UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended December 31, 2025 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number 001-06714 Graham Holdings Company (Exact name of registrant as specified in its charter) Delaware 53-0182885 (State or other jurisdiction of incorporation or organization) (I.R.S. Em ...

Page 1 • Net income available to common stockholders was $60.2 million, or $0.70 per diluted share, compared to $129.2 million, or $1.37 per diluted share. Excluding inventory-related charges of $11.8 million, our net income available to common stockholders was $68.4 million*, or $0.80* per diluted share. • Home sales revenue for the quarter was $945.9 million compared to $1.2 billion ◦ New home deliveries of 1,364 homes compared to 1,748 homes ◦ Average sales price of homes delivered of $693,000 compared t ...

Southwest Gas Holdings, Inc. Reports Fourth Quarter and Full-Year 2025 Financial Results $300M Utility Net Income and $284M Adjusted Net Income Exceeded Top End of 2025 Net Income Guidance Range Delivered 8.3% Adjusted Utility ROE and Adjusted Utility Earnings Growth of ~8.7% Year-over-Year Utility 2025 FFO/Debt of 18.6% - SWX and SWG S&P Credit Ratings Each Upgraded to BBB+ 4% Increase in Common Stock Dividend Approved by Board of Directors Initiated 2026 and Forward-Looking EPS and Rate Base Guidance Metr ...

Financial Performance - Achieved record annual revenue of $3 billion for fiscal year 2025, a 13% increase compared to 2024[4] - Fourth quarter revenue reached $858.6 million, a 20% increase year-over-year, with gross profit of $80.5 million, up 13.2%[4] - Base revenue for the year was $2.943 billion, an 18% increase from 2024, with base gross profit of $234 million, representing a 35% increase[7] - Total revenue for the fiscal year ended December 28, 2025, was $2,982,781,000, an increase from $2,637,229,000 in the previous year, representing a growth of 13.1%[41] - Base revenue for the fiscal three months ended December 28, 2025, was $855,067,000, compared to $667,369,000 for the same period in 2024, reflecting a year-over-year increase of 28.1%[41] - Gross profit for the fiscal year ended December 28, 2025, was $246,566,000, compared to $220,672,000 in 2024, indicating an increase of 11.7%[43] - Adjusted EBITDA for the fiscal year ended December 28, 2025, was $249.0 million, compared to $238.2 million for the previous year, reflecting a growth of approximately 4.0%[38] - Adjusted EBITDA Margin for the fiscal year ended December 28, 2025, was 8.3%, compared to 9.0% for the previous year[38] - Net income for the fiscal year ended December 28, 2025, was $22.7 million, compared to a net loss of $6.8 million for the previous year[38] - Adjusted Net Income for the fiscal year ended December 28, 2025, was $39.0 million, compared to $26.2 million for the previous year, indicating a significant increase[38] - Adjusted diluted earnings per share for the fiscal year ended December 28, 2025, was $0.43, up from $0.32 in the previous year, marking a 34.4% increase[41] Bookings and Backlog - Secured total bookings of $4.5 billion for 2025, with a book-to-bill ratio of 1.5x, exceeding the target of 1.1x[10] - Expanded backlog to $5.9 billion, a 59% increase year-over-year, with a $13 billion opportunity pipeline[11] - The company expects that year-end 2025 backlog and 2026 year-to-date bookings will provide over 85% of its 2026 Base Revenue at the mid-point of guidance[20] - The company aims to achieve a book-to-bill ratio of 1.1x to 1.2x in 2026[20] Debt and Cash Flow - Net debt to adjusted EBITDA ratio improved to 2.5x from 3.6x year-over-year[8] - The net debt as of December 28, 2025, was $627,594,000, down from $849,202,000 in the previous year, showing a reduction of 26.0%[46] - Free Cash Flow is defined as cash flow from operations less net capital expenditures, indicating the cash available for the company after capital purchases[29] - Net cash provided by operating activities decreased to $78,121 from $158,230, a decline of approximately 50.7% year-over-year[49] - Free cash flow for the fiscal year ended December 28, 2025, was $35,749,000, compared to $68,855,000 in the previous year, reflecting a decrease of 48.0%[43] - The net increase in cash and cash equivalents was $79,040, compared to an increase of $15,612 in the prior year[49] Capital Expenditures and Investments - Management anticipates net capital expenditures of $75 to $90 million in 2026[14] - Capital expenditures were $86,325, down from $99,333, reflecting a reduction of about 13.5%[49] - The company reported proceeds from long-term debt borrowings of $242,936, with no previous comparable figure available[49] Other Financial Metrics - The company recognized a $23.7 million increase in deferred tax assets allocable to it due to a change in Southwest Gas Holdings' estimate of 2025 taxable income[34] - The total assets as of December 28, 2025, were $2,407,706,000, an increase from $2,074,390,000 in the previous year, representing a growth of 16.0%[46] - The trailing twelve-month adjusted EBITDA for the fiscal year ended December 28, 2025, was $249,015,000, compared to $238,226,000 in 2024, an increase of 4.5%[46] - The net cash flow provided by operating activities for the fiscal three months ended December 28, 2025, was $83,890,000, compared to $60,998,000 in the same period last year, representing a growth of 37.4%[43] - Proceeds from public offerings and private placements totaled $250,923, compared to $327,667, indicating a decrease of approximately 23.4%[49] - Net cash used in investing activities was $88,204, slightly down from $89,375, a decrease of about 1.3%[49] - Net cash provided by financing activities increased to $88,758 from a net cash used of $52,619, marking a significant turnaround[49] - Cash, cash equivalents, and restricted cash at the end of the period rose to $128,059 from $49,019, an increase of approximately 161.5%[49] - Principal payments on long-term debt increased to $364,680 from $318,668, reflecting a rise of about 14.5%[49] - The effects of foreign exchange translation contributed $365, contrasting with a loss of $624 in the previous period[49]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-07434 Aflac Incorporated (Exact name of registrant as specified in its charter) | Georgia | | 58-1167100 | | | --- | --- | --- | --- ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Maryland 35-2670395 (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other jurisdiction of incorporation or organization) 1 N. 1 Street Suite 302 st FORM 10-K For the Fiscal Year Ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-39958 TRINITY CAPITAL INC. (Exact name ...

Exhibit 99.1 ATLANTA BRAVES HOLDINGS REPORTS FOURTH QUARTER AND YEAR END 2025 FINANCIAL RESULTS Atlanta, Georgia, February 25, 2026 – Atlanta Braves Holdings, Inc. ("ABH") (Nasdaq: BATRA, BATRK) today reported results for its fourth quarter and year end 2025 results. Highlights include: Discussion of Results | | Three months ended | | | Twelve months ended | | | | --- | --- | --- | --- | --- | --- | --- | | | December 31, | | | December 31, | | | | | 2025 | 2024 | % Change | 2025 | 2024 | % Change | | | | a ...

Exhibit 99.1 ATLANTA BRAVES HOLDINGS REPORTS FOURTH QUARTER AND YEAR END 2025 FINANCIAL RESULTS Atlanta, Georgia, February 25, 2026 – Atlanta Braves Holdings, Inc. ("ABH") (Nasdaq: BATRA, BATRK) today reported results for its fourth quarter and year end 2025 results. Highlights include: | | Three months ended | | | Twelve months ended | | | | --- | --- | --- | --- | --- | --- | --- | | | December 31, | | | December 31, | | | | | 2025 | 2024 | % Change | 2025 | 2024 | % Change | | | | amounts in thousands | ...

Exhibit 99.1 Icahn Enterprises L.P. (Nasdaq: IEP) Today Announced Its Fourth Quarter and Full Year 2025 Financial Results Sunny Isles Beach, Fla, February 25, 2026 – Financial Summary (Net income, net loss and Adjusted EBITDA figures in commentary below are attributable to Icahn Enterprises, unless otherwise specified) For the three months ended December 31, 2025, revenues were $2.7 billion and net income was $1 million, or approximately $0 per depositary unit. For the three months ended December 31, 2024, ...

For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 0-11487 LAKELAND FINANCIAL CORPORATION Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Indiana 35-1559596 (State of incorporation) (I.R.S. Employer Identification No.) 202 East Center Street, P.O. Box 1387, Warsa ...