UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-K ___________________________________ (Mark One) x 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 001-40470 ___________________________________ GXO Logistics, Inc. ...

Financial Performance - Reported net income of $24.6 million, or $0.28 per diluted share, with adjusted net income of $35.3 million, or $0.40 per adjusted diluted share [6] - The company reported a net income of $81.588 million for the year ended December 31, 2025, compared to $50.334 million in 2024, marking a year-over-year increase of approximately 62% [36] - Adjusted net income attributable to common shareholders for the three months ended December 31, 2025, was $24.625 million, compared to a loss of $14.011 million in the same period of 2024 [36] - Basic earnings per share for the three months ended December 31, 2025, was $0.28, recovering from a loss of $0.17 in the previous year [36] - The company reported a diluted earnings per share of $0.89 for 2025, up from $0.56 in 2024, reflecting a growth of 58.9% [41] Revenue Growth - Total revenues for the year ended December 31, 2025, were $1,308.1 million, an increase from $1,159.3 million in 2024, representing a growth of approximately 12.8% [36] - Contract Services segment revenue reached $301.8 million in Q4 2025, a 7.7% increase from $280.2 million in Q4 2024 [10] - Total revenues for the Contract Services segment reached $301.81 million for the three months ended December 31, 2025, up from $296.97 million in the previous quarter, and $1.18 billion for the year ended December 31, 2025, compared to $1.03 billion in 2024 [46] - Total revenues for the Other Services segment increased to $31.06 million for the three months ended December 31, 2025, from $25.77 million in the previous quarter, and $126.83 million for the year ended December 31, 2025, compared to $125.14 million in 2024 [47] EBITDA and Cash Flow - Record quarterly adjusted EBITDA of $184.5 million, a 9.1% increase compared to Q4 2024 [6] - Full-year 2026 adjusted EBITDA expected to be in the range of $750 million to $780 million [21] - Adjusted EBITDA for 2025 reached $715,033 thousand, representing an increase of 17.4% compared to $609,550 thousand in 2024 [44] - Generated net cash provided by operating activities of $599.7 million, a 23.7% increase compared to 2024 [6] - Net cash provided by operating activities was $194.86 million for the three months ended December 31, 2025, compared to $113.38 million in the previous quarter, and $599.74 million for the year ended December 31, 2025, compared to $327.99 million in 2024 [48] - Free cash flow for the three months ended December 31, 2025, was $78.61 million, significantly up from $33.46 million in the previous quarter, and $229.58 million for the year ended December 31, 2025, compared to $122.32 million in 2024 [48] Expenses and Liabilities - Total operating expenses for the year ended December 31, 2025, were $968.1 million, compared to $909.9 million in 2024, reflecting an increase of approximately 6.4% [36] - Interest expense for the year ended December 31, 2025, was $198.370 million, slightly increasing from $197.144 million in 2024 [36] - Total liabilities rose from $3,061,516 thousand in 2024 to $3,110,621 thousand in 2025, an increase of 1.6% [38] - Total current liabilities increased from $319,369 thousand in 2024 to $385,942 thousand in 2025, an increase of 20.8% [38] Shareholder Returns - Returned over $263 million to shareholders through dividends and share repurchases in 2025 [8] - The company repurchased common shares worth $103,968 thousand in 2025, compared to $40,000 thousand in 2024, indicating a significant increase in share repurchase activity [40] Strategic Acquisitions - Announced acquisition of Distributed Power Solutions, LLC valued at approximately $675 million, expected to close in early April 2026 [13][14] - The company plans to pursue strategic acquisitions, including the pending acquisition of Distributed Power Solutions, LLC, to enhance operational capabilities and market position [32] Asset Management - The company experienced a long-lived asset impairment of $6.344 million for the year ended December 31, 2025, down from $9.921 million in 2024 [36] - The company incurred a long-lived asset impairment of $6,344 thousand in 2025, compared to $9,921 thousand in 2024, indicating a reduction of 36.5% [40] - Total assets decreased from $4,435,123 thousand in 2024 to $4,318,017 thousand in 2025, a decline of approximately 2.6% [38] Cash and Equivalents - Cash and cash equivalents decreased from $4,750 thousand at the end of 2024 to $3,179 thousand at the end of 2025, a decline of 33.1% [40] Other Financial Matters - The company incurred severance expenses of $2.12 million for the three months ended December 31, 2025, and $10.50 million for the year ended December 31, 2024, related to the CSI Acquisition [49] - The company received a settlement offer from the Texas Comptroller's office for outstanding sales and use tax matters, totaling $28.0 million in interest and penalties for all open periods [49]

EX-99.2 4 ped_ex992.htm 2025 RESERVE REPORT PREPARED EXHIBIT 99.2 | | | Proved | Proved | | | | | --- | --- | --- | --- | --- | --- | --- | | | | Developed | Developed | Proved | Proved | Total | | | | | Non | | | | | | | Producing | Producing | Developed | Undeveloped | Proved | | Net Reserves | | | | | | | | Oil | - Mbbl | 11,871.9 | 372.0 | 12,243.9 | 10,742.4 | 22,986.3 | | Gas | - MMcf | 12,675.1 | 395.1 | 13,070.2 | 15,713.3 | 28,783.5 | | NGL | - Mbbl | 1,895.1 | 64.5 | 1,959.6 | 2,381.0 | 4,340.6 | ...

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 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ 902 Broadway, Floor 20 New York, New York, USA 10010 (212) 821-0142 (Address of principal executive of ices, zip code, telephone numbers) Commission file ...

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: 1-6523 Exact name of registrant as specified in its charter: Bank of America Corporation State or other jurisdiction of incorporation or ...

EXHIBIT 99.1 EX-99.1 2 ltbr_ex991.htm PRESS RELEASE Lightbridge Provides Business Update and Announces Fiscal Year 2025 Financial Results RESTON, Va., February 25, 2026 (GLOBE NEWSWIRE) – Lightbridge Corporation ("Lightbridge" or the "Company") (Nasdaq: LTBR), an advanced nuclear fuel technology company, announced its financial results for the fiscal year ended December 31, 2025, and provided an update on the Company's continued progress. Seth Grae, President & Chief Executive Officer of Lightbridge Corpora ...

Exhibit 99.1 Exzeo Announces Fourth Quarter and Full Year 2025 Financial Results Managed Premium1 up 139% year-over-year to $1.39 billion; Revenue up 62% year-over-year to $217.0 million; Pre-Tax Income increased 213% to $110.3 million Tampa, Fla. - (Business Wire) - February 25, 2026 - Exzeo Group, Inc. (NYSE:XZO) today announced financial results for the fourth quarter and full year ended December 31, 2025. Conference Call Information: Exzeo Group management will host a conference call today, February 25, ...

Financial Highlights • Total revenue: Total revenue for the fourth quarter 2025 was $114.6 million, representing 25% growth compared to total revenue of $91.8 million for the fourth quarter 2024. Total revenue for the full year 2025 was $411.3 million, reflecting 15% growth compared to total revenue of $358.7 million for the full year 2024. Exhibit 99.1 Innoviva Reports Fourth Quarter and Full Year 2025 Financial Results; Highlights Recent Company Progress Durable royalties portfolio generated $58.4 million ...

Bethesda, MD – February 25, 2026 – (BUSINESS WIRE) – Chiron Real Estate Inc. (NYSE: XRN) (the "Company" or "Chiron"), today announced financial results for the three and twelve months ended December 31, 2025 and other data. Exhibit 99.1 Chiron Real Estate Inc. Announces Fourth Quarter and Full Year 2025 Financial Results –Completes Corporate Rebrand– –Announces 2026 Strategic Objectives & Full Year 2026 Core FFO Guidance– –Announces Change from Quarterly to Monthly Dividends– Mark Decker, Jr., Chief Executi ...

Financial Performance - Revenue for the year ended December 31, 2025, was $3,097.3 million, representing a 25.1% increase from $2,473.2 million in 2024[22]. - Operating income for 2025 was $976.8 million, with an operating margin of 31.5%, up from 26.1% in 2024[22]. - Net income attributable to JHG for 2025 was $815.9 million, compared to $408.9 million in 2024, reflecting a significant year-over-year growth[22]. - The company reported diluted earnings per share of $5.23 for 2025, an increase from $2.56 in 2024[22]. - Performance fees increased by $389.6 million due to annual performance fees generated from certain funds[207]. - Management fees rose by $210.6 million, driven by higher average AUM[207]. Assets Under Management (AUM) - As of December 31, 2025, Janus Henderson Group plc (JHG) has assets under management (AUM) totaling $493.2 billion, an increase from $408.9 billion in 2024[17][22]. - AUM in the intermediary channel reached $242.9 billion, accounting for 49% of total AUM as of December 31, 2025[26]. - AUM in the institutional channel totaled $152.2 billion, representing 31% of total AUM[27]. - AUM in the self-directed channel was $98.1 billion, making up 20% of total AUM[28]. - The Equities capability had AUM of $256.6 billion, which is 52% of total AUM, while Fixed Income had $155.8 billion, or 32% of total AUM[29][30]. - Closing Assets Under Management (AUM) increased to $493.2 billion as of December 31, 2025, up 30% from $378.7 billion in 2024[215]. - Institutional client AUM reached $152.2 billion in 2025, reflecting a significant increase from $81.2 billion in 2024[211]. Regulatory and Compliance - The company’s subsidiaries are subject to extensive regulations from various U.S. agencies, including the SEC and FINRA, affecting their operations[53]. - Regulatory compliance costs have increased significantly and may continue to rise, impacting the company's operational expenses[52]. - The company is required to comply with capital requirements imposed by non-U.S. securities exchanges, ensuring financial integrity and liquidity for its foreign subsidiaries[76]. - The company is subject to various regulatory frameworks across multiple jurisdictions, including the Australian Financial Services license and the Securities and Futures Ordinance in Hong Kong, which impose specific compliance requirements[72][73]. - The Digital Operational Resilience Act (DORA) requires compliance by January 17, 2025, to strengthen digital resilience in the financial sector[65]. - Regulatory scrutiny on ESG and climate-related disclosures is increasing, with evolving regulations potentially impacting the company's reporting requirements[77]. Mergers and Acquisitions - The company has entered into a Merger Agreement with Jupiter Company Limited, with the completion of the merger contingent upon obtaining shareholder approval and regulatory approvals, among other conditions[82][83]. - A termination fee of $297.13 million will be payable if the Merger Agreement is terminated under certain circumstances, which could impact the company's financial position[87]. - The company must secure consent from advisory clients and funds representing at least 80% of its Base Date Revenue Run-Rate to proceed with the merger, highlighting the importance of client relationships during this period[86]. - The ongoing merger process may disrupt relationships with third parties and lead to reduced net flows, impacting assets under management and revenue[86]. - The company has incurred significant expenses related to the merger, which may not yield benefits if the merger does not complete, affecting overall financial health[87]. - If the Merger is consummated, shareholders will receive $49.00 per share of common stock in cash, without interest, and will not benefit from future business performance[96]. Market and Economic Conditions - Political, economic, and social instability in global markets could adversely impact the company’s revenue and assets under management (AUM)[114]. - The investment management industry is highly competitive, with significant competition from larger firms and a demand for customized investment vehicles[50]. - The investment management business is highly competitive, with pressures on traditional fee structures due to the rise of lower-cost investment products[111]. - Changes in credit ratings and global market volatility may increase borrowing costs and impair access to capital markets, particularly in light of proposed mergers[145]. Operational Risks - Cybersecurity risks, including potential breaches and data loss, are critical concerns that could harm the company’s reputation and financial condition[129]. - The company is implementing a multi-year initiative to upgrade its information technology systems through the Aladdin platform, which may require significant capital investments and personnel resources[134]. - The integrity and reliability of information technology systems are critical; failures could impair investment management capabilities and negatively impact AUM[139]. - Dependence on third-party vendors for client services and operational needs could lead to financial losses and regulatory issues if those vendors fail to perform[142]. - The company faces risks from failures in operational or risk management processes, which could adversely affect assets under management (AUM) and financial condition[138]. Human Resources - The company monitors and analyzes turnover rates, with voluntary turnover consistent with industry benchmarks[47]. - The company’s financial performance is highly dependent on retaining key personnel, with potential increases in compensation required to attract and retain skilled professionals[112]. - The company is facing challenges in attracting and retaining key personnel during the merger process, which could affect operational execution[88]. Currency and Tax Risks - The company generates a substantial portion of its revenue in GBP, EUR, and AUD, exposing it to currency exchange rate risks relative to the USD[108]. - Changes to tax laws could materially impact the company's tax provision and effective tax rate[158].