Exhibit 99.1 KARTOON STUDIOS DELIVERS FIFTH CONSECUTIVE QUARTER OF REVENUE GROWTH; Q2 REVENUE SURGES 23% YEAR-OVER-YEAR, INCLUDING STRONG STREAMING PERFORMANCE AND OPERATIONAL EFFICIENCY G&A Expenses Fall Double Digits as Company Moves Toward Profitability in 2025 Kartoon Channel Streaming Service is Top Rated Children's Streaming App in Apple App Store; FAST Views Jump 221% Year-Over-Year Kartoon Channel SVOD Grows for 7th Consecutive Month; Wins Amazon Operational Excellence Award Mainframe Studios Revenu ...

PART I. FINANCIAL INFORMATION [Item 1. Financial Statements (Unaudited)](index=2&type=section&id=Item%201.%20Financial%20Statements%20%28Unaudited%29) The unaudited condensed consolidated financial statements for Smith-Midland Corporation as of June 30, 2025, reflect significant growth in revenue and net income, with total assets increasing and net income more than doubling to $7.5 million, though cash decreased slightly due to working capital and capital investments [Condensed Consolidated Balance Sheets](index=2&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2025, total assets increased to $81.2 million, primarily driven by a significant rise in accounts receivable, while total liabilities also grew, and stockholders' equity strengthened to $49.2 million reflecting strong net income | Balance Sheet Items (in thousands) | June 30, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | **Total Current Assets** | $47,447 | $35,849 | +$11,598 | | Accounts receivable, net (billed) | $30,312 | $19,420 | +$10,892 | | **Total Assets** | $81,176 | $67,991 | +$13,185 | | **Total Current Liabilities** | $16,485 | $15,010 | +$1,475 | | **Total Liabilities** | $31,931 | $26,252 | +$5,679 | | **Total Stockholders' Equity** | $49,245 | $41,739 | +$7,506 | [Condensed Consolidated Statements of Income (Loss)](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income%20%28Loss%29) For the six months ended June 30, 2025, the company reported significant year-over-year growth, with total revenue increasing 34% to $48.9 million and net income more than doubling to $7.5 million, driven by substantial increases in barrier rentals and product sales | Metric (in thousands, except EPS) | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | YoY Change | | :--- | :--- | :--- | :--- | | **Total Revenue** | $48,884 | $36,394 | +34.3% | | **Gross Profit** | $14,761 | $9,045 | +63.2% | | **Operating Income** | $9,905 | $4,182 | +136.8% | | **Net Income** | $7,498 | $3,129 | +139.6% | | **Diluted EPS** | $1.41 | $0.59 | +139.0% | - Barrier rentals were a key growth driver, increasing from **$2.3 million** to **$14.2 million** for the six months ended June 30, 2025, compared to the same period in 2024[17](index=17&type=chunk) [Condensed Consolidated Statements of Stockholders' Equity](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders%27%20Equity) Total stockholders' equity increased from $41.7 million at year-end 2024 to $49.2 million as of June 30, 2025, primarily due to the $7.5 million in net income earned during the first six months - Retained earnings grew from **$34.1 million** at December 31, 2024, to **$41.6 million** at June 30, 2025, driven by the **$7.5 million** net income for the six-month period[20](index=20&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the six months ended June 30, 2025, net cash provided by operating activities was $2.4 million, significantly impacted by an $11.1 million increase in accounts receivable, leading to an overall $0.4 million decrease in cash despite strong net income | Cash Flow Activity (in thousands) | Six Months Ended June 30, 2025 | | :--- | :--- | | Net cash provided by operating activities | $2,400 | | Net cash used in investing activities | ($2,515) | | Net cash used in financing activities | ($332) | | **Net decrease in cash** | **($447)** | | Cash at beginning of period | $7,548 | | Cash at end of period | $7,101 | - A significant use of cash in operations was the increase in billed accounts receivable, which consumed **$11.1 million**[23](index=23&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=6&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The notes detail the company's accounting policies, including revenue recognition and disaggregation, showing strong growth in Soundwall Sales and Barrier Rentals, and describe the company's debt structure and undrawn $5 million revolving line of credit Disaggregation of Revenue (Six Months Ended June 30, in thousands) | Revenue by Type | 2025 | 2024 | | :--- | :--- | :--- | | Soundwall Sales | $8,985 | $5,170 | | Easi-Set Building Sales | $4,985 | $2,540 | | **Total Product Sales** | **$22,548** | **$23,868** | | Barrier Rentals | $14,205 | $2,250 | | Royalty Income | $2,216 | $1,445 | | Shipping and Installation | $9,915 | $8,831 | | **Total Service Revenue** | **$26,336** | **$12,526** | | **Total Revenue** | **$48,884** | **$36,394** | - The company has several notes payable with fixed interest rates ranging from **2.90% to 4.09%**, and is subject to loan covenants requiring a tangible net worth of **$25 million** and limiting annual capital expenditures to **$5 million**[52](index=52&type=chunk)[53](index=53&type=chunk)[57](index=57&type=chunk) - The company has a **$5 million** revolving line of credit with a variable interest rate, which had no outstanding balance as of June 30, 2025[58](index=58&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=11&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes the strong financial performance in the first half of 2025 to special barrier rental projects and increased sales, resulting in a 34% revenue growth to $48.9 million and a 140% surge in net income to $7.5 million, despite a cash decrease due to increased accounts receivable - The increase in revenue was mainly from special barrier project sales in Q1 and Q2 2025, increased soundwall sales, Easi-Set building sales, royalty income, and shipping and installation revenue[69](index=69&type=chunk) - Cost of sales as a percentage of revenue (excluding royalties) decreased from **78% to 72%** for the six-month period, primarily due to higher-margin special barrier projects[71](index=71&type=chunk) - The company's sales backlog was approximately **$54 million** as of August 1, 2025, compared to **$59 million** in the prior year[74](index=74&type=chunk)[115](index=115&type=chunk) [Results of Operations](index=13&type=section&id=Results%20of%20Operations) For the first six months of 2025, total revenue increased by $12.5 million to $48.9 million, primarily driven by a surge in barrier rentals and soundwall sales, leading to a 63% increase in gross profit and a doubling of operating income - Barrier rentals increased significantly due to two special barrier projects in Q1 and Q2 2025[85](index=85&type=chunk) - Soundwall sales were significantly higher due to increased production volumes at all three plants to execute on an increased backlog[77](index=77&type=chunk) - Utility sales decreased significantly compared to 2024, when there was a surge in demand to support data center growth in Northern Virginia[83](index=83&type=chunk) [Liquidity and Capital Resources](index=16&type=section&id=Liquidity%20and%20Capital%20Resources) As of June 30, 2025, cash decreased slightly to $7.1 million, primarily due to an $11.1 million increase in accounts receivable, with capital spending at $2.5 million for the first half and a full-year budget of $5 million, which the company believes is sufficient to fund operations - Cash decreased from **$7.5 million** to **$7.1 million**, primarily due to an increase in accounts receivable from **$19.4 million** to **$30.3 million**[104](index=104&type=chunk)[105](index=105&type=chunk) - Capital spending totaled **$2.5 million** for the first six months of 2025, with a full-year budget of approximately **$5 million**, focused on expanding the barrier rental fleet and manufacturing facilities[106](index=106&type=chunk) - The company has a **$5 million** revolving line of credit with no balance outstanding as of June 30, 2025[102](index=102&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=18&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This section is not applicable to the company - This section is not applicable[116](index=116&type=chunk) [Item 4. Controls and Procedures](index=18&type=section&id=Item%204.%20Controls%20and%20Procedures) As of June 30, 2025, management concluded that disclosure controls and procedures were not effective due to material weaknesses in internal control over financial reporting, with remediation efforts underway including new personnel and enhanced policies - Management concluded that disclosure controls and procedures were not effective as of June 30, 2025, due to material weaknesses[116](index=116&type=chunk) - Identified material weaknesses include deficiencies in the control environment, risk assessment, lack of formal accounting policies, and inadequate IT general controls related to user access and segregation of duties[118](index=118&type=chunk)[119](index=119&type=chunk)[124](index=124&type=chunk) - Remediation efforts are underway, including hiring a new CFO, pursuing additional finance personnel, designing new entity-level controls, and enhancing policies and procedures[125](index=125&type=chunk) PART II. OTHER INFORMATION [Item 1. Legal Proceedings](index=20&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently involved in any litigation of a material nature - The Company is not presently involved in any litigation of a material nature[128](index=128&type=chunk) [Item 1A. Risk Factors](index=20&type=section&id=Item%201A.%20Risk%20Factors) Disclosure of risk factors is not required for this filing - Disclosure of risk factors is not required for this filing[129](index=129&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=20&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reports no unregistered sales of equity securities or use of proceeds during the period - There were no unregistered sales of equity securities or use of proceeds during the period[129](index=129&type=chunk) [Item 3. Defaults Upon Senior Securities](index=20&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reports no defaults upon senior securities - There were no defaults upon senior securities during the period[129](index=129&type=chunk) [Item 4. Mine Safety Disclosures](index=20&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This section is not applicable to the company - This section is not applicable[129](index=129&type=chunk) [Item 5. Other Information](index=20&type=section&id=Item%205.%20Other%20Information) The company reports no other information for this period - There is no other information to report for this period[129](index=129&type=chunk) [Item 6. Exhibits](index=20&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including CEO and CFO certifications and XBRL data files

EXHIBIT 99.1 Financial Release For Immediate Release Applied Industrial Technologies Reports Fiscal 2025 Fourth Quarter and Full-Year Results; Issues Guidance for Fiscal 2026 CLEVELAND, OHIO (August 14, 2025) – Applied Industrial Technologies (NYSE: AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies, today reported results for its fiscal 2025 fourth quarter and full year ended Jun ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 ☐ 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: 001-42736 GLOBA TERRA ACQUISITION CORPORATION (Exact Name of Registrant as Specified in Its Charter) Cayman Islands N/A (State or other ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 Commission file number: 001-42736 GLOBA TERRA ACQUISITION CORPORATION (Exact Name of Registrant as Specified in Its Charter) Cayman Islands N/A (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 382 NE 191st Street #952377 Miami, Flori ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the period ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (Exact Name of Registrant as Specified in its Charter) Commission File Number: 001-40206 XBP Global Holdings, Inc. (State of or other Jurisdiction I ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the period ended June 30, 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: 001-40206 XBP Global Holdings, Inc. (Exact Name of Registrant as Specified in its Charter) (State of or other Jurisdiction I ...

Exhibit 99.1 XBP Global Holdings, Inc. Reports Second Quarter 2025 Results August 14, 2025 Second Quarter 2025 Highlights IRVING, TX AND LONDON, UK, August 14, 2025 (GLOBE NEWSWIRE) – XBP Global Holdings, Inc. ("XBP Global" or "the Company") (NASDAQ: XBP), a multinational leader in business process automation and integration of bills, payments, and related solutions and services seeking to enable the digital transformation of its clients, announced today its financial results for the quarter ended June 30, ...

Exhibit 99.1 XBP Global Holdings, Inc. Reports Second Quarter 2025 Results August 14, 2025 Second Quarter 2025 Highlights IRVING, TX AND LONDON, UK, August 14, 2025 (GLOBE NEWSWIRE) – XBP Global Holdings, Inc. ("XBP Global" or "the Company") (NASDAQ: XBP), a multinational leader in business process automation and integration of bills, payments, and related solutions and services seeking to enable the digital transformation of its clients, announced today its financial results for the quarter ended June 30, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 ☐ 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 001-41151 AIRJOULE TECHNOLOGIES CORPORATION (Exact name of registrant as specified in its charter) | Delaware | ...