Financial Performance - Moog Inc. reported record net sales of $1.1 billion for Q1 2026, a 21% increase compared to $908 million in Q1 2025[4] - The company achieved a diluted net earnings per share of $2.46, reflecting a 38% increase from $1.78 in the previous year[2] - Bookings for the quarter totaled $2.3 billion, primarily driven by growth in Commercial Aircraft and new awards in Space and Defense[3] - The twelve-month backlog increased by 30% to a record $3.3 billion, indicating strong demand across all markets[3] - Operating margin improved by 90 basis points to 12.3%, while adjusted operating margin also increased by 90 basis points to 13.0%[5][6] - Operating profit for the total company was $135,446, representing a margin of 12.3%, up from 11.4% in the previous year[24] - The company reported net earnings of $78,851 for the three months ended January 3, 2026, compared to $57,526 in the same period last year[30] Cash Flow and Guidance - Free cash flow was a use of $79 million, an improvement from a use of $166 million in the prior year[7] - Free cash flow for the three months ended January 3, 2026, was $(79,148), with a free cash flow conversion rate of (94)%[31] - The company raised its FY 2026 guidance for net sales to $4.3 billion from the previous $4.2 billion[8] - Adjusted diluted net earnings per share guidance was increased to $10.20, up from $10.00[8] Segment Performance - The Space and Defense segment saw a 31% increase in sales to $324 million, driven by strong defense demand[4] - Space and Defense segment operating profit increased to $42,770, with an adjusted margin of 14.8%, compared to 12.0% in the prior year[26] - Military Aircraft segment reported an operating profit of $28,128, with an adjusted margin of 11.9%, up from 11.3%[26] Balance Sheet - Cash and cash equivalents at the end of the period were $73,794, slightly down from $73,808 at the end of the previous year[30] - Total assets increased to $4,551,893 from $4,426,055 in the previous period[28] - Total liabilities rose to $2,486,093, compared to $2,433,500 in the prior year[28] Interest Expense - Interest expense increased to $17,195 from $16,248 in the previous year[24]

Financial Performance - Fourth quarter 2025 operating income was US$487.4 million, a significant increase from US$172.0 million in Q3 2025 and US$197.5 million in Q4 2024[2] - Adjusted diluted earnings per share for Q4 2025 was US$2.01, compared to US$1.09 in Q3 2025 and US$1.07 in Q4 2024[3] - Total revenue for Q4 2025 reached $1,142.3 million, a 61.5% increase from $708.3 million in Q4 2024[25] - Management fees increased to $585.2 million in Q4 2025, up 11.5% from $522.7 million in Q4 2024[25] - Performance fees surged to $433.0 million in Q4 2025, compared to $67.5 million in Q4 2024, reflecting a significant increase of 541.5%[25] - Operating income for the year ended December 31, 2025, was $976.8 million, a 51.2% increase from $645.7 million in 2024[25] - Net income attributable to Janus Henderson Group (JHG) for Q4 2025 was $403.2 million, up from $121.8 million in Q4 2024, representing a 231.4% increase[25] - Diluted earnings per share for Q4 2025 were $2.62, compared to $0.77 in Q4 2024, marking a 240.3% increase[25] - Adjusted revenue for Q4 2025 was $996.6 million, reflecting a 75.6% increase from $567.6 million in Q4 2024[27] - Adjusted operating income for the year ended December 31, 2025, was $911.8 million, a 36.3% increase from $668.1 million in 2024[27] - Adjusted diluted earnings per share for the year ended December 31, 2025, were $4.78, up from $3.53 in 2024, reflecting a 35.4% increase[27] Assets and Management - Assets under management (AUM) reached US$493 billion as of December 31, 2025, representing a 30% year-over-year increase[6] - AUM performance showed that 65% of assets outperformed relevant benchmarks over one, three, five, and ten-year periods as of December 31, 2025[6] - Total assets increased to $8,287.0 million as of December 31, 2025, up from $6,963.1 million in 2024, representing a growth of approximately 19%[37] - Cash and cash equivalents rose to $1,253.9 million in 2025, compared to $1,217.2 million in 2024, indicating an increase of about 3%[37] - Total equity reached $5,275.5 million as of December 31, 2025, up from $4,718.1 million in 2024, marking an increase of about 12%[37] - Long-term debt remained relatively stable at $395.5 million in 2025, slightly up from $395.0 million in 2024[37] Cash Flow and Operations - Operating activities generated cash of $322.7 million for the three months ended December 31, 2025, compared to $247.3 million for the same period in 2024, reflecting a growth of approximately 30%[38] - The company reported a net change in cash of $252.6 million for the three months ended December 31, 2025, compared to a decrease of $270.0 million in the same period of 2024[38] Corporate Actions and Strategy - The company has entered into a definitive merger agreement to be acquired by an investor group led by Trian Fund Management and General Catalyst[9] - Janus Henderson plans to enhance its distribution capabilities through the acquisition of Richard Bernstein Advisors, positioning itself among the top 10 model portfolio providers in North America[4] - The company executed a US$200 million share repurchase program, purchasing approximately 0.6 million shares for about US$27 million in Q4 2025[10] - The company suspended its regular quarterly dividend due to the proposed merger transaction[10] Operational Efficiency - The operating margin for Q4 2025 was 42.7%, up from 24.6% in Q3 2025 and 27.9% in Q4 2024[8] - The operating margin for Q4 2025 was 42.7%, compared to 27.9% in Q4 2024, indicating improved operational efficiency[27] Risks and Future Outlook - Management emphasizes that past performance is not indicative of future results, highlighting the inherent risks and uncertainties in investment[40] - The reconciliation for the year ended December 31, 2025, includes adjustments for non-cash and acquisition-related costs, which management believes do not represent ongoing operations[36] - The company is transitioning its investment management platform to Aladdin, which involves impairment expenses related to certain capitalized costs[36] - The total liabilities of consolidated variable interest entities increased to $23.3 million in 2025 from $4.7 million in 2024[37]

Financial Performance - Net income for Q4 2025 was $11.4 million, or $1.73 per diluted share, a 5.7% increase from Q3 2025[3] - For the full year 2025, net income was $42.8 million, a 24.9% increase from $34.2 million in 2024[4] - Net income for Q4 2025 was $11.4 million, compared to $10.8 million in Q3 2025, representing a 5.7% increase[38] - Earnings per share (EPS) increased to $1.74 for Q4 2025, up from $1.63 in Q3 2025, marking an 6.7% rise[38] - Net income for the year ended December 31, 2025, reached $42,764,000, a significant increase of 24.56% compared to $34,235,000 in 2024[42] Assets and Deposits - Total assets reached $3.35 billion, an increase of $136.5 million, or 4.2%, from Q3 2025, driven by a $124.6 million increase in deposits[5] - Total assets increased to $3,350,910,000 as of December 31, 2025, up from $3,214,363,000 in the previous quarter, representing a 4.24% growth[40] - Total deposits totaled $2.96 billion, up $124.6 million, or 4.4%, from Q3 2025, primarily due to seasonal inflows from public entity customers[25] - Total deposits rose to $2,963,412,000, reflecting a 4.39% increase from $2,838,783,000 in the previous quarter[40] - Public deposits surged by $72.2 million, or 32.3%, from $223.4 million to $295.6 million[29] Interest Income and Margin - Net interest income for Q4 2025 was $28.2 million, a 5.0% increase from Q3 2025[11] - The net interest margin (FTE) increased to 3.51%, up 8 basis points from the previous quarter[8] - The bank's net interest margin improved to 3.46% in Q4 2025, compared to 3.38% in Q3 2025[38] - Net interest income for the three months ended December 31, 2025, was $28,241,000, an increase of 5.02% from $26,886,000 in the previous quarter[42] - The net interest margin improved to 3.46% for the three months ended December 31, 2025, compared to 3.38% in the previous quarter, indicating a positive trend in profitability[44] Operating Expenses and Efficiency - Operating expenses for Q4 2025 totaled $18.3 million, a 2.0% increase from Q3 2025[17] - Total operating expenses for the year ended December 31, 2025, were $70,095,000, up from $66,154,000 in 2024, indicating a 4.39% increase[42] - The efficiency ratio improved to 54.99% in Q4 2025, down from 56.06% in Q3 2025[38] Credit Losses - The provision for credit losses for Q4 2025 was $750,000, an increase of $100,000 from the prior quarter due to loan growth[23] - Provision for credit losses increased to $750,000 for the three months ended December 31, 2025, compared to $650,000 in the previous quarter[42] - The allowance for credit losses stood at $23,399,000 as of December 31, 2025, compared to $22,801,000 in the previous quarter[40] Growth and Expansion - The company plans to expand with new projects, including a new lending headquarters in Shreveport expected to be completed in summer 2026[10] - The bank operates 28 banking centers and two loan and deposit production offices across Louisiana[34] Equity and Valuation - Total stockholders' equity rose by $13.8 million, or 3.9%, from $351.3 million to $365.2 million, driven by $11.4 million in net income[30] - Total stockholders' equity increased to $365,150,000 as of December 31, 2025, compared to $351,311,000 in the previous quarter, reflecting a 3.77% growth[40] - The book value per share increased to $55.52 as of December 31, 2025, compared to $47.18 a year earlier, reflecting a growth of 17.73%[49] - Tangible common equity as of December 31, 2025, was $363,604 thousand, up from $318,193 thousand in 2024, indicating a growth of 14.26%[49] - The total stockholders' equity to assets ratio was 10.90% as of December 31, 2025, slightly down from 10.93% in the previous quarter, showing stability in capital structure[49]

Financial Performance - Operating revenues for the three months ended December 31, 2025, were $2,327.1 million, reflecting a 3% increase compared to $2,251.6 million in the same period of 2024[69]. - Net income attributable to Franklin Resources, Inc. for the same period was $255.5 million, a significant 56% increase from $163.6 million in the prior year[69]. - The company’s diluted earnings per share increased by 59% to $0.46 from $0.29 year-over-year[69]. - The adjusted operating income for the three months ended December 31, 2025, was $437.3 million, a 6% increase from $412.8 million in the prior year[69]. - Total operating revenues increased by 3% to $2,327.1 million for the three months ended December 31, 2025[84]. - Adjusted net income rose to $378.4 million in Q4 2025, compared to $320.5 million in Q4 2024, marking an increase of 18.0%[123]. - Diluted earnings per share increased to $0.46 in Q4 2025 from $0.29 in Q4 2024, a growth of 58.6%[123]. Assets Under Management (AUM) - Total assets under management (AUM) as of December 31, 2025, reached $1,684.0 billion, a 1% increase from September 30, 2025, and a 7% increase from December 31, 2024[66]. - Average AUM for the three months ended December 31, 2025, was $1,676.1 billion, a 3% increase from $1,634.5 billion in the same period of 2024[71]. - AUM by asset class showed a 12% increase in equity to $697.2 billion, while fixed income decreased by 7% to $437.7 billion[70]. - AUM in the United States increased by 8% to $1,195.7 billion as of December 31, 2025[77]. - Long-term inflows increased by 22% to $118.6 billion compared to the prior period, driven by higher inflows in equity open-end funds and alternative private funds[75]. - Long-term outflows decreased by 38% to $90.6 billion, primarily due to lower outflows across multiple fixed income vehicles[75]. Expenses and Cost Management - Total operating expenses for the three months ended December 31, 2025, were $2,046.1 million, a 1% increase from $2,032.6 million in 2024[1]. - Compensation and benefits expenses rose to $1,030.7 million, reflecting a 4% increase from $991.4 million in the prior year, driven by higher incentive compensation and annual salary increases[1][2]. - Sales, distribution, and marketing expenses totaled $540.9 million, a 6% increase from $512.3 million, mainly due to a rise in asset-based expenses[1][4]. - The company remains focused on expense management while investing strategically in systems and technology to support its evolving business[68]. Cash Flow and Investments - Operating cash flows for Q4 2025 were $(255.1) million, compared to $(145.2) million in Q4 2024, indicating a decline in cash flow[124]. - Cash and cash equivalents decreased to $2,636.6 million as of December 31, 2025, down from $3,050.1 million at September 30, 2025[127]. - The company has $500.0 million of short-term commercial paper available for issuance under an uncommitted private placement program[135]. - The total aggregate commitments under the Credit Agreement increased by $400.0 million to $1.5 billion as of December 31, 2025[133]. - The investment portfolio included $451.9 million in alternative investments, $344.1 million in equity investments, and $211.6 million in fixed income investments[143]. Acquisitions and Strategic Initiatives - The acquisition of Apera Asset Management, a pan-European private credit firm, was completed on October 1, 2025[67]. - The acquisition of Apera Asset Management was completed for €65.2 million, with potential additional payments of up to €125.0 million based on revenue targets[140]. Tax and Other Income - The effective income tax rate decreased to 23.2% from 25.9%, primarily due to excess tax benefits related to stock-based compensation and a higher proportion of foreign earnings in lower-tax jurisdictions[1][7]. - Other income, net increased to $170.8 million, an 81% rise from $94.2 million, largely due to gains on investments and a strategic investment dividend[1][6]. - Dividend and interest income increased by 27% to $54.6 million, driven by a dividend from a strategic investment[1][9]. Workforce and Employment - The global workforce decreased to approximately 9,900 employees from 10,100 in the prior year, reflecting cost-saving initiatives[1][8].

EXHIBIT 99.1 1 Contact: Franklin Resources, Inc. Investor Relations: Selene Oh (650) 312-4091, selene.oh@franklintempleton.com Media Relations: Jeaneen Terrio (212) 632-4005, jeaneen.terrio@franklintempleton.com investors.franklinresources.com FOR IMMEDIATE RELEASE Franklin Resources, Inc. Announces First Quarter Results San Mateo, CA, January 30, 2026 – Franklin Resources, Inc. (the "Company") [NYSE: BEN] today announced net income of $255.5 million or $0.46 per diluted share for the quarter ended December ...

Financial Performance - Oppenheimer Holdings Inc. reported a net income of $74.4 million for Q4 2025, a 593.1% increase from $10.7 million in Q4 2024, with revenue rising 25.9% to $472.6 million[1][2]. - For the full year 2025, net income reached $148.4 million, up 107.4% from $71.6 million in 2024, while revenue increased 14.4% to $1.6 billion[2]. - Total revenue for FY-25 was $591.3 million, a 32.0% increase from $447.6 million in FY-24[30]. - Pre-tax income for FY-25 was $56.2 million, compared to a loss of $39.6 million in FY-24[30]. - The effective tax rate improved to 29.9% in FY-25 from 32.6% in FY-24[37]. Segment Performance - Wealth Management segment revenue for Q4 2025 was $287.3 million, a 13.3% increase year-over-year, with pre-tax income rising 84.0% to $98.8 million[12][21]. - Capital Markets segment revenue for Q4 2025 was $182.9 million, a 53.3% increase compared to Q4 2024, with pre-tax income of $52.8 million compared to a loss of $5.0 million a year ago[16][19]. - The Capital Markets segment saw a significant increase in investment banking activity, with advisory fees from investment banking up 41.3% year-over-year[19]. - Investment banking revenue increased by 56.0% to $260.4 million from $166.8 million in the prior year[30]. - Equities underwriting fees surged by 163.8% compared to the prior year, reflecting higher new issuance activity in key sectors[32]. - Fixed income underwriting fees increased by $7.1 million, or 60.0%, due to a higher number of public finance transactions[32]. Expenses and Dividends - Compensation expenses increased to $260.1 million in Q4 2025, up from $256.4 million in Q4 2024, primarily due to higher production-related expenses[3][7]. - Non-compensation expenses for the full year 2025 rose to $410.4 million, reflecting higher underwriting and technology-related costs[3][7]. - Total expenses for FY-25 were $535.1 million, up 9.8% from $487.2 million in FY-24[30]. - The company declared a special dividend of $1.00 per share, payable in January 2026, and repurchased 46,292 shares at an average price of $64.36 during the year[7][9]. - The company announced a quarterly dividend of $0.18 per share for Q4 2025, payable on February 27, 2026[37]. Market Position and Outlook - Assets Under Management (AUM) reached a record $55.2 billion as of December 31, 2025, reflecting a $5.8 billion increase from the previous year due to market appreciation[15][21]. - The company remains well-positioned to navigate evolving market conditions and capitalize on opportunities across its businesses as it enters 2026[9]. - Retail commissions increased by 6.2% year-over-year, reaching a record high due to higher retail transaction volumes[26]. - Advisory fees rose by 14.9% from the prior year, driven by higher billable AUM and increased incentive fees from alternative investments[26].

Financial Performance - Net income for Q4 2025 was $492 million, down from $1,225 million in Q4 2024, with net income excluding identified items at $968 million compared to $1,225 million in the previous year[2][9] - Full-year estimated net income for 2025 was $3,268 million, down from $4,790 million in 2024, with net income excluding identified items at $4,299 million[2][33] - Net income for 2025 was $3,268 million, a decline of 31.5% compared to $4,790 million in 2024[59] - Net income for Q4 2025 was CAD 492 million, a decrease of 60% from CAD 1,225 million in Q4 2024[63] - Total revenues for Q4 2025 were CAD 11,280 million, down 10.5% from CAD 12,607 million in Q4 2024[63] - Upstream revenues decreased to CAD 3,599 million in Q4 2025 from CAD 4,686 million in Q4 2024, a decline of 23.2%[63] - Total revenues for 2025 were $47,078 million, down from $51,532 million in 2024, reflecting a decrease of approximately 8.5%[59] Cash Flow and Expenditures - Cash flows from operating activities increased to $1,918 million in Q4 2025, up from $1,789 million in Q4 2024, while cash flows excluding working capital were $1,260 million[3][9] - Cash flows from operating activities increased to $6,708 million in 2025 from $5,981 million in 2024, representing a growth of 12.2%[42] - Capital and exploration expenditures rose to $651 million in Q4 2025, compared to $423 million in Q4 2024[3][9] - Capital and exploration expenditures increased to CAD 651 million in Q4 2025, compared to CAD 423 million in Q4 2024, a rise of 54%[63] Shareholder Returns - The company returned $2,072 million to shareholders in Q4 2025, including $361 million in dividends and $1,711 million in share repurchases[6][9] - Quarterly dividend increased by 20% from $0.72 to $0.87 per share[6][9] - Dividends paid increased to $1,401 million in 2025 from $1,238 million in 2024, reflecting a rise of 13.2%[44] - The company plans to continue its share repurchase program, having received approval to buy up to 25,452,248 common shares from June 29, 2025, to June 28, 2026[45] Production and Operational Metrics - Upstream production averaged 444,000 gross oil-equivalent barrels per day in Q4 2025, a decrease from 460,000 barrels per day in Q4 2024, with Kearl production impacted by wet weather[4][9] - Gross crude oil production averaged 439,000 barrels per day in Q4 2025, a decrease from 455,000 barrels per day in Q4 2024[65] - Total crude oil production for the year 2025 was 433,000 barrels per day, an increase from 428,000 barrels per day in 2024[65] - Refinery throughput averaged 408,000 barrels per day in Q4 2025, slightly down from 411,000 barrels per day in Q4 2024, with capacity utilization at 94%[5][9] - Refinery throughput increased to 402 thousand barrels per day in 2025, up from 399 thousand barrels per day in 2024, indicating improved operational efficiency[39] - Petroleum product sales increased to 479,000 barrels per day in Q4 2025, up from 458,000 barrels per day in Q4 2024, driven by higher volumes in supply and retail channels[5][9] Costs and Expenses - Cash operating costs for Q4 2025 were CAD 2,552 million, an increase of 28.7% compared to CAD 1,984 million in Q4 2024; for the twelve months, cash operating costs rose to CAD 8,662 million from CAD 7,547 million, a 14.8% increase[81] - Total expenses for Q4 2025 were CAD 10,651 million, down from CAD 11,032 million in Q4 2024, while total expenses for the twelve months decreased to CAD 42,816 million from CAD 45,293 million[81] - The production and manufacturing costs in Q4 2025 were CAD 2,294 million, up 32.8% from CAD 1,729 million in Q4 2024; for the twelve months, these costs increased to CAD 7,269 million from CAD 6,599 million[82] - Unit cash operating costs for the Upstream segment in Q4 2025 were CAD 39.61 per oil-equivalent barrel, significantly higher than CAD 28.43 in Q4 2024[85] - The cash operating costs for the Upstream segment in Q4 2025 were CAD 1,618 million, compared to CAD 1,203 million in Q4 2024, reflecting a 34.5% increase[83] Impairments and Charges - Identified items for the year included a $320 million after-tax charge related to the Norman Wells end of field life acceleration and a $306 million after-tax non-cash impairment charge[33] - The company reported a non-cash impairment charge of $306 million after-tax related to the Calgary Imperial Campus in 2025[41] - The company reported an unfavorable one-time charge of CAD 109 million before-tax for Kearl and CAD 21 million before-tax for Cold Lake related to inventory optimization[87] Realizations and Exchange Rates - Average bitumen realizations decreased by $7.52 per barrel, while synthetic crude oil realizations decreased by $12.92 per barrel due to lower WTI prices[34] - The average foreign exchange rate was 0.72 in 2025, slightly down from 0.73 in 2024[36] - Average realizations for bitumen decreased to CAD 59.00 per barrel in Q4 2025 from CAD 71.58 per barrel in Q4 2024[65] Earnings Per Share - Net income per common share for Q4 2025 was CAD 1.00, down 57.8% from CAD 2.37 in Q4 2024, while the twelve-month net income per share decreased to CAD 6.48 from CAD 9.03[79] - The net income excluding identified items per common share for Q4 2025 was CAD 1.97, compared to CAD 2.37 in Q4 2024, indicating a decline of 16.9%[79]

Financial Performance - Net sales for the three months ended December 31, 2025, were $5,174 million, an increase of 9.1% from $4,743 million in the same period of 2024[85] - Gross profit margin improved to 37.3% for the current-year quarter, up from 36.3% in the prior-year quarter[85] - Selling, general and administrative expenses (SG&A) increased to $837 million, representing 16.2% of sales, compared to $782 million and 16.5% in the prior-year quarter[85] - Net income for the three months ended December 31, 2025, was $845 million, a decrease of 11% from $949 million in the same period of 2024[85] Segment Performance - The Diversified Industrial Segment reported net sales of $3,468 million for the three months ended December 31, 2025, an increase of 6.6% compared to $3,253 million in the prior-year quarter[96] - Aerospace Systems Segment net sales reached $1.706 billion in the current-year quarter, up from $1.490 billion in the prior-year quarter, with an operating margin of 26.0%[105][107] Tax and Financial Ratios - The effective tax rate for the current-year quarter was 20.6%, compared to 18.6% in the prior-year quarter[85] - The company expects the effective tax rate for fiscal 2026 to be approximately 22%[94] - As of December 31, 2025, the company maintained a debt to debt-shareholders' equity ratio of 0.41 to 1.0, well below the covenant limit of 0.65 to 1.0[124] Cash Flow and Investments - Cash provided by operating activities decreased by $35 million to $1.644 billion for the first six months of fiscal 2026 compared to the same period in fiscal 2025[116] - Net cash used in investing activities decreased by $1.6 billion, primarily due to $1.0 billion spent on the Curtis acquisition[117] Acquisitions and Divestitures - The acquisition of Curtis contributed approximately $74 million to net sales in the current-year quarter[85] - The company completed the acquisition of Curtis for approximately $1.0 billion on September 18, 2025, and announced an agreement to acquire Filtration Group for approximately $9.25 billion, expected to close within 6 to 12 months[129] - The company continues to assess existing businesses for potential divestitures that do not align with long-term strategic goals[129] Backlog and Sales Performance - The backlog for the Diversified Industrial Segment was $3,738 million as of December 31, 2025, unchanged from the prior-year period[96] - North America businesses sales increased by $58 million year-over-year, with a $41 million contribution from the Curtis acquisition and a $38 million decrease due to divestitures in the current-year quarter[98] - International businesses sales rose by $157 million year-over-year, with $33 million from the Curtis acquisition and $62 million from favorable currency exchange rates in the current-year quarter[99] - The backlog for the Diversified Industrial Segment increased from $3.7 billion as of June 30, 2025, driven by orders exceeding shipments[103] Operational Efficiency - Operating margin for the Diversified Industrial Segment improved due to favorable product mix and price increases, despite rising material costs[100] - Days sales outstanding for trade accounts receivable was 49 days as of December 31, 2025, compared to 51 days at June 30, 2025[119] Shareholder Returns - The company declared a quarterly cash dividend of $1.80 per share on October 22, 2025, marking 302 consecutive quarters of dividend payments and 69 consecutive years of annual increases[127] - The Board of Directors approved a share repurchase authorization of 20.0 million shares, with 19.3 million shares remaining available for repurchase as of December 31, 2025[128] Future Outlook and Risks - The company anticipates incurring approximately $40 million in additional business realignment charges in the remainder of fiscal 2026[102] - Capital expenditures are targeted at 2.5% of sales for the remainder of fiscal 2026, with a long-term annual target of 2.0%[126] - A 10% change in foreign exchange rates related to forward exchange contracts as of December 31, 2025, would affect earnings by approximately $125 million[138] - A 100 basis point increase in near-term interest rates would increase annual interest expense on variable rate debt by approximately $24 million[139] - The company aims to maintain an investment-grade credit profile, with long-term credit ratings of A from Fitch, A3 from Moody's, and BBB+ from S&P as of December 31, 2025[125] - Supply chain financing programs are in place to improve liquidity and working capital efficiency, with no significant impact anticipated on liquidity[130]

Financial Performance - Net income for Q4 2025 was $69.9 million, or $0.56 per diluted share[10]. - Net income for the year ended December 31, 2025, reached $276,266 thousand, an increase from $230,129 thousand in 2024, representing a growth of approximately 20%[25]. - Return on average total stockholders' equity was 10.07% for the three months ended December 31, 2025, compared to 9.00% for the same period in the previous year[43]. - Total stockholders' equity increased to $2,769,365 as of December 31, 2025, up from $2,617,486 a year earlier[43]. - The tangible book value per share increased to $14.46 from $12.83 year-over-year, indicating improved shareholder value[43]. Assets and Liabilities - Total assets were $24.0 billion as of December 31, 2025, a slight decrease from $24.1 billion at September 30, 2025[5]. - Total assets decreased slightly to $23,955,252 thousand as of December 31, 2025, from $24,098,728 thousand as of September 30, 2025[24]. - Average total assets as of December 31, 2025, were $23,925,000, slightly down from $23,996,723 in the previous year[43]. - Total deposits decreased by $213.9 million to $20.5 billion from the previous quarter[5]. - Total deposits were $20,515,668 thousand as of December 31, 2025, down from $20,729,557 thousand as of September 30, 2025[24]. Loans and Leases - Gross loans and leases increased by $183.1 million to $14.3 billion compared to the prior quarter[5]. - Total loans and leases increased to $14,312,529 thousand as of December 31, 2025, up from $14,129,383 thousand as of September 30, 2025[24]. - Net loans and leases increased to $14,144,061 as of December 31, 2025, up 1.3% from $13,964,114 as of September 30, 2025[26]. - Total Loans and Leases outstanding reached $14,312,529 thousand as of December 31, 2025, compared to $14,129,383 thousand in the previous quarter[39]. - Total loans and leases amounted to $14,264.6 million, with a yield of 5.45% for 2025, compared to a yield of 5.65% in 2024[30]. Income and Expenses - Net interest income for Q4 2025 was $170.3 million, up $1.0 million from $169.3 million in Q3 2025[6]. - The net interest margin increased by 2 basis points to 3.21% in Q4 2025[6]. - Net interest income for the three months ended December 31, 2025, was $170,302 thousand, compared to $169,331 thousand for the previous quarter[25]. - The interest rate spread for the three months ended December 31, 2025, was 2.55%, an increase from 2.44% for the three months ended September 30, 2025[27]. - The interest rate spread increased to 2.42% for the year ended December 31, 2025, up from 2.05% in 2024[32]. Credit Quality - The company recorded a provision for credit losses of $7.7 million in Q4 2025, compared to $4.5 million in Q3 2025[7]. - Total Non-Performing Assets increased to $41,028 thousand as of December 31, 2025, up from $30,933 thousand in the previous quarter, representing a 32.5% increase[38]. - Total Non-Accrual Loans and Leases rose to $41,028 thousand, compared to $20,679 thousand a year ago, marking a 98.5% year-over-year increase[38]. - The Allowance for Credit Losses at the end of the period was $168,468 thousand, up from $160,393 thousand a year earlier, reflecting a 5.5% increase[39]. - Net Loans and Leases Charged-Off for the year totaled $16,275 thousand, compared to $13,648 thousand in the previous year, indicating a 19.1% increase[39]. Stockholder Actions - The company adopted a stock repurchase program for up to $250.0 million of its outstanding common stock[3]. - Stockholders' equity increased to $2,769,365 as of December 31, 2025, up from $2,733,921 as of September 30, 2025[26]. Branch and Operational Metrics - The number of branches remained stable at 49 as of December 31, 2025, consistent with the previous quarter[24]. - Interest-bearing deposits totaled $13,842.7 million for the three months ended December 31, 2025, with an average yield of 1.90%[27].

Financial Performance - Alpha reported a preliminary net loss of $17.3 million, or $1.34 per diluted share, for Q4 2025[5]. - Adjusted EBITDA for the fourth quarter was $28.5 million, excluding approximately $6 million in non-recurring costs due to mine recovery issues[6][3]. - Total coal revenues for the fourth quarter reached $519.1 million, with non-GAAP coal revenues of $436.3 million after excluding freight and handling[7][27]. - The company sold 3.8 million tons of coal in Q4 2025, with a realized pricing of $115.31 per ton[8][9]. - The cost of coal sales for the Met segment was $478.5 million, resulting in a non-GAAP cost of coal sales of $383.8 million, or $101.43 per ton[12][27]. - Alpha's coal margin for the Met segment was reported at $52.5 million, or $13.87 per ton, indicating a positive non-GAAP coal margin despite a GAAP coal margin loss[27]. Liquidity and Shareholder Actions - As of December 31, 2025, Alpha had total liquidity of $524.3 million, including cash and cash equivalents of $366.0 million[13]. - The board authorized a share repurchase program of up to $1.5 billion, with approximately $1.1 billion spent to acquire 6.9 million shares to date[14][15]. Future Announcements - The company plans to announce definitive Q4 2025 financial results on February 27, 2026, and will hold a conference call on the same day[18]. Revenue Breakdown - Total met coal segment revenues reached $415,947,000, with an average realization of $118.10 per ton sold[28]. - Export coal sales accounted for 50% of total met coal tons sold, generating $187,642,000 in revenues[28]. - Domestic coal sales contributed $116,913,000, representing 22% of total met coal tons sold[28]. - Australian indexed export coal sales generated $111,392,000, making up 28% of total met coal tons sold[28]. - Non-GAAP coal revenues totaled $436,330,000, with an average realization of $115.31 per ton[28]. - Freight and handling fulfillment revenues added $82,730,000 to total coal revenues[28]. - The company sold a total of 3,784 thousand tons of coal during the quarter[28]. - The met segment also included thermal coal sales of 262 thousand tons, generating $20,383,000 in revenues[28]. - The average realization for thermal coal was $77.80 per ton sold[28].