COMBS, TENNANT & CARPENTER, P.C.

s defined. Additionally, the Company may elect to contribute a discretionary annual contribution subject to company performance and based on certified earnings as defined. True up matching contributions were made by the Company for the year ended December 31, 2025 in the amount of $ 270,375 . The Company made no discretionary annual contributions for the year ended December 31, 2025. Participants may also rollover amounts into the Plan representing distributions from other qualified retirement plans. Vesting Participants are 100 percent vested in their account balance. Plan Benefits As participants are fully vested at all times, benefits to participants are equal to their account balances. Upon retirement, death, disability or separation from service, a distribution may be made to the part

the Plan representing distributions from other qualified retirement plans. Vesting Participants are 100 percent vested in their account balance. Plan Benefits As participants are fully vested at all times, benefits to participants are equal to their account balances. Upon retirement, death, disability or separation from service, a distribution may be made to the participant or beneficiary equal to the participant's account balance. Employees are able to withdraw part or all of their account balance upon attainment of age 59 1/2. Loans and in-service withdrawals for hardships are also available. A participant distribution or withdrawal from the Plan generally is subject to federal income tax and may be subject to an early withdrawal penalty, unless rolled over to a qualified plan or an ind

nd ERISA. Plan Amendments Effective January 1, 2025, the Company adopted the Thirteenth and Fourteenth Amendments to the Plan. These amendments, among other matters, increased the automatic enrollment default contribution rate from 4 % to 6 %, effective for employees hired on or after January 1, 2025, subject to automatic annual escalation unless the participant elects otherwise; revised the Plan's required minimum distribution provisions to reflect changes under the SECURE Act and SECURE Act 2.0; and modified the involuntary cash-out threshold to $ 7,000 , including clarification regarding rollover contributions and automatic rollover provisions. 6 Table of Contents Tennant Company Retirement Savings Plan Notes to Financial Statements December 31, 2025 and 2024 Note 2. Summary of Signific

r) 5,429,126 Total contributions 25,638,129 Total increase 94,887,702 Deductions From Net Assets Available for Benefits Attributed to: Distributions to participants ( 58,357,821 ) Administrative expenses ( 363,575 ) Total deductions ( 58,721,396 ) Net increase in net assets 36,166,306 Net assets available for benefits: Beginning of year 450,226,951 End of year $ 486,393,257 See Accompanying Notes to Financial Statements. 4 Table of Contents Tennant Company Retirement Savings Plan Notes to Financial Statements December 31, 2025 and 2024 Note 1. Plan Description The following brief description of the Tennant Company Retirement Savings Plan (the "Plan") is provided for general information purposes only. Participants should refer to the Plan document for more complete information regarding the

articipant is entitled is the benefit that can be provided from the participant's vested account. Vesting All contributions and plan earnings or losses thereon are immediately and fully vested and non-forfeitable. 5 Table of Contents Carpenter Technology 401(k) Retirement Plan Notes to Financial Statements December 31, 2025 and 2024 Notes Receivable from Participants Participants may borrow from their accounts a minimum of $ 1,000 up to a maximum equal to the lesser of $ 50,000 minus the amount of the highest outstanding loan balance on any plan loan during the preceding twelve months, or 50 % of their vested account balance minus the current outstanding balance on any other plan loan. Terms range from one to five years for a general purpose loan, and one to ten years for a primary residen

s from other qualified benefit plans. Participant contributions to the Plan are recorded in the period that payroll deductions are made from the participants. The Plan includes an auto-enrollment provision whereby all new eligible employees are automatically enrolled in the Plan unless they affirmatively elect not to participate in the Plan. Automatically enrolled participants have their deferral rate set at 4 % of eligible compensation. Deferrals will automatically increase by 1 % annually and will continue to increase 1 % annually until a deferral rate of 15 % is attained. The Company contributes an amount equal to 3 % of each participant's base pay and a matching contribution of up to 6 %, as defined by the plan document. Participants direct the investment of all contributions into vari

ts 1,487 Contributions: Participants 34,858 Participant rollovers 2,239 Employer 29,135 Total contributions 66,232 Total additions 232,040 Benefits paid to participants ( 83,630 ) Administrative expenses ( 856 ) Total deductions ( 84,486 ) Net increase in net assets available for benefits 147,554 Transfers in 12 Net assets available for benefits, beginning of year 885,360 Net assets available for benefits, end of year $ 1,032,926 See accompanying notes to financial statements. 4 Table of Contents Carpenter Technology 401(k) Retirement Plan Notes to Financial Statements December 31, 2025 and 2024 1. Description of the Plan The following description of the Carpenter Technology 401(k) Retirement Plan (the "Plan") provides general information. A more complete description of the Plan's provisio