GEO. A. MUELLER BEER COMPANY

s. Participants direct the investment of their contributions into various investment options offered by the Plan. The Company may contribute to the Plan either annual or bi-weekly matching contributions on behalf of participants who made elective deferrals during such period in an amount determined annually by the Company’s management. The Company may, at its discretion, designate a different matching contribution formula for participants at each separate work site, and/or participants with different job classifications. In order to be entitled to an allocation of the Company’s discretionary annual matching contribution, participants, as defined under the Plan, must be employed on the last day of the Plan year. Also, the Company, at its discretion, may make a non-elective contribution to t

1 %. Generally, principal and interest is paid ratably through monthly payroll deductions. Vesting Participants fully vest in the Company’s contributions upon completion of three years of vesting service, as defined in the Plan. Additionally, Company contributions become fully vested upon normal retirement age, as defined by the Plan, death, or termination of employment as a result of a total or permanent disability. See vesting schedule below: Years of Vesting Service Vested Interest Less than 3 0 % 3 or more 100 % 6 Forfeited Accounts At December 31, 2025 and 2024, forfeited non-vested amounts totaled approximately $ 776,000 and $ 949,000 , respectively. Any non-vested portion of matching contributions credited to the accounts of participants who withdraw prior to becoming fully vested

butions: Participant 31,205,387 Company 10,019,952 Rollover 2,048,209 Total contributions 43,273,548 Total additions 82,226,450 Deductions Benefits paid to participants 36,769,368 Administrative expenses 693,065 Total deductions 37,462,433 Net increase in net assets available for benefits 44,764,017 Net assets available for benefits, beginning of year 276,182,156 Net assets available for benefits, end of year $ 320,946,173 The accompanying notes are an integral part of this financial statement. 5 THE GEO SAVE 401(K) PLAN Notes to Financ ial Statements December 31, 2025 and 2024 Note 1 - Plan Description The GEO Save 401(k) Plan (the “Plan”) is a defined contribution plan sponsored by GEO Group, Inc. (the “Company”). The Plan is subject to the provisions of the Employee Retirement Income Se

equals the fair value of the Company’s stock on the grant date and is amortized into compensation expense on a straight-line or accrual basis over its vesting period based on its vesting schedule. The weighted average grant-date fair value of awards granted during 2025, 2024, and 2023 was $ 77.30 , $ 62.91 , and $ 36.88 , respectively. The aggregate intrinsic value of outstanding and unvested awards was $ 36.0 million at December 27, 2025. The total fair value of awards that vested was $ 3.4 million, $ 4.8 million, and $ 7.7 million in 2025, 2024, and 2023, respectively. F-58 Performance Stock Awards Performance stock awards require achievement of certain performance criteria which are predefined by the Compensation Committee of the Board of Directors at the time of grant. The fair value

posed of certain operating segments that are aggregated primarily by the nature of products offered. These are the Piping Systems, Industrial Metals, and Climate segments. Certain administrative expenses and expenses related primarily to retiree benefits at inactive operations are combined into the Corporate and Eliminations classification. Financial information concerning segments and geographic information appears under “ Note 3 – Segment Information ” in the Notes to Consolidated Financial Statements, which is incorporated herein by reference. New housing starts and commercial construction are important determinants of our sales to the heating, ventilation, and air-conditioning (HVAC), refrigeration, and plumbing markets because the principal end use of a significant portion of our prod