ROPER PERSONNEL SERVICES INC

pants’ contributions and related investment earnings become vested at the time they are credited to the participants’ accounts. In addition, employees vest immediately in employer-matching contributions. Discretionary profit-sharing contributions vest according to the following schedule: ​ ​ ​ ​ ​ Years of Vesting Service ​ ​ ​ Percentage Vested and Non-forfeitable ​ Less than 2 — % ​ ​ ​ ​ 2 20 ​ ​ ​ ​ ​ 3 40 ​ ​ ​ ​ ​ 4 60 ​ ​ ​ ​ ​ 5 80 ​ ​ ​ ​ ​ 6 or more 100 ​ ​ Payment of Benefits Upon separation from service with the Company due to death, disability, retirement or termination, a participant, or their beneficiary whose vested account balance exceeds $ 5,000 may elect to receive either a lump sum or may elect installment payments. A participant whose vested account balance is $ 5,000

ccounts. In addition, employees vest immediately in employer-matching contributions. Discretionary profit-sharing contributions vest according to the following schedule: ​ ​ ​ ​ ​ Years of Vesting Service ​ ​ ​ Percentage Vested and Non-forfeitable ​ Less than 2 — % ​ ​ ​ ​ 2 20 ​ ​ ​ ​ ​ 3 40 ​ ​ ​ ​ ​ 4 60 ​ ​ ​ ​ ​ 5 80 ​ ​ ​ ​ ​ 6 or more 100 ​ ​ Payment of Benefits Upon separation from service with the Company due to death, disability, retirement or termination, a participant, or their beneficiary whose vested account balance exceeds $ 5,000 may elect to receive either a lump sum or may elect installment payments. A participant whose vested account balance is $ 5,000 or less and has not commenced receiving installment payments will automatically receive an immediate lump-sum distribut

ion of 60 days of active employment and upon reaching age 21 . Each year, participants may contribute from 1 % to 50 % of their before-tax compensation, as defined in the Plan. If automatically enrolled, a participant’s deferral is set at 3 % of his or her eligible compensation and will increase 1 % annually, with a maximum automatic contribution of 10 % of eligible compensation, unless changed by the participant. Contributions are subject to maximum limitations, as defined in the Internal Revenue Code (the Code). Employer Contributions For the purpose of receiving the employer match and any discretionary employer contribution, an employee becomes eligible on the first day of the month coincident with or following completion of one year of eligible service (at least 1,000 hours of employme

5,332 Interest and dividends ​ 2,038,216 Net appreciation in fair value of investments ​ 94,692,747 Total additions ​ 139,418,393 ​ ​ ​ ​ Deductions ​ ​ Benefits paid ​ 61,814,920 Administrative expenses ​ 880,264 Total deductions ​ 62,695,184 ​ ​ ​ ​ Net increase ​ 76,723,209 ​ ​ ​ ​ Net assets available for benefits: ​ ​ Beginning of year ​ 597,638,417 End of year ​ $ 674,361,626 ​ See accompanying notes. ​ 6 Table of Contents Simon Property Group and Adopting Entities Matching Savings Plan Notes to Financial Statements December 31, 2025 1. Description of the Plan The following description of the Simon Property Group and Adopting Entities Matching Savings Plan (the Plan) provides general information about the Plan’s provisions. Simon Property Group, L.P. and affiliated companies (the Emp

le U.S. employees who are not provided retirement benefits through a collective bargaining agreement may make contributions through payroll deductions and to which we make certain matching contributions. Ethics and Compliance All of our employees are subject to Quanta’s Code of Conduct, which addresses compliance with applicable laws and Quanta’s policies concerning, among other things, general business ethics, competition, anti-corruption and bribery, environmental protection, conflicts of interest, harassment and discrimination, data security and privacy, and insider trading. Quanta’s Code of Conduct also informs employees and third parties (such as suppliers, subcontractors and members of the public) about the resources and confidential reporting mechanisms available to detect, prevent

law. Quanta may also make discretionary employer contributions to such plan. Matching contributions vest immediately, and discretionary employer contributions may be subject to a vesting schedule determined at the time of the contribution, provided that vesting accelerates upon a change in control or the participant’s death or retirement. All matching and discretionary employer contributions, whether vested or not, are forfeited upon a participant’s termination of employment for cause or upon the participant engaging in competition with Quanta or any of its affiliates. As of December 31, 2025 and 2024, the liability related to deferred cash compensation under these plans, including amounts contributed by Quanta, was $ 126.1 million and $ 110.2 million, the majority of which was included i

2 20.1 % Gross profit 4,275,081 15.0 3,510,761 14.8 764,320 21.8 % Equity in earnings of integral unconsolidated affiliates 55,635 0.2 50,484 0.2 5,151 10.2 % Selling, general and administrative expenses (2,189,209) (7.7) (1,824,754) (7.7) (364,455) 20.0 % Amortization of intangible assets (498,795) (1.7) (382,959) (1.6) (115,836) 30.2 % Increase in fair value of contingent consideration liabilities (31,203) (0.1) (7,064) — (24,139) 341.7 % Operating income 1,611,509 5.7 1,346,468 5.7 265,041 19.7 % Interest and other financing expenses (261,445) (1.0) (202,687) (0.9) (58,758) 29.0 % Interest income 15,702 0.1 32,404 0.1 (16,702) (51.5) % Other income, net 23,739 0.1 35,845 0.2 (12,106) (33.8) % Income before income taxes 1,389,505 4.9 1,212,030 5.1 177,475 14.6 % Provision for income taxe