SCOTTSDALE MCCORMICK RANCH SURGICENTER

employed at the end of the Plan’s year end. The profit sharing contribution is applicable to all eligible employees. Participants' elective contributions, as well as the Company's matching contributions, profit sharing contributions and transition credit contributions are invested in the Plan's investment funds as directed by the participant. In the absence of direction from the participant, the account is invested in an age-appropriate target date fund. Participant Accounts Each participant’s account is credited with the participant’s contribution, the employer’s contribution made on their behalf, plus a proportionate interest in the investment earnings of the funds in which the contributions are invested. The benefit to which a participant is entitled is the benefit that can be provided

tributions are invested. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account balance. Vesting Participants are immediately vested in their contributions, the Company match, and all related earnings. Any applicable 3 % annual profit sharing and transition credit contributions vest when an employee has 3 years of service or reaches age 55, if sooner. Notes Receivable from Participants Participants are permitted to take loans from their account balances, subject to a $ 500 minimum. The maximum of any loan cannot exceed one-half of the participant’s contributed account balance or $ 50,000 , less the highest outstanding loan balance during the prior 12 months, whichever is less. The interest rate applied to the loans is the cu

% of an employee’s contribution and 66-2/3% on the next 3 % of the employee’s contribution. Matching Plan contributions are applied as employee contributions occur. Employees are automatically enrolled in the 401(k) plan at 2 %; however, they can opt out or elect to change the percentage at any time. If the employee does not make a positive election to change the percentage, the contribution rate is increased by 1 % per year (up to a maximum of 10 % or the IRS contribution limit). McCormick also makes an annual profit sharing contribution of 3 % of eligible earnings to participants’ accounts if participants are employed at the end of the Plan’s year end. The profit sharing contribution is applicable to all eligible employees. Participants' elective contributions, as well as the Company's

ntributions $ 34,100,738 Employee contributions 37,391,536 Rollovers 6,641,608 Total contributions $ 78,133,882 Total $ 199,269,444 Deductions: Participant withdrawals 103,076,242 Administrative expenses 808,516 Total $ 103,884,758 Net increase $ 95,384,686 Net Assets Available for Benefits, Beginning of Year 968,188,962 Net Assets Available for Benefits, End of Year $ 1,063,573,648 The accompanying notes are an integral part of this financial statement. 4 Table of Contents THE MCCORMICK 401(K) RETIREMENT PLAN Notes to the Financial Statements December 31, 2025 and 2024 1. DESCRIPTION OF THE PLAN General The McCormick 401(k) Retirement Plan (the Plan) is sponsored by McCormick & Company, Incorporated (the Company, McCormick or the Plan Sponsor), which incorporates a 401(k) savings and inve