WESTWOOD PACIFIC

and retirement plan contributions for the periods presented (in thousands): Years ended December 31, 2025 2024 2023 Profit-sharing contributions, net $ 496 $ — $ — Retirement plan matching contributions 1,821 1,737 1,616 9. INCOME TAXES: Income Tax Provision 22 WESTWOOD HOLDINGS GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) The components of our income before income taxes and the provision (benefit) for income taxes are as follows (in thousands): Years ended December 31, 2025 2024 2023 U.S. $ 9,676 $ 4,024 $ 12,419 Canada 1 ( 5 ) ( 27 ) Total $ 9,677 $ 4,019 $ 12,392 Current taxes: U.S. Federal $ 2,103 $ 2,664 $ 1,370 State and local 705 658 466 Total current taxes 2,808 3,322 1,836 Deferred taxes: U.S. Federal ( 155 ) ( 1,359 ) 1,014 State and local ( 53 ) ( 159 ) 2

a defined contribution and profit-sharing plan that was established in July 2002 and covers substantially all employees. Discretionary employer profit-sharing contributions become fully vested after four years of service by the participant. For U.S. employees, Westwood provides a 401(k) match of up to 6 % of eligible compensation and contributions vest immediately. The following table displays our profit-sharing and retirement plan contributions for the periods presented (in thousands): Years ended December 31, 2025 2024 2023 Profit-sharing contributions, net $ 496 $ — $ — Retirement plan matching contributions 1,821 1,737 1,616 9. INCOME TAXES: Income Tax Provision 22 WESTWOOD HOLDINGS GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) The components of our income before

s Professional services expenses generally consist of costs associated with sub-advisory fees, audit, legal and other professional services. General and Administrative General and administrative expenses generally consist of costs associated with the lease of office space, amortization, depreciation, insurance, custody expense, Directors' fees, investor relations, licenses and fees, office supplies and other miscellaneous expenses. (Gain) loss from change in fair value of contingent consideration (Gain) loss from change in fair value of contingent consideration consists of fair value adjustments related to contingent consideration from the Salient Acquisition, with gains representing reductions in value and losses representing increases in value. Acquisition expenses Acquisition expenses c