🧾 What This Document Is

This is a press release (Exhibit 99.1) attached to an 8-K filing. It announces Boston Omaha's full-year financial results for 2025. Companies file 8-Ks to notify investors of major events, and attaching a detailed press release is a common way to share earnings news.

👉 Why it matters: It's the official, detailed breakdown of how the company performed over the entire year, giving investors the data they need to assess its health.

🏢 What The Company Does

Boston Omaha is a holding company, meaning it owns and runs a portfolio of different businesses. It has four main majority-owned segments:

• Outdoor Advertising (billboards)
• Broadband Telecommunications (internet services)
• Surety Insurance (a type of guarantees insurance)
• Asset Management

👉 In simple terms, think of it like a mini-conglomerate with businesses in different industries, all under one corporate umbrella.

💰 Financial Highlights

Here are the key numbers from 2025, compared to 2024:

• Total Revenue: $290.3 million (up 17% from $247.7 million in 2024).
• Net Income: $30.6 million (up 27% from $24.0 million in 2024).
• Broadband Segment Revenue: This was the largest segment, growing 25% to $160.1 million. This growth was a major driver for the company's overall revenue increase.

👉 The takeaway: The company grew its sales and profit meaningfully year-over-year, with its broadband internet business leading the charge.

🚀 Key Moves & Performance

The results highlight the relative performance of its different "engines":

• Star Performer: The broadband business had a very strong year, showing the highest growth rate and being the biggest revenue contributor.
• Solid Contributors: The outdoor advertising and surety insurance segments also contributed to the overall results.
• The Engine Room: The company directs resources from these businesses to fuel further growth and returns, a process it calls "capital allocation."

👉 Why it matters: It shows where the company's growth is coming from (broadband) and how well its diversified model is working.

📦 Financial Position

The filing points investors to the full Annual Report (10-K) and a supplemental presentation for deep details. However, the press release signals two important shifts in the company's balance sheet from 2024 to 2025:

• Cash Decreased: Cash and investments dropped from $236.3 million to $192.3 million.
• Debt Increased: Total debt rose from $358.8 million to $447.1 million.

👉 The signal: The company used some of its cash and took on more debt, likely to fund its operations, investments, or acquisitions during the year.

🔮 What's Next

While the press release doesn't give specific future guidance, it strongly emphasizes its investor relations website as the central hub for all future information. The structure of the announcement implies the company will continue executing its strategy of growing its four core businesses.

👉 The direction: Investors should watch the investor site for updates on how the broadband expansion continues, how the other segments perform, and how the company manages its increased debt level.

⚖️ The Big Picture

👍 Strengths:

• Demonstrated strong revenue and profit growth.
• A diversified business model that isn't reliant on a single industry.
• A standout high-growth segment in broadband.

⚠️ Risks & Considerations:

• The increase in debt levels requires monitoring.
• The company operates in several competitive industries.
• As a holding company, its success depends on the management of all its disparate parts.

🧠 The Analogy

Boston Omaha is like a multi-tool. It has several different tools (businesses) in one package. In 2025, the "broadband knife" was exceptionally sharp and got the most use, helping the whole tool perform better. The company added a bit more "weight" (debt) to the tool to keep it functional and ready for future tasks.

📇 Key Contacts & People

• Josh Weisenburger
  Phone: 402-210-2633
  Email: [email protected]

🧩 Final Takeaway

Boston Omaha delivered solid growth in 2025, powered by its broadband internet business, but funded this growth partly through increased borrowing. The key for investors now is to monitor how effectively that borrowed capital is used to generate future returns.