FRP HOLDINGS, INC.

For the period ended Dec 31, 2025. Filed Apr 15, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Apr 15, 2026

FRPH$19.00-4.2%Stored close · as of Nov 10, 2026

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Contents

Consolidated statements of income

CONSOLIDATED STATEMENTS OF INCOME – Years ended December 31

(in thousands, except per share amounts)

	Years Ended December 31,
	2025	2024	2023
Revenues:
Lease revenue	$28,252	28,922	28,979
Mining royalty and rents	14,380	12,852	12,527
Joint venture management fee revenue	214	—	—
Total revenues	42,846	41,774	41,506
Cost of operations:
Depreciation, depletion and amortization	10,959	10,187	10,821
Operating expenses	10,297	7,170	7,364
Property taxes	3,907	3,437	3,650
General and administrative	10,655	9,276	7,971
Total cost of operations	35,818	30,070	29,806
Total operating profit	7,028	11,704	11,700
Net investment income	8,824	11,112	10,897
Interest expense	(2,967)	(3,150)	(4,315)
Equity in loss of joint ventures	(9,105)	(11,359)	(11,937)
Gain on sale of real estate and other income	—	182	53
Income before income taxes	3,780	8,489	6,398
Provision for income taxes	818	2,029	1,516
Net income	2,962	6,460	4,882
(Loss) gain attributable to noncontrolling interest	(368)	75	(420)
Net income attributable to the Company	$3,330	6,385	5,302
Earnings per common share:
Net income attributable to the Company -
Basic	$0.18	0.34	0.28
Diluted	$0.18	0.34	0.28
Number of shares (in thousands) used in computing:
-basic earnings per common share	18,967	18,882	18,840
-diluted earnings per common share	19,015	18,970	18,922

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