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ASHLAND INC.

For the period ended Jun 30, 2026. Filed Jul 29, 2026.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Jul 29, 2026

ASH$77.70+1.4%Stored close · as of Nov 9, 2026

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Item 1A. RISK FACTORS

During the period covered by this report, there were no material changes from the risk factors previously disclosed in Ashland’s Annual Report on Form 10-K for the fiscal year ended September 30, 2025.

Share repurchase activity during the three months ended June 30, 2026 was as follow:

Issuer Purchases of Equity Securities
Q3 Fiscal Periods · Total Numberof SharesPurchased · Average PricePaid Per Share,includingcommission · Total Numberof SharesPurchased asPart of PubliclyAnnouncedPlans orPrograms · Dollar Value ofShares that MayBe PurchasedUnder the Plansor Programs(in millions)(a)
April 1, 2026 to April 30, 2026—$——$520
May 1, 2026 to May 31, 2026———520
June 1, 2026 to June 30, 2026———520
Total——$520

(a)

On June 28, 2023, Ashland's board of directors authorized a new evergreen $1 billion common share repurchase program (2023 Stock Repurchase Program). The new authorization terminated and replaced the 2022 Stock Repurchase Program, which had $200 million outstanding at the date of termination. As of June 30, 2026, $520 million remained available for repurchase under this authorization.

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