GEO GROUP INC

Share Repurchase Program

On October 5, 2026, we announced that our Board of Directors approved a $750 million increase to our share repurchase program, from $500 million to $1.25 billion, which is effective through December 31, 2029.

As of November 5, 2026, we had repurchased approximately 10.1 million shares of GEO common stock at an aggregate cost of approximately $177 million under our $1.25 billion share repurchase authorization, bringing our current outstanding share count to approximately 132 million and leaving approximately $1.07 billion of repurchase authorization available under the share repurchase program.

Repurchases of GEO’s outstanding common stock will be made in accordance with applicable securities laws and may be made at our senior management’s discretion from time to time in the open market, by block purchase, through privately negotiated transactions, pursuant to a trading plan, or otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The authorization for the share repurchase program may be extended, increased, decreased, suspended or terminated by our Board of Directors in its discretion at any time.

Repurchases of our common stock (and the timing thereof) will depend upon market conditions, regulatory requirements, the Company’s existing obligations, including our Credit Agreement, other corporate liquidity requirements and priorities and other factors as may be considered in the Company’s sole discretion. The authorization for the share repurchase program does not obligate GEO to purchase any particular amount of the Company’s common stock.