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Lineage, Inc.

For the period ended Dec 31, 2025. Filed Feb 25, 2026.

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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 Feb 25, 2026

LINE$39.66+1.4%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Equity method investments

(7)Equity method investments

The Company's beneficial ownership in investments accounted for under the equity method ranges from 8.8% to 50.0%. The Company has certain investments with beneficial ownership interests of less than 20% that are accounted for under the equity method, as the Company's beneficial ownership interests in these entities are similar to partnership interests.

The carrying values of the Company's investments accounted for under the equity method were as follows:

(in millions)December 31, 2025December 31, 2024
Emergent Cold LatAm Holdings, LLC$85$76
Other investments4648
Total equity method investments$131$124

Emergent Cold LatAm Holdings, LLC

The Company acquired a 10.0% interest in Emergent Cold LatAm Holdings, LLC (“LatAm”) in July 2021. Due to additional LatAm capital raising activities that have occurred since, the Company’s ownership percentage was 8.8% as of both December 31, 2025 and 2024. LatAm is organized in the Cayman Islands. The Company has committed to invest up to a total of $108 million in LatAm. The Company has invested a total of $99 million in LatAm to date, of which the Company invested $9 million, $20 million, and $31 million during the years ended December 31, 2025, 2024, and 2023, respectively. The Company has an option to purchase the remaining equity interests in LatAm until July 2027. As of December 31, 2025, the Company has not exercised this option.

Other investments

The Company also holds beneficial ownership interests in other immaterial equity method investees.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.