SLND

EX-99.1

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EXHIBIT 99.1

Exhibit 99.1

Southland Announces Second Quarter 2026 Results

GRAPEVINE, Texas, August 12, 2026 -- Southland Holdings, Inc. (NYSE American: SLND and SLND WS) (“Southland”), a leading provider of specialized infrastructure construction services, today announced financial results for the quarter ended June 30, 2026.

● Revenue of $113.3 million for the quarter ended June 30, 2026, compared to $215.4 million for the quarter ended June 30, 2025.

● Gross loss of $71.2 million for the quarter ended June 30, 2026, compared to $13.0 million in gross profit for the quarter ended June 30, 2025.

● Gross profit margin of (62.9)% for the quarter ended June 30, 2026, compared to 6.0% gross profit margin for the quarter ended June 30, 2025.

● Net loss attributable to stockholders of $84.3 million, or $(1.55) per share for the quarter ended June 30, 2026, compared to a net loss attributable to stockholders of $10.3 million, or $(0.19) per share for the quarter ended June 30, 2025.

● EBITDA of $(73.4) million for the quarter ended June 30, 2026, compared to $4.2 million for the quarter ended June 30, 2025.(1)

● Backlog of $1.68 billion.(1)

“Our results this quarter were largely impacted by unfavorable non-cash adjustments related to legacy disputes,” said Frank Renda, Southland’s President & Chief Executive Officer. “Despite that impact, we continue to work toward finalizing a comprehensive financing agreement and credit amendment with our surety partners, and we’re encouraged by their continued support and the confidence they’ve shown in our strategic plan. At the same time, we remain focused on capturing new opportunities in our core markets — most recently reflected in the Winnipeg North End Sewage Treatment Plant award we announced in July, which reinforces the strength of our core business as we work through this transition.”

(1) Please refer to “Non-GAAP Measures” and reconciliations for our non-GAAP financial measures, including, “EBITDA” and “Backlog”

2026 Second Quarter Results

Condensed Consolidated Statements of Operations (unaudited)

Three Months Ended

(Amounts in thousands)

June 30, 2026

June 30, 2025

Revenue

$ 113,306

$ 215,382

Cost of construction

184,539

202,414

Gross profit (loss)

(71,233 )

12,968

Selling, general, and administrative expenses

16,705

13,572

Operating loss

(87,938 )

(604 )

Gain on investments, net

67

59

Other income, net

6,447

577

Interest expense

(7,336 )

(9,983 )

Losses before income taxes

(88,760 )

(9,951 )

Income tax expense (benefit)

(1,612 )

(61 )

Net loss

(87,148 )

(9,890 )

Net income (loss) attributable to noncontrolling interests

(2,881 )

416

Net loss attributable to Southland Stockholders

$ (84,267 )

$ (10,306 )

Net loss per share attributable to common stockholders

Basic(1)

$ (1.55 )

$ (0.19 )

Diluted(1)

$ (1.55 )

$ (0.19 )

Weighted average shares outstanding

Basic(1)

54,248,867

54,008,088

Diluted(1)

54,248,867

54,008,088

(1) Basic net loss per share is the same as diluted net loss per share attributable to common stockholders for the three months ended June 30, 2026, and June 30, 2025, because the inclusion of potential shares of common stock would have been anti-dilutive for the period presented.

Revenue for the three months ended June 30, 2026, was $113.3 million, a decrease of $102.1 million, or 47.4%, compared to the three months ended June 30, 2025. Materials & Paving business contributed $11.7 million to revenue in the three months ended June 30, 2026. The decrease in revenue is primarily due to unfavorable changes in estimates related to certain unresolved contract modifications and claims. During the three months ended June 30, 2026, we performed a comprehensive reassessment of expected recoverability of claims on several projects, including substantially completed projects, in light of recent developments and updated information available regarding the timing and amount of potential recoveries. As a result of this reassessment, we reduced the estimated value of certain claims and recorded cumulative catch-up adjustment that negatively impacted revenue and gross profit for the quarter of $102.3 million and $93.6 million, respectively.

Gross loss for the three months ended June 30, 2026, was $71.2 million compared to gross profit of $13.0 million for the three months ended June 30, 2025. Gross margin decreased from 6.0% to (62.9)% for the three months ended June 30, 2026, compared to the three months ended June 30, 2025. Materials & Paving business negatively impacted gross profit by $16.3 million in the three months ended June 30, 2026.

Selling, general, and administrative costs for the three months ended June 30, 2026, were $16.7 million, an increase of $3.1 million, or 23.1%, compared to the three months ended June 30, 2025. Selling, general, and administrative costs as a percent of revenue were 14.7% for the three months ended June 30, 2026, compared to 6.

EX-99.1

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EXHIBIT 99.1

Exhibit 99.1

Southland Announces First Quarter 2026 Results

GRAPEVINE, Texas, May 12, 2026 – Southland Holdings, Inc. (NYSE American: SLND and SLND WS) (“Southland”), a leading provider of specialized infrastructure construction services, today announced financial results for the quarter ended March 31, 2026.

● Revenue of $172.4 million for the quarter ended March 31, 2026, compared to $239.5 million for the quarter ended March 31, 2025.

● Gross loss of $4.8 million for the quarter ended March 31, 2026, compared to $21.5 million in gross profit for the quarter ended March 31, 2025.

● Gross profit margin of (2.8)% for the quarter ended March 31, 2026, compared to 9.0% gross profit margin for the quarter ended March 31, 2025.

● Net loss attributable to stockholders of $28.4 million, or $(0.52) per share for the quarter ended March 31, 2026, compared to a net loss attributable to stockholders of $4.6 million, or $(0.08) per share for the quarter ended March 31, 2025.

● EBITDA of $(14.1) million for the quarter ended March 31, 2026, compared to $10.1 million for the quarter ended March 31, 2025.(1)

● Backlog of $1.88 billion.(1)

“We are encouraged by the early progress made toward our strategic plan announced in March. Our strengthened capital position has improved operations, further evidenced by our Civil segment’s 14% gross margin this quarter. While consolidated results reflect non-cash adjustments from certain legacy disputes, our core project portfolio continues to perform on plan,” said Frank Renda, Southland’s President & Chief Executive Officer. “As we continue to execute our plan, we remain focused on optimizing our asset base, maintaining strict bidding discipline and prioritizing the high-margin opportunities in our core end markets.”

(1)Please refer to “Non-GAAP Measures” and reconciliations for our non-GAAP financial measures, including, “EBITDA” and “Backlog”

2026 First Quarter Results

Condensed Consolidated Statements of Operations (unaudited)

Three Months Ended

(Amounts in thousands)

March 31, 2026

March 31, 2025

Revenue

$ 172,405

$ 239,486

Cost of construction

177,161

218,006

Gross profit (loss)

(4,756 )

21,480

Selling, general, and administrative expenses

14,943

16,465

Operating income (loss)

(19,699 )

5,015

Gain on investments, net

147

17

Other income, net

74

743

Interest expense

(8,681 )

(8,874 )

Losses before income taxes

(28,159 )

(3,099 )

Income tax expense (benefit)

19

(313 )

Net loss

(28,178 )

(2,786 )

Net income attributable to noncontrolling interests

174

1,766

Net loss attributable to Southland Stockholders

$ (28,352 )

$ (4,552 )

Net loss per share attributable to common stockholders

Basic (1)

$ (0.52 )

$ (0.08 )

Diluted (1)

$ (0.52 )

$ (0.08 )

Weighted average shares outstanding

Basic (1)

54,119,661

53,961,744

Diluted (1)

54,119,661

53,961,744

(1) Basic net loss per share is the same as diluted net loss per share attributable to common stockholders for the three months ended March 31, 2026, and March 31, 2025, because the inclusion of potential shares of common stock would have been anti-dilutive for the period presented.

Revenue for the three months ended March 31, 2026, was $172.4 million, a decrease of $67.1 million, or 28.0%, compared to the three months ended March 31, 2025. Materials & Paving business contributed $11.0 million to revenue in the three months ended March 31, 2026.

Gross loss for the three months ended March 31, 2026, was $4.8 million compared to gross profit of $21.5 million for the three months ended March 31, 2025. Gross margin decreased from 9.0% to (2.8)% for the three months ended March 31, 2026, compared to the three months ended March 31, 2025. Materials & Paving business negatively impacted gross profit by $13.1 million in the three months ended March 31, 2026.

Selling, general, and administrative costs for the three months ended March 31, 2026, were $14.9 million, a decrease of $1.5 million, or 9.2%, compared to the three months ended March 31, 2025. Selling, general, and administrative costs as a percent of revenue were 8.7% for the three months ended March 31, 2026, compared to 6.9% for the three months ended March 31, 2025.

2

Segment Revenue

Three Months Ended

(Amounts in thousands)

March 31, 2026

March 31, 2025

% of Total

% of Total

Segment

Revenue

Revenue

Revenue

Revenue

Civil

$ 103,792

60.2 %

$ 102,916

43.0 %

Transportation

68,613

39.8 %

136,570

57.0 %

Total revenue

$ 172,405

100.0 %

$ 239,486

100.0 %

Segment Gross Profit (Loss)

Three Months Ended

(Amounts in thousands)

March 31, 2026

March 31, 2025

% of Segment

% of Segment

Segment

Gross Profit

Revenue

Gross Profit

Revenue

Civil

$ 14,652

14.1 %

$ 22,631

22.0 %

Transportation

(19,408 )

(28.3 )%

(1,151 )

(0.8 )%

Gross profit (loss)

$ (4,756 )

(2.8 )%

$ 21,480

9.0 %

EBITDA Reconciliation

Three Months Ended

(Amounts in thousan

EX-99.1

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EXHIBIT 99.1

Exhibit 99.1

Southland Announces Fourth Quarter & Full Year 2025 Results

GRAPEVINE, Texas, March 26, 2026 -- Southland Holdings, Inc. (NYSE American: SLND and SLND WS) (“Southland”), a leading provider of specialized infrastructure construction services, today announced financial results for the quarter and full year ended December 31, 2025.

Fourth Quarter 2025 Results Include:

● Revenue of $104.0 million for the quarter ended December 31, 2025, compared to $267.3 million for the quarter ended December 31, 2024.

● Gross loss of $193.4 million for the quarter ended December 31, 2025, compared to $7.7 million in gross profit for the quarter ended December 31, 2024.

● Net loss attributable to stockholders of $216.4 million, or $(4.00) per share for the quarter ended December 31, 2025, compared to a net loss attributable to stockholders of $4.2 million, or $(0.09) per share for the quarter ended December 31, 2024.

● EBITDA of $(202.2) million for the quarter ended December 31, 2025, compared to $(2.7) million for the quarter ended December 31, 2024. (1)

● Backlog of $2.03 billion.(1)

Full Year 2025 Results Include:

● Revenue of $772.2 million for the year ended December 31, 2025, compared to $980.2 million for the year ended December 31, 2024.

● Gross loss of $155.3 million for the year ended December 31, 2025, compared to $63.0 million in gross loss for the year ended December 31, 2024.

● Income tax expense of $56.5 million for the year ended December 31, 2025, primarily driven by a non-cash charge related to the establishment of a valuation allowance on deferred taxes, compared to income tax benefit of $46.9 million for the year ended December 31, 2024. (2)

● Net loss attributable to stockholders of $306.5 million, or $(5.67) per share for the year ended December 31, 2025, compared to a net loss attributable to stockholders of $105.4 million, or $(2.19) per share for the year ended December 31, 2024.

● EBITDA of $(191.4) million for the year ended December 31, 2025, compared to $(100.4) million for the year ended December 31, 2024. (1)

Frank Renda, Southland’s President & CEO said, “While I am disappointed in this quarter’s results, I am fully accountable for our results and am committed to the strategic plan we have launched to move Southland forward. The capital support provided by our sureties, including replacing our senior lender, is a significant vote of confidence in our team and provides us additional financial flexibility to focus on the project execution of our $2 billion backlog. As part of our plan, we continue to focus on core market opportunities with higher margins, as evidenced by the recently announced $118 million of project awards, led by a data center project. We are also taking decisive action to right-size our asset base and pay down debt, positioning Southland to emerge from this period as a leaner, more disciplined, and more profitable organization.”

(1)Please refer to “Non-GAAP Measures” and reconciliations for our non-GAAP financial measures, including, “EBITDA” and “Backlog”

(2)This allowance is required under GAAP. This does not limit utilization of the respective tax assets in the future.

Business Update:

Washington State Convention Center Adverse Ruling

The fourth quarter and full year 2025 financial results were impacted by a $135.8 million unfavorable adjustment related to an adverse trial court ruling involving the construction of the Washington State Convention Center (“WSCC”). This was a legacy project that Southland acquired through the 2020 acquisition of American Bridge. The unfavorable adjustment reflects the reversal of Southland’s expected recovery of American Bridge’s initial claims for damages and the recognition of a long-term liability as a result of the counterclaim by the counterparty awarded to the counterparty in the trial court ruling. On January 15, 2026, the trial court entered a judgment against American Bridge and certain of its sureties, jointly and severally, in the principal amount of $57.1 million. Interest and fees were assessed by the court at a later date. Because the adverse ruling makes the likelihood of recovering the claimed amount and collectability no longer probable, the Company derecognized contract assets as of December 31, 2025, on its consolidated balance sheet, resulting in a $40.3 million non-cash charge to revenue on its consolidated statement of operations for the quarter and year ended December 31, 2025.

While the Company intended to appeal as of December 31, 2025, certain of its sureties entered into negotiations with the counterparty on behalf of the Company subsequent to December 31, 2025, in accordance with certain rights available to the sureties included in certain General Indemnity Agreements (“GIAs”). Any settlement that is agreed upon will be paid by certain of Southland’s sureties under the respective GIAs with the sureties. The sureties agreed to forbear on