v3.26.1
Investments
12 Months Ended
Dec. 31, 2025
EBP 003  
EBP, Investment, Fair Value and NAV [Line Items]  
Investments
4.
Investments

Each participating retirement plan has a divided interest in the Master Trust. Net investment income (loss) for the Plan is based upon its actual holdings of the net assets of the Master Trust.

Investments at fair value and contract value of the Master Trust and the Plan’s interest in the Master Trust consisted of the following at December 31:

 

 

 

2025

 

 

 

 

 

2024

 

 

 

 

 

 

Master Trust

 

 

Plan's Interest
in Master Trust

 

 

Master Trust

 

 

Plan's Interest
in Master Trust

 

Investments

 

 

 

 

 

 

 

 

 

 

 

 

Mutual funds

 

$

391,640,435

 

 

$

11,167,877

 

 

$

133,511,483

 

 

$

2,789,555

 

Worthington Enterprises common shares

 

 

13,204,014

 

 

 

291,987

 

 

 

10,746,147

 

 

 

246,551

 

Worthington Steel common shares1

 

 

-

 

 

 

-

 

 

 

6,930,870

 

 

 

161,401

 

Common collective trust funds

 

 

64,185,582

 

 

 

1,258,464

 

 

 

262,849,675

 

 

 

8,241,038

 

Total investments at fair value

 

 

469,030,031

 

 

 

12,718,328

 

 

 

414,038,175

 

 

 

11,438,545

 

Total investments at contract value

 

 

19,732,667

 

 

 

270,034

 

 

 

25,382,333

 

 

 

216,826

 

Total

 

$

488,762,698

 

 

$

12,988,362

 

 

$

439,420,508

 

 

$

11,655,371

 

 

(1) Effective after the close of business on April 7, 2025, the Company liquidated all remaining balances in the Worthington Steel stock fund.

 

Net investment income of the Master Trust consisted of the following for the years ended December 31:

 

 

 

2025

 

 

2024

 

Investment income for the Master Trust:

 

 

 

 

 

 

Interest and dividend income

 

$

13,392,170

 

 

$

7,276,660

 

Net appreciation (depreciation) in fair value of investments:

 

 

 

 

 

 

Mutual funds and common collective trust funds

 

 

55,075,357

 

 

 

52,694,519

 

Worthington Enterprises common shares

 

 

3,403,225

 

 

 

(4,407,624

)

Worthington Steel common shares

 

 

(1,707,015

)

 

 

1,809,787

 

Total investment income

 

$

70,163,737

 

 

$

57,373,342

 

 

At December 31, 2025 and 2024, the Master Trust held 255,862 and 267,705 common shares of Worthington Enterprises, respectively. The Master Trust received cash dividends from Worthington Enterprises of $162,707 and $152,814 for the years ended December 31, 2025 and 2024, respectively.