| Schedule of Summarized Balance Sheet |
Summarized Balance Sheet as of June 30, 2026
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Lamar Media Corp. | | Guarantor Subsidiaries | | Non- Guarantor Subsidiaries | | Eliminations | | Lamar Media Consolidated | | Current assets | $ | 55,610 | | | $ | 53,749 | | | $ | 383,850 | | | $ | — | | | $ | 493,209 | | | Noncurrent assets | 4,530,851 | | | 6,762,032 | | | 285,441 | | | (5,096,678) | | | 6,481,646 | | | Current liabilities | 46,307 | | | 458,243 | | | 270,551 | | | — | | | 775,101 | | | Noncurrent liabilities | 3,562,758 | | | 1,882,175 | | | 449,855 | | | (685,787) | | | 5,209,001 | | | Non-controlling interest | — | | | 13,917 | | | (559) | | | — | | | 13,358 | |
Summarized Balance Sheet as of December 31, 2025
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Lamar Media Corp. | | Guarantor Subsidiaries | | Non- Guarantor Subsidiaries | | Eliminations | | Lamar Media Consolidated | | Current assets | $ | 52,917 | | | $ | 57,033 | | | $ | 349,273 | | | $ | — | | | $ | 459,223 | | | Noncurrent assets | 4,470,971 | | | 6,704,177 | | | 288,193 | | | (5,007,353) | | | 6,455,988 | | | Current liabilities | 53,031 | | | 462,330 | | | 267,118 | | | — | | | 782,479 | | | Noncurrent liabilities | 3,464,450 | | | 1,881,921 | | | 414,928 | | | (648,167) | | | 5,113,132 | | | Non-controlling interest | — | | | 13,691 | | | (498) | | | — | | | 13,193 | |
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| Schedule of Summarized Statements of Income and Comprehensive Income |
Summarized Statements of Income and Comprehensive Income for the Three Months Ended June 30, 2026
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Lamar Media Corp. | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Lamar Media Consolidated | | Net revenues | $ | — | | | $ | 609,434 | | | $ | 7,401 | | | $ | (86) | | | $ | 616,749 | | Operating expenses (income) | — | | | 402,040 | | | 6,680 | | | (86) | | | 408,634 | | Operating income | — | | | 207,394 | | | 721 | | | — | | | 208,115 | | Net income (loss) | 160,902 | | | 205,257 | | | (2,257) | | | (199,107) | | | 164,795 | | Net income (loss) attributable to controlling interest | 160,902 | | | 201,648 | | | (2,539) | | | (199,107) | | | 160,904 | |
Summarized Statements of Income and Comprehensive Income for the Three Months Ended June 30, 2025
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Lamar Media Corp. | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Lamar Media Consolidated | | Net revenues | $ | — | | | $ | 567,209 | | | $ | 12,357 | | | $ | (255) | | | $ | 579,311 | | Operating expenses (income) | — | | | 369,445 | | | 12,290 | | | (255) | | | 381,480 | | Operating income | — | | | 197,764 | | | 67 | | | — | | | 197,831 | | Net income (loss) | 154,505 | | | 195,734 | | | (3,365) | | | (191,708) | | | 155,166 | | Net income (loss) attributable to controlling interest | 154,505 | | | 195,354 | | | (3,646) | | | (191,708) | | | 154,505 | |
Summarized Statements of Income and Comprehensive Income for the Six Months Ended June 30, 2026
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Lamar Media Corp. | | Guarantor Subsidiaries | | Non- Guarantor Subsidiaries | | Eliminations | | Lamar Media Consolidated | | Net revenues | $ | — | | | $ | 1,131,085 | | | $ | 13,887 | | | $ | (219) | | | $ | 1,144,753 | | Operating expenses (income) | — | | | 777,475 | | | 13,193 | | | (219) | | | 790,449 | | Operating income | — | | | 353,610 | | | 694 | | | — | | | 354,304 | | Net income (loss) | 262,316 | | | 347,731 | | | (5,032) | | | (338,249) | | | 266,766 | | Net income (loss) attributable to controlling interest | 262,316 | | | 343,865 | | | (5,615) | | | (338,249) | | | 262,317 | |
Summarized Statements of Income and Comprehensive Income for the Six Months Ended June 30, 2025
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Lamar Media Corp. | | Guarantor Subsidiaries | | Non- Guarantor Subsidiaries | | Eliminations | | Lamar Media Consolidated | | Net revenues | $ | — | | | $ | 1,061,191 | | | $ | 23,976 | | | $ | (426) | | | $ | 1,084,741 | | Operating expenses (income) | — | | | 671,328 | | | 24,666 | | | (426) | | | 695,568 | | Operating income (loss) | — | | | 389,863 | | | (690) | | | — | | | 389,173 | | Net income (loss) | 293,369 | | | 374,192 | | | (7,570) | | | (365,487) | | | 294,504 | | Net income (loss) attributable to controlling interest | 293,369 | | | 373,592 | | | (8,105) | | | (365,487) | | | 293,369 | |
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