Bel Fuse Inc /Nj

During the quarter ended June 30, 2026, the Company used approximately $ 197.5 million of the net proceeds to repay all outstanding borrowings under its Credit and Security Agreement, resulting in no outstanding debt under this facility as of June 30, 2026.

SEC original ↗Bel Fuse Inc /Nj — 10-Q Quarterly report10-QAug 4, 2026

The acquisition was funded using cash on hand and borrowings under our senior secured revolving credit facility (the "Revolver") under the Amended and Restated Credit and Security Agreement with KeyBank National Association as amended, the "Credit Agreement" or the "CSA").

SEC original ↗Bel Fuse Inc /Nj — 10-Q Quarterly report10-QAug 4, 2026

The fair value of the Company s long-term debt is estimated using a discounted cash flow method based on interest rates currently available for debt issuances with similar terms and maturities.

SEC original ↗Bel Fuse Inc /Nj — 10-Q Quarterly report10-QAug 4, 2026

At June 30, 2026, the Company had no outstanding long-term debt, accordingly, the estimated fair value and carrying amount of total debt were $ 0 million and $ 0 million, respectively.

SEC original ↗Bel Fuse Inc /Nj — 10-Q Quarterly report10-QAug 4, 2026

At December 31, 2025, the estimated fair value of total debt was $ 196.5 million, compared to a carrying amount of $ 197.5 million.

SEC original ↗Bel Fuse Inc /Nj — 10-Q Quarterly report10-QAug 4, 2026

DEBT The Company's Credit Agreement provides for the Revolver with aggregate commitments of up to $ 400.0 million.

SEC original ↗Bel Fuse Inc /Nj — 10-Q Quarterly report10-QAug 4, 2026

Our gross margin expansion reflects the leverage gained from higher sales volumes.

SEC original ↗Bel Fuse Inc /Nj — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Across Bel, there is strong internal collaboration as we focus on growth and new opportunities for the next chapter of our journey, concluded Mr.

SEC original ↗Bel Fuse Inc /Nj — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Recently Adopted Accounting Standards In December 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update ("ASU") 2023 - 09, Income Taxes (Topic 740 ): Improvements to Income Tax Disclosures , which focuses on the rate reconciliation and income taxes paid.

SEC original ↗Bel Fuse Inc /Nj — 10-Q Quarterly report10-QAug 4, 2026

Bel also believes the acquisition provides opportunities to leverage dataMate s ongoing technology development, including solutions intended to deliver data and power over a single pair of wires, to support future product expansion.

SEC original ↗Bel Fuse Inc /Nj — 10-Q Quarterly report10-QAug 4, 2026

Foreign Currency Forward Contracts Under our risk management strategy, we periodically use foreign currency forward contracts to manage our short-term exposures to fluctuations in operational cash flows resulting from changes in foreign currency exchange rates.

SEC original ↗Bel Fuse Inc /Nj — 10-Q Quarterly report10-QAug 4, 2026

Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Bel s control.

SEC original ↗Bel Fuse Inc /Nj — Earnings release (8-K exhibit)EX-99Oct 29, 2025

exports related to the countries in which Bel transacts business and trade restrictions that may impact Bel, its customers and/or its suppliers, and risks associated with the evolving trade environment, trade restrictions, and changes in trade agreements, and general uncertainty about future changes in trade and tariff policy and the associated impacts of those changes; risks associated with fluctuations in foreign currency exchange rates and interest rates; uncertainties associated with legal proceedings; the market's acceptance of the Company's new products and competitive responses to those new products; the impact of changes to U.

SEC original ↗Bel Fuse Inc /Nj — Earnings release (8-K exhibit)EX-99Oct 29, 2025

In light of the risks and uncertainties impacting Bel's business, there can be no assurance that any forward-looking statement will in fact prove to be correct.

SEC original ↗Bel Fuse Inc /Nj — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Legal Proceedings 33 Item 1A.

SEC original ↗Bel Fuse Inc /Nj — 10-Q Quarterly report10-QAug 4, 2026