Tootsie Roll Industries Inc

CONSOLIDATED SUMMARY OF SALES & EARNINGS FOR THE PERIODS ENDED September 30, 2025 and 2024 Third Quarter Ended 2025 2024 Net Sales $ 230,614,000 $ 223,891,000 Net Earnings $ 35,659,000 $ 32,844,000 Net Earnings Per Share* $ 0.49 $ 0.45 Average Shares Outstanding* 72,879,000 73,497,000 Nine Months Ended 2025 2024 Net Sales $ 530,325,000 $ 524,174,000 Net Earnings $ 71,261,000 $ 64,318,000 Net Earnings Per Share* $ 0.98 $ 0.87 Average Shares Outstanding* 72,910,000 73,520,000 * Based on average shares outstanding adjusted for 3% stock dividends distributed April 4, 2025 and April 5, 2024.

SEC original ↗Tootsie Roll Industries Inc — Earnings release (8-K exhibit)EX-99Oct 23, 2025

per share $ 0.18 $ 0.23 $ 0.41 $ 0.47 Dividends per share * $ 0.09 $ 0.09 $ 0.18 $ 0.18 Average number of shares outstanding 75,035 75,060 75,046 75,105 Retained earnings at beginning of period $ 3,362 $ 3,155 $ 65,472 $ 57,902 Net earnings attributable to Tootsie Roll Industries, Inc.

SEC original ↗Tootsie Roll Industries Inc — 10-Q Quarterly report10-QAug 7, 2026

13,347 17,544 31,008 35,602 Cash dividends ( 6,767 ) ( 6,559 ) ( 13,326 ) ( 12,928 ) Stock dividends ( 73,212 ) ( 66,436 ) Retained earnings at end of period $ 9,942 $ 14,140 $ 9,942 $ 14,140 * Does not include 3 % stock dividend to shareholders of record on 3/5/26 and 3/5/25.

SEC original ↗Tootsie Roll Industries Inc — 10-Q Quarterly report10-QAug 7, 2026

The discount rate used to calculate the present value of the minimum lease payments is our incremental borrowing rate, as the rate implicit in the lease is generally not known or determinable.

SEC original ↗Tootsie Roll Industries Inc — 10-Q Quarterly report10-QAug 7, 2026

Note 2 Average Shares Outstanding The average number of shares outstanding for first half 2026 reflects aggregate stock purchases of 100 shares for $ 3,822 , excluding excise taxes, and a 3 % stock dividend of 2,181 shares distributed on April 3, 2026.

SEC original ↗Tootsie Roll Industries Inc — 10-Q Quarterly report10-QAug 7, 2026

The average number of shares outstanding for first half 2025 reflects aggregate stock purchases of 209 shares for $ 6,483 , excluding excise taxes, and a 3 % stock dividend of 2,118 shares distributed on April 4, 2025.

SEC original ↗Tootsie Roll Industries Inc — 10-Q Quarterly report10-QAug 7, 2026

We are focused on the longer term and therefore are continuing to make investments in plant manufacturing operations to meet new customer and consumer product demands, achieve product quality improvements, expand capacity in certain product lines, and increase operational efficiencies in order to provide genuine value to consumers.

SEC original ↗Tootsie Roll Industries Inc — Earnings release (8-K exhibit)EX-99Oct 23, 2025

The Company s Chief Executive Officer, the Company s CODM, focuses on consolidated results, specifically consolidated net income (loss), in assessing operating performance and allocating resources.

SEC original ↗Tootsie Roll Industries Inc — 10-Q Quarterly report10-QAug 7, 2026

Derivatives that qualify for hedge accounting are designated as cash flow hedges by formally documenting the hedge relationships, including identification of the hedging instruments, the hedged items and other critical terms, as well as the Company s risk management objectives and strategies for undertaking the hedge transaction.

SEC original ↗Tootsie Roll Industries Inc — 10-Q Quarterly report10-QAug 7, 2026

We are focused on the long term and have continued to support our brands with increased trade promotions, as well as advertising in the second quarter and first half 2026.

SEC original ↗Tootsie Roll Industries Inc — 10-Q Quarterly report10-QAug 7, 2026

We continued to face some challenges in nine months 2025 as customers and consumers became more resistant to higher prices, and these headwinds had some adverse effect on sales in nine months 2025.

SEC original ↗Tootsie Roll Industries Inc — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Certain ingredients, including cocoa, chocolate and edible oils, as well as some packaging and other purchases, do have foreign origins outside of USMCA and the related higher tariffs on these purchases added to our costs in third quarter and nine months 2025.

SEC original ↗Tootsie Roll Industries Inc — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Until such time that more clarity regarding tariffs, as well as possible retaliatory tariffs, is forthcoming, we are not able to ascertain the effects of tariffs on our business.

SEC original ↗Tootsie Roll Industries Inc — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Forward-looking statements can be identified by the use of words such as anticipated, believe, expect, intend, estimate, project, plan and other words of similar meaning in connection with a discussion of future operating or financial performance and are subject to certain factors, risks, trends and uncertainties that could cause actual results and achievements to differ materially from those expressed in the forward-looking statements.

SEC original ↗Tootsie Roll Industries Inc — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Such factors, risks, trends and uncertainties, which in some instances are beyond the Company s control, include the effects of U.

SEC original ↗Tootsie Roll Industries Inc — Earnings release (8-K exhibit)EX-99Oct 23, 2025

tariffs as well as retaliatory tariffs and other import fees and surcharges by other countries, the overall competitive environment in the Company s industry, the ability to recover increases in input costs and tariffs through price increases, successful distribution and sell-through during Halloween and other seasons, and changes in assumptions, judgments and risk factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2024.

SEC original ↗Tootsie Roll Industries Inc — Earnings release (8-K exhibit)EX-99Oct 23, 2025