Meritage Homes — Jan 28, 2026 release

All share and per share amounts in this press release have been retroactively restated to reflect the Stock Split for the fourth quarter of 2024 and the full year 2024. GUIDANCE The Company expects full year 2026 home closing volume and revenue to be consistent with full year 2025 results, assuming no further deterioration from current market conditions. CONFERENCE CALL Management will host a conference call to discuss its fourth quarter 2025 results at 8:00 a.m. Mountain Standard Time (10:00 a.m. Eastern Standard Time) on Thursday, January 29, 2026. To listen, please go to Meritage's Investor Relations page for the live webcast or dial in to 1-800-445-7795 US toll free or 1-785-424-1699. A replay will be available on the Investor Relations page. 5 Meritage Homes Corporation and Subsidiaries Consolidated Income Statements (In thousands, except per share data) (unaudited)   Three Months Ended December 31, 2025 2024 Change $ Change % Homebuilding: Home closing revenue $ 1,406,449  $ 1,595,928  $ (189,479) (12) % Land closing revenue 21,072  17,356  3,716  21  % Total closing revenue 1,427,521  1,613,284  (185,763) (12) % Cost of home closings (1,174,192) (1,226,114) 51,922  (4) % Cost of land closings (21,898) (14,026) (7,872) 56  % Total cost of closings (1,196,090) (1,240,140) 44,050  (4) % Home closing gross profit 232,257  369,814  (137,557) (37) % Land closing gross (loss)/profit (826) 3,330  (4,156) (125) % Total closing gross profit 231,431  373,144  (141,713)