Financial Analysis

Commitments and Contingencies In the normal course of business, the Company may be involved in ordinary, routine legal actions. The Company cannot reasonably estimate future costs, if any, related to these matters; however, it does not believe any such matters are material to its financial condition or results of operations. The Company maintains various liability insurance coverages to protect its assets from losses arising out of or involving activities associated with ongoing and normal business operations; however, it is possible that the Companys future operating results could be affected by future costs of litigation. On December 30, 2022, the Company experienced a cybersecurity incident involving unauthorized access to certain systems. The Company engaged cyber security external experts, remediated the issue, and notified affected individuals in accordance to applicable requirements. The Company maintains cybersecurity insurance coverage and received $627 of credits from a service provider in fiscal 2024 related to the incident. As of September 30, 2025, no amounts remained outstanding related to this matter and as of September 30, 2024, the Company had $197, respectively, included within accounts payable on the consolidated balance sheets. All costs were recognized as incurred. …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

The following table represents a breakout of total revenue by customer type: Years Ended September 30, 2025 2024 Commercial revenue $ 36,928 $ 41,759 Military revenue 47,887 37,874 Total $ 84,815 $ 79,633 The following table represents revenue by the various components: Years Ended September 30, 2025 2024 Aerospace components for: Fixed wing aircraft $ 51,379 $ 41,847 Rotorcraft 17,069 17,255 Commercial space 5,029 13,200 Energy components for power generation units 2,491 1,821 Commercial products and other revenue 8,847 5,510 Total $ 84,815 $ 79,633

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"Stock-Based Compensation The Company has awarded performance and restricted shares under the Companys 2007 Long-Term Incentive Plan (2007 Plan) and the Companys 2007 Long-Term Incentive Plan (Amended and Restated as of November 16, 2016) (as further amended, the ""2016 Plan). The aggregate number of shares that may be awarded by the Company under the 2016 Plan is 1,196 shares, less any shares previously awarded and subject to an adjustment for the forfeiture of any unvested shares. In addition, shares that may be awarded are subject to individual recipient award limitations. The shares awarded under the 2016 Plan may be made in multiple forms including stock options, stock appreciation rights, restricted or unrestricted stock, and performance related shares. Any such awards are exercisable no later than ten years from the date of grant. The performance shares that have been awarded under both plans generally provide for the vesting of the Companys common shares upon the Company achieving certain defined financial performance objectives during a period up to three years following the granting of such award. The ultimate number of common shares of the Company that may be earned pursuant to an award ranges from a minimum of no shares to a maximum of 200% of the initial target number of performance shares awarded, depending on the level of the Companys achievement of its financial performance objectives. Beginning in fiscal 2020, the maximum shares that may be achieved was reduc …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Goodwill Goodwill is not amortized, but is subject to an annual impairment test. The Company tests its goodwill for impairment on July 31, and in interim periods if certain events occur indicating that the carrying amount of goodwill may be impaired. Factors that would necessitate an interim goodwill impairment assessment include a sustained decline in the Companys stock price, prolonged negative industry or economic trends, or significant under-performance relative to expected, historical or projected future operating results. The Company uses a fair value measurement approach which combines the income (discounted cash flow method) and market valuation (market comparable method) techniques for each of the Companys reporting units that carry goodwill. These valuation techniques use estimates and assumptions including, but not limited to, the determination of appropriate market comparable, projected future cash flows (including timing and profitability), discount rate reflecting the risk inherent in future cash flows, perpetual growth rate, and projected future economic and market conditions (Level 3 inputs). Although the Company believes its assumptions are reasonable, actual results may vary significantly and may expose the Company to material impairment charges in the future. The methodology for determining fair values was consistent for the periods presented. 2025 and 2024 Annual Goodwill Impairment Tests SIFCO performed its annual impairment test as of July 31, 2025 and 2 …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Income Taxes The components of income (loss) before income tax provision are as follows: Years Ended September 30, 2025 2024 U.S. $ (1,369) $ (8,309) Non-U.S. 621 (280) Loss before income tax provision $ (748) $ (8,589) Income tax provision consists of the following: Years Ended September 30, 2025 2024 Current income tax provision (benefit): U.S. federal $ $ 70 U.S. state and local 9 1 Non-U.S. 167 (46) Total current tax provision 176 25 Deferred income tax provision: U.S. federal 9 10 U.S. state and local 2 Total deferred tax provision 9 12 Income tax provision $ 185 $ 37 The income tax provision in the accompanying consolidated statements of operations differs from amounts determined by using the statutory rate as follows: Years Ended September 30, 2025 2024 Loss before income tax provision $ (748) $ (8,589) Income tax provision (benefit) at U.S. federal statutory rates (157) (1,804) Tax effect of: Foreign rate differential 150 (4) Permanent items (2) 59 State and local income taxes 9 4 Federal tax credits (226) (241) Valuation allowance 400 1,943 Other 11 80 Income tax provision $ 185 $ 37 Deferred tax assets and liabilities at September 30 consist of the following: 2025 2024 Deferred tax assets: Net U.S. operating loss carryforwards $ 8,369 $ 9,407 Net non-U.S. operating loss carryforwards 639 629 Employee benefits 324 849 Inventory reserves 546 Allowance for credit losses 36 28 Intangibles 296 Foreign tax credits 1,215 1,724 Other tax credits 2,227 2,175 Other 2,211 1,90 …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Leases The components of lease expense were as follows: Years Ended September 30, 2025 2024 Lease expense Finance lease expense: Amortization of right-of use assets on finance leases $ 48 $ 7 Interest on lease liabilities 6 Operating lease expense 1,664 1,639 Variable lease cost 57 78 Total lease expense $ 1,775 $ 1,724 The following table presents the impact of leasing on the consolidated balance sheet at September 30: Classification to the consolidated balance sheets 2025 2024 Assets: Finance lease assets Property, plant and equipment, net $ 95 $ 4 Operating lease assets Operating lease right-of-use assets, net 12,543 13,326 Total lease assets $ 12,638 $ 13,330 Current liabilities: Finance lease liabilities Current maturities of long-term debt $ 46 $ Operating lease liabilities Short-term operating lease liabilities 959 879 Non-current liabilities: Finance lease liabilities Long-term finance lease, net of short-term 51 Operating lease liabilities Long-term operating lease liabilities, net of short-term 12,230 13,035 Total lease liabilities $ 13,286 $ 13,914 Supplemental cash flow and other information related to leases were as follows: September 30, 2025 September 30, 2024 Other Information Cash paid for amounts included in measurement of liabilities: Operating cash flows from operating leases $ 1,664 $ 1,639 Operating cash flows from finance leases 5 Financing cash flows from finance leases 42 Right-of-use assets obtained in exchange for new lease liabilities: Finance leas …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

"Debt Debt at September 30 consists of: 2025 2024 Revolving credit agreement $ 7,969 $ 20,142 Term loan, net of unamortized debt issuance costs of $50 and nil, respectively 2,400 Finance lease obligations 97 Promissory note related party 3,510 Other debt 146 353 Total debt 10,612 24,005 Less current maturities (10,561) (24,005) Total long-term debt $ 51 $ Loan and Security Agreement On October 17, 2024, the Company and Quality Aluminum Forge, LLC, a wholly-owned subsidiary of the Company (QAF, and together with the Company, the Borrowers), entered into a Loan and Security Agreement (the Loan Agreement) among the Company and QAF, as borrowers, Siena Lending Group LLC, as Lender (Siena), and each of the affiliates of the borrowers signatory to the Loan Agreement from time to time as guarantors. The Loan Agreement provided for a senior secured revolving credit facility with a term of three years in an aggregate principal amount not to exceed $20,000 (the Revolver) and a term loan in the original principal amount of $3,000 (the Term Loan). The Loan Agreement also provided for a $2,500 letter of credit sub-facility (the Letter of Credit Sub-facility, and collectively with the Revolver and the Term Loan, the Credit Facility). The Credit Facility matures on October 17, 2027. Proceeds of borrowings under the Credit Facility were used to repay amounts outstanding under the Companys Credit Agreement, Security Agreement, and Export Credit Agreement dated August 8, 2018, as amended, and …

LongTermDebtTextBlock · excerpt; the full note is in the filing

"IMPACT OF RECENTLY ADOPTED ACCOUNTING STANDARDS AND LEGISLATION In November 2023, the FASB issued Accounting Standard Update (ASU) ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which expands disclosures for significant segment expenses for all public entities required to report segment information in accordance with ASC 280. ASC 280 requires a public entity to report for each reportable segment a measure of segment profit or loss that its chief operating decision maker (CODM) uses to assess segment performance and to make decisions about resource allocations. The amendments in ASU 2023-07 are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company adopted the new ASU effective September 30, 2025. Adoption of this resulted in additional disclosure, but did not have an impact on the consolidated financial statements. See Note 13 - S egment Information. Legislation On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (""OBBBA""). The OBBBA makes permanent key elements of the Tax Cuts and Jobs Act, including 100% bonus depreciation, domestic research cost expensing, and the business interest expense limitation. ASC 740, Income Taxes, requires the effects of changes in tax rates and laws on deferred tax balances to be recognized in the period in which the legislation is enacted. The Company concluded that the impact …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Retirement Benefit Plans Defined Benefit Plans The Company and certain of its subsidiaries sponsor three defined benefit pension plans covering some of its employees. The Companys funding policy for its defined benefit pension plans is based on an actuarially determined cost method allowable under Internal Revenue Service regulations. One of the defined benefit pension plans covers non-union employees of the Companys U.S. operations who were hired prior to March 1, 2003. Benefit accruals ceased in March 2003. A second defined benefit plan covered employees at a business location that closed in December 2013, at which time benefits accruals ceased. The third defined pension plan covers one of the Companys union groups at the Cleveland location. Benefits accruals under this plan ceased in March 2020, when the then-current union disclaimed all interest in the bargaining unit. Curtailment occurred; however, there was no impact to consolidated financial statements. A new union was certified and the collective bargaining agreement was finalized in December 2021, at which time it was agreed that the defined benefit plan would be frozen and retirement benefits are to be provided through a defined contribution plan. The Company uses a September 30 measurement date for its U.S. defined benefit pension plans. Net pension expense, benefit obligations and plan assets for the Company-sponsored defined benefit pension plans consist of the following: Years Ended September 30, 2025 2024 Servi …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

"Related Party Transactions In October 2024, the Company repaid all amounts outstanding under its secured subordinated loan from Garnet Holdings, Inc., a California corporation owned and controlled by Mark J. Silk (""GHI"") (Mr. Silk is a member of the Board of Directors of the Company and considered a related party), in the original principal amount of $3,000, as well as accrued paid-in-kind interest. As part of the guaranty and subordinated promissory note with GHI, the Company paid fees of $880 and $150, respectively. See Note 6 Debt for further information."

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Revenue The Company produces forged components for (i) turbine engines that power commercial, business and regional aircraft as well as military aircraft and armored military vehicles; (ii) airframe applications for a variety of aircraft; (iii) industrial gas and steam turbine engines for power generation units; and (iv) other commercial applications. The following table represents a breakout of total revenue by customer type: Years Ended September 30, 2025 2024 Commercial revenue $ 36,928 $ 41,759 Military revenue 47,887 37,874 Total $ 84,815 $ 79,633 The following table represents revenue by the various components: Years Ended September 30, 2025 2024 Aerospace components for: Fixed wing aircraft $ 51,379 $ 41,847 Rotorcraft 17,069 17,255 Commercial space 5,029 13,200 Energy components for power generation units 2,491 1,821 Commercial products and other revenue 8,847 5,510 Total $ 84,815 $ 79,633 All revenue based on selling locations originated from the Companys U.S. operations. In addition to the disaggregating revenue information provided above, approximately 62% and 54% of total net sales as of September 30, 2025 and 2024, respectively, was recognized on an over-time basis because of the continuous transfer of control to the customer, with the remainder recognized at a point in time. Contract Balances Generally, payment is due upon the shipment of goods. For performance obligations recognized at a point in time, a contract asset is not established as the billing and reve …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Segment Information The Company identifies itself as one operating segment, SIFCO, which is a manufacturer of forgings and machined components for the A&E markets. The Company's CODM is the Chief Executive Officer. The CODM has the ultimate decision-making authority for resource allocation and assessing the performance of the Company. As such, the CODM reviews the loss from continuing operations as a measure of segment profit or loss, as well as segment expense included in the below table, to evaluate operating performance, generate future operating plans and make strategic decisions. The CODM also uses these measures in monitoring plan versus actual results. The CODM does not review segment assets at a different asset level or category than those disclosed in the consolidated balance sheets. Years Ended September 30, 2025 2024 Net sales $ 84,815 $ 79,633 Less: Cost of goods sold 74,230 73,651 Selling, general and administrative expenses 10,395 11,128 Other 1,123 3,480 Loss from continuing operations $ (933) $ (8,626) Other items include loss on disposal of operating assets, interest expense, gain on forgiven loan, foreign currency exchange loss (gain), other (income) expense, and income tax expense. General Information Geographic net sales are based on location of customer. The United States of America is the single largest country for unaffiliated customer sales, accounting for 75% and 77% of consolidated net sales in fiscal 2025 and 2024, respectively. No other single …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"Summary of Significant Accounting Policies A. DESCRIPTION OF BUSINESS SIFCO Industries, Inc. and its subsidiaries are engaged in the production of forgings and machined components primarily in the Aerospace and Energy (A&E), Defense and Commercial Space markets. The Companys operations are conducted in a single business segment, ""SIFCO"" or the ""Company."" SIFCO operates from multiple locations. SIFCO manufacturing facilities are located in Cleveland, Ohio (Cleveland); Orange, California (Orange); and Maniago, Italy (Maniago). In October 2024, the Company sold its European operations in order to streamline operational synergies and refocus on its core aerospace forging business. SIFCO Irish Holdings, Ltd., a wholly owned subsidiary of the Company, entered into a Share Purchase Agreement (the SPA) pursuant to which it sold 100% of the share capital of CBlade S.p.A. Forging & Manufacturing, an Italian joint stock company and wholly-owned subsidiary of the Company (CBlade), for cash consideration. As a result of the planned sale transaction, the Companys financial statements have been prepared with the net assets, results of operations, and cash flows of CBlade presented as assets held for sale and discontinued operations, respectively. All historical statements, amounts and related disclosures have been retrospectively adjusted to conform to this presentation. Refer to Note 2 Discontinued Operations . B. PRINCIPLES OF CONSOLIDATION The accompanying consolidated finan …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

Subsequent Events The Company has evaluated subsequent events through December 22, 2025, and has determined that the following subsequent events require disclosure in the financial statements. The Company is a party to collective bargaining agreements (CBA) with certain employees within the Cleveland location. The second bargaining unit CBA expired on March 31, 2025. The Company continued to be in negotiations with unit 2, who continued to work under the terms of the expired CBA. Subsequent to year-end, the new CBA took effect on October 4, 2025 and contains similar terms and conditions as the expired CBA. …

SubsequentEventsTextBlock · excerpt; the full note is in the filing

Commitments and Contingencies In the normal course of business, the Company may be involved in ordinary, routine legal actions. The Company cannot reasonably estimate future costs, if any, related to these matters; however, it does not anticipate any material impact on its financial condition or results of operations from these matters. The Company maintains various liability insurance coverages to protect its assets from losses arising out of or involving activities associated with ongoing and normal business operations; however, it is possible that the Companys future operating results could be affected by future costs of litigation. On October 3, 2025, the Company received written notice of potential violations of the Clean Water Act and Californias General Industrial Storm Water Permit occurring at Quality Aluminum Forge, LLCs facilities located at 820 North Cypress Street & 794 North Cypress Street, Orange, California 92867. On December 23, 2025, the Company received written Notice of Violations and Intent to File Suit Under the Federal Water Pollution Control Act regarding potential violations of the Clean Water Act and Californias General Industrial Storm Water Permit occurring at Quality Aluminum Forge, LLCs facilities located at 820 North Cypress Street & 794 North Cypress Street, Orange, California 92867. The Company is currently reviewing the aforementioned notices, validating the violations alleged therein, and, to the extent applicable, determining the ex …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

The following table represents a breakout of total revenue by customer type: Three Months Ended December 31, 2025 2024 Commercial revenue $ 8,678 $ 11,157 Military revenue 15,295 9,726 Total $ 23,973 $ 20,883 The following table represents revenue by end market: Three Months Ended December 31, 2025 2024 Aerospace components for: Fixed wing aircraft $ 10,520 $ 12,845 Rotorcraft 9,234 3,394 Commercial space 1,147 2,448 Energy components for power generation units 284 1,028 Commercial product and other revenue 2,788 1,168 Total $ 23,973 $ 20,883

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Stock-Based Compensation The Company has outstanding equity awards under the Companys 2007 Long-Term Incentive Plan (the 2007 Plan) and the Companys 2007 Long-Term Incentive Plan (Amended and Restated as of November 16, 2016) (as further amended, the 2016 Plan), and awards performance and restricted shares under the 2016 Plan. In the first three months of fiscal 2026, the Company granted 50 time-based restricted shares under the 2016 Plan to certain key employees with a grant date fair value of $6.73 per share. The awards vest over three years. There were 17 shares forfeited during the three months ended December 31, 2025. No performance-based shares were granted during the three months ended December 31, 2025. If all outstanding share awards are ultimately earned and vest at the target number of shares, there are approximately 342 shares that remain available for award as of December 31, 2025. If any of the outstanding share awards are ultimately earned and vest at greater than the target number of shares, up to a maximum of 150% of such target, then a fewer number of shares would be available for award. Stock-based compensation expense under the 2016 Plan was $66 and $21 during the first three months of fiscal 2026 and 2025, respectively, within selling, general and administrative expense on the consolidated condensed statements of operations. As of December 31, 2025, there was $357 of total unrecognized compensation cost related to the performance shares and restricted sha …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Income Taxes For each interim reporting period, the Company makes an estimate of the effective tax rate it expects to be applicable for the full fiscal year for its operations. This estimated effective rate is used in providing for income taxes on a year-to-date basis. The Companys effective tax rate through the first three months of fiscal 2026 was 18.5%, compared with (0.2)% for the same period of fiscal 2025. The increase in the effective rate was primarily attributable to changes in jurisdictional mix of income in fiscal 2026 compared with the same period of fiscal 2025 along with the Company's transition from a pre-tax loss to a pre-tax income position. The effective tax rate differs from the U.S. federal statutory rate due primarily to the valuation allowance against the Companys U.S. deferred tax assets and income in foreign jurisdictions that are taxed at different rates than the U.S. statutory tax rate. The Company is subject to income taxes in the U.S. federal jurisdiction, Ireland, and various state and local jurisdictions. …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

"Debt Debt consists of: December 31, 2025 September 30, 2025 Revolving credit agreement $ 386 $ 7,969 Term loan, net of unamortized debt issuance costs of $42 and $50, respectively 2,258 2,400 Finance lease obligations 85 97 Other 157 146 Total debt 2,886 10,612 Less current maturities (2,847) (10,561) Total long-term debt $ 39 $ 51 Loan and Security Agreement On October 17, 2024, the Company and Quality Aluminum Forge, LLC, a wholly-owned subsidiary of the Company (QAF, and together with the Company, the Borrowers), entered into a Loan and Security Agreement (the Loan Agreement) among the Company and QAF, as borrowers, Siena Lending Group LLC, as Lender (Siena), and each of the affiliates of the borrowers signatory to the Loan Agreement from time to time as guarantors. The Loan Agreement provided for a senior secured revolving credit facility with a term of three years in an aggregate principal amount not to exceed $20,000 (the Revolver) and a term loan in the original principal amount of $3,000 (the Term Loan). The Loan Agreement also provided for a $2,500 letter of credit sub-facility (the Letter of Credit Sub-facility, and collectively with the Revolver and the Term Loan, the Credit Facility). The Credit Facility matures on October 17, 2027. Borrowings under the Revolver and the Letter of Credit Sub-facility will bear interest at an annual rate of 4.5% plus the adjusted term SOFR (or, if the base rate is applicable, an annual rate of 3.5% plus the base rate). Borrowings u …

LongTermDebtTextBlock · excerpt; the full note is in the filing

Recent Accounting Standards Adopted In March 2024, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2024-01, CompensationStock Compensation - Scope Application of Profits Interest and Similar Awards, which provides illustrative guidance to help entities determine whether profits interest and similar awards should be accounted for as share-based payment arrangements within the scope of Topic 718 or another accounting standard. The Company adopted the ASU during the first quarter of fiscal year 2026. This guidance did not have a material impact on the Companys consolidated condensed financial statements. E. Impact of Newly Issued Accounting Standards Accounting Pronouncements - Issued and Not Effective In December 2025, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements, which clarifies the guidance in Topic 270 to improve the consistency of interim financial reporting. The ASU provides a comprehensive list of required interim disclosures and introduces a disclosure principle requiring entities to disclose events since the end of the last annual reporting period that have a material impact on the entity. ASU No. 2025-11 is effective for annual reporting periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods, with early adoption permitted. The Company is currently assessing the …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Retirement Benefit Plans The Company and certain of its subsidiaries sponsor defined benefit pension plans covering some of its employees. The components of the net periodic benefit cost of the Companys defined benefit plans are as follows: Three Months Ended December 31, 2025 2024 Service cost $ 32 $ 43 Interest cost 232 236 Expected return on plan assets (265) (264) Amortization of net loss 17 23 Net periodic pension cost $ 16 $ 38 During the three months ended December 31, 2025 and 2024, the Company made $104 and $42 in cash contributions to its defined benefit pension plans. The Company anticipates making $297 in cash contributions to fund its defined benefit pension plans for the balance of fiscal 2026. The Company does not anticipate making cash contributions above the minimum funding requirement to fund its defined benefit pension plans during the balance of fiscal 2026. …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

Revenue The Company produces forged components for (i) turbine engines that power commercial, business and regional aircraft as well as military aircraft and other military applications; (ii) airframe applications for a variety of aircraft; (iii) industrial gas and steam turbine engines for power generation units; and (iv) commercial space, semiconductor and other commercial applications. Revenue is recognized when performance obligations under the terms of the contract with a customer of the Company are satisfied. A portion of the Companys contracts are from purchase orders (POs), which continue to be recognized as of a point in time when products are shipped from the Companys manufacturing facilities or at a later time when control of the products transfers to the customer. Under the revenue standard, the Company recognizes certain revenue over time as it satisfies the performance obligations because the conditions of transfer of control to the applicable customer are as follows: Certain military contracts, which relate to the provisions of specialized or unique goods to the U.S. government with no alternative use, include provisions within the contract that are subject to the Federal Acquisition Regulation (FAR). The FAR provision allows the customer to unilaterally terminate the contract for convenience and requires the customer to pay the Company for costs incurred plus reasonable profit margin and take control of any work in process. For certain commercial contracts inv …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Segment Information The Company identifies itself as one operating segment, SIFCO, which is a manufacturer of forgings and machined components for the A&E, defense, and commercial space markets. The Company's chief operating decision maker (CODM) is the Chief Executive Officer. The CODM has the ultimate decision-making authority for resource allocation and assessing the performance of the Company. As such, the CODM reviews the income (loss) from continuing operations as a measure of segment profit or loss, as well as segment expense included in the below table, to evaluate operating performance, generate future operating plans and make strategic decisions. The CODM also uses these measures in monitoring plan versus actual results. The CODM does not review segment assets at a different asset level or category than those disclosed in the consolidated balance sheets. Three Months Ended December 31, 2025 2024 Net sales $ 23,973 $ 20,883 Less: Cost of goods sold 18,784 19,955 Selling, general and administrative expenses 2,646 2,840 Other 753 510 Income (Loss) from continuing operations $ 1,790 $ (2,422) Other items include gain on disposal of operating assets, interest expense, gain on forgiven loan, foreign currency exchange loss (gain), other (income) expense, and income tax expense. …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Summary of Significant Accounting Policies A. Principles of Consolidation The accompanying unaudited consolidated condensed financial statements include the accounts of SIFCO Industries, Inc. and its wholly-owned subsidiaries (collectively, the Company). All intercompany accounts and transactions have been eliminated in consolidation. The U.S. dollar is the functional currency for all of the Companys operations in the United States (U.S.) and its non-operating, non-U.S. subsidiaries. For these operations, all gains and losses from completed currency transactions are included in income (loss). These unaudited consolidated condensed financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Companys Annual Report on Form 10-K for the year ended September 30, 2025 (the 2025 Annual Report). The year-end consolidated condensed balance sheet contained in these financial statements was derived from the audited financial statements and disclosures required by accounting principles generally accepted in the U.S. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) and disclosures considered necessary for a fair presentation have been included. The results of operations for any interim period are not necessarily indicative of the results to be expected for other interim periods or the full year. B. Accounting Policies A summary of the Companys significant accounting policies …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing