Pure Cycle Corporation Annual report [Section 13 and 15(d), not S-K Item 405]

DEBT AND OTHER LONG-TERM OBLIGATIONS (Tables)

12 Months Ended

Aug. 31, 2025

As of August 31, 2025, the outstanding principal and deferred financing costs of the Company’s loans are as follows:


(In thousands)	August 31, 2025
Single-Family Rental Home Note Payable	$	3,898
Lost Creek Note Payable		2,940
Total outstanding principal		6,838
Deferred financing costs		(47)
Less current maturities, net of current deferred financing costs		(411)
Debt, less current portion	$	6,380

As of August 31, 2025, the scheduled maturities (i.e., principal payments) of the Company’s loans are as follows:


(In thousands)	Scheduled principal payments
Within 1 year	$	425
Year 2		1,336
Year 3		3,153
Year 4		290
Year 5		306
Thereafter		1,328
Total principal payments		6,838
Deferred financing costs		(47)
Total principal payments, net	$	6,791

ROU lease assets and lease liabilities for the Company’s operating leases were recorded in the consolidated balance sheet as follows:


(In thousands)	August 31, 2025			August 31, 2024
Operating leases - ROU assets	$	13		$	158

Operating lease liabilities, current	$	12		$	73
Operating lease liabilities, long term		1			87
Total lease liability	$	13		$	160

Weighted average remaining lease term (in years)		1.0			2.0
Weighted average discount rate		7.5	%		7.5	%