Concrete Pumping Holdings, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

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

Note 6 - Leases

Note 6 - Leases

12 Months Ended

Oct. 31, 2025

Notes to Financial Statements

Operating and Finance Leases [Text Block]

Note 6. Leases

Lease expense consisted of the following:

	*Classification on the Consolidated Statement of Operations*	*Year Ended October 31,*			*Year Ended October 31,*
(in thousands)		*2025*			*2024*
Operating lease expense	General and administrative expenses	$	7,375		$	7,324
Short-term and variable lease expense	General and administrative expenses		715			599
Finance lease expense:
Amortization of right-of-use assets	General and administrative expenses		-			2
Sublease income	General and administrative expenses		(145	)		(141	)
Total lease expense		$	7,945		$	7,784

Supplemental other information related to leases:

	*October 31,*			*October 31,*
	*2025*			*2024*
Weighted-average remaining lease term (years) of operating leases		6			7
Weighted-average discount rate of operating leases		7.8	%		7.8	%

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease and finance lease liabilities recorded on the Company’s consolidated balance sheet as of October 31, 2025:

	*Future Payments*
(in thousands)	*Operating Leases*
2026	$	6,258
2027		5,653
2028		4,647
2029		3,601
2030		2,863
Thereafter		6,883
Total lease payments	$	29,905
Less: Interest		(6,395	)
Total lease payments	$	23,510
Less: Current portion		(4,851	)
Long-term portion	$	18,659

As of October 31, 2025, we had no material operating or finance leases that had not yet commenced.

Related Party Leases

The Company has two related party leases. Eco-Pan leases its facility in Pacific, Washington from an investor group in which Bruce Young, the Company’s Chief Executive Officer, holds an approximately 25% interest. Camfaud leases its facility in Essex, England from a trust the trustees of which include Tony Faud, the Company’s Managing Director — U.K., and members of his family.

The following is supplemental consolidated balance sheet information and other information related to related party leases:

(in thousands)		*October 31,*		*October 31,*
Leases	*Classification on the Consolidated Balance Sheet*	*2025*		*2024*
Current assets: Operating leases	Right-of-use operating lease assets	$	2,545	$	2,820
Current liabilities: Operating leases	Operating lease obligations, current portion		357		323
Non-current liabilities: Operating leases	Operating lease obligations, non-current		2,171		2,480
Total leased liabilities		$	2,528	$	2,803

For both years ended October 31, 2025 and 2024, $0.6 million was included in general and administrative expenses on the consolidated statement of operations related to related party leases.