Granite Construction Inc.
09/16/2025 | Press release | Distributed by Public on 09/16/2025 14:43
Specialized Disclosure Report (Form SD)
Project-level disclosure
Granite Construction Incorporated (the "Company") subsidiary, Granite Infrastructure Canada, Ltd. ("Granite Canada"), is a construction aggregate producer based in British Columbia, Canada operating on Malahat First Nation land. Granite Canada pays royalties for extracted aggregates to the Malahat First Nation. See table below for payments made (in thousands) to the Malahat First Nation for the year ended December 31, 2024.
| Project | Type | Government | Country and Subdivision | Currency Used | Segment | Resource | Method of Extraction | Total Payments (1) | ||||||||||||||||||
| Granite Canada | Royalty | Foreign Government - Tribal Government | CA-BC | CAD | Materials | Hard Rock | Open Pit | $ | 535 | |||||||||||||||||
(1) Total payments are reported in United States ("U.S.") dollars. Payments that were made using Canadian dollars have been converted to U.S. dollars based on the exchange rate as of the Company's fiscal year end.
Government-level disclosure
The Company files a consolidated income tax return in the U.S. that includes all U.S. entities. The Company pays U.S. corporate income taxes based on income before income taxes of the entire U.S. group rather than on a project-by-project basis. The amount (in thousands) in the below table for the year ended December 31, 2024 is based on the consolidated income before income taxes of the Company.
| Type | Government | Country | Currency Used | Total Payments | ||||||||||
| Income Taxes | Federal Government | United States | USD | $ | 18,500 | |||||||||
Granite Construction Inc. published this content on September 16, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on September 16, 2025 at 20:43 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]