Company: WBI
Filing Date: 2025-09-18
Form Type: 424B4
Source: 0001193125-25-206805
Chunk: 339

Company: WaterBridge Infrastructure LLC
Filing Date: 2025-09-18
Form: 424B4
Chunk 339
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 Report of Independent Registered Public Accounting Firm (PCAOB ID Number 34)                                              
 Consolidated Balance Sheets as of December 31, 2024 and 2023                                                              
 Consolidated Statements of Operations for the Years Ended December 31, 2024 and 2023                                      | F-59 
 F-60 
 F-61 |
|:--------------------------------------------------------------------------------------------------------------------------|:-----|
| Consolidated Statements of Changes in Mezzanine Equity and Members’ Equity for the Years Ended December 31, 2024 and 2023 | F-62 |
| Consolidated Statements of Cash Flows for the Years Ended December 31, 2024 and 2023                                      | F-63 |
| Notes to the Consolidated Financial Statements                                                                            | F-64 |

| Unaudited Condensed Consolidated Financial Statements                                                                                                    
 Unaudited Condensed Consolidated Balance Sheets as of June 30, 2025 and December 31, 2024                                                                
 Unaudited Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2025 and 2024                                      | F-88 
 F-89 |
|:---------------------------------------------------------------------------------------------------------------------------------------------------------|:-----|
| Unaudited Condensed Consolidated Statements of Changes in Mezzanine Equity and Members’ Equity for the Three and Six Months Ended June 30, 2025 and 2024 | F-90 |
| Unaudited Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2025 and 2024                                                | F-91 |
| Notes to the Unaudited Condensed Consolidated Financial Statements                                                                                       | F-92 |

<div align='center'>F-1</div>

DESERT ENVIRONMENTAL LLC AND SUBSIDIARIES

| Audited Consolidated Financial Statements                                                            
 Independent Auditor’s Report (PCAOB ID Number 410)                                                   
 Consolidated Balance Sheets as of December 31, 2024 and 2023                                         
 Consolidated Statements of Operations for the Years Ended December 31, 2024 and 2023                 | F-108 
 F-110 
 F-111 |
|:-----------------------------------------------------------------------------------------------------|:------|
| Consolidated Statements of Changes in Member’s Equity for the Years Ended December 31, 2024 and 2023 | F-112 |
| Consolidated Statements of Cash Flows for the Years Ended December 31, 2024 and 2023                 | F-113 |
|