Company: LGN
Filing Date: 2025-12-09
Form Type: S-1
Source: 0001193125-25-312729
Chunk: 27

Company: Legence Corp.
Filing Date: 2025-12-09
Form: S-1
Chunk 27
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 |    |     |      |       — |    |     |      |       — |    |
| Adjusted EBITDA                  |     |                     $ | 172,837 |    |     |    $ | 211,844 |    |     |                  $ | 119,835 |    |     |    $ | 166,410 |    |     |    $ | 229,625 |    |
| Net loss margin                  |     |                       |    (0.6 | )% |     |      |    (1.2 | )% |     |                    |    (6.6 | )% |     |      |    (2.8 | )% |     |      |    (1.3 | )% |
| Adjusted EBITDA margin           |     |                       |    11.1 | %  |     |      |    11.7 | %  |     |                    |     9.6 | %  |     |      |    10.3 | %  |     |      |    10.9 | %  |

| (1) | Represents costs incurred in connection with our debt refinancings in each of the periods presented. |

| (2) | Refer to “Note 5—Goodwill and Intangible Assets” in the Notes to Consolidated Financial 
 Statements, for details on the nature of the impairment.                                |

| (3) | For the nine months ended September 30, 2025 and 2024, the figures include $1.0 million and $5.6 million,                                                                                                                                                
 respectively, of acquisition costs recorded in acquisition-related costs and $1.9 million and $1.5 million, respectively, of acquisition integration costs recorded in selling, general and administrative costs in the Consolidated Condensed Statement 
 of Operations. For the years ended December 31, 2024, 2023 and 2022, the figures include $5.6 million, $3.8 million and $5.6 million, respectively, of acquisition costs recorded in acquisition-related costs, and                                      
 $1.1 million, $1.6 million and $1.0 million, respectively, of acquisition integration costs recorded in selling, general and administrative costs in the Consolidated Statements of Operations.                                                          |

| (4) | Represents consulting and initial upfront costs associated with implementing and optimizing certain enterprise 
 resource planning systems, including IFS, Onestream