POST EMPLOYMENT PLANS (Tables)

12 Months Ended

Aug. 31, 2025

The following table summarizes the amount of the funding obligation and the line items in which it is recorded on the consolidated balance sheets as of August 31, 2025 and 2024 and consolidated statements of income for the fiscal years ended August 31, 2025, 2024 and 2023 (in thousands):


	Other Long-Term Liability				Accumulated Other Comprehensive Loss					Operating Expenses
	August 31,									Year Ended August 31,
	2025		2024		2025		2024			2025		2024		2023
Start of period	$	(5,510)	$	(5,843)	$	2,357	$	3,604		$	—	$	—	$	—
Service cost	(456)		(601)		—		—			549		555		365
Interest cost	(307)		(289)		—		—			307		289		139
Prior service cost (including amortization)	—		—		(25)		(24)			25		24		26
Actuarial gains/(losses)	774		1,223		(774)		(1,223)			246		373		122
Totals	$	(5,499)	$	(5,510)	$	1,558	$	2,357	(1)	$	1,127	$	1,241	$	652

(1)The Company has recorded a deferred tax asset of $504,000 and $756,000 as of August 31, 2025 and 2024, respectively, relating to the unrealized expense on defined benefit plans. The Company also recorded accumulated other comprehensive loss, net of tax, for $1,056,000 and $1,602,000 as of August 31, 2025 and 2024, respectively.

Schedule of Assumptions Used

The valuation assumptions used to calculate the liability for the defined benefit plans differ based on the country where the plan applies. These assumptions are summarized as follows:

Year Ended August 31,

Valuation Assumptions:

2025

2024

Discount rate

5.4% to 10.9%

5.0% to 9.7%

Future salary escalation

3.5% to 4.0%

Percentage of employees assumed to withdraw from Company without a benefit (“turnover”)

7.4% to 15.0%

7.5% to 15.0%

Percentage of employees assumed to withdraw from Company with a benefit (“disability”)

0.5% to 1.5%

Schedule of Net Periodic Benefit Cost

For the fiscal year ending August 31, 2026, the Company expects to recognize, as components of net periodic benefit cost, the following amounts currently recorded in accumulated other comprehensive loss (in thousands):


Prior service cost	$	25
Amortization of actuarial loss	208
	$	233

Summary of Other Post-Employment Plans

The following table summarizes the amounts recorded on the balance sheet and amounts expensed on the consolidated statements of income (in thousands):


	Accrued Salaries and Benefits				Other Long-Term Liability				Restricted Cash Held (1)				Operating Expenses
	Years Ended August 31,
	2025		2024		2025		2024		2025		2024		2025		2024		2023
Other Post Employment Plans	$	1,029	$	850	$	6,220	$	5,694	$	5,907	$	5,389	$	2,125	$	2,130	$	1,754

(1)With some locations, local statutes require the applicable Company subsidiary to deposit cash in its own name with designated fund managers. The funds earn interest, which the Company recognizes as interest income.

PRICESMART INC 10-K