STOCKHOLDERS' EQUITY

3 Months Ended

Apr. 30, 2026

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

NOTE 13 – STOCKHOLDERS’ EQUITY

During the three months ended April 30, 2026 and during Fiscal 2026, the Company paid dividends to stockholders as follows:

Record Date	Payment Date	Amount Per Share
April 22, 2026	April 30, 2026	$	0.500
January 22, 2026	January 31, 2026		0.500
October 23, 2025	October 31, 2025		0.500
July 23, 2025	July 31, 2025		0.375
April 22, 2025	April 30, 2025		0.375

On April 8, 2026, the board of directors of Argan increased the total authorization to repurchase shares of the Company’s common stock by $50 million, bringing the aggregate authorized amount to $200 million. Pursuant to its established program and authorizations provided by Argan’s board of directors, the Company repurchased shares of its common stock during the three months ended April 30, 2026 and 2025 and added the shares to treasury stock. During these periods, the Company repurchased 6,450 shares and 55,117 shares of common stock, all on the open market, for aggregate prices of approximately $3.0 million, or $458.21 per share, and $6.8 million, or $124.25 per share, respectively.