Exhibit 99.1

PAMT CORP

ANNOUNCES RESULTS FOR THE SECOND QUARTER

ENDED JUNE 30, 2025

Second Quarter 2025 Summary Results

● Total revenues of $151.1 million, down 17.4% YoY

● Operating loss of $11.1 million

● Operating ratio of 107.3%

● Diluted loss per share of $0.46

Tontitown, Arkansas, July 25, 2025...... PAMT CORP (NASDAQ: PAMT) (“we” or the “Company”) today reported consolidated net loss of $9.6 million, or diluted and basic loss per share of $0.46, for the quarter ended June 30, 2025. These results compare to consolidated net loss of $2.9 million, or diluted and basic loss per share of $0.13, for the quarter ended June 30, 2024.

Operating revenues decreased 17.4% to $151.1 million for the second quarter of 2025 when compared to $182.9 million for the second quarter of 2024.

Liquidity, Capitalization, and Cash Flow

As of June 30, 2025, we had an aggregate of $177.1 million of cash, marketable equity securities, and available liquidity under our line of credit and $244.9 million of stockholders’ equity. Outstanding debt was $331.2 million as of June 30, 2025, which represents a $5.7 million increase from December 31, 2024. During the first half of 2025, we generated $17.2 million in operating cash flow.

About PAMT CORP

PAMT CORP is a holding company that owns subsidiaries engaged in providing truckload dry van carrier services transporting general commodities throughout the continental United States, as well as in the Canadian provinces of Ontario and Quebec. The Company’s consolidated operating subsidiaries also provide transportation services in Mexico through its gateways in Laredo and El Paso, Texas, under agreements with Mexican carriers.

Forward-Looking Statements

Certain information included in this document contains or may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may relate to expected future financial and operating results, prospects, plans or events, and are thus prospective. Such forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, excess capacity in the trucking industry; surplus inventories; general inflation, recessionary economic cycles and downturns in customers' business cycles; a significant reduction in or termination of the Company's trucking service by a key customer, including as a result of recent or future labor or international trade disruptions; increases or rapid fluctuations in fuel prices, interest rates, fuel taxes, tolls, and license and registration fees; potential economic, business or operational disruptions or uncertainties that may result from any future public health crises; the resale value of the Company's used equipment; the price and availability of new equipment consistent with anticipated acquisitions and replacement plans; increases in compensation for and difficulty in attracting and retaining qualified drivers and owner-operators; increases in insurance premiums and deductible amounts relating to accident, cargo, workers' compensation, health, and other claims; increases in the number or amount of claims for which the Company is self-insured; inability of the Company to continue to secure acceptable financing arrangements; seasonal factors such as harsh weather conditions that increase operating costs; competition from trucking, rail, and intermodal competitors including reductions in rates resulting from competitive bidding; the ability to identify acceptable acquisition candidates, consummate acquisitions, and integrate acquired operations; our ability to develop and implement suitable information technology systems and prevent failures in or breaches of such systems; the impact of pending or future litigation; general risks associated with doing business in Mexico, including, without limitation, exchange rate fluctuations, inflation, import duties, tariffs, quotas, political and economic instability and terrorism; the potential impact of new laws, regulations or policy, including, without limitation, rules regarding the classification of independent contractors as employees, tariffs, import/export, trade and immigration regulations or policies; and other factors, including risk factors, included from time to time in filings made by the Company with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise forward-looking statements, whether due to new information, future events or otherwise. Considering these risks and uncertainties, the forward-looking events and circumstances discussed above and in company filings might not transpire.

PAMT CORP

Key Financial and Operating Statistics

(unaudited)

	Quarter Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
	(in thousands, except earnings per share)						(in thousands, except earnings per share)
Revenue, before fuel surcharge	$	133,806		$	160,213		$	270,506		$	321,182
Fuel surcharge		17,328			22,735			35,969			44,358
Operating Revenue		151,134			182,948			306,475			365,540
Operating expenses and costs:
Salaries, wages and benefits		40,851			43,759			81,665			87,822
Operating supplies and expenses		29,028			35,309			60,413			70,020
Rent and purchased transportation		64,866			74,803			127,838			148,082
Depreciation		21,719			18,705			44,315			37,640
Insurance and claims		5,167			5,464			9,948			10,325
Other		4,986			5,752			9,985			12,931
(Gain)/loss on disposition of equipment		(4,414	)		(139	)		(7,428	)		101
Total operating expenses and costs		162,203			183,653			326,736			366,921
Operating loss		(11,069	)		(705	)		(20,261	)		(1,381	)
Interest expense		(4,032	)		(3,284	)		(8,075	)		(6,167	)
Non-operating income		2,263			209			4,749			4,147
Loss before income taxes		(12,838	)		(3,780	)		(23,587	)		(3,401	)
Income tax benefit		(3,211	)		(870	)		(5,817	)		(772	)
Net loss	$	(9,627	)	$	(2,910	)	$	(17,770	)	$	(2,629	)
Diluted loss per share	$	(0.46	)	$	(0.13	)	$	(0.83	)	$	(0.12	)
Average shares outstanding – Diluted		21,095			21,932			21,498			21,981

	Quarter Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
Truckload Operations
Total miles (in thousands) (1)		40,355			45,829			81,571			89,894
Operating ratio (2)		112.5	%		103.7	%		111.7	%		103.9	%
Empty miles factor		8.90	%		8.95	%		8.97	%		8.78	%
Revenue per total mile, before fuel surcharge (1)	$	2.04		$	2.09		$	2.04		$	2.10
Total loads		98,814			110,511			193,458			212,712
Revenue per truck per workday	$	697		$	714		$	685		$	710
Revenue per truck per week	$	3,485		$	3,572		$	3,423		$	3,552
Average company-driver trucks		1,579			1,920			1,623			1,912
Average owner operator trucks		505			413			509			389
Logistics Operations
Total revenue (in thousands)	$	40,982		$	53,659		$	85,254		$	112,428
Operating ratio		98.7	%		93.9	%		98.3	%		93.9	%

PAMT CORP

Condensed Consolidated Balance Sheets

(unaudited)

	June 30,			December 31,
	2025			2024
	(in thousands)
ASSETS
Current Assets:
Cash and cash equivalents	$	68,915		$	68,060
Trade accounts receivable, net		75,683			79,967
Other receivables		5,136			4,854
Inventories		2,382			2,433
Prepaid expenses and deposits		8,523			11,555
Marketable equity securities		48,384			42,620
Income taxes refundable		-			2,281
Total current assets		209,023			211,770
Property and equipment		776,040			836,490
Less: accumulated depreciation		281,194			309,272
Total property and equipment, net		494,846			527,218
Other non-current assets		3,998			2,666
Total Assets	$	707,867		$	741,654
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	30,964		$	31,198
Accrued expenses and other liabilities		16,614			14,569
Income taxes payable		1,774			-
Current portion of long-term debt		68,827			73,017
Total current liabilities		118,179			118,784
Long-term debt, net of current portion		262,406			252,565
Deferred income taxes		81,790			92,547
Other long-term liabilities		578			250
Total liabilities		462,953			464,146
STOCKHOLDERS’ EQUITY
Common stock		224			224
Additional paid-in capital		41,274			41,171
Treasury stock, at cost		(28,924	)		(13,996	)
Retained earnings		232,340			250,109
Total stockholders’ equity		244,914			277,508
Total liabilities and stockholders’ equity	$	707,867		$	741,654

1) Excludes miles driven by third party power only carriers.

2) The Truckload Operations operating ratio has been calculated based upon total operating expenses, net of fuel surcharge, as a percentage of revenue, before fuel surcharge. We used revenue, before fuel surcharge, and operating expenses, net of fuel surcharge, because we believe that eliminating this sometimes volatile source of revenue affords a more consistent basis for comparing our results of operations from period to period.

FROM: PAMT CORP

P.O. BOX 188

Tontitown, AR 72770

Lance K. Stewart

(479) 361-9111