Cross Timbers Royalty Trust : 3rd Quarter (CRT 3Q 2025 Qtr Report for Website)

About this update from Cross Timbers Royalty Trust

Tax Information Per Unit Third Quarter Report 2025 MONTHLY DISTRIBUTIONS PAID ON: ($/UNIT EXCEPT COST DEPLETION FACTORS) August 14, 2025 September 15, 2025 October 15, 2025 Total Gross Income ..................................................................................... $ 0.050774 $ 0.032537 $ 0.070677 $ 0.153988 Less Severance Taxes ......................................................................... (0.006988) (0.005508) (0.014566) (0.027062) Interest Income .................................................................................. 0.000693 0.000698 0.000729 0.002120 Less Administration Expenses ............................................................. (0.005770) (0.005970) (0.016754) (0.028494) Reconciling Items............................................................................... (0.008333) (0.008333) (0.008333) (0.024999) Net Cash Distribution.................................................................. $ 0.030376 $ 0.013424 $ 0.031753 $ 0.075553 Cost Depletion Factors: Texas - 90% ......................................................................... 0.008948 0.004634 0.006487 0.020069 Oklahoma - 90% .................................................................. 0.008622 0.007153 0.019123 0.034898 New Mexico - 90% ............................................................... 0.005101 0.005054 0.013232 0.023387 Texas - 75% ......................................................................... 0.000000 0.000000 0.000000 0.000000 Oklahoma - 75% .................................................................. 0.000000 0.000000 0.002451 0.002451 3 rd Quarter Report 2025 Cross Timbers Royalty Trust Cross Timbers Royalty Trust 3838 Oak Lawn Ave, Suite 1720, Dallas, TX 75219 855.588.7839 ■ Argent Trust Company, Trustee ■ https://www.crt-crosstimbers.com Unitholders owning units in nominee name may obtain monthly tax information from the Trustee upon request or from the Trust's web site at https://www.crt-crosstimbers.com . F To Unitholders: or the quarter ended September 30, 2025, net profits income was $761,552 compared to $1,697,724 for third quarter 2024. This 55 percent decrease in net profits income is primarily the result of decreased oil and gas production ($1.0 million), and lower oil prices ($0.5 million), partially offset by decreased production expenses ($0.3 million), decreased taxes, transportation and other costs ($0.2 million), and net excess costs activity ($0.1 million). After adding interest income of $12,729, deducting administration expense of $170,963, and increasing the expense reserve $150,000, distributable income for the quarter ended September 30, 2025, was $453,318, or $0.075553 per unit of beneficial interest. Administration expense for the quarter decreased $19,973 from the prior year quarter, primarily related to the timing of receipt and payment of Trust expenses and terms of professional services. Changes in interest income are attributable to fluctuations in net profits income, expense reserve, and interest rates. For third quarter 2024, distributable income was $1,521,252, or $0.253542 per unit. Distributions to unitholders for the quarter ended September 30, 2025, were: Distribution Record Date Payment Date Per Unit July 31, 2025 August 14, 2025 $ 0.030376 August 29, 2025 September 15, 2025 0.013424 September 30, 2025 October 15, 2025 0.031753 $ 0.075553 This letter, and all communications to unitholders, includes information provided to the Trustee by XTO Energy Inc. Cross Timbers Royalty Trust By: Argent Trust Company, Trustee By: Nancy Willis Director of Royalty Trust Services Cross Timbers Royalty Trust Financial Statements Condensed Statements of Assets, Liabilities and Trust Corpus (Unaudited) September 30, December 31, 2025 2024 ASSETS Cash and short-term investments...................................................................................... $ 1,486,143 $ 1,369,379 Interest to be received...................................................................................................... 4,375 4,211 Net profits interests in oil and gas properties - net ............................................................ 2,233,097 2,433,344 $ 3,723,615 $ 3,806,934 LIABILITIES AND TRUST CORPUS Distribution payable to unitholders.................................................................................... $ 190,518 $ 373,590 Expense reserve (a) ............................................................................................................ 1,300,000 1,000,000 Trust corpus (6,000,000 units of beneficial interest authorized and outstanding)..................................................................................... 2,233,097 2,433,344 $ 3,723,615 $ 3,806,934 (a) Expense reserve allows the Trustee to pay its obligations should it be unable to pay them out of the net profits income. The reserve is currently funded at $1,300,000. Condensed Statements of Distributable Income (Unaudited) Three Months Ended September 30 Nine Months Ended September 30 2025 2024 2025 2024 Net profits income...................................................... $ 761,552 $ 1,697,724 $ 4,108,712 $ 5,100,336 Interest income 12,729 14,464 36,717 46,610 Total income 774,281 1,712,188 4,145,429 5,146,946 Administration expense 170,963 190,936 715,625 786,722 Expense reserve 150,000 - 300,000 - Distributable income .................................................. $ 453,318 $ 1,521,252 $ 3,129,804 $ 4,360,224 Distributable income per unit (6,000,000 units) ................. $ 0.075553 $ 0.253542 $ 0.521634 $ 0.726704 Condensed Statements of Changes in Trust Corpus (Unaudited) Three Months Ended September 30 Nine Months Ended September 30 2025 2024 2025 2024 Trust corpus, beginning of period ............................... $ 2,290,044 $ 2,550,725 $ 2,433,344 $ 2,671,583 Amortization of net profits interests ........................... (56,947) (72,750) (200,247) (193,608) Distributable income ................................................. 453,318 1,521,252 3,129,804 4,360,224 Distributions declared ............................................... (453,318) (1,521,252) (3,129,804) (4,360,224) Trust corpus, end of period ........................................ $ 2,233,097 $ 2,477,975 $ 2,233,097 $ 2,477,975 These Condensed Financial Statements should be read in conjunction with the Condensed Financial Statements and notes thereto included in the Trust's quarterly report on Form 10-Q for the quarter ended September 30, 2025.

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