Boardroom Alpha
10-K/A primary document
BH · Amended Annual Report (Form 10-K/A) · Filed March 31, 2026

Biglari Holdings Inc10-K/A exhibit

bh-10xka20251231xexx9901.htm
Document

Exhibit 99.01


CONSENT OF THE LION FUND II, L.P.


Board of Directors
Biglari Holdings Inc.
19100 Ridgewood Parkway, Suite 1200
San Antonio, TX 78259



Members of the Board:

We hereby consent to the use by Biglari Holdings Inc. of the audited financial statements of The Lion Fund II, L.P. as of and for the periods ended December 31, 2025, 2024 and 2023 appearing in the Form 10-K/A for the fiscal year ended December 31, 2025 filed by Biglari Holdings Inc. with the Securities and Exchange Commission and any amendment thereto.


The Lion Fund II, L.P.
By:Biglari Capital Corp., its general partner
By:/s/ Sardar Biglari
Name: Sardar Biglari
Title: Chairman and Chief Executive Officer
March 31, 2026




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