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Benchmark 2021-B25 Mortgage Trust's 10-K for the fiscal year ended December 31, 2025, filed on March 23, 2026, confirms compliance with Regulation AB servicing criteria by key servicers including Midland Loan Services (master servicer), Situs Holdings (special servicer for Amazon Seattle and Burlingame Point loans), and others. The trust holds commercial mortgage loans, with major components including the Burlingame Point Mortgage Loan (9.9% of cut-off date pool), Amazon Seattle Mortgage Loan (7.4%), 909 Third Avenue Mortgage Loan (4.1%), Phillips Point Mortgage Loan (4.0%), and 1985 Marcus Mortgage Loan (3.1%). No financial statements are provided as Item 8 is omitted, and no XBRL data is available. Explanatory notes detail pari passu loan combinations serviced under multiple agreements, such as Pooling and Servicing Agreement (Exhibit 4.1) for Amazon Seattle, and others for companion loans. Servicing transfers noted, e.g., Midland as special servicer from March 4, 2025. No material legal proceedings impacting certificateholders beyond routine litigation for CWCapital. All servicers assert material compliance, with auditors attesting. No significant obligors exceed 10% of pool assets.