Why does Illumination not have a movie coming out in 2025?

After Despicable Me 4, they don’t have another movie scheduled until the Mario sequel in 2026. Other than 2020, which was the pandemic year, this is the first year since 2014 where they have no movie coming out. All the other animation studios do have something.

If they don’t have anything next year, the animation slate looks pretty weak other than Zootopia 2 (Unless Beyond the Spider-Verse ends up coming out)

What’s the reason for not having anything next year?