Earnings release
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05/08/2026 , 23:09 2026 Q2 Results 2026 Q2 Results SAVARIA'S SECOND QUARTER DELIVERS 8.4 % REVENUE GROWTH AND CONTINUED MARGIN EXPANSION 2026-08-05 Laval , Québec , Canada - August 5 , 2026 - Savaria Corporation ( " Savaria " ) ( TSX : SIS ) , one of the global leaders in the accessibility industry , is pleased to announce its results for the second quarter of 2026 . Highlights - Q2 2026 compared to Q2 2025 • Revenue was $ 245.8M , up $ 19.0M or 8.4 % , mainly due to organic growth of 6.6 % and acquisition growth of 0.8 % . 。 Accessibility experienced growth of 8.7 % . 。 Patient Care achieved revenue growth of 7.3 % . • Gross profit was $ 97.3M , up $ 8.8M or 9.9 % , representing 39.6 % of revenue , an increase of 60 bps compared to 39.0 % in 2025 . . Operating income was $ 35.8M , up $ 9.1M or 34.1 % , representing 14.6 % of revenue compared to 11.8 % in 2025 . • Net earnings were $ 25.2M or $ 0.34 per share on a diluted basis , compared to $ 16.3M or $ 0.23 per share in 2025 . • Adjusted EBITDA * was $ 51.8M , up $ 5.0M or 10.7 % , representing $ 0.71 per share , up $ 0.06 . • Adjusted EBITDA margin * stood at 21.1 % up 50 bps compared to 20.6 % in 2025 . 。 Accessibility adjusted EBITDA margin reached 23.6 % . 。 Patient Care adjusted EBITDA margin stood at 18.4 % . • Net debt * of $ 172.8M decreased from $ 191.5M as at December 31 , 2025 with a ratio of net debt to adjusted EBITDA * of 0.87 in comparison to 1.03 at year - end . • Available funds * of $ 333.4M to support working capital , investments and growth opportunities . in thousands of dollars , except percentages and per - share amounts 2026 Revenue Gross profit % of revenue Operating income Net earnings $ 245,780 Q2 2025 $ 226,746 Change 2026 YTD 2025 Change $ 97,282 $ 88,490 39.6 % 8.4 % $ 481,325 $ 446,978 9.9 % $ 189,017 $ 171,741 7.7 % 10.1 % 39.0 % 60 bps 39.3 % 38.4 % 90 bps $ 35,819 $ 26,712 $ 25,200 $ Diluted net earnings per share $ 0.34 $ 16,316 0.23 34.1 % $ 68,791 54.4 % $ 47,880 $ 47,950 43.5 % $ 28,795 66.3 % Adjusted net earnings * Adjusted net earnings per share * Adjusted EBITDA * Adjusted EBITDA per share * $ % of revenue 0.71 21.1 % $ 25,635 $ 20,829 $ 0.35 $ 0.29 $ 51,758 $ 46,738 0.65 20.6 % $ 47.8 % $ 0.65 23.1 % $ 48,477 $ 20.7 % $ 0.66 $ 10.7 % $ 99,882 $ 87,385 9.2 % $ 1.37 $ 1.22 50 bps 20.8 % $ 0.40 62.5 % 37,345 0.52 29.8 % 26.9 % 14.3 % 12.3 % 19.6 % 120 bps * Non - IFRS measures are described and reconciled in sections 3 , 6 and 8 of the MD & A . WORDS FROM THE PRESIDENT & CEO AND FROM THE EXECUTIVE CHAIRMAN " We continued our momentum in the second quarter , delivering our best - ever Adjusted EBITDA at $ 51.8M , driven in part by our strong gross margin that reached 39.6 % . Altogether , our Patient Care and Accessibility segments posted 8.4 % revenue growth , fueled by growth in both North America and Europe . Our acquisition of Vipal S.p.A on July 1. 2026. provides us with immediate We value your privacy We use cookies to enhance your browsing experience , serve personalised ads or content , and analyse our traffic . By clicking " Accept All " , you consent to our use of cookies . Cookie Policy Customise https://corp.savaria.com/investor-news?node=Q2-2026-results Accept All 1/5 55
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“Manufacturing in one, central location certainly has its advantages. Yet for Savaria, we haveused our diversification of manufacturing sites to our benefit, particularly as we face ever-changing geopolitical environments. We build in 7 countries, on 3 continents and this has givenus flexibility to change, and advantageous proximity to key sales regions. While it can bechallenging on our operations team to seek efficiencies and manage production, I have highconfidence in our employees to deliver. The investments we made in prior years havestrengthened our business fundamentals, giving us more confidence to create success across thecorporation. My goal was always to design, manufacture and sell products to support peoples’mobility and I am grateful to our employees around the world that we successfully do this formore customers every day,” said Marcel Bourassa, Executive Chairman. SECOND QUARTER RESULTS - Q2 2026 COMPARED TO Q2 2025 REVENUE Revenue reached $245.8M, up $19.0M or 8.4%. The increase was mainly due to organic growthof 6.6% combined with a positive foreign exchange impact of 1.0% and growth from acquisitionsof 0.8%. Accessibility segment (78% of Q2-26 revenue): Revenue was $192.0M, an increase of$15.4M or 8.7%.Patient Care segment (22% of Q2-26 revenue): Revenue was $53.7M, an increase of $3.7M or7.3%. OPERATING INCOME Operating income was $35.8M, up $9.1M or 34.1%, representing an operating margin of 14.6%compared to 11.8% in Q2 2025. The prior year period included $4.6M of strategic initiativeexpenses, compared to none in the current quarter, following the completion of Savaria One,accounting for approximately 19.7 percentage points of the year-over-year increase. ADJUSTED EBITDA Adjusted EBITDA and adjusted EBITDA margin were $51.8M and 21.1%, respectively, comparedto $46.7M and 20.6% for Q2 2025. Accessibility segment: Adjusted EBITDA and adjusted EBITDA margin were $45.4M and23.6%, respectively, compared to $38.8M and 21.9% for Q2 2025.Patient Care segment: Adjusted EBITDA and adjusted EBITDA margin stood at $9.9M and18.4%, respectively, compared to $10.5M and 20.9% for Q2 2025. SIX-MONTH RESULTS - YTD 2026 COMPARED TO YTD 2025 REVENUE The Corporation generated revenue of $481.3M, up $34.3M or 7.7%. The increase was driven byorganic growth of 6.1%, a positive foreign exchange impact of 0.8% and growth from acquisitionsof 0.8%. OPERATING INCOME Operating income was $68.8M, up $20.8M or 43.5%, representing an operating margin of 14.3%compared to 10.7% in 2025. The prior year included $9.3M of strategic initiative expenses,compared to none in the current year, accounting for approximately 23.3 percentage points ofthe year-over-year increase. We value your privacy We use cookies to enhance your browsing experience, serve personalised ads or content, and analyse our traffic. By clicking "Accept All", you consent to our useof cookies. Cookie Policy 05/08/2026, 23:09 2026 Q2 Results https://corp.savaria.com/investor-news?node=Q2-2026-results 2/5
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ADJUSTED EBITDA Adjusted EBITDA and adjusted EBITDA margin stood at $99.9M and 20.8%, respectively,compared to $87.4M and 19.6% in 2025. LIQUIDITY AND CAPITAL RESOURCES Savaria generated $69.1M of cash from operations which was primarily used to invest in capitalprojects, including R&D, business acquisitions, repay debt and pay taxes, leases and dividends. As at June 30, 2026, the Corporation had a net debt of $172.8M and a ratio of net debt toadjusted EBITDA of 0.87 compared to 1.03 as of December 31, 2025. OUTLOOK Continuing its momentum after the completion of Savaria One, Savaria will target a top-lineincrease of approximately 12% per year for the next five years, derived from organic andacquisition growth. This will bring Savaria to approximately $1.6 billion in revenue at the end of2030, while maintaining adjusted EBITDA margins of at least 20%. Ultimately this shouldincrease adjusted EBITDA per share to approximately $4.25 by 2030.Alongside strong industry tailwinds driven by an aging population, our key internal priorities todeliver this plan include: Increasing our organic growth rate through high impact commercial initiatives including thecontinued introduction of new product lines to grow market share and tap into new markets;Complement commercial initiatives by pursuing acquisitions;Increasing gross margin across the business, driven by continuous improvement initiatives andframeworks developed under Savaria One;Continue to enhance our business systems to enable and support growth. ENVIRONMENTAL, SOCIAL AND GOVERNANCE (“ESG”) VALUES Savaria is one of the global leaders in the accessibility industry, committed to reducing itsenvironmental impact while upholding strong social and governance practices. Responsibleenvironmental and social conduct across the organization underpins sustainable growth andlong-term value creation. Savaria embeds ESG considerations into its business through productinnovation that supports accessibility, ongoing efforts to improve operational efficiency andresource use, and active engagement with employees and stakeholders. Advancing ESG priorities requires a long-term, collaborative approach, grounded in clear actions,disciplined planning, and a continued focus on transparency. Consistent with this commitment,Savaria published its third annual ESG Report on March 4, 2026, which provides enhancedsustainability-related disclosures and an update on the Company’s ESG priorities, strategy, andongoing initiatives. The report is available in the Investors section of our website at savaria.com. Savaria Corporation (savaria.com) is one of the global leaders in the accessibility industry. Itprovides accessibility solutions for the physically challenged to increase their comfort, theirmobility and their independence. Its product line is one of the most comprehensive on themarket. Savaria designs, manufactures, distributes and installs accessibility equipment, such aselevators for home and commercial use, stairlifts for straight and curved stairs, vertical andinclined wheelchair lifts and dumbwaiters. In addition, Savaria manufactures and markets acomprehensive selection of pressure management products, medical beds, as well as anextensive line of medical equipment and solutions for the safe movement of patients, such astransfer, lifting and repositioning aids. The Corporation operates a sales network of dealersworldwide and direct sales offices in North America, Europe (UK, Netherlands, Switzerland, Italy,Germany, Poland and Czech Republic) and Australia. Savaria employs approximately 2,600 We value your privacy We use cookies to enhance your browsing experience, serve personalised ads or content, and analyse our traffic. By clicking "Accept All", you consent to our useof cookies. Cookie Policy 05/08/2026, 23:09 2026 Q2 Results https://corp.savaria.com/investor-news?node=Q2-2026-results 3/5
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people globally and its plants are located across Canada, the United States, Mexico, Europe andChina. Compliance with International Financial Reporting Standards (“IFRS”) The information appearing in this press release has been prepared in accordance with IFRS.However, Savaria uses EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted EBITDAper share, adjusted net earnings, adjusted net earnings per share, available funds, net debt andratio of net debt to adjusted EBITDA for analysis purposes to measure its financial performance.These measures have no standardized definitions in accordance with IFRS and are thereforeregarded as non-IFRS measures. These measures may therefore not be comparable to similarmeasures reported by other companies. Additional details for these non-IFRS measures can befound in sections 3, 6 and 8 of Savaria’s MD&A, which is posted on Savaria’s website atsavaria.com, and filed with SEDAR+ at sedarplus.ca. Reconciliation of adjusted net earnings andadjusted EBITDA with net earnings is presented in the section below. Forward-Looking Statements This press release includes certain statements that are “forward-looking statements” within themeaning of the securities laws of Canada. Any statement in this press release that is not astatement of historical fact may be deemed to be a forward-looking statement. When used in thispress release, the words “believe”, “could”, “should”, “intend”, “expect”, “estimate”, “assume” andother similar expressions are generally intended to identify forward-looking statements. It isimportant to know that the forward-looking statements in this document describe theCorporation’s expectations as at the date hereof, which are not guarantees of futureperformance of Savaria or its industry, and involve known and unknown risks and uncertaintiesthat may cause Savaria’s or the industry’s outlook, actual results or performance to be materiallydifferent from any future results or performance expressed or implied by such statements. TheCorporation’s actual results could be materially different from its expectations if known orunknown risks affect its business, or if its estimates or assumptions turn out to be inaccurate. A change affecting an assumption can also have an impact on other interrelated assumptions,which could increase or diminish the effect of the change. As a result, the Corporation cannotguarantee that any forward-looking statement will materialize and, accordingly, the reader iscautioned not to place undue reliance on these forward-looking statements. Forward-lookingstatements do not take into account the effect that transactions or special items announced oroccurring after the statements are made may have on the Corporation’s business. For example,they do not include the effect of sales of assets, monetizations, mergers, acquisitions, otherbusiness combinations or transactions, asset write-downs or other charges announced oroccurring after forward-looking statements are made. Unless otherwise required by applicable securities laws, Savaria disclaims any intention orobligation to update or revise the forward-looking statements, whether as a result of newinformation, future events or otherwise. The foregoing risks and uncertainties include the risksset forth under “Risks and Uncertainties” in Savaria’s latest Annual MD&A as well as other risksdetailed from time to time in reports filed by Savaria with securities regulators in Canada.-30- RESULTS WEBCAST AND CONFERENCE CALL ON AUGUST 6, 2026, AT 8:30 A.M.(EDT) Savaria will host a conference call on Thursday, August 6th at 8:30 a.m. Eastern Daylight Timewith financial analysts to discuss results of the period ended June 30, 2026. Investors andmembers of the media are invited to participate on a listen-only basis. Conference call access: To register Webcast (en) We value your privacy We use cookies to enhance your browsing experience, serve personalised ads or content, and analyse our traffic. By clicking "Accept All", you consent to our useof cookies. Cookie Policy 05/08/2026, 23:09 2026 Q2 Results https://corp.savaria.com/investor-news?node=Q2-2026-results 4/5
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Link to the replay of the webcast will be available on the Corporation’s website at savaria.com. For further information: FacebookInstagramLinkedIn Reconciliation of adjusted net earnings and adjusted EBITDA with net earnings is providedbelow. Complete financial statements and the management’s report for Q2 2026 will be availableshortly on Savaria’s website and on SEDAR+ sedarplus.ca. RECONCILIATION OF ADJUSTED NET EARNINGS* AND ADJUSTED EBITDA* WITHNET EARNINGS Sébastien BourassaPresident and Chief Executive Officer1.800.661.5112sb@savaria.com Stephen Reitknecht, CPA, CAChief Financial Officer1.800.661.5112, ext. 3370sreitknecht@savaria.com We value your privacy We use cookies to enhance your browsing experience, serve personalised ads or content, and analyse our traffic. By clicking "Accept All", you consent to our useof cookies. Cookie Policy 05/08/2026, 23:09 2026 Q2 Results https://corp.savaria.com/investor-news?node=Q2-2026-results 5/5