Earnings release
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Page 1 of 3 Paris, January 6, 2026 First-quarter 2026 sales First-quarter sales up 8.3% to €833.4 million, as motorhome production ramps up In € millions (unaudited figures) From 9/1/2025 to 11/30/2026 From 9/1/2024 to 11/30/2025 Change Q1 2026/Q1 2025 reported scope exchange rates constant scope and exchange rates Motorhomes and caravans* 759.6 716.4 +6.0% +0.2% -0.6% +6.4% Other leisure activities * 73.8 53.4 +38.2% +47.9% +0.2% -9.9% Total sales 833.4 769.8 +8.3% +3.5% -0.5% +5.3% * Following the acquisition of Bio Habitat, Trigano modified the presentation of its segment information (See 2025 Annual Report, note 4.2.6.3) Motorhomes and caravans During the first quarter, Trigano gradually ramped up motorhome production to better align with the needs of distributors. Deliveries to the networks - buoyed by a strong order book - rose by around 10%. However, due to the more limited availability of end -of-series vehicles, sales to the general public through the integrated distribution network fell slightly over the period. Overall, motorhome sales rose by 7.1% on a like -for-like basis. Caravan sales were up 13.4% on a like -for-like basis in the first quarter, reflecting a favorable basis of comparison and the necessary restocking of the distribution networks. Lastly, sales of leisure vehicle accessories - for which it is currently the low season - fell by 4.1% on a like-for-like basis. Other leisure activities Traditionally weak in the first quarter due to the seasonal closure of many campsites, mobile home sales rose sharply (up 125%), reflecting the integration of BIO Habitat. The decline in constant -scope deliveries (down 23.8%) reflects the low level of available inventory and the good performance recorded in the fourth quarter of 2025. The decline in trailer sales was limited to 1.3% at constant scope and exchange rates, and reflected lower levels of investment by buyers of professional models, in a context where Trigano's overall sales volumes increased by 2.7%.
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Page 2 of 3 Outlook The strong attendance a t the main trade shows and exhibitions at the start of the season confirmed the customers’ ongoing interest in active recreation close to nature. Despite scarcer clearance offers by distributors, Trigano motorhome sales during these shows increased compared to 2024/25, vindicating the relevance of the company’s strategy consisting in offering product ranges tailored to the diverse tastes and use patterns of the customers while maintaining a highly competitive price -to- equipment ratio . Supported by a solid order book for all leisure vehicles (motorhomes, caravans and mobil -homes) and the absence of destocking operations by motorhome distribution networks , Trigano will continue to ramp up production during the second and third quarters to meet demand from distributors as effectively as possible. The healthy trend in commercial activity together with a better use of production capacities means that the Company can confirm a marked improvement in the outlook for its business and results for fiscal year 2026. Trigano will, however, remain attentive to consumer sentiment and adapt its production capacities and costs to changes in demand. Building on a strong cash position , Trigano will be able to keep expanding its integrated distribution network Libertium and take advantage of all external growth opportunities of strategic interest.
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Page 3 of 3 APPENDIX Breakdown of sales by product category * Following the acquisition of Bio Habitat, Trigano modified the presentation of its segment information (See 2025 Annual Report, note 4.2.6.3) Glossary Scope effect Restating the scope for newly consolidated entities consists in: - for entities entering the consolidation scope in the current year: deducting the contribution of the acquisition from the tot als for the current year; - for entities entering the consolidation scope in the previous year: deducting the contribution of the acquisition from September 1 of the current year to the last day of the month of the current year corresponding to that during which the acquisition wa s made the previous year. Restating for entities that left the consolidation scope in the current year consists in deducting the contribution of the entity sold from the totals for the previous year. Exchange rate effect Restating for the exchange rate effect consists in calculating the totals for the current year using exchange rates from the previous year. Second-quarter 2026 sales will be published on March 25, 2026, after market close In millions of euros (unaudited figures) 2025.11 2024.11 Motorhomes 664.9 622.6 +42.3 +6.8% +1.6 +0.3% -3.7 -0.6% +44.4 +7.1% Caravans 31.8 28.4 +3.4 +12.0% -0.3 -1.1% -0.1 -0.4% +3.8 +13.4% Accessories and other 62.9 65.4 -2.5 -3.8% +0.1 +0.2% -0.2 -0.3% -2.4 -3.7% Motorhomes and caravans 759.6 716.4 +43.2 +6.0% +1.4 +0.2% -4.0 -0.6% +45.8 +6.4% Mobile homes 38.7 17.2 +21.5 +125.0% +25.6 +148.8% - - -4.1 -23.8% Trailers 30.9 31.2 -0.3 -1.0% - - +0.1 +0.3% -0.4 -1.3% Other 4.2 5.0 -0.8 -16.0% - - - - -0.8 -16.0% Other leisure activities 73.8 53.4 +20.4 +38.2% +25.6 +47.9% +0.1 +0.2% -5.3 -9.9% Total sales 833.4 769.8 +63.6 +8.3% +27.0 +3.5% -3.9 -0.5% +40.5 +5.3% Three months ended Change reported scope exchange rates constant scope and exchange rates Investor relations Hichem Belblidia Laure Al Hassi Tel.: +33 1 44 52 16 57 Tel.: +33 1 44 52 16 31 Mob.: +33 6 75 06 96 71 communication@trigano.fr hbelblidia@trigano.fr Euronext Paris A – CAC All-Tradable – SRD – CAC Mid 60 – ISIN FR0005691656 – REUTERS: TRIA.PA – BLOOMBERG: TRI:FP * *