EQS-News: Bajaj Mobility AG: Quarterly Report 1st Quarter 2026

EQS-News: Bajaj Mobility AG / Key word(s): Quarter Results/Quarter Results
   Bajaj Mobility AG: Quarterly Report 1st Quarter 2026

   13.05.2026 / 06:48 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Corporate News           

   Quarterly Report Bajaj Mobility AG: 1st Quarter 2026

     • Significant revenue growth to EUR 331.3 mn
     • Motorcycle sales more than doubled
     • Successful start into the motorsport season

    

   Mattighofen, 13 May 2026

   Bajaj Mobility AG (formerly PIERER Mobility AG) made a successful start to
   the 2026 financial year. The first quarter showed a significant
   operational improvement compared to the same quarter of the previous year:
   sales of motorcycles of the KTM, Husqvarna and GASGAS brands increased
   strongly, the restructuring measures were effective and therefore had a
   positive impact on the most important key figures.

   Highlights Q1 2026:

     • Significant revenue growth: EUR 331.3 mn (+70.2% vs. Q1/25)
     • Motorcycle units[1][1]: increased by +125.1% to 40,332 units
     • Motorcycle revenue rose by even +151.6% to EUR 272.4 mn
     • Positive EBITDA: EUR 5,5 mn (EUR -55,8 mn vs. Q1/25)
     • EBIT improved by EUR 65.5 mn (+71.5% vs. Q1/25)
     • Equity: EUR 350.7 mn | Equity ratio: 22.2%
     • Successful refinancing of KTM AG: EUR 550 mn
     • Worldwide inventories have been further reduced

   Strong demand and improved earnings situation confirm the restructuring
   program

   The sales trend in the first quarter of 2026 showed the strong demand for
   motorcycles of KTM, Husqvarna and GASGAS. Overall, motorcycle unit sales
   rose from 17,915 to 40,332 motorcycles (+125.1% vs. Q1/25). Motorcycle
   revenue more than doubled compared to the first quarter of 2025 from EUR
   108.3 mn to EUR 272.4 mn (+151.6% vs. Q1/25).

   At the same time, the full focus on the restructuring program remained.
   The concentration on the motorcycle business and the reduction of
   organizational complexity have led to a sustainable cost reduction. Global
   inventories were further reduced. Group revenue increased by +70.2% to EUR
   331.3 mn. Revenue for the first quarter of 2026 also includes EUR 1.0 mn
   (vs. Q1/25: EUR 26.8 mn) from the sale of remaining stocks in the bicycle
   segment.

   In addition to the positive sales development, the consistent
   restructuring measures had a significant impact on the result of operating
   activities. Compared to the previous year, EBIT improved by EUR 65.5 mn
   from EUR -91.6 mn to EUR -26.1 mn (+71.5%). EBITDA is positive at EUR 5.5
   mn (vs. Q1/25: EUR -55.8 mn). The equity value was at EUR 350.7 mn as of
   March 31, 2026. The equity ratio equals 22.2%.

   Refinancing successfully completed – financial basis strengthened

   A key milestone of the first quarter of 2026: KTM AG successfully
   completed the refinancing of EUR 550 mn in February 2026. The unsecured
   loan with a maturity of five years and very favorable terms was provided
   by an international banking consortium consisting of J.P. Morgan SE, HSBC,
   DBS Bank Limited and MUFG Bank Ltd. The transaction enabled the full
   repayment of Bajaj Auto International Holdings B.V.'s restructuring loan
   of around EUR 473 mn (incl. payment-in-kind) and significantly strengthens
   the Group's financial basis and flexibility.

   CFO Petra Preining: "The significant increase in motorcycle sales and the
   positive EBITDA prove that our operational realignment is taking effect.
   At the same time, we have sustainably strengthened our financial stability
   with the refinancing and created the basis for profitable growth."

   Organisational structure streamlined – KTM AG Management reinforced

   In the course of the restructuring, further measures were taken to
   streamline structures to sustainably strengthen our competitiveness. In
   the first quarter of 2026 a staff reduction of 500 employees was
   initiated, mainly affecting the white-collar sector and middle management.
   This is expected to be completed by Q3 2026. The measures were developed
   in close cooperation with the works council and the social partners to
   ensure a socially responsible implementation.

   At the same time, KTM AG is strengthening its management: On April 1,
   2026, Stephan Reiff took over the position as Chief Commercial Officer and
   is responsible for marketing and sales activities with the aim of
   improving the company's commercial performance. Starting with May 4, 2026,
   Klaus Allisat took over the position of Vice President Sales Europe,
   Johann von Balluseck that of Vice President Sales Rest of World. With
   these appointments, the company is sending a clear signal for consistent
   further development in its international core markets.

   Start of the 2026 motorsport season underlines global competitive strength

   The success in motorsport continued in 2026 and underlines the Group's
   technological leadership position:

     • Luciano Benavides won the 2026 Dakar Rally with Red Bull KTM Factory
       Racing – KTM's 21st Dakar title
     • Billy Bolt crowned SuperEnduro World Champion for Husqvarna Factory
       Racing for sixth consecutive year
     • Lucas Coenen leads the MXGP World Championship
     • Simon Längenfelder and Sacha Coenen are in the double lead of the MX2
       championship

   Outlook for 2026:

   For the 2026 financial year, the focus is on continuing the restructuring
   program and to increase profitability. The efficiency program will
   continue with full focus on streamlining the product and project
   portfolio.

   CEO Gottfried Neumeister:

   "The first quarter of 2026 marks a noticeable turning point for our
   company. The positive response to our new models combined with implemented
   restructuring measures shows that we have set the right priorities. Now it
   is important to use this momentum, further increase our efficiency and
   secure sustainable profitability."

    

   About Bajaj Mobility AG (formerly PIERER Mobility AG)

   Bajaj Mobility AG (formerly PIERER Mobility AG) is one of the world's
   leading suppliers of premium motorcycles‑ and is part of a global mobility
   group as a listed subsidiary of Bajaj Auto Ltd., the world's most valuable
   two‑ and three-wheeler‑company. As the holding company of KTM AG, it
   unites the renowned performance‑brands KTM, Husqvarna Motorcycles and
   GASGAS and, with its Austrian headquarters, stands for European
   engineering at the highest level – from racing machines to road‑ and
   off-road‑models to travel-oriented bikes, supplemented by high-quality
   WP‑components. A strong market presence in over 70 countries and a loyal
   community position the Group as an innovation leader with a diversified
   product portfolio, while through Bajaj Auto Ltd. it also benefits from
   extensive technological expertise and a global distribution network that
   enables sustainable implementation and long-term value creation.

    

    For more information

   Investor Relations

   E-Mail: [2][email protected]

   Website:[3] https://www.bajajmobility.com

   ISIN: AT0000KTMI02; Schweizer Valorennummer (Schweiz): 41860974;
   Ticker-Symbol: BMAG; Bloomberg: BMAG SW, BMAG AV; Reuters: BMAG. S,
   BMAG.VI  

   [4]^[1] KTM, Husqvarna and GASGAS motorcycles

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   13.05.2026 CET/CEST This Corporate News was distributed by [5]EQS Group

   View original content: [6]EQS News

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   Language:    English
   Company:     Bajaj Mobility AG
                Stallhofnerstraße 3
                5230 Mattighofen
                Austria
   Phone:       +43 (0) 7742-6000
   Fax:         +43 (0)7742-6000300
   E-mail:      [email protected]
   Internet:    www.bajajmobility.com
   ISIN:        AT0000KTMI02
   WKN:         A2JKHY
   Listed:      SIX, Vienna Stock Exchange
   EQS News ID: 2326614

   Valorennummer (Schweiz): 41860974 Wertpapierkürzel: BMAG Bloomberg: PKTM
   SW; PKTM AV Reuters: PKTM.S; PKTM.VI

    
   End of News EQS News Service


   2326614  13.05.2026 CET/CEST

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