EQS-News: Bajaj Mobility AG Quarterly Report Q3/26: Group revenue exceeds EUR 1 billion after three quarters; EBIT up EUR 10 million to EUR 11.3 million in Q3/26

EQS-News: Bajaj Mobility AG / Key word(s): Quarterly / Interim
   Statement/Quarter Results
   Bajaj Mobility AG Quarterly Report Q3/26: Group revenue exceeds EUR 1
   billion after three quarters; EBIT up EUR 10 million to EUR 11.3 million
   in Q3/26

   03.11.2026 / 06:51 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Corporate News           

    

    

   Bajaj Mobility AG Quarterly Report Q3/26:

   Group revenue exceeds EUR 1 billion after three quarters;

   EBIT up EUR 10 million to EUR 11.3 million in Q3/26

    

     • Group revenue reaches EUR 351.1 million (+57.0% vs. Q3/25)
     • Motorcycle revenue^1 increases to EUR 288.3 million (+84.0% vs. Q3/25)
     • Motorcycle sales^1 rise to 47,390 units (+51.1% vs. Q3/25)
     • EBITDA: EUR 40.7 million (EUR -38 million^2 in Q3/25)
     • EBITDA margin improves to 11.6% (-17.2%^2 in Q3/25)
     • EBIT: EUR 11.3 million (EUR -71 million^2 in Q3/25)
     • EBIT margin increases to 3.2% (-31.7%^2 in Q3/25)
     • New KTM plant opened in Brazil

    

   Mattighofen, November 3, 2026

   In the third quarter of 2026, Bajaj Mobility AG built on the positive
   development of the previous quarter and further improved its
   profitability. After returning to positive EBITDA in the first quarter of
   2026 and positive EBIT in the second quarter of 2026, the Group continued
   its encouraging earnings trend in the third quarter of 2026. Operating
   profit (EBIT) increased by around EUR 10 million compared with the second
   quarter to EUR 11.3 million (EUR -71 million^2 in Q3/25), reaching its
   highest quarterly level since the restructuring measures were completed.
   The EBITDA margin also improved further, rising to 11.6% (compared with
   -17.2%^2 in Q3/25).
    

   The motorcycle business continued its positive development in the third
   quarter of 2026, recording significant growth in both revenue and sales
   volumes. Motorcycle sales rose by 51.1% to 47,390 units (compared with
   31,362 units in Q3/25). Motorcycle revenue of the KTM, Husqvarna
   Motorcycles and GASGAS brands increased by an even stronger 84.0% to EUR
   288.3 million, compared with EUR 156.6 million in Q3/25. Group revenue
   rose by 57.0% year over year to EUR 351.1 million (compared with EUR 223.6
   million in Q3/25). In the first nine months of 2026, group revenue
   amounted to EUR 1,052.5 million (compared with EUR 648.8 million in Q3 YTD
   2025).
    

   The positive development also continued on a nine-month basis. A total of
   136,363 motorcycles of the KTM, Husqvarna Motorcycles and GASGAS brands
   were sold, representing an increase of 75.4% compared with the prior-year
   period (77,748 units). Motorcycle revenue grew even more strongly, almost
   doubling during the same period to EUR 867.9 million (EUR 434.4 million in
   Q3 YTD 2025). In addition, 91,704 motorcycles^1 were sold directly by
   Bajaj in India (55,427 units in Q3 YTD 2025). This brought worldwide
   motorcycle sales of the KTM, Husqvarna Motorcycles and GASGAS brands to a
   total of 228,067 units after the first three quarters (133,175 units in Q3
   YTD 2025).
    

   Following the successful inventory reductions in previous quarters, global
   motorcycle inventories within the Group and at dealers and importers
   remained stable at a sustainably efficient level in the third quarter as
   well.
    

   Despite significant revenue growth, Bajaj Mobility AG reduced its overhead
   costs by EUR 96.9 million to EUR 255.1 million in the first nine months of
   2026 compared with the prior-year period (excluding the restructuring gain
   and the deconsolidation effect of MV Agusta). This was primarily driven by
   savings in administrative and infrastructure costs as well as lower sales
   and marketing expenses. The workforce reduction initiated in the first
   quarter was fully completed in the third quarter; in addition, the
   corporate and organizational structures were further streamlined.
    

   CFO Petra Preining: “After our first positive operating EBIT in the second
   quarter of 2026, we were able to increase profitability significantly
   again in the third quarter. At the same time, we further improved our cost
   structure and kept inventories at a sustainably efficient level. This
   development confirms that we have implemented the right measures and can
   build on a solid financial foundation.”
    

   Major motorsport successes in the third quarter of 2026

   The sporting successes underscore the strategic importance of motorsport
   as a development platform for technologies closely related to series
   production and as a global driver of brand recognition and image.

     • With Pedro Acosta’s win at KTM’s home Grand Prix, KTM celebrates its
       first victory in the premier class since 2022.
     • Josep Garcia becomes the 2026 FIM EnduroGP World Champion while also
       defending his Enduro1 world title.
     • Andrea Verona wins the 2026 Enduro2 world title for KTM.
     • KTM secures the manufacturers’ world titles in EnduroGP, Enduro1 and
       Enduro2.
     • Manuel Lettenbichler wins Red Bull Romaniacs 2026, setting a new
       record with his seventh overall victory.

   CEO Gottfried Neumeister: “The results of the third quarter confirm the
   strength of our brands and our product portfolio. At the same time, we are
   looking ahead: With new models, a groundbreaking technology premiere at
   EICMA and a clear focus on innovation, we are consistently investing in
   the future of motorcycling. Our goal is not only to further expand our
   market position, but to actively help shape the technological development
   of our industry.”
    

   KTM strengthens presence in Brazil

   With the opening of the new KTM plant in Manaus on October 14, 2026, Bajaj
   Mobility AG is strengthening its presence in one of the most important
   motorcycle markets in Latin America. The facility is KTM’s first wholly
   owned assembly plant outside Austria and covers both vehicle and engine
   assembly. Operating on a single shift, the plant has a production capacity
   of approximately 10,000 motorcycles per year. Production is intended
   exclusively for the Brazilian market; production at the Austrian site in
   Mattighofen remains unaffected. KTM has invested around EUR 3 million in
   the facility to date, with an additional investment of approximately EUR 2
   million planned for 2027 and 2028.
    

   Outlook 2026

   For the remainder of the fiscal year, the focus is on sustainably
   increasing profitability and improving free cash flow. To achieve this,
   Bajaj Mobility AG will continue to optimize its cost and organizational
   structures, sharpen its focus on managing its product and project
   portfolio, and keep inventories at a sustainably efficient level. At the
   same time, management is monitoring geopolitical and macroeconomic
   conditions as well as potential changes to trade and tariff regulations.
   Fluctuations in demand or supply chain constraints could affect further
   development.

    

   About Bajaj Mobility AG

   Bajaj Mobility AG is a global leader in premium motorcycles and the listed
   subsidiary of Bajaj Auto Limited, the world’s most valuable two‑ and
   three‑wheeler company. As the holding company of KTM AG, Bajaj Mobility AG
   brings together some of the most iconic and performance‑driven brands in
   the global motorcycle industry – KTM, Husqvarna Motorcycles and GASGAS.
   Headquartered in Austria, the company represents a pinnacle of European
   engineering excellence across high‑performance racing motorcycles, street
   and offroad bikes, and travel‑oriented models, complemented by premium WP
   components. With an established presence across these segments and a
   trusted rider base in more than 70 countries, Bajaj Mobility AG is
   recognized for its innovative engineering and strong product portfolio.
   Through its parent Bajaj Auto Limited, the group benefits from extensive
   technological expertise and a worldwide distribution network, enabling
   decisive execution and long‑term value creation. Together, the group
   continues to set benchmarks in performance, quality, and global reach
   across the international motorcycle industry.

    

   For further information

   Investor Relations

   Mag. Christoph Brennsteiner, MBA

   Tel: +43 676 7912567

   Email: [1][email protected]

   Website:[2] https://www.bajajmobility.com

   ISIN: AT0000KTMI02; Swiss Valor Number (Switzerland): 41860974; Ticker
   symbol: BMAG; Bloomberg: BMAG SW, BMAG AV; Reuters: BMAG.S, BMAG.VI

    

    

    

    

    

    

    

    

    

      

   [3]^[1] Of the KTM, Husqvarna and GASGAS brands

   [4]^[2] Adjusted for the restructuring gain of EUR 7,164 thousand

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   03.11.2026 CET/CEST This Corporate News was distributed by [5]EQS Group

   View original content: [6]EQS News

   ══════════════════════════════════════════════════════════════════════════

   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
   LEI Code:    5299008TBI1EUJJSWP89
   EQS News ID: 2427064

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

    
   End of News EQS News Service


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