Group 1 - The company EXEL Industries is a French Société Anonyme with a share capital of €16,969,750 [1] - As of January 31, 2026, the total number of shares is 6,787,900 [2] - The theoretical voting rights amount to 9,890,341, while the exercisable voting rights are 9,884,832 after deducting shares without voting rights [2]

Group 1 - EXEL Industries is a French Société Anonyme with a share capital of €16,969,750 [1] - The registered office is located at 54, rue Marcel Paul, 51206 Epernay Cedex, France [1] - The company is registered under the Reims Companies Register (RCS) with the number 095 550 356 [1] Group 2 - As of December 31, 2025, the total number of shares comprising the share capital is 6,787,900 [2] - The theoretical voting rights amount to 9,891,541, while the exercisable voting rights are 9,886,441 after deducting shares without voting rights [2]

Core Viewpoint - EXEL Industries Group reported a significant decline in revenue for Q1 2025-2026, with a decrease of 17.5% on a reported basis and 15.5% on a like-for-like basis, reflecting challenging market conditions across various sectors [2][10]. Revenue Breakdown - Agricultural Spraying revenue fell to €49.0 million, down 21.1% from the previous year, with a notable decline in Western Europe, while Eastern Europe showed some growth [3][10]. - Sugar Beet Harvesting revenue decreased to €13.5 million, down 29.4%, impacted by falling sugar prices and reduced beet crop acreage [4]. - Leisure revenue was reported at €11.8 million, down 8.8%, although the garden business showed strong sales in the UK [5]. - Industrial revenue decreased to €59.3 million, down 12.5%, affected by a declining automotive market and the implementation of a new ERP system [6][10]. Market Conditions - The agricultural market remains cautious, with farms and dealers delaying equipment renewals and investments [3]. - In Sugar Beet Harvesting, investment is slow due to declining cultivated areas and sugar prices, although some regions like Russia and Eastern Europe are performing better [9]. - The garden business is experiencing a positive order level, but dealers are cautious due to the economic climate [12]. Future Outlook - The order book for Agricultural Spraying is slightly better than the previous year, with expectations for a favorable market cycle to return later than anticipated [8]. - A federal support package of $12 billion in the US is expected to boost demand for agricultural machinery [8]. - The Technical Hoses business shows an improving outlook with positive momentum in retail and B2B segments [12].

Core Points - The 2024–2025 Universal Registration Document for EXEL Industries is now available on the company's Investors page [2] - The document was filed with the French Financial Markets Authority (AMF) on January 13, 2026 [3] - The Universal Registration Document includes various reports such as the Management Report, Annual Financial Report, Sustainability Report, and Corporate Governance Report [5]

Group 1 - EXEL Industries is a French Société Anonyme with a share capital of €16,969,750 [1] - The company is registered at 54, rue Marcel Paul, 51206 Epernay Cedex, France, with the Reims Companies Register number 095 550 356 [1] - As of November 30, 2025, the total number of shares is 6,787,900, with theoretical voting rights amounting to 9,891,515 [2] - The exercisable voting rights, after deduction of shares without voting rights, are 9,886,050 [2]

Core Insights - EXEL Industries reported a revenue of €983 million for the fiscal year 2024-2025, a decrease of 10.6% compared to the previous year, with a 9.6% reduction at constant scope and foreign exchange rates [3][4] - The Group's recurring EBITDA fell to €67.6 million, representing a margin of 6.9%, primarily due to significant volume reductions in Agricultural Spraying and Sugar Beet Harvesting activities [3][5] - Net income decreased to €16.3 million, impacted by lower current operating income resulting from reduced agricultural activity volumes [3][6] Financial Performance - Revenue breakdown showed a decline in Agricultural Spraying by 19.9% to €403.3 million and Sugar Beet Harvesting by 12.9% to €148.1 million, while Leisure and Industry segments saw slight increases [4][5] - Recurring EBITDA decreased from €87.4 million (7.9% of revenue) in 2023-2024 to €67.6 million (6.9% of revenue) in 2024-2025 [5] - Net financial debt was reduced by approximately €30 million, from €127.8 million in 2024 to €98.3 million in 2025, due to improved cash generation [7] Investment and Future Outlook - The Group maintained a dynamic investment policy, with total CAPEX of €32.6 million, including €20 million for modernizing industrial sites [8] - A dividend of €0.60 per share, representing 25% of consolidated net income, is proposed for approval at the General Meeting on February 4, 2026 [10] - The business climate remains challenging, particularly in Agricultural Spraying and Sugar Beet Harvesting, with expectations of continued slowdown in the early part of the 2025-2026 fiscal year [13][14] Management Commentary - The CEO highlighted the resilience of EXEL Industries' model, emphasizing the ability to adapt to a less buoyant market while maintaining financial discipline and reducing net debt [15]

Group 1 - EXEL Industries is a French Société Anonyme with a share capital of €16,969,750 [1] - The registered office is located at 54, rue Marcel Paul, 51206 Epernay Cedex, France [1] - The company is registered under the Reims Companies Register (RCS) with the number 095 550 356 [1] Group 2 - As of October 31, 2025, the total number of shares comprising the share capital is 6,787,900 [2] - The theoretical voting rights amount to 9,891,515, while the exercisable voting rights are 9,885,219 after deduction of shares without voting rights [2]

Group 1 - EXEL Industries is a French Société Anonyme with a share capital of €16,969,750 [1] - The registered office is located at 54, rue Marcel Paul, 51206 Epernay Cedex, France [1] - The company is registered under the Reims Companies Register (RCS) with the number 095 550 356 [1] Group 2 - As of September 30, 2025, the total number of shares comprising the share capital is 6,787,900 [2] - The theoretical voting rights amount to 9,891,515, while the exercisable voting rights are 9,886,133 after deducting shares without voting rights [2]

Core Insights - EXEL Industries reported a full-year revenue decline of 10.6% for 2024–2025, amounting to €983 million, with a 9.6% decrease at constant scope and foreign exchange rates [10][18] - The company faced challenges in its agricultural activities, particularly in Agricultural Spraying and Sugar Beet Harvesting, while the Garden and Industry segments provided some stability [16] Revenue Breakdown - **Q4 Revenue**: In Q4 of 2024–2025, revenue was €257.5 million, down 11.2% year-on-year, influenced by a high basis for comparison [3] - **Agricultural Spraying**: Revenue decreased by 19.9% for the fiscal year, reflecting cautious behavior from farmers and reduced orders for new machines [11] - **Sugar Beet Harvesting**: Revenue fell by 12.9% for the fiscal year, driven by decreasing cultivated areas in Europe and a wait-and-see attitude in North America [13] - **Leisure Segment**: This segment saw a revenue increase of 5.6% for the fiscal year, with strong performance in the UK and Southern Europe [14] - **Industry Segment**: Revenue was relatively stable, with a slight decline of 0.7% for the fiscal year, showing contrasting trends across regions [15] Regional Performance - **Europe**: The agricultural spraying market is gradually recovering, with new orders rebounding, although North America remains challenging [12] - **North America**: The market is under pressure due to falling commodity prices and rising input costs, affecting farmers' morale [6] - **Asia**: The industrial spraying segment showed a return to growth, contrasting with a slowdown in Western Europe [9][15]

Group 1 - EXEL Industries is a French Société Anonyme with a share capital of €16,969,750 [1] - The company is registered at 54, rue Marcel Paul, 51206 Epernay Cedex, France, with the Reims Companies Register number 095 550 356 [1] Group 2 - As of August 31, 2025, the total number of shares comprising the share capital is 6,787,900 [2] - The theoretical voting rights amount to 9,891,515, while the exercisable voting rights are 9,887,371 after deducting shares without voting rights [2]