Cash position preserved and order book growing - Sales and margins expected to bounce back in 2026

• Income from ordinary operations of -€21.6m for 2025, impacted by the significant contraction in business during the first half of the year, the preservation of skills and various non-recurring items
• Solid net cash of €248m¹, with positive free cash flow of +€12m², reflecting good inventory management and effective control over investments
• Withdrawal from the Charter and Boat Club operator activities, resulting in the impairment of all financial exposure and impacting net income (-€29m), development of new service offerings to support our clients throughout the lifecycle of their boats
• Deployment of the plan to accelerate launches of new models, following on from the commercial achievements in 2025: 24 new models planned for 2026
• Order book up for 2026 (+10% at end-February) and progress with operational performance enabling the Group, to date, to anticipate significant revenue growth and a turnaround in margins over the year