<span item_type="fundamental" item_id="e8cc1d7e338111eab81b17f850d617ef" counter_id="ST/US/HOVNP" env="prod"></span><span item_type="announcement" item_id="589953576030641665" env="prod"></span><p>Revenue: As of FY2025 Q4, the actual value is USD 817.9 M.</p><p>EPS: As of FY2025 Q4, the actual value is USD -0.51.</p><p>EBIT: As of FY2025 Q4, the actual value is USD 30.34 M.</p><p></p><h3>Financial Metrics by Segment</h3><h4>Non-GAAP Measures</h4><ul><li><strong>EBIT, EBITDA, Adjusted EBIT, and Adjusted EBITDA</strong>: These measures exclude inventory impairments, land option write-offs, and loss (gain) on extinguishment of debt, providing a clearer view of the Company’s financial performance without the effects of various items not characteristic of ongoing operations.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/357294/000175392625001856/hov-20251204.htm"></span></li><li><strong>Homebuilding Gross Margin</strong>: Excludes cost of sales interest expense and land charges, offering a clearer view of operating performance.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/357294/000175392625001856/hov-20251204.htm"></span></li><li><strong>Adjusted Income Before Income Taxes</strong>: Excludes land-related charges and loss (gain) on extinguishment of debt, providing a better metric of operating performance.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/357294/000175392625001856/hov-20251204.htm"></span></li><li><strong>Adjusted Investment</strong>: Excludes liabilities from inventory not owned, net of debt issuance costs and interest capitalized, and includes investments in and advances to unconsolidated joint ventures.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/357294/000175392625001856/hov-20251204.htm"></span></li><li><strong>Adjusted EBIT ROI</strong>: Measures operational performance irrespective of the Company’s capital structure, reflecting the longer-term period required to build and sell homes.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/357294/000175392625001856/hov-20251204.htm"></span></li></ul><h4>Segment Revenue</h4><ul><li>Total revenues for the fourth quarter of fiscal 2025 were $817.9 million, compared to $979.6 million in the same quarter of the prior year. For the year ended October 31, 2025, total revenues were $2.98 billion, compared to $3.00 billion in fiscal 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/357294/000175392625001856/ex991_1.htm"></span></li><li>Domestic unconsolidated joint ventures’ sale of homes revenues for the fourth quarter of fiscal 2025 increased 27.3% to $180.4 million (285 homes) compared with $141.7 million (235 homes) for the three months ended October 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/357294/000175392625001856/ex991_1.htm"></span></li></ul><h4>Operational Metrics</h4><ul><li>Homebuilding gross margin percentage, after cost of sales interest expense and land charges, was 10.7% for the three months ended October 31, 2025, compared with 18.0% during the fourth quarter a year ago.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/357294/000175392625001856/ex991_1.htm"></span></li><li>Total SG&amp;A was $91.5 million, or 11.2% of total revenues, in the fourth quarter of fiscal 2025 compared with $87.7 million, or 9.0% of total revenues, in the fourth quarter of fiscal 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/357294/000175392625001856/ex991_1.htm"></span></li><li>The company incurred losses related to the early extinguishment of debt and land charges of $52.9 million, contributing to a loss before income taxes for the fourth quarter of fiscal 2025 of $4.1 million compared with income before income taxes of $117.9 million in the fourth quarter of the prior fiscal year.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/357294/000175392625001856/ex991_1.htm"></span></li><li>Net loss was $0.7 million, or $0.51 per diluted common share, for the three months ended October 31, 2025, compared with net income of $94.3 million, or $12.79 per diluted common share, in the same period of the previous fiscal year.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/357294/000175392625001856/ex991_1.htm"></span></li></ul><h4>Cash Flow</h4><ul><li>Total liquidity as of October 31, 2025, was $404.1 million, which was significantly above the target liquidity range of $170 million to $245 million.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/357294/000175392625001856/ex991_1.htm"></span></li></ul><h4>Unique Metrics</h4><ul><li>The number of consolidated communities increased by 7.7% to 140 as of October 31, 2025, compared with 130 communities as of October 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/357294/000175392625001856/ex991_1.htm"></span></li></ul><h4>Outlook / Guidance</h4><ul><li>For the first quarter of fiscal 2026, total revenues are expected to be between $550 million and $650 million, adjusted homebuilding gross margin is expected to be between 13.0% and 14.0%, adjusted income before income taxes is expected to be between $10 million and $20 million, and adjusted EBITDA is expected to be between $35 million and $45 million.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/357294/000175392625001856/ex991_1.htm"></span></li></ul>

HOVNANIAN ENTERPRISES INC PRF STK SERIES 'A' USD25.00 | 8-K: FY2025 Q4 Revenue: USD 817.9 M