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Δ A BROAD KAUFMAN Press Release Paris , 2026 September 30 • • RESULTS FOR THE FIRST NINE MONTHS OF 2026 Housing backlog representing 2 years of activity Solid financial structure : net cash position ( a ) of € 261.9 million Outlook maintained for the full year Main elements of the business ■ Total Orders : € 746.1.M inc . VAT O / w housing : € 745.8M inc . VAT for 3,771 units ■ Housing take - up period : 4.6 months ( b ) Key financial data ■ Revenue : € 730.8.M O / w housing : € 550.2.M ■ Gross margin : € 151.8.M ■ ROC ( EBIT ) : € 58.2.M ■ EBIT margin ( c ) : 8.0 % ■ Attributable Net income : € 33.6.M ■ Net cash : € 261.9.M Key growth indicators ■ Total backlog : € 2,242.0 m O / w Housing : € 1,994.0.M excl . VAT Housing land portfolio : 32,091 units Kaufman & Broad SA today announces its results for the first nine months of the 2026 financial year ( from 2025 , December 1st to 2026 , August 31 ) . Nordine Hachemi , Chairman and Chief Executive Officer of Kaufman & Broad , said : " During the first 9 months of 2026 , Kaufman & Broad reported a 0.3 % increase in orders compared to the same period in 2025. By comparison , the new housing market was down 18.3 % ) in the first six months of the calendar year . The group's orders were down 9.8 % in value due to the change in the product mix . The Sales momentum remained strong , with a take - up period of 4.6 months compared to nearly 23 months ( e ) for the market . The group also maintained its land portfolio at a high level of 32,091 units . In the coming months , the new - home market could continue to slow down due to a wait - and - see attitude related to the presidential election , leading elected officials to delay the issuance of building permits and potential buyers to postpone their investment decisions . Nevertheless , housing is now a priority for the entire political establishment , which suggests the possibility of a post - election market recovery by 2028 In this context , the Group will focus on rigorously preserving its margins and cash position , so as to be as responsive as possible when the market recovers Kaufman & Broad has many assets that will help it weather this period . Among these , a property portfolio of more than 32,000 units , a Housing Backlog of more than 2 years of activity and a solid financial structure , the attractiveness of its brand and its recognized know - how in design , marketing and construction . At the end of August 2026 , net cash ( a ) amounted to € 261.9 million . It should be noted that of this amount , approximately € 200 million will be used for the Austerlitz project , which is scheduled for delivery in 2027 . All these factors led Fitch Ratings to renew Kaufman & Broad SA's " Investment grade " - " BBB- " rating with a stable outlook for the fifth year running in July . On this basis , Kaufman & Broad maintains the guidance presented at the end of January for the full 2026 financial year . The group's revenue should be comparable to that of 2025. Operating margin should be close to 8 % , and net cash will remain positive " . ( a ) Excluding IFRS 16 and Put Neoresid debt ( b ) Calculated over nine months ( c ) Expressed as a percentage , this corresponds to current operating income ( adjusted ) divided by gross margin , less current operating expenses divided by revenue . ( d ) Source : FPI , Total housing units Orders : retail + block + serviced residences - " private development figures for the 2nd quarter of 2026 of 9 September 2026 " ( e ) Calculated by the company based on ADEQUATION data from December 2025 to August 2026 : ( commercial offer / period orders / 9 ) .