Toll Brothers — Dec 8, 2025 release

We continue to balance price and pace and are actively managing our spec starts and inventory on a community-by-community basis to best match local demand conditions. We control sufficient land to support continued community count growth over the next several years, including 8% to 10% growth in fiscal 2026, and we remain highly disciplined and selective in new land acquisition as we continue to focus on capital efficiency. “Our fourth quarter and full year results demonstrate that our luxury business is differentiated, as we serve a more affluent customer who is less impacted by affordability pressures. These results also underscore the resilience of our business model, which includes a healthy balance of build-to-order and spec homes, a broad geographic footprint, the widest variety of home offerings and price points in the industry, and improved operating efficiency. Combined with our tremendous luxury brand, solid balance sheet, healthy liquidity and premier land holdings, we are well positioned to deliver strong financial results, achieve long-term growth and continue returning capital to stockholders.” First Quarter and FY 2026 Financial Guidance: First Quarter Full Fiscal Year Deliveries 1,800 - 1,900 units 10,300 - 10,700 units Average Delivered Price per Home $985,000 to $995,000 $970,000 to $990,000 Adjusted Home Sales Gross Margin 26.25  % 26.00  % SG&A, as a Percentage of Home Sales Revenues 14.2  % 10.25  % Period-End Community Count 445 480 - 490 O