Travel Leisure Co.

Filing receipts

“Total liabilities increased by $121 million from December 31, 2025 to March 31, 2026, primarily due to: • $174 million increase in Debt primarily due to $177 million of net borrowings on the revolving credit facility; and a • $28 million increase in Deferred income taxes primarily related to installment sales and inventory.”

“Excluding the impacts of foreign currency, the increase in net revenues was primarily the result of: • $37 million of increased revenues at our Vacation Ownership segment primarily due to an increase in net VOI sales resulting from an increase in VPG due to a higher mix of owner upgrade transactions which generally produce higher VPGs and increased tours; and higher VOI travel package and incentive revenues; partially offset by a decrease in commission revenues; partially offset by • $17 million of decreased revenues at our Travel and Membership segment primarily due to a decrease in transaction revenue as a result of a higher mix of Travel Club transactions which generally produce lower re...”

“The net revenue increase, excluding the foreign currency impacts, was primarily driven by: • $47 million increase in Gross VOI sales, net of Fee-for-Service sales, due to a 3.4% increase in VPG due to a higher owner upgrade transaction mix (69% in the current period compared to 68% in the same period of 2025) which generally produce higher VPGs, and a 4.9% increase in tours; and a • $5 million increase in other revenues due to higher VOI travel package and incentive revenues.”