UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

Quarterly Report Pursuant to Section 13 or 15 (d)

of the Securities Exchange Act of 1934

For the quarterly period ended ~~August~~January 231, ~~2025~~2026

Commission File number 000-06506

NOBILITY HOMES, INC.

(Exact name of registrant as specified in its charter)


Florida		59-1166102
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

3741 S.W. 7th Street Ocala, Florida		34474
(Address of principal executive offices)		(Zip Code)

(352) 732-5157

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act: None

     Title of Each Class

     Trading Symbol(s)

     Name of each/Exchange on
Which Registered

     Common Stock, $0.10 Par Value

     NOBH

     OTCQX

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒; No ☐.

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒; No ☐.

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐.

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐; No ☒.

Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date.

Table of Contents

Title of Class		Shares Outstanding ~~onSeptember~~onMarch 917, ~~2025~~2026
Common Stock		3,~~268~~153,~~998~~665

Table of Contents

NOBILITY HOMES, INC.

INDEX

		PageNumber
PART I.	Financial Information
Item 1.	Financial Statements (Unaudited)
	Condensed Consolidated Balance Sheets as of August 2, 2025 (Unaudited) and November 2, 2024		4
	Condensed Consolidated Balance Sheets as of January 31, 2026 (Unaudited) and November 1, 2025		4
	Condensed Consolidated Statements of Income for the three and nine months ended August 2, 2025 (Unaudited) and August 3, 2024 (Unaudited)		5
	Condensed Consolidated Statements of Income for the three months ended January 31, 2026 (Unaudited) and February 1, 2025 (Unaudited)		5
	Condensed Consolidated Statements of Changes in Stockholders’ Equity for the three and nine months ended August 2, 2025 (Unaudited) and August 3, 2024 (Unaudited)		6
	Condensed Consolidated Statements of Changes in Stockholders’ Equity for the three months ended January 31, 2026 (Unaudited) and February 1, 2025 (Unaudited)		6
	Condensed Consolidated Statements of Cash Flows for the nine months ended August 2, 2025 (Unaudited) and August 3, 2024 (Unaudited)		7
	Condensed Consolidated Statements of Cash Flows for the three months ended January 31, 2026 (Unaudited) and February 1, 2025 (Unaudited)		7
	Notes to Condensed Consolidated Financial Statements (Unaudited)		8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		11
Item 4.	Controls and Procedures		13
PART II.	Other Information		14
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		14
Item 5.	Other Information		14
Item 6.	Exhibits		14
Signatures			15

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NOBILITY HOMES, INC.

Condensed Consolidated Balance Sheets

	August 2,2025			November 2,2024
	January 31,2026			November 1,2025
	(Unaudited)
Assets
Current assets:
Cash and cash equivalents	$	1411,~~362~~083,~~469~~302		$	13,~~521~~230,~~296~~504
Certificates of deposit		1214,~~174~~184,~~266~~546			13,~~021~~109,~~839~~325
Short-term investments at fair value		~~564~~622,~~681~~994			~~680~~583,~~017~~128
Accounts receivable - trade		23,~~767~~950,~~428~~239			24,~~935~~602,~~517~~671
Mortgage notes receivable		45,~~176~~287			43,~~505~~645
Inventories		1920,~~812~~267,~~206~~781			2119,~~039~~733,~~344~~235
Prepaid expenses and other current assets		21,~~037~~925,~~995~~924			12,~~727~~000,~~034~~403
Total current assets		5152,~~723~~040,~~221~~073			5253,~~929~~262,~~552~~911
Property, plant and equipment, net		8,~~328~~163,~~074~~330			8,~~280~~230,~~695~~055
Mortgage notes receivable, less current portion		141,~~597~~885			~~141~~143,~~728~~373
Other investments		~~536~~579,~~524~~943			~~463~~553,~~633~~752
Property held for resale		26,590			26,590
Deferred income taxes		42,867			60,628
Cash surrender value of life insurance		4,838,430			4,772,430
Cash surrender value of life insurance		4,692,813			4,539,813
Other assets		156,287			156,287
Total assets	$	65,~~647~~946,~~973~~538		$	6667,~~598~~145,~~926~~398
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$	~~455~~686,~~367~~746		$	~~753~~586,~~317~~001
Accrued compensation		~~744~~411,~~844~~291			~~800~~765,~~013~~853
Accrued expenses and other current liabilities		1,~~497~~403,~~054~~404			1,~~826~~590,~~042~~827
Income taxes payable		~~624~~526,~~784~~191			~~692~~658,~~303~~461
Customer deposits		3,~~601~~451,~~403~~530			52,~~930~~795,~~728~~344
Total current liabilities		6,~~923~~479,~~452~~162			106,~~002~~396,~~403~~486
Deferred income taxes		34,069			34,069
Total liabilities		6,513,231			6,430,555
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $.10 par value, 500,000 shares authorized; none issued and outstanding		—			—
Preferred stock, $0.10 par value, 500,000 shares authorized; none issued and outstanding		—			—
Common stock, $.10 par value, 10,000,000 shares authorized; 5,364,907 shares issued; 3,268,998 and 3,268,829 shares outstanding, respectively		536,491			536,491
Common stock, $0.10 par value, 10,000,000 shares authorized; 5,364,907 shares issued; 3,153,665 and 3,253,665 shares outstanding		536,491			536,491
Additional paid in capital		11,~~254~~376,~~519~~733			11,~~140~~316,~~687~~595
Retained earnings		7680,~~689~~666,~~549~~245			7479,~~677~~037,~~783~~919
Less treasury stock at cost, 2,095,909 and 2,096,078 shares, respectively		(29,756,038	)		(29,758,438	)
Less treasury stock at cost, 2,211,242 and 2,111,242 shares, respectively		(33,146,162	)		(30,176,162	)
Total stockholders’ equity		5859,~~724~~433,~~521~~307			5660,~~596~~714,~~523~~843
Total liabilities and stockholders’ equity	$	65,~~647~~946,~~973~~538		$	6667,~~598~~145,~~926~~398

The accompanying notes are an integral part of these condensed consolidated financial statements.

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NOBILITY HOMES, INC.

Condensed Consolidated Statements of Income

(Unaudited)

Three Months Ended

~~Nine Months Ended~~

August 2,2025

August 3,2024

August 2,2025

August 3,2024

January 31,2026

February 1,2025

Net sales

1210,~~021~~502,~~194~~846

1312,~~803~~241,~~340~~742

~~39,020,273~~

~~40,099,316~~

Cost of sales

(87,~~173~~305,~~008~~740

)

(98,~~196~~270,~~740~~957

)

~~(26,569,886~~

)

~~(26,589,976~~

)

Gross profit

3,~~848~~197,~~186~~106

43,~~606~~970,~~600~~785

~~12,450,387~~

~~13,509,340~~

Selling, general and administrative expenses

(1,~~670~~369,~~585~~656

)

(21,~~032~~676,~~973~~650

)

~~(5,236,432~~

)

~~(5,976,683~~

)

Operating income

21,~~177~~827,~~601~~450

2,~~573~~294,~~627~~135

~~7,213,955~~

~~7,532,657~~

Other income (expense):

Interest income

~~270~~255,~~139~~849

~~318~~285,~~253~~278

~~853,735~~

~~836,113~~

Undistributed earnings in joint venture - Majestic 21

2526,~~624~~191

2425,~~914~~805

~~72,893~~

~~67,623~~

Proceeds received under escrow arrangement

3621,~~094~~446

4738,~~339~~152

~~116,312~~

~~147,155~~

Increase (decrease) in fair value of short term investments

(16,316

)

(11,214

)

(115,336

)

90,329

Increase (decrease) in fair market value of equity investment

39,866

(2,916

)

Gain on disposal of property, plant and equipment

—1,000

~~3,000~~—

~~1,000~~

~~3,000~~

Miscellaneous

~~(25~~9,330

)

~~(28~~8,~~706~~759

)

~~25,697~~

~~96,422~~

Total other income

~~315~~353,~~516~~682

~~353~~355,~~586~~078

~~954,301~~

~~1,240,642~~

Income before provision for income taxes

2,~~493~~181,~~117~~132

2,~~927~~649,213

~~8,168,256~~

~~8,773,299~~

Income tax expense

(~~667~~552,~~846~~806

)

(~~741~~668,~~901~~791

)

~~(2,070,243~~

)

~~(2,223,591~~

)

Net income

1,~~825~~628,~~271~~326

21,~~185~~980,~~312~~422

~~6,098,013~~

~~6,549,708~~

Weighted average number of shares outstanding:

Basic

3,~~268~~250,~~998~~368

3,268,829

~~3,268,939~~

~~3,268,829~~

Diluted

3,~~274~~256,~~456~~535

3,277,~~856~~204

~~3,276,061~~

~~3,278,742~~

Net income per share:

Basic

0.5650

0.6761

~~1.87~~

~~2.00~~

Diluted

0.5650

0.6760

~~1.86~~

~~2.00~~

The accompanying notes are an integral part of these condensed consolidated financial statements.

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NOBILITY HOMES, INC.

Condensed Consolidated Statements of Changes in Stockholders’ Equity

For the three ~~and nine~~ months ended ~~August~~January 231, ~~2025~~2026 and ~~August~~February 31, ~~2024~~2025

(Unaudited)

	CommonStock Shares			CommonStock		AdditionalPaid-in-Capital		RetainedEarnings			TreasuryStock			Total
Balance at November 2, 2024		3,268,829		$	536,491	$	11,140,687	$	74,677,783		$	(29,758,438	)	$	56,596,523
Balance at November 1, 2025		3,253,665		$	536,491	$	11,316,595	$	79,037,919		$	(30,176,162	)	$	60,714,843
Stock-based compensation		—			—		40,254		—			—			40,254
Purchase of treasury stock		(100,000	)		-		-		-			(2,970,000	)		(2,970,000	)
Net income		—			—		—		1,980,422			—			1,980,422
Stock-based compensation		—			—		60,138		—			—			60,138
Balance at February 1, 2025		3,268,829			536,491		11,180,941		76,658,205			(29,758,438	)		58,617,199
Net income		—			—		—		1,628,326			—			1,628,326
Cash dividend $1.25 per
Balance at January 31, 2026		3,153,665		$	536,491	$	11,376,733	$	80,666,245		$	(33,146,162	)	$	59,433,307
common share		—			—		—		(4,086,247	)		—			(4,086,247	)
Stock-based compensation		169			—		38,124		—			2,400			40,524
Net income		—			—		—		2,292,320			—			2,292,320
Balance at May 3, 2025		3,268,998			536,491		11,219,065		74,864,278			(29,756,038	)		56,863,796
Stock-based compensation		—			—		35,454		—			—			35,454
Net income		—			—		—		1,825,271			—			1,825,271
Balance at August 2, 2025		3,268,998		$	536,491	$	11,254,519	$	76,689,549		$	(29,756,038	)	$	58,724,521

	CommonStock Shares			CommonStock		AdditionalPaid-in-Capital		RetainedEarnings			TreasuryStock			Total
Balance at November 4, 2023		3,269,075		$	536,491	$	10,964,985	$	70,969,764		$	(29,754,942	)	$	52,716,298
Balance at November 2, 2024		3,268,829		$	536,491	$	11,140,687	$	74,677,783		$	(29,758,438	)	$	56,596,523
Stock-based compensation		~~(246~~—	)		—		3640,~~716~~254		—			~~(3,496~~—	)		3340,~~220~~254
Net income		—			—		—		21,~~338~~980,~~437~~422			—			21,~~338~~980,~~437~~422
Balance at February 3, 2024		3,268,829			536,491		11,001,701		73,308,201			(29,758,438	)		55,087,955
Balance at February 1, 2025		3,268,829		$	536,491	$	11,180,941	$	76,658,205		$	(29,758,438	)	$	58,617,199
Cash dividend $1.50 per
common share		—			—		—		(4,903,243	)		—			(4,903,243	)
Stock-based compensation		—			—		48,959		—			—			48,959
Net income		—			—		—		2,025,959			—			2,025,959
Balance at May 4, 2024		3,268,829		$	536,491	$	11,050,660	$	70,430,917		$	(29,758,438	)	$	52,259,630
Stock-based compensation		—			—		46,518		—			—			46,518
Net income		—			—		—		2,185,312			—			2,185,312
Balance at August 3, 2024		3,268,829		$	536,491	$	11,097,178	$	72,616,229		$	(29,758,438	)	$	54,491,460

The accompanying notes are an integral part of these condensed consolidated financial statements.

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NOBILITY HOMES, INC.

Condensed Consolidated Statements of Cash Flows

(Unaudited)

	Nine Months Ended
	Three Months Ended
	August 2,2025			August 3,2024
	January 31,2026			February 1,2025
Cash flows from operating activities:
Net income	$	61,~~098~~628,~~013~~326		$	61,~~549~~980,~~708~~422
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation		~~127~~67,~~728~~160			~~117~~42,~~765~~576
Deferred income taxes		17,763			(23,237	)
Undistributed earnings in joint venture - Majestic 21		(26,191	)		(25,805	)
Undistributed earnings in joint venture - Majestic 21		(72,893	)		(67,623	)
Gain on disposal of property, plant and equipment		(1,000	)		—
Gain on disposal of property, plant and equipment		(1,000	)		(3,000	)
(Increase) decrease in fair market value of equity investment		(39,866	)		2,916
Return on investment in joint venture-Majestic 21		—			1,600,889
Stock-based compensation		60,138			40,254
Decrease (increase) in fair value of equity investments		115,336			(90,329	)
Stock-based compensation		116,232			128,697
Decrease (increase) in:
Accounts receivable - trade		~~168~~652,~~089~~432			~~811~~1,~~258~~013,502
Inventories		1(534,~~227,138~~546	)		1765,~~130,609~~079
Prepaid expenses and other current assets		~~(310~~74,~~961~~479	)		8737,~~118~~509
Interest receivable		(~~419~~133,~~700~~640	)		(~~420~~146,~~777~~066	)
(Decrease) increase in:
Accounts payable		~~(297~~100,~~950~~745	)		1914,~~418~~974
Accrued compensation		(55354,~~169~~562	)		(19176,~~709~~179	)
Accrued expenses and other current liabilities		(~~328~~187,~~988~~423	)		(~~574~~322,~~805~~625	)
Income taxes payable		(67132,~~519~~270	)		~~186~~(76,~~828~~210	)
Customer deposits		(2656,~~329,325~~186	)		(2732,~~755,087~~481	)
Net cash provided by operating activities		31,~~986~~829,~~794~~968			62,~~677~~417,~~723~~866
Cash flows from investing activities:
Purchase of property, plant and equipment		(~~175,107~~435	)		(~~170~~117,~~369~~198	)
Purchase of certificates of deposit		(73,500,000	)		(71,~~804~~500,000	)
Purchase of property held for resale		—			(38,880	)
Proceeds from certificates of deposit		2,500,000			1,920,000
Proceeds from certificates of deposit		8,366,000			5,286,000
Proceeds disposal of property, plant and equipment		1,000			—
Proceeds from disposal of property, plant and equipment		1,000			3,000
Collections on interest receivable		58,419			99,644
Collections on interest receivable		401,273			254,230
Collections on mortgage notes receivable		(154	)		476
Collections on mortgage notes receivable		460			306
Increase in cash surrender value of life insurance		(66,000	)		(51,000	)
Increase in cash surrender value of life insurance		(153,000	)		(132,075	)
Net cash (used in) provided by investing activities		(1,007,170	)		351,922
Net cash provided by (used in) investing activities		940,626			(2,601,788	)
Cash flows from financing activities:
Payment of cash dividend		(4,086,247	)		(4,903,243	)
Purchase of treasury stock		(2,970,000	)		—
Net cash (used in) financing activities		(42,~~086~~970,~~247~~000	)		~~(4,903,243~~—	)
Decrease in cash and cash equivalents		841,173			(827,308	)
(Decrease) Increase in cash and cash equivalents		(2,147,202	)		2,769,788
Cash and cash equivalents at beginning of period		13,~~521~~230,~~296~~504			13,~~879~~521,~~358~~296
Cash and cash equivalents at end of period	$	1411,~~362~~083,~~469~~302		$	1316,~~052~~291,~~050~~084
Supplemental disclosure of cash flows information:
Income taxes paid	$	2685,~~120,~~000		$	2745,~~060,~~000
Interest paid	$	-		$	-

The accompanying notes are an integral part of these condensed consolidated financial statements.

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~~Nobility~~NOBILITY ~~Homes~~HOMES, ~~Inc~~INC.

Notes to Condensed Consolidated Financial Statements

(Unaudited)

Note 1 Basis of Presentation and Accounting Policies

The accompanying unaudited condensed consolidated financial statements for the three ~~and nine~~ months ended ~~August~~January 231, ~~2025~~2026 and ~~August~~February 31, ~~2024~~2025 have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission for Form 10-Q.

Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements.

The unaudited financial information included in this report includes all adjustments (consisting of normal recurring adjustments) which are, in the opinion of management, necessary to reflect a fair statement of the results for the interim periods. The results of operations for the three ~~and nine~~ months ended ~~August~~January 231, ~~2025~~2026, are not necessarily indicative of the results of the full fiscal year.

The condensed consolidated financial statements included in this report should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended November 21, ~~2024~~2025.

Note 2 Recently Issued Accounting Standards

In ~~November~~December 2023, the FASB issued ~~Accounting Standards Update ("~~ASU") 2023-0709, "~~Segment~~Income ~~Reporting~~Taxes (Topic ~~280~~740): Improvements to ~~Reportable~~Income ~~Segment~~Tax Disclosures", which expands disclosures ~~about~~in aan ~~public~~ entity’s ~~reportable~~income ~~segments~~tax ~~and~~rate ~~requires~~reconciliation ~~more~~table ~~enhanced information about a reportable segment’s expenses, interim segment profit or loss,~~ and ~~how~~regarding acash ~~public~~taxes ~~entity’s~~paid ~~chief~~to ~~operating~~the ~~decision~~U.S. ~~maker uses reported segment profit or loss information in assessing segment performance and allocating resources~~Government. The update will be effective for ~~fiscal~~annual ~~years~~periods beginning after December 15, ~~2023~~2024 (fiscal ~~2025~~2026) and ~~interim~~will ~~periods~~be ~~with~~adopted ~~fiscal~~for ~~years~~the ~~beginning~~Company's ~~after~~year-end ~~December 15, 2024 (fiscal 2026)~~reporting. The WeCompany ~~are~~is currently assessing the effect of this update may have on ~~our~~its consolidated financial ~~statements~~statement disclosures.

InOn ~~December~~November ~~2023~~4, 2024, the FASB issued ASU ~~2023~~2024-0903, "Income ~~Taxes~~Statement ~~(Topic~~— ~~740):~~Reporting ~~Improvements~~Comprehensive to Income ~~Tax~~— Expense Disaggregation Disclosures",. ~~which~~This ~~expands~~ASU provides guidance to public companies regarding footnote disclosures inof annatural ~~entity’s~~expense ~~income~~components ~~tax~~(such ~~rate~~as ~~reconciliation~~employee ~~table~~compensation, depreciation, and ~~regarding~~amortization) ~~cash~~included ~~taxes~~within ~~paid~~each torelevant ~~the~~income ~~U.S.~~statement ~~Government~~expense caption. The ~~update~~guidance ~~will~~is be effective for ~~annual~~public ~~periods~~companies for fiscal years beginning after December 15, ~~2024 (fiscal~~ 2026). We are assessing the effect of this update on our consolidated financial ~~statements~~statement disclosures.

Note 3 Inventories

New home inventory is carried at a lower of cost or net realizable value. Capitalized manufacturing costs on retail manufactured homes built by the ~~company~~Company are valued at manufacturing cost, including materials, labor, and manufacturing overhead, or net purchase price if acquired from unaffiliated third parties. The cost of finished home inventories determined on the specific identification method is removed from inventories and recorded as a component of cost of sales at the time revenue is recognized. Under the specific identification method, if finished home inventory can be sold for a profit there is no basis to write down the inventory below the lower of cost or net realizable value.

Other pre-owned homes are acquired (Repossessions Inventory) as a convenience to the Company’s joint venture partner, 21st Mortgage Corporation. This inventory has been repossessed by 21st Mortgage Corporation or through mortgage foreclosure. The Company acquired this inventory at the amount of the uncollected balance of the financing at the time of the foreclosure/repossessions by 21st Mortgage Corporation. The Company records this inventory at a cost determined by the specific identification method. All of the refurbishment costs are paid by 21st Mortgage Corporation. This arrangement assists 21st Mortgage Corporation with liquidation of their repossessed inventory. The timing of these repurchases by the Company is unpredictable as it is based on the repossessions 21st Mortgage Corporation incurs in the portfolio. When the home is sold, the Company retains the cost of the home, an interest factor on the cost of the home and a sales commission, from the sales proceeds. Any additional proceeds are paid to 21st Mortgage. Any shortfall from the proceeds to cover these amounts is paid by 21st Mortgage to the Company. As the Company has no risk of loss on the sale, there is no valuation allowance necessary for repossessions inventory.

Inventory held at consignment locations by affiliated entities is included in the Company’s inventory on the Company’s consolidated balance sheets. The Company had no consigned inventory as of January 31, 2026 and November 1, 2025.

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Pre-owned homes are also taken as trade-ins on new home sales (Trade-in Inventory). This inventory is recorded at estimated actual wholesale value, which is generally lower than market value, determined on the specific identification method, plus refurbishment costs incurred to date to bring the inventory to a more saleable state. The Trade-in Inventory amount is reduced where necessary on a unit specific basis by a valuation reserve, which management believes results in inventory being valued at net realizable value.

Other inventory costs are determined on a first-in, first-out basis.

~~A breakdown of the elements of inventory at August 2, 2025 and November 2, 2024 is as follows:~~ 8

	August 2,		November 2,
	2025		2024
	(unaudited)
Raw materials	$	1,211,137	$	1,180,659
Work-in-process		154,294		144,959
Finished homes - Nobility		11,962,065		12,126,215
Finished homes - Other Manufacturers		5,096,702		6,349,717
Pre-owned homes		1,133,846		962,209
Model home furniture		254,162		275,585
Inventories	$	19,812,206	$	21,039,344

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NOBILITY HOMES, INC.

Notes to Condensed Consolidated Financial Statements

(Unaudited)

A breakdown of the elements of inventory at January 31, 2026 and November 1, 2025 is as follows:


	January 31,		November 1,
	2025		2025
	(Unaudited)
Raw materials	$	1,286,075	$	1,246,972
Work-in-process		159,978		169,467
Finished homes - Nobility manufactured		12,046,007		11,836,197
Finished homes - Other manufactured		5,026,993		4,768,852
Pre-owned homes		1,527,915		1,471,432
Model home furniture		220,813		240,315
Inventories	$	20,267,781	$	19,733,235

Note 4 Short-term Investments

The following is a summary of short-term investments at ~~August~~January 231, ~~2025~~2026 and November 21, ~~2024~~2025.

August 2, 2025

January 31, 2026

(unaudited)

(Unaudited)

Cost

GrossUnrealizedGains

GrossUnrealizedLosses

EstimatedFair Value

Equity securities in a public company

167,930

~~396~~455,~~751~~064

—

~~564~~622,~~681~~994

	November 2, 2024
	November 1, 2025
	Cost		GrossUnrealizedGains		GrossUnrealizedLosses		EstimatedFair Value
Equity securities in a public company	$	167,930	$	~~512~~415,~~087~~198	$	—	$	~~680~~583,~~017~~128

The fair values were estimated based on quoted market prices in active markets at each respective period end.

Note 5 Fair Value of Financial Instruments

The carrying amount of cash and cash equivalents, accounts and notes receivable, accounts payable, customer deposits and accrued expenses approximate fair value because of the short maturity of those instruments.

The Company accounts for the fair value of financial instruments in accordance with FASB Accounting Standards Codification (ASC) No. 820 “Fair Value Measurements” (ASC 820).

ASC 820 defines fair value as the price that would be received upon the sale of an asset or paid to transfer a liability (i.e. exit price) in an orderly transaction between market participants at the measurement date. ASC 820 requires disclosures that categorize assets and liabilities measured at fair value into one of three different levels depending on the assumptions (i.e. inputs) used in the valuation. Financial assets and liabilities are classified in their entirety based on the lowest level of input significant to the fair value measurement. The ASC 820 fair value hierarchy is defined as follows:

•

Level 1 - Valuations are based on unadjusted quoted prices in active markets for identical assets or liabilities.

•

Level 2 - Valuations are based on quoted prices for similar assets or liabilities in active markets, or quoted prices in markets that are not active for which significant inputs are observable, either directly or indirectly.

•

Level 3 - Valuations are based on prices or valuation techniques that require inputs that are both observable and significant to the overall fair value measurement. Inputs reflect management’s best estimate of what market participants would use in valuing the asset or liability at the measurement date.

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~~Level~~NOBILITY 3HOMES, ~~- Valuations are based on prices or valuation techniques that require inputs that are both observable and significant to the overall fair value measurement~~INC. ~~Inputs reflect management’s best estimate of what market participants would use in valuing the asset or liability at the measurement date.~~

~~The~~Notes ~~following~~to ~~tables~~Condensed ~~represent~~Consolidated ~~the~~Financial ~~Company’s financial assets and liabilities which are carried at fair value at August 2, 2025 and November 2, 2024.~~ Statements

	August 2, 2025
	(unaudited)
	Level 1		Level 2		Level 3
Equity securities in a public company	$	564,681	$	—	$	—

(Unaudited)

	November 2, 2024
	Level 1		Level 2		Level 3
Equity securities in a public company	$	680,017	$	—	$	—

The following tables represent the Company’s financial assets and liabilities which are carried at fair value at January 31, 2026 and November 1, 2025.


	January 31, 2026
	(Unaudited)
	Level 1		Level 2		Level 3
Equity securities in a public company	$	622,994	$	—	$	—


	November 1, 2025
	Level 1		Level 2		Level 3
Equity securities in a public company	$	583,128	$	—	$	—

Note 6 Net Income per Share

These condensed consolidated financial statements include “basic” and “diluted” net income per share information for all periods presented. The basic net income per share is calculated by dividing net income by the weighted average number of shares outstanding (see the condensed consolidated statement of income for weighted average shares outstanding for each period). The diluted net income per share is calculated by dividing net income by the weighted-average number of shares outstanding, adjusted for dilutive common shares, which are the result of outstanding stock options. ~~For~~The ~~the~~Company ~~three-month~~reported ~~periods~~net ~~ended~~income ~~August~~of 2$1,628,326 ~~2025~~for ~~and~~the ~~August~~first 3,quarter ~~2024,~~of ~~the~~2026 ~~Company~~or ~~had~~$0.50 ~~80,650~~per share (basic and 45diluted),~~400~~ ~~unexercised~~compared ~~stock~~to ~~options outstanding~~$1, ~~respectively~~980,422 ~~that~~or ~~were~~$0.61 ~~anti-dilutive~~per share ($0.60 diluted) for the first quarter of 2025. For the ~~nine~~three-month periods ended ~~August~~January 231, ~~2025~~2026 and ~~August~~February 31, ~~2024~~2025, the Company had 80107,~~650~~900 and 1545,~~550~~400 unexercised stock options outstanding, respectively, that were anti-dilutive.

Note 7 Revenues by Products and Services

The Company operates in one business segment, which is manufactured housing and ancillary services.

Revenues by net sales from manufactured housing homes and insurance agent commissions for the three ~~and nine~~ months ended ~~August~~January 231, ~~2025~~2026 and ~~August~~February 31, ~~2024~~2025 are as follows.

(unaudited)

Three Months Ended

Nine Months Ended

(Unaudited)

August 2,

August 3,

August 2,

August 3,

January 31,

February 1,

2025

2024

2025

2024

2026

2025

Manufactured housing

Homes sold through Company owned sales centers

96,~~748~~990,~~377~~417

1110,~~566~~648,~~672~~928

~~30,359,905~~

~~34,675,491~~

Homes sold to independent dealers and through manufactured home parks, net

23,~~171~~433,~~133~~532

21,~~147~~534,~~965~~440

~~8,422,881~~

~~5,163,942~~

11,919,510

13,714,637

38,782,786

39,839,433

10,423,949

12,183,368

Insurance agent commissions

~~101~~78,~~684~~897

8858,~~703~~374

~~237,487~~

~~259,883~~

Total net sales

1210,~~021~~502,~~194~~846

1312,~~803~~241,~~340~~742

~~39,020,273~~

~~40,099,316~~

Note 8 ~~Subsequent~~Related ~~Event~~Party Transaction

OnIn ~~August~~January 82026, ~~2025,~~ the Company repurchased 9100,~~200~~000 shares of ~~its~~ common stock onfrom ~~the~~our ~~open~~President ~~market~~at ~~for~~$29.70 anper ~~aggregate of $243,800~~share.

Note 9 Subsequent Events

On March 6, 2026, Board of Directors amended the termination date of the Nobility Homes, Inc. 2011 Stock Incentive Plan from June 1, 2026 until June 1, 2031.

The Board of Directors on March 6, 2026 declared a one-time cash dividend of $1.50 per common share for the fiscal year 2025. The cash dividend is payable on April 13, 2026, to stockholders of record as of March 30, 2026.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Results of Operations

Total net sales in the ~~third~~first quarter of ~~2025~~2026 were $1210,~~021~~502,~~194~~846 compared to $1312,~~803~~241,~~340~~742 in the ~~third~~first quarter of ~~2024. Total net sales for the first nine months of~~ 2025 ~~were $39,020,273 compared to $40,099,316 for the first nine months of 2024~~. Net ~~The Company reported net~~ income ofwas $1,~~825~~628,~~271~~326 in the ~~third~~first quarter of ~~2025~~2026, compared to a net income of $21,~~185~~980,~~312~~422 in the ~~third~~first quarter of ~~2024~~2025. Total net sales decreased during the first ~~nine~~three months of ~~2025~~2026 as compared to same period in ~~2024~~2025 due to a decrease in the number of new retail homes sold in our Company owned retail sales centers ~~during the first nine months of fiscal 2025 as compared to 2024~~ (~~195~~43 homes versus ~~232~~67 homes) partially offset by an increase in the number of homes sold to independent dealers, (57 homes versus 31 homes) which have lower margins. In ~~than~~addition, ~~retail~~we ~~sales~~are ~~during~~building ~~2025~~and ~~(129~~selling ~~versus~~lower-priced ~~99)~~homes to offset costs for customers due to the higher interest rates.

We believe that potential customers have delayed or deferred purchasing decisions, or are generally opting to purchase lower cost homes, when considering the higher interest rate environment and the uncertainty of the economy, which ~~continues~~continue to negatively impact sales. There also remain delays in the receipt of certain key production materials from suppliers, as well as, back orders, price increases, tariffs and labor shortages which continue to cause delays in the completion of the homes at our manufacturing facility. We also continue to experience inflation in several building products resulting in increases in our material and labor costs. We expect these challenges will continue throughout fiscal year ~~2025 and into fiscal~~ 2026.

~~The current demand for affordable manufactured housing in Florida and the U.S. has slowed.~~ According to the Florida Manufactured Housing Association, shipments for the manufacturing housing industry in Florida for the period from November ~~2024~~2025 through ~~July~~January ~~2025~~2026 ~~declined~~increased by approximately 122% from the same period last year.

The following table summarizes certain key sales statistics and percentage of gross profit for the three ~~and nine~~ months ended ~~August~~January 231, ~~2025~~2026 and ~~August~~February 31, ~~2024~~2025.

	(unaudited)						(unaudited)
	Three Months Ended
	Three Months Ended						Nine Months Ended
	(Unaudited)
	August 2,			August 3,			August 2,			August 3,
	January 31,			February 1,
	2025			2024			2025			2024
	2026			2025
New homes sold through Company owned sales centers		6343			7967			~~195~~			~~232~~
Pre-owned homes sold through Company owned sales centers		2			2			2			5
Homes sold to independent dealers		57			31
Homes sold to independent dealers		37			36			129			99
Total new factory built homes produced		96			87
Total new factory built homes produced		95			95			291			301
Average new manufactured home price - retail	$	159,480		$	154,016
Average new manufactured home price - retail	$	154,268		$	145,496		$	155,540		$	147,979
Average new manufactured home price - wholesale	$	68,173		$	69,095
Average new manufactured home price - wholesale	$	69,246		$	65,675		$	69,683		$	67,348
As a percent of net sales:
As a percent of net sales:
Gross profit from the Company owned retail sales centers		23	%		22	%
Gross profit from the Company owned retail sales centers		23	%		25	%		23	%		24	%
Gross profit from the manufacturing facilities -including intercompany sales		22	%		25	%
Gross profit from the manufacturing facilities -including intercompany sales		23	%		25	%		24	%		23	%

Maintaining our strong financial position is vital for future growth and success. Our many years of experience in the Florida market, combined with home buyers’ increased need for more affordable housing, should serve the Company well in the coming years. Management remains convinced that our specific geographic market is one of the best long-term growth areas in the country.

On June 5, 2025, we celebrated our 58th anniversary in business specializing in the design and production of quality, affordable manufactured and modular homes. With multiple retail sales centers in Florida for over 35 years and an insurance agency subsidiary, we are the only vertically integrated manufactured home company headquartered in Florida.

Insurance agent commission revenues in the ~~third~~first quarter of ~~2025~~2026 were $~~101~~78,~~684~~897 compared to $8858,~~703~~374 in the ~~third~~first quarter of ~~2024. Total insurance agent commission revenues for the first nine months of~~ 2025 ~~were $237,487 compared to $259,883 for the first nine months of 2024~~. Revenues are generated by new and renewal policies being written which affect agent commission earned. The Company establishes appropriate reserves for policy cancellations based on numerous factors, including past transaction history with customers, historical experience and other information, which is periodically evaluated and adjusted as deemed necessary. In the opinion of management, no reserve was deemed necessary for policy cancellations at ~~August~~January 231, ~~2025~~2026 and November 21, ~~2024~~2025.

Gross profit as a percentage of net sales was 3230% in the ~~third~~first quarter of ~~2025~~2026 compared to 3332% in the ~~third~~first quarter of ~~2024~~2025. The ~~and~~gross ~~was~~profit ~~32%~~in ~~for~~ the first ~~nine~~quarter ~~months~~ of ~~2025~~2026 was $3,197,106 compared to ~~34%~~$3,970,785 ~~for~~in the first ~~nine~~quarter ~~months~~ of ~~2024~~2025. The gross profit inis dependent on the ~~third~~sales ~~quarter~~mix of ~~2025~~wholesale ~~was~~and ~~$3,848,186~~retail ~~compared~~homes and number of pre-owned homes sold. The gross profit as a percentage of net sales decreased due to ~~$4,606,600~~an increase in the ~~third~~number ~~quarter~~ of ~~2024~~homes sold to independent dealers and ~~was~~a ~~$12,450,387~~decrease ~~for~~in the ~~first~~number ~~nine~~of homes ~~months~~sold ofat ~~2025~~our ~~compared~~Company owned retail sales centers that generate higher margins.

Selling, general and administrative expenses as a percent of net sales was 13% in the first quarter of 2026 compared to 14% for the first quarter of 2025. Selling, general and administrative expenses in the first quarter of 2026 was $1,369,656 compared to $1,676,650 in the first quarter of 2025. The dollar decrease in selling, general and administrative expenses for the first three months of 2026 versus 2025 were due to decrease in the number of new home sold at our Company owned retail sales centers.

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toWe earned interest income of $13255,~~509,340~~849 for the first ~~nine~~quarter ~~months~~ of ~~2024. The~~2026 ~~gross~~compared ~~profit~~to is$285,278 ~~dependent~~for on the ~~sales~~first ~~mix~~quarter of ~~wholesale and retail homes and number of pre-owned homes sold~~2025. The ~~gross~~amount ~~profit as a percentage~~ of ~~net~~interest ~~sales~~income ~~decreased~~is ~~due~~primarily toa anfunction ~~increase~~of change in the ~~number~~interest ofrates ~~homes sold to independent dealers~~ and ~~a decrease in~~ the ~~number~~amount ~~of homes sold at our Company owned retail sales centers that generate higher margins~~invested.

~~Selling,~~Our ~~general~~earnings ~~and~~from ~~administrative~~Majestic ~~expenses~~21 ~~as a percent of net sales was 14%~~ in the ~~third~~first quarter of ~~2025~~2026 ~~compared~~were to$26,191 ~~15% for the third quarter of 2024 and was 13% for the first nine months of 2025~~ compared to ~~15%~~$25,805, infor the first ~~nine~~quarter ~~months~~ of ~~2024~~2025. ~~Selling,~~The ~~general~~earnings ~~and~~from ~~administrative~~Majestic ~~expenses~~21 inrepresent the ~~third~~allocation ~~quarter~~ of ~~2025~~profit ~~was~~and ~~$1,670,585~~losses ~~compared~~which toare ~~$2,032,973~~owned in50% ~~the~~by ~~third~~21st ~~quarter~~Mortgage ofCorporation ~~2024~~ and ~~was~~50% ~~$5,236,432~~by ~~for~~ the ~~first~~Company. ~~nine~~The ~~months~~earnings offrom ~~2025 compared to $5,976,683 for~~ the ~~first~~Majestic ~~nine~~21 ~~months~~loan ofportfolio ~~2024.~~vary ~~The~~quarter ~~dollar~~to ~~decrease~~quarter, inbut ~~selling~~overall, ~~general and administrative expenses for~~ the ~~first~~earnings ~~nine~~will ~~months~~continue ofto ~~2025~~decrease ~~versus 2024 were~~ due to ~~decrease in~~ the ~~number~~amortization, ofmaturity ~~new~~and ~~home~~payoff ~~sold~~of atthe ~~our Company owned retail sales centers~~loans.

We ~~earned~~received ~~interest~~distributions ~~income~~from of21st ~~$270,139~~Mortgage ~~for~~Corporation in the ~~third~~first quarter of ~~2025~~2026 of $21,446 compared to $~~318~~38,~~253~~152 ~~for~~in the ~~third~~first quarter of ~~2024~~2025. ~~For~~ ~~the~~The ~~first~~distributions ~~nine~~are ~~months~~from ofan ~~2025,~~escrow ~~interest~~arrangement ~~income~~related ~~was~~to ~~$853~~a Finance Revenue Sharing Agreement (FRSA) between 21st Mortgage Corporation and the Company. The distributions from the escrow arrangement,~~735~~ ~~compared~~relating to ~~$836~~certain loans financed by 21st Mortgage Corporation,~~113~~ inare ~~the~~recorded ~~first~~as ~~nine~~income ~~months~~by ofthe ~~2024~~Company when received. The ~~amount~~earnings offrom ~~interest~~the ~~income~~FRSA isloan ~~primarily~~portfolio awill ~~function~~vary ofquarter ~~change~~to inquarter, ~~the~~but ~~interest~~will ~~rates~~continue ~~and~~to decrease due to the ~~amount~~amortization ~~invested~~and payoff of the loans.

~~Our~~The ~~earnings~~Company ~~from~~realized ~~Majestic~~pre-tax 21income in the ~~third~~first quarter of ~~2025~~2026 ~~were~~of $252,~~624 compared to $24~~181,~~914,~~132 ~~for~~as ~~the third quarter of 2024. The earnings for the first nine months of 2025 were $72,893~~ compared to $672,623 for the first nine months of 2024. The earnings from Majestic 21 represent the allocation of profit and losses which are owned 50% by 21st Mortgage Corporation and 50% by the Company. The Company received a one-time distribution of approximately $1.6 million in first quarter of 2024649,213 ~~representing our 50% of the excess capital~~ in the ~~portfolio.~~first ~~The earnings from the Majestic 21 loan portfolio vary~~ quarter ~~to quarter, but overall, the earnings will continue to decrease due to the amortization, maturity and payoff~~ of ~~the loans~~2025.

WeThe ~~received~~Company ~~distributions~~recorded ~~from~~an ~~21st~~income ~~Mortgage~~tax ~~Corporation~~expense in the ~~third~~amount ~~quarter~~ of ~~2025 of~~ $36552,~~094~~806 ~~compared to $47,339~~ in the ~~third~~first quarter of ~~2024~~2026 ~~and~~as ~~$116,312 for the first nine months of 2025~~ compared to $~~147~~668,~~155~~791 ~~for~~in ~~the~~ first nine months of 2024. The distributions are from an escrow arrangement related to a Finance Revenue Sharing Agreement (FRSA) between 21st Mortgage Corporation and the Company. The distributions from the escrow arrangement, relating to certain loans financed by 21st Mortgage Corporation, are recorded as income by the Company when received. The earnings from the FRSA loan portfolio will vary quarter ~~to quarter, but will continue to decrease due to the amortization and payoff of the loans~~2025.

~~The~~We ~~Company~~reported ~~realized~~net ~~pre-tax~~ income ~~in the third quarter~~ of ~~2025 of~~ $21,~~493~~628,~~117~~326 asfor ~~compared to $2,927,213 in~~ the ~~third~~first quarter of ~~2024. The~~2026 ~~pre-tax~~or ~~income~~$0.50 ~~for~~per ~~the~~share ~~first~~(basic ~~nine~~and ~~months~~diluted), ofcompared ~~2025~~to ~~was~~ $81,~~168~~980,~~256~~422 asor ~~compared~~$0.61 toper share ($80.60 diluted),~~773,299~~ infor the first ~~nine~~quarter ~~months~~ of ~~2024~~2025.

The Company recorded an income tax expense in the amount of $667,846 in the third quarter of 2025 as compared to $741,901 in third quarter 2024. Income tax expense for the nine months of 2025 was $2,070,243 compared to $2,223,591 for the nine months of 2024.

We reported net income of $1,825,271 for the third quarter of 2025 or $0.56 per share, compared to $2,185,312 or $0.67 per share, for the third quarter of 2024. For the first nine months of 2025 net income was $6,098,013 or $1.87 per share (diluted $1.86) compared to $6,549,708 or $2.00 per share (basic and diluted) in the first nine months of 2024.

Liquidity and Capital Resources

Cash and cash equivalents were $1411,~~362~~083,~~469~~302 at ~~August~~January 231, ~~2025~~2026 compared to $13,~~521~~230,~~296~~504 at November 21, ~~2024~~2025. Certificates of deposit were $1214,~~174~~184,~~266~~546 at ~~August~~January 231, ~~2025~~2026 compared to $13,~~021~~109,~~839~~325 at November 21, ~~2024~~2025. Short-term investments were $~~564~~622,~~681~~994 at ~~August~~January 231, ~~2025~~2026 compared to $~~680~~583,~~017~~128 at November 21, ~~2024~~2025. Working capital was $4445,~~799~~560,~~769~~911 at ~~August~~January 231, ~~2025~~2026 as compared to $4246,~~927~~866,~~149~~425 at November 21, ~~2024~~2025. During January 2026, the Company repurchased 100,000 shares of common stock from our President at $29.70 per share ($2,970,000). A cash dividend was paid from our cash reserves in April 2025 in the amount of $1.25 per share ($4,086,247). ~~The~~and ~~Company~~on ~~received~~March ~~approximately~~6, 2026, we declared a one-time cash dividend of $1.650 ~~million~~per incommon share for the ~~first~~fiscal ~~quarter~~year of2025 ~~2024,~~payable ~~from~~on ~~21st~~April ~~Mortgage~~13, ~~Corporation~~2026, ~~representing~~to ~~our~~shareholders ~~50%~~ of ~~the~~record ~~excess~~as ~~capital~~March in30, ~~the portfolio~~2026. Prestige new home inventory was $17,~~058~~073,~~767~~000 at ~~August~~January 231, ~~2025~~2026 compared to $1816,~~475~~605,~~931~~049 at November 21, ~~2024~~2025. ~~Prestige has fifty one (51) ($4.1 million) new homes that are included in inventory and are in the field waiting to be completed and closed.~~ We own the entire inventory for our Prestige retail sales centers, which includes new and pre-owned homes, and do not incur any third-party floor plan financing expenses.

The Company currently has no line of credit facility and no debt and does not believe that such a facility is currently necessary for its operations. The Company also has approximately $4.78million ~~million~~ of cash surrender value of life insurance which it would be able to access as an additional source of liquidity though the Company has not currently viewed this to be necessary. As of ~~August~~January 231, ~~2025~~2026, the Company continued to report a strong balance sheet which included total assets of approximately $65.69 million which was funded primarily by stockholders’ equity of approximately $5859.74 million.

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Critical Accounting Policies and Estimates

In Item 7 of our Form 10-K, under the heading “Critical Accounting Policies and Estimates,” we have provided a discussion of the critical accounting policies and estimates that management believes affect its more significant judgments and estimates used in the preparation of our Consolidated Financial Statements. No significant changes have occurred since that time.

Forward-Looking Statements

Certain statements in this report are unaudited or forward-looking statements within the meaning of the federal securities laws. Although Nobility believes that the amounts and expectations reflected in such forward-looking statements are based on reasonable assumptions, there are risks and uncertainties that may cause actual results to differ materially from expectations. These risks and uncertainties include, but are not limited to, the potential adverse impact on our business caused by competitive pricing pressures at both the wholesale and retail levels, inflation, tariffs, increasing material costs (including forest based products) or availability of materials due to supply chain interruptions (such as current inflation with forest products and supply issues with vinyl siding and PVC piping), changes in market demand, increase in interest rates, availability of financing for retail and wholesale purchasers, consumer confidence, adverse weather conditions that reduce sales at retail centers, the risk of manufacturing plant shutdowns due to storms or other factors, the impact of marketing and cost-management programs, the impact of higher interest rates on mortgage financing, reliance on the Florida economy, impact of labor shortage, impact of materials shortage, increasing labor cost, cyclical nature of the manufactured housing industry, impact of rising fuel costs, catastrophic events impacting insurance costs, availability of insurance coverage for various risks to Nobility, market demographics, management’s ability to attract and retain executive officers and key personnel, increased global tensions, market disruptions resulting from terrorist attacks, or other events such as a pandemic, any armed conflict involving the United States and the impact of inflation.

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Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

The Company’s Chief Executive Officer (principal executive officer) and Chief Financial Officer (principal financial officer) have evaluated the effectiveness of the Company’s disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of the end of the period covered by this report (the “Evaluation Date”). Based on their evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that the Company’s disclosure controls and procedures were effective as of ~~August~~January 231, ~~2025~~2026.

Changes in Internal Control over Financial Reporting.

There were no changes in our internal controls over financial reporting that occurred during the ~~third~~first quarter of fiscal ~~2025~~2026 that have materially affected, or are reasonably likely to materially affect, the Company’s internal controls over financial reporting.

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Part II. OTHER INFORMATION AND SIGNATURES

There were no reportable events for Item 1, 3 and 4.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

The ~~Company~~following ~~did~~table ~~not~~represents ~~repurchase~~information ~~any~~with ~~shares~~respect to purchase by the Company of its common stock during the ~~third~~three ~~quarter~~months ended ~~August~~January 231, ~~2025~~2026.


	Total number				Toal number of shares		Maximum number of shares
	of shares		Average price		purchased as part of public		that may yet be purchased
Period	repurchased		paid per share		announced plans or programs*		under the plans or programs*
Nov 02, - Nov 30, 2025		0	$	0.00		0		0
Dec 01, - Dec 31, 2025		0	$	0.00		0		0
Jan 01, - Jan 31, 2026		100,000	$	29.70		100,000		0

*The Company’s Board of Directors in September of 2025, authorized the Company to repurchase up to 200,000 shares of the Company’s common stock during fiscal year 2026 on the open market. During the three months ended January 31, 2026, the Company repurchased an aggregate of 100,000 shares of common stock. There were no shares of its common stock purchased in the first quarter of 2025.

Item 5. Other Information

During the three months ended ~~August~~January 231, ~~2025~~2026 no director or Section 16 officer of the Company adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as each term is defined in item 408(a) of Regulation S-K.

Item 6. Exhibits



31.	(a)	Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act and Rule 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934

	(b)	Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act and Rule 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934

32.	(a)	Written Statement of Chief Executive Officer Pursuant to 18 U.S.C. §1350

	(b)	Written Statement of Chief Financial Officer Pursuant to 18 U.S.C. §1350

101.		Interactive data filing formatted in XBRL

104.		Cover Page Interactive Date File (formatted as inline XBRL and contained in Exhibit 101.

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Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	NOBILITY HOMES, INC.
DATE: September 15, 2025	By:	/s/ Terry E. Trexler
DATE: March 17, 2026	By:	/s/ Terry E. Trexler
		Terry E. Trexler, Chairman,
		President and Chief Executive Officer
DATE: September 15, 2025	By:	/s/ Thomas W. Trexler
DATE: March 17, 2026	By:	/s/ Thomas W. Trexler
		Thomas W. Trexler, Executive Vice President,
		Thomas W. Trexler, Executive Vice President, Secretary
		and Chief Financial Officer
DATE: September 15, 2025	By:	/s/ Lynn J. Cramer, Jr.
DATE: March 17, 2026	By:	/s/ Lynn J. Cramer, Jr.
		Lynn J. Cramer, Jr., Treasurer
		and Principal Accounting Officer

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