DOUBLE-DIGIT CORE GROWTH IN THREE OF FOUR DIVISIONS RETURN TO NET SALES GROWTH REFLECTS STRENGTH ACROSS THE BUSINESS LEVERAGE RATIO LOWEST LEVEL IN THE LAST FOUR YEARS (Form 8-K)

DOUBLE-DIGIT CORE GROWTH IN THREE OF FOUR DIVISIONS

RETURN TO NET SALES GROWTH REFLECTS STRENGTH ACROSS THE BUSINESS

LEVERAGE RATIO LOWEST LEVEL IN THE LAST FOUR YEARS

Advancing Portfolio Rebalancing Initiative to Enhance Focus, Simplify Operations, and Support Second-Half 2026 Performance

Nashville, TN. - August 5, 2026 - Holley Performance Brands (NYSE: HLLY), a leader in automotive aftermarket performance solutions, today announced financial results for its second quarter ended June 28, 2026.

Second Quarter Highlights vs. Prior Year Period

•Net Sales grew 3.2% to $172.0 million compared to $166.7 million last year

•Core business net sales1 grew by 4.9% after excluding portfolio divestitures and portfolio rebalancing initiative.

•Net Loss was $(2.4) million, or $(0.02) per diluted share, compared to Net Income of $10.9 million, or $0.09 per diluted share, last year

•Includes a $28.3 million loss on the sale of non-core assets related to the Company's portfolio rebalancing initiative.

•Net Cash Provided by Operating Activities was $47.1 million compared to $40.5 million last year

•Adjusted Net Income2 was $24.0 million compared to $10.6 million last year

•Adjusted EBITDA2 was $33.8 million compared to $36.4 million last year

•Adjusted EBITDA margin1 was 19.6% compared to 21.9% last year

•Free Cash Flow2 was $40.9 million compared to $35.7 million last year

1Core business net sales excludes sales of divested businesses and the portfolio rebalancing initiative.

2See "Use and Reconciliation of Non-GAAP Financial Measures" below.

"Our second quarter results reflect positive core growth and continued execution against the strategic priorities we outlined earlier this year, with three of our four business segments delivering year-over-year core growth," said Matthew Stevenson, President and Chief Executive Officer of Holley.

Stevenson continued, "We believe we are entering the second half of the year with solid momentum, supported by new national retailer placements, a healthy cadence of product innovation, and several important launches slated for the coming months. At the same time, we have reinvigorated our marketing calendar with a greater focus on brand activation and enthusiast engagement, helping to strengthen awareness and demand across our portfolio.

"During the quarter we completed the sale of our non-core Restoration brands, including Scott Drake and Brothers Trucks, a step that further reduces complexity and enables us to concentrate resources on our highest-priority growth opportunities. We remain focused on disciplined execution and believe the actions we have taken position Holley for continued progress in the periods ahead."

Jesse Weaver, Chief Financial Officer of Holley, added, "The second quarter showcased our continued focus on cash generation, balance sheet improvement, and disciplined capital allocation. Our underlying operating performance was stronger than the year-over-year Adjusted EBITDA comparison suggests: the prior-year quarter included a one-time, non-cash benefit from the capitalization of tariff costs that did not repeat this year, and adjust for that item, we believe Adjusted EBITDA performance was approximately flat year-over-year. We generated strong free cash flow in the quarter and year-to-date, which enabled us to continue making progress on our capital priorities.

"During the quarter, we repurchased approximately $2.0 million of our common stock, reflecting our confidence in the long-term value of the business. Following a $15.0 million voluntary debt prepayment made after quarter-end, we have now reduced debt by $115.0 million through voluntary prepayments since September 2023. Combined with our strong cash generation, these actions contributed to another quarter of leverage reduction helping us maintain progress towards finishing the year below our targeted leverage ratio of 3.5x.

"Based on our first-half performance and the opportunities we see in the second half of the year, we are reiterating our full-year guidance and remain focused on delivering sustainable value for our shareholders."

Strategic Business Highlights and Recent Events

•27 brands delivered growth across DTC and B2B channels.

•Generated $40.9 million of free cash flow and remain on track for year-end leverage below 3.5x.

•Long Term Strategic initiatives drove $13.4 million in revenue and delivered $8.3 million in cost savings.

•Realigned marketing to strengthen consumer engagement and brand activation.

•Repurchased ~$2.0 million of shares, reinforcing confidence in our long-term value creation.

•Continued portfolio rebalancing through the divestiture of the non-core Restoration brands.

•Reduced debt by an additional $15.0 million, bringing total debt reduction to $115.0 million since September 2023.

•Well positioned for H2 2026 with new retail placements and a strong product launch pipeline.

Outlook

**For the year ending December 31, 2026, core business revenue guidance remains unchanged:

Metric			Current Full Year 2026 Outlook
Net Sales Core Business Growth Rate %1			$610 - $640 million ~2% to ~7%
Adjusted EBITDA*			$127 - $137 million
Capital Expenditures			$15 - $20 million
Depreciation and Amortization Expense			$24 - $26 million
Interest Expense (excluding collar revaluation)			$42 - $47 million

1 Core Business Growth Rate, excludes impact from Portfolio Rebalancing Initiative.

* Holley is not providing reconciliations of forward-looking full year 2026 Adjusted EBITDA outlook because certain information necessary to calculate the most comparable GAAP measure, net income, is unavailable due to the uncertainty and inherent difficulty of predicting the occurrence and the future financial statement impact of certain items. Therefore, as a result of the uncertainty and variability of the nature and amount of future adjustments, which could be significant, Holley is unable to provide these forward-looking reconciliations without unreasonable effort. Accordingly, Holley is relying on the exception provided by Item 10(e)(1)(i)(B) of Regulation S-K to exclude these reconciliations.

Holley notes that its outlook for the year-ending December 31, 2026 may vary due to changes in assumptions or market conditions and other factors described below under "Forward-Looking Statements."

Conference Call

A conference call and audio webcast has been scheduled for 8:30 a.m. Eastern Time today to discuss these results. Investors, analysts, and members of the media interested in listening to the live presentation are encouraged to join a webcast of the call available on the investor relations portion of the Company's website at investor.holley.com. For those

that cannot join the webcast, you can participate by dialing 877-407-4019 (Toll Free) or 201-689-8337 (Toll) using the access code of 13761658.

For those unable to participate, a telephone replay recording will be available until Wednesday, August 12, 2026. To access the replay, please call 877-660-6853 (Toll Free) or 201-612-7415 (Toll) and enter confirmation code 13761658. A web-based archive of the conference call will also be available on the Company's website.

Additional Financial Information

The Investor Relations page of Holley's website, investor.holley.com contains a significant amount of financial information about Holley, including our earnings presentation, which can be found under Events & Presentations. Holley encourages investors to visit this website regularly, as information is updated, and new information is posted.

About Holley Performance Brands

Holley Performance Brands (NYSE: HLLY) leads in the design, manufacturing and marketing of high-performance products for automotive enthusiasts. The company owns and manages a portfolio of iconic brands, catering to a diverse community of enthusiasts passionate about the customization and performance of their vehicles. Holley Performance Brands distinguishes itself through a strategic focus on four consumer vertical groupings, including American Performance, Modern Truck & Off-Road, Euro & Import, and Safety & Racing, ensuring a wide-ranging impact across the automotive aftermarket industry. Renowned for its innovative approach and strategic acquisitions, Holley Performance Brands is committed to enhancing the enthusiast experience and driving growth through innovation. For more information on Holley Performance Brands and its dedication to automotive excellence, visit https://www.holley.com.