Lothian Buses invests in capacity with order for 60 new Volvo B8L tri-axles with Alexander Dennis Enviro400XLB bodies

• Alexander Dennis (a subsidiary of NFI Group) has secured a firm order for 60 low-emission tri-axle double-decker buses for Scottish transit operator Lothian Buses.
• The vehicles utilize the Volvo B8L chassis and Alexander Dennis Enviro400XLB body, designed for high-capacity routes and the Airlink 100 service.
• A pipeline order for 40 additional zero-emission double-deckers is planned, contingent upon Scottish Government grant funding.
• The order expands a historical supply relationship that previously delivered 78 similar units between 2018 and 2019.

• The order adds approximately $50-$60 million to NFI's firm backlog, which is consistent with historical order sizes for this vehicle configuration.
• It reinforces NFI's presence in the UK market, which has faced headwinds from foreign competition and domestic restructuring at the Alexander Dennis facilities.
• The news is incremental and expected, following a series of recent order wins (e.g., BC Transit in May 2026) and the reaffirmation of a $13 billion backlog in Q1 2026.
• It does not alter the company's financial guidance or strategic trajectory, serving as a routine confirmation of steady demand in the UK transit sector.

• NFI Group Inc. is a global manufacturer of transit buses, motorcoaches, and school buses, operating through subsidiaries New Flyer, Alexander Dennis, and Motor Coach Industries.
• Flagship projects include the Xcelsior CHARGE electric bus platform, the Enviro500 double-decker, and the expansion of Canadian manufacturing capacity via Project True North.
• The company is actively transitioning its fleet toward zero-emission vehicles (ZEBs), which now represent over 35% of its backlog.