Strong Order Intake and Solid Financial Performance Position Autoneum for Profitable Growth

Dear shareholders

Autoneum delivered solid profitability, achieved operative improvements and made significant strategic progress in the 2025 financial year, most notably through the successful expansion of its footprint in China via two acquisitions. For the second consecutive year, Autoneum achieved a strong order intake, fully in line with its strategic growth ambitions. In 2025, new business developed positively across all major regions and met the Group’s growth initiative targeting new awards of around CHF 500 million in annual revenue, reflecting the sustained trust of all major OEMs in Autoneum’s technologies. These achievements were realized despite a persistently challenging market environment.

Global automotive dynamics in 2025 were marked by clear regional divergence: Asia—and particularly China—continued to grow robustly and outperformed the global market, while production volumes weakened further in Europe and softened in North America as several Western OEMs reduced output. These shifts directly influenced demand patterns across Autoneum’s Business Groups.

A key milestone of the year was the execution of Autoneum’s growth strategy in China. With the acquisitions of Jiangsu Huanyu Group and Chengdu Yiqi-Sihuan Group, Autoneum has significantly broadened its Chinese customer access, strengthened its technological capabilities and expanded its presence in the world’s largest automotive market. Together, these steps reinforce the long-term objectives of the Level Up strategy.

Revenue and profitability strengthened year-on-year

Group revenue increased to CHF 2’393.3 million in local currencies (2024: CHF 2’338.7 million), supported by inorganic growth of 6.4% from the two China acquisitions. Organically, revenue declined by 4.1%, because of decreasing production volumes in Europe and in North America. Due to currency translation effects from the strong Swiss franc, the Group reported a revenue of CHF 2’290.6 million.

Despite lower revenue, profitability improved once again. EBIT rose to CHF 126.9 million (2024: CHF 125.0 million), resulting in an EBIT margin of 5.5% (2024: 5.3%), driven by strong operational discipline and efficiency measures.

The net result increased to CHF 80.2 million (2024: CHF 70.0 million), which is an increase of 14.6% compared to the previous year, reflecting continued operational and financial improvements. Earnings per share rose by 15.2% to CHF 10.34, underscoring Autoneum’s sustained value creation for shareholders.

Cash flow and balance sheet

Free cash flow amounted to CHF 66.8 million. Excluding acquisition-related effects, it improved to CHF 121.1 million (2024: CHF 109.7 million), demonstrating the strength of Autoneum’s operating model in volatile markets.

Net debt increased only marginally to CHF 413.2 million (December 31, 2024: CHF 399.2 million) despite acquiring two companies in China. The equity ratio stands at 35.1% (December 31, 2024: 37.0%). Autoneum remains financially robust and committed to disciplined balance sheet management.

Board of Directors proposes a distribution of CHF 3.20 per share

In line with Autoneum’s long-standing dividend policy, the Board of Directors of Autoneum Holding Ltd. will propose at the Annual General Meeting on April 28, 2026, a distribution of CHF 3.20 per share to shareholders, half of which shall be paid from available earnings and half from reserves from capital contributions. This corresponds to 31% of the net result attributable to Autoneum shareholders for the 2025 financial year, reflecting the Group’s continued commitment to maintaining financial discipline.

Business Group performance – market and development

Europe
After several years of pronounced market weakness, the European automotive market was showing slight encouraging signs of improvement in 2025. While this does not yet constitute a turnaround, these initial signals mark an important step toward potential stabilization in the region.

Revenue of Business Group Europe declined in local currencies by 7.6%, reaching CHF 1’057.1 million (2024: CHF 1’152.4 million). The decrease reflects lower production among several Western OEM customers. Through capacity adjustments, footprint optimization and strict cost control, the Business Group improved EBIT margin to 5.3% (2024: 5.0%), demonstrating resilience. Medium term shifts—particularly BEV architectures, lightweighting and sustainable materials—offer growth opportunities that align well with Autoneum’s technologies.

North America
North America saw a mixed market environment in 2025: strong early-year demand driven by pretariff purchasing and momentum in electric vehicles, followed by a softer second half amid trade policy uncertainty. Revenue in local currencies declined by 3.0%, in slightly more than the market. Consolidated in Swiss francs, revenue decreased to CHF 805.8 million (2024: CHF 884.6 million).

Operational performance improved substantially. Enhanced manufacturing stability, stronger supplier alignment and ongoing cost programs led to an EBIT increase to CHF 40.1 million (2024: CHF 31.9 million), raising the EBIT margin to 5.0% (2024: 3.6%).

Asia
Asia was Autoneum’s most dynamic growth driver in 2025. Revenue surged by 64.6% to CHF 326.4 million (2024: CHF 198.3 million). In local currencies, revenue grew by 73.9%, driven by the two acquisitions. They significantly expanded access to Chinese OEMs—including major players like BYD, BAIC, GAC and FAW affiliated manufacturers—and enhanced local development capabilities. Integration is progressing according to plan.

EBIT increased to CHF 24.7 million (2024: CHF 17.0 million), with a margin of 7.6% (2024: 8.6%). This growth clearly exceeded the underlying market dynamics, enabeling Autoneum to strengthen is position in the regional automotive market. China—the region’s largest automotive market—expanded by around 9% in 2025, with NEV¹ volumes rising by more than 28% year on year and total vehicle sales reaching a new alltime high. Against this backdrop, Autoneum clearly outpaced regional market trends, reflecting the contribution of the two acquisitions and the strengthened position with leading Chinese OEMs.

S&P Global Mobility forecasts confirm Asia’s position as the world’s most dynamic automotive region, with growth in BEV platforms and export-focused OEM strategies. The operational ramp-up of the Changchun joint venture plant and the Pune facility further strengthened Autoneum’s regional presence.

SAMEA (South America, Middle East and Africa)
SAMEA delivered a stable performance in a highly inflationary environment. Revenue decreased slightly to CHF 117.8 million (2024: CHF 121.4 million), but in local currencies increased by 17.7%, supported by inflation related price adjustments and steady volumes in key markets such as Brazil and Türkiye.

EBIT amounted to CHF 15.1 million (2024: CHF 17.3 million), with a strong EBIT margin of 12.8% (2024: 14.2%), reflecting disciplined cost management and effective inflation mitigation.

Strategic progress under the Level Up strategy

Autoneum made consistent and measurable progress across all pillars of the Level Up strategy:

Corporate Responsibility: significant progress in 2025

In 2025, Autoneum advanced its ambition to become the sustainability benchmark of the industry. Compared to 2024, the Group achieved reductions of 5.3% in Scope 1 and 2 emissions, 2.1% in upstream Scope 3 emissions from direct purchased materials and tools, an 8.7% decrease in water withdrawal, and 1’743 metric tons less nonhazardous waste directed to disposal. A total of 140 ecoefficiency projects supported reductions in energy and waste, as well as increased recycling.

Innovation remained a key driver for sustainable value creation, with new circular and BEV focused technologies including N-Join1, Flexi-Light PET, E-Fiber Flame Shields and new battery impact protection plates.

Employee safety and engagement improved significantly: the injury frequency rate decreased by 31%, the Gallup Engagement Score increased by 0.1 to 3.78 (on 5.0 scale); and global training initiatives expanded. Autoneum received external recognition including EcoVadis Gold, an “A” rating from CDP, and improved ISS and S&P scores. The Code of Conduct training was completed by 96% of employees, illustrating the high governance discipline. There were no confirmed incidents of corruption or environmental violations in the reporting period,

Personnel changes

Effective January 1, 2025, Denis Albert assumed the role of Head Business Group North America and joined the Group Executive Board, succeeding Greg Sibley, who retired at the end of January.

At Board level, Yanni von Roy-Jiang—originally elected at the 2025 General Assembly—decided not to stand for re-election in 2026 to avoid potential conflicts of interest arising from her new professional commitments. The Board sincerely thanks Yanni von Roy-Jiang for her valuable contributions she made during her time on the Board.

Employees

Headcount increased to 16’407 FTEs (2024: 15’349), due to the integration of the two Chinese companies. Across all regions, Autoneum employees again demonstrated professionalism, dedication and resilience, contributing decisively to stable operations, customer program execution and progress in sustainability, digitalization and operational excellence. Their expertise remains essential to strengthening the Group’s competitiveness and supporting long‑term growth.

Guidance 2026

According to the latest market forecast², global light‑vehicle sales in 2026 are expected to remain essentially flat at around 92.8 million units. Consequently, Autoneum expects revenue of CHF 2.2 to 2.4 billion for the 2026 financial year. Based on this, the Group anticipates an EBIT margin of 5.5 to 6.1% and a free cashflow of more than CHF 100 million.

Outlook

The medium-term targets remain unchanged, except for currency translation effects due to the strong Swiss franc:

Acknowledgment

On behalf of the Board of Directors and the Group Executive Board, we express our sincere appreciation to the Autoneum employees for their outstanding dedication. We also thank our customers, shareholders, and business partners for their trust and support.

Autoneum enters 2026 with a strengthened strategic foundation, broader customer access in Asia, and a clear commitment to generating long-term value for its shareholders.

Winterthur, March 11, 2026

Financial Highlights