AUMOVIO delivers operational progress in the first half of the year and specifies guidance for 2026 following BMW settlement

Frankfurt am Main, August 6, 2026. The technology company AUMOVIO concluded the first half of 2026 amid a persistently challenging market environment with operational progress. With the agreement announced on July 30, 2026, AUMOVIO and BMW have resolved their longstanding legal dispute, strengthened the long-term business relationship, and created the foundation for new joint projects. The resulting accounting impacts affected the results for the first half of 2026; payments will be made in the second half of 2026.

Adjusted consolidated sales came in at €8.6 billion, representing a decline of 8.9 percent year-on-year (H1 2025: €9.5 billion). Adjusted EBIT amounted to €157 million in the first half of 2026 (H1 2025: €260 million). The adjusted EBIT margin stood at 1.8 percent (H1 2025: 2.7 percent). Considering the results for the first half of 2026, the BMW settlement, and a current assessment of the market environment, AUMOVIO is specifying its full-year guidance for 2026. The published capital allocation strategy outlines the priorities for future capital deployment and thereby enhances transparency for investors.

In the second quarter of 2026, AUMOVIO generated adjusted consolidated sales of €4.2 billion (Q2 2025: €4.7 billion). The adjusted EBIT amounted to €50 million (Q2 2025: €167 million), corresponding to an adjusted EBIT margin of 1.2 percent (Q2 2025: 3.5 percent). Excluding the accounting effects of the BMW settlement, adjusted consolidated sales in the second quarter of 2026 would have amounted to €4.3 billion, adjusted EBIT to €152 million, and the adjusted EBIT margin to 3.5 percent. The adjusted EBIT margin would therefore have reached the prior-year level. Adjusted free cash flow in the second quarter of 2026 amounted to €-174 million (Q2 2025: €-144 million). Normalized free cash flow stood at €-34 million (Q2 2025: €-25 million).

In the first six months of 2026, the business areas showed the following performance:

In the Autonomous and Commercial Mobility business area, adjusted sales came in at €1.4 billion (H1 2025: €1.6 billion). The decline of approximately 12.7 percent was primarily driven by lower volumes in the U.S. market and adverse foreign exchange effects. Adjusted EBIT amounted to €-14 million (H1 2025: €-2 million).

The Architecture and Network Solutions business area recorded adjusted sales of €2.4 billion (H1 2025: €2.6 billion). The year-on-year decline of 6.1 percent was primarily driven by lower volumes in Europe and the U.S. market as well as by adverse foreign exchange effects. Adjusted EBIT improved by €40 million year-on-year to €142 million (H1 2025: €102 million).

The Safety and Motion business area generated adjusted sales of €3.4 billion (H1 2025: €3.7 billion). The year-on-year decline of 9.6 percent was mainly attributable to lower production volumes and foreign exchange effects. Adjusted EBIT was at €29 million, €127 million below the prior-year result (H1 2025: €156 million), mainly due to special effects related to the BMW settlement.

The User Experience business area achieved adjusted sales of €1.4 billion in the first half of the year, compared to €1.5 billion in the prior-year period. Portfolio-related one-off effects, foreign exchange impacts, regional demand shifts, and sustained competitive pressure, particularly from Asia, were the drivers of the 6.3 percent sales decline. Thanks to cost management and increased operational efficiency, adjusted EBIT improved to €14 million (H1 2025: €11 million).

At the end of the first half of the year, AUMOVIO continues to have a strong capital base and balance sheet structure. The equity ratio stands at 52.9 percent (H1 2025: 53.9 percent). Besides that, the company holds net liquidity of €1.2 billion (H1 2025: €1.4 billion) and a revolving credit line of €2.5 billion, available until September 2029. Normalized free cash flow increased by €29 million to €113 million (H1 2025: €84 million), while adjusted free cash flow remained constant at €-177 million (H1 2025: €-177 million).

Today, AUMOVIO has also published its capital allocation strategy, which provides a transparent framework for value-creating capital deployment. The capital allocation strategy is designed to ensure that AUMOVIO’s shareholders appropriately participate in the company’s success. To this end, the strategy focuses on maintaining a strong balance sheet, investing in profitable organic growth and pursuing a reliable dividend policy. In addition, excess free cash flow after dividends and inorganic growth investments is intended to be returned to shareholders through share buybacks, creating additional long-term value.

According to the latest forecast by Mobility Global, global automotive production is expected to decline slightly in 2026. In particular, lower production volumes are expected in Europe, North America and China. Due to lower production volumes, persistent geopolitical conflicts and uncertainty about trade policy, AUMOVIO continues to expect an overall challenging market environment for fiscal year 2026.

Considering the results for the first half of 2026, the effects of the agreement with BMW, and the assessment of the current market environment, AUMOVIO provides the following guidance for the fiscal year 2026:

• Adjusted sales: €17.0 to €17.5 billion (previously: €17.0 to €18.5 billion)
• Adjusted EBIT margin: 3.0 to 4.0 percent (previously: 3.5 to 5.0 percent)
• Normalized free cash flow: €500 to €700 million (previously: €500 to €800 million)

For a comprehensive overview of our H1 2026 financial results, please find all relevant information here: https://ir.aumovio.com/publications