Stabilus SE

Investor Presentation • Dec 8, 2025

FY2025 RESULTS

ANALYST & INVESTOR WEB CONFERENCE DECEMBER 8, 2025

DISCLAIMER

Stabilus SE (the "Company", later "Stabilus") has prepared this presentation solely for your information. It should not be treated as giving investment advice. Neither the Company, nor any of its directors, officers, employees, direct or indirect shareholders and advisors nor any other person shall have any liability whatsoever for any direct or indirect losses arising from any use of this presentation.

While the Company has taken all reasonable care to ensure that the facts stated in this presentation are accurate and that the opinions contained in it are fair and reasonable, this presentation is selective in nature. Any opinions expressed in this presentation are subject to change without notice and neither the Company nor any other person is under any obligation to update or keep current the information contained in this presentation. Where this presentation quotes any information or statistics from any external source, you should not interpret that the Company has adopted or endorsed such information or statistics as being accurate. This presentation contains forward-looking statements, which involve risks, uncertainties and assumptions that could cause actual results, performance or events to differ materially from those described in, or expressed or implied by, such statements. These statements reflect the Company's current knowledge and its expectations and projections about future events and may be identified by the context of such statements or words such as "anticipate," "believe", "estimate", "expect", "intend", "plan", "project" and "target". No obligation is assumed to update any such statement.

Numbers were rounded to one decimal. Due to rounding, numbers presented may not add up precisely to the totals provided.

We confirm the FY2025 preliminary results released on November 10, 2025.

Revenue and earnings development in FY2025 strongly affected by the current market environment, the global tariff conflict, the unfavorable product mix and the higher pricing pressure in the automotive business as well as the weak US dollar.

Revenue in FY2025 on the prior year's level of around €1.3bn.

Adj. EBIT1 margin in FY2025 at 11.0%, -1pp y/y.

Net leverage ratio as of end September 2025 stable at 2.96.

The transformation program to boost long-term competitiveness is well on track. It will streamline the organizational structure, reduce personnel and operating costs and optimize the production footprint.

Born 1972, Swiss citizen

Professional background

Since Nov 2025: Stabilus Group, CFO

2021-2025: Forbo Group, CFO, Interim CEO 2016-2021: Geberit Group, Head of Corporate

Controlling

2006-2016: Holcim Group, various finance functions,

CFO of Holcim Ecuador S.A.

Before 2006: PricewaterhouseCoopers, IBM

Business Consulting Services

Professional education

Bachelor of Business Administration Swiss Certified Public Accountant Executive Master in European and International Law

SHIFTING INTO A HIGHER GEAR ON THE WAY TO OUR PROFITABILITY TARGETS

Organizational transformation: adjustments to the organizational structure, reduction of hierarchical layers, alignment of processes to foster stronger customer focus and faster decision-making

Location-related measures: consolidation of office and production facilities (e.g., consolidation of our facilities in Germany, the USA, Singapore and Thailand)

Personnel-related measures: workforce reduction by around 450 employees (c. 6% of global workforce), predominantly in EMEA and Americas

Strong commitment to STAR 2030 targets, particularly to delivering an adj. EBIT margin of 15%.

• c. €18m one-off expenses, predominantly related to severance payments, consolidation of office and production facilities, and other restructuring costs
• › expenses/provision recognized in FY2025

• › cash outflow will be largely in FY2026

• c. €19m cost savings in FY2027

• c. €32m recurring annual cost savings from FY2028 onwards

A NEW PRODUCT DEVELOPMENT: A NEW E-GRIPPER SERIES

ELECTRIC SMART 3-JAW GRIPPER

New product development in the Industrial Automation business unit:

A new electric smart 3-jaw gripper with integrated controls and sensors.

Electric "plug and play" gripper - easy to handle and to program.

Life cycle testing and certification ongoing.

Market introduction of the new product in 3 different sizes planned for Q2 FY26.

Target market: automation equipment and robotics for industrial sectors.

STABILUS

Leveraging Our Combined Strengths:

Unparalleled expertise in motion control

Strong industrial brand portfolio

Multi-industry focus

European stronghold

Secure positioning & handling

World-class automation & clamping solutions

Decades of innovating automation

Strong market position & U.S heritage

STABILUS 4 AUTOMATION

STABILUS GROUP IN Q4 FY2025

REVENUE AND EARNINGS IMPACTED BY CURRENT MARKET ENVIRONMENT

Revenue 6.0% y/y

• › Organic -2.2%, M&A 0.0%, FX -3.8% y/y
• › Lower revenues in Automotive, EC1 and IMA, partly offset by growth in DIAMEC, HRF, AMR and CV

REVENUE (€M) ADJ. EBIT (€M) PROFIT (€M) ADJ. FCF (€M)

Adj. EBIT margin 1.7pp y/y

• › Organic -15.3%, M&A +0.0%, FX -3.6%
• › Incurred integration cost €0.0m (PY: €1.8m)

Profit margin 8.8pp y/y

• › Provision / expenses for transformation of €17.6m
• › Higher finance costs (interest expenses and net fx losses)

Adj. FCF % revenue 2.3pp y/y

• › Adjustments to FCF €2.3m (PY €2.3m)
• › Higher cash flow from operations by €2.5m y/y, lower capex by €1.2m y/y

REVENUE AND EARNINGS IMPACTED BY CURRENT MARKET ENVIRONMENT

REVENUE (€M) ADJ. EBIT (€M) PROFIT (€M) ADJ. FCF (€M)

Adj. EBIT margin 1.0pp y/y

• › Organic -17.7%, M&A +10.9%, FX -2.4%
• › Destaco cost synergies €1.2m
• › Incurred integration cost €1.5m (PY: €3.8m)

Profit margin 3.6pp y/y

• › Provision / expenses for transformation of €17.6m
• › Higher finance costs (interest expenses and net fx losses)

Adj. FCF % revenue 1.0pp y/y

• › Adjustments to FCF €8.7m (PY €653.2m)
• › Higher capex by €5.6m y/y

¹ See list of acronyms in appendix.

Revenue 0.8% y/y

FX -3.2% y/y

€8.2m

› Organic -4.6%, M&A +7.0%,

› All market segments are negatively affected; higher revenues only in DIAMEC1 and IMA y/y; Destaco sales synergies

BUSINESS DEVELOPMENT BY REGION IN Q4 FY25

Revenue in APAC impacted by pricing pressure in Automotive. Adj. EBIT margin affected by the harmonization of transfer pricing policy (Destaco integration).

BUSINESS DEVELOPMENT BY REGION IN FY2025

Twelve months of Destaco results included in FY2025 (vs. six months in FY2024). APAC revenue impacted by higher pricing pressure in Automotive.

AMERICAS: HIGHER REVENUES DRIVEN BY ACQUISITION, IMPACTED BY UNCERTAINTY AND WEAK USD

REVENUE (€M)

Revenue 2.5% y/y

• › Organic -2.1%, M&A +11.6%, FX -7.0%
• › Lower revenues in Automotive, CV1 and EC, partially offset by growth in DIAMEC, HRF, AMR and IMA
• › 12 months Destaco results included in FY25 vs. 6 months in FY24

• › Significant negative impact from weak ADJ. EBIT (€M) US dollar (-7.0% y/y)

• › Organic -36.7%, M&A +21.2%, FX -5.0%

• › Margin negatively affected by harmonization of the transfer pricing policy, following the consolidation of Destaco (- €7.9m)

EMEA: REVENUE INCREASE DRIVEN BY ACQUISITION

REVENUE (€M)

ADJ. EBIT (€M)

Revenue 3.2% y/y

• › Organic -1.4%, M&A +5.0%, FX -0.4%
• › Lower revenues in all market segments except in IMA1 and DIAMEC
• › 12 months Destaco results included in FY25 vs. 6 months in FY24

Adj. EBIT margin 1.8pp y/y

• › Organic +12.0%, M&A +9.1%, FX -0.5%
• › Margin positively affected by harmonization of the transfer pricing policy, following the consolidation of Destaco (+ €9.6m)

APAC: RESULTS IMPACTED BY U.S. TARIFF POLICY AND PRICING PRESSURE IN AUTOMOTIVE

REVENUE (€M)

ADJ. EBIT (€M)

Revenue 12.4% y/y

• › Organic -13.6%, M&A +3.5%, FX -2.3%
• › Lower revenues in Automotive, AMR1 and EC, partially offset by growth in CV and IMA; DIAMEC and EC revenues at prior-year level

Adj. EBIT margin 3.4pp y/y

• › Organic -31.2%, M&A +3.7%, FX -1.8%
• › Strong pricing pressure in Automotive
• › Margin negatively affected by harmonization of the transfer pricing policy, following the consolidation of Destaco (- €1.7m)

BUSINESS DEVELOPMENT BY MARKET SEGMENT IN Q4 FY25

Despite the challenging market environment, DIAMEC, CV and AMR grew in Q4 FY25.

BUSINESS DEVELOPMENT BY MARKET SEGMENT IN FY2025

Despite the challenging market environment, IMA and DIAMEC grew in FY2025.

• › Our goal is to reduce net leverage ratio below 2.0 within the next three years.
• › Our mid-term target leverage ratio is 1.0.

Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25

• › NWC/revenue ratio substantially improved by 1.4pp q/q to 17.9% as of end FY2025.
• › A new ABS factoring program was introduced in August 2025 to optimize working capital.
• › Receivables sold under the factoring program as of end Sept 2025: €25.8m (PY: €11.9m).

INVESTMENT FOCUS ON INNOVATIVE NEW PRODUCTS

• › Important investment projects:
• › radar technology,
• › smart door actuation,
• › electric grippers,
• › automation of production facilities.

MAJOR FOCUS ON R&D AND GROWTH

• › The €88.5m capex in FY2025 comprises:
• › €30.8m capitalized R&D (35% of total capex; c. 2.4% of group revenue),
• › €30.1m growth capex (34% of total capex; c. 2.3% of group revenue),
• › €14.1m maintenance capex (16% of total capex; c. 1.1% of group revenue),
• › €13.5m optimization capex (15% of total capex; c. 1.0% of group revenue).

	FY2025 Actual	FY2026 Forecast
Revenue	€1,296.1m	€1.1bn - €1.3bn
Adj. EBIT margin	11.0%	10% - 12%
Adj. FCF	€119.0m	€80m - €110m

› The forecast range reflects difficult market conditions, macroeconomic and geopolitical uncertainties.

KEY ASSUMPTIONS FOR FY2026 OUTLOOK

ASSUMPTIONS FOR THE MID-POINT OF THE FORECAST RANGE

GDP1 GROWTH

› c. +3% y/y in CY2025 and CY2026

LVP1 GROWTH

› LVP of c. 91m in FY2026

COST INFLATION

• › material cost (average price for metals, plastics, energy) expected to slightly decrease in FY2026
• › labor cost inflation of c. 6% y/y in FY2026

MAJOR FX RATES

› 1.20 USD/EUR › 8.50 CNY/EUR

FORECAST BY OPERATING SEGMENT (REGION)

EMEA

STABILUS GROUP

	FY2025 Actual	FY2026 Forecast
Revenue	€1,296.1m	€1.1bn - €1.3b (-15.1% - +0.3%)
Adj. EBIT margin	11.0%	10.0% - 12.0%

3bn %)

AMERICAS
FY2025 Actual	FY2026 Forecast
€480.9m	€400m - €460m (-16.8%4.3%)
7.9%	9.0% - 11.0%

FY2025 Actual FY2026 Forecast €542.2m €500m - €570m (-7.8% - +5.1%)

ASIA-PACIFIC
FY2025 Actual	FY2026 Forecast
€273.0m	€200m - €270m (-26.8%1.1%)
14.1%	12.0% - 14.5%

ASSUMPTIONS (FOR MID-POINT OF FORECAST RANGE):

• GPD¹ growth in USA c. 2%, in the Euro area c. 1.5%, in China c. 4% in CY2026

• Lower LVP in all three regions y/y: Americas (-2%), EMEA (-2%), APAC (-3%)

• High labor cost inflation in Romania and Mexico

• High price pressure in the automotive business in China

FURTHER PARAMETER EXPECTATIONS FOR FY2026

HOUSEKEEPING ITEMS

PPA D&A1

• › c. €30m in FY2026 (thereof c. €16m Destaco PPA D&A)
• › gradually reducing to c. €28m in FY2029 (thereof c. €16m Destaco PPA D&A)

CAPEX1

› c. €60m machine capex (investments in PPE)

TRANSFORMATION PROGRAM

• › c. €18m one-off cash out in FY2026
• › c. €19m cost savings in FY2027, c. €32m recurring annual cost savings from FY2028 onwards

NWC1

› 17% - 20% of LTM revenue

GROUP TAX RATE

› 25% - 30%

DIVIDEND POLICY

› payout of 20% to 40% of consolidated net profit attributable to Stabilus shareholders, subject to market conditions, our growth and deleveraging plans

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The FY2025 revenue and earnings development was significantly impacted by the current market environment and the US tariff policy.

To the 2026 AGM we will propose a dividend of €0.35 per share (a total dividend of €8.6m and distribution ratio of c. 37% of group net income).

Given the geopolitical and macroeconomic uncertainties, we expect FY2026 to be challenging and forecast for this fiscal year group revenues of €1.1bn - €1.3bn, adj. EBIT margin of 10% -12% and adj. FCF of €80m - €110m.

Despite the headwinds, we continue to pursue our long-term strategy STAR 2030, focusing on profitable and sustainable growth, customer and employee satisfaction, innovation and sustainability.

Q&A SESSION

APPENDIX

REVENUE AND ADJUSTED EBIT MARGIN BY QUARTER

REVENUE

THREE MONTHS ENDED SEPTEMBER 30, 2025

REVENUE (€M)

	Q4 FY2024 Actual	Q4 FY2025 Actual	Change	% change	Acquisition effect	Currency effect	Organic growth
Automotive Gas Spring	29.3	25.6	(3.7)	(12.6)%	0.0%	0.0%	(12.6)%
Automotive Powerise	25.5	29.0	3.5	13.7%	0.0%	(2.1)%	15.8%
Industrial Components	60.6	66.6	6.0	9.9%	0.0%	(1.0)%	10.9%
Industrial Automation (Destaco)	13.3	11.6	(1.7)	(12.8)%	0.0%	(0.2)%	(12.6)%
EMEA	128.7	132.8	4.1	3.2%	0.0%	(0.9)%	4.1%
Automotive Gas Spring	29.4	27.4	(2.0)	(6.8)%	0.0%	(5.0)%	(1.8)%
Automotive Powerise	37.4	36.4	(1.0)	(2.7)%	0.0%	(4.1)%	1.4%
Industrial Components	34.1	31.0	(3.1)	(9.1)%	0.0%	(6.9)%	(2.2)%
Industrial Automation (Destaco)	25.8	27.9	2.1	8.1%	0.0%	(6.7)%	14.8%
AMERICAS	126.7	122.7	(4.0)	(3.2)%	0.0%	(5.6)%	2.4%
Automotive Gas Spring	25.2	21.7	(3.5)	(13.9)%	0.0%	(6.2)%	(7.7)%
Automotive Powerise	41.8	29.0	(12.8)	(30.6)%	0.0%	(5.2)%	(25.4)%
Industrial Components	6.3	6.5	0.2	3.2%	0.0%	(6.8)%	10.0%
Industrial Automation (Destaco)	7.5	3.4	(4.1)	(54.7)%	0.0%	(3.4)%	(51.3)%
APAC	80.8	60.6	(20.2)	(25.0)%	0.0%	(5.5)%	(19.5)%
Total Automotive Gas Spring (AGS)	83.9	74.7	(9.2)	(11.0)%	0.0%	(3.6)%	(7.4)%
Total Automotive Powerise (APR)	104.7	94.4	(10.3)	(9.8)%	0.0%	(4.1)%	(5.7)%
Total Industrial Components (IC)	101.0	104.1	3.1	3.1%	0.0%	(3.3)%	6.4%
Total Industrial Automation (Destaco)	46.6	42.9	(3.7)	(7.9)%	0.0%	(4.3)%	(3.6)%
Total	336.3	316.1	(20.2)	(6.0)%	0.0%	(3.8)%	(2.2)%

REVENUE

YEAR ENDED SEPTEMBER 30, 2025

REVENUE (€M)

	FY2024	FY2025	Change	% change	Acquisition effect	Currency effect	Organic growth
	Actual	Actual
Automotive Gas Spring	124.5	117.7	(6.8)	(5.5)%	0.0%	0.0%	(5.5)%
Automotive Powerise	111.5	112.6	1.1	1.0%	0.0%	(0.8)%	1.8%
Industrial Components	261.5	261.9	0.4	0.2%	0.0%	(0.5)%	0.7%
Industrial Automation (Destaco)	27.9	50.0	22.1	79.2%	94.3%	0.2%	(15.3)%
EMEA	525.5	542.2	16.7	3.2%	5.0%	(0.4)%	(1.4)%
Automotive Gas Spring	118.8	108.1	(10.7)	(9.0)%	0.0%	(6.3)%	(2.7)%
Automotive Powerise	161.1	138.1	(23.0)	(14.3)%	0.0%	(11.1)%	(3.2)%
Industrial Components	136.4	126.8	(9.6)	(7.0)%	0.0%	(4.0)%	(3.0)%
Industrial Automation (Destaco)	52.7	107.9	55.2	104.7%	103.2%	(4.0)%	5.5%
AMERICAS	469.0	480.9	11.9	2.5%	11.6%	(7.0)%	(2.1)%
Automotive Gas Spring	106.2	96.6	(9.6)	(9.0)%	0.0%	(2.4)%	(6.6)%
Automotive Powerise	166.2	133.7	(32.5)	(19.6)%	0.0%	(2.2)%	(17.4)%
Industrial Components	24.3	25.0	0.7	2.9%	0.0%	(2.8)%	5.7%
Industrial Automation (Destaco)	14.8	17.7	2.9	19.6%	74.3%	(2.1)%	(52.6)%
APAC	311.5	273.0	(38.5)	(12.4)%	3.5%	(2.3)%	(13.6)%
Total Automotive Gas Spring (AGS)	349.5	322.4	(27.1)	(7.8)%	0.0%	(2.9)%	(4.9)%
Total Automotive Powerise (APR)	438.8	384.4	(54.4)	(12.4)%	0.0%	(5.1)%	(7.3)%
Total Industrial Components (IC)	422.2	413.7	(8.5)	(2.0)%	0.0%	(1.8)%	(0.2)%
Total Industrial Automation (Destaco)	95.4	175.6	80.2	84.1%	96.1%	(2.5)%	(9.5)%
Total	1,305.9	1,296.1	(9.8)	(0.8)%	7.0%	(3.2)%	(4.6)%

ADJUSTED EBIT

THREE AND TWELVE MONTHS ENDED SEPTEMBER 30, 2025

ADJUSTED EBIT (€M)

	Q4 FY2024 Actual	Q4 FY2025 Actual	Change	% change	Acquisition effect	Currency effect	Organic change
EMEA	10.7	23.6	12.9	120.6%	0.0%	(1.9)%	122.5%
AMERICAS	15.9	3.7	(12.2)	(76.7)%	0.0%	(3.8)%	(72.9)%
APAC	15.3	6.7	(8.6)	(56.2)%	0.0%	(4.6)%	(51.6)%
Total	41.9	34.0	(7.9)	(18.9)%	0.0%	(3.6)%	(15.3)%

	FY2024 Actual	FY2025 Actual	Change	% change	Acquisition effect	Currency effect	Organic change
EMEA	54.8	66.1	11.3	20.6%	9.1%	(0.5)%	12.0%
AMERICAS	47.7	37.9	(9.8)	(20.5)%	21.2%	(5.0)%	(36.7)%
APAC	54.6	38.6	(16.0)	(29.3)%	3.7%	(1.8)%	(31.2)%
Total	157.1	142.6	(14.5)	(9.2)%	10.9%	(2.4)%	(17.7)%

P&L AND ADJUSTED EBIT

THREE MONTHS ENDED SEPTEMBER 30, 2025

	Q4 FY2024 Actual	Q4 FY2025 Actual	Change	% change
Revenue	336.3	316.2	(20.1)	(6.0)%
Cost of sales	(245.8)	(232.4)	13.4	(5.5)%
Gross Profit	90.5	83.8	(6.7)	(7.4)%
% margin	26.9%	26.5%
R&D expenses	(8.4)	(9.1)	(0.7)	8.3%
Selling expenses	(40.3)	(33.3)	7.0	(17.4)%
Administrative expenses	(20.0)	(16.1)	3.9	(19.5)%
Other income/expenses	1.2	(19.8)	(21.0)	<(100.0)%
EBIT	22.9	5.5	(17.4)	(76.0)%
% margin	6.8%	1.7%
Finance income/costs	0.2	(13.8)	(14.0)	<(100.0)%
EBT	23.1	(8.3)	(31.4)	<(100.0)%
% margin	6.9%	(2.6)%
Income tax	(5.5)	(3.1)	2.4	(43.6)%
Profit	17.5	(11.4)	(28.9)	<(100.0)%
% margin	5.2%	(3.6)%
EPS in €	0.70	(0.46)	(1.16)	<(100.0)%

P&L (€M) ADJUSTED EBIT (€M)

	Q4 FY2024 Actual	Q4 FY2025 Actual	Change	% change
EBIT	22.9	5.5	(17.4)	(76.0)%
PPA adj D&A	18.2	7.6	(10.6)	(58.2)%
Reorganization	-	2.0	2.0	n/a
Advisory costs	0.8	-	(0.8)	(100.0)%
PPA adjustments	-	-	-	n/a
Environmental protection	-	1.4	1.4	n/a
Restructuring	-	17.6	17.6	n/a
Total adjustments	19.0	28.5	9.5	50.0%
Adjusted EBIT	41.9	34.0	(7.9)	(18.9)%
% margin	12.5%	10.8%

P&L AND ADJUSTED EBIT

YEAR ENDED SEPTEMBER 30, 2025

	FY2024 Actual	FY2025 Actual	Change	% change
Revenue	1,305.9	1,296.1	(9.8)	(0.8)%
Cost of sales	(963.6)	(943.9)	19.7	(2.0)%
Gross Profit	342.3	352.2	9.9	2.9%
% margin	26.2%	27.2%
R&D expenses	(34.4)	(38.9)	(4.5)	13.1%
Selling expenses	(126.2)	(136.2)	(10.0)	7.9%
Administrative expenses	(77.7)	(76.4)	1.3	(1.7)%
Other income/expenses	9.3	(16.4)	(25.7)	<(100.0)%
EBIT	113.3	84.3	(29.0)	(25.6)%
% margin	8.7%	6.5%
Finance income/costs	(13.0)	(43.2)	(30.2)	>100.0%
EBT	100.4	41.1	(59.3)	(59.1)%
% margin	7.7%	3.2%
Income tax	(28.3)	(16.9)	11.4	(40.3)%
Profit	72.0	24.2	(47.8)	(66.4)%
% margin	5.5%	1.9%
EPS in €	2.84	0.93	(1.91)	(67.3)%

P&L (€M) ADJUSTED EBIT (€M)

	FY2024 Actual	FY2025 Actual	Change	% change
EBIT	113.3	84.3	(29.0)	(25.6)%
PPA adj D&A	30.3	33.3	2.9	9.8%
Reorganization	-	5.0	5.0	n/a
Advisory costs	14.2	1.1	(13.1)	(92.3)%
PPA adjustments	(0.7)	-	0.7	(100.0)%
Environmental protection	-	1.4	1.4	n/a
Restructuring	-	17.6	17.6	n/a
Total adjustments	43.8	58.3	14.5	33.1%
Adjusted EBIT	157.1	142.6	(14.5)	(9.2)%
% margin	12.0%	11.0%

BALANCE SHEET

SEPTEMBER 30, 2025

BALANCE SHEET (€M)

	Sept 2024 Actual	Sept 2025 Actual	Change	% change
Property, plant and equipm.	300.3	303.9	3.6	1.2%
Goodwill	540.0	526.6	(13.4)	(2.5)%
Other intangible assets	477.9	450.4	(27.5)	(5.8)%
Other investments	6.0	6.0	-	0.0%
Inventories	223.6	204.4	(19.2)	(8.6)%
Trade receivables	203.4	176.1	(27.3)	(13.4)%
Other assets	50.3	50.5	0.2	0.4%
Cash	109.4	162.6	53.2	48.6%
Total assets	1,910.9	1,880.5	(30.4)	(1.6)%
Equity incl. minorities	677.7	635.8	(41.9)	(6.2)%
Debt (incl. accrued interest)	777.8	794.4	16.6	2.1%
Pension plans	47.3	44.9	(2.4)	(5.1)%
Deferred tax liabilities	64.2	60.0	(4.2)	(6.5)%
Trade payables	159.7	149.0	(10.7)	(6.7)%
Other liabilities	184.2	196.4	12.2	6.6%
Total equity and liabilities	1,910.9	1,880.5	(30.4)	(1.6)%

CASH FLOW

THREE MONTHS ENDED SEPTEMBER 30, 2025

CASH FLOW STATEMENT (€M)

	Q4 FY2024 Actual	Q4 FY2025 Actual	Change	% change
Cash flow from operating activities	74.7	77.2	2.5	3.3%
Cash flow from investing activities	(22.0)	(20.8)	1.2	(5.5)%
Cash flow from financing activities	(80.7)	(19.5)	61.2	(75.8)%
Net increase / (decrease) in cash	(28.0)	36.8	64.8	<(100.0)%
Effect of movements in exchange rates	(1.8)	(0.4)	1.4	(77.8)%
Cash as of beginning of the period	139.4	126.2	(13.2)	(9.5)%
Cash as of end of the period	109.4	162.6	53.2	48.6%

ADJ. FCF (€M)

	Q4 FY2024 Actual	Q4 FY2025 Actual	Change	% change
Cash flow from operating activities	74.7	77.2	2.5	3.3%
Cash flow from investing activities	(22.0)	(20.8)	1.2	(5.5)%
Free cash flow	52.7	56.4	3.7	7.0%
Adjustments	2.3	2.3	-	0.0%
Adj. FCF	54.9	58.7	3.7	6.9%

CASH FLOW

YEAR ENDED SEPTEMBER 30, 2025

CASH FLOW STATEMENT (€M)

	FY2024 Actual	FY2025 Actual	Change	% change
Cash flow from operating activities	197.0	196.5	(0.5)	(0.3)%
Cash flow from investing activities	(717.4)	(86.2)	631.2	(88.0)%
Cash flow from financing activities	440.7	(52.3)	(493.0)	<(100.0)%
Net increase / (decrease) in cash	(79.7)	57.9	137.6	<(100.0)%
Effect of movements in exchange rates	(3.9)	(4.8)	(0.9)	23.1%
Cash as of beginning of the period	193.1	109.4	(83.7)	(43.3)%
Cash as of end of the period	109.4	162.6	53.2	48.6%

ADJ. FCF (€M)

	FY2024 Actual	FY2025 Actual	Change	% change
Cash flow from operating activities	197.0	196.5	(0.5)	(0.3)%
Cash flow from investing activities	(717.4)	(86.2)	631.2	(88.0)%
Free cash flow	(520.4)	110.3	630.7	<(100.0)%
Adjustments	653.2	8.7	(644.5)	(98.7)%
Adj. FCF	132.8	119.0	(13.8)	(10.4)%

LVP DEVELOPMENT / FORECAST

STABILUS

QUARTERLY VIEW: Q1 FY25 - Q4 FY26

LVP DEVELOPMENT / FORECAST

YEARLY VIEW: FY2024 – FY2026

ACRONYMS AND ABBREVIATIONS

Adj.	Adjusted	FX	Foreign exchange, currency effect
AGS	Automotive Gas Spring	FY	Fiscal year
AMR	Aerospace, Marine & Rail	GDP	Gross domestic product
APAC	Asia-Pacific	HRF	Health, Recreation & Furniture
APR	Automotive Powerise	IMA	Industrial Machinery & Automation
bp	Basis point	LTM	Last twelve months
CAPEX	Capital expenditure	LVP	Light vehicle production
CV	Commercial Vehicles	M&A	Mergers & Acquisitions, acquisition effect
CY	Calendar year	NLR	Net leverage ratio
D&A	Depreciation and amortization	NWC	Net working capital
DIAMEC	Distributors, Independent Aftermarket, E-commerce	pp	Percentage point
EMEA	Europe, Middle East & Africa	PPA	Purchase price allocation
EBIT	Earnings before interest and taxes	PPE	Property, plant and equipment
EBITDA	Earnings before interest, taxes, depreciation and amortization	Prelim	Preliminary
EBT	Earnings before taxes	PY	Prior year
EC	Energy & Construction	q/q	Quarter-on-quarter
FCF	Free cash flow	y/y	Year-on-year

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