Jungheinrich AG

Interim / Quarterly Report • Nov 18, 2025

{0}------------------------------------------------

KEY FIGURES AT A GLANCE

Jungheinrich Group		Q3 2025	Q3 2024	Change %	Q1–Q3 2025	Q1–Q3 2024	Change %	Year 2024
Incoming orders	€ million	1,334	1,266	5.4	4,077	3,931	3.7	5,311
Orders on hand 30 Sep/31 Dec	€ million	–	–	–	1,483	1,497	–0.9	1,421
Revenue	€ million	1,352	1,301	3.9	4,008	3,923	2.2	5,392
Earnings before interest and income taxes (EBIT)	€ million	–50.2	105.7	<–100	160.3	320.2	–49.9	434
EBIT return on sales (EBIT ROS)	%	–3.7	8.1	–	4.0	8.2	–	8.1
Earnings before taxes (EBT)	€ million	–56.9	100.0	<–100	138.9	301.6	–53.9	404
EBT return on sales (EBT ROS)	%	–4.2	7.7	–	3.5	7.7	–	7.5
Profit or loss	€ million	–65.0	71.0	<–100	74.0	214.1	–65.4	289
Earnings per preferred share	€	–0.63	0.70	<–100	0.74	2.11	–64.9	2.84
Employees 30 Sep/31 Dec	FTE1	–	–	–	21,325	20,841	2.3	20,922

FTE = full-time equivalents.

{1}------------------------------------------------

BUSINESS TREND, EARNINGS AND FINANCIAL POSITION

Incoming orders and orders on hand

Incoming orders for all business fields – new business ¹ , short-term rental and used equipment, as well as after-sales services – came to €4,077 million in the reporting period, which is 3.7 per cent above the previous year's figure of €3,931 million. New business and after-sales services in particular contributed to this development. Orders on hand in new business amounted to €1,483 million as of 30 September 2025, remaining on a par with the previous year's figure (€1,497 million). In comparison with the orders on hand of €1,421 million at the end of 2024, an increase of €62 million or 4.4 per cent was recorded.

Revenue

Positive developments in new business and in after-sales services contributed to Group revenue of €4,008 million (previous year: €3,923 million).

Breakdown of revenue

in € million	Q1–Q3 2025	Q1–Q3 2024	Change %
"Intralogistics" segment	4,065	3,963	2.6
"Financial Services" segment	1,075	1,033	4.1
Consolidation	–1,132	–1,072	5.6
Jungheinrich Group	4,008	3,923	2.2

Table contains rounding differences.

Earnings and financial position

Earnings before interest and income taxes (EBIT) amounted to €160.3 million in the first nine months of the year (previous year: €320.2 million). The result was affected by planned negative effects in the third quarter of 2025, which led to a quarterly EBIT of €–50.2 million. These included expenses for the transformation programme amounting to €60 million, a loss from the disposal of capitalised development expenditure for technology that was discontinued in the amount of €18 million, and an impairment amounting to €85 million resulting from the signing of the contract for the sale of the Russian subsidiary. In addition, EBIT included effects from purchase price allocations and variable remuneration in the amount of €11 million (previous year: €15 million) resulting from acquisitions in 2023. At 4.0 per cent, EBIT return on sales was noticeably lower than the previous year's figure (8.2 per cent).

The financial result amounted to €–21.4 million (previous year: €–18.6 million) and was mainly influenced by a lower interest result. At €138.9 million, earnings before taxes (EBT) were down by 53.9 per cent year on year (€301.6 million). EBT return on sales amounted to 3.5 per cent (previous year: 7.7 per cent).

Profit or loss amounted to €74.0 million (previous year: €214.1 million). Earnings per preferred share were €0.74 (previous year: €2.11).

Net credit stood at €39 million as of 30 September 2025, up from the figure at the end of 2024 (net credit of €22 million). Free cash flow from January to September decreased to €151 million (previous year: €314 million).

New business consists of new manual material handling equipment, automated material handling equipment and facilities (including stacker cranes and load handling equipment), warehouse equipment, factory and office equipment, energy solutions and digital products.

{2}------------------------------------------------

EMPLOYEES

As of 30 September 2025, Jungheinrich employed a total of 21,325 people on a full-time basis throughout the Group (previous year: 20,841). The change was mainly due to the expansion of the Business Service Centers and production at the Chomutov plant. In addition, 425 temporary workers were employed throughout the Jungheinrich Group as at the reporting date (previous year: 450).

FORECAST CHANGE REPORT

We have made no changes to the forecast for the 2025 financial year published on 21 July 2025 and confirmed in the interim report as of 30 June 2025. Our assumptions regarding the expected development of the company have not changed materially since the publication of the last report.

Disclaimer

The explanations above are partially forward-looking statements that are based on the company management's current expectations, assumptions and assessments for future developments. Such statements are subject to risks and uncertainty that are largely beyond the company's control. This includes changes in the overall economic situation – such as impacts from geopolitical conflicts, natural catastrophes, pandemics and similar force majeure events –, debt issues, within the material handling sector, in materials supply, the availability and price development of energy and raw materials, demand in important markets, developments in competition and regulatory frameworks and regulations, exchange and interest rates and the outcome of pending or future legal proceedings. Should these or other uncertainties or unknown factors apply or the assumptions on which these statements are based prove false, actual results may deviate significantly from the results stated or implied. No responsibility is therefore taken for forward-looking statements. Without prejudice to existing capital market obligations, there is no intention to accept any obligation to update forward-looking statements.

Hamburg, 12 November 2025

Jungheinrich Aktiengesellschaft The Board of Management

Jungheinrich AG I Interim statement as of 30 September 2025 Page 3 I 4

{3}------------------------------------------------

FINANCIAL CALENDAR

27 March 2026

Balance sheet press conference

27 March 2026

Analyst conference

7 May 2026

Interim statement as of 31 March 2026

19 May 2026

Annual General Meeting 2026

22 May 2026

Dividend payment

11 August 2026

Interim report as of 30 June 2026

10 November 2026

Interim statement as of 30 September 2026

LEGAL NOTICE

Jungheinrich Aktiengesellschaft

Friedrich-Ebert-Damm 129 22047 Hamburg (Germany)

Phone: +49 40 6948-0 Fax: +49 40 6948-1777 info@jungheinrich.com

www.jungheinrich.com

Securities identification numbers

ISIN DE0006219934, WKN 621993