Paris,
July 24, 2025 at 7:00 am (CET)




Solid half-year results and confirmation of 2025 outlook

Significant +11% increase in operating margind)
driven by accelerating cost reduction measures

Increased free cash flowg) to €165 million

Continued deleveraging of the Group


LFL
In € million H1 2024 H1 2025 Change
changec)
Economic revenuea) 5,939 5,960 +0.4% +1.6%
Joint ventures 526 628 +19.4% +24.7%
Consolidated revenueb) 5,413 5,332 -1.5% -0.6%
Operating margind) 234 260 +11.1%
(as a % of consolidated revenue) 4.3% 4.9% +0.6pts

Net result Group share 100 90 -10.1%
Investmentsf) 258 226 -12.6%
(as a % of consolidated revenue) 4.8% 4.2%
Free cash flowg) 157 165 +5.0%

Net debth) 1,491 1,459 -2.2%
Gearingi) 73% 71% -2pts



• H1 2025 economic revenuea) of €5,960 million, up +0.4% (+1.6% LFLc)). Tariff
impacts on production volumes remain relatively limited for the Group at this
stage, thanks to its locations in close proximity to its customers’ sites.

• Operating margind) of €260 million, up significantly by
+€26 million, or +11.1% on H1 2024, with the Group able to adapt rapidly by
intensifying cost savings measures implemented from the second quarter
onwards. The operating margin rate therefore increased significantly to 4.9%,
up +0.6 points on H1 2024, demonstrating the Group’s ability to build on its
historical activities while preparing for the future.




1
• Solid net result Group share of €90 million in H1 2025, compared to €100 million
in H1 2024. This includes an increase in non-current items, particularly related to
the Group's transformation to improve its competitiveness.

• Strong free cash flowg) generation of €165 million in H1 2025, up +€8 million year-
on-year, thanks to the improved operating margin and controlled investments.

• Significant reduction in net debth) to €1,459 million at June 30, 2025, down
-€118 million on December 31, 2024, with leverage of 1.5x EBITDA. Decrease in
gearingi) to 71% at June 30, 2025, compared to 73% at June 30, 2024.



Outlook

• With annual production volume forecasts remaining uncertain in the current
context, OPmobility continues to build on its strengths: local industrial presence
with 150 plants in 28 countries, and operational and commercial proximity to
customers. The Group is also pursuing its cost savings measures, intensifying
them from Q2 2025 onwards across all its activities, while controlling its
investments.

• With its solid H1 2025 results, achieved by rapidly adapting to the volatile
environment, OPmobility is confident in confirming its 2025 outlook. The Group
aims to improve its financial aggregates (operating margind), net result Group
share and free cash flowg)) compared to 2024, while continuing to reduce its
net debth).




2
Laurent Favre, Chief Executive Officer of OPmobility, said:

"OPmobility achieved solid earnings in the first half of the year, in a context marked by
major changes impacting the mobility sector. The Group successfully combined
organic revenue growth, a significant increase in operating margin, free cash flow
growth, and continued debt reduction.

This performance reflects, on the one hand, the strength of our business model and the
relevance of our strategy based on diversification – whether technologies, customers,
or geographies – and, on the other hand, our adaptability. In a complex and changing
environment, OPmobility has once again demonstrated strong agility. At Group level,
cost-saving measures have been reinforced across activities, subsidiaries, on sites and
geographies, particularly in order to continue improving our competitiveness;
operationally, in all the regions where we operate, the teams have once again
demonstrated the strength of our local commitment towards all our customers and all
forms of mobility.

Leveraging on this strong start of the year and based on current market forecasts that
include the challenges the mobility industry is facing, OPmobility confirms all its targets
for 2025."




3
Strong 2025 half-year results

The OPmobility SE Board of Directors, chaired by Mr. Laurent Burelle, met on July 23,
2025, and approved the consolidated financial statements for the half-year ended
June 30, 2025.

The statutory auditors have conducted a limited review of the financial statements.

Figures communicated are presented using the following segment reportingj) format:
- Exterior & Lighting, which includes exterior systems and lighting activities;
- Modules, which comprises module design, development and assembly;
- Powertrain, which brings together the C-Power (energy and emission reduction
systems, batteries and electrification systems) and H2-Power (hydrogen activity)
business groups.



In € million LFL
H1 2024 H1 2025 Change
By segmentj) changec)

Exterior & Lighting 2,848 2,762 -3.0% -2.0%
Modules 1,723 1,865 +8.3% +9.4%
Powertrain 1,368 1,333 -2.6% -0.7%
Economic revenuea) 5,939 5,960 +0.4% +1.6%
Joint ventures 526 628 +19.4% +24.7%
Exterior & Lighting 2,515 2,389 -5.0% -4.3%
Modules 1,532 1,615 +5.4% +5.8%
Powertrain 1,366 1,329 -2.7% -0.9%
Consolidated
5,413 5,332 -1.5% -0.6%
revenueb)



OPmobility economic revenuea) totaled €5,960 million in H1 2025, up +0.4%, and
+1.6%c) like-for-like, compared to H1 2024, driven by good Modules performance.

The joint ventures, mainly YFPO exterior systems manufacturing in China and SHB
module assembly in South Korea, reported like-for-like growth of +24.7%c) in H1 2025.

• Exterior & Lighting: economic revenuea) decreased by -2.0% like-for-likec)
compared to H1 2024. On the one hand, Exterior posted slight revenue growth
benefiting from major production launches last year. On the other hand,
Lighting revenue is down year-on-year in line with the weak order book prior to
its acquisition by OPmobility.



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• Modules: economic revenuea) is up +8.3% (+9.4% LFLc)) compared to H1 2024,
and continues to benefit from higher module volumes assembled for European
manufacturers in Slovakia and the Czech Republic.

• Powertrain: economic revenuea) totaled €1,333 million, down -2.6% and -0.7%
LFLc) year-on-year. In a context of sustained demand for combustion
powertrain and increased demand for hybrid powertrain, the C-Power business
group continues to consolidate its leading position in the production of
fuel tanks. In addition, the new H2-Power plant in Lachelle, France, launched
the series production of high-pressure hydrogen tanks, as well as the assembly
of complete hydrogen systems for the collective mobility companies, notably
Alstom and Stadler.



Consolidated revenueb) totaled €5,332 million in H1 2025, down -1.5% (-0.6% LFLc)) year-
on-year. It includes a negative currency effect of -€49 million, mainly on the US dollar
and the Argentine peso.




5
OPmobility posts growth of +1.6%c), in a marketk) decreasing in the main regions
where the Group operates

In an increasingly regionalized market, global automotive productionk) rose by +3.1%
in H1 2025, mainly driven by China, but decreased in Europe and North America.

In a context of economic uncertainty, the European market contracted by -3.6%
in H1 2025 year-on-year. The North American market was also marked by tariff
uncertainty and associated trade restrictions in the first half of the year. In Asia,
automotive production increased by +8.0% compared to H1 2024, mainly supported
by the performance of China, which posted a +12.2% increase in H1 2025.


Performance
In € million Revenuea) Revenuea) LFL Automotive vs.
Change
By region H1 2024 H1 2025 change productionk)
c) Automotive
production
Europe 2,995 3,118 +4.1% +4.2% -3.6% +7.8pts
North
1,769 1,610 -9.0% -8.0% -3.9% -4.1pts
America
Asia 910 1,014 +11.5% +14.3% +8.0% +6.3pts
China 443 451 +1.8% +3.5% +12.2% -8.7pts
Asia
467 564 +20.6% +24.9% +2.8% +22.1pts
excl. China
Rest of the
265 218 -17.7% - - -
world 1

Total 5,939 5,960 +0.4% +1.6% +3.1% -1.6pts




• In Europe, economic revenuea) totaled €3,118 million, up +€123 million on H1 2024.
Automotive productionk) decreased by -3.6% in this region and was outperformed
by the Group by +7.8 points. This performance was supported mainly by Modules,
which continues to benefit from growth in volumes assembled at the Slovakia and
Czech Republic sites for two European manufacturers, Skoda and Volkswagen.

• In North America, economic revenuea) amounted to €1,610 million and
represented 27% of total Group revenue in H1 2025. Revenuea) decreased -9.0%
(-8.0% LFLc)) year-on-year, due to production postponements by some automotive
OEMs, and temporary production stoppages at some of our customers’ plants in
Mexico and Canada, in a context of tariff uncertainty. In the United States,


1 Africa and South America.
6
OPmobility outperformed automotive production by +3.0 points, reinforcing its
expansion strategy in the country.

• In China, where it generates 8% of its sales, the Group recorded economic
revenuea) of €451 million in H1 2025, in a market growing +12.2%, driven by strong
demand for new energy vehicles. C-Power activities stabilized in this country,
benefiting particularly from rapid growth in the hybrid vehicle segment. At the
same time, the Exterior activity, through YFPO, the joint venture with Yanfeng,
posted revenue growth in H1 2025 and continues to book orders with major players
in the Chinese market.

• In Asia excluding China, where OPmobility generates 9% of its sales, economic
revenuea) totaled €564 million in H1 2025, up +20.6% (+24.9% LFLc)) year-on-year,
outperforming automotive productionk) by +22.1 points. The Group continues to
record strong growth in South Korea, top country contributing to revenue in this
region, driven by SHB’s module assembly business. In addition, through its C-Power
business group, the Group continues to grow in Southeast Asia and particularly in
Thailand.




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Strong growth of +11.1% in the Group operating margin


In € million
H1 2024 H1 2025 Change
By segmentj)
Consolidated revenue 2,515 2,389 -5.0%
Operating margin 142 127 -10.1%
Exterior & Lighting
(as a % of consolidated
5.6% 5.2% -0.4pts
revenue)
Consolidated revenue 1,532 1,615 +5.4%
Operating margin 33 43 +30.3%
Modules
(as a % of consolidated
2.2% 2.7% +0.5pts
revenue)
Consolidated revenue 1,366 1,329 -2.7%
Operating margin 62 77 +24.3%
Powertrain
(as a % of consolidated
4.5% 5.8% +1.3pts
revenue)
Other 2 Operating margin -2 13 NA
Consolidated revenue 5,413 5,332 -1.5%
Operating margin 234 260 +11.1%
Total Group
(as a % of consolidated
4.3% 4.9% +0.6pts
revenue)



In H1 2025, the Group operating margind) totaled €260 million compared to
€234 million in H1 2024, an increase of +€26 million, with an operating margin of 4.9%
of Group revenue, up +0.6 points. The Modules operating margin exceeded 2.5%,
while the operating margin of the Group's other activities (including Exterior & Lighting,
Powertrain) increased to 5.9% in H1 2025, compared to 5.2% in H1 2024.

In H1 2025, the Group benefited from the first effects of cost cutting measures
implemented rapidly and intensified in the second quarter of 2025. These measures
mainly focused on reducing structure costs and indirect production expenses across
all of the Group’s activities.

The Exterior & Lighting operating margind) amounted to €127 million in H1 2025, i.e. 5.2%
of revenueb). The Exterior operating margin continues to grow, while the Lighting
operating margin declined in line with activity levels.

The Modules operating margind) amounted to €43 million in H1 2025, i.e. 2.7% of
revenueb), up +0.5 points on H1 2024. OPmobility continues to improve the profitability
of this assembly business, which, while generating a lower margin rate than the



2 Corresponds to intra-group eliminations and amounts that are not allocated to a specific segment (notably holding

company activities and OP’nSoft, a software development entity).
8
Group’s other activities, is low capital-intensive. Modules results are in line with the
objective to improve its operating margin.

The Powertrain operating margind) amounted to €77 million in H1 2025, i.e. 5.8% of
revenueb). Among C-Power, fuel tank and emission reduction systems production
activity posted solid results, and the electrification systems activity secures new
contracts. The hydrogen business, H2-Power, continues to receive orders from heavy
and collective mobility players, and to adapt in an environment where volume
growth is more gradual than expected.




Net result Group share of €90 million

In € million H1 2024 H1 2025 Change
Operating margind) 234 260 +26
Other operating income and
-30 -63 -33
expenses
Financial income and expenses -63 -69 -6
Income tax -41 -37 +4
Net result 100 91 -9
Minority interests 0 -1 -1
Net result Group share 100 90 -10




Net result Group share is €90 million in H1 2025 (1.7% of consolidated revenueb)),
decreasing by -€10 million on H1 2024, due to:
- An increase of €33 million of other operating income and expenses compared
to H1 2024, mainly including reorganization costs linked to the Group
transformation and currency effects. The marked improvement in the
operating margin in H1 2025 covers the main part of this increase;
- The contained increase in financial expenses leading to a financial income
and expenses of -€69 million in H1 2025, compared to
-€63 million in H1 2024;
- An income tax expense of €37 million in H1 2025, or 0.7% of revenueb),
decreasing on H1 2024. The effective tax rate is 34.0% in H1 2025, stable
compared to H1 2024.




9
Strong free cash flow generation of €165 million, up +5.0%


In € million H1 2024 H1 2025
EBITDAe) 471 516
Operating cash flow 474 481
Change in WCR +42 +7
Investmentsf) 258 226
Free cash flowg) 157 165

EBITDAe) amounted to €516 million in H1 2025, representing 9.7% of revenueb)
compared to €471 million and 8.7% of revenueb) in H1 2024, mainly linked to the
increase in the operating margin during the first half-year.

Investmentsf) decreased by €33 million and represent 4.2% of revenueb). In response to
the limited production volume visibility, the Group has controlled its investments on
strategic priorities.

The change in working capital requirements was +€7 million in H1 2025, vs. +€42 million
in H1 2024.

Free cash flowg) totaled €165 million in H1 2025, or 3.1% of revenueb), up +5.0% on H1
2024.




Significant reduction in net debt

At June 30, 2025, the Group’s net debth) stood at €1,459 million, down €118 million on
€1,577 million at December 31, 2024. OPmobility’s leverage is 1.5x EBITDA at the end
of June 2025, compared to 1.7x at the end of 2024.

In May 2025, the Group paid the balance of €0.36 per share on the dividend for fiscal
year 2024, and repaid the €95 million due on the Schuldschein private placement.

At June 30, 2025, the Group has liquidities of €2.3 billion, comprising €551 million
in available cash and €1.8 billion in confirmed, undrawn credit facilities, with an
average maturity of 3.3 years and no covenants.




10
OPmobility demonstrates its resilience thanks to its agility
in a constantly evolving market




The automotive market has undergone major transformations for several years and
OPmobility addresses these challenges through a diversification strategy covering
technologies, geographies and customers, while opening up to new mobility markets.

On February 1, 2025, the Group created the Exterior & Lighting business group,
combining exterior systems and lighting activities to satisfy customers’ need for
integrated solutions, while generating synergies. This business group enables
OPmobility to accelerate the development of a distinctive offering addressing the
high demand for value-added integrated exterior systems.

OPmobility has also demonstrated its ability to satisfy the industry’s growing need to
develop new products in significantly shorter time frames. For example, the Group was
recently awarded a key contract in India by a local manufacturer, following the
record time product development of a full bumper and grille for a light duty truck
model. This contract was made possible by the delivery of a series-ready product in
less than 15 months, compared to an average of 26 months in the country.

In addition, the Group is pursuing its ambition to address other mobility markets.
OPmobility continues to support new customers, whether in the electric and
autonomous mobility sector, such as robotaxis, or the heavy and commercial mobility
sector. To work with collective mobility players such as Alstom, Stadler and CRRC,
OPmobility calls on battery or hydrogen electric solutions, thereby contributing to a
sustainable transition.

Alongside its diversification strategy, OPmobility has accelerated its transformation to
optimize performance and synergies between business groups in key functions such
as purchasing, logistics, industrial performance and research & development, with the
aim of improving the Group’s competitiveness.




The Group accelerates its action plan in the short term

Thanks to a local industrial footprint close to its customers, OPmobility is less directly
exposed to the impacts of increased tariffs in effect since the beginning of the second
quarter. However, to anticipate more limited visibility over automotive production
volumes from the second half of the year, OPmobility has accelerated its cost saving
measures across all its activities and regions.

OPmobility has rapidly benefited from these measures, which were intensified in the
second quarter. Also, as an example, the Group has reduced its structure costs and

11
indirect expenses, including the number of external contractors, as well as business
travel expenses. In addition, the Group has rationalized its investments focusing on
strategic priorities.


OPmobility accelerates its safety and sustainability commitments

In H1 2025, the Group achieved its best safety performance level, with a global FR2 3
score of 0.42, below the 2025 target of 0.5. This means more than 150 OPmobility sites
have not reported any accidents in the last 12-month rolling period.

OPmobility is also accelerating its efforts to reduce its CO2 emissions and confirm the
targets set in 2021:

• Carbon neutrality for scopes 1 and 2 4 by 2025,
• 30% reduction in scope 3 emissions by 2030 compared with 2019,
• Net zero 2050 objective, in accordance with the SBTi’s Business Ambition for
1.5°C.

At the end of June 2025, 38 Group sites were equipped with solar panels or wind
turbines, compared to 35 sites at the end of 2024, contributing to the reduction in the
Group’s CO2 emissions.

The energy improvement program implemented since 2021 has enabled the Group
to further boost its energy efficiency, which has improved by 24% in H1 2025 5
compared to 2019.

Through its initiatives, OPmobility positions itself as a major player in mobility energy
transition.




3 FR2: Accident frequency rate with and without lost time over a 12-month rolling period.
4 For Lighting acquisitions made in 2022, carbon neutrality for scopes 1 and 2 by 2027.
5 Data available from January 2025 to May 2025 vs. FY 2019, excluding the Lighting activity.
12
Outlook



The current environment, marked by tariff uncertainty and geopolitical tension,
provides limited visibility over global automotive production in the second half of 2025.
Following a +3.1% increase in global automotive productionk) year-on-year in H1 2025,
S&P expects the market to decrease -2.3% in the second half of 2025, with a decrease
expected across all regions (Europe, North America and Asia).
In this context, OPmobility continues to build on its strengths: local industrial presence
with 150 plants in 28 countries, and operational and commercial proximity to
customers. The Group is also pursuing its cost savings measures, intensifying them from
Q2 2025 onwards across all its activities, while controlling its investments.


With its solid H1 2025 results, achieved by rapidly adapting to the volatile environment,
OPmobility is confident in confirming its 2025 outlook. The Group aims to improve
its financial aggregates (operating margind), net result Group share and free cash
flowg)) compared to 2024, while continuing to reduce its net debth).




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Webcast of H1 2025 results presentation
OPmobility H1 2025 results will be presented during a webcast conference on
Thursday, July 24, 2025 at 9:00 am (CET).

To follow the webcast, please click on the following link:
https://opmobilityen.engagestream.companywebcast.com/2025-07-24-half-year-
2025



This press release is published in English and French. In the event of any discrepancy
between these versions, the original version written in French shall prevail.

The press release and the slideshow are available at www.opmobility.com.

Calendar
• October 22, 2025: Q3 2025 revenue


*****

About OPmobility

OPmobility is a world leader in sustainable mobility and a technology partner to mobility players worldwide. Driven by
innovation since its creation in 1946, the Group is today composed of four complementary business groups that enable
it to offer its customers a wide range of solutions: exterior and lighting systems, complex modules, energy storage
systems and, battery and hydrogen electrification solutions. OPmobility also offers its customers an activity dedicated
to the development of software, OP’nSoft.

With economic revenue of 11.6 billion euros in 2024 and a global network of 150 plants and 40 R&D centers, OPmobility
relies on its 38,900 employees to meet the challenges of sustainable mobility.

OPmobility is listed on Euronext Paris, compartment A. It is eligible for the Deferred Settlement Service (SRD) and is
included in the SBF 120 and CAC Mid 60 index (ISIN code: FR0000124570). www.opmobility.com




PRESS INVESTOR RELATIONS
Contacts Ambroise Ecorcheville Stéphanie Laval
media@opmobility.com investor.relations@opmobility.com




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Glossary


a) Economic revenue corresponds to consolidated revenue of the Group and the following
joint ventures and associates consolidated at their percentage holding: BPO (50%) and YFPO
(50%) for Exterior & Lighting, EKPO (40%) for Powertrain and SHB (50%) for Modules.

b) Consolidated revenue does not include the Group’s share of revenue from joint ventures,
consolidated using the equity method, in accordance with IFRS 10-11-12.

c) Like-for-Like (LFL): at constant scope and exchange rates

i. The currency effect is calculated by applying the exchange rate of the current
period to the revenue of the previous period. In H1 2025, it amounted to
-€71 million for economic revenue and -€49 million for consolidated revenue.

ii. There was no scope effect.

d) Operating margin includes the Group’s share of income from companies consolidated
using the equity method and amortization of intangible assets acquired, before other
operating income and expense.

e) EBITDA corresponds to operating margin, which includes the Group’s share of income from
associates and joint ventures, before depreciation, amortization, and operating provisions.

f) Investments comprise expenditure on property, plant and equipment and intangible assets,
net of disposals.

g) Free cash flow corresponds to operating cash flow less expenditure on property, plant and
equipment and intangible assets net of disposals, taxes and net interest paid, plus or minus the
change in the working capital requirement (cash surplus from operating activities).

h) Net debt includes all long-term borrowings, short-term loans, and bank overdrafts less loans,
marketable debt instruments and other non-current financial assets, and cash and cash
equivalents.

i) Gearing is the ratio of net debt to total shareholders’ equity.

j) Group segment reporting breaks down as follows:

o Exterior & Lighting (formerly Exterior Systems), which includes exterior systems
and lighting activities;

o Powertrain, which brings together the C-Power (energy and emission reduction
systems, batteries and electrification systems) and H2-Power (hydrogen activity)
business groups;

o Modules, which comprises module design, development and assembly
activities.

k) Global or regional automotive production data refer to the S&P Global Mobility forecasts
published in July 2025 (<3.5-ton passenger car segment and commercial light vehicles).




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to time and implemented in each member state of the European Economic Area and in accordance
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These forward-looking statements have been developed from scenarios based on a number of
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Other than as required by applicable law, the Company does not undertake any obligation to update
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Investors are advised to take into account factors of uncertainty and risk likely to impact the operations
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These risks also include those developed or detailed in the most up-to-date version of OPmobility’s
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