Ecarx Holdings Inc. · NASDAQ:ECX
Ecarx — Q4 2025 Earnings Presentation
29 slides from Ecarx's earnings presentation, Feb 12, 2026
Slide 1: Fourth Quarter 2025 Financial Results
Fourth Quarter 2025 Financial Results February 12, 2026
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements have been translated into the new reporting currency. This presentation contains statements that are forward-looking statements within the meaning of the U.S. Private Securities Non-GAAP Financial Measure Litigation Reform Act of 1995. These statements are base
Slide 3: 4Q 25: critical inflection point marking start of next phase of sustainable, profitable growth
4Q 25: critical inflection point marking start of next phase of sustainable, profitable growth Q4 Revenue Q4 Adj. EBITDA US$305 mn Serving 18 OEMs Up 13% YoY and Historic High US$22 mn across 28 vehicle brands As of December 31, 2025 Shipments of Antora®, Q4 Operating Income Q4 Gross Profit Venado™,
Slide 4: 4Q 2025 Financial Highlights
4Q 2025 Financial Highlights 4
Slide 5: Strategic execution and lean operating strategy driving revenue growth momentum and resilient recovery in gross margin
Strategic execution and lean operating strategy driving revenue growth momentum and resilient recovery in gross margin Total revenue (US$ mn) Gross profit (US$ mn) Sales of Goods Revenue Software License Revenue Service Revenue Gross 22% 21% 20% + 13%1 Margin 11% 305 33 64 2 + 11%1 220 48 + 30%1 - 1
Slide 6: Second consecutive quarter of positive operating income and adj. EBITDA
Second consecutive quarter of positive operating income and adj. EBITDA Operating income (US$ mn) Adjusted EBITDA (US$ mn) 22 7 3 8 (25) (14) (40) (30) Q1 2025 Q2 2025 Q3 2025 Q4 3035 Q1 2025 Q2 2025 Q3 2025 Q4 2025 All copyright shall belong to ECARX. No person shall copy or distribute any or all p
Slide 7: Fresh capital to drive next phase of global growth
Fresh capital to drive next phase of global growth US$150 mn Fuel global expansion ATW Partners October 2025 Build-out of R&D, delivery, and supply chain capabilities in key growth markets in South US$45.6 mn America and Southeast Asia Geely Investment Holding Ltd. January 2026 Powerful Endorsement
Slide 8: 4Q 2025 Operational Highlights
4Q 2025 Operational Highlights 8
Slide 9: Strategic execution driving momentum globally
Strategic execution driving momentum globally Deepened Volkswagen Group Partnership AI Cockpits Powering Key Vehicle Launches • Pikes® & Cloudpeak® power next-gen AI cockpit in • Signed second agreement to supply digital cockpit Galaxy M9, Lynk & Co 07/08 EM-P. solutions for multiple models in Latin
Slide 10: 1Q and Full Year 2026 Guidance
1Q and Full Year 2026 Guidance 10
Slide 11: Guidance
Guidance 1Q 26: anticipate typical industry seasonality but remain fully Global Revenue Mix Roadmap confident in delivering on full-year revenue and profitability targets: 2026 • Full-year order pipeline remains robust and aligns with the growth targets. • Proactive cost management strategies in pla
Slide 12: Q&A
ecar >< Q&A
Slide 13: Appendix
ecar >< Appendix
Slide 14: Unaudited Condensed consolidated balance sheets
Unaudited Condensed consolidated balance sheets As of As of As of As of December 31 December 31 December 31 December 31 (Unaudited) (Unaudited) (Unaudited) (Unaudited) 2024 2025 Millions, except otherwise noted 2024 2025 US$ US$ US$ US$ LIABILITIES ASSETS Current liabilities Current assets Cash 44.3
Slide 15: Unaudited Condensed consolidated balance sheets
Unaudited Condensed consolidated balance sheets As of As of December 31 December 31 (Unaudited) (Unaudited) Millions, except otherwise noted 2024 2025 US$ US$ SHAREHOLDERS' DEFICIT Ordinary Shares - - Additional paid-in capital 895.0 958.1 Treasury shares, at cost (1.0) (30.0) Accumulated deficit (1
Slide 16: Unaudited Consolidated statements of operations and comprehensive loss
Unaudited Consolidated statements of operations and comprehensive loss Three Months Ended Full Year Ended December December 31 31 (Unaudited) (Unaudited) Three Months Ended Full Year Ended December 31 December 31 2024 2025 2024 2025 (Unaudited) (Unaudited) US$ US$ US$ US$ Millions, except otherwise
Slide 17: Unaudited Reconciliation of GAAP and Non-GAAP Results
Unaudited Reconciliation of GAAP and Non-GAAP Results We use adjusted EBITDA in evaluating our operating results and for financial and operational decision-making purposes. Adjusted EBITDA is defined as net loss excluding interest income, interest expense, income tax expenses, depreciation of proper
Slide 18: Products & Operations
ecar >< Products & Operations
Slide 19: Major presence across three continents
Major presence across three continents Gothenburg San Diego, CA • Cockpit R&D and delivery • R&D center Shanghai - HQ • AD R&D center • AI R&D center • Big data, algorithm, cloud • Advanced research product and London - EU HQ technology R&D • EU operation center where our • Automotive SoC R&D execut
Slide 20: ECARX main full-stack computing roadmap
ECARX main full-stack computing roadmap All copyright shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve the right to take legal action against such violations. | www.ecarxgroup.com 20
Slide 21: ECARX Cloudpeak software solution
ECARX Cloudpeak software solution Flexible and open SOA architecture design completely releases hardware performance, providing customizable cross domain software development solutions. All copyright shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way.
Slide 22: All copyright shall belong to ECARX. No person shall copy or distribute any or
All copyright shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve the right to take legal action against such violations. | www.ecarxgroup.com 22
Slide 23: Strong position from diversified and growing customer base
Strong position from diversified and growing customer base Chinese Brands Global Brands All copyright shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve the right to take legal action against such violations. | www.ecarxgroup.com
Slide 24: Vehicle Launches
ecar >< Vehicle Launches
Slide 25: Galaxy M9
Galaxy M9 A powerful computing base engineered to deliver a landmark AI cockpit revolution August 2025 25
Slide 26: LYNK Flyme Auto 2.0
LYNK Flyme Auto 2.0 The next-generation cockpit: unifying 5nm flagship performance, a cross- domain software platform, and AI large models All copyright shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve the right to take legal ac
Slide 27: Powered by ECARX technology, the Lynk & Co and electric vehicles have experienced a surge in sales
Powered by ECARX technology, the Lynk & Co 08 and 07 electric vehicles have experienced a surge in sales, fueled by their highly acclaimed intelligent performance 2023 年 9 月 2024 年 5 月 emp 所有版权归亿咖通科技所有。任何人不得以任何方式部分或全部进行复制或传播。亿咖通科技保留追究法律责任的权利 | www.ecarxgroup.com
Slide 28: ECARX delivers a full stack intelligent cockpit solution for the all-new Volvo XC70
XC70 ECARX delivers a full stack intelligent cockpit solution for the all-new Volvo XC70, built on two timeless principles: functionality devoted to safety, design dedicated to simplicity 所有版权归亿咖通科技所有。任何人不得以任何方式部分或全部进行复制或传播。亿咖通科技保留追究法律责任的权利 | www.ecarxgroup.com
Slide 29: Thank you.
Thank you. ECARX Holdings, Inc. www.ecarxgroup.com ir@ecarxgroup.com All copyright shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve the right to take legal action against such violations.