Ecarx Holdings Inc. · NASDAQ:ECX
Ecarx — Q3 2025 Earnings Presentation
25 slides from Ecarx's earnings presentation, Nov 3, 2025
Slide 1: Third Quarter 2025 Financial Results
Third Quarter 2025 Financial Results November 3, 2025
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: 2025 Q3 Highlights
ecar >< 2025 Q3 Highlights
Slide 4: Enabling & accelerating the deployment of leading global intelligent automotive solutions
Enabling & accelerating the deployment of leading global intelligent automotive solutions Products in Vehicles Q3 Gross Profit Q3 Revenue ~10mn 47.6 mn Serving 18 OEMs across 219.9 mn As of September 30, 2025 GM 22% 28 vehicle brands Up 11% YoY Antora Shipments Net Profit As of September 30, 2025 19
Slide 5: Products & Operations
ecar >< Products & Operations
Slide 6: Major presence across three continents
Major presence across three continents Gothenburg San Diego, CA • Cockpit R&D and delivery • R&D center Shanghai • 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 executive o
Slide 7: 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 7
Slide 8: 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 9: 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 9
Slide 10: 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 11: Vehicle Launches
ecar >< Vehicle Launches
Slide 12: Galaxy M9
Galaxy M9 A powerful computing base engineered to deliver a landmark AI cockpit revolution August 2025 12 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. | w
Slide 13: 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 14: 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 September 2025 September 2025 EM-P EM-P All copyright shall belong to ECARX. No person shall copy or distribute any or all part of the co
Slide 15: 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 All copyright shall belong to ECARX. No person shall copy or distribute any or all part of the content in any wa
Slide 16: Financials
ecar >< Financials
Slide 17: Quarterly financial performance
Quarterly financial performance Total revenue (USDm) Gross profit (USDm) Gross 20% 21% 11% 22% 4%1 Margin 266 56 11%1 45 48 220 12 30%1 -10%1 37 169 1 156 34 22 23 26 1 209 182 17 131 121 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2024 Q1 2025 Q2 2025 Q3 2025 1. YoY change Sales of Goods Revenue Software Li
Slide 18: Quarterly financial performance (continued)
Quarterly financial performance (continued) Adjusted EBITDA (USDm) Net (loss)/profit (USDm) Adjusted EBITDA % 4% (9%) （19%） 4% Net (2%) (16%) (29%) 0.4% profit % 10 8 1 (5) (14) (27) (30) (45) Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2024 Q1 2025 Q2 2025 Q3 2025 All copyright shall belong to ECARX. No per
Slide 19: Q&A
ecar >< Q&A
Slide 20: Appendix
ecar >< Appendix
Slide 21: Unaudited Condensed consolidated balance sheets
Unaudited Condensed consolidated balance sheets As of As of As of As of December 31 September 30 December 31 September 30 (Unaudited) (Unaudited) (Unaudited) (Unaudited) 2024 2025 Millions, except otherwise noted 2024 2025 US$ US$ US$ US$ LIABILITIES ASSETS Current liabilities Current assets Cash 44
Slide 22: Unaudited Condensed consolidated balance sheets
Unaudited Condensed consolidated balance sheets As of As of September December 31 30 (Unaudited) (Unaudited) Millions, except otherwise noted 2024 2025 US$ US$ SHAREHOLDERS' DEFICIT Ordinary Shares - - Additional paid-in capital 895.0 945.0 Treasury shares, at cost (1.0) (30.0) Accumulated deficit (
Slide 23: Unaudited Consolidated statements of operations and comprehensive loss
Unaudited Consolidated statements of operations and comprehensive loss Nine Months Ended September Three Months Ended September Nine Months Ended Three Months Ended 30 30 September 30 September 30 (Unaudited) (Unaudited) (Unaudited) (Unaudited) 2024 2025 2024 2025 Millions, except otherwise noted 20
Slide 24: 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 25: 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.