Bayerische Motoren Werke Ag · XETR:BMW
Bayerische Motoren Werke — BMW Group — Q3 2025 Earnings Presentation
41 slides from Bayerische Motoren Werke's earnings presentation, Nov 5, 2025
Slide 1: Quarterly Statement
30 SEPTEMBER 2025 QUARTERLY STATEMENT
Slide 2: Contents
2 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information CONTENTS 3 BMW Group at a Glance 7 Interim Group Management Report 27 Interim Group Financial Statements 37 Other Information
Slide 3: BMW Group at a Glance
3 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information BMW GROUP AT A GLANCE 4 BMW Group in Figures
Slide 4: BMW Group in Figures
4 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information BMW Group in Figures BMW GROUP IN FIGURES KEY PERFORMANCE INDICATORS 1 January to 1 January to 3rd quarter 2025 3rd quarter 2024 Change in % 30 September 20
Slide 5: Further Performance Figures
5 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information BMW Group in Figures FURTHER PERFORMANCE FIGURES 1 January to 1 January to 3rd quarter 2025 3rd quarter 2024 Change in % 30 September 2025 30 September 2024
Slide 6: Further Performance Figures
6 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information BMW Group in Figures FURTHER PERFORMANCE FIGURES 1 January to 1 January to 3rd quarter 2025 3rd quarter 2024 Change in % 30 September 2025 30 September 2024
Slide 7: Interim Group Management Report
7 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information INTERIM GROUP MANAGEMENT REPORT 8 Financial Performance 8 General Economic Environment 9 Group Overview 13 Automotive Segment 19 Financial Services Segment
Slide 8: Financial Performance
8 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Financial Performance 8 9 General Economic Environment Group Overview FINANCIAL PERFORMANCE 13 Automotive Segment 19 Financial Services Segment 21 Other Ent
Slide 9: Group Overview
9 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Financial Performance GROUP OVERVIEW International automobile markets – an overview 8 General Economic Environment In the first nine months of 2025, the lar
Slide 10: Group profit before tax reaches €2,329 million in third quarter
10 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Financial Performance Group profit before tax reaches € 2,329 million in third quarter Selling and administrative expenses decreased slightly to € 2,558 mi
Slide 11: Research and development expenditure and financial result
11 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Financial Performance planning, despite the ongoing product campaigns and intensive prepara- The financial result increased by € 758 million (2025: € –8 mi
Slide 12: Share buyback programme and financing activities
12 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Financial Performance Share buyback programme Financing activities 8 General Economic Environment The second share buyback programme, as authorised by the
Slide 13: Automotive Segment
13 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Financial Performance 8 General Economic Environment AUTOMOTIVE SEGMENT 9 Group Overview 13 Automotive Segment 1 January to 1 January to 19 Financial Servi
Slide 14: Electrified deliveries and deliveries by model series
14 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Financial Performance The BMW Group delivered a total of 470,287 electrified automobiles be- Deliveries of BMW automobiles by model series 8 General Econom
Slide 15: Deliveries of vehicles by region and market
15 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Financial Performance BMW Group – deliveries of vehicles by region and market 8 General Economic Environment 9 Group Overview 1 January to 1 January to 13
Slide 16: Automotive EBIT margin within target range
16 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Financial Performance EBIT margin in the third quarter within the target range for the year at As expected, selling and administrative expenses saw a moder
Slide 17: Research and development and cash flow
17 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Financial Performance significantly below last year’s level, at € 5,941 million (2024: € 6,642 mil- € 7,516 million (2024: € 8,337 million), particularly i
Slide 18: Net financial assets – Automotive
18 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Financial Performance Net financial assets – Automotive 8 General Economic Environment Automotive-related net financial assets comprise the following: 9 Gr
Slide 19: Financial Services Segment
19 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Financial Performance 8 General Economic Environment FINANCIAL SERVICES SEGMENT 9 Group Overview 13 Automotive Segment 1 January to 1 January to 19 Financi
Slide 20: Growth in new business in the first nine months
20 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Financial Performance Growth in new business in the first nine months Group’s own fleet. Volumes in this business area will be continuously ex- 8 General E
Slide 21: Other Entities Segment and Eliminations
21 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Financial Performance 8 General Economic Environment OTHER ENTITIES SEGMENT AND 9 Group Overview 13 Automotive Segment ELIMINATIONS 19 Financial Services S
Slide 22: Outlook, Risk and Opportunity Management
22 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Outlook, Risk and Opportunity Management 8 9 General Economic Environment Group Overview OUTLOOK, RISK AND OPPORTUNITY MANAGEMENT 13 Automotive Segment 19
Slide 23: Outlook: supplier environment and tariffs
23 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Outlook, Risk and Opportunity Management The challenging situation in the supplier environment and the impact of in- In view of the growing unpredictabilit
Slide 24: Outlook: depreciation, RoE and profit before tax
24 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Outlook, Risk and Opportunity Management Depreciation is expected to remain at a high level due to investments and The RoE in the Financial Services segmen
Slide 25: BMW Group – key performance indicators
25 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Outlook, Risk and Opportunity Management BMW Group – key performance indicators 8 General Economic Environment The key performance indicators of the BMW Gr
Slide 26: Risk and Opportunity Management
26 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Outlook, Risk and Opportunity Management 8 General Economic Environment RISK AND OPPORTUNITY 9 Group Overview 13 Automotive Segment MANAGEMENT 19 Financial
Slide 27: Interim Group Financial Statements
27 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information INTERIM GROUP FINANCIAL STATEMENTS 28 Income Statement for Group and Segments for the period from 1 July to 30 September 30 Income Statement for Group and
Slide 28: Income Statement for Group and Segments (Q3)
28 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Income Statement for Group and Segments INCOME STATEMENT FOR GROUP AND SEGMENTS FOR THE PERIOD FROM 1 JULY TO 30 SEPTEMBER Group Automotive Motorcycles in
Slide 29: Income Statement for Group and Segments (Q3)
29 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Income Statement for Group and Segments INCOME STATEMENT FOR GROUP AND SEGMENTS FOR THE PERIOD FROM 1 JULY TO 30 SEPTEMBER Financial Services Other Entitie
Slide 30: Income Statement for Group and Segments (Jan–Sep)
30 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Balance Sheet for Group and Segments INCOME STATEMENT FOR GROUP AND SEGMENTS FOR THE PERIOD FROM 1 JANUARY TO 30 SEPTEMBER Group Automotive Motorcycles in
Slide 31: Income Statement for Group and Segments (Jan–Sep)
31 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Balance Sheet for Group and Segments INCOME STATEMENT FOR GROUP AND SEGMENTS FOR THE PERIOD FROM 1 JANUARY TO 30 SEPTEMBER Financial Services Other Entitie
Slide 32: Balance Sheet for Group and Segments
32 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Balance Sheet for Group and Segments BALANCE SHEET FOR GROUP AND SEGMENTS AT 30 SEPTEMBER 2025 Group Automotive Motorcycles in € million 30.9.2025 31.12.20
Slide 33: Balance Sheet for Group and Segments
33 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Balance Sheet for Group and Segments BALANCE SHEET FOR GROUP AND SEGMENTS AT 30 SEPTEMBER 2025 Financial Services Other Entities Eliminations in € million
Slide 34: Balance Sheet for Group and Segments
34 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Balance Sheet for Group and Segments BALANCE SHEET FOR GROUP AND SEGMENTS AT 30 SEPTEMBER 2025 Group Automotive Motorcycles in € million 30.9.2025 31.12.20
Slide 35: Balance Sheet for Group and Segments
35 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Balance Sheet for Group and Segments BALANCE SHEET FOR GROUP AND SEGMENTS AT 30 SEPTEMBER 2025 Financial Services Other Entities Eliminations in € million
Slide 36: Condensed Cash Flow Statement for Group and Segments
36 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information CONDENSED CASH FLOW STATEMENT FOR GROUP AND SEGMENTS FOR THE PERIOD FROM 1 JANUARY TO 30 SEPTEMBER Group Automotive Financial Services in € million 2025 20
Slide 37: Other Information
37 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information OTHER INFORMATION 38 Consumption and Carbon Disclosures 41 Contacts
Slide 38: Consumption and Carbon Disclosures
38 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Consumption and Carbon Disclosures CONSUMPTION AND CARBON DISCLOSURES As of November 2025 Figures based on WLTP Fuel consumption Energy consumption combine
Slide 39: Consumption and Carbon Disclosures
39 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Consumption and Carbon Disclosures As of November 2025 Figures based on WLTP Fuel consumption Energy consumption combined or weighted combined CO₂ emission
Slide 40: Consumption and Carbon Disclosures
40 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Consumption and Carbon Disclosures As of November 2025 Figures based on WLTP Fuel consumption Energy consumption combined or weighted combined CO₂ emission
Slide 41: Contacts
41 BMW Group Quarterly Statement 2025 BMW Group at a Glance Interim Group Management Report Interim Group Financial Statements Other Information Contacts CONTACTS BUSINESS AND FINANCE PRESS THE BMW GROUP ON THE INTERNET PUBLISHED BY Telephone + 49 89 382-2 45 44 Further information about the BMW Gro