Daimler Truck : Factbook for Q2 2026

About this update from Daimler Truck Holding Ag

Factbook for Q2 2026* August 07, 2026 * The Factbook reports on continuing operations, unless explicitly stated otherwise. Stock Market Information 1. Stock Market Information Q3 Q4 Q1 Q2 FY In €m 2025 2025 2026 2026 2025 Change 2025 Earnings per share (in €) basic 0.51 0.59 0.18 0.15 0.29 -46 % 2.33 diluted 0.51 0.59 0.18 0.15 0.29 -46 % 2.33 Average number of shares outstanding (adjusted for treasury shares, in millions) basic 766 766 765 762 769 -1 % 769 diluted 766 766 765 762 769 -1 % 769 Number of shares outstanding (at period end, in millions) 766 766 764 760 767 -1 % 766 Xetra closing price (at period end, in €) 35.02 37.32 41.47 42.20 40.17 5% 37.32 Market capitalization, Frankfurt Stock Exchange (based on number of shares outstanding, at period end, in billions of €) 26.81 28.57 31.70 32.08 30.80 4% 28.57 1. Key Figures and Ratios Group Q3 Q4 Q1 Q2 Q1-2 FY In €m 2025 2025 2026 2026 2025 Change 2026 2025 Change 2025 Revenue 10,551 11,797 9,981 12,292 11,674 5% 22,273 23,182 -4% 45,530 EBIT 553 677 292 360 396 -9% 652 1,399 -53% 2,630 Net profit 407 428 149 128 245 -48% 277 994 -72% 1,829 Net profit from discontinued operations 51 39 45 1,340 65 - 1,385 114 - 205 Net profit from continuing and discontinued operations 458 467 194 1,468 310 374% 1,662 1,108 50% 2,033 t/o attributable to the shareholders of Daimler Truck Holding AG 434 489 175 1,457 277 427 % 1,631 1,047 56 % 1,970 Sep. 30 Dec. 31 Mar. 31 Jun. 30** Dec. 31 2025 2025 2026 2026 2025 Change Total workforce (number of employees)* 108,815 108,476 108,655 98,869 108,476 -9% Trucks North America 25,608 25,261 25,472 26,349 25,261 4 % Mercedes-Benz Trucks 47,060 46,812 46,560 47,036 46,812 0 % Daimler Buses 18,218 18,247 18,408 18,145 18,247 -1 % Financial Services 2,007 2,025 2,053 2,055 2,025 1 % * The total of the segments does not correspond to total workforce of the Group due to the reconciliation between the segments. ** Starting with Q2 2026, workforce figures no longer include approximately 10,000 Mitsubishi Fuso employees following the company's integration into ARCHION and the associated deconsolidation. 2. Key Figures and Ratios Industrial Business Q3 Q4 Q1 Q2 Q1-2 FY In €m 2025 2025 2026 2026 2025 Change 2026 2025 Change 2025 Continuing operations Unit sales 72,277 85,961 68,849 86,707 80,607 8% 155,556 156,365 -1% 314,603 Revenue 9,695 10,921 9,142 11,417 10,821 6% 20,559 21,438 -4% 42,054 EBIT 513 631 253 302 376 -20% 555 1,329 -58% 2,472 Adj. EBIT 600 702 460 780 998 -22% 1,239 2,022 -39% 3,323 ROS (in %) 5.3 5.8 2.8 2.6 3.5 - 2.7 6.2 - 5.9 Adj. ROS (in %) 6.2 6.4 5.0 6.8 9.2 - 6.0 9.4 - 7.9 Sum of continuing and discontinued operations EBIT 611 673 315 1,701 475 258% 2,015 1,504 34% 2,788 Average operating net assets* 10,874 10,556 10,405 10,396 10,645 -2% 10,400 10,502 -1% 10,608 Return on capital employed (in %) 22.5 25.5 12.1 65.4 17.8 - 38.8 28.6 - 26.3 Free Cash Flow 24 1,747 -445 1,762 20 - 1,318 53 - 1,824 Net liquidity 5,878 7,670 7,143 8,342 5,926 41% 8,342 5,926 41% 7,670 Investments PP&E 275 484 140 234 164 43% 374 347 8% 1,106 Depreciation and amortization/impairments** 237 259 247 252 270 -7% 499 558 -11% 1,054 t/o Amortization on capitalized development costs 19 20 21 21 21 1% 42 48 -12% 87 Research and development expenditure*** 520 557 503 517 610 -15% 1,020 1,194 -15% 2,272 t/o Research and non-capitalized development costs*** 465 508 463 481 534 -10% 943 1,033 -9% 2,006 t/o Capitalized development costs 55 49 40 36 75 -52 % 76 161 -53 % 265 Capitalization ratio (in %)*** 10.6 8.8 8.0 7.0 12.3 - 7.5 13.5 - 11.7 Research and development costs (EBIT view)*** -485 -528 -484 -502 -555 10% -986 -1,081 9% -2,093 t/o Research and non-capitalized development costs*** -465 -508 -463 -481 -534 10% -943 -1,033 9% -2,006 t/o Amortization on capitalized development costs -19 -20 -21 -21 -21 -1 % -42 -48 12 % -87 * The operating net assets are calculated on the basis of the values at the end of each quarter. Liquidity as well as income taxes and pensions are not included in the calculation of the operating net assets. Including assets and liabilities held for sale. ** Depreciation and amortization including amortization on capitalized development costs and right-of-use assets, excluding depreciation on leased assets. *** Excluding a special item in research and development costs of €218 million in the second quarter of 2025 from a non-cash derecognition of capitalized development costs due to the slower pace of transformation to battery-electric vehicles, especially in the US market. 3. Key Segment Data Q3 Q4 Q1 Q2 Q1-2 FY In €m 2025 2025 2026 2026 2025 Change 2026 2025 Change 2025 Trucks North America Unit sales 30,225 34,017 29,432 41,687 38,580 8% 71,119 77,572 -8% 141,814 Revenue 3,996 4,235 3,838 5,182 5,086 2% 9,021 10,492 -14% 18,723 Adj. EBIT 257 307 209 435 657 -34% 644 1,434 -55% 1,998 Adj. ROS (in %) 6.4 7.2 5.4 8.4 12.9 - 7.1 13.7 - 10.7 Mercedes-Benz Trucks Unit sales 35,818 44,794 34,486 38,970 35,299 10% 73,456 65,944 11% 146,556 Revenue 4,886 5,616 4,605 5,318 4,826 10% 9,923 9,235 7% 19,738 Adj. EBIT 319 391 233 317 283 12% 550 521 6% 1,230 Adj. ROS (in %) 6.5 7.0 5.1 6.0 5.9 - 5.5 5.6 - 6.2 Daimler Buses Unit sales 6,443 7,315 4,972 6,132 7,027 -13% 11,104 13,233 -16% 26,991 Revenue 1,402 1,759 1,243 1,556 1,467 6% 2,800 2,802 0% 5,963 Adj. EBIT 137 189 107 150 147 2% 257 273 -6% 599 Adj. ROS (in %) 9.8 10.7 8.6 9.6 10.0 - 9.2 9.7 - 10.0 Reconciliation Unit sales -209 -165 -41 -82 -299 73% -123 -384 68% -758 Revenue -589 -690 -544 -640 -557 -15% -1,184 -1,091 -9% -2,370 Adj. EBIT -113 -185 -89 -122 -88 -39% -211 -206 -2% -504 Financial Services Revenue 856 876 839 876 853 3% 1,715 1,744 -2% 3,476 Adj. EBIT 48 54 39 58 23 151% 97 79 23% 181 Equity (quarterly average, year-to-date) 2,981 2,979 3,019 3,067 2,998 2% 3,067 2,998 2% 2,979 Adj. ROE (in %, year-to-date) 5.7 6.1 5.1 6.3 5.2 - 6.3 5.2 - 6.1 Daimler Truck Group Unit sales 72,277 85,961 68,849 86,707 80,607 8% 155,556 156,365 -1% 314,603 Revenue 10,551 11,797 9,981 12,292 11,674 5% 22,273 23,182 -4% 45,530 Adj. EBIT 648 756 498 838 1,022 -18% 1,336 2,100 -36% 3,504 Market information 1. Market (company internal analysis) Q3 Q4 Q1 Q2 Q1-2 FY In % 2025 2025 2026 2026 2025 Change 2026 2025 Change 2025 Trucks North America North America* Class 8 Market (in k units) 65 58 50 66 70 -5.7% 116 135 -14.1% 258 Market Share (in %) 37.7% 38.4% 37.7% 38.3 % 40.4% -2.1%-pts. 38.0 % 41.1% -3.1%-pts. 39.6% North America* Class 6-7 Market (in k units) 34 30 31 36 34 5.9% 67 68 -1.5% 131 Market Share (in %) 30.4% 30.0% 33.0% 30.9 % 30.0% 0.9%-pts. 31.9 % 30.9% 1.0%-pts. 30.6% North America* Class 6-8 Market (in k units) 99 88 80 102 104 -1.9% 183 203 -9.9% 389 Market Share (in %) 35.3% 35.5% 35.9% 35.7% 37.0% -1.4%-pts. 35.8% 37.7% -1.9%-pts. 36.6% Mercedes-Benz Trucks EU30** HDT Market (in k units) 68 79 80 85 77 10.4% 164 149 10.1% 296 Market Share (in %) 19.1% 18.8% 18.3% 19.2 % 16.2% 3.0%-pts. 18.8 % 15.3% 3.5%-pts. 17.1% EU30** MDT Market (in k units) 8 9 7 7 8 -12.5% 14 16 -12.5% 33 Market Share (in %) 24.2% 22.1% 20.5% 20.4 % 22.8% -2.4%-pts. 20.5 % 22.9% -2.4%-pts. 23.0% EU30** HDT/MDT Market (in k units) 76 88 87 91 85 7.1% 178 165 7.9% 329 Market Share (in %) 19.7% 19.2% 18.5% 19.3% 16.8% 2.5%-pts. 18.9% 16.0% 2.9%-pts. 17.7% Brazil HDT Market (in k units) 22 23 17 20 20 0.0% 37 42 -11.9% 87 Market Share (in %) 22.3% 23.6% 23.0% 22.8 % 23.1% -0.3%-pts. 22.9 % 21.8% 1.1%-pts. 22.4% Brazil MDT Market (in k units) 6 5 4 5 5 0.0% 9 10 -10.0% 21 Market Share (in %) 42.2% 41.5% 39.9% 39.0 % 38.1% 0.8%-pts. 39.4 % 38.6% 0.8%-pts. 40.3% Brazil HDT/MDT Market (in k units) 28 28 21 26 25 4.0% 47 52 -9.6% 108 Market Share (in %) 26.4% 27.1% 26.3% 26.0% 26.2% -0.2%-pts. 26.1% 25.0% 1.1%-pts. 25.9% * USA, Canada and Mexico. ** European Union, United Kingdom, Switzerland and Norway. 1. Condensed Statement of Income of Daimler Truck Group Q3 Q4 Q1 Q2 Q1-2 FY In €m 2025 2025 2026 2026 2025 Change 2026 2025 Change 2025 Revenue 10,551 11,797 9,981 12,292 11,674 5% 22,273 23,182 -4% 45,530 Cost of sales -8,699 -9,616 -8,212 -10,102 -9,543 -6 % -18,313 -18,575 1 % -36,890 Gross profit 1,852 2,181 1,769 2,191 2,131 3% 3,960 4,607 -14% 8,640 Selling expenses -589 -724 -580 -599 -582 -3 % -1,179 -1,203 2 % -2,517 General administrative expenses -340 -315 -346 -343 -518 34 % -689 -987 30 % -1,642 Research and non-capitalized development costs -444 -465 -440 -481 -727 34 % -921 -1,205 24 % -2,115 Other operating income 147 190 172 132 225 -42 % 304 371 -18 % 708 Other operating expense -31 -125 -47 -254 -77 -231 % -301 -114 -164 % -270 Profit/loss on equity-method investments, net -40 -50 -239 -260 -38 -583 % -498 -67 -639 % -157 Other financial income/expense, net -1 -15 2 -26 -19 -36 % -24 -2 - -18 Earnings before interest and taxes (EBIT) 553 677 292 360 396 -9% 652 1,399 -53% 2,630 Interest income 98 121 94 106 90 18 % 201 197 2 % 416 Interest expense -82 -102 -79 -73 -82 12 % -151 -159 5 % -344 Profit from continuing operations, before income taxes 569 696 307 394 403 -2% 702 1,437 -51% 2,702 Income taxes -162 -268 -158 -266 -158 -68 % -424 -443 4 % -873 Net profit from continuing operations, after tax 407 428 149 128 245 -48% 277 994 -72% 1,829 Net profit from discontinued operations, after tax 51 39 45 1,340 65 - 1,385 114 - 205 Net profit 458 467 194 1,468 310 374% 1,662 1,108 50% 2,033 t/o attributable to non-controlling interests 24 -23 20 11 33 -66 % 31 61 -50 % 63 t/o attributable to the shareholders of Daimler Truck Holding AG 434 489 175 1,457 277 427 % 1,631 1,047 56 % 1,970 2. Condensed Statement of Financial Position of Daimler Truck Group Sept. 30 Dec. 31 Mar. 31 Jun. 30 Jun. 30 Dec. 31 In €m 2025 2025 2026 2026 2025 Change 2026 2025 Change Assets Intangible assets 2,727 2,771 2,807 2,852 2,688 6% 2,852 2,771 3% Property, plant and equipment 6,745 6,991 7,032 7,125 6,672 7% 7,125 6,991 2% Equipment on operating leases 3,979 4,117 4,111 4,213 4,003 5% 4,213 4,117 2% Receivables from financial services 25,675 26,109 26,214 27,028 26,523 2% 27,028 26,109 4% Equity-method investments 768 896 707 1,804 752 140% 1,804 896 101% Inventories 8,471 7,209 8,370 8,665 8,435 3% 8,665 7,209 20% Trade receivables 3,500 3,652 3,862 3,902 3,765 4% 3,902 3,652 7% Cash and cash equivalents 7,670 8,550 8,711 8,245 6,784 22% 8,245 8,550 -4% Marketable debt securities and similar investments 2,572 2,725 3,030 2,491 1,923 30% 2,491 2,725 -9% t/o current 2,468 2,630 2,925 2,375 1,814 31% 2,375 2,630 -10% t/o non-current 104 95 104 116 109 6% 116 95 22% Other financial assets 2,020 1,733 1,739 1,321 1,937 -32% 1,321 1,733 -24% Other assets 4,469 4,299 4,270 4,307 4,461 -3% 4,307 4,299 0% Assets held for sale 3,335 3,478 3,797 679 3,487 -81% 679 3,478 -80% Total assets 71,931 72,530 74,651 72,632 71,429 2% 72,632 72,530 0% Equity and liabilities Equity 21,547 22,068 22,448 22,938 21,086 9% 22,938 22,068 4% Provisions 5,962 5,984 5,923 5,797 5,965 -3% 5,797 5,984 -3% Financing liabilities 29,417 29,194 29,921 29,136 28,670 2% 29,136 29,194 0% t/o current 7,148 8,767 9,247 10,312 8,383 23% 10,312 8,767 18% t/o non-current 22,269 20,426 20,674 18,824 20,287 -7% 18,824 20,426 -8% Trade payables 3,884 3,794 4,425 4,888 4,231 16% 4,888 3,794 29% Other financial liabilities 3,955 3,797 3,860 3,860 4,242 -9% 3,860 3,797 2% Contract and refund liabilities 3,766 4,015 4,087 4,054 3,784 7% 4,054 4,015 1% Other liabilities 1,999 2,079 2,009 1,959 2,045 -4% 1,959 2,079 -6% Liabilities related to assets held for sale 1,401 1,600 1,976 - 1,405 - - 1,600 - Total equity and liabilities 71,931 72,530 74,651 72,632 71,429 2% 72,632 72,530 0% 3. Condensed Statement of Cash Flows of Daimler Truck Group* Q1-3 Q1-4 Q1 Q1-2 In €m 2025 2025 2026 2026 2025 Change Cash and cash equivalents at beginning of period 6,553 6,553 8,648 8,648 6,553 32% Profit before income taxes 2,272 3,008 366 2,159 1,607 34% Depreciation and amortization/impairments 816 1,075 253 510 569 -10% Oth. non-cash expense/inc. & gains/losses on disposals of assets 269 328 242 -485 225 - Change in operating assets and liabilities t/o Inventories -1,041 194 -1,153 -1,466 -894 64% t/o Trade receivables 89 -153 -133 -24 -155 85% t/o Trade payables 103 165 508 823 457 80% t/o Receivables from Financial Services 1,298 828 451 -45 348 - t/o Vehicles on operating leases 162 14 14 -17 148 - t/o Other operating assets and liabilities -705 -321 -179 -492 -476 3% Dividends received from equity-method investments 6 6 - 3 4 -31% Income taxes paid -733 -808 -107 -245 -569 -57% Cash used for/provided by operating activities 2,538 4,336 260 721 1,263 43% Additions to property, plant and equipment -630 -1,117 -143 -379 -351 8% Additions to intangible assets -281 -358 -54 -108 -203 -47% Proceeds from the disposal of discontinued operations net of cash and cash equivalents disposed of - - - 1,178 - - Investments in and proceeds from disposals of shareholdings -150 -313 -24 -84 -98 14% Acquisitions and sales of marketable debt securities and similar investments -408 -559 -203 360 204 77% Other 173 205 -12 -18 170 - Cash used for/provided by investing activities -1,297 -2,142 -436 949 -278 - Change in financing liabilities 2,720 2,673 494 -507 2,023 - Dividends paid -1,637 -1,654 -47 -1,498 -1,600 -6% Acquisition of treasury shares -616 -616 -51 -214 -532 -60% Internal equity and financing transactions 0 0 0 0 0 - Cash used for/provided by financing activities 467 403 396 -2,219 -110 - Effect of foreign exchange rate changes on cash & cash equivalents -507 -502 101 146 -489 - Cash and cash equivalents at end of period 7,753 8,648 8,969 8,245 6,939 19% * Of continuing and discontinued operations. 1. Summary Income Statement of the Industrial Business Q3 Q4 Q1 Q2 Q1-2 FY In €m 2025 2025 2026 2026 2025 Change 2026 2025 Change 2025 Production (in units) 72,839 74,650 77,391 87,508 83,561 5% 164,899 164,186 0% 311,675 Incoming orders (in units) 64,412 104,764 114,043 74,448 58,517 27% 188,491 134,739 40% 303,915 Zero-Emission-Vehicles (ZEV) 1,064 1,188 1,149 1,249 664 88% 2,398 1,826 31% 4,078 Unit sales 72,277 85,961 68,849 86,707 80,607 8% 155,556 156,365 -1% 314,603 Zero-Emission-Vehicles (ZEV) 1,679 1,966 742 1,405 1,162 21% 2,147 1,752 23% 5,397 Book-to-bill ratio (in %) 89 122 166 86 73 - 121 86 - 97 Revenue 9,695 10,921 9,142 11,417 10,821 6% 20,559 21,438 -4% 42,054 Cost of sales -7,959 -8,861 -7,497 -9,379 -8,789 -7% -16,876 -17,066 1% -33,886 Gross profit 1,736 2,060 1,645 2,038 2,033 0% 3,683 4,372 -16% 8,168 Selling expenses -559 -689 -546 -560 -548 -2% -1,106 -1,136 3% -2,384 General administrative expenses -293 -261 -297 -285 -465 39% -583 -875 33% -1,429 Research and non-capitalized development costs -444 -465 -440 -481 -727 34% -921 -1,205 24% -2,115 Other operating income 136 172 158 120 212 -43% 278 339 -18% 648 Other operating expense -22 -118 -30 -243 -71 -244% -273 -97 -181% -237 Result from equity-method investments, net -40 -55 -240 -262 -39 -571% -501 -69 -625% -164 Other financial income/expense, net 0 -13 3 -25 -18 -36% -21 0 - -14 EBIT 513 631 253 302 376 -20% 555 1,329 -58% 2,472 ROS (in %) 5.3 5.8 2.8 2.6 3.5 - 2.7 6.2 - 5.9 Legal proceedings and related measures 44 31 - - - - - - - 76 Restructuring measures 1 -9 - - 339 - - 339 - 331 M&A-related matters 41 48 206 478 65 631% 684 136 403% 226 Other - - - - 218 - - 218 - 218 Adj. EBIT 600 702 460 780 998 -22% 1,239 2,022 -39% 3,323 Adj. ROS (in %) 6.2 6.4 5.0 6.8 9.2 - 6.0 9.4 - 7.9 2. Summary Cash Flow Statement of the Industrial Business* Q3 Q4 Q1 Q2 Q1-2 FY In €m 2025 2025 2026 2026 2025 Change 2026 2025 Change 2025 Cash flows from operating activities 440 2,529 -205 938 350 168% 734 743 -1% 3,712 Cash flows from investing activities -1,013 -842 -432 1,388 1,153 20% 956 -269 - -2,124 Change in marketable debt securities and similar investments 611 149 201 -565 -1,303 57% -364 -206 -76% 553 Right-of-use assets -42 -102 -78 -21 -58 64% -99 -93 -7% -237 Other adjustments 29 13 69 22 -123 - 91 -122 - -80 Free cash flow of the Industrial Business 24 1,747 -445 1,762 20 - 1,318 53 - 1,824 Net profit (Group) 458 467 194 1,468 310 374% 1,662 1,108 50% 2,033 Cash conversion rate** 0.1 3.7 -2.3 1.2 0.1 - 0.8 0.0 - 0.9 Net liquidity at the beginning of the period 5,926 5,878 7,670 7,143 7,931 -10% 7,670 8,558 -10% 8,558 FCF 24 1,747 -445 1,762 20 - 1,318 53 - 1,824 t/o working capital -121 905 -672 69 -460 - -602 -764 21% 20 Other -71 45 -83 -563 -2,025 72% -646 -2,685 76% -2,711 t/o dividends Daimler Truck Holding AG - - - -1,451 -1,462 1% -1,451 -1,462 1% -1,462 t/o acquisition of treasury shares -83 - -51 -163 -326 50% -214 -532 60% -616 Net liquidity at the end of the period 5,878 7,670 7,143 8,342 5,926 41% 8,342 5,926 41% 7,670 * Of continuing and discontinued operations. ** Effective from January 01, 2026, the cash conversation rate (CCR) is calculated from the ratio of the Free Cash Flow of the Industrial Business to the Net profit of the Group. DAIMLER TRUCK Industrial Business 3. Return on Capital Employed of the Industrial Business* Q1-3 Q1-4 Q1 Q1-2 In €m 2025 2025 2026 2026 2025 Change EBIT 2,115 2,788 315 2,015 1,504 34% Intangible assets 2,981 3,015 3,041 2,801 2,944 -5% Property, plant and equipment 7,995 8,218 8,274 7,051 7,943 -11% Inventories 9,448 8,134 9,388 8,585 9,355 -8% Trade receivables 3,484 3,844 3,910 3,413 3,878 -12% Other assets 4,656 4,610 4,445 5,771 4,774 21% Operating assets** 28,564 27,821 29,059 27,621 28,894 -4% Trade payables 4,338 4,341 4,899 4,751 4,718 1% Other liabilities 13,145 13,449 13,381 12,859 13,508 -5% Operating liabilities** 17,483 17,791 18,280 17,609 18,226 -3% Operating net assets** 11,081 10,030 10,779 10,012 10,668 -6% Average operating net assets** 10,626 10,608 10,405 10,400 10,502 -1% Return on capital employed of the Industrial Business (in %) 26.5 26.3 12.1 38.8 28.6 - * Of continuing and discontinued operations. ** The operating net assets are calculated on the basis of the values at the end of each quarter. Liquidity as well as income taxes and pensions are not included in the calculation of the operating net assets. Including assets and liabilities held for sale. 4. Condensed Statement of Financial Position of the Industrial Business Sept. 30 Dec. 31 Mar. 31 Jun. 30 Jun. 30 Dec. 31 In €m 2025 2025 2026 2026 2025 Change 2026 2025 Change Assets Intangible assets 2,676 2,720 2,755 2,801 2,634 6% 2,801 2,720 3% Property, plant and equipment 6,692 6,939 6,981 7,051 6,619 7% 7,051 6,939 2% Equipment on operating leases 2,805 2,902 2,900 2,902 2,829 3% 2,902 2,902 0% Receivables from Financial Services -3 -10 -10 -8 -9 11% -8 -10 16% Equity-method investments 764 888 698 1,792 750 139% 1,792 888 102% Inventories 8,412 7,136 8,296 8,585 8,369 3% 8,585 7,136 20% Trade receivables 2,935 3,248 3,333 3,413 3,328 3% 3,413 3,248 5% Cash and cash equivalents 7,312 8,249 8,340 7,971 6,535 22% 7,971 8,249 -3% Marketable debt securities and similar investments 2,526 2,679 2,978 2,437 1,880 30% 2,437 2,679 -9% t/o current 2,468 2,630 2,925 2,375 1,814 31% 2,375 2,630 -10% t/o non-current 58 49 53 62 66 -6% 62 49 28% Other financial assets 827 455 475 88 798 -89% 88 455 -81% Other assets 3,241 2,961 2,928 3,006 3,283 -8% 3,006 2,961 1% Assets held for sale 3,335 3,478 3,797 679 3,487 -81% 679 3,478 -80% Total assets 41,524 41,646 43,472 40,718 40,501 1% 40,718 41,646 -2% Equity and liabilities Equity 18,573 19,103 19,375 19,783 18,162 9% 19,783 19,103 4% Provisions 5,805 5,835 5,767 5,647 5,813 -3% 5,647 5,835 -3% Financing liabilities 3,581 2,690 3,320 1,876 2,139 -12% 1,876 2,690 -30% t/o current -6,163 -5,988 -6,072 -5,258 -5,860 10% -5,258 -5,988 12% t/o non-current 9,744 8,677 9,392 7,134 8,000 -11% 7,134 8,677 -18% Trade payables 3,773 3,671 4,306 4,751 4,131 15% 4,751 3,671 29% Other financial liabilities 3,099 3,044 3,027 3,051 3,437 -11% 3,051 3,044 0% Contract and refund liabilities 3,765 4,014 4,086 4,052 3,783 7% 4,052 4,014 1% Other liabilities 1,526 1,688 1,615 1,557 1,632 -5% 1,557 1,688 -8% Liabilities related to assets held for sale 1,401 1,600 1,976 - 1,405 - - 1,600 - Total equity and liabilities 41,524 41,646 43,472 40,718 40,501 1% 40,718 41,646 -2% 5. Condensed Statement of Cash Flows of the Industrial Business* Q1-3 Q1-4 Q1 Q1-2 In €m 2025 2025 2026 2026 2025** Change Cash and cash equivalents at beginning of period 6,363 6,363 8,347 8,348 6,363 31% Profit before income taxes 2,163 2,853 328 2,063 1,538 34% Depreciation and amortization/impairments 795 1,054 247 499 558 -11% Oth. non-cash expense/inc. & gains/losses on disposals of assets 266 325 224 -509 227 - Change in operating assets and liabilities t/o Inventories -1,095 154 -1,153 -1,459 -941 -55% t/o Trade receivables 123 -271 -31 26 -274 - t/o Trade payables 87 136 512 831 451 84% t/o Receivables from financial services -7 5 -18 -18 -12 -51% t/o Vehicles on operating leases 306 379 61 155 201 -23% t/o Other operating assets and liabilities -791 -207 -306 -669 -494 -35% Dividends received from equity-method investments 6 6 - 3 4 -31% Income taxes paid -671 -723 -68 -189 -515 63% Cash flows from operating activities 1,183 3,712 -205 734 743 -1% Additions to property, plant and equipment -624 -1,106 -140 -374 -347 -8% Additions to intangible assets -272 -347 -52 -105 -197 47% Proceeds from the disposal of discontinued operations net of cash and cash equivalents disposed of - - - 1,178 - - Investments in and proceeds from disposals of shareholdings -150 -313 -24 -84 -98 14% Acquisitions and sales of market. debt securities and similar investments -404 -553 -201 364 206 76% Other 168 195 -15 -23 167 - Cash flows from investing activities -1,282 -2,124 -432 956 -269 - Change in financing liabilities 2,298 2,393 481 -303 1,334 - Dividends paid -1,637 -1,654 -47 -1,498 -1,600 6% Acquisition of treasury shares -616 -616 -51 -214 -532 60% Internal equity and financing transactions 1,583 767 408 -188 1,129 - Cash flows from financing activities 1,629 891 791 -2,202 330 - Effect of foreign exchange rate changes on cash & cash equivalents -497 -494 96 137 -477 - Cash and cash equivalents at end of period 7,396 8,348 8,598 7,971 6,690 19% * Of continuing and discontinued operations. ** Profit before income taxes from continuing and discontinued operations and other operating assets and liabilities for Industrial Business have been adjusted due to an insignificant error. Trucks North America 1. Key Figures and Ratios Q3 Q4 Q1 Q2 Q1-2 FY In €m 2025 2025 2026 2026 2025 Change 2026 2025 Change 2025 Production (in units) 28,108 33,235 31,775 42,269 38,635 9% 74,044 77,575 -5% 138,918 Incoming orders (in units) 26,168 52,293 59,195 35,379 13,842 156% 94,574 45,582 107% 124,043 Unit sales 30,225 34,017 29,432 41,687 38,580 8% 71,119 77,572 -8% 141,814 t/o North America* 30,066 33,866 29,377 41,468 38,366 8% 70,845 77,213 -8% 141,145 t/o USA 25,968 30,004 26,741 35,844 34,033 5% 62,585 67,432 -7% 123,404 Book-to-bill ratio (in %) 87 154 202 85 36 - 133 59 - 87 Investments PP&E 62 133 36 56 46 21% 92 89 3% 285 Research and development expenditure** 155 126 135 157 179 -12% 292 362 -19% 643 t/o capitalized development costs - - 0 - 20 - - 45 - 45 Capitalization ratio (in %) - - 0.0 - 11.2 - - 12.4 - 7.0 Revenue 3,996 4,235 3,838 5,182 5,086 2% 9,021 10,492 -14% 18,723 Cost of sales -3,425 -3,640 -3,325 -4,386 -4,076 -8% -7,710 -8,344 8% -15,409 Gross profit 571 596 514 796 1,010 -21% 1,310 2,148 -39% 3,314 Selling expenses -87 -109 -88 -112 -95 -18% -199 -196 -2% -393 General administrative expenses -79 -50 -88 -94 -124 25% -181 -246 27% -375 Research and non-capitalized development costs -155 -126 -135 -157 -307 49% -292 -465 37% -746 Others 4 -9 -194 1 19 -93% -193 35 - 30 EBIT 254 300 10 435 504 -14% 445 1,276 -65% 1,831 ROS (in %) 6.4 7.1 0.2 8.4 9.9 - 4.9 12.2 - 9.8 Legal proceedings and related measures - - - - - - - - - - Restructuring measures - - - - - - - - - - M&A-related matters 3 6 199 - 5 - 199 10 - 20 Other - - - - 148 - - 148 - 148 Adj. EBIT 257 307 209 435 657 -34% 644 1,434 -55% 1,998 Adj. ROS (in %) 6.4 7.2 5.4 8.4 12.9 - 7.1 13.7 - 10.7 * USA, Canada and Mexico. ** Excluding a special item in research and development costs of €148 million in the second quarter of 2025 from a non-cash derecognition of capitalized development costs due to the slower pace of transformation to battery-electric vehicles, especially in the US market. Mercedes-Benz Trucks 1. Key Figures and Ratios Q3 Q4 Q1 Q2 Q1-2 FY In €m 2025 2025 2026 2026 2025 Change 2026 2025 Change 2025 Production (in units) 37,528 35,561 39,843 39,135 37,374 5% 78,978 72,135 9% 145,224 Incoming orders (in units) 33,131 47,095 48,987 33,850 37,839 -11% 82,837 74,643 11% 154,869 t/o Zero-Emission-Vehicle (ZEV) 233 748 690 861 371 132% 1,551 1,035 50% 2,016 Unit sales 35,818 44,794 34,486 38,970 35,299 10% 73,456 65,944 11% 146,556 t/o EU30* 15,012 19,384 13,963 16,538 12,184 36% 30,501 23,446 30% 57,842 t/o Zero-Emission-Vehicle (ZEV) 1,011 1,270 445 901 451 100% 1,346 550 145% 2,831 t/o Germany 5,452 6,263 4,107 5,370 3,711 45% 9,477 7,639 24% 19,354 t/o Latin America** 9,911 9,242 7,687 9,447 9,889 -4% 17,134 17,313 -1% 36,466 t/o Brazil 6,664 6,861 5,685 6,802 7,051 -4% 12,487 12,495 0% 26,020 t/o Asia 6,189 9,477 8,241 7,169 7,408 -3% 15,410 14,760 4% 30,426 t/o India 4,898 6,325 6,915 5,550 5,403 3% 12,465 11,133 12% 22,356 Book-to-bill ratio (in %) 92 105 142 87 107 - 113 113 - 106 Investments PP&E 162 232 74 142 84 69% 216 187 16% 580 Research and development expenditure*** 221 247 223 238 277 -14% 461 537 -14% 1,006 t/o capitalized development costs 47 36 29 26 49 -48% 55 107 -49% 189 Capitalization ratio (in %) 21.2 14.5 13.1 10.7 17.7 - 11.9 19.9 - 18.8 Revenue 4,886 5,616 4,605 5,318 4,826 10% 9,923 9,235 7% 19,738 Cost of sales -3,979 -4,362 -3,719 -4,341 -4,086 -6% -8,060 -7,566 -7% -15,907 Gross profit 907 1,255 886 977 740 32% 1,863 1,669 12% 3,831 Selling expenses -416 -565 -402 -371 -403 8% -772 -822 6% -1,802 General administrative expenses -139 -174 -130 -151 -254 41% -281 -420 33% -733 Research and non-capitalized development costs -174 -211 -194 -212 -298 29% -406 -501 19% -886 Others 105 65 65 67 56 19% 132 119 11% 288 EBIT 283 370 225 311 -158 - 536 45 - 698 ROS (in %) 5.8 6.6 4.9 5.8 -3.3 - 5.4 0.5 - 3.5 Legal proceedings and related measures - - - - - - - - - - Restructuring measures 1 -9 - - 339 - - 339 - 331 M&A-related matters 34 30 7 6 31 -79% 14 67 -79% 131 Other - - - - 70 - - 70 - 70 Adj. EBIT 319 391 233 317 283 12% 550 521 6% 1,230 Adj. ROS (in %) 6.5 7.0 5.1 6.0 5.9 - 5.5 5.6 - 6.2 * European Union, United Kingdom, Switzerland and Norway. ** Excluding Mexico. *** Excluding a special item in research and development costs of €70 million in the second quarter of 2025 from a non-cash derecognition of capitalized development costs due to the slower pace of transformation to battery-electric vehicles, especially in the US market. Daimler Buses 1. Key Figures and Ratios Q3 Q4 Q1 Q2 Q1-2 FY In €m 2025 2025 2026 2026 2025 Change 2026 2025 Change 2025 Production (in units) 7,203 5,854 5,773 6,104 7,552 -19% 11,877 14,476 -18% 27,533 Incoming orders (in units) 5,196 5,431 5,939 5,284 7,027 -25% 11,223 14,991 -25% 25,618 Unit sales 6,443 7,315 4,972 6,132 7,027 -13% 11,104 13,233 -16% 26,991 t/o EU30* 2,064 3,094 1,698 2,181 2,189 0% 3,879 3,893 0% 9,051 t/o Germany 763 1,093 572 794 755 5% 1,366 1,351 1% 3,207 t/o North America** 460 623 244 460 505 -9% 704 1,252 -44% 2,335 t/o Latin America 3,511 2,834 2,678 2,980 3,781 -21% 5,658 7,171 -21% 13,516 t/o Brazil 2,521 2,098 2,083 2,252 2,752 -18% 4,335 5,334 -19% 9,953 t/o Asia 21 160 44 145 5 - 189 35 440% 216 Book-to-bill ratio (in %) 81 74 119 86 100 - 101 113 - 95 Investments PP&E 38 73 22 34 19 80% 57 41 40% 152 Research development expenditure 49 62 65 58 55 6% 122 106 15% 218 t/o capitalized development costs 8 13 11 11 6 79% 22 10 124% 31 Capitalization ratio (in %) 16.8 21.0 16.6 18.7 11.0 - 17.6 9.1 - 14.2 Revenue 1,402 1,759 1,243 1,556 1,467 6% 2,800 2,802 0% 5,963 Cost of sales -1,123 -1,386 -960 -1,238 -1,169 -6% -2,198 -2,223 1% -4,732 Gross profit 279 373 283 318 298 7% 602 579 4% 1,231 Selling expenses -71 -93 -76 -77 -72 -8% -154 -143 -8% -307 General administrative expenses -41 -45 -49 -52 -50 -5% -101 -99 -2% -185 Research and non-capitalized development costs -41 -49 -54 -47 -49 3% -101 -97 -4% -187 Others 10 2 3 8 17 -55% 11 30 -65% 42 EBIT 136 187 107 150 145 3% 257 271 -5% 594 ROS (in %) 9.7 10.7 8.6 9.6 9.9 - 9.2 9.7 - 10.0 Legal proceedings and related measures - - - - - - - - - - Restructuring measures - - - - - - - - - - M&A-related matters 1 2 - - 2 - - 2 - 5 Adj. EBIT 137 189 107 150 147 2% 257 273 -6% 599 Adj. ROS (in %) 9.8 10.7 8.6 9.6 10.0 - 9.2 9.7 - 10.0 * European Union, United Kingdom, Switzerland and Norway. ** USA, Canada and Mexico. Financial Services 1. Key Figures and Ratios Q3 Q4 Q1 Q2 Q1-2 FY In €m 2025 2025 2026 2026 2025 Change 2026 2025 Change 2025 New business 2,435 2,735 2,170 2,628 2,521 4% 4,799 4,803 0% 9,973 Penetration rate (in %) 24.1 22.8 20.9 23.4 22.8 - 22.1 21.8 - 22.7 Revenue 856 876 839 876 853 3% 1,715 1,744 -2% 3,476 EBIT 41 46 39 58 20 198% 97 70 38% 157 Legal proceedings and related measures - - - - - - - - - - Restructuring measures 5 6 - - 3 - - 6 - 18 M&A-related matters 2 2 - - 1 - - 2 - 6 Adj. EBIT 48 54 39 58 23 151% 97 79 23% 181 Q1-3 Q1-4 Q1 Q1-2 FY In €m 2025 2025 2026 2026 2025 Change 2025 EBIT (year-to-date) 111 157 39 97 70 38% 157 Equity (quarterly average, year-to-date) 2,981 2,979 3,019 3,067 2,998 2% 2,979 RoE (in %, year-to-date) 5.0 5.3 5.1 6.3 4.7 - 5.3 Adj. EBIT (year-to-date) 127 181 39 97 79 23% 181 Adj. ROE (in %, year-to-date) 5.7 6.1 5.1 6.3 5.2 - 6.1 Contract volume (end of period) 29,044 29,539 29,874 30,693 29,539* 4% 29,539 Equity (end of period) 2,974 2,965 3,073 3,155.0 2,965* 6% 2,965 * End of Q4 2025. Capital Structure 1. Group Liquidity* Sept. 30 Dec. 31 Mar. 31 Jun. 30 Jun. 30 Dec. 31 In €m 2025 2025 2026 2026 2025 Change 2026 2025 Change Group liquidity t/o Cash and cash equivalents 7,753 8,648 8,969 8,245 6,939 19% 8,245 8,648 -5 % t/o Marketable debt securities and similar investments 2,572 2,725 3,030 2,491 1,923 30% 2,491 2,725 -9 % Group gross liquidity 10,325 11,373 11,999 10,736 8,862 21% 10,736 11,373 -6% Total financing liabilities -29,879 -29,860 -31,036 -29,327 -29,175 -1% -29,327 -29,860 2% Group net debt -19,554 -18,488 -19,037 -18,591 -20,313 8% -18,591 -18,488 -1% * Of continuing and discontinued operations. 2. Industrial Liquidity* Sept. 30 Dec. 31 Mar. 31 Jun. 30 Jun. 30 Dec. 31 In €m 2025 2025 2026 2026 2025 Change 2026 2025 Change Liquidity of the Industrial Business t/o Cash and cash equivalents 7,396 8,348 8,598 7,971 6,690 19 % 7,971 8,348 -5% t/o Marketable debt securities and similar investments 2,526 2,679 2,978 2,437 1,880 30 % 2,437 2,679 -9% Gross liquidity of the Industrial Business 9,921 11,026 11,576 10,408 8,570 21% 10,408 11,026 -6% Financing liabilities (nominal) -4,043 -3,356 -4,434 -2,067 -2,644 22 % -2,067 -3,356 38% Net liquidity of the Industrial Business 5,878 7,670 7,143 8,342 5,926 41% 8,342 7,670 9% * Of continuing and discontinued operations. 3. Pension benefits Sept. 30 Dec. 31 Mar. 31 Jun. 30 Jun. 30 Dec. 31 In €m 2025 2025 2026 2026 2025 Change 2026 2025 Change Pension benefits Benefit obligations -5,917 -5,441 -5,405 -5,516 -5,836 5% -5,516 -5,441 -1% Plan assets 5,674 5,329 5,269 5,498 5,561 -1% 5,498 5,329 3% Funded status -242 -112 -135 -17 -276 94% -17 -112 85% Funding ratio (in %) 95.9 97.9 97.5 99.7 95.3 - 99.7 97.9 - Attention : This is an excerpt of the original content. To continue reading it, access the original document here .

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