Financial report
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Sustainability report
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Letter to our shareholders
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Table of Contents
Letter to our shareholders | 3 | Corporate governance | 112 |
Shareholders | 114 | ||
About Melexis | 5 | Management structure | 114 |
Our sites worldwide | 7 | Board of Directors | 114 |
Melexis in 2025 | 8 | Committees | 118 |
Executive Management | 119 | ||
What we do | 9 | Remuneration report | 120 |
We innovate for our customers | 10 | Policy on certain transactions | 124 |
Our solutions | 13 | Internal control and risk assessment | 124 |
What we stand for | 17 | procedures in relation to financial reporting Elements pertinent to a take-over bid | 125 |
Our guiding principles | 18 | Auditor | 126 |
Our strategy | 19 | Compliance with the 2020 Belgian Code on Corporate Governance | 126 |
Strategy in context | 20 | ||
Our Strategy House | 21 | Financial report | 128 |
Why we exist | 21 | ||
How we win | 21 | Shareholder information | 170 |
Where we play | 23 | ||
What we execute | 25 | Excerpts from the Melexis NV statutory | 173 |
Sustainability report | 27 | Appendix | 177 |
Letter from the ESG Committee | 28 | Our industry associations | 178 |
General disclosures | 30 | Glossary | 179 |
Environment | 55 | Locations | 180 |
EU Taxonomy | 78 | List of used acronyms | 181 |
Social | 85 | Statutory auditor's report | 182 |
Governance | 104 | About this report | 198 |
Table of contents
At a glance
About Melexis
Sustainability report
Financial report
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governance Appendix
Letter to our shareholders Key figures Shareholder information
Letter to our shareholders
Dear Melexis shareholder,
Melexis is a global leader in designing and delivering innovative sensor and driver solutions, primarily for the automotive sector based on a long-term vision: the automobile would evolve from a purely mechanical device into a highly advanced system where semiconductors enable safer, more efficient, and more comfortable mobility. For more than 35 years we have been a driving force behind the structural growth of semiconductor content in vehicles. Today the semiconductor content-per-vehicle continues to accelerate despite global auto production volumes below their 2017 peak. Each new generation of automobiles unlocks expanding applications for our technologies, and we expect the ongoing electrification of the auto industry will create substantial opportunities and fuel future growth.
The automotive industry is undergoing profound changes which are visibly accelerating. The advent and growth of powertrains based on electric motors has resulted in new vehicle manufacturers competing with established companies, as well as new ways of working requiring different skills and approaches. We are actively capturing the new opportunities presented by these changes.
Turning to the past year, 2025 saw an uneven recovery in our primary end market, the automotive industry. Geopolitics are challenging the global trading system created over decades, requiring companies to rethink their supply chains and consider how to make them more resilient. Demand was impacted by automotive customers working through their inventories and remains cautious with shorter-term order patterns. In this challenging and unstable environment, 2025 sales were EUR 840 million, a decrease of 10% compared to the previous year. Sales in
Asia Pacific year-on-year outperformed and represented 64% of group sales, the highest ever. From a product perspective, motor drivers and inductive position sensors outperformed group sales. While the gross profit margin of nearly 39% and operating margin of 16% was below our long-term objectives, we executed our cost improvement roadmap which is expected to contribute to better margins in 2026.
We mark four years of conflict in Ukraine, and remain deeply mindful of the ongoing challenges facing our colleagues and their families, while honoring the extraordinary resilience they demonstrate every day. This enduring commitment is shown by the successful conclusion of the product development cycle for a key customer, enabling transition of the product into its production phase.
Executing a sharpened strategy
In 2025 we sharpened our strategy with the overarching goal of leading in sensors and drivers in an electrified and robotized world. This is built on three long-standing pillars of technology leadership, customer intimacy and our asset-light fabless model, and adds a fourth pillar: offering system solutions such as mechatronic modules and complex packaging. These four pillars are complementary and allow us to develop our product portfolio to drive the success of our customers.
We made solid progress on our strategic objectives. Our commercial programs, with a specific focus on China and India, were intensified to further improve our market positions in these key markets. Specifically in China, we made important strides in implementing our strategy which will progressively include local wafer supply, packaging and testing. These steps will bring us closer to customers and allow faster response to their needs.
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About Melexis
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governance Appendix
Letter to our shareholders Key figures Shareholder information
We worked on optimizing our operations throughout 2025 to be well positioned for the next phase of growth. For example, we are growing our operations in Kuching, Malaysia to be closer to customers in Asia Pacific which represent more than 60% of Melexis sales. Our strategy to build a more resilient supply chain, including wafer supply diversification continued, giving us more agility in today's dynamic trading environment.
We also took important steps to upgrade our leadership, including the hiring of Maxine Moor as Chief Operating Officer and Executive Team member. Furthermore, as vehicles and edge devices become increasingly complex, we added new software and mechanical competencies to complement our core semiconductor expertise.
Melexis is sustainable by design. In 2025 we worked to strengthen our sustainability strategy, including completing initial Product Carbon Footprint (PCF) calculations, launching products which enable our customers to create systems with fewer components and less material usage, and building further on our inclusive company culture.
A strong year of product launches and design wins to drive future growth
The success of Melexis relies on leveraging our technology leadership to anticipate and meet our customers' needs, and grow their business. I am very proud to share that, for the second year in a row, we achieved a high number of product launches, introducing 19 new products in 2025. Nearly half of these new product launches were designed for applications outside of the automotive sector, confirming our aim to capture substantial growth in these adjacent markets.
Highlights for the year included an inductive position sensor designed for next-generation automotive applications, which is particularly well-suited for modern steer-by-wire and braking implementations. We also established our newest product line-protective devices-building on our motor control and current sensing expertise. Our first product in this family, an integrated "snubber", extends EV driving range by protecting and optimizing the performance of silicon carbide (SiC) power modules used in high-voltage applications. Furthermore, we continued to lead
innovation in automotive ambient lighting with a code-free driver that significantly streamlines the development cycle and lowers the barrier to entry for our customers.
Outside of automotive we introduced several new products for the smart industrial, consumer, and robotics sectors. For example, we launched a thermographic infrared sensor to enhance safety and performance in industrial and AI-driven applications, an embedded motor driver for server cooling and smart valves, and an inductive position sensor to provide high-precision feedback for applications such as robotic joint control. The robotics market is the latest example of how Melexis enables Physical AI to deliver tangible benefits, by perceiving and physically interacting with the real world. Of course this is what we have been doing since our inception. The increasing use of robots has substantial potential for our existing product portfolio, which we are very excited to extend with a unique module solution incorporating tactile sensors, answering an unmet need: giving robots the sense of touch.
Structural growth of product launches continues to create new business and 2025 was no exception. We significantly increased the amount of customer opportunities, led by China, Europe, and South Korea.
Converting innovations into opportunities and then design wins drives future sales, and our teams finished the year strong in this regard. During the year, major achievements included a motor driver specifically designed for the 48V architecture of EV automobiles increasingly demanded by customers, and a significant win with a high number of inductive position sensors per robot, demonstrating Melexis's contribution to maturing Physical AI applications. Progress on these key metrics positions us very well for the future.
Dividend
The Board of Directors proposed to the annual shareholders' meeting a total dividend of EUR 3.70 gross per share over the result of 2025, stable compared with 2024.
Looking forward
While cycles are temporary, structural growth drivers endure. During the recovery phase of the current industry cycle, we can leverage a strategic asset - our inventory which is consciously built to serve customers even at short notice, while remaining disciplined in executing our cost improvement roadmap to improve profitability.
In parallel we maintain our focus on the long term. Our first priority remains to accelerate our innovation flywheel, playing into structural market trends such as battery integrity, a foundational requirement for end user trust and large-scale adoption. For example, we work to address critical challenges for our customers with two disruptive solutions: gas sensing for early detection of battery overheating, and strain sensing technologies to detect battery deformation, to extend the battery's useful life and preserve the value of the automobile.
We continue to strengthen our commercial teams and streamline our supply chain to be more resilient and efficient. We will continue to manage the present and prepare the future, in order to lead in sensors and drivers in an electrified and robotized world.
I wish to thank our employees, customers, suppliers, investors, and partners for their trust and support.
Yours sincerely, Marc Biron
On behalf of the entire Melexis team
Table of contents
At a glance
About Melexis
Sustainability report
Financial report
Corporate
5
governance Appendix
About Melexis
Who we are
6Our sites worldwide
7Melexis in 2025
8Table of contents
At a glance
About Melexis
Sustainability report
Financial report
Corporate
6
governance Appendix
Who we are What we do What we stand for Our strategy
Who we are
Melexis is a limited liability company headquartered in Ieper, Belgium, and incorporated under Belgian law.
Melexis designs, develops, and delivers edge sensor and driver solutions with a heart for people and planet.
We sell our products to a worldwide customer base. This introductory chapter provides an organizational profile of Melexis.
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Our sites worldwide
United States / San Jose
S&A
United States / Novi
S&A
Belgium / Tessenderlo-Ham
S&A R&D
Belgium / Ieper
S&A M R&D
Germany / Düsseldorf
R&D
Germany / Erfurt
S&A M R&D
Germany / Dresden
S&A R&D
Greater China / Shenzhen
S&A
Greater China / Shanghai
S&A
Greater China / Taipei
S&A
3
Continents
Locations France / Corbeil-Essonnes
20
M
France / Paris
Ukraine / Kyiv
R&D
Bulgaria / Sofia
Malaysia / Kuching
Japan / Yokohama
S&A Sales & Applications
M Manufacturing
R&D Research & Development
S&A R&D
France / Sophia Antipolis
S&A R&D
M R&D
Switzerland / Bevaix
S&A R&D
M R&D
Philippines / Manila
R&D
S&A
South Korea / Seongnam
S&A
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Melexis in 2025
Revenue
839,617
in 1,000 €
Gross profit
324,009
in 1,000 €
EBITDA
187,302
in 1,000 €
EBIT
133,963
in 1,000 €
Net income
112,505
in 1,000 €
Dividend
in €
3.70
Revenue
in 1,000 €
836,157
643,786
964,298 932,808
839,617
Gross profit
in 1,000 €
440,220
374,679
273,601
401,351
324,009
EBITDA
in 1,000 €
271,695
193,240
306,407
267,630
187,302
EBIT
in 1,000 €
226,528
148,448
261,250
219,889
133,963
Net income
in 1,000 €
209,463
197,153
131,108
171,446
112,505
Dividend
in €
2.6
2.2
3.5
3.7 3.7
2021 2022 2023 2024 2025
2021 2022 2023 2024 2025
2021 2022 2023 2024 2025
2021 2022 2023 2024 2025
2021 2022 2023 2024 2025
2021 2022 2023 2024 2025
We refer to our Glossary for more information on the underlying calculations of these key figures.
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What we do
We innovate for our customers
10Our solutions
13Table of contents
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Who we are What we do What we stand for Our strategy
What we do
We innovate for our customersWe sense and drive the world around us
As a fabless semiconductor company, we engineer integrated sensor and driver solutions. We specialize in providing cutting-edge technology that enables machines and devices to interact with their environment in a smarter, safer, and more sustainable way.
We cater to diverse markets
While automotive remains our primary market, our commitment to innovation extends to various sectors, including robotics, alternative mobility, digital health and sustainable automation, and infrastructure. By leveraging our core competencies and expanding our product portfolio, we are well-positioned to capitalize on emerging opportunities in these high-growth markets.
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What we do
Wafer TestDefine Design Layout Partially outsourced
Partially outsourced
Final Test IC-based solutions are everywhereTo guarantee that the chip perfectly aligns with our customers' needs, we meticulously clarify every detail regarding its functions and operating parameters.
From architecture definition and component-level selection to rigorous simulation, our engineers create virtual integrated circuits that perform flawlessly.
Our layout engineers arrange the conceptual blocks so the integrated circuit can be physically produced. Like a microscopic Lego construction, each individual block is optimized and combined in order to minimize the total chip area.
Wafer testing, also known as probing, is done to guarantee the proper functionality of every chip we produced. This sophisticated process requires tiny needles that electrically connect each circuit to a tester.
Further testing is conducted to ensure the integrity of the final product. Every chip undergoes rigorous examination again, facing various conditions, including different temperatures, applicative stresses and more.
Every IC-based solution has its own story to live. Melexis makes unique IC-based solutions that sense the real world and drive the right e-motions.
Outsourced
Produce: wafers
Outsourced
Encapsulate
The final layout is sent to a wafer fab, where photolithography is used to build multiple ICs on a silicon wafer. This process transforms high-purity sand into cutting-edge technology.
Wafers are sliced into individual dies, then assembled and bonded into protective packages. This housing shields the silicon, guaranteeing long-term reliability in real-world environments.
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Who we are What we do What we stand for Our strategy
Our product launches in 2025
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Our solutionsAt Melexis, we set ourselves apart by designing integrated solutions that combine sensing, processing, driving and communicating on a single chip. This approach simplifies electronic systems, reduces complexity, and enhances overall performance.
Our mixed-signal expertise is at the heart of our product portfolio. Our advanced integrated circuits (ICs) bridge the gap between the physical and digital worlds, enabling seamless interaction with the environment. From capturing and processing analog physical signals with our smart sensors, to precisely controlling physical actuators through our drivers; our solutions provide the essential framework for Physical AI and empower intelligent and real-world interaction.
Magnetic position sensor ICs
We offer the market's most comprehensive range of contactless sensing solutions. Combining our deep expertise in standard Hall-effect technology with our unique Triaxis® innovations, we deliver the right level of precision for any application, from automotive safety systems to industrial robotics and consumer electronics.
Why Melexis? We provide unmatched versatility. Whether a customer needs a cost-effective sensor for a gaming controller or a high-end solution with stray field immunity for an EV, Melexis delivers. This broad competitive portfolio allows us to capture volume in established markets while using our premium technology to secure high-value wins in demanding markets.
Inductive position sensor ICs
We provide superior sensing solutions designed specifically for high-stakes environments. Leveraging our deep expertise in automotive functional safety, we deliver wear-free, high-precision, non-contact position sensing solutions for mission-critical reliability. These sensors are essential for advanced electric steering and braking systems in modern vehicles, as well as robotics joints.
Why Melexis? We master harsh environments. Our innovative digital architecture ensures high-speed measurement and strong immunity to electromagnetic interference (EMI). Whether for an electric traction motor or a complex braking system, Melexis delivers the robustness required for extreme conditions, backed by the comprehensive design support customers need to integrate these solutions seamlessly.
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Latch and switch ICs
We offer a versatile portfolio of magnetic and inductive switching solutions tailored for robust performance. By combining standard Hall-effect sensors with our unique Triaxis® technology and Induxis® inductive platform, we deliver contactless detection that serves a vast range of industries, from automotive e-latches and seatbelts to power tools and medical devices.
Why Melexis? We drive end-to-end system efficiency. Our numerous tailored solutions simplify mechanical assembly and reduce component counts for our customers. This focus on total cost of ownership and ease of integration makes Melexis the partner of choice for high-volume manufacturers seeking reliability without complexity.
Current sensor ICs
We offer a comprehensive portfolio of current sensing solutions, utilizing both Hall-effect (including our proprietary IMC-Hall®) and shunt technologies. This flexibility allows us to deliver the "fuel gauge" for the electric era, measuring power flow with exceptional precision across the entire vehicle powertrain, from the battery pack to the traction inverter, as well as in alternative electric mobility, renewable energy and energy storage systems.
Why Melexis? We drive efficiency. Accurate current sensing is critical for maximizing driving range, optimizing battery performance and ensuring safety. Our unique IMC-Hall® technology provides the high-voltage isolation required by modern Battery Management Systems (BMS), without the bulk or cost of traditional solutions. This technological edge positions Melexis as a vital partner for e-mobility OEMs racing to improve efficiency in battery usage and speed in battery charging.
Protective devices
We enable the next generation of power electronics with our new product line of protective devices. Our first product, an integrated Silicon RC Snubber, is designed specifically for high-voltage Silicon Carbide (SiC) power modules to resolve the critical power efficiency trade-off between switching speed and system stability. By integrating resistance and capacitance into a single monolithic chip, we provide a robust "shock absorber" for EV power electronic circuitry.
Why Melexis? We unlock the full potential of EV efficiency. As manufacturers push for faster switching to reduce losses and extend range, they face harmful voltage transients and spikes, and electromagnetic interference (EMI). Our silicon snubber solves this by absorbing parasitic energy, reducing switching losses by up to 50%. This breakthrough allows OEMs to safely adopt higher voltages (such as 800V architectures) and smaller, more efficient systems without compromising reliability, positioning Melexis as a fundamental partner in the future of e-mobility.
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Embedded motor driver ICs
Our intelligent motor drivers integrate power, control, and communication on a single chip. This all-in-one approach is essential for modern mechatronics, driving the critical flaps, valves, fans, and pumps found in automotive thermal management and air-conditioning systems. In 2025, we leveraged this expertise to launch new solutions that expand our high-efficiency motor control portfolio into robotics and industrial applications.
Why Melexis? We enable high-precision actuation at the edge. By embedding intelligence directly at the motor, we allow manufacturers to build smaller, quieter, and more energy-efficient actuators, a perfect fit for EVs and robots. We expand our portfolio with products dedicated to the 48V electrical architecture, the new standard for automotive and robotic systems. Our solutions reduce system cost and complexity, making Melexis a key enabler of both the ongoing Physical AI revolutions.
Smart driver ICs
We deliver highly integrated, code-free solutions for controlling single-phase motors. By embedding advanced algorithms directly into the chip, we ensure efficient and whisper-quiet operation for fans and pumps without the need for complex software development.
Why Melexis? We solve the noise and heat challenge. As electronics systems in cars or data servers become more powerful and power-hungry, they require active cooling that is both silent and reliable. Our smart drivers provide this "install-and-forget" simplicity. They offer a compact, cost-effective solution that guarantees best-in-class quality, making Melexis the go-to partner for cooling everything from gaming PCs to EV charging stations.
Embedded lighting ICs
Our embedded lighting drivers, featuring our proprietary MeLiBu® technology, transform standard vehicle lighting into dynamic, animated communication systems. By integrating power and control into a single chip, we enable the sophisticated ambient lighting that defines a modern experience, both inside the cockpit and outside the vehicle. Our code-free versions enable any manufacturer to implement advanced lighting applications without requiring complex software development.
Why Melexis? We make sophistication simple, elevating the comfort aspect of lighting and extending further as a safety feature. As lighting becomes functional, used for driver alerts and status warnings, reliability is non-negotiable. By combining best-in-class electromagnetic compatibility (EMC) robustness and safety compliance with a new "plug-and-light" architecture, we enable OEMs to deploy premium, animated lighting systems faster and more cost-effectively, accelerating our penetration into the automotive market.
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Tire monitoring sensor ICs
We are at the forefront of the "Smart Tire" revolution. Our highly integrated solutions combine pressure, temperature, and acceleration sensing with wireless communication into a single, ultra-low power chip. This technology does more than just warn drivers of low inflation pressure; it enables advanced tire health monitoring for cars, trucks, and future mobility fleets and thereby extending the useful life.
Why Melexis? We drive safety and efficiency. By delivering the market's lowest power consumption, we ensure these sensors operate reliably for the entire lifespan of the tire, a critical requirement for OEMs. Furthermore, our ability to integrate high-speed acceleration sensing unlocks new data on tire load and wear, positioning Melexis as a key enabler for the next generation of intelligent, connected vehicles.
Pressure sensor ICs
Our pressure sensors combine proven MEMS technology with our revolutionary Triphibian® housing innovation to deliver accurate measurement in the most demanding environments. We provide the critical data required for energy-efficient thermal management of EVs, industrial buildings and houses.
Why Melexis? We revolutionize reliability in harsh media. Our Triphibian® technology allows MEMS sensors to operate directly in liquids and corrosive environments without complex packaging.
This unique capability is a game-changer for monitoring refrigerant pressure and optimizing HVAC systems.
Temperature sensor ICs
Our portfolio of contactless temperature sensors ranges from single-point thermometers to advanced thermal arrays. Using infrared (IR) technology, we measure temperature instantly and without physical contact, serving diverse needs from EV power electronics to medical diagnostics and smart building management.
Why Melexis? We safeguard people's health and power electronics integrity. We provide the accurate and reliable thermal sensing required for medical grade devices and wearables. In the automotive sector, our sensors prevent the critical power components from leaving their optimal thermal window and degrading. This dual strength allows Melexis to capture value in both the fast-growing digital health market and the electric mobility sector.
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What we stand for
Our guiding principles
18The Melexis Way 18
The Melexis environmental policy 18
The Melexis Code of Conduct 18
Sustainability at heart 18
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Who we are What we do What we stand for Our strategy
Our guiding principlesThe Melexis Way
The Melexis values support our company's purpose (vision), they shape our culture and they reflect what we value as a company. These values are straightforward: we are on the customer's side, we always have a plan, we care, we understand the value of money and we enjoy the journey towards success. 'The Melexis Way' truly represents the essence of our identity and guides us in everything we do.
We are on the customer's side
We are rooting for our customers' success. We don't stop at engineering innovations for our customers, we feel part of their team and are with them all the way. The time we spend on-site at our customers offers us unbeatable industry insight. Experiencing our customers' challenges and understanding their perspective allows us to peer over the horizon of our industry to build future-proof innovations.
We always have a plan
We became leaders in the industry because we are not daunted by challenges. We love coming up with new ways to create value, whether it is by removing obstacles or by exploring new and exciting opportunities. We are proud to build the future alongside talented colleagues and customers. And even though we work in the most demanding industries and settings, we are low maintenance ourselves: you can count on us to be collaborative, patient and self-driven.
We care
For us, technology is about solving fundamental societal challenges. We think it takes all kinds of people to solve these challenges, so we actively strive to build a diverse team. We take nothing for granted, be it our people, our partners and customers, our planet or our resources. We attract and cultivate talent in an environment that values learning, growth, collaboration and continuous improvement.
We understand the value of money
We take pride in our track record as an industry leader in terms of innovation, operational excellence, growth and results. We remain committed to lean ways of working that have brought us where we are today. This way, we create enduring value for customers, shareholders and other stakeholders. Our close relationship with customers allows us to focus on engineering solutions that offer maximum added value, day after day.
We enjoy the journey towards success
We are privileged to work with people who bring enthusiasm and eagerness to the job, who are always willing to innovate, and who show confidence in their own and their teams' resourcefulness. We celebrate our victories, but we think it is even more important to enjoy the journey itself - we get a real sense of achievement from working towards audacious goals with a team we can rely on.
The Melexis environmental policy
At Melexis, we recognize that environmental sustainability is fundamental to realize our mission and ensure long-term business resilience. We are committed to shaping the best imaginable future through innovation with heart, which means continuously innovating and delivering smart technologies for a better world.
Our comprehensive Environmental policy helps us integrate this vision in our processes, products, and the value chain management.
The Melexis Code of Conduct
Melexis has outlined an ethical Code of Conduct to provide a clear and unambiguous reference for expected behavior during business activities. Melexis, our colleagues, the members of our Board and our Executive Management all follow this code of conduct as it sets out the responsibilities Melexis takes on in the workplace and in doing business with its partners. These responsibilities include rules on respect for human rights, anti-corruption and anti-bribery, anticompetitive behavior, health and safety, privacy and on many other crucial topics.
Sustainability at heart
Melexis is dedicated to positively impact and care for our various stakeholders, on an economic, environmental and social level. This commitment is reflected in our Supplier Code of Conduct, which governs ethical standards across our value chain, and our Melexis Inclusive Culture Policy, which fosters a diverse and supportive work environment. For more information on our sustainability initiatives, please refer to our Sustainability report.
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governance Appendix
Our strategy
Strategy in context
20Our Strategy House
21Why we exist
21How we win
21Where we play
23What we execute
26Table of contents
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Our strategy
Strategy in contextThe markets in which Melexis operates are undergoing profound structural change. Electrification, increased automation, and the growing role of intelligence at the edge, often referred to as Physical AI, are reshaping products, systems, and customer expectations across global markets. At the same time, our customers are operating in an environment of rising technical complexity, geopolitical uncertainty, and faster innovation cycles, increasing the need for resilience, predictability, and disciplined execution from technology partners.
Over the last three decades, as a fabless semiconductor company, Melexis has built a strong foundation through technology leadership, a steadily broadening portfolio of sensors and drivers integrated circuits (ICs), and deep, long-term customer relationships. This phase has been characterized by platform expansion, increasing system relevance, and rising semiconductor content per application.
Today, Melexis is amidst our next phase of development, where value creation increasingly comes from addressing a wider breadth of applications and delivering new value beyond standalone components.
Against this backdrop, our Melexis strategic framework provides clarity of direction and consistency of decision-making across the organization. Our strategy guides how we engage with our industries, where we focus our innovation efforts, and how we translate long-term structural trends into sustainable value creation for our customers and stakeholders.
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Our Strategy House Why we existTo bring this clarity and structure, we organize Melexis strategy into a 'Strategy House' that serves as our long-term North Star. The Strategy House provides a coherent view of why we exist, how we win, where we play, and what we execute, all underpinned by our company DNA and values to innovate with heart for the good of people and planet.
The Strategy House is not a static model. We designed it as a practical framework that connects purpose, strategic choices and execution priorities, ensuring alignment across the
company and enabling us to adapt to the needs of the markets we serve while staying true to our core strengths.
The Strategy House is also underpinned by a clear target operating model. Over the industry cycle, including periods of market expansion and normalization, Melexis targets high single-digit revenue growth, supported by a gross margin profile of around 45% and an EBIT margin of approximately 25%, balancing sustained innovation investment with a scalable fabless model.
Melexis is committed to turning deep technological expertise into solutions that address real-world challenges. We leverage a strong foundation in the design of sensors, drivers and integrated circuits (ICs) which can be applied across a broad range of applications.
These combine our hardware with embedded software and a deep domain understanding to help our customers innovate while managing increasing system complexity. This approach means we rarely start from scratch. By extending proven technologies and expertise into new application areas, we are able to innovate with speed and purpose, maximizing our chances of success and bringing meaningful advances to market efficiently.
From automotive systems to robotics and emerging applications, we solve complex engineering problems with reliable, scalable, and cost-effective solutions. We operate with a clear understanding of our strengths, which enables us to deliver differentiated performance while maintaining the discipline required to operate in demanding and safety-critical environments.
Innovation at Melexis is rooted in our expertise and ability to collaborate. Working side-by-side with our customers, partners, and leading research institutions enables us to build a strong and diverse innovation pipeline that translates ideas into products that people need in their daily lives. Ultimately, we innovate with heart for the good of people and planet by focusing our engineering capabilities where they can create lasting value and tangible impact.
How we winThe Melexis strategy is built around a set of clear and complementary pillars that define how we create value and sustain differentiation over the long term. These pillars translate our purpose into a competitive approach, guiding how we innovate, how we work with customers, and how we scale our capabilities across markets. Together, they enable us to compete effectively in complex and demanding environments while remaining focused on our strengths.
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Technology Leadership
Technology leadership is central to how Melexis creates durable differentiation. We focus on advancing sensors and drivers that deliver high performance, reliability, and efficiency in real-world conditions. Here, our deep expertise in mixed-signal design enables us to bridge the physical and digital domains, translating complex physical phenomena into accurate data and controlled action.
This leadership is built on a broad and differentiated technology base. Melexis develops and industrializes magnetic, inductive, pressure, current, and temperature sensing technologies alongside a broad portfolio of driver solutions for motors and lighting. These are supported by advanced integration features, functional safety capabilities, and a growing array of supporting software and design tools that enable engineers to address complex and mission-critical applications across multiple markets.
Platform execution and predictable industrialization lies at the core of our approach. We scale proven sensing and driver platforms across applications and end markets, then enhance performance generation after generation through design, packaging, and functionality improvements, which allows us to respond quickly to evolving customer requirements.
In practice, this has translated into a markedly higher product launch cadence. Where Melexis introduced an average of around seven new products per year between 2015 and 2019, this increased to approximately sixteen launches per year over the 2020-2024 period, with nineteen product launches in 2025. This progression reflects the transition from platform build-up to scalable execution, while maintaining long product lifecycles and industrial-grade reliability.
This increasing launch tempo is based on a robust innovation funnel, with typically 10-15 innovation and pre-development programs and 20-25 development programs initiated each year, ranging from long-term technology exploration and near-term product launch.
Our technology leadership is the result of sustained investment in research and development, a strong intellectual property position, and close interaction between engineering, application, and system teams. Supported by a portfolio of more than 400 patents and an average of around 40 new patent families filed annually, Melexis embeds innovation into our core platforms in a way that is mass-producible and aligned with real application needs, enabling durable long-term differentiation.
Customer intimacy
Customer intimacy is how we connect our innovations with customers so they can win in the market. We work closely with customers across the full lifecycle of their products, from early concept and design through industrialization and long-term production. This proximity enables us to understand application requirements in depth and to anticipate challenges of tomorrow before they arise.
By combining technical expertise with application and system knowledge, we are able to create solutions that address specific customer needs while remaining scalable across platforms. In many complex and performance-critical applications, our engineers work alongside customers to support architecture definition, component selection, and system validation, including in-depth technical analysis and simulation where required. This collaborative approach accelerates development cycles, reduces integration risk, and supports faster time to market for our customers.
This customer intimacy also underpins long-term partnerships. Through trust, consistency and responsiveness, Melexis is a reliable technology partner in demanding and fast-evolving markets. This deep engagement drives repeat business, creates direct feedback loops that inform our future innovation, and supports sustained adoption of our technologies within our customers' ecosystems.
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System solutions
System solutions are an increasingly important element of how Melexis creates value for customers. As applications grow in complexity, customers are looking beyond individual components toward solutions that are easier to integrate, faster to deploy, and optimized at system level.
When needed, this means being bold and moving beyond a standalone IC to deliver more complete and application-ready solutions that simplify system design and integration. Melexis designs solutions with the final application firmly in focus, integrating hardware with comprehensive software, tools, and proven design methodologies. This approach aims to cut down development time, minimize integration challenges, and speed up market entry, especially for demanding and high-performance applications.
By supporting customers across the development process, from product selection and configuration through simulation, validation and deployment, we enable them to focus on their end application while benefiting from proven solutions that can scale across platforms and markets.
Fabless model
Our Melexis fabless business model is a deliberate strategic choice that supports focus, scalability, and capital efficiency. It allows us to concentrate investment on what differentiates us most: mixed-signal design, system understanding, and application-driven innovation, while leveraging best-in-class manufacturing capabilities through a global partner ecosystem.
Working closely with a global network of manufacturing and packaging partners, we combine flexibility with high standards of quality, reliability, and supply assurance. This model allows us to leverage advanced manufacturing capabilities while maintaining the discipline and resilience required in safety-critical and high-volume markets.
The fabless model also supports a scalable, adaptable and capital-efficient approach to growth. It enables Melexis to adapt capacity, technologies and geographic footprint over time, ensuring longterm competitiveness while remaining focused on our core strengths.
Where we playMelexis focuses on markets where structural growth, increasing system complexity and stringent performance requirements create the greatest opportunity for differentiation. Our market choices are guided by a clear portfolio logic, and we concentrate our resources where our technology leadership, customer intimacy, and system know-how deliver the highest value for customers and support sustainable long-term growth.
Within this framework, automotive remains our core market, complemented by a set of high-growth adjacencies beyond automotive. These markets are unified by common characteristics: they are increasingly electrified, automated and intelligence-driven, and they rely on reliable, high-performance sensors and drivers at the system level.
Automotive
Automotive is the foundation of our business and will remain one of our core markets for the long term. The ongoing transformation of the automotive industry, driven by electrification, advanced driver assistance systems (ADAS), increased automation, and the shift toward software-defined vehicles (SDVs), continues to increase the importance and complexity of sensing and driver technologies.
Within automotive, Melexis concentrates on application areas where sensing and driver technologies play a critical role in system performance, safety and efficiency. These include powertrain, thermal management, chassis, and lighting. Across these domains, electrification and system integration are materially increasing semiconductor content per vehicle. New electric vehicle (EV) platforms typically incorporate at least 50% more semiconductor content than conventional ICE vehicles, with hybrid architectures driving even higher content growth as sensing, control, and power management requirements expand at the system level.
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Melexis technologies are embedded across the vehicle, powering the sensing and control functions that make these advancements possible. In particular:
Automotive Powertrain: current, position, and temperature sensing form part of sensing networks that enable precise motor control, energy management, and protection in high-voltage environments.
Automotive Thermal Management: temperature and pressure sensing technologies, including the breakthrough Triphibian™, support the monitoring and control of complex thermal architectures and heat pump systems, helping customers improve efficiency while reducing system complexity and development effort.
Automotive Chassis: braking and steering systems, including next-generation brake-by-wire and steer-by-wire architectures, rely on precise sensing technologies, such as Triaxis® or Melexis' inductive sensors, to provide the accurate, reliable feedback required for functional safety.
Automotive Lighting: across exterior and in-cabin applications, LED driver solutions ranging from LIN-based interfaces to MeLiBu® enable functional lighting as well as highly dynamic, animated lighting arrays that shape vehicle identity and user experience.
Melexis' position in automotive is built on deep domain knowledge, long-term customer relationships and a strong track record in delivering high-quality, automotive-grade solutions. Our technologies evolve in close collaboration with leading OEMs and Tier 1 suppliers and are designed to operate reliably in demanding environments, meeting the stringent standards required for safety-critical applications and enabling customers to manage growing system complexity with confidence.
The automotive domains where Melexis is most focused show strong structural growth, including EV powertrain and lighting applications growing at around 19% CAGR between 2025 and 2030, EV battery at around 10%, EV thermal management at around 9%, and e-braking and e-steering at around 7% over the same period. Taken together, these focus areas represent an addressable automotive market growing at an average rate of approximately 11% CAGR, driven by rising semiconductor content and increasing system complexity.
Automotive in China: Deep Local Roots in a Market Shaping Global Automotive
China has become a defining force in the global automotive industry, setting the pace for electrification, innovation, and platform evolution. Rapid development cycles, a greater focus on cost, and system-level integration requirements are reshaping how vehicles are designed and manufactured, with expectations that increasingly influence global automotive markets.
Melexis has been active in China for more than two decades and has built a strong, trusted position with both international and domestic OEMs and Tier 1 suppliers. Our quality track record, continuous product innovation, and long-standing customer relationships have enabled growing engagement across key automotive domains, including powertrain, thermal management, chassis, and lighting.
As the market accelerates, Melexis has entered a new phase of its China strategy, designed to compete at the speed of China while maintaining automotive-grade standards. We are strengthening local field presence and accelerating "China for China" localization across supply chain elements, including 12-inch wafer manufacturing at 90 nm, local packaging and logistics, and
outsourced assembly and test. Together, these elements improve responsiveness, shorten lead times, and enhance cost competitiveness in a fast-moving market.
By combining European design expertise with a locally embedded operating model, Melexis is well positioned to support Chinese OEMs as they scale rapidly and expand globally. Our ability to innovate continuously, execute reliably and operate close to customers reinforces China's role as a key contributor to Melexis' long-term automotive growth.
Outside Automotive
Alongside automotive, Melexis is expanding into other markets that offer strong structural growth and increasing system complexity. These activities represent a smaller but faster-growing part of the portfolio, with beyond-automotive applications expected to grow at a faster rate overall than automotive until 2030, driven by new product introductions and deeper market penetration.
Robotics: Enabling the Next Generation of Intelligent Automation
Robotics represents a natural extension of our expertise into a market that is still early in its adoption curve but is evolving rapidly. As robots move beyond fixed industrial environments into collaborative, mobile and service-oriented applications, system requirements are becoming more demanding. Precision, robustness, safety, and reliability, long-established expectations in automotive and industrial markets, are now equally critical in robotics.
Our experience in designing sensing and driver technologies for harsh, safety-critical environments positions us well to support this transition. By applying our proven driver ICs and magnetic, inductive, current and temperature sensing technologies, together with in-depth system understanding and application support, Melexis helps robotics customers address challenges related to accuracy, repeatability, durability and integration.
Robotics applications also create new demands for sensing and control, including direct human interaction, force sensitivity and compact, highly integrated form factors, which in some cases call for
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solutions beyond traditional component-level approaches. To address these requirements, Melexis has moved beyond discrete ICs into selected robotic applications, where greater system integration can significantly simplify adoption and accelerate scaling.
Tactaxis® is an application-ready tactile sensing solution designed as a fingertip assembly, enabling three-dimensional force sensing through a soft contact surface. By allowing robots to detect touch and interaction directly at the end effector, it supports the next generation of more capable and collaborative robotic systems.
Melexis has also introduced solutions tailored to robotics-specific integration challenges in motion control. Arcminaxis® addresses position and speed sensing in robotic joints, combining high precision with relaxed mechanical integration requirements, including mounting on hollow shafts, to support compact and flexible robotic designs.
Robotics represents a high-growth market within our portfolio, with the robotics segment addressed by Melexis expected to grow at a double-digit CAGR over the next five years. This growth is driven both by the rapid expansion of robotics into new industrial, collaborative, and service applications, and by increasing semiconductor content per robot as systems become more capable, sensor-rich, and interaction-driven. By applying our core technologies in a targeted and scalable way, Melexis is well positioned to grow alongside this market as it matures.
Alternative Mobility: Enabling electrified and efficient movement Alternative mobility represents an important adjacency for Melexis as motorized transportation expands beyond traditional passenger vehicles. Electrification, automation, and efficiency requirements are reshaping a broad range of mobility platforms, including e-bikes, e-scooters, two- and three-wheelers, drones, e-VTOLs, and off-highway vehicles. These applications extend across consumer, industrial, and emerging mobility use cases, each with distinct constraints and operating environments.
We address this market in a broad and flexible way, focusing on applications where reliability, efficiency, and robustness are essential, often under tight space, cost, and power constraints. Precise sensing and control are critical to improving performance, safety, and energy efficiency across these platforms, driving higher semiconductor content per system. Our automotive-grade technologies bring the needed functionality to alternative mobility and support sustainable growth while maintaining disciplined market focus.
Sustainable World: Supporting electrification and energy efficiency
Sustainability-driven applications increasingly depend on precise sensing, intelligent control, and secure system orchestration to operate efficiently and reliably over long lifetimes. Across areas such as renewable energy systems, electrified infrastructure, heating and cooling, and industrial electrification, performance gains are increasingly achieved through smarter sensing and control rather than mechanical complexity alone.
In this domain, our technologies allow engineers to rethink their approach, unlocking greater system efficiency, reliability, or intelligence. Examples include more accurate pressure sensing that improves the efficiency and control of heat pump systems, and far-infrared-based people detection that preserves privacy while supporting smart system integration in building and infrastructure applications.
By keeping end applications front of mind and aligning innovation with real system needs, we create differentiated solutions that support sustainability objectives while building durable, long-term growth opportunities aligned with our core strengths.
Digital Health: Enabling trusted sensing in consumer-scale healthcare
Digital health is evolving rapidly as healthcare, wellness, and consumer health applications demand higher levels of accuracy, consistency, and trust in sensing performance. As monitoring moves closer to clinical-grade requirements and becomes more deeply integrated into everyday devices, sensing technologies must deliver reliable results at scale, across millions of users and over long product lifecycles.
This shift is accelerating the adoption of wearable, contactless and point-of-care (PoC) health solutions that support continuous monitoring, early detection and more proactive health management. In these applications, sensing performance must be combined with miniaturization, low power consumption, and manufacturability at consumer scale to enable widespread adoption.
We win in digital health by enabling compact, wearable, and consumer-friendly sensing solutions that continuously reduce size, cost, and power consumption while elevating performance. Today, solutions like our medical-grade far-infrared (FIR) sensing technologies support high-volume deployment of contactless temperature measurement in consumer health and wellness devices, demonstrating our ability to industrialize trusted sensing at scale. Building on this foundation, we are also exploring adjacent biosensing technologies for wearables, patches, and PoC applications, where higher-quality physiological data can unlock new levels of insight, personalization, and preventative care.
Through this approach, we position digital health as a disciplined growth opportunity, combining proven deployment at scale with targeted exploration of new sensing domains that align with our core strengths and long-term strategy.
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What we executeOur strategy is brought to life through a clear set of actions that translate our long-term vision into tangible impact. These priorities define how we innovate, how we scale our capabilities, and how we ensure that our technologies, people, and operations deliver meaningful value for customers, society, and the business.
Pursue rapid innovation and win in high-growth markets
We execute with a clear focus on innovation that matters. Melexis engineers solutions that make our customers' products smarter, safer and more energy-efficient, enabling them to stay ahead in fast-evolving markets. Our sensors capture and translate signals from the analog world into actionable digital information, while our driver technologies bring systems to life with precision and reliability.
By anticipating market transitions and aligning product roadmaps accordingly, we ensure that the right solutions are available at the right moment. This ability to combine innovation, timing, and execution allows us to win in high-growth markets across automotive and beyond, while continuously increasing the value we deliver per application. By combining platform adaptation with a growing rate of new product introductions, Melexis is able to scale innovation efficiently and convert market transitions into tangible growth opportunities.
Future-proof talent and diverse, high-performing teams
Our ability to realize our strategy depends fundamentally on our people. Melexis invests deliberately in building future-proof talent and high-performing teams that can innovate, industrialize and scale in a complex and competitive environment. We use a framework that enables colleagues to grow, take ownership, and create impact for themselves, our customers, and the company.
With teams spread across three continents and representing a broad range of backgrounds and nationalities, diversity is a source of strength. We value competence, performance and potential, and we foster collaboration across disciplines and geographies.
This people-centric execution model enables Melexis to remain agile, resilient and innovative as markets, technologies and customer expectations evolve.
Serving our customers with world-class operations
Operational excellence ensures that our vision translates into dependable outcomes. We support customers with reliable supply, consistent quality, and responsive operations across the full product lifecycle. Our fabless operating model, combined with a global and increasingly localized supply chain, allows us to scale efficiently while adapting to regional market dynamics and customer needs.
We continuously strengthen our operational capabilities to support easy integration, fast time to market, and long product lifecycles.
Being big enough to serve but small enough to care, we combine the scale required for high-volume programs with the proximity and responsiveness needed to support customers in demanding applications.
Our DNA
The Melexis strategy is underpinned by a strong and consistent DNA that guides how we think, act, and grow. It shapes our long-term decisions, our relationships with customers and partners, and the way we develop our people and technologies.
We innovate with heart for the good of people and the planet. This means applying deep engineering expertise with responsibility and intent, designing solutions that are reliable, efficient, and sustainable, and focusing our innovation where it creates meaningful, real-world impact.
Sustainable and adaptable by design and driven by our values, we balance long-term vision with disciplined execution. Our culture emphasizes proximity, accountability, and trust, enabling close collaboration with customers while operating effectively at global scale. Powered by our people and anchored in a clear strategic framework, this DNA ensures Melexis remains resilient, relevant, and focused as markets evolve.
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28General disclosures
30Environmental report 55
EU Taxonomy 78
Social report 85
Governance report 104
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Letter from the ESG Committee
This past year has been a period of significant structural evolution dedicated to maturing our ESG framework. We have focused on strengthening our sustainability strategy by building processes and internal policies necessary to match our inherent commitment to people and the planet. While global standards evolve, we remain constant in our commitment to scientific facts and honest results to ensure transparency.
From Carbon Footprint to Carbon Handprint: our dual focus
Our commitment to sustainability extends beyond Melexis' internal operations by considering our carbon handprint-the avoided emissions and resource savings our customers achieve by using our technology. This concept captures the true value of our innovation and represents the positive, real-world contribution Melexis makes toward a sustainable future. While a footprint measures the carbon emissions we generate, it tells only part of the story; we now also place emphasis on the environmental benefits realized through the use of our products.
By analyzing our value chain from cradle-to-gate and moving from high-level corporate data to granular, product-level insights, we are empowering our customers with the precise data they need to achieve their own sustainability targets. In 2025, we reached a significant milestone by completing initial Product Carbon Footprint (PCF) calculations for a strategic group of products.
2025 Innovation: Engineering for environmental impact
Our business model itself embodies environmental stewardship. Our focus on miniaturization and integration enables our customers to create systems with fewer components and less material usage. Our 2025 launches demonstrate this handprint in action:
advanced thermal management: our latest sensing solutions for heat pump systems are making carbon-neutral heating more accessible and efficient for households worldwide.
next-gen e-mobility: we introduced new integrated drivers that optimize power consumption in Electric Vehicles (EVs), directly extending range and reducing the material intensity of battery systems.
smart energy harvesting: our 2025 low-power innovations enable maintenance-free industrial IoT sensors, eliminating the need for millions of disposable batteries and reducing electronic waste.
Responsible culture: Integrity and Inclusion
Our values are the foundation of everything we do. We believe that a strong company is built on both ethical governance and a sense of belonging. This year, we reinforced our commitment to integrity by formalizing policies that safeguard our standards across our operations and supply chain.
Melexis prioritizes diversity of thought, gender, nationality, and experience at its highest levels. This inclusive approach is reflected in our seven-member Board of Directors and five-member Executive Team, which combine multidisciplinary expertise with a strong gender balance. To translate this leadership across the entire organization, we recently launched our Inclusive Culture program. This initiative ensures that every team member feels valued and empowered. By actively encouraging a 'speak-up' culture, we ensure our people feel safe to raise concerns and share the bold ideas that drive true innovation. This fosters a workplace where diversity of thought and ethical conduct fuel our continuous progress, ensuring that every voice is heard and that everyone can bring their best selves to work.
To conclude, there is no doubt that the semiconductor industry is pivotal in driving the transition to sustainable mobility and a more resource-efficient world. At Melexis, we are committed to actively accelerating this transition. By ensuring our technology plays a vital role in enabling a sustainable future, we remain focused on creating long-term value for our people, our customers, and the planet.
Melexis ESG Committee
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Melexis ESG strategy
Why How WhereDecarbonization | Miniaturization | Devices for | Attractive | Inclusive and | Health, safety | Business | Responsible | ESG oversight |
Energy: efficiency | and integration | sustainable | working | diverse team | and well-being | conduct | supply chain | and compliance |
& low-carbon | applications | conditions | policies | |||||
sources |
We innovate with heart for the good of people and planet
We embed ESG principles into every aspect of our business and culture to enhance Melexis resilience,
drive positive environmental and societal impact, foster our ethical business conduct, and create long-term value.
Environment Social Governance
Building on the commitments outlined by our ESG Committee, we recognize that true sustainability requires a rigorous, structured approach integrated into every facet of our business. Our strategy is not a standalone initiative; it is the framework through which we innovate, operate, and grow.
To provide a clear roadmap for our stakeholders, we have synthesized our focus areas into the "Melexis ESG Strategy at a glance" above. This visual summarizes our three strategic pillars-Planet, People, and
Principles-and highlights how we align our technological leadership in the semiconductor industry with our responsibility to the global community.
This strategy serves as the foundation for our ESRS 2 (General Disclosures) that follow, ensuring that our governance, material impacts, and risk management are all steered toward these core objectives.
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General disclosures ESRS 2
Basis for preparation
BP1
Melexis is dedicated to building a sustainable future. Our 2025 Sustainability report below highlights this commitment and transparently details the principles and methods we used to ensure a comprehensive overview of our sustainability performance. For the reporting year ended 31 December 2025, we report in accordance with article [3:32/2] of the Companies' and Associations' Code, including compliance with the applicable European Sustainability Reporting Standards (ESRS). This includes:
compliance of the process carried out to identify that the information reported in the Sustainability report (the "Process") is in accordance with the description set out in note [ESRS 2 IRO-1]
compliance of the Sustainability report with Article 8 of EU Regulation 2020/852 (the "Taxonomy Regulation").
The contents of the Sustainability report were subject to a limited assurance report in accordance with ISAE 3000 (Revised). The Independent Auditor's Report on a Limited Assurance Engagement can be found on page 182.
The consolidated sustainability statements are part of the company's consolidated directors report, which was authorized for issue by the Board of Directors on 30 March 2026.
Based on extensive research, data analysis, and stakeholder engagement, this report showcases our sustainability initiatives and their impact. It reflects our dedication to transparency and accountability throughout our operations and value chain.
No information on intellectual property, knowhow or results of innovation were omitted in the Sustainability report.
Where metrics have been reported previously, we present comparative information. The comparative information in the sustainability statement and disclosures related thereto are presented and have been subject to limited assurance procedures, unless stated otherwise in the relevant sections of the Sustainability report. For specific metrics, the company makes use of the transitional provisions in accordance with ESRS 1.
As a general note, we are committed to the continuous improvement of all matters addressed in this Sustainability report, a principle that has guided our operations throughout our history.
Basis of sustainability statementTo prepare our sustainability statement for the year 2025, the same Melexis entities were considered as included in our financial statements under the consolidation scope. The consolidated financial statements present the results of the company and its subsidiaries as if they formed a single entity, and our non-financial reporting takes that same scope.
This approach of using a consolidated basis covering the same areas as our financial reporting gives a clear and consistent picture of our financial and sustainability performances at group level. This increases transparency, and makes it easier to understand our overall impact. It allows us to create a unified strategy that supports our overarching business goals.
Coverage of value chainFor the preparation of our Double Materiality Assessment and potentially related impacts, risks and opportunities, we considered our broader value chain, including suppliers of our suppliers, and different levels of customers. Our indirect suppliers (including Tier-2) were indirectly covered through performing an industry analysis and by consulting materiality support tools.
We work closely with our strategic suppliers to ensure they use sustainable practices for sourcing raw materials and manufacturing. We also encourage sustainable product use and responsible disposal, promoting a circular economy by minimizing waste and maximizing recycling and/or re-use.
This report gives our stakeholders a clear picture of how we approach sustainability reporting. Melexis is dedicated to improving our sustainability practices and reporting transparently as we work towards a successful and sustainable future.
In our Sustainability report, we use the option to omit information required by ESRS 2 SBM-1, ESRS 2 SBM-3, ESRS E1-9, ESRS E5-6, ESRS S1-7, ESRS S1-11, ESRS S1-12, ESRS S1-13, ESRS S1-14, and ESRS
S1-15 in accordance with Appendix C of ESRS 1 and with the Delegated Act published in July 2025.