Resonac : 2025 Consolidated Financial Results (Summary) under IFRS

1. Results for 2025

   2025 Consolidated Financial Results (Summary) under IFRS

   From the current fiscal year, segmentation classification have been revised. Figures for the fiscal year ended December 2024 have been restated accordingly

   February 13, 2026

   1. Summary (Unit: billions of yen, except for "per share" indicators)

      Items	2024 Jan.1 - Dec.31	2025 Jan.1 - Dec.31	Increase/ decrease
      Revenue	1,391.5	1,347.1	(44.4)
      Core operating profit	92.1	109.1	17.0
      Operating profit	89.0	46.7	(42.4)
      Profit before tax	84.6	45.0	(39.6)
      Profit	74.8	31.0	(43.7)
      Profit attributable to owners of the parent	73.5	29.0	(44.5)
      Basic earnings per share	¥406.61	¥160.49	(¥246.12)
      Annual dividend per share	¥65.00	¥65.00 (planned)	-

   2. Revenue and Core operating profit by Segment (Year to year comparison) (Unit: billions of yen)

      Segment		2024 Jan.1 - Dec.31	2025 Jan.1 - Dec.31	Increase/ decrease
      Semiconductor and Electronic Materials	Revenue	445.1	506.3	61.2
      	Core op. profit	73.7	108.4	34.6
      Mobility	Revenue	200.3	178.4	(21.9)
      	Core op. profit	6.3	4.4	(1.9)
      Innovation Enabling Materials	Revenue	97.0	92.2	(4.8)
      	Core op. profit	11.3	10.4	(0.9)
      Chemicals	Revenue	202.7	174.4	(28.4)
      	Core op. profit	1.8	(5.5)	(7.2)
      Crasus Chemical	Revenue	329.7	300.3	(29.4)
      	Core op. profit	8.6	4.7	(3.9)
      Others, Adjustments	Revenue	116.6	95.5	(21.1)
      	Core op. profit	(9.5)	(13.2)	(3.6)
      Total	Revenue	1,391.5	1,347.1	(44.4)
      	Core op. profit	92.1	109.1	17.0

      Segment classifications

      segment

      up to FY2024

      subsegment

      FY2025 onward

      Semiconductor Semiconductor and Electric Materials

      Materials Device Solutions

      Automobile Products

      subsegment segment

      Semiconductor Semiconductor Materials and Electric

      Device Solutions Materials

      Mobility

      Carbon nanofiber additive (VGCF)

      Mobility

      Lithium-ion Battery Materials

      Aluminum laminated film (SPALF)

      Anode Materials

      （divested）

      Innovation Innovation

      Enabling Enabling

      Materials Materials

      Basic Chemicals

      Graphite Electrodes Olefins and Derivatives

      Basic Chemicals

      Graphite

      Chemicals

      Chemicals

      Crasus Chemical

      3. Revenue and Core operating profit by Segmentt (Quarterly transition) (Unit: billions of yen)

      Segment		2025 Jan.1 - Mar.31	2025 Apr.1 - Jun.30	2025 Jul.1 - Sep.30	2025 Oct.1 - Dec.31
      Semiconductor and Electronic Materials	Revenue	111.2	119.5	135.0	140.7
      	Core op. profit	19.6	22.9	31.5	34.4
      Mobility	Revenue	46.9	42.8	42.4	46.3
      	Core op. profit	1.1	0.2	0.7	2.4
      Innovation Enabling Materials	Revenue	22.0	22.9	23.0	24.3
      	Core op. profit	2.1	2.8	3.1	2.3
      Chemicals	Revenue	37.7	40.7	47.5	48.5
      	Core op. profit	(6.3)	(1.9)	0.8	1.9
      Crasus Chemical	Revenue	78.7	71.2	72.9	77.5
      	Core op. profit	0.8	(1.6)	4.1	1.4
      Others, Adjustments	Revenue	24.7	23.8	23.4	23.6
      	Core op. profit	(2.5)	(2.6)	(2.0)	(6.0)
      Total	Revenue	321.1	320.9	344.2	360.9
      	Core op. profit	14.8	19.8	38.2	36.3

      Resonac Holdings Corporation

February 13, 2026

1. Forecast for 2026

   1. Summary (Unit: billions of yen, except for "per share" indicators)

      Itmes	2025	2026 Forecast	Increase/ decrease
      Revenue	1,347.1	1,310.0	(37.1)
      Core operating profit	109.1	140.0	30.9
      Operating profit	46.7	105.0	58.3
      Profit before tax	45.0	103.0	58.0
      Profit	31.0	79.0	48.0
      Profit attributable to owners of the parent	29.0	77.0	48.0
      Basic earnings per share	¥160.49	¥425.45	¥264.96
      Annual dividend per share	¥65.00 (planned)	¥65.00	-

   2. Revenue and Core operating profit by Segment (Unit: billions of yen)

      Segment		2025	2026 Forecast	Increase/ decrease
      Semiconductor and Electronic Materials	Revenue	506.3	570.0	63.7
      	Core op. profit	108.4	128.0	19.6
      Mobility	Revenue	178.4	144.0	(34.4)
      	Core op. profit	4.4	3.0	(1.4)
      Innovation Enabling Materials	Revenue	92.2	90.0	(2.2)
      	Core op. profit	10.4	9.0	(1.4)
      Chemicals	Revenue	174.4	190.0	15.6
      	Core op. profit	(5.5)	8.0	13.5
      Crasus Chemical	Revenue	300.3	280.0	(20.3)
      	Core op. profit	4.7	7.0	2.3
      Others, Adjustments	Revenue	95.5	36.0	(59.5)
      	Core op. profit	(13.2)	(15.0)	(1.8)
      Total	Revenue	1,347.1	1,310.0	(37.1)
      	Core op. profit	109.1	140.0	30.9

2. Cash flow (Unit: billions of yen)

   Items	2024	2025	Increase/ decrease	2026 Forecast	Increase/ decrease
   Operating Activities	163.7	130.3	(33.4)	166.0	35.7
   Investing Activities	(52.3)	(87.1)	(34.8)	(130.0)	(42.9)
   Free Cash Flow	111.3	43.2	(68.2)	36.0	(7.2)
   Financing Activities	(20.5)	(69.9)	(49.4)	(29.0)	40.9
   Others	14.6	9.8	-	-	-
   Net increase in cash and cash equivalents	105.5	(17.0)	-	-	-

3. Reference (Unit: billions of yen, expect for exchange rate, and domestic naphtha price)

Note : Performance forecast and other statements pertaining to the future as contained in this presentation are based on the information available as of today and assumptions as of today regarding risk factors that could affect our future performance. Actual results may differ materially from the forecast due to a variety of risk factors, including, but not limited to, the global political circumstances, the global economic conditions, tightening of regulations, demand for our products, market conditions, and foreign exchange rates. We undertake no obligation to update the forward-looking statements unless required by law.

for the fiscal year ended December 31, 2025 (Under IFRS)

1. Consolidated Financial Results

   February 13, 2026 (All amounts are rounded to the nearest million yen)

   1. Results of operations : (Percentages indicate year-on-year changes)

      	Revenue		Core operating profit		Operating profit		Profit		Profit attributable to owners of the parent		Comprehensive Income
      Fiscal year ended		%		%		%		%		%		%
      December 31, 2025	1,347,125	(3.2)	109,145	18.4	46,676	(47.6)	31,048	(58.5)	29,031	(60.5)	48,363	(58.6)
      December 31, 2024	1,391,480	7.4	92,145	832.0	89,036	-	74,772	-	73,503	-	116,742	276.0

      	Basic earnings per share	Diluted earnings per share	Return on equity attributable to owners of the parent	Ratio of profit before tax to total assets	Ratio of core operating profit to revenue
      Fiscal year ended	Yen	Yen	%	%	%
      December 31, 2025	160.49	160.49	4.3	2.1	8.1
      December 31, 2024	406.61	406.61	12.0	4.0	6.6

      Reference:

      Important changes in accounting policies: not applicable Profit before tax

      Fiscal year ended December 31, 2025 ¥ 45,042 million ((46.8)%) Fiscal year ended December 31, 2024 ¥ 84,647 million (－%)

      Share of profit of investments accounted for using the equity method Fiscal year ended December 31, 2025 ¥ 9,288 million

      Fiscal year ended December 31, 2024 ¥ 6,798 million

      * Core operating profit is calculated as operating profit excluding certain gains and expenses attributable to non-recurring factors.

   2. Financial position :

      	Total assets	Total equity	Equity attributable to owners of the parent	Ratio of equity attributable to owners of the parent to total assets	Equity attributable to owners of the parent per share
      Fiscal year ended				%	Yen
      December 31, 2025	2,106,723	727,613	698,852	33.2	3,861.43
      December 31, 2024	2,172,626	692,006	664,616	30.6	3,677.50

   3. Cash flows :

      	Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at end of the year
      Fiscal year ended
      December 31, 2025	130,286	(87,123)	(69,895)	261,971
      December 31, 2024	163,653	(52,306)	(20,468)	294,656

   4. Dividends :

      	Annual dividends per share					Total cash dividends (Total)	Payout ratio (Consolidated)	Ratio of dividends to equity attributable to owners of parent (Consolidated)
      	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
      Fiscal year ended	Yen	Yen	Yen	Yen	Yen		%	%
      December 31, 2024	-	0.00	-	65.00	65.00	11,787	16.0	1.9
      December 31, 2025	-	0.00	-	65.00	65.00	11,791	40.5	1.7
      December 31, 2026 (Forecast)	-	0.00	-	65.00	65.00		15.3

2. Forecast of performance for the year ending December 31, 2026

(Percentages indicate year-on-year changes)

Reference:

Profit before tax

1st half ¥ 34,500 million (13.4%)

Fiscal year ¥ 103,000 million (128.7%)

* The above forecast is based on the information available at this point of time. Actual results may differ materially due to a variety of reasons, including such economic factors as fluctuations in foreign currency exchange rates as well as market supply and demand condition

[Business Results and Financial Conditions]

1. Analysis of business results

(1) Summary

In the year ended December 31, 2025("2025"), the global economy showed a modest recovery overall, despite ongoing concerns about the impact of U.S. trade policies and other factors. In the semiconductor industry, steady growth was seen, mainly driven by demand for advanced applications such as AI. In Japan, the domestic economy also saw a moderate recovery, driven by a pickup in personal consumption and corporate capital investment.

Revenue for 2025 decreased overall to ¥1,347,125 million from the fiscal year ended December 31, 2024("2024"). While revenue in the Semiconductor and Electronic Materials segment increased due to higher sales volumes, revenue declined in the other four segments. Core operating profit increased to ¥109,145 million. While the other four segments recorded lower core operating profit, the Semiconductor and Electronic Materials segment posted higher core operating profit on increased revenue, leading to overall growth. Operating profit decreased to ¥46,676 million compared with 2024, in which a gain on the sale of land and buildings of the former head office was recorded, due to the recognition of impairment losses associated with decisions to divest multiple businesses, including Fiamm Energy Technology S.p.A. As a result of the decrease in operating profit and other factors, profit attributable to owners of the parent amounted to ¥29,031 million.

(Unit: millions of yen)

Core operating profit: calculated as operating profit excluding certain gains and expenses attributable to non-recurring factors. Non-recurring items include Other operating income, Other operating expenses and Impairment loss (included in Cost of sales and Selling, general and administrative expenses)