Schaeffler (SHA0) Q4 2025 (Media) earnings summary

Executive summary

• Revenue for 2025 was €23.5 billion, down 0.6% year-over-year on a pro-forma, constant currency basis.

• EBIT before special items rose to €936 million, with margin improving to 4.0% from 3.5% year-over-year.

• Free cash flow before M&A was €266 million, significantly above prior year and guidance.

• Net loss attributable to shareholders was €424 million, impacted by €572 million in special items.

• Dividend proposal of €0.30 per share, up from €0.25 prior year.

Financial highlights

• EBIT before special items increased to €936 million from €842 million year-over-year.

• Free cash flow before M&A improved to €266 million from -€694 million year-over-year.

• Net financial debt at year-end was €4,915 million; net financial debt/EBITDA ratio at 2.1.

• Earnings per share were -€0.45; adjusted net income before special items was €148 million.

Outlook and guidance

• 2026 revenue expected between €22.5–24.5 billion, with EBIT margin before special items of 3.5–5.5%.

• Free cash flow before M&A projected at €100–300 million, including significant restructuring outflows.

• E-Mobility revenue guidance: €5.2–5.8 billion, EBIT margin before special items of -15.0% to -13.0%.

• Powertrain & Chassis revenue: €8.0–8.6 billion, EBIT margin 10.0–12.0%.

• Vehicle Lifetime Solutions revenue: €3.1–3.3 billion, EBIT margin 13.5–15.5%.

• Bearings & Industrial Solutions revenue: €6.2–6.7 billion, EBIT margin 7.0–9.0%.