EQS-Adhoc: ZF Europe Finance B.V.: Preliminary Financial Results 2025: ZF Expects Operating Result and Adjusted Free Cash Flow Above Forecast Range

ZF Friedrichshafen
Friedrichshafen, 23. January 2026

Preliminary Financial Results 2025: ZF Expects Operating Result and Adjusted Free Cash Flow Above Forecast Range

Based on preliminary figures, ZF Friedrichshafen exceeded its targets for operating profit and cash flow for the fiscal year 2025.

• Adjusted Free Cash Flow is expected to exceed EUR 1 billion (previous forecast for fiscal year 2025: above EUR 500 million). The increase will lead to a slight improvement in net debt compared with the prior year.
• Adjusted EBIT margin is expected to be significantly above 4.0% (previous forecast for fiscal year 2025: 3% to 4%).

As part of the ongoing restructuring of the Electrified Powertrain Technologies Division, ZF has reached agreements with several customers to terminate non-profitable projects ahead of schedule. This will result in a one-off charge of EUR 1.5 to 1.7 billion, negatively impacting the annual result and leading to an accounting loss for fiscal year 2025. The division’s operational performance has nevertheless improved significantly and remains on track with the restructuring program.

All figures are preliminary and unaudited at the time of disclosure. Final results will be published at the Annual Financial Press Conference on 19 March 2026.

Investor Relations (responsible for publication):

Charbel Chamoun, Vice President Financing and Investor Relations ZF Group

E-Mail: charbel.chamoun@zf.com

About ZF

ZF is a global technology company supplying advanced mobility products and systems for passenger cars, commercial vehicles and industrial technology. Its comprehensive product range is primarily aimed at vehicle manufacturers, mobility providers and start-up companies in the fields of transportation and mobility. ZF electrifies a wide range of vehicle types. With its products, the company contributes to reducing emissions, protecting the climate as well as enhancing safe mobility. Alongside the automotive sector – passenger cars and commercial vehicles – ZF also serves market segments such as construction and agricultural machinery, wind power, marine propulsion, rail drives and test systems. With some 161,600 employees worldwide, ZF reported sales of €41.4 billion in fiscal 2024.  The company operates 161 production locations in 30 countries.

For further press information and photos, please visit: www.zf.com