The unaudited condensed consolidated half-year financial statements have been prepared in accordance with IAS 34 “Interim Financial Reporting”. They are based on the financial statements of the individual Group companies drawn up according to uniform accounting policies as of June 30, 2025. The condensed consolidated half-year financial statements are not subject to the same requirements as the consolidated annual financial statements. It is recommended to read the condensed consolidated half-year financial statements in conjunction with the consolidated financial statements as of December 31, 2024. The condensed consolidated half-year financial statements are published exclusively in English. The financial information disclosed in this report may not add up precisely to the disclosed totals due to rounding. Ratios and variances are calculated using the exact underlying amount and not the disclosed rounded amount. Autoneum’s business activities are not subject to pronounced seasonal fluctuations. The condensed consolidated half-year financial statements 2025 were authorized for issue by the Board of Directors on July 29, 2025.

The accounting policies applied in these condensed consolidated half-year financial statements are the same as those applied in the consolidated financial statements as of December 31, 2024. New and revised standards and interpretations effective as of January 1, 2025 have been applied but did not have any significant impact on the Group’s condensed consolidated half-year financial statements.

On February 28, 2025 Autoneum acquired a majority stake of 70% in the Chinese automotive supplier Jiangsu Huanyu Group. As a result, Business Group Asia secures access to all major Chinese manufacturers such as BYD, BAIC and GAC, which significantly contributes to the ability to increase its annual revenue.

The following table summarizes the recognized amounts of assets acquired and liabilities assumed at the date of acquisition, valued at their fair value.

The total consideration of CHF 63.7 million represents the acquired stake of 70%, of which CHF 1.7 million corresponds to a contingent consideration due in 2028 and represents its fair value at the date of acquisition. The assets acquired and liabilities assumed will be further reviewed during the measurement period and therefore have been measured on a provisional basis at the date of acquisition.

The Group has chosen to recognize the non-controlling interests at its fair value for this acquisition. The fair value of the non-controlling interests in Jiangsu Huanyu Group was estimated with a proportionate value implied by the total consideration for the acquired stake of 70%. Autoneum entered into a forward contract to acquire the non-controlling interests in 2028 (refer to note 5).

The Group incurred acquisition-related costs of CHF 1.8 million on legal fees and due diligence costs. CHF 0.4 million of these costs was recognized as other expenses in profit or loss in the current period, while CHF 1.4 million was recognized as other expenses in profit or loss in the financial year 2024.

In a business combination, the determination of the fair value of the identifiable assets acquired, particularly intangibles, requires estimations which are based on all available information and in some cases on assumptions with respect to the timing and amount of future revenue and expenses associated with an asset. The purchase consideration is allocated to the underlying assets acquired and liabilities assumed based on their estimated fair value at the date of acquisition. The remaining difference is reported as goodwill or bargain purchase gain. As a result, the purchase price allocation impacts reported assets and liabilities, as well as future net result due to the impact on future depreciation, amortization and impairment charges. The purchase price allocation is subject to a maximum adjustment period of twelve months.

Since the acquisition date, the consolidated revenue of the acquired Jiangsu Huanyu Group amounts to CHF 53.6 million, while the net result of the acquiree amounts to CHF 2.2 million.

If the acquisition had taken place on January 1, 2025, the consolidated revenue of Autoneum would have amounted to CHF 1 189.4 million and the consolidated net result would have amounted to CHF 40.3 million, for the six months ended June 30, 2025.

In 2025, Borgers (Shanghai) Trading Co. Ltd., Shanghai was liquidated.

In the first half-year 2025, Autoneum signed an agreement to acquire all shares of Chengdu FAW-Sihuan Interior Parts Co., Ltd., an automotive supplier for acoustic and thermal management in China. The transaction is scheduled to close at the end of August 2025. The acquisition will be accounted for as a business combination in accordance with IFRS 3 and will be reported through Business Group Asia.

Segment information is based on Autoneum Group’s internal organization and management structure as well as on the internal financial reporting to the Group Executive Board and the Board of Directors. The chief operating decision maker is the CEO.

Autoneum is the globally leading automobile supplier in acoustic and thermal management for light and commercial vehicles. Autoneum develops and produces multifunctional, lightweight and sustainable components and systems for interior floor, interior trim as well as engine bay and underbody.

The reporting is based on the following four reportable segments (Business Groups/BG): BG Europe, BG North America, BG Asia and BG SAMEA (South America, Middle East and Africa). “Corporate and elimination” includes Autoneum Holding Ltd and the corporate center with its respective legal entities, an operation that produces parts for Autoneum’s manufacturing lines, investments in associated companies and inter-segment eliminations. Transactions between the Business Groups are made on the same basis as with independent third parties.

Neither significant changes in the fair value hierarchy nor in the fair value measurement assumptions of financial instruments occurred in the period under review. The Group neither issued, repurchased nor repaid Autoneum bonds in the reporting period.

Autoneum maintains a long-term credit agreement with a bank syndicate in the amount of CHF 350.0 million, whereof CHF 188.0 million was drawn at June 30, 2025 (December 31, 2024: CHF 131.3 million).

On December 8, 2017 Autoneum Holding Ltd issued a fixed-rate bond with a nominal value of CHF 100.0 million, which is listed on the SIX Swiss Exchange (AUT17, ISIN: CH0373476032). The bond carries a coupon rate of 1.125% and has a term of eight years with a final maturity on December 8, 2025.

As part of the acquisition of Jiangsu Huanyu Group (refer to note 3), Autoneum entered into a forward contract to acquire the remaining 30% of the shares in 2028. While the consideration to be paid is variable and depends on future outcomes, the obligation to purchase is subject to certain conditions, including the future performance of the business. For the amount expected to become payable under the forward contract, a liability has been recognized at the present value of the redemption amount with a corresponding charge directly to equity. This redemption liability is subsequently remeasured through profit or loss. Given the non-controlling shareholder retains present access to the economic benefits associated with the underlying ownership interests, the non-controlling interests in the acquired business is recognized as a separate component in equity and continues to receive an allocation of profit or loss and other comprehensive income.

There were no events between June 30, 2025 and July 29, 2025 which would necessitate adjustments to the book value of the Group’s assets or liabilities, or which require additional disclosure in the condensed consolidated half-year financial statements.