Record Performance Fuels Long-Term Value Creation for Linamar

Executive Summary

• Linamar reported record normalized net earnings of $622.1 M for 2025 (annual EPS $10.36), the second consecutive year of record earnings.
• Free cash flow reached $937.2 M in 2025, up $148.9 M YoY; liquidity stood at $2.1 B, an 11.8% increase from Q4‑2024.
• Mobility segment sales grew 12.9% QoQ to $2.0 B and 3.3% YoY to a record $7.7 B; normalized operating earnings rose 47.3% QoQ to $132.1 M.

Key Details

• Free Cash Flow (FCF): $937.2 M for 2025 (up $148.9 M YoY).
• Liquidity: $2.1 B at year‑end 2025 (+$216.9 M vs Q4‑2024).
• Normalized Net Earnings: $622.1 M for 2025; EPS $10.36 (record).
• Quarterly Normalized EPS: $2.28 (up 25.3% QoQ).
• Sales:
• Q4 2025: $2,515.3 M (↑ 5.9% YoY)
• Full‑year 2025: $10,231.8 M (↓ 3.3% YoY)
• Operating Earnings – Normalized:
• Mobility segment Q4 2025: $132.1 M (↑ 47.3% QoQ)
• Industrial segment Q4 2025: $67.9 M (down from $91.4 M YoY).
• Net Earnings – Normalized: $136.4 M for Q4 2025; $622.1 M for full year 2025.
• Dividend: Board declared a quarterly dividend of C$0.29 per share, payable after April 14 2026 to shareholders of record March 27 2026.
• Share Repurchases: 1.3 M shares repurchased in 2025; an additional 0.2 M shares repurchased post‑year‑end.
• Acquisitions Completed:
• Aludyne’s North American assets (casting solutions).
• Georg Fischer’s Leipzig casting facility (enhancing structural capabilities).
• Market Share Gains: Despite overall industrial market decline, Linamar increased scissors market share globally and agricultural product share in the U.S. and Europe; mobility segment also saw market‑share growth.
• Tariff Impact: USMCA compliance keeps most products tariff‑free; any impact on industrial business described as “manageable.”
• Management Comments:
• Executive Chair Linda Hasenfratz highlighted resilience amid tariffs and emphasized continued growth outlook.
• CEO Jim Jarrell cited strong earnings, cash generation, and strategic acquisitions as foundations for long‑term growth.

Notable Quotes

“2025 was a year of challenges … Despite that, Linamar’s long term and diversified focus helped us achieve record earnings for the second consecutive year.” – Linda Hasenfratz, Executive Chair
“Guided by our focus on Growth in Revenue, Income and our Team (GRIT), the Linamar team delivered an outstanding 2025 – strong earnings, exceptional cash generation and two strategic acquisitions …” – Jim Jarrell, CEO & President

All non‑GAAP measures are reconciled in the release; forward‑looking statements contain customary risk disclosures.