Earnings release
Page 1
Corporate Communications Media Information 7 October 2025 BMW Group posts third-quarter sales growth BMW Group deliveries up +8.8% in third quarter Electrified vehicle sales continue to rise Strong growth for MINI brand Jochen Goller: “BMW Group reports slight sales increase for YTD September” Munich. The BMW Group maintained its growth trajectory in the third quarter, with customer deliveries rising by +8.8%. This also reflects the positive impact of the base effect from a weaker prior-year quarter. From January to September 2025, the BMW Group delivered a total of around 1.8 million BMW, MINI and Rolls-Royce vehicles to customers, achieving slight sales growth of +2.4%. During the same period, the company increased sales of fully-electric vehicles by +10.0% to 323,447 units. Between January and September, the BMW Group delivered a total of 470,313 electrified vehicles (BEV and PHEV) to customers (+15.0%). “The BMW Group reported a slight sales increase for the year to the end of September. The strong sales performance in Europe and the Americas, as well as for the MINI brand, is particularly encouraging. Demand for our wide range of electrified vehicles also remains strong,” said Jochen Goller, member of the Board of Management of BMW AG responsible for Customer, Brands, Sales. The BMW brand sold 514,620 vehicles in the third quarter (+ 5.7%). In the year to the end of September, sales were in line with the previous year (+0.1%), with a total of 1,585,580 units delivered to customers, including 395,998 electrified vehicles (+4.5%). The brand continued to increase sales across all regions outside of China, achieving particularly strong growth in the Europe and Americas regions, while the Company Bayerische Motoren Werke Aktiengesellschaft Postal address BMW AG 80788 München Telephone +49-89-382-24118 Internet www.bmwgroup.com
Page 2
Media Information Date 7 October 2025 Subject BMW Group posts third-quarter sales growth Page 2 Corporate Communications targeted sales increase in the Chinese market did not materialize as expected. BMW plug-in hybrids are in high demand. As a result, the brand increased its global deliveries of vehicles with this drive technology by +30.2% compared to the previous year. Between January and September, BMW M GmbH delivered 158.182 units to customers, up +7.9% year-on-year. Following its most successful half-year ever, BMW M GmbH reported another strong third quarter, with sales rising 11,0% to 52,220 units. The MINI brand remained on track for growth with the New MINI Family: In the third quarter, the brand delivered 72,376 units – an increase of +37.5%. From January to September, 206,214 vehicles were sold worldwide (+23.7%). During this period, MINI reported growth across all sales regions. In the YTD September, the Rolls-Royce brand delivered 4,100 motor cars to customers – +3.3% more than during the same period of last year. In the first nine months of the year, BMW Motorrad delivered a total of 159,156 motorcycles and scooters to customers (-2.6%). In the third quarter, BMW Motorrad increased its deliveries to 53,247 units, a rise of +5.7%.
Page 3
Media Information Date 7 October 2025 Subject BMW Group posts third-quarter sales growth Page 3 Corporate Communications BMW Group sales in Q3/YTD September 2025 at a glance 3rd Quarter 2025 Compared with previous year % YTD September 2025 Compared with previous year % BMW Group Automotive 588,300 +8.8% 1,795,894 +2.4% BMW 514,620 +5.7% 1,585,580 +0.1% - BMW M GmbH 52,220 +11.0% 158,182 +7.9% MINI 72,376 +37.5% 206,214 +23.7% BMW Group electrified1 151,282 +8.0% 470,313 +15.0% BMW Group BEV 102,864 -0.6% 323,447 +10.0% Rolls-Royce 1,304 +13.3% 4,100 +3.3% BMW Motorrad 53,247 +5.7% 159,156 -2.6% 1BEVs and PHEVs BMW & MINI sales in the regions/markets 2Provisional registration figures The delivery figures reported in this press release are provisional and may change up until the BMW Group Report 2025 is published. Notes on how delivery figures are prepared can be found in the BMW Group Report 2024 on p. 427. 3rd Quarter 2025 Compared with previous year % YTD September 2025 Compared with previous year % Europe 239,620 +9.3% 737,641 +8.6% Germany2 72,939 +12.3% 208,218 +6.5% Asia 206,156 +0.0% 644,429 -7.9% China 147,121 -0.4% 464,971 -11.2% Americas 125,944 +24.4% 363,101 +9.8% USA 104,163 +24.9% 297,247 +9.5%
Page 4
Media Information Date 7 October 2025 Subject BMW Group posts third-quarter sales growth Page 4 Corporate Communications BMW Group Corporate Communications Dr Sina Unger, Communications Sales Telephone: +49 151 601 47564 Email: sina.unger@bmwgroup.com Carolin Bachmann, Communications Sales Telephone: +49 151 601 38801 Email: carolin.bachmann@bmwgroup.com Max-Morten Borgmann, head of Communications BMW Group, Finance, Sales Telephone: +49 151 601-24118 Email: max-morten.borgmann@bmwgroup.com Media website: www.press.bmwgroup.com/deutschland Email: presse@bmwgroup.com The BMW Group With its four brands, BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW Group is the world’s leading pre-mium manufacturer of automobiles and motorcycles and also provides premium financial services. The BMW Group production network comprises over 30 production sites worldwide; the company has a global sales net-work in more than 140 countries. In 2024, the BMW Group sold 2.45 million passenger vehicles and more than 210,000 motorcycles worldwide. The profit before tax in the financial year 2024 was € 11.0 billion on revenues amounting to € 142.4 billion. As of 31 December 2024, the BMW Group had a workforce of 159,104 employees. The success of the BMW Group has always been based on long-term thinking and responsible action. Sustaina-bility is a key component of the BMW Group’s corporate strategy – from the supply chain through production to the end of the use phase of all products. www.bmwgroup.com
Page 5
Media Information Date 7 October 2025 Subject BMW Group posts third-quarter sales growth Page 5 Corporate Communications LinkedIn: http://www.linkedin.com/company/bmw-group/ YouTube: https://www.youtube.com/bmwgroup Instagram: https://www.instagram.com/bmwgroup Facebook: https://www.facebook.com/bmwgroup X: https://www.x.com/bmwgroup
Page 6
Corporate Communications Media Information 7 October 2025 BMW Group adjusts outlook for 2025 Munich. Today, the Board of Management of BMW AG has changed the outlook for the 2025 financial year. Whereas the company delivered volume growth year to date September in the European and Americas regions, however, the targeted volume growth in China re-mained below expectations. On this basis, the BMW Group decided to reduce vol-ume expectations for the Chinese market in the fourth quarter. Additionally, the im-pact of a significant reduction of commissions from local Chinese banks in connec-tion with the brokering of financial and insurance products to end customers re-quires financial support to strengthen dealer profitability. Furthermore, some of the assumptions on tariff reductions made at the time of its half year reporting have not been fully realised to date. In this context the BMW Group continues, however, to maintain the assumption that the EU implement the agreement with the US on reduction of tariffs from 10% to 0% on the import of ve-hicles and auto parts into the EU effective 1st August. Accounting for these additional factors weighing on profit, the Auto EBIT margin for 2025 will remain in the guided corridor of 5% to 7%, more specifically in the range of 5% to 6%. The outlook for the 2025 financial year has been adjusted as follows: - RoCE in Segment Automotive is expected in the corridor from 8% to 10% (previously: 9% to 13%). - Group Earnings before Tax is expected to decline slightly (previously: on same level as previous year. Company Bayerische Motoren Werke Aktiengesellschaft Postal address BMW AG 80788 München Telephone +49-151 601 18364 Internet www.bmwgroup.com
Page 7
Media Information Date 7 October 2025 Subject BMW AG adjusts outlook for 2025 Page 2 Corporate Communications Contrary to assumptions made to date, the BMW Group now assumes that reim-bursements of customs duties from the American and German authorities totaling a high three-digit million figure will not be received in 2025, but only paid in 2026. Considering these reimbursements and the impact on profit outlined above, free cashflow in Segment Automotive for the year 2025 is expected to be above €2.5bn (previously above €5bn). The dividend payout ratio remains in the corridor of 30% to 40% of net income at-tributable to BMW AG shareholders. Additionally, the BMW Group remains commit-ted to the share buyback program. The full quarterly results and the adjusted outlook report will be published on 5 November 2025 in the BMW Group Quarterly Statement to 30 September 2025. The definitions of the KPIs can be found in the Glossary of the BMW Group Report 2024 on pages 427 to 429.
Page 8
Media Information Date 7 October 2025 Subject BMW AG adjusts outlook for 2025 Page 3 Corporate Communications BMW Group Corporate Communications Dr Britta Ullrich, Communications Finance Telephone: +49 151 601 18364 Email: britta.ullrich@bmwgroup.com Max-Morten Borgmann, Head of Communications BMW Group, Finance, Sales Telephone: +49 151 601-24118 Email: max-morten.borgmann@bmwgroup.com Media website: www.press.bmwgroup.com/deutschland Email: presse@bmwgroup.com The BMW Group With its four brands, BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW Group is the world’s leading pre-mium manufacturer of automobiles and motorcycles and also provides premium financial services. The BMW Group production network comprises over 30 production sites worldwide; the company has a global sales net-work in more than 140 countries. In 2024, the BMW Group sold 2.45 million passenger vehicles and more than 210,000 motorcycles worldwide. The profit before tax in the financial year 2024 was € 11.0 billion on revenues amounting to € 142.4 billion. As of 31 December 2024, the BMW Group had a workforce of 159,104 employees. The success of the BMW Group has always been based on long-term thinking and responsible action. Sustaina-bility is a key component of the BMW Group’s corporate strategy – from the supply chain through production to the end of the use phase of all products. www.bmwgroup.com LinkedIn: http://www.linkedin.com/company/bmw-group/ YouTube: https://www.youtube.com/bmwgroup Instagram: https://www.instagram.com/bmwgroup Facebook: https://www.facebook.com/bmwgroup
Page 9
Media Information Date 7 October 2025 Subject BMW AG adjusts outlook for 2025 Page 4 Corporate Communications X: https://www.x.com/bmwgroup