Interim report
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Earnings Release Q3 FY 2026 April 1 to June 30 , 2026 SIEMENS energy Munich , Germany , August 5 , 2026 - Siemens Energy today announced its results for the third quarter of fiscal year 2026 that ended June 30 , 2026 . Siemens Energy accelerates profitable growth - Siemens Gamesa delivers a positive quarterly result " Global demand for electricity - and consequently for our products - remained strong in the third quarter . We delivered record orders , revenue , and profitability , while continuing to improve efficiency . The fact that our wind business has returned to profitability in a quarter for the first time since 2022 is a fantastic achievement by this team " , says Christian Bruch , President and CEO of Siemens Energy AG . • Siemens Energy further accelerated its profitable growth in the third quarter , achieving record levels of orders , revenue and profitability . Order intake once again benefited primarily from demand in the U.S. Also , Siemens Energy delivered its highest quarterly revenue to date , supported by progress in capacity expansion . Siemens Gamesa reported a positive result for the first time since fiscal year 2022 and is on track to reach break - even for 2026. Strong cash flow momentum also continued . • • Orders reached another record level of € 17.9bn . Growth was driven by a new record order intake at Gas Services , as well as strong increases at Grid Technologies and Transformation of Industry . Book - to - bill ratio ( ratio of orders to revenue ) was 1.57 , while order backlog increased to € 162bn at quarter - end . Year - over - year , revenue rose 18.5 % on a comparable basis ( excluding currency translation and portfolio effects ) to € 11.4bn . Growth was rec- orded across all segments . • Profit before Special items more than tripled to € 1,623m , compared with € 497 million in Q3 FY 2025. All segments delivered strong improve- ments , with Siemens Gamesa making the largest contribution . Special items amounted to negative € 59m ( Q3 FY 2025 : positive € 458m , primar- ily reflecting the demerger of the energy business from Siemens Limited , India ) . Siemens Energy's Profit came in at € 1,564m ( Q3 FY 2025 : € 956m ) . . • • Net income also increased sharply to € 1,188m ( Q3 FY 2025 : € 697m ) . Corresponding basic earnings per share were € 1.28 ( Q3 FY 2025 : € 0.71 ) . Free cash flow pre tax increased to € 2,319m ( Q3 FY 2025 : € 419m ) . The sharp increase resulted largely from the improvement in cash - effective profit and was further supported by customer advance payments associated with the strong order intake . Siemens Energy confirms its fiscal year 2026 outlook , which was raised after the end of the first half - year , and expects its Profit margin before Special Items to be towards the upper end of the guided range .
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Earnings Release Q3 FY 2026 | Siemens Energy 2 Siemens Energy Q3 (in millions of €) FY 2026 FY 2025 Change Orders 17,926 16,613 8.5%¹ Revenue 11,447 9,745 18.5%¹ Profit 1,564 956 63.6% Profit margin 13.7% 9.8% 3.9 p.p. Special items (SI) (59) 458 n/a Profit before SI 1,623 497 >200% Profit margin before SI 14.2% 5.1% 9.1 p.p. Net income (loss) 1,188 697 70.5% Basic earnings per share (in €) 1.28 0.71 80.3% Free cash flow pre tax 2,319 419 >200% 1 Comparable basis: Excluding currency translation and portfolio effects . Orders developed year-over-year by 7.9% on a nominal basis, revenue respectively by 17.5%. • Siemens Energy delivered strong order growth, led by record order intake at Gas Services, despite a decline in Siemens Gamesa's new units business. Service orders increased substantially , comple- mented by continued growth in new unit orders compared with the prior year. The U.S. was again the main driver of order intake growth. • Book-to-bill ratio was 1.57 and order backlog rose yet again to a new record high of €162bn. • All segments contributed to revenue growth, led by Grid Technolo- gies and Gas Services. • Profit before Special items and the corresponding margin rose sharply, supported by excellent project execution. All segments rec- orded improvements, with Siemens Gamesa delivering the most pro- nounced increase. • Positive Special items in the prior-year quarter were primarily due to the demerger of the energy business from Siemens Limited, India. • Gas Services and Grid Technologies were the main contributors to the increase in Free cash flow pre -tax, mainly reflecting the profit improvement and a higher Cash conversion rate . In addition, Free cash flow pre-tax again benefited from customer advance payments, including reservation fees, in connection with higher orders.
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Earnings Release Q3 FY 2026 | Siemens Energy 3 Gas Services Q3 (in millions of €) FY 2026 FY 2025 Change Orders 9,967 6,180 61.9%¹ Revenue 3,756 3,118 20.8%¹ Profit 645 402 60.3% Profit margin 17.2% 12.9% 4.3 p.p. Special items (SI) (3) (4) 14.5% Profit before SI 648 406 59.6% Profit margin before SI 17.3% 13.0% 4.2 p.p. 1 Comparable basis: Excluding currency translation and portfolio effects . Orders developed year-over-year by 61.3% on a nominal basis, revenue respectively by 20.5%. • Gas Services once again with record orders for the quarter. Demand from the U.S., including large orders related to data centers, and or- ders from the Middle East and Asia for new power plants were the key drivers of the development. Both the new units and service busi- ness grew substantially. • Book‑to‑bill ratio was 2.65 and order backlog increased to €73bn. • Revenue rose substantially, with growth in t he new units business exceeding the significant increase in the service business. • Profit before Special items was sharply up. This was driven by volume and primarily due to the higher margin, reflecting the increased prof- itability of the processed order backlog in the new units business as well as the year-over-year increase in service volume. Grid Technologies Q3 (in millions of €) FY 2026 FY 2025 Change Orders 5,367 4,218 27.6%¹ Revenue 3,624 2,819 28.6%¹ Profit 718 447 60.8% Profit margin 19.8% 15.8% 4.0 p.p. Special items (SI) (4) (2) (143.9)% Profit before SI 722 448 61.1% Profit margin before SI 19.9% 15.9% 4.0 p.p. 1 Comparable basis: Excluding currency translation and portfolio effects . Orders developed year-over-year by 27.3% on a nominal basis, revenue respectively by 28.6%. • Grid Technologies increased orders in all businesses. The major con- tribution came from the substantial growth in the transformer busi- ness including data center projects. From a regional perspective, de- mand from Europe and North America was the primary growth driver. • Book‑to‑bill ratio was 1.48 and the order backlog increased to €51bn. • Revenue was substantially above the prior‑year quarter’s level , mainly driven by the product business. Growth was supported by ex- panded production capacities. • Profit before Special items rose sharply, due to increased volume and improved margin profile of the processed order backlog year -over- year.
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Earnings Release Q3 FY 2026 | Siemens Energy 4 Transformation of Industry Q3 (in millions of €) FY 2026 FY 2025 Change Orders 1,809 1,356 31.5%¹ Revenue 1,527 1,361 11.5%¹ Profit 214 154 38.7% Profit margin 14.0% 11.3% 2.7 p.p. Special items (SI) (4) (3) (44.3)% Profit before SI 218 157 38.8% Profit margin before SI 14.3% 11.5% 2.7 p.p. 1 Comparable basis: Excluding currency translation and portfolio effects . Orders developed year-over-year by 33.5% on a nominal basis, revenue respectively by 12.2%. • Transformation of Industry showed a substantial increase in orders. Compression’s new units business was the key contributor, benefit- ing from large orders from the Americas. • Book‑to‑bill ratio was 1.19, order backlog at the end of the quarter was €8bn, unchanged from the previous quarter. • Revenue increased significantly compared with the prior‑year quar- ter, with all businesses contributing . Growth was achieved in both the new units and service business. • Profit before Special items and the corresponding margin i ncreased substantially. This was due to the increased volume and positive pro- ject-related one‑off effects. Siemens Gamesa Q3 (in millions of €) FY 2026 FY 2025 Change Orders 1,050 4,890 (77.0)%¹ Revenue 2,743 2,506 13.5%¹ Profit 56 (425) n/a Profit margin 2.0% (17.0)% 19.0 p.p. Special items (SI) (20) 13 n/a Profit before SI 75 (438) n/a Profit margin before SI 2.7% (17.5)% 20.2 p.p. 1 Comparable basis: Excluding currency translation and portfolio effects . Orders developed year-over-year by (78.5)% on a nominal basis, revenue respectively by 9.4%. • Orders declined sharply compared with prior-year quarter’s level. The prior year included two large orders in the offshore business worth more than €3bn, while the recent quarter did not comprise any com- parable order intake. • Book‑to‑bill ratio was 0.38 and the order backlog decreased to €31bn. • Year-over-year, revenue rose significantly due to an increase in the offshore business. Growth was driven by service revenue, with the new units business also showing a clear increase. • Profit before Special items improved sharply and returned to profita- bility. The improvement reflects productivity gains and increased cost efficiency. Reconciliation to Consolidated Financial Statements Profit before Special items (SI) Q3 (in millions of €) FY 2026 FY 2025 Total Segments 1,663 573 Reconciliation to Consolidated Financial Statements (40) (76) Siemens Energy 1,623 497 Reconciliation to Consolidated Financial Statements includes items, which management does not consider to be indicative of the segments’ performance – mainly group management costs (management and cor- porate functions) and other central items, Treasury activities as well as eliminations. Other central items include Siemens brand fees, corporate services (e.g. management of the Group’s real estate portfolio), corpo- rate projects, centrally held equity interests and other items.
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Earnings Release Q3 FY 2026 | Siemens Energy 5 Outlook Siemens Energy confirms its fiscal year 2026 outlook, which was raised after the end of the first half -year, and expects its Profit margin before Special Items to be towards the upper end of the guided range. Siemens Energy expects for the Group to achieve comparable revenue growth (excluding currency translation and portfolio effects) in fiscal year 2026 in a range of 14% to 16% and a Profit margin before Special items between 10% and 12%. Siemens Energy expects a Net income of around €4bn and a Free cash flow pre tax of around €8bn. The outlook for Siemens Energy does not include charges related to any future legal and regulatory matters. Overall assumptions per business area • Gas Services assumes a comparable revenue growth of 16% to 18% and a Profit margin before Special items of 14% to 16%. • Grid Technologies plans to achieve a comparable revenue growth of 25% to 27% and a Profit margin before Special items between 18% and 20%. • Transformation of Industry expects a comparable revenue growth of 5% to 7% and a Profit margin before Special items of 11% to 13%. • Siemens Gamesa assumes a comparable revenue growth of 3% to 5% and a Profit margin before Special items at break-even.
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Earnings Release Q3 FY 2026 | Siemens Energy 6 Notes and forward-looking statements The press conference call on Siemens Energy’s financial results of the third quarter of fiscal year 2026 will be broadcasted live for journalists at https://www.siemens-energy.com/pressconference starting at 8:30 a.m. CEST today. You can also follow the conference call for analysts and investors live at www.siemens-energy.com/analystcall starting at 10:00 a.m. CEST today. Recordings of both conference calls will be made available afterwards. The financial publications can be downloaded at: www.siemens-energy.com/financial-publications. This document contains statements related to our future business and financial performance, and future events or developments involving Siemens Energy that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “antici- pate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project,” or words of similar meaning. We may also make forward-looking statements in other reports, prospectuses, in presentations, in material delivered to shareholders, and in press releases. In addition, our representatives may from time to time make oral forward -looking statements. Such statements are based on the current expectations and certain assumptions of Siemens Energy´s management, of which many are beyond Siemens Energy´s control. Th ese are subject to a number of risks, uncertainties, and other factors, including, but not limited to, those described in disclosures, in particular in the chapter “Report on expected developments and associated material opportunities and risks” in the Ann ual Report and the Half-year Financial Report, which should be read in conjunction with the Annual Report. Should one or more of these risks or uncertainties materialize, should acts of force majeure, such as pandemics, occur, or should underlying expectations including future events occur at a later date or not at all, or should assumptions not be met, Siemens Energy´s actual results, perfor- mance, or achievements may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens Energy neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of develop- ments which differ from those anticipated. This document includes supplemental financial measures – that are not clearly defined in the applicable financial reporting framework – and that are or may be alternative performance measures (non -GAAP-measures). These supplemental financial measures should not be viewed in isolation or as alte rnatives to measures of Siemens Energy´s net assets and financial position or results of operations as presented in accordance with the applicable financial reporting framework in its consolidated financial statements. Other companies that report or descri be similarly titled alternative performance measures may calculate them differently. Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures. This document is a Quarterly Statement according to § 53 of the Exchange Rules for the Frankfurter Wertpapierbörse. Financial Media: Tim Proll-Gerwe Phone: +49 (0)152 2283 5652 E-mail: tim.proll-gerwe@siemens-energy.com Oliver Sachgau Phone: +49 (0)173 272 9231 E-mail: oliver.sachgau@siemens-energy.com Siemens Energy AG, 81739 Munich, Germany © Siemens Energy, 2026
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I Financial Results Third quarter of fiscal year 2026
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II Key figures (in millions of €, except where otherwise stated) Volume Q3 Change Q1 - Q3 Change FY 2026 FY 2025 Actual Comp. FY 2026 FY 2025 Actual Comp. Orders 17,926 16,613 7.9% 8.5% 53,284 44,714 19.2% 23.1% Revenue 11,447 9,745 17.5% 18.5% 31,416 28,649 9.7% 13.4% Book-to-bill ratio 1.57 1.70 n/a 1.70 1.56 n/a Order backlog (in billions of €) 162 136 19.3% 162 136 19.3% Profitability Q3 Change Q1 - Q3 Change FY 2026 FY 2025 Actual FY 2026 FY 2025 Actual Profit 1,564 956 63.6% 3,680 2,033 81.0% Profit margin 13.7% 9.8% 3.9 p.p. 11.7% 7.1% 4.6 p.p. Special items (SI) (59) 458 n/a (266) 149 n/a Profit before SI 1,623 497 >200% 3,946 1,884 109.4% Profit margin before SI 14.2% 5.1% 9.1 p.p. 12.6% 6.6% 6.0 p.p. EBITDA 1,920 1,275 50.6% 4,715 3,232 45.9% Net income (loss) 1,188 697 70.5% 2,769 1,450 91.0% Basic earnings per share (in €) 1 1.28 0.71 80.3% 2.96 1.44 105.6% ¹ Basic earnings per share – attributable to shareholders of Siemens Energy AG. For fiscal 2026 and 2025 weighted average shares outstanding (basic) (in thousands) for the third quarter amounted to 848,584 and 867,495 and for the nine months to 854,475 and 866,056 shares, respectively. Capital Structure and Liquidity Jun 30, 2026 Sep 30, 2025 Total equity 11,171 10,675 Adjusted Net debt/ (Net cash) (7,719) (4,790) Q3 FY 2026 Q3 FY 2025 Q1 - Q3 FY 2026 Q1 - Q3 FY 2025 Free cash flow 2,111 267 6,634 2,940 Free cash flow pre tax 2,319 419 7,163 3,336 Employees (in thousands) Jun 30, 2026 Sep 30, 2025 Siemens Energy 106 103 Germany 29 27 Outside Germany 77 76
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III Consolidated Statements of Income Q3 Q1 - Q3 (in millions of €, earnings per share in €) FY 2026 FY 2025 FY 2026 FY 2025 Revenue 11,447 9,745 31,416 28,649 Cost of sales (8,778) (8,205) (24,398) (23,737) Gross profit 2,669 1,541 7,019 4,912 Research and development expenses (311) (291) (839) (890) Selling and general administrative expenses (872) (851) (2,603) (2,509) Other operating income 22 10 102 65 Other operating expenses (18) 8 (270) (287) Income (loss) from investments accounted for using the equity method, net 25 493 130 575 Operating income (loss) 1,515 909 3,539 1,866 Interest income 75 66 227 194 Interest expenses (42) (100) (141) (237) Other financial income (expenses), net 21 (29) 64 91 Income (loss) before income taxes 1,570 846 3,689 1,913 Income tax (expenses) benefits (382) (149) (920) (464) Net income (loss) 1,188 697 2,769 1,450 Attributable to: Non-controlling interests 105 82 243 203 Shareholders of Siemens Energy AG 1,083 615 2,525 1,247 Basic earnings per share 1.28 0.71 2.96 1.44 Diluted earnings per share 1.26 0.70 2.91 1.42
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IV Consolidated Statements of Comprehensive Income Q3 Q1 - Q3 (in millions of €) FY 2026 FY 2025 FY 2026 FY 2025 Net income (loss) 1,188 697 2,769 1,450 Remeasurements of defined benefit plans 37 0 53 62 therein Income tax effects (5) (5) (8) (11) Remeasurements of equity instruments 38 115 47 115 Income (loss) from investments accounted for using the equity method, net 0 (0) 0 (1) Items that will not be reclassified to profit or loss 75 115 100 176 Currency translation differences 192 (782) 659 (550) Derivative financial instruments (42) 175 (110) 164 therein Income tax effects 14 (90) 32 (82) Income (loss) from investments accounted for using the equity method, net 1 2 1 (20) Items that may be reclassified subsequently to profit or loss 151 (605) 550 (405) Other comprehensive income (loss), net of income taxes 226 (490) 650 (229) Total comprehensive income (loss) 1,414 207 3,419 1,220 Attributable to: Non-controlling interests 115 68 268 192 Shareholders of Siemens Energy AG 1,299 139 3,151 1,029
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V Consolidated Statements of Financial Position (in millions of €) Jun 30, 2026 Sep 30, 2025 Assets Cash and cash equivalents 11,088 9,162 Trade and other receivables 8,313 7,571 Other financial assets 1,600 1,031 Contract assets 5,859 4,295 Inventories 11,996 10,377 Income tax assets 362 418 Other assets 1,391 1,212 Assets classified as held for disposal 5 386 Total current assets 40,612 34,453 Goodwill 9,279 9,037 Other intangible assets 2,445 2,450 Property, plant and equipment 7,666 7,140 Investments accounted for using the equity method 1,853 703 Other financial assets 626 1,531 Deferred tax assets 847 904 Other assets 507 419 Total non-current assets 23,223 22,184 Total assets 63,836 56,637 Liabilities and equity Debt 407 1,528 Trade and other payables 6,756 5,993 Other financial liabilities 1,011 782 Contract liabilities 28,071 22,321 Provisions 2,622 2,778 Income tax liabilities 558 523 Other liabilities 5,490 4,332 Liabilities associated with assets classified as held for disposal — 233 Total current liabilities 44,914 38,491 Debt 2,552 2,438 Provisions for pensions and similar obligations 410 406 Deferred tax liabilities 851 634 Provisions 3,095 3,065 Other financial liabilities 294 401 Other liabilities 547 528 Total non-current liabilities 7,751 7,471 Total liabilities 52,665 45,962 Equity Issued capital 861 861 Capital reserve 14,466 14,465 Retained earnings (1,971) (3,990) Other components of equity (314) (807) Treasury shares, at cost (2,345) (228) Total equity attributable to shareholders of Siemens Energy AG 10,698 10,301 Non-controlling interests 473 375 Total equity 11,171 10,675 Total liabilities and equity 63,836 56,637
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VI Consolidated Statements of Cash Flows Q3 Q1 - Q3 (in millions of €) FY 2026 FY 2025 FY 2026 FY 2025 Cash flows from operating activities Net income (loss) 1,188 697 2,769 1,450 Adjustments to reconcile net income (loss) to cash flows from operating activities Amortization, depreciation and impairments 405 365 1,176 1,367 Income tax expenses (benefits) 382 149 920 464 Interest (income) expenses, net (34) 35 (85) 44 (Income) loss related to investing activities (8) (479) 34 (567) Other non-cash (income) expenses (27) (45) 81 58 Change in operating net working capital Contract assets (899) (142) (1,469) (206) Inventories (521) (230) (1,335) (1,198) Trade and other receivables (16) (380) (548) (592) Trade and other payables 354 (250) 639 (30) Contract liabilities 881 452 5,359 3,269 Change in other assets and liabilities 952 625 469 106 Income taxes paid (209) (152) (529) (397) Dividends received 7 8 50 26 Interest received 69 64 229 186 Cash flows from operating activities 2,525 718 7,759 3,979 Cash flows from investing activities Purchase of intangible assets and property, plant and equipment (414) (451) (1,125) (1,039) Acquisitions of businesses, net of cash acquired (0) (0) (95) (68) Purchase of investments and financial assets (533) (31) (1,173) (59) Disposal of intangibles and property, plant and equipment 1 21 35 24 Disposal of businesses, net of cash disposed 0 (1) 72 126 Disposal of investments and financial assets 105 (0) 666 100 Cash flows from investing activities (842) (463) (1,621) (916) Cash flows from financing activities Purchase of treasury shares (1,408) (170) (2,288) (170) Other transactions with non-controlling interests — — (10) 1 Issuance (repayment) of notes and bonds (750) — (750) — Repayment of lease liabilities (120) (91) (338) (276) Change in debt and other financing activities 49 (139) (145) 25 Interest paid (87) (155) (143) (199) Dividends paid to shareholders of Siemens Energy AG — — (601) — Dividends attributable to non-controlling interests (35) (10) (171) (109) Cash flows from financing activities (2,351) (565) (4,446) (728) Effect of changes in exchange rates on cash and cash equivalents 61 (178) 147 (180) Change in cash and cash equivalents (607) (487) 1,839 2,155 Cash and cash equivalents at beginning of period 11,695 9,005 9,249 6,363 Cash and cash equivalents at end of period 11,088 8,518 11,088 8,518 Less: Cash and cash equivalents of assets classified as held for disposal at end of period — 28 — 28 Cash and cash equivalents at end of period (Consolidated Statements of Financial Position) 11,088 8,489 11,088 8,489
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VII Overview of Segment figures Orders Revenue Profit before Special Items Profit margin before Special Items Assets Free cash flow pre tax Q3 Change Q3 Change Q3 Q3 Jun 30, Sep 30, Q3 (in millions of €) FY 2026 FY 2025 Actual Comp. FY 2026 FY 2025 Actual Comp. FY 2026 FY 2025 FY 2026 FY 2025 2026 2025 FY 2026 FY 2025 Gas Services 9,967 6,180 61.3% 61.9% 3,756 3,118 20.5% 20.8% 648 406 17.3% 13.0% (2,635) 1,083 1,720 736 Grid Technologies 5,367 4,218 27.3% 27.6% 3,624 2,819 28.6% 28.6% 722 448 19.9% 15.9% (1,940) (386) 896 356 Transformation of Industry 1,809 1,356 33.5% 31.5% 1,527 1,361 12.2% 11.5% 218 157 14.3% 11.5% 1,905 1,689 180 182 Siemens Gamesa 1,050 4,890 (78.5)% (77.0)% 2,743 2,506 9.4% 13.5% 75 (438) 2.7% (17.5)% 751 (1,236) (518) (758) Total segments 18,194 16,644 11,650 9,805 1,663 573 (1,918) 1,150 2,278 516 Reconciliation to Consolidated Financial Statements (267) (31) (202) (59) (40) (76) 65,754 55,487 41 (97) Siemens Energy 17,926 16,613 7.9% 8.5% 11,447 9,745 17.5% 18.5% 1,623 497 14.2% 5.1% 63,836 56,637 2,319 419 Orders Revenue Profit before Special Items Profit margin before Special Items Assets Free cash flow pre tax Q1 - Q3 Change Q1 - Q3 Change Q1 - Q3 Q1 - Q3 Jun 30, Sep 30, Q1 - Q3 (in millions of €) FY 2026 FY 2025 Actual Comp. FY 2026 FY 2025 Actual Comp. FY 2026 FY 2025 FY 2026 FY 2025 2026 2025 FY 2026 FY 2025 Gas Services 27,587 18,227 51.4% 55.9% 10,331 9,105 13.5% 16.6% 1,715 1,329 16.6% 14.6% (2,635) 1,083 5,473 2,550 Grid Technologies 18,328 14,543 26.0% 30.6% 9,744 8,160 19.4% 22.3% 1,784 1,328 18.3% 16.3% (1,940) (386) 3,471 2,242 Transformation of Industry 4,643 4,373 6.2% 7.9% 4,251 4,109 3.5% 5.9% 543 469 12.8% 11.4% 1,905 1,689 320 640 Siemens Gamesa 3,452 8,201 (57.9)% (55.6)% 7,624 7,631 (0.1)% 5.8% (15) (1,061) (0.2)% (13.9)% 751 (1,236) (1,717) (1,658) Total segments 54,010 45,344 31,950 29,004 4,028 2,065 (1,918) 1,150 7,548 3,774 Reconciliation to Consolidated Financial Statements (725) (631) (534) (355) (82) (181) 65,754 55,487 (385) (437) Siemens Energy 53,284 44,714 19.2% 23.1% 31,416 28,649 9.7% 13.4% 3,946 1,884 12.6% 6.6% 63,836 56,637 7,163 3,336
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VIII EBITDA Reconciliation Profit before SI Special items (SI) Profit Amortization of intangi- ble assets acquired in business combinations and goodwill impairment EBIT Amortization, depreciation and impairments EBITDA Q3 Q3 Q3 Q3 Q3 Q3 Q3 (in millions of €) FY 2026 FY 2025 FY 2026 FY 2025 FY 2026 FY 2025 FY 2026 FY 2025 FY 2026 FY 2025 FY 2026 FY 2025 FY 2026 FY 2025 Gas Services 648 406 (3) (4) 645 402 (5) (2) 640 401 60 44 700 445 Grid Technologies 722 448 (4) (2) 718 447 (0) (1) 718 446 31 24 748 470 Transformation of Industry 218 157 (4) (3) 214 154 (5) (5) 209 149 19 20 228 169 Siemens Gamesa 75 (438) (20) 13 56 (425) (12) (12) 44 (437) 177 148 221 (289) Total segments 1,663 573 (31) 5 1,633 578 (23) (19) 1,610 559 286 236 1,896 795 Reconciliation to Consolidated Financial Statements (40) (76) (29) 453 (69) 377 (26) (27) (95) 350 119 129 23 480 Siemens Energy 1,623 497 (59) 458 1,564 956 (49) (46) 1,515 909 405 365 1,920 1,275 Profit before SI Special items (SI) Profit Amortization of intangi- ble assets acquired in business combinations and goodwill impairment EBIT Amortization, depreciation and impairments EBITDA Q1 - Q3 Q1 - Q3 Q1 - Q3 Q1 - Q3 Q1 - Q3 Q1 - Q3 Q1 - Q3 (in millions of €) FY 2026 FY 2025 FY 2026 FY 2025 FY 2026 FY 2025 FY 2026 FY 2025 FY 2026 FY 2025 FY 2026 FY 2025 FY 2026 FY 2025 Gas Services 1,715 1,329 43 (9) 1,759 1,320 (11) (5) 1,748 1,315 157 133 1,904 1,448 Grid Technologies 1,784 1,328 (9) (8) 1,775 1,320 (1) (2) 1,774 1,318 85 67 1,859 1,385 Transformation of Industry 543 469 (10) (9) 532 460 (15) (18) 517 442 54 55 571 497 Siemens Gamesa (15) (1,061) (189) (297) (204) (1,358) (35) (59) (239) (1,417) 527 742 287 (675) Total segments 4,028 2,065 (166) (323) 3,862 1,742 (63) (84) 3,799 1,658 822 998 4,622 2,656 Reconciliation to Consolidated Financial Statements (82) (181) (100) 472 (182) 291 (78) (84) (260) 207 354 369 93 576 Siemens Energy 3,946 1,884 (266) 149 3,680 2,033 (140) (167) 3,539 1,866 1,176 1,367 4,715 3,232
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IX Orders & Revenue by region (location of customer) Orders Q3 Change Q1 - Q3 Change (in millions of €) FY 2026 FY 2025 Actual Comp. FY 2026 FY 2025 Actual Comp. Europe, C.I.S., Middle East, Africa 6,757 8,592 (21.4)% (20.6)% 22,093 23,025 (4.0)% (3.5)% therein Germany 1,007 917 9.9% 9.9% 3,028 2,680 13.0% 12.8% Americas 9,220 6,967 32.3% 32.9% 24,824 17,503 41.8% 50.5% therein U.S. 8,048 5,830 38.0% 39.7% 21,644 13,515 60.2% 70.9% Asia, Australia 1,950 1,054 85.0% 84.4% 6,366 4,185 52.1% 54.5% therein China 542 301 79.9% 74.6% 1,189 915 29.8% 32.2% Siemens Energy 17,926 16,613 7.9% 8.5% 53,284 44,714 19.2% 23.1% Revenue Q3 Change Q1 - Q3 Change (in millions of €) FY 2026 FY 2025 Actual Comp. FY 2026 FY 2025 Actual Comp. Europe, C.I.S., Middle East, Africa 5,631 5,026 12.0% 12.6% 16,604 15,030 10.5% 11.9% therein Germany 943 921 2.4% 2.2% 3,242 2,811 15.3% 15.2% Americas 4,387 3,332 31.7% 32.3% 10,815 8,739 23.8% 30.3% therein U.S. 3,595 2,469 45.6% 47.6% 8,549 6,454 32.5% 41.0% Asia, Australia 1,430 1,387 3.1% 6.8% 3,997 4,880 (18.1)% (12.2)% therein China 330 371 (11.0)% (13.8)% 912 1,142 (20.2)% (17.6)% Siemens Energy 11,447 9,745 17.5% 18.5% 31,416 28,649 9.7% 13.4%
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X Disaggregation of external revenue of segments Q3 Q1 - Q3 (in millions of €) FY 2026 FY 2025 FY 2026 FY 2025 Siemens Energy New Units 7,733 6,518 21,181 18,649 therein Gas Services 1,458 1,098 4,050 2,888 Grid Technologies 3,371 2,659 9,040 7,528 Transformation of Industry 825 716 2,330 2,202 Siemens Gamesa 2,078 2,045 5,761 6,032 Siemens Energy Service 3,712 3,215 10,227 9,958 therein Gas Services 2,209 1,994 6,084 6,114 Grid Technologies 188 149 498 459 Transformation of Industry 650 610 1,783 1,786 Siemens Gamesa 665 461 1,863 1,599
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