Earnings release
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Earnings Release Q3 FY 2025 April 1 to June 30, 2025 Munich, Germany, August 7, 2025 Robust results continue – Outlook confirmed “Our third-quarter performance demonstrates that Siemens is delivering robust results despite the volatile global market. We’re posting sustained growth momentum in orders, revenue and net income. Digitalization and sustainability continue to be our growth drivers. In addition, with the closing of our acquisition of Dotmatics, we’re opening up new markets in life sciences and are combining scientific intelligence with our industrial AI technologies,” said Roland Busch, President and Chief Executive Officer of Siemens AG. “In the third quarter, we posted an excellent €2.9 billion in Free cash flow, and we are again aiming to achieve a double-digit Free- cash-flow return for the full fiscal year. Looking ahead, we remain highly confident that we will deliver sustainable and profitable growth. We confirm our outlook for fiscal 2025,” said Ralf P. Thomas, Chief Financial Officer of Siemens AG. • Orders grew 28% on a comparable basis, excluding currency translation and portfolio effects, driven by sharply higher volume from large orders at Mobility, and revenue was up 5% on increases in most industrial businesses • On a nominal basis, orders grew 25% to €24.7 billion, and revenue rose 3% to €19.4 billion; the book-to-bill ratio was strong at 1.28 • Profit Industrial Business came in at €2.8 billion with a profit margin of 14.9% • Net income increased to €2.2 billion; corresponding basic earnings per share (EPS) were €2.61, and EPS before purchase price allocation accounting (EPS pre PPA) were €2.78; effects related to Altair and Dotmatics, which we successfully acquired ahead of schedule at the end of Q2 FY 2025 and the beginning of Q4 FY 2025, respectively, burdened EPS pre PPA by €0.15 • Excellent Free cash flow from continuing and discontinued operations of €2.9 billion (Q3 FY 2024: €2.1 billion), including improvements in all industrial businesses
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Earnings Release Q3 FY 2025 | Siemens 2 Siemens Q3 % Change (in millions of €) FY 2025 FY 2024 Actual Comp. Orders 24,719 19,782 25% 28% Revenue 19,377 18,900 3% 5% Profit Industrial Business 2,820 3,033 (7)% therein: severance (120) (62) Profit margin Industrial Business 14.9% 16.5% excl. severance 15.6% 16.9% Income from continuing operations 2,222 2,158 3% therein: severance (143) (76) Income (loss) from discontinued operations, net of income taxes 21 (25) n/a Net income 2,243 2,133 5% Basic EPS (in €) 2.61 2.51 4% EPS pre PPA (in €) 2.78 2.66 5% Free cash flow (continuing and discontinued operations) 2,918 2,121 38% Cash conversion rate 1.30 0.99 31% ROCE 14.6% 17.3% • Orders at Mobility more than tripled due to a sharply higher volume from large orders, while Smart Infrastructure and Digital Industries reported moderate declines compared to strong prior-year quarter • Revenue growth in most industrial businesses, led by significant increase at Mobility; Digital Industries saw a decline in its software business from a very high basis of comparison • Currency translation effects took four percentage points from order growth and three percentage points from revenue growth; overall, portfolio transactions had a minimal effect on volume development • Profit Industrial Business: sharp decline at Digital Industries after exceptionally strong results in the software business in Q3 FY 2024; the other industrial businesses all increased profit and profitability, with the highest contribution coming from Smart Infrastructure • Results outside Industrial Business benefited from, among other factors, a €0.2 billion gain from closing the sale of a part of the airport logistics business • Industrial Business generated strong third-quarter Free cash flow of €3.0 billion, up from €2.5 billion in Q3 FY 2024, with improvements in all industrial businesses; cash outflows for tax payments were €0.8 billion compared to €1.2 billion in the prior- year quarter • Siemens issued US$7.0 billion and €4.0 billion in bonds with varied maturities of up to 40 years; payments are not part of Free cash flow • Provisions for pensions and similar obligations as of June 30, 2025, amounted to €0.8 billion, the same low level as of March 31, 2025 • Return on capital employed (ROCE) declined as higher net income was more than offset by a substantial increase in average capital employed, mostly resulting from the acquisition of Altair
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Earnings Release Q3 FY 2025 | Digital Industries, Smart Infrastructure, Mobility 3 Digital Industries Q3 % Change (in millions of €) FY 2025 FY 2024 Actual Comp. Orders 4,383 4,540 (3)% (4)% Revenue 4,421 4,893 (10)% (10)% therein: software business 1,540 2,067 (25)% (30)% Profit 642 1,121 (43)% therein: severance (70) (20) Profit margin 14.5% 22.9% excl. severance 16.1% 23.3% • Orders in the automation business were up from a low prior-year basis on higher demand in all three reporting regions, including substantial growth in China and the U.S.; this increase was more than offset by a decline in the software business, where orders came in below the exceptionally strong Q3 FY 2024, which had included a number of large contract wins for licensed software • The substantial revenue decline in the software business was also largely due to the high level of licensed software contracts in Q3 FY 2024; in contrast, revenue in the automation business increased year-over-year for the first time since Q4 FY 2023, mainly driven by China • Profit and profitability decreased due predominately to lower revenue in the software business; higher severance charges were mainly related to the automation business; effects related to Altair and Dotmatics totaled a negative €30 million (including severance) and reduced profit margin by 1.2 percentage points; profit in Q3 FY 2024 had benefited from a €70 million gain from the sale of a business Smart Infrastructure Q3 % Change (in millions of €) FY 2025 FY 2024 Actual Comp. Orders 5,731 5,993 (4)% (1)% Revenue 5,711 5,416 5% 9% therein: service business 1,193 1,132 5% 8% Profit 1,071 923 16% therein: severance (14) (10) Profit margin 18.8% 17.0% excl. severance 19.0% 17.2% • Orders on a comparable basis came in close to the strong Q3 FY 2024 level, which had included a number of larger orders from data center and energy customers • Revenue increase was led by the electrification business, which continued to execute strongly on its large order backlog from data center and energy customers; excluding currency headwinds and negative portfolio effects, revenue was up in all businesses and reporting regions • Smart Infrastructure again grew profit and profitability year-over- year on higher revenue, increased capacity utilization and ongoing productivity improvements Mobility Q3 % Change (in millions of €) FY 2025 FY 2024 Actual Comp. Orders 7,940 2,399 >200% >200% Revenue 3,073 2,608 18% 19% therein: service business 580 489 19% 20% Profit 286 227 26% therein: severance (5) (4) Profit margin 9.3% 8.7% excl. severance 9.5% 8.9% • Orders rose on a sharply higher volume from large orders, including an order worth €3.5 billion from an existing framework agreement for a turnkey rail system in Egypt as well as a €1.7 billion order for high-speed trains and service in the U.S. • Revenue rose in all businesses, with the strongest growth contributions coming from the rolling stock and the customer services businesses • Broad-based increases in profit and profitability on higher revenue
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Earnings Release Q3 FY 2025 | Siemens Healthineers, Siemens Financial Services, Reconciliation to Consolidated Financial Statements 4 Siemens Healthineers Q3 % Change (in millions of €) FY 2025 FY 2024 Actual Comp. Orders 6,024 6,079 (1)% 2% Revenue 5,662 5,423 4% 8% Profit 821 762 8% therein: severance (31) (27) Profit margin 14.5% 14.1% excl. severance 15.1% 14.6% • Volume development influenced by negative currency translation effects; revenue growth driven mainly by the imaging business • Higher profit year-over-year, most notably at the imaging business on higher revenue; profit and profitability declined in the diagnostics business, primarily due to higher year-over-year charges related to its transformation program Siemens Financial Services Q3 (in millions of €) FY 2025 FY 2024 Earnings before taxes (EBT) 112 131 therein: equity business 2 23 therein: severance 2 (1) ROE (after taxes) 10.3% 12.8% Jun 30, Sep 30, (in millions of €) 2025 2024 Total assets 32,044 32,841 • Siemens Financial Services recorded a solid earnings contribution with the debt business on the prior-year level and with lower income from the equity business, which included a revaluation loss • Negative currency translation effects led to a decrease in total assets compared to the end of fiscal 2024 Reconciliation to Consolidated Financial Statements Profit Q3 (in millions of €) FY 2025 FY 2024 Innovation (181) (28) Governance (18) (46) Amortization of intangible assets acquired in business combinations (210) (181) Financing, eliminations and other items 368 (57) Reconciliation to Consolidated Financial Statements (41) (313) • Innovation expenses increased in connection with activities related to our ONE Tech Company program • Financing, eliminations and other items included a €154 million gain from closing the sale of the airport logistics business in Europe, Asia and the Middle East; closing the sale of this business in the U.S. is subject to regulatory approvals and expected in calendar 2026; additionally, this item included a positive result of €121 million from revised estimates related to provisions for a legacy project and a revaluation gain of €85 million on an equity investment
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Earnings Release Q3 FY 2025 | Outlook 5 Outlook We confirm our outlook for fiscal 2025. Digital Industries expects for fiscal 2025 a change in comparable revenue, net of currency translation and portfolio effects, in a range of (6)% to 1% and a profit margin of 15% to 19%. Smart Infrastructure expects for fiscal 2025 comparable revenue growth of 6% to 9% and a profit margin of 17% to 18%, excluding a gain of €315 million recorded in Q2 FY 2025 from exiting its wiring accessories business. Mobility expects for fiscal 2025 comparable revenue growth of 8% to 10% and a profit margin of 8% to 10%. For the Siemens Group, we expect comparable revenue growth in the range of 3% to 7% and a book-to-bill ratio above 1. We expect basic EPS from net income before purchase price allocation accounting (EPS pre PPA) for fiscal 2025 in a range of €10.40 to €11.00. Effects related to Altair and Dotmatics, which we successfully acquired ahead of schedule, as well as the gain from the sale of Innomotics, are not included in this outlook. During the first nine months of fiscal 2025, these effects contributed, in total, a positive €2.44 per share to basic EPS pre PPA. This outlook also excludes burdens from legal and regulatory matters.
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Earnings Release Q3 FY 2025 | Notes and forward-looking statements 6 Notes and forward-looking statements Starting today at 08:00 a.m. CEST, the press conference call on Siemens’ third-quarter results for fiscal 2025 will be broadcast live at www.siemens.com/conferencecall. Starting today at 09:30 a.m. CEST, you can also follow the conference call for analysts and investors live at www.siemens.com/analystcall. Recordings of both conference calls will be made available afterwards. The financial publications can be downloaded at: www.siemens.com/ir. This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward- looking statements in other reports, in 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’ management, of which many are beyond Siemens’ control. These are subject to a number of risks, uncertainties and 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 Combined Management Report of the Siemens Report (siemens.com/siemensreport), and in the Interim Group Management Report of the Half-year Financial Report (provided that it is already available for the current reporting year), which should be read in conjunction with the Combined Management Report. Should one or more of these risks or uncertainties materialize, should decrees, decisions, assessments or requirements of regulatory or governmental authorities deviate from our expectations, should events of force majeure, such as pandemics, unrest or acts of war, occur or should underlying expectations including future events occur at a later date or not at all or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. This document includes – in the applicable financial reporting framework not clearly defined – supplemental financial measures that are or may be alternative performance measures (non-GAAP-measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Siemens’ net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe 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 Section 53 of the Exchange Rules for the Frankfurter Wertpapierbörse. Address Siemens AG Werner-von-Siemens-Str. 1 80333 Munich Germany Internet www.siemens.com Phone +49 89 7805-33443 (Media Relations) +49 89 7805-32474 (Investor Relations) E-Mail press@siemens.com investorrelations@siemens.com © 2025 by Siemens AG, Berlin and Munich
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Financial Results Third Quarter and First Nine Months of Fiscal 2025
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II Key figures (in millions of €, except where otherwise stated) Volume Q3 % Change Q1 - Q3 % Change FY 2025 FY 2024 Actual Comp.¹ FY 2025 FY 2024 Actual Comp.¹ Orders 24,719 19,782 25% 28% 66,427 61,123 9% 9% Revenue 19,377 18,900 3% 5% 57,488 55,118 4% 5% Book-to-bill ratio 1.28 1.16 Order backlog (in billions of €) 117 117 Profitability and Capital efficiency Q3 Q1 - Q3 FY 2025 FY 2024 % Change FY 2025 FY 2024 % Change Industrial Business Profit 2,820 3,033 (7)% 8,576 8,270 4% Profit margin 14.9% 16.5% 15.4% 15.5% Continuing operations EBITDA 3,540 3,429 3% 10,192 10,061 1% Income from continuing operations 2,222 2,158 3% 6,464 6,731 (4)% Basic EPS (in €)² 2.58 2.54 2% 7.52 7.92 (5)% Discontinued operations Income (loss) from discontinued operations, net of income taxes 21 (25) n/a 2,087 146 >200% Basic EPS (in €)² 0.03 (0.03) n/a 2.65 0.19 >200% Continuing and discontinued operations Net income 2,243 2,133 5% 8,550 6,878 24% Basic EPS (in €)² 2.61 2.51 4% 10.18 8.11 26% EPS pre PPA (in €)² 2.78 2.66 5% 10.64 8.58 24% Return on capital employed (ROCE) 14.6% 17.3% 19.9% 19.6% Capital structure and Liquidity Jun 30, 2025 Sep 30, 2024 Total equity 66,040 56,231 Industrial net debt 13,719 9,421 Industrial net debt / EBITDA³ 1.0 0.7 Q3 FY 2025 Q3 FY 2024 Q1 - Q3 FY 2025 Q1 - Q3 FY 2024 Free cash flow Continuing operations 3,001 2,168 5,737 4,686 Discontinued operations (83) (47) (233) (172) Continuing and discontinued operations 2,918 2,121 5,505 4,513 Cash conversion rate Continuing and discontinued operations 1.30 0.99 0.64 0.66 Employees Jun 30, 2025 Sep 30, 2024 (in thousands) Continuing operations Total⁴ Continuing operations Total⁴ Total 315 315 312 327 Germany 86 86 85 89 Outside Germany 229 229 227 238 ¹ Throughout excluding currency translation and portfolio effects. ² Basic EPS – attributable to shareholders of Siemens AG. For fiscal 2025 and 2024 weighted average shares outstanding (basic) (in thousands) for the third quarter amounted to 785,203 and 789,181 and for the first nine months to 786,194 and 789,395 shares, respectively. ³ Accumulative EBITDA of the previous four quarters until the reporting date. ⁴ Continuing and discontinued operations.
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III Consolidated Statements of Income Q3 Q1 - Q3 (in millions of €, per share amounts in €) FY 2025 FY 2024 FY 2025 FY 2024 Revenue 19,377 18,900 57,488 55,118 Cost of sales (11,840) (11,152) (35,192) (33,222) Gross profit 7,537 7,748 22,295 21,897 Research and development expenses (1,650) (1,561) (4,815) (4,625) Selling and general administrative expenses (3,571) (3,571) (10,729) (10,313) Other operating income 362 136 863 403 Other operating expenses (64) (139) (268) (421) Income (loss) from investments accounted for using the equity method, net 36 39 382 775 Interest income 670 703 2,123 2,119 Interest expenses (450) (447) (1,206) (1,314) Other financial income (expenses), net 21 (56) (199) (197) Income from continuing operations before income taxes 2,890 2,852 8,445 8,325 Income tax expenses (668) (694) (1,981) (1,594) Income from continuing operations 2,222 2,158 6,464 6,731 Income (loss) from discontinued operations, net of income taxes 21 (25) 2,087 146 Net income 2,243 2,133 8,550 6,878 Attributable to: Non-controlling interests 197 154 549 477 Shareholders of Siemens AG 2,046 1,980 8,001 6,401 Basic earnings per share Income from continuing operations 2.58 2.54 7.52 7.92 Income (loss) from discontinued operations 0.03 (0.03) 2.65 0.19 Net income 2.61 2.51 10.18 8.11 Diluted earnings per share Income from continuing operations 2.55 2.51 7.43 7.82 Income (loss) from discontinued operations 0.03 (0.03) 2.62 0.18 Net income 2.58 2.48 10.06 8.00 Consolidated Statements of Comprehensive Income Q3 Q1 - Q3 (in millions of €) FY 2025 FY 2024 FY 2025 FY 2024 Net income 2,243 2,133 8,550 6,878 Remeasurements of defined benefit plans (33) 419 (116) 625 therein: Income tax effects (38) (54) (93) 115 Remeasurements of equity instruments 1,625 995 4,530 1,782 therein: Income tax effects − − − 1 Income (loss) from investments accounted for using the equity method, net − − − (18) Items that will not be reclassified to profit or loss 1,592 1,414 4,414 2,389 Currency translation differences (3,506) 439 (2,453) (297) Derivative financial instruments 129 (4) 91 79 therein: Income tax effects (46) (8) (28) (27) Income (loss) from investments accounted for using the equity method, net (24) 6 (2) (66) Items that may be reclassified subsequently to profit or loss (3,401) 442 (2,365) (284) Other comprehensive income, net of income taxes (1,809) 1,855 2,050 2,106 Total comprehensive income 434 3,988 10,600 8,983 Attributable to: Non-controlling interests (251) 197 212 467 Shareholders of Siemens AG 684 3,791 10,388 8,516
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IV Consolidated Statements of Financial Position Jun 30, Sep 30, (in millions of €) 2025 2024 Assets Cash and cash equivalents 14,641 9,156 Trade and other receivables 17,043 16,963 Other current financial assets 11,369 10,492 Contract assets 8,091 7,985 Inventories 11,165 10,923 Current income tax assets 1,786 1,767 Other current assets 1,676 1,632 Assets classified as held for disposal 19 2,433 Total current assets 65,791 61,353 Goodwill 38,021 31,384 Other intangible assets 10,472 9,593 Property, plant and equipment 12,647 12,242 Investments accounted for using the equity method 926 980 Other financial assets 30,166 27,388 Deferred tax assets 2,349 2,677 Other assets 2,084 2,196 Total non-current assets 96,665 86,459 Total assets 162,455 147,812 Liabilities and equity Short-term debt and current maturities of long-term debt 10,242 6,598 Trade payables 8,573 8,843 Other current financial liabilities 1,238 2,006 Contract liabilities 12,790 12,855 Current provisions 2,414 2,730 Current income tax liabilities 1,581 1,805 Other current liabilities 7,126 7,833 Liabilities associated with assets classified as held for disposal 3 1,245 Total current liabilities 43,969 43,913 Long-term debt 46,446 41,321 Provisions for pensions and similar obligations 783 912 Deferred tax liabilities 1,459 1,483 Provisions 1,183 1,120 Other financial liabilities 688 864 Other liabilities 1,888 1,968 Total non-current liabilities 52,447 47,667 Total liabilities 96,416 91,581 Equity Issued capital 2,400 2,400 Capital reserve 7,646 7,757 Retained earnings 47,198 39,657 Other components of equity 6,112 3,615 Treasury shares, at cost (2,769) (2,165) Total equity attributable to shareholders of Siemens AG 60,587 51,264 Non-controlling interests 5,452 4,967 Total equity 66,040 56,231 Total liabilities and equity 162,455 147,812
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V Consolidated Statements of Cash Flows Q3 Q1 - Q3 (in millions of €) FY 2025 FY 2024 FY 2025 FY 2024 Cash flows from operating activities Net income 2,243 2,133 8,550 6,878 Adjustments to reconcile net income to cash flows from operating activities – continuing operations (Income) loss from discontinued operations, net of income taxes (21) 25 (2,087) (146) Amortization, depreciation and impairments 890 777 2,465 2,345 Income tax expenses 668 694 1,981 1,594 Interest (income) expenses, net (220) (256) (916) (805) (Income) loss related to investing activities (245) (35) (796) (730) Other non-cash (income) expenses (219) 261 448 244 Change in operating net working capital from Contract assets (63) (221) (395) (563) Inventories (44) (204) (491) (1,118) Trade and other receivables (252) (208) (379) (256) Trade payables 59 (176) (162) (1,095) Contract liabilities (112) (137) 320 930 Additions to assets leased to others in operating leases (96) (114) (320) (281) Change in other assets and liabilities 1,034 582 (711) (282) Income taxes paid (768) (1,187) (2,366) (2,846) Dividends received 67 80 196 205 Interest received 633 671 2,008 2,022 Cash flows from operating activities – continuing operations 3,556 2,687 7,346 6,095 Cash flows from operating activities – discontinued operations (83) (28) (233) (135) Cash flows from operating activities – continuing and discontinued operations 3,472 2,659 7,113 5,961 Cash flows from investing activities Additions to intangible assets and property, plant and equipment (554) (519) (1,609) (1,410) Acquisitions of businesses, net of cash acquired (862) (7) (9,967) (396) Purchase of investments and financial assets for investment purposes (424) (279) (925) (658) Change in receivables from financing activities (277) (51) (514) (284) Disposal of intangibles and property, plant and equipment 24 (1) 87 44 Disposal of businesses, net of cash disposed 148 94 558 70 Disposal of investments and financial assets for investment purposes 544 342 3,736 760 Cash flows from investing activities – continuing operations (1,402) (421) (8,634) (1,873) Cash flows from investing activities – discontinued operations 152 (33) 3,219 (54) Cash flows from investing activities – continuing and discontinued operations (1,250) (454) (5,415) (1,927) Cash flows from financing activities Purchase of treasury shares (827) (339) (1,455) (993) Re-issuance of treasury shares and other transactions with owners 123 − 1,502 (2,139) Issuance of long-term debt 10,121 − 10,881 6,688 Repayment of long-term debt (including current maturities of long-term debt) (1,522) (1,192) (4,835) (5,371) Change in short-term debt and other financing activities (7,368) 58 3,439 851 Interest paid (287) (305) (1,147) (1,115) Dividends paid to shareholders of Siemens AG − − (4,093) (3,709) Dividends attributable to non-controlling interests (53) (279) (381) (355) Cash flows from financing activities – continuing operations 187 (2,057) 3,912 (6,141) Cash flows from financing activities – discontinued operations − 1 − (14) Cash flows from financing activities – continuing and discontinued operations 187 (2,056) 3,912 (6,155) Effect of changes in exchange rates on cash and cash equivalents (455) 19 (337) (73) Change in cash and cash equivalents 1,955 168 5,273 (2,195) Cash and cash equivalents at beginning of period 12,686 7,721 9,368 10,084 Cash and cash equivalents at end of period 14,641 7,889 14,641 7,889 Less: Cash and cash equivalents of assets classified as held for disposal and discontinued operations at end of period − 131 − 131 Cash and cash equivalents at end of period (Consolidated Statements of Financial Position) 14,641 7,758 14,641 7,758
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VI Overview of Segment figures Orders Revenue Profit (SFS: EBT) Profit margin (SFS: ROE) Net capital employed (SFS: Total assets) Free cash flow Q3 % Change Q3 % Change Q3 Q3 Jun 30, Sep 30, Q3 (in millions of €) FY 2025 FY 2024 Actual Comp. FY 2025 FY 2024 Actual Comp. FY 2025 FY 2024 FY 2025 FY 2024 2025 2024 FY 2025 FY 2024 Digital Industries 4,383 4,540 (3)% (4)% 4,421 4,893 (10)% (10)% 642 1,121 14.5% 22.9% 18,921 10,476 1,103 951 Smart Infrastructure 5,731 5,993 (4)% (1)% 5,711 5,416 5% 9% 1,071 923 18.8% 17.0% 7,044 6,650 1,011 1,007 Mobility 7,940 2,399 >200% >200% 3,073 2,608 18% 19% 286 227 9.3% 8.7% 3,194 2,018 (115) (263) Siemens Healthineers 6,024 6,079 (1)% 2% 5,662 5,423 4% 8% 821 762 14.5% 14.1% 32,715 33,457 1,007 838 Industrial Business 24,079 19,011 27% 30% 18,866 18,340 3% 5% 2,820 3,033 14.9% 16.5% 61,874 52,601 3,005 2,532 Siemens Financial Services (SFS) 92 88 − − 92 88 − − 112 131 10.3% 12.8% 32,044 32,841 175 236 Reconciliation to Consolidated Financial Statements 549 683 − − 419 471 − − (41) (313) − − 68,538 62,369 (178) (600) Siemens (continuing operations) 24,719 19,782 25% 28% 19,377 18,900 3% 5% 2,890 2,852 − − 162,455 147,812 3,001 2,168 Orders Revenue Profit (SFS: EBT) Profit margin (SFS: ROE) Net capital employed (SFS: Total assets) Free cash flow Q1 - Q3 % Change Q1 - Q3 % Change Q1 - Q3 Q1 - Q3 Jun 30, Sep 30, Q1 - Q3 (in millions of €) FY 2025 FY 2024 Actual Comp. FY 2025 FY 2024 Actual Comp. FY 2025 FY 2024 FY 2025 FY 2024 2025 2024 FY 2025 FY 2024 Digital Industries 12,866 12,770 1% 1% 12,757 13,961 (9)% (9)% 1,864 2,757 14.6% 19.7% 18,921 10,476 2,253 2,122 Smart Infrastructure 17,893 17,917 0% 0% 16,741 15,392 9% 9% 3,339 2,662 19.9% 17.3% 7,044 6,650 2,629 2,066 Mobility 14,472 11,191 29% 31% 9,228 8,130 14% 14% 826 715 8.9% 8.8% 3,194 2,018 (334) 11 Siemens Healthineers 18,894 17,399 9% 9% 17,053 16,034 6% 7% 2,547 2,135 14.9% 13.3% 32,715 33,457 2,293 1,714 Industrial Business 64,125 59,278 8% 9% 55,780 53,516 4% 4% 8,576 8,270 15.4% 15.5% 61,874 52,601 6,842 5,913 Siemens Financial Services (SFS) 280 309 − − 280 309 − − 531 540 20.1% 20.1% 32,044 32,841 559 587 Reconciliation to Consolidated Financial Statements 2,023 1,536 − − 1,428 1,293 − − (662) (485) − − 68,538 62,369 (1,663) (1,815) Siemens (continuing operations) 66,427 61,123 9% 9% 57,488 55,118 4% 5% 8,445 8,325 − − 162,455 147,812 5,737 4,686
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VII EBITDA Reconciliation Profit Amortization of intangible assets acquired in business combinations Financial income (expenses), net EBIT Amortization, depreciation and impairments EBITDA Q3 Q3 Q3 Q3 Q3 Q3 (in millions of €) FY 2025 FY 2024 FY 2025 FY 2024 FY 2025 FY 2024 FY 2025 FY 2024 FY 2025 FY 2024 FY 2025 FY 2024 Digital Industries 642 1,121 (76) (44) − − 566 1,077 154 123 719 1,200 Smart Infrastructure 1,071 923 (21) (25) − − 1,050 898 101 101 1,151 999 Mobility 286 227 (25) (26) − − 261 202 67 63 328 265 Siemens Healthineers 821 762 (87) (86) − − 734 677 370 294 1,105 971 Industrial Business 2,820 3,033 (209) (180) − − 2,611 2,853 692 581 3,303 3,435 Siemens Financial Services 112 131 − − 196 236 (84) (105) 34 39 (50) (66) Reconciliation to Consolidated Financial Statements (41) (313) 210 181 45 (36) 123 (96) 163 157 287 61 Siemens (continuing operations) 2,890 2,852 − − 241 200 2,650 2,652 890 777 3,540 3,429 Profit Amortization of intangible assets acquired in business combinations Financial income (expenses), net EBIT Amortization, depreciation and impairments EBITDA Q1 - Q3 Q1 - Q3 Q1 - Q3 Q1 - Q3 Q1 - Q3 Q1 - Q3 (in millions of €) FY 2025 FY 2024 FY 2025 FY 2024 FY 2025 FY 2024 FY 2025 FY 2024 FY 2025 FY 2024 FY 2025 FY 2024 Digital Industries 1,864 2,757 (148) (145) − − 1,716 2,612 376 372 2,092 2,984 Smart Infrastructure 3,339 2,662 (64) (74) − − 3,275 2,588 300 292 3,575 2,880 Mobility 826 715 (77) (76) − − 749 639 200 187 949 826 Siemens Healthineers 2,547 2,135 (266) (268) − − 2,281 1,867 988 913 3,269 2,780 Industrial Business 8,576 8,270 (554) (563) − − 8,022 7,707 1,863 1,764 9,885 9,470 Siemens Financial Services 531 540 (1) (1) 579 659 (49) (119) 108 120 59 1 Reconciliation to Consolidated Financial Statements (662) (485) 555 564 139 (50) (245) 128 494 461 249 589 Siemens (continuing operations) 8,445 8,325 − − 717 609 7,727 7,716 2,465 2,345 10,192 10,061
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VIII Orders & Revenue by region Orders Revenue Q3 % Change Q3 % Change (in millions of €) FY 2025 FY 2024 Actual Comp. FY 2025 FY 2024 Actual Comp. Europe, C.I.S., Africa, Middle East 12,483 8,305 50% 51% 9,085 8,247 10% 10% therein: Germany 2,822 2,609 8% 8% 2,782 2,599 7% 7% Americas 7,898 6,648 19% 25% 6,347 6,063 5% 9% therein: U.S. 7,061 5,611 26% 31% 5,479 5,116 7% 11% Asia, Australia 4,337 4,829 (10)% (5)% 3,945 4,589 (14)% (10)% therein: China 1,705 2,327 (27)% (21)% 1,791 2,479 (28)% (23)% Siemens (continuing operations) 24,719 19,782 25% 28% 19,377 18,900 3% 5% Orders Revenue Q1 - Q3 % Change Q1 - Q3 % Change (in millions of €) FY 2025 FY 2024 Actual Comp. FY 2025 FY 2024 Actual Comp. Europe, C.I.S., Africa, Middle East 31,962 29,986 7% 6% 26,869 25,684 5% 4% therein: Germany 8,649 8,355 4% 3% 8,423 8,144 3% 3% Americas 21,799 18,929 15% 16% 18,815 16,939 11% 12% therein: U.S. 18,397 15,846 16% 16% 16,150 14,193 14% 13% Asia, Australia 12,666 12,208 4% 5% 11,804 12,496 (6)% (4)% therein: China 5,345 5,653 (5)% (4)% 5,284 6,200 (15)% (14)% Siemens (continuing operations) 66,427 61,123 9% 9% 57,488 55,118 4% 5%