Earnings release
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Exhibit 99.1
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Appendix Page 1 Adient plc Condensed Consolidated Statements of Income (Loss) (Unaudited) Three Months EndedSeptember 30, Twelve Months EndedSeptember 30, (in millions, except per share data) 2026 2025 2026 2025 Net sales $ 3,730 $ 3,688 $ 15,168 $ 14,535 Cost of sales 3,481 3,441 14,210 13,574 Gross profit 249 247 958 961 Selling, general and administrative expenses 151 124 555 522 Restructuring and impairment costs 74 11 108 392 Equity income 20 8 80 68 Earnings before interest and income taxes 44 120 375 115 Net financing charges 62 49 206 193 Other pension expense (income) (16) 7 (11) 10 Income (loss) before income taxes (2) 64 180 (88) Income tax expense 18 26 115 103 Net income (loss) (20) 38 65 (191) Income attributable to noncontrolling interests 27 20 82 90 Net income (loss) attributable to Adient $ (47) $ 18 $ (17) $ (281) Diluted earnings (loss) per share $ (0.62) $ 0.22 $ (0.22) $ (3.39) Shares outstanding at period end 74.8 79.2 74.8 79.2 Diluted weighted average shares 76.1 81.3 77.8 83.0
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Appendix Page 2 Adient plc Condensed Consolidated Statements of Financial Position (Unaudited) September 30, (in millions) 2026 2025 Assets Cash and cash equivalents $ 886 $ 958 Accounts receivable - net 1,975 1,873 Inventories 690 695 Other current assets 495 607 Current assets 4,046 4,133 Property, plant and equipment - net 1,401 1,409 Goodwill 1,808 1,807 Other intangible assets - net 290 319 Investments in partially-owned affiliates 267 276 Assets held for sale 20 9 Other noncurrent assets 986 1,001 Total assets $ 8,818 $ 8,954 Liabilities and Shareholders' Equity Short-term debt $ 14 $ 11 Accounts payable and accrued expenses 3,058 2,942 Other current liabilities 656 734 Current liabilities 3,728 3,687 Long-term debt 2,338 2,386 Other noncurrent liabilities 737 723 Redeemable noncontrolling interests 88 95 Shareholders' equity attributable to Adient 1,634 1,766 Noncontrolling interests 293 297 Total liabilities and shareholders' equity $ 8,818 $ 8,954
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Appendix Page 3 Adient plc Condensed Consolidated Statements of Cash Flows (Unaudited) Three Months EndedSeptember 30, Twelve Months EndedSeptember 30, (in millions) 2026 2025 2026 2025 Operating Activities Net income (loss) attributable to Adient $ (47) $ 18 $ (17) $ (281) Income attributable to noncontrolling interests 27 20 82 90 Net income (loss) (20) 38 65 (191) Adjustments to reconcile net income (loss) to cash provided (used) by operating activities: Depreciation 75 72 286 279 Amortization of intangibles 12 11 47 46 Pension and postretirement benefit expense (income) (9) 9 1 16 Pension and postretirement contributions, net (2) (3) (18) (18) Equity in earnings of partially-owned affiliates, net of dividends received 11 20 29 36 Gain on sale / impairment of nonconsolidated partially owned affiliate — — — (4) Premium paid on repurchase of debt 10 — 10 — Deferred income taxes 2 (29) (14) (28) Non-cash impairment charge — (2) — 341 Equity-based compensation 8 12 34 32 Other 4 (12) 7 (15) Changes in assets and liabilities: Receivables (85) (49) (140) 31 Inventories 37 31 (4) 75 Other assets 143 16 180 (121) Accounts payable and accrued liabilities (13) 65 47 (69) Accrued income taxes (6) 34 3 39 Cash provided by operating activities 167 213 533 449 Investing Activities Capital expenditures (106) (79) (311) (245) Sale of property, plant and equipment — 18 8 34 Settlement of derivatives — — 3 — Acquisition of businesses, net of cash acquired (7) — (11) — Business divestitures — — — 27 Changes in long-term investments — — (6) (3) Other — 2 (1) 1 Cash used by investing activities (113) (59) (318) (186) Financing Activities Drawdown of ABL revolver and other bank borrowings — 2 153 2 Repayment of ABL revolver and other bank borrowings — — (155) (1) Issuance of long-term debt 500 — 500 795 Repayment of long-term debt, including premium paid (549) (2) (556) (803) Debt financing costs (5) — (12) (13) Share repurchases (45) (50) (100) (125) Cash paid to acquire a noncontrolling interest — — — (28) Dividends paid to noncontrolling interests (5) (4) (92) (90) Other — (1) (5) (4) Cash used by financing activities (104) (55) (267) (267) Effect of exchange rate changes on cash and cash equivalents 12 (1) (20) 17 Increase (decrease) in cash and cash equivalents $ (38) $ 98 $ (72) $ 13
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Appendix Page 4 Footnotes 1. Segment Results Adient manages its business on a geographic basis and operates in the following three reportable segments for financial reporting purposes: 1) Americas, which is inclusive of North America and South America; 2) Europe, the Middle East and Africa ("EMEA") and 3) Asia Pacific/China ("Asia"). Adient evaluates the performance of its reportable segments using an adjusted EBITDA metric defined as income (loss) before income taxes and noncontrolling interests, excluding net financing charges, restructuring and impairment costs, restructuring related-costs, net mark-to-market adjustments on pension and postretirement plans, transaction gains/losses, purchase accounting amortization, depreciation, stock-based compensation and other non-recurring items ("Adjusted EBITDA"). Also, certain corporate-related costs are not allocated to the segments. The reportable segments are consistent with how management views the markets served by Adient and reflect the financial information that is reviewed by its chief operating decision maker. Financial information relating to Adient's reportable segments is as follows: (in millions) Three months ended September 30, 2026 Americas EMEA Asia Corporate/Eliminations Consolidated Net sales $ 1,915 $ 1,054 $ 785 $ (24) $ 3,730 Adjusted EBITDA $ 85 $ 32 $ 136 $ (24) $ 229 Adjusted EBITDA margin 4.4 % 3.0 % 17.3 % N/A 6.1 % Three months ended September 30, 2025 Americas EMEA Asia Corporate/Eliminations Consolidated Net sales $ 1,786 $ 1,145 $ 783 $ (26) $ 3,688 Adjusted EBITDA $ 111 $ 31 $ 106 $ (22) $ 226 Adjusted EBITDA margin 6.2 % 2.7 % 13.5 % N/A 6.1 % (in millions) Twelve months ended September 30, 2026 Americas EMEA Asia Corporate/Eliminations Consolidated Net sales $ 7,369 $ 4,742 $ 3,148 $ (91) $ 15,168 Adjusted EBITDA $ 399 $ 125 $ 450 $ (90) $ 884 Adjusted EBITDA margin 5.4 % 2.6 % 14.3 % N/A 5.8 % Twelve months ended September 30, 2025 Americas EMEA Asia Corporate/Eliminations Consolidated Net sales $ 6,856 $ 4,773 $ 2,983 $ (77) $ 14,535 Adjusted EBITDA $ 402 $ 124 $ 440 $ (85) $ 881 Adjusted EBITDA margin 5.9 % 2.6 % 14.8 % N/A 6.1 %
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Appendix Page 5 Three Months EndedSeptember 30, Twelve Months EndedSeptember 30, (in millions) 2026 2025 2026 2025 Adjusted EBITDA Americas $ 85 $ 111 $ 399 $ 402 EMEA 32 31 125 124 Asia 136 106 450 440 Subtotal 253 248 974 966 Corporate-related costs (24) (22) (90) (85) Restructuring and impairment costs (74) (11) (108) (392) Purchase accounting amortization (12) (12) (47) (47) Restructuring related activities (9) 2 (30) (11) Equity based compensation (8) (12) (34) (32) Depreciation (75) (72) (286) (279) Gain on disposal transactions — — — 4 Other items (7) (1) (4) (9) Earnings before interest and income taxes 44 120 375 115 Net financing charges (62) (49) (206) (193) Other pension income (expense) 16 (7) 11 (10) Income (loss) before income taxes $ (2) $ 64 $ 180 $ (88) Refer to the Footnote Addendum for footnote explanations. 2. Earnings Per Share The following table reconciles the numerators and denominators used to calculate basic and diluted earnings (loss) per share: Three Months EndedSeptember 30, Twelve Months EndedSeptember 30, (in millions, except per share data) 2026 2025 2026 2025 Income available to shareholders Net income (loss) attributable to Adient $ (47) $ 18 $ (17) $ (281) Weighted average shares outstanding Basic weighted average shares outstanding 76.1 80.3 77.8 83.0 Effect of dilutive securities: Stock options, unvested restricted stock and unvestedperformance share awards — 1.0 — — Diluted weighted average shares outstanding 76.1 81.3 77.8 83.0 (1) (2) (3) (4) (5) (6)
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Appendix Page 6 3. Non-GAAP Measures Adjusted EBIT, adjusted EBIT margin, adjusted EBITDA, adjusted EBITDA margin, adjusted net income attributable to Adient, adjusted effective tax rate, adjusted earnings per share, adjusted equity income, adjusted interest expense, free cash flow, net debt, and net leverage ratio as well as other measures presented on an adjusted basis are not recognized terms under U.S. GAAP and do not purport to be alternatives to the most comparable U.S. GAAP amounts. Since all companies do not use identical calculations, our definition and presentation of these measures may not be comparable to similarly titled measures reported by other companies. Management uses the identified non-GAAP measures to evaluate the operating performance of the Company and its business segments and to forecast future periods. Management believes these non-GAAP measures assist investors and other interested parties in evaluating Adient's on-going operations and provide important supplemental information to management and investors regarding financial and business trends relating to Adient's financial condition and results of operations. Investors should not consider these non-GAAP measures as alternatives to the related GAAP measures. Reconciliations of non-GAAP measures to their closest U.S. GAAP equivalent are presented in the corresponding tables that follow the definitions below. Reconciliations of non-GAAP measures related to guidance for any future period have not been provided due to the unreasonable efforts it would take to provide such reconciliations. (a) Adjusted EBIT is defined as income (loss) before income taxes and noncontrolling interests excluding net financing charges,restructuring, impairment and related costs, purchase accounting amortization, transaction gains/losses, other significant non-recurring items, and net mark-to-market adjustments on pension and postretirement plans. Adjusted EBIT margin is adjusted EBITas a percentage of net sales. (b) Adjusted EBITDA is defined as adjusted EBIT excluding depreciation and equity based compensation. Certain corporate-relatedcosts are not allocated to the business segments in determining adjusted EBITDA. Adjusted EBITDA margin is adjusted EBITDAas a percentage of net sales. (c) Adjusted net income attributable to Adient is defined as net income (loss) attributable to Adient excluding restructuring,impairment and related costs, purchase accounting amortization, transaction gains/losses, expenses associated with becoming anindependent company, other significant non-recurring items, net mark-to-market adjustments on pension and postretirement plans,the tax impact of these items and other discrete tax charges/benefits. (d) Adjusted income tax expense (benefit) is defined as income tax expense adjusted for the tax effect of the adjustments to incomebefore income taxes and other discrete tax changes/benefits. Adjusted effective tax rate is defined as adjusted income tax expense(benefit) as a percentage of adjusted income before income taxes. (e) Adjusted diluted earnings per share is defined as adjusted net income (loss) attributable to Adient divided by diluted weightedaverage shares. (f) Adjusted equity income is defined as equity income excluding amortization of Adient's intangible assets related to its non-consolidated joint ventures and other unusual or non-recurring items impacting equity income. (g) Adjusted interest expense is defined as net financing charges excluding unusual or one-time items impacting interest expense. (h) Free cash flow is defined as cash provided by operating activities less capital expenditures. (i) Net debt is calculated as total debt (short-term and long-term) less cash and cash equivalents. (j) Net leverage ratio is calculated as net debt divided by adjusted EBITDA for the last four quarters.
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Appendix Page 7 Reconciliations of non-GAAP measures to their closest US GAAP equivalent: (a) & (b) Adjusted EBIT and Adjusted EBITDA The following table reconciles net income (loss) to EBIT, adjusted EBIT and adjusted EBITDA: Three Months EndedSeptember 30, Twelve Months EndedSeptember 30, (in millions) 2026 2025 2026 2025 Net income (loss) $ (20) $ 38 $ 65 $ (191) Net financing charges 62 49 206 193 Other pension expense (income) (16) 7 (11) 10 Income tax expense 18 26 115 103 Earnings before interest and income taxes (EBIT) $ 44 $ 120 $ 375 $ 115 EBIT adjustments: Restructuring and impairment charges 74 11 108 392 Purchase accounting amortization 12 12 47 47 Restructuring related activities 9 (2) 30 11 Gain on disposal transactions — — — (4) Other items 7 1 4 9 EBIT adjustments total 102 22 189 455 Adjusted EBIT $ 146 $ 142 $ 564 $ 570 EBITDA adjustments: Depreciation 75 72 286 279 Equity based compensation 8 12 34 32 Adjusted EBITDA $ 229 $ 226 $ 884 $ 881 Net sales $ 3,730 $ 3,688 $ 15,168 $ 14,535 Net income (loss) as % of net sales (0.5)% 1.0 % 0.4 % (1.3)% EBIT as % of net sales 1.2 % 3.3 % 2.5 % 0.8 % Adjusted EBIT as % of net sales 3.9 % 3.9 % 3.7 % 3.9 % Adjusted EBITDA as % of net sales 6.1 % 6.1 % 5.8 % 6.1 % Refer to the Footnote Addendum for footnote explanations. (2) (3) (4) (5) (6)
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Appendix Page 8 (c) Adjusted net income attributable to Adient The following table reconciles net income (loss) attributable to Adient to adjusted net income attributable to Adient: Three Months EndedSeptember 30, Twelve Months EndedSeptember 30, (in millions) 2026 2025 2026 2025 Net income (loss) attributable to Adient $ (47) $ 18 $ (17) $ (281) Net income adjustments: EBIT adjustments total - see table (a) & (b) 102 22 189 455 Tax impact of EBIT adjustments and other tax items - see table (d) (12) (4) (19) (16) Pension mark-to-market & settlement loss (gain) (17) 7 (15) 7 Fees paid on Term Loan B modifications 2 — 2 — Premium paid on repurchase of debt 10 — 10 — Write off of deferred financing costs upon repurchase of debt 3 — 3 2 Impact of adjustments on noncontrolling interests (1) (1) (6) (6) Net income (loss) adjustments total 87 24 164 442 Adjusted net income attributable to Adient $ 40 $ 42 $ 147 $ 161 Refer to the Footnote Addendum for footnote explanations. (d) Adjusted income tax expense and effective tax rate The following tables reconcile income (loss) before income taxes to adjusted income before income taxes, income tax expense (benefit) to adjusted income tax expense (benefit) and presents the related effective tax rate and adjusted effective tax rate: Three months ended September 30, 2026 2025 (in millions, except effective tax rate) Income beforeincome taxes Income taxexpense(benefit) Effective taxrate Income beforeincome taxes Income taxexpense(benefit) Effective taxrate As reported $ (2) $ 18 nm $ 64 $ 26 40.6 % Adjustments EBIT adjustments - see table (a) & (b) 102 16 15.7 % 22 3 13.6 % Premium paid on repurchase of debt 10 — — % — — nm Write off of deferred financing chargesupon repurchase of debt 3 — — % — — nm Fees paid on Term Loan B modifications 2 — — % — — nm Pension mark-to-market & settlement loss (17) — — % 7 4 57.1 % UTP establishments and interest — (5) nm — (4) nm Tax audit closures and statute expirations — — nm — 2 nm FX remeasurements of tax balances — (2) nm — 1 nm Other — 3 nm — (2) nm Subtotal of adjustments 100 12 12.0 % 29 4 13.8 % As adjusted $ 98 $ 30 30.6 % $ 93 $ 30 32.3 % (7)
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Appendix Page 9 Twelve months ended September 30, 2026 2025 (in millions, except effective tax rate) Income beforeincome taxes Income taxexpense(benefit) Effective taxrate Income beforeincome taxes Income taxexpense(benefit) Effective taxrate As reported $ 180 $ 115 63.9 % $ (88) $ 103 nm Adjustments EBIT adjustments - see table (a) & (b) 189 24 12.7 % 455 23 5.1 % Premium paid on repurchase of debt 10 — — % — — nm Write off of deferred financing chargesupon repurchase of debt 3 — — % 2 — — % Fees paid on Term Loan B modifications 2 — — % — — nm Pension mark-to-market & settlement loss (15) — — % 7 4 57.1 % NOL DTA adjustments — — nm — (19) nm UTP establishments and interest — (34) nm — (17) nm Tax audit closures and statute expirations — 12 nm — 25 nm Intellectual property rights transfer — 11 nm — — nm FX remeasurements of tax balances — 2 nm — 4 nm Other — 4 nm — (4) nm Subtotal of adjustments 189 19 10.1 % 464 16 3.4 % As adjusted $ 369 $ 134 36.3 % $ 376 $ 119 31.6 % (e) Adjusted diluted earnings per share The following table shows the calculation of diluted earnings per share on an adjusted basis: Three Months EndedSeptember 30, Twelve Months EndedSeptember 30, (in millions, except per share data) 2026 2025 2026 2025 Numerator: Adjusted net income attributable to Adient - see table (c) $ 40 $ 42 $ 147 $ 161 Denominator: Basic weighted average shares outstanding 76.1 80.3 77.8 83.0 Effect of dilutive securities: Unvested restricted stock and unvested performance share awards 1.3 1.0 1.0 0.4 Diluted weighted average shares outstanding 77.4 81.3 78.8 83.4 Adjusted diluted earnings per share $ 0.52 $ 0.52 $ 1.87 $ 1.93
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Appendix Page 10 The following table reconciles diluted earnings (loss) per share as reported to adjusted diluted earnings per share (see table (c) for corresponding dollar amounts): Three Months EndedSeptember 30, Twelve Months EndedSeptember 30, 2026 2025 2026 2025 Diluted earnings (loss) per share as reported $ (0.62) $ 0.22 $ (0.22) $ (3.39) EBIT adjustments total 1.33 0.27 2.40 5.47 Tax impact of EBIT adjustments and other tax items (0.16) (0.05) (0.24) (0.18) Pension mark-to-market & settlement loss (0.22) 0.09 (0.19) 0.08 Fees paid on Term Loan B modifications 0.03 — 0.03 — Premium paid on repurchase of debt 0.13 — 0.13 — Write off of deferred financing costs upon repurchase of debt 0.04 — 0.04 0.02 Impact of adjustments on noncontrolling interests (0.01) (0.01) (0.08) (0.07) Adjusted diluted earnings per share $ 0.52 $ 0.52 $ 1.87 $ 1.93 (f) Adjusted equity income The following table reconciles equity income to adjusted equity income: Three Months EndedSeptember 30, Twelve Months EndedSeptember 30, (in millions) 2026 2025 2026 2025 Equity income $ 20 $ 8 $ 80 $ 68 Equity income adjustments: Gain on disposal transactions — — — (4) Restructuring charges at an affiliate — (1) 3 5 Purchase accounting amortization and other — 1 — 2 Equity income adjustments total — — 3 3 Adjusted equity income $ 20 $ 8 $ 83 $ 71 (g) Adjusted interest expense The following table reconciles net financing charges to adjusted net financing charges: Three Months EndedSeptember 30, Twelve Months EndedSeptember 30, (in millions) 2026 2025 2026 2025 Net financing charges $ 62 $ 49 $ 206 $ 193 Interest expense adjustments: Premium paid on repurchase of debt (10) — (10) — Write off of deferred financing costs upon repurchase of debt (3) — (3) (2) Fees paid on Term Loan B modifications (2) — (2) — Interest expense adjustments total (15) — (15) (2) Adjusted net financing charges $ 47 $ 49 $ 191 $ 191 (5)
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Appendix Page 11 (h) Free cash flow The following table reconciles cash from operating activities to free cash flow: Three Months EndedSeptember 30, Twelve Months EndedSeptember 30, (in millions) 2026 2025 2026 2025 Operating cash flow $ 167 $ 213 $ 533 $ 449 Capital expenditures (106) (79) (311) (245) Free cash flow ** 61 134 222 204 ** Free cash flows for the twelve months ended September 30, 2026 and 2025 exclude dividends paid to noncontrolling interests of $92 million and $90 million, respectively. The following table reconciles adjusted EBITDA to free cash flow: Three Months EndedSeptember 30, Twelve Months EndedSeptember 30, (in millions) 2026 2025 2026 2025 Adjusted EBITDA $ 229 $ 226 $ 884 $ 881 Adjusted equity income (20) (8) (83) (71) Dividends from partially-owned affiliates 32 28 110 100 Restructuring (cash) (28) (30) (105) (131) Trade working capital (Net AR/AP + Inventory) 32 29 137 (9) Interest paid (57) (46) (207) (188) Cash taxes (23) (22) (127) (92) Other 2 36 (76) (41) Capital expenditures (106) (79) (311) (245) Free cash flow $ 61 $ 134 $ 222 $ 204
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Appendix Page 12 (i) & (j) Net debt and net leverage ratio The following table presents calculations of net debt and net leverage ratio: September 30, September 30, (in millions) 2026 2025 Numerator: Short-term debt $ — $ 2 Current portion of long-term debt 14 9 Long-term debt 2,338 2,386 Total debt 2,352 2,397 Less: cash and cash equivalents (886) (958) Net debt $ 1,466 $ 1,439 Denominator: Adjusted EBITDA - last four quarters Q1 2025 na 196 Q2 2025 na 233 Q3 2025 na 226 Q4 2025 na 226 Q1 2026 207 na Q2 2026 223 na Q3 2026 225 na Q4 2026 - see table (a) & (b) 229 na Last four quarters $ 884 $ 881 Net leverage ratio 1.66 1.63
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Appendix Page 13 Footnote Addendum (1) Corporate-related costs not allocated to the segments include executive office, communications, corporate development, legal and corporate finance. (2) Reflects restructuring charges for costs that are probable and reasonably estimable and one-time asset impairments, including a $333 million goodwill impairment and an $8 million impairment of the Adient Aerospace joint venture recorded during the twelve months ended September 30, 2025. (3) Reflects amortization of intangible assets including those related to partially owned affiliates recorded within equity income. (4) Reflects restructuring-related charges for costs that are recorded as incurred or as earned and other non-recurring impacts that are directly attributable to restructuring activities: Three Months EndedSeptember 30, Twelve Months EndedSeptember 30, (in millions) 2026 2025 2026 2025 Restructuring related charges $ (9) $ (11) $ (27) $ (29) Restructuring adjustments/(charges) at an affiliate — 1 (3) (5) Gain on sales of restructured facilities — 12 — 23 $ (9) $ 2 $ (30) $ (11) (5) Reflects $4 million gain on sale of Setex recorded during the twelve months ended September 30, 2025. (6) Other items include: Three Months EndedSeptember 30, Twelve Months EndedSeptember 30, (in millions) 2026 2025 2026 2025 Non-recurring contract related settlement $ — $ — $ 2 $ 2 Transaction costs (1) (1) (5) (10) Non-recurring FX-related expense (6) — (6) — Non-recurring reserve release — — 5 — Other — — — (1) $ (7) $ (1) $ (4) $ (9) (7) Reflects the impact of adjustments, primarily purchase accounting amortization on noncontrolling interests.