Financials ECARX Holdings Inc.

Equities

Market Closed - Nasdaq Other stock markets 21:00:00 13/02/2026 GMT			5-day change	1st Jan Change
1.650 ^USD	-6.78%		-1.20%	-4.07%

02-12	ECARX Holdings Inc., Q4 2025 Earnings Call, Feb 12, 2026
02-12	ECARX Holdings Inc. Announces Departure of Phil Zhou as Chief Financial Officer	CI

Fiscal Period: December	2022	2023	2024	2025	2026	2027
Net sales ¹	-	657.1	761.9	847.9	1,148	1,535
Change	-	-	15.95%	11.29%	35.41%	33.71%
EBITDA ¹	-	-124.7	-81	-14.4	51.35	86.77
Change	-	-	35.04%	82.22%	456.57%	68.99%
EBIT ¹	-	-129.4	-120.9	-54.7	20.34	54.64
Change	-	-	6.57%	54.76%	137.18%	168.64%
Interest Paid ¹	-	-11.2	-18.3	-23.26	-51.4	-9
Earnings before Tax (EBT) ¹	-	-143.7	-135.4	-67.7	-16.85	73.79
Change	-	-	5.78%	50%	75.11%	537.89%
Net income ¹	-223.2	-132.6	-127.7	-66	-7.968	69.37
Change	-	40.59%	3.7%	48.32%	87.93%	970.69%
Announcement Date	24/04/23	28/02/24	11/03/25	12/02/26	-	-

¹USD in Million

Estimates

Fiscal Period: December	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	111.1	131.4	148	263.1	128.5	173	203.1	265.9	168.5	155.6	219.9	304.7	204.6	197.5	287.4	360.6
Change	-	18.27%	12.63%	77.77%	-51.16%	34.63%	17.4%	30.92%	-36.63%	-7.66%	41.32%	38.56%	-32.85%	-3.49%	45.53%	25.48%
EBITDA ¹	-	-21.8	-24.6	-40.3	-30.8	-28.9	-33.1	10.3	-	-29.7	8.3	21.6	14.41	6.823	19.1	21.55
Change	-	-	-12.84%	-63.82%	23.57%	6.17%	-14.53%	131.12%	-	-	127.95%	160.24%	-33.3%	-52.64%	180.01%	12.81%
EBIT ¹	-23.9	-23.1	-32.8	-42.1	-35.3	-31.5	-43.9	-12	-24.6	-40.4	3.3	7.1	6.377	-1.35	10.76	11.43
Change	-	3.35%	-41.99%	-28.35%	16.15%	10.76%	-39.37%	72.67%	-105%	-64.23%	108.17%	115.15%	-10.18%	-121.17%	897.33%	6.22%
Charge d'intérêts ¹	-	-2.8	-2.7	-3	-3	-3.3	-4	-8.3	-4.7	-5.5	-3.7	-3.619	-12.85	-12.85	-12.85	-12.85
Earnings before Tax (EBT) ¹	-28.4	-26.5	-38.6	-46.2	-42.1	-42.2	-	-5.2	-26.8	-	-	2	-4.696	-12.2	-0.306	0.35
Change	-	6.69%	-45.66%	-19.69%	8.87%	-0.24%	-	-	-415.38%	-	-	410.1%	-334.8%	-159.8%	97.49%	214.38%
Net income ¹	-28.4	-24.3	-36.4	-41.8	-39.6	-42.3	-46.3	-4.9	-25.8	-43	0.4	2.6	-4.461	-11.59	-0.291	0.333
Change	-	14.44%	-49.79%	-14.84%	5.26%	-6.82%	-9.46%	89.42%	-426.53%	-66.67%	100.93%	550%	-271.58%	-159.81%	97.49%	214.43%
Announcement Date	12/06/23	09/08/23	09/11/23	28/02/24	20/05/24	08/08/24	07/11/24	11/03/25	30/04/25	26/08/25	03/11/25	12/02/26	-	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2022	2023	2024	2025	2026	2027
Net Debt ¹	-	-	183	238	271	198
Change	-	-	-	29.72%	13.87%	-26.94%
Announcement Date	24/04/23	28/02/24	11/03/25	12/02/26	-	-

¹USD in Million

Estimates

Fiscal Period: December	2023	2024	2025	2026	2027
CAPEX ¹	8.597	15.78	31.72	28.98	28.98
Change	-	83.6%	100.98%	-8.65%	0%
Free Cash Flow (FCF) ¹	-	-75.03	-	-	-
Change	-	-	100%	-	-
Announcement Date	28/02/24	11/03/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-18.98%	-10.63%	-1.7%	4.47%	5.65%
EBIT Margin (%)	-	-19.69%	-15.87%	-6.45%	1.77%	3.56%
EBT Margin (%)	-	-21.87%	-17.77%	-7.98%	-1.47%	4.81%
Net margin (%)	-	-20.18%	-16.76%	-7.78%	-0.69%	4.52%
FCF margin (%)	-	-	-9.85%	-	-	-
FCF / Net Income (%)	-	-	58.75%	-	-	-
Profitability
ROA	-	-21.65%	-23.08%	-7.19%	0.01%	8.97%
ROE	-	-	-	14.11%	-18.84%	-39.43%
Financial Health
Leverage (Debt/EBITDA)	-	-	-2.27x	-18.98x	5.27x	2.29x
Debt / Free cash flow	-	-	-2.45x	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	1.31%	2.07%	3.42%	2.52%	1.89%
CAPEX / EBITDA (%)	-	-6.89%	-19.49%	-252.72%	56.44%	33.4%
CAPEX / FCF (%)	-	-	-21.04%	-	-	-
Items per share
Cash flow per share ¹	-	-0.5094	-0.176	-0.234	0.326	0.332
Change	-	-	65.45%	-32.97%	239.32%	1.84%
Dividend per Share ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Book Value Per Share ¹	-	-0.3787	-0.7123	-0.8103	-0.8446	-0.701
Change	-	-	-88.07%	-13.76%	-4.22%	17%
EPS ¹	-1.15	-0.39	-0.38	-0.19	-0.02	0.203
Change	-	66.09%	2.56%	50%	85.95%	1,115%
Nbr of stocks (in thousands)	337,395	337,395	343,130	349,792	349,792	349,792
Announcement Date	24/04/23	28/02/24	11/03/25	12/02/26	-	-