NEXTEER (01316) announced its annual results for the period ending December 31, 2025. The company achieved revenue of $4.584 billion, an increase of 7.21% compared to the previous year. Annual profit attributable to equity holders was $102 million, a significant rise of 65.27% year-on-year. Earnings per share stood at $0.041, and the board proposed a final dividend of $0.0183 per share.
After adjustments for favorable foreign currency translation and increased commodity compensation, revenue growth was 6.9%, outperforming the market by 320 basis points. This revenue growth, which exceeded the market by 3.2%, was driven by continued expansion in the Asia-Pacific region and strong performance in Europe, the Middle East, Africa, South America, and North America.
According to a report from S&P Global Mobility in January 2026, global light vehicle production by OEMs increased by 3.7% in 2025 compared to 2024. For the year ending December 31, 2025, adjusted EBITDA was $472 million, an increase of $47.4 million, or 11.2%, compared to the year ending December 31, 2024. The improvement in profitability was primarily driven by higher sales volume and enhanced efficiency and performance, although partially offset by costs related to a troubled supplier in North America.
During the year ending December 31, 2025, the Group successfully launched 57 new customer projects (48 in Asia-Pacific; 5 in Europe, Middle East, Africa, and South America; and 4 in North America). Of these 57 launched projects, 42 were new or newly acquired businesses for the Group, and 36 were Electric Vehicle (EV) projects. In addition to the increase in global OEM light vehicle production, the launch of a significant number of new and newly acquired projects in recent years also contributed to the production growth in 2025 compared to 2024. The increase in annual production was partially offset by unfavorable net customer pricing and tariff compensation.
Benefiting from favorable foreign currency translation, primarily due to the depreciation of the US Dollar against the Euro in 2025 compared to the prior year, the Group's revenue increased by approximately $14.5 million. Revenue was further boosted by $0.6 million due to customer price adjustments passed through as a result of higher prices for certain raw material commodities in 2025 versus 2024.
After adjusting for the favorable foreign currency translation and increased commodity compensation, the Group's revenue in 2025 grew by 6.9% compared to the previous year, outperforming the growth in the OEM production market revenue during the comparative period by 320 basis points. This performance reflects the Group's continued benefit from the launch of new and newly acquired customer projects in recent years.