04Mar 2026

Record Performance Fuels Long-Term Value Creation for Linamar

March 4, 2026, Guelph, Ontario, Canada (TSX: LNR)

Continued Strong Free Cash Flow and Liquidity

  • $937.2 million of Free Cash Flow1 generated in 2025, up $148.9 million from the prior year due to careful cash management, resulting in the 13th consecutive year of positive Free Cash Flow and the second highest in Linamar’s history; and
  • Liquidity1 is strong at $2.1 billion, up $216.9 million or 11.8% from Q4 2024.

Outstanding Earnings Performance from Our Diversified Strategy

  • Record Normalized Net Earnings1 achieved for second consecutive year at $622.1 million despite moderately lower sales at $10.2 billion;
  • Normalized Earnings per Share1 has increased 25.3% to $2.28 for the quarter and 5.6% to an annual record of $10.36 for 2025; and
  • 2025 marks 13 out of 16 years of earnings growth at Linamar; consistent sustainable growth.

Excellent Mobility Segment Sales and Normalized Operating Earnings Growth

  • Sales increased 12.9% to $2.0 billion for the quarter and by 3.3% to an annual record of over $7.7 billion;
  • Normalized Operating Earnings1 increased 47.3% to $132.1 million for the quarter and by 34.3% to $574.4 million for the year; and
  • Normalized Operating Earnings margins at 6.7% for the quarter and 7.4% for the year, back in normal targeted range.

Returning Cash to Shareholders

  • Linamar repurchased 1.3 million shares in 2025 as part of its normal course issuer bid;
  • Subsequent to year-end, Linamar has repurchased 0.2 million shares; and
  • Linamar is maintaining its dividend to shareholders at $0.29 per share quarterly.

Industrial Segment Market Share Growth

  • Despite a significant decline in industrial markets, the Company increased scissors market share globally and increased market share on agricultural products in the US and Europe.

Mobility Segment Market Share Growth

  • Completion of the acquisitions of Aludyne’s North American assets and Georg Fischer’s Leipzig casting facility further diversify our casting solutions and enhance Linamar’s structural capabilities and manufacturing footprint; and
  • CPV1 grew in core North America, Europe, and Asia Pacific operations, driven largely by our Linamar Structures Aludyne acquisition for North America and launching programs in all regions.

Manageable Impact from Tariffs

  • Linamar’s product continues to be USMCA compliant meaning the vast majority of product continues to be tariff free into the US. Any tariff impact largely felt by our Industrial businesses is manageable and we are actively working to mitigate impact further.