2025 INTEGRATED REPORT we’re transforming mobility
CONTENTS Foreword by Laurent Burelle P. 2 Message from Félicie Burelle P. 4 “Driving a new generation of mobility” P. 6 A year of transformation P. 8 For you, we’re driving the future of mobility Page 10 page 25 A fast-changing market P. 12 Our company profile P. 14 Committed governance P. 16 Our Board of Directors P. 16 Our Executive Committee P. 18 Our business model P. 20 Our performance P. 22 Our risk management P. 24 For you, we’re building a more sustainable future Page 48 page 55 Act for People P. 50 Act Responsibly P. 52 Act for Planet P. 54 For you, we’re operating wherever you need us Page 26 page 47 All technologies P. 28 Working together to deliver the very best of innovation P. 30 Improving the driving experience P. 32 Providing manufacturers with decarbonization solutions P. 33 All around the world P. 34 A global presence across leading markets P. 36 Expansion in the United States P. 38 Acceleration in India P. 40 Dynamic in China P. 42 All forms of mobility P. 44 Towards an entirely autonomous vehicle P. 46 Decarbonizing heavy, commercial, and collective mobility P. 47 2025 Integrated report | OPmobility | 1
FOREWORD 2 | for you, we’re transforming mobility
— Laurent Burelle Chairman of the Board of Directors 2025 was a good year for OPmobility in a turbulent geopolitical climate and a volatile automotive market. Once again, our fundamentals of regional globalization, selective investments, and technological innovation enabled us to improve our results, supported by a Group which will celebrate its 80th anniversary in 2026. Our extensive international footprint, the constant development of our customer portfolio, the addition of new technologies to improve mobility, and the “OPway” of managing our growth are the cornerstones of a Group worth more than €11 billion. Independence, majority control, and long-term management form the basis of OPmobility’s identity. Félicie Burelle is the third generation of the family to take the helm of the company and is now its Chief Executive Officer, after Pierre Burelle, Jean Burelle, and myself, with the unanimous support of the Board of Directors. At a time when the spectacular growth in automotive production in China and technological innovation in America will bring about profound changes in mobility in the coming years, OPmobility is looking ahead with a sense of confidence and anticipation. “Independence, majority control, and long-term management form the basis of OPmobility’s identity.” 2025 Integrated report | OPmobility | 3
MESSAGE — Félicie Burelle Chief Executive Officer In 2025, OPmobility evolved in a rapidly changing economic and political landscape. The automotive market has entered a new phase, with volumes stabilizing in Europe and North America, and the emergence of overcapacity, particularly in China. Market regionalization, supported by pricing and regulatory policies, is accelerating the growth of hybrids, along with the development of the electric vehicles market, which will continue to grow between now and 2030. In this context, innovation is being leveraged to further accessibility, a true driver of growth. Chinese manufacturers are becoming increasingly competitive. At the same time, European and American stakeholders are consolidating their positions, while also looking to differentiate themselves in key technologies: electrification strategy, autonomous driving, connectivity, and Artificial Intelligence (AI). Building on this momentum, OPmobility is fully committed to the market’s transformation and has demonstrated its resilience, underpinned by rigorous financial discipline, cost optimization, and enhanced industrial efficiency. Thanks to our portfolio “OPmobility has established itself as a player which can transform every industry change into an opportunity by leveraging technological innovation, its proximity to its customers around the world, and its agile teams.” 4 | for you, we’re transforming mobility
and our diverse offerings, we can respond to new market needs and establish a unique position. Today, we provide pressurized tanks and battery packs which optimize the energy architecture of hybrid vehicles. Having won a major contract in 2025, the Group will supply a long-standing global manufacturer with more than one million 350V battery packs for its future hybrid models in North America. The launch of One4you, a cross-functional offering which was presented at CES in Las Vegas in January 2025, has enabled us to deliver on our strategy of providing more and more integrated external solutions, with the signature of ten contracts in our three key regions (Europe, United States, and China). Thanks to our global and agile industrial presence, we have been able to capitalize on growth wherever it has developed, highlighting the strength of a model based on innovation and regionalization. In the United States, the opening of the Austin plant in Texas and the head office in Troy, Michigan further strengthened our presence there, supporting our aim of doubling our turnover in the country in 2030. In China, we are expanding the portfolio of our joint venture YFPO, drawing on our expertise in exterior systems, lighting, modules, and software. In addition, we are supporting Chery’s international expansion, thanks to our industrial presence. In India, where we already equip one in three vehicles, the opening of the Badhalwadi plant in the state of Maharashtra and the development of new production capacity in 2026 exemplify our ambition to double our sales here by 2030. In view of the sector’s sustainability challenges, innovation continues to be a major strategic asset for reinventing mobility, with the development of alternative energy solutions and smarter vehicles. Having first invested in hydrogen in 2015, we now have a comprehensive certified portfolio of tanks for all forms of mobility. In 2025, we won two new H2-Power contracts in China: one for a car manufacturer and the other for commercial vehicles. As a long‑standing provider of solutions for hybrid vehicles, we provide all the solutions which will accelerate the decarbonization of mobility. We also incorporate Life Cycle Assessment (LCA) and eco-design into our development processes and include more recycled and bio-based materials. Lastly, our purpose and the ACT FOR ALL™ program put a more intuitive, safer, and comfortable user experience at the heart of a sustainable mobility which is accessible to all. AI and data are also improving our operational efficiency, optimizing industrial flows, production, and anticipation of industry trends, particularly with the roll‑out of Product Life Management (PLM) infrastructure across our 40 R&D centers. To accelerate this dynamic, we have created an open innovation ecosystem, working with start-ups, laboratories, and multi-sector experts, and we are developing major partnerships, including with the Massachusetts Institute of Technology (MIT). This combined approach enables us to anticipate emerging technologies and accelerate the transition to more sustainable mobility. 2025 was testament to a robust strategy, positioning, and business model. With 152 plants in 28 countries and a diverse technology portfolio, we can meet the needs of all manufacturers and all forms of mobility. The strength of our performance reinforces the trust our partners have in us. Driven by the dedication of our teams and the synergies between business lines, we have demonstrated agility and innovation to support a shared vision of sustainable, collective mobility. 2025 Integrated report | OPmobility | 5
a new generation of mobility All around us, change is accelerating. Climate-related issues are altering the ways in which we live and travel. As a major player in our market, we want to be a driving force of this unprecedented revolution. As a sustainable and responsible company, we are ready to challenge the status quo and explore new opportunities. As a family-run company for four generations, we uphold a vision of mobility which we continue to pass on, year after year. Committed to people and aware of our responsibility towards the planet, we want to leave a positive legacy for future generations. Because preferences and expectations around mobility are constantly changing, we capitalize on our close relationships to forge new paths which deliver on the challenges of the energy transition. We are developing new partnerships, expanding to new markets, and growing alongside all our stakeholders. For you, we are committed to designing, investing in, and delivering the next generation of smart and sustainable mobility, along with related solutions and services. 6 | for you, we’re transforming mobility
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to create the smart, sustainable, and accessible mobility solutions for tomorrow. As a partner of the Massachusetts Institute of Technology (MIT), we support our long-standing stakeholders in a spirit of open innovation, as well as the most promising start-ups, such as AIRY Automotive. We are innovating to improve road safety for everyone by turning bumpers into visual and audible communication tools with our Digital Front Fascia. We are strengthening our internal synergies and encouraging new innovations with dedicated events, including our Innovation Days. A year of transformation… … in which we… See our innovations, page 32 Presenting the Digital Front Fascia at VivaTech in June 2025 8 | for you, we’re transforming mobility
into new markets to better support the transition to sustainable mobility, all over the world. Today, beyond the automotive industry as we know it, we are also supporting the decarbonization of mobility by working both with long-standing manufacturers and new players: from expanding the portfolio of our Chinese partners, such as Chery, and our international presence to developing solutions for all forms of mobility, including hydrogen and electrification systems for heavy mobility (buses, trams, trucks, and trains), with HESS, in Europe. with our customers to respond better and faster to their needs and support their strategy in every region. Regional automotive markets have distinctive characteristics. In North America, we have established a presence in the heart of major mobility hubs, particularly in the United States with our new headquarters in Troy, Michigan, to provide the most effective support for local needs as they evolve. In India, we continue to expand our industrial footprint, with new production capacity in Badhalwadi, in the state of Maharashtra. Find out more about our local presence, page 34 Learn about our solutions for all forms of mobility, page 44 Opening of the Badhalwadi plant in India in October 2025 In 2025, OPmobility and Yanfeng Group strengthened their YFPO joint venture in China 2025 Integrated report | OPmobility | 9
For you, we’re driving the future of mobility future future future future 10 | for you, we’re transforming mobility
Global mobility has entered a new era. Markets are fragmenting, consumer habits are changing, and technology is accelerating transformation. In light of these changes, OPmobility is committed to anticipating, innovating, and supporting its partners, customers, and stakeholders to develop more sustainable, accessible, and connected mobility. 01 e
MARKET OUTLOOK FOR HYBRID AND ELECTRIC VEHICLES BY 2027(1) A fast-changing market BEV Hybrid and plug-in hybrid (1) Source: S&P Global Mobility LV Powertrain Forecast, February 2026. Accessibility Decarbonized mobility: a matter of accessibility The transition to a decarbonized economy is accelerating. The large-scale roll-out of electric vehicles continues to grow, while hybrid solutions are becoming more popular. To meet demand, new players in the mobility sector are developing more affordable offerings. Long-standing manufacturers, meanwhile, are tailoring their production strategy and their portfolio of car models. In Europe, governments are actively supporting this transformation through measures such as social leasing, retrofitting subsidies in France, and the reintroduction of subsidies for vehicle purchases in Germany in 2026. In China, the end of substantial state support for the electric car industry in 2025 has led to a new chapter, with Chinese manufacturers now looking to conquer the global market. The future of mobility will be more diverse. All over the world, it is becoming more sustainable, innovative, and inclusive, offering everyone the opportunity to enjoy freedom of movement. Regionalization Local presence: a strategic advantage After several decades of economic interconnection, rapid regionalization is reshaping every aspect of the automotive sector, beginning with consumer preferences. In China, connected urban vehicles are increasingly popular with users. In North America, SUVs and pick-ups are still the norm. New customs and trade restrictions and differences in regulations are prompting manufacturers and equipment suppliers to invest in production facilities closer to their markets. Europe continues to implement strong regulations, while the United States and China are accelerating their technological transition, with increasingly innovative local production. Regionalization has also led to changes in supply chains. For automotive manufacturers and their ecosystem, this new environment presents both challenges and opportunities: they must capitalize on growth wherever it occurs and create more personalized offerings which are tailored to local specificities, all while maintaining the competitive performance of their industrial model and ensuring innovation. Consequently, tomorrow’s mobility will be closer to markets, more agile, and more focused on consumers’ expectations. NORTH AMERICA 8% 22% EUROPE CHINA 32% 27% 24% 28% 12 | for you, we’re transforming mobility
Key takeaway Half the volume produced, but 30% more models on the market, leading to a decrease in sales volumes of flagship products Making sense of complexity The World Advisory Board provides the Executive Committee with a comprehensive, cross-sectoral perspective on major structural transformations taking place around the world. Twice a year, it meets with the Executive Committee and brings together world-class leaders from the strategic sectors of finance, technology, and energy. Antoine Pouillieute, France Ambassador, Councilor of State, Chair and Facilitator of the OPmobility World Advisory Group Frank Baasner, Germany Professor and Co-Director of the Franco-German Forum for the Future Peter Collecott, United Kingdom Ambassador, Co-Chairman of The Ambassador Partnership LLP Chloe Demrovsky, United States President and Chief Executive Officer of Disaster Recovery Institute International Hiroaki Kitano, Japan Executive Senior Vice President and Chief Technology Officer (CTO) of Sony Group Mohan Kumar, India Ambassador, Dean of International Affairs and Global Initiatives at O.P. Jindal Global University Nicholas Papanicolaou, United States Entrepreneurial finance specialist and founder of the No Sleep Beverage investment structure Ángeles Santamaría Martín, Spain Former Chief Executive Officer of Iberdrola Spain (renewable energy) Alejandro Valenzuela del Río, Mexico Chief Executive Officer of Banco Azteca Bo Wang, China Former executive at CEL Partners and the Bank of China Connectivity When technology reinvents road travel Multiple technologies which originated outside the automotive industry are currently redefining the mobility ecosystem. Connected objects and 5G are developing rapidly, as are applications of Artificial Intelligence (AI) and Big Data. This technological acceleration is having an impact on the way in which vehicles are manufactured and used. It is transforming and improving the safety of road travel by enabling interactions between road users, connected vehicles, and smart infrastructure. It also lays the groundwork for innovative solutions: robotaxis, micro-mobility, advanced air mobility, and more. The mobility of the future is developing at varying speeds, shaped by regional expectations and regulations. While autonomous vehicles are already a reality for certain purposes in China and the United States, the European Union wants to establish robust legislation and is preparing a regulatory framework to guarantee user safety and trust. This technological progress is paving the way for a future in which mobility will be smarter and safer, providing innovative solutions to meet everyone’s needs. 2025 Integrated report | OPmobility | 13
PROFILE A family-owned group, a clear vision, and sustained growth As a family business for four generations, OPmobility upholds a sustainable vision of mobility which has led to its profound strategic transformation. The Group has begun diversifying its activities, expanding its customer portfolio, rebalancing its geographical presence, and committing to all forms of mobility. This strategy is behind the Group’s rapid development, driven by organic growth and strong partnerships and joint ventures. A global leader in technological solutions for sustainable and accessible mobility As the leader in a market undergoing rapid change, OPmobility is innovating to bring about a safer, more sustainable, and more accessible mobility. Guided by its purpose of “Driving a new generation of mobility”, the Group challenges the status quo by exploring new opportunities: hydrogen, modular systems, connected safety, and more. 14 | for you, we’re transforming mobility
A wide-ranging and innovative technology portfolio As a leading technology partner for all forms of mobility around the world, OPmobility has structured its technology offerings into two key segments: exterior solutions (Exterior & Lighting, Modules) and powertrain solutions (C-Power, H2-Power). In addition, OP’nSoft provides software development activities for the Group’s mobility products and services. A diverse customer portfolio, reflecting the mobility of today and tomorrow Over the last few years, OPmobility has strengthened the development of its activities all over the world to meet local needs and has expanded its customer portfolio, particularly with new players in electric and heavy mobility. OPmobility is able to meet the needs of all forms of mobility, confirming its position as a key technology partner for the mobility of tomorrow. DIGITAL SOLUTIONS EXTERIOR SOLUTIONS POWERTRAIN SOLUTIONS LONG-STANDING CAR MANUFACTURERS Volkswagen Group, Stellantis, Mercedes-Benz Group, General Motors Group, BMW Group, Ford, etc. LEADERS IN HEAVY AND COLLECTIVE MOBILITY CRRC (China Railway Rolling Stock Corp.), Stadler, Alstom, HESS AG, Siemens, Hyliko, etc. MORE RECENT PLAYERS IN ELECTRIC MOBILITY Rivian, Chery, Geely, BYD, NIO, etc. OP'nSoft Cross-functional entity which brings together software development activities for the Group’s mobility products and services EXTERIOR & LIGHTING Exterior systems and lighting systems MODULES Module design, development, and assembly C-POWER Energy storage, emissions control, and electrification systems H2-POWER Hydrogen solutions Chevrolet Blazer EV Front & rear bumpers Photo credits: Chevrolet. 2025 Integrated report | OPmobility | 15
GOVERNANCE Committed governance 55% women 45% independent directors *Independent directors. 1. Laurent Burelle, Chairman of the Board of Directors of OPmobility SE, Director since 1981 2. Félicie Burelle, Chief Executive Officer of OPmobility SE, Director since 2017 3. Gonzalve Bich*, Member of the Compensation Committee, Director since 2023 4. Amandine Chaffois, Member of the Compensation Committee, Director representing Group employees since 2019 5. Anne-Marie Couderc, Member of the Appointments and CSR Committee, Member of the Compensation Committee, Director since 2010 6. Virginie Fauvel*, Member of the Appointments and CSR Committee, Director since 2023 7. Martin Krivan, Director representing Group employees since 2024 8. Vincent Labruyère, Member of the Audit Committee, Director since 2002 9. Paul Henry Lemarié, Chairman of the Board of Directors of Burelle Participations, Director since 1987 10. Lucie Maurel Aubert*, Chairwoman of the Appointments and CSR Committee, Member of the Audit Committee, Director since 2015 11. Alexandre Mérieux*, Chairman of the Compensation Committee, Director since 2018 12. Cécile Moutet, Director since 2017 13. Élisabeth Ourliac*, Member of the Audit Committee, Director since 2022 14. Jean Burelle, Non-voting board member since 2021, Honorary Chairman of Burelle SA, Honorary Chairman of OPmobility SE, Director from 1970 to 2021 15. Prof. Dr. Bernd Gottschalk, Non-voting board member since 2023, Director from 2009 to 2023. THE BOARD OF DIRECTORS The Board of Directors brings together expertise from a variety of backgrounds and complementary skills: management, industry, sustainable development, finance, digital. It is made up of 15 members, 45% of whom are independent directors and 55% of whom are women. Its role is to protect the interests of the Group, its shareholders, and its stakeholders in an ethical and transparent manner. The Board establishes OPmobility’s strategic priorities and ensures their implementation with the support of three specialized committees: the Audit Committee, the Appointments and CSR Committee, and the Compensation Committee. 16 | for you, we’re transforming mobility
6 1 2 7 4 3 5 13 15 12 8 9 10 14 11 2025 Integrated report | OPmobility | 17
8 9 10 11 12 13 GOVERNANCE THE EXECUTIVE COMMITTEE As the guarantor of OPmobility’s strategy, the Executive Committee contributes to its implementation, identifies its areas of development and transformation, and oversees its performance. It meets once a month to review the Group’s activities, anticipate and evaluate risks, and assess its outlook. 18 | for you, we’re transforming mobility
4 3 5 2 6 1 7 1. Félicie Burelle, Chief Executive Officer 2. Olivier Dabi, Executive Vice President, Chief Financial Officer 3. Youssef Souiba, Executive Vice President, President C-Power Business Group 4. Gérald Mentil, Executive Vice President, Chief Performance Officer 5. Marissa West, Executive Vice President, Chairperson North America 6. David Meneses, Executive Vice President People & Sustainability 7. Christian Kopp, Senior Executive Vice President, Chief Operating Officer 8. Abdul Khaliq, Executive Vice President Innovation & Software 9. Guillaume Ebner, Executive Vice President, President Modules Business Group 10. Hélène Dantoine, Executive Vice President, General Counsel & Chief Compliance Officer 11. Christophe Marceau, Executive Vice President, President Exterior & Lighting Business Group 12. Marc Perraudin, Executive Vice President Engineering & Programs, President H2-Power Business Group 13. Sandrine Ledru, Executive Vice President, Chief Digital & Information Officer. As of March 2, 2026. 2025 Integrated report | OPmobility | 19
LEVERAGING OUR CAPITAL FOR SUSTAINABLE MOBILITY HUMAN 38,100 employees(1), 49% in Europe, 20% in North America, 25% in Asia, 6% in Africa and South America INDUSTRIAL 152 plants(1) and 40 R&D centers(1) in 28 countries More than 4% of turnover invested FINANCIAL Equity capital: €2,119 m Leverage at 1.4x EBITDA ENVIRONMENTAL A network of HSE experts(2) 38 sites with solar panels and wind turbines INTELLECTUAL International technological partnerships: MIT(3), NICE(4) in China, etc. SHAREHOLDER Family-run company for 4 generations 60.6% of the capital held by Burelle SA (1) All entities and joint ventures. (2) Health, Safety, Environment. (3) Massachusetts Institute of Technology. (4) National Innovation Center par Excellence. STRATEGY Stable global automotive production Transformation of vehicles, manufacturing processes, and uses: digitalization, connectivity Energy and environmental transition in response to the climate emergency Growth in sales of battery electric vehicles Cost optimization Development and growing influence of recent manufacturers on the domestic and international markets UNDERLYING TRENDS IN OUR INDUSTRY Our business model PURPOSE VISION Our ambition To address the challenges of a safer, more sustainable, and more accessible mobility Our corporate culture Innovation Operational excellence Sustainable development At the core of our program "Driving a new generation of mobility" 20 | for you, we’re transforming mobility
CREATING VALUE FOR OUR CUSTOMERS ~ 2 in 3 orders received outside Europe in 2025 Customers in the rail industry: Stadler, CRRC, etc. 1 in 3 vehicles produced globally is equipped by OPmobility FOR OUR SHAREHOLDERS & INVESTORS Dividend: €0.49 per share(5) Recognition for ESG(6): CDP Climate: A EcoVadis: 80/100, top 5% MSCI ESG Ratings: AA, top 10% Revenue: €11.5 bn, +1.7% vs. 2024(7) Operating margin: +11.4% vs. 2024 Free cash flow: +20.7% vs. 2024 SUPPORTING OUR EMPLOYEES Fr2(8): 0.43 (1) Senior manager turnover rate: 6% 31% women 17% of young people under 30 Average of 13 hours of training, per year and per employee OUR SUPPLIERS 95% of purchasing spend as part of our sustainable purchasing program “Know Your Suppliers” PROTECTING THE ENVIRONMENT Scopes 1 and 2: achieved target of carbon neutrality in 2025(9) Scope 3: –36.7% CO2 emissions vs. 2019 88% of waste recycled or recovered (5) Subject to approval at the Annual General Meeting on April 23, 2026. (6) Environmental, social, and governance criteria. (7) At constant scope and exchange rates. (8) Work-related accident frequency rate with and without lost time. In number of accidents per million hours worked over 12 rolling months. (9) Emissions were reduced by approximately 83% compared to 2019, complemented by the offsetting of the residual emissions associated with natural gas consumption. MEETING ALL POWERTRAIN REQUIREMENTS WITH OUR TECHNOLOGY PORTFOLIO UNDERSTANDING AND CAPITALIZING ON REGIONAL DYNAMICS DIVERSIFYING OUR PORTFOLIO ACROSS LONG‑STANDING CLIENTS AND NEW MARKET ENTRANTS GOING BEYOND THE AUTOMOTIVE INDUSTRY TO ADDRESS SUSTAINABLE MOBILITY 2025 Integrated report | OPmobility | 21
BREAKDOWN OF 2025 CONSOLIDATED TURNOVER BY SEGMENT — In % 30% Modules 26% Powertrain 44% Exterior & Lighting Financial indicators 2024 10.5 2024 929 2025 10.2 2025 1,001 FREE CASH FLOW — In € m 2025 297 2024 246 NET INCOME, GROUP SHARE — In € m 2025 185 2024 170 OPERATING MARGIN — In € m 2025 490 2024 440 NET DEBT — In € m 2025 1,409 2024 1,577 NET DEBT/EBITDA 2025 1.4x 2024 1.7x LIQUIDITY — In € bn 2025 2.5 2024 2.4 OUR PERFORMANCE In 2025, OPmobility’s performance was solid, once again demonstrating its ability to successfully navigate a rapidly changing sector. The Group reported turnover of €11.5 billion. The Group’s profitability continued its positive momentum, with an operating margin rising by 11.4% and an increase of 8.9% in net income, Group share. In terms of non-financial performance, OPmobility reached a major milestone by achieving carbon neutrality in its scopes 1 and 2, confirming its commitment to decarbonization, and is mobilizing its entire value chain to achieve net zero by 2050. ECONOMIC REVENUE — In € bn CONSOLIDATED TURNOVER — In € bn EBITDA — In € m 2025 11.5 2024 11.6 22 | for you, we’re transforming mobility
Environmental and social indicators 2025 31 2025 31.1 2025 0.43 2024 0.56 2024 22.8 WOMEN ENGINEERS AND MANAGERS — In % 2025 26 2024 25 WOMEN ON THE BOARD OF DIRECTORS — In % 2025 55 2024 50 EMPLOYEES WITH DISABILITIES 2025 419 2024 413 INTERNS AND APPRENTICES 2025 1,248 2024 1,288 DIVERSITY Women in the Group — In % (1) Program to assess and support suppliers in improving their sustainability approach. (2) In number of accidents per million hours worked. Economic scope. (3) Training providing the necessary knowledge and tools to have a positive impact on the environment. Non-financial indicators TRAINING Average hours of training, per year and per employee 2025 13 Employees who completed ACT FOR ALL™ TRAINING(3) 2025 1,250 CYBERSECURITY Employees who completed cybersecurity training — In % 2025 94 SAFETY Accident frequency rate with and without lost time (Fr2)(2) RENEWABLE ENERGY PRODUCED ON SITES — In GWh WASTE TREATMENT Recycled or recovered waste — In % 2025 88 2024 88 SUSTAINABLE PURCHASING Purchasing spend as part of the “Know Your Suppliers” program (1) — In % 2025 95 2024 95 CARBON NEUTRALITY PLAN CO2 emissions — In % 2025 –82.7 vs. 2019 Achieved target of carbon neutrality in 2025 Scopes 1 & 2 2025 –36.7 vs. 2019 Scope 3 2024 31 2025 Integrated report | OPmobility | 23
High Moderate Low Main risk factors OPmobility’s main risk factors are assessed based on their probability of occurrence and the estimated magnitude of their impact. RISK MANAGEMENT In an industrial, economic, political, and regulatory environment which is continuously evolving, OPmobility conducts a thorough review and assessment of the risks which may affect its activities. The network and accountability of each department and business line enable the Group to focus on compliance and implement stringent internal controls to guard against these risks and limit their potential consequences. Risk categories Risk factors Importance Non-financial risk OPERATIONAL RISKS Automotive programs Quality of products and services sold Shortages of raw materials or components Health, safety, and environment IT STRATEGIC RISKS Impact of climate change on the business model Innovation Acquisitions CREDIT AND/OR COUNTERPARTY RISKS Customers Suppliers MARKET RISKS Inflation LEGAL RISKS Business ethics Intellectual property 24 | for you, we’re transforming mobility
Controls OPmobility balances responsibility and independent judgement with three levels of stakeholders who oversee its operations and risk management procedures: Operational Management, Corporate Functions, and Internal Audit. 2ND LEVEL OF CONTROL (Corporate Functions and Business Groups) FINANCE Control – Consolidation Treasury & Financing Accounting – Tax Standards and procedures Internal control RISK MANAGEMENT LEGAL – COMPLIANCE INSURANCE IT HUMAN RESOURCES HEALTH – SAFETY ENVIRONMENT – CORPORATE SOCIAL RESPONSIBILITY 1ST LEVEL OF CONTROL (Operational Management) BUSINESS GROUPS BUSINESS UNITS / REGIONS COUNTRY, ENTITY 3RD LEVEL OF CONTROL INTERNAL AUDIT EXECUTIVE MANAGEMENT Internal Audit and Compliance Committee THE BOARD OF DIRECTORS The Audit Committee EXTERNAL AUDIT
For you, we’re operating wherever you need us whe wherever 26 | for you, we’re transforming mobility
erever wherever wherever All over the world, mobility is changing. It’s becoming more sustainable and smarter. OPmobility is one of the drivers of this transformation. From Detroit to Pune, from Shanghai to Tangier, our teams work every day to innovate, adapt, and reinvent the solutions which are shaping the future. Because mobility transcends borders, we leverage our expertise, our partnerships, and our technologies to overcome local and global challenges, with a shared ambition to create a safer, more sustainable, and more accessible mobility. 02
We firmly believe that every new technology, every partnership, and every continuous improvement initiative we undertake must contribute to enhancing the safety, competitiveness, and sustainability of OPmobility’s portfolio of solutions. From developing decarbonized systems to revamping vehicle safety and optimizing industrial processes, the objective remains the same: creating mobility which is efficient, sustainable, and accessible. Alltechnologies 28 | for you, we’re transforming mobility
As a leading technology partner for major mobility players around the world, innovation is an integral part of OPmobility’s DNA and a key factor in its competitive edge. Today, more than ever, the Group is stepping up its efforts to combine cutting-edge technologies which address the challenges of more sustainable, safer, and smarter mobility. With its four business groups, OPmobility continues to develop high value-added solutions for both its customers and partners, thanks to its 40 R&D centers and its open innovation approach. Three major areas of focus underpin this process. The first is safety: OPmobility provides technologies which adapt to all environments and conditions, optimizing driving for safer journeys thanks to its expertise in Exterior & Lighting and its smart, integrated solutions. The second is sustainability: the Group’s innovations in recycled materials, energy storage and hydrogen management systems are ushering in a new generation of solutions for more environmentally friendly vehicles. Thirdly, OPmobility is part of today’s vehicle customization movement. Unique designs, light patterns, and customizable colors reinforce the brand’s signature and create a distinctive visual identity, using technologies which integrate optics, electronics, and software for intelligent functionality. More than 75% of economic revenue generated by the Exterior & Lighting and Modules Business Groups (1) Source: S&P Global Mobility LV LCV [0-3.5T] January 2026 Forecast. Today, 1 in 3 vehicles produced worldwide is equipped with OPmobility technologies(1) Key takeaway 2025 Integrated report | OPmobility | 29
Transforming mobility is, first and foremost, a collective endeavor. At OPmobility, innovation is the result of internal expertise, advances in research, and technological and academic partnerships. By making it possible for OPmobility’s experts to work with external specialists, particularly mobility and Artificial Intelligence (AI) start-ups, and share their ideas within an open ecosystem during its Innovation Days, the Group encourages innovation within the company. In doing so, it can explore new opportunities, combining its industrial expertise and entrepreneurial agility to create lighter, more efficient, safer, and more sustainable technologies. USING AI AS A TOOL TO ENHANCE INDUSTRIAL EFFICIENCY In partnership with start-ups including Dessia, Neural Concept, and Innodura, OPmobility uses AI, a powerful boost to efficiency and speed, to strengthen its testing, prototyping, and certification processes. The Group can thus accelerate the design, simulation, and validation of its products, while also improving accuracy, quality, and safety. In a sector in which manufacturers’ needs are constantly evolving, new smart solutions and tools which use AI can halve vehicle development time, depending on the region. This reduction in lead times is made possible by an ecosystem focused on open innovation. For example, in 2025, the Group’s partnership with the start-up AIRY Automotive led to the development of a new generation of lightweight battery chassis which were 3D printed using composite materials. Offering up to a 50% reduction in the weight of the mechanical part of the battery, up to 30% fewer manufacturing-related CO2 emissions, a 10% lower cost, and a 10% improvement in vehicle range, it received Plug and Play’s Global Innovation Award in 2025. Working together to deliver the very best of innovation 347 employees from OPmobility’s 4 business groups took part in the 2025 Innovation Days 20 months The average time saved per vehicle by companies which integrate AI into their production processes Presenting our solutions at CES in Las Vegas, January 2025 ALL TECHNOLOGIES 30 | for you, we’re transforming mobility
INNOVATING TO CREATE VALUE FOR ALL This progress reflects OPmobility’s firmly held belief that innovation is only effective when it creates value for all stakeholders (customers, users, employees, and the planet) and involves the entire mobility ecosystem in its transformation. Because of this dynamic approach, the Group is able to capitalize on its expertise to continuously refine its solutions: not only from a technological standpoint to pave the way for safer and more sustainable mobility, but also from a social and urban perspective to make it more accessible and accommodate new uses and new forms of mobility around the world. Its aim is to enable everyone to travel, no matter what their needs might be, and enjoy the freedom which mobility brings, while also being environmentally friendly. AT THE HEART OF THE NORTH AMERICAN ECOSYSTEM Since 2023, the OPmobility x MIT Symposium has established itself as a key annual event. Held for the first time at NewLab Detroit in the United States, renowned for its iconic innovation, the aim of the 2025 edition was to bring the Group’s innovation ecosystems closer to those of the United States, one of the countries which contributes most significantly to its turnover. This event brought together leaders from industry, academia, research, government, venture capital, and start-ups, focused on a common goal: accelerating innovation across all forms of mobility – from road to rail, from micro-mobility to self-driving solutions. “The fastchanging mobility market is increasingly reliant on technological advances. Innovation is part of OPmobility’s history and plays an undeniably strategic role in enabling mobility to become safer, more sustainable, and increasingly autonomous.” Abdul Khaliq, Executive Vice President Innovation & Software, and member of the Executive Committee 2025 Integrated report | OPmobility | 31
Safety has always been at the heart of OPmobility’s design principles; its pioneering technologies include the first adaptive headlight (ADB) approved in the United States and the first exterior RGB lighting system in the world to enable vehicles to communicate through color. From red for emergency braking to green for recharging, this system improves interaction with pedestrians and emergency services Improving the driving experience On the roads, innovation actively contributes to user safety, connectivity solutions, and customized design. With its cutting-edge, forward-looking technological solutions, OPmobility is making it possible for vehicles to take an active role in road safety and prevention, while also offering smarter, more connected, and customizable experiences. VEHICLES DESIGNED FOR USERS As mobility becomes more connected and autonomous, exterior lighting has an increasingly important role to play. OPmobility is therefore developing smart solutions which combine innovative design and embedded electronics to improve communication between vehicles and with their environment. These innovations include the Digital Front Fascia, which was presented at CES Las Vegas (United States) in January and at VivaTech (France) in June. This technological breakthrough transforms the bumper into a visual and audio communication tool, with a front-end system incorporating a curved mini-LED screen which improves road safety in urban areas through dynamic messages and alerts. SAFETY AT THE HEART OF SYSTEM CONNECTIVITY Technological progress and the integration of Artificial Intelligence (AI) also require enhanced system connectivity to ensure both the effective functioning of modules manufactured by OPmobility and user safety. In an environment in which autonomous, connected, and traditional vehicles interact, cybersecurity and software protection have become vital. This entails the ability to detect and respond to incidents, protect user data, and provide safe and secure software updates throughout a vehicle’s entire life cycle. In 2025, in keeping with the Group’s principles of open innovation, OP’nSoft, the cross‑functional entity which brings together software development activities for OPmobility’s mobility products and services, signed a partnership with WedoLow, a company specializing in optimizing the performance and efficiency of embedded and hosted applications for the automotive industry. The aim is to reduce the energy consumption of integrated vehicle software while enhancing system security. ALL TECHNOLOGIES 32 | for you, we’re transforming mobility
REDUCED MATERIAL USE and greater integration of recycled content, supported by Life Cycle Assessment (LCA) and closed‑loop recycling; for example, on the Renault 5 E‑Tech electric vehicle, OPmobility components (bumpers, wheel arches, rocker panels) contain an average of 25% recycled material. Visible grained parts include 15% recycled content in the front and rear lower bumpers and 20% in the wheel arches and rocker panels, while hidden brackets incorporate over 50% recycled materials. COMPREHENSIVE RANGE for light commercial vehicles in which the high-pressure hydrogen storage system and the fuel cell are combined with a battery to increase the vehicle’s range. Delivering strong performance means rethinking our business model to protect the environment by reducing our carbon footprint. Today, OPmobility’s portfolio of solutions encompasses all energy transition needs, from conventional energy storage for combustion engine vehicles to hybrids, from battery electric to hydrogen fuel cell vehicles. Behind these innovations lie the collective efforts of the Group’s R&D teams who work closely with technology partners and specialist start-ups. They bring together their expertise to improve energy efficiency and accelerate the transition to low‑carbon mobility. MODULAR HYDROGEN STORAGE system for light commercial vehicles with fuel cells; a capacity of between 5.6 kg and 7.6 kg of hydrogen provides a range of around 500 km. Providing manufacturers with decarbonization solutions 48V BATTERY PACK with NMC cells for mild hybrid applications, which can reduce CO2 emissions by up to 15% by assisting the combustion engine during certain phases (acceleration, starting) and recharging during braking phases. Source: OPmobility internal data. Photo credits: Renault. 2025 Integrated report | OPmobility | 33
While demonstrating the agility required in today’s rapidly changing mobility sector, OPmobility continues with its long-term and strategic vision of geographic diversification. As a result of its teams’ constant commitment to efficiency, competitiveness, and operational excellence, the Group aims to capitalize on growth where it occurs in different regions, working closely with its customers, from long-standing automakers to new players, to anticipate their needs and support their transformation. Allaround the world 34 | for you, we’re transforming mobility
To cater to all sustainable mobility stakeholders around the world, in line with the demands of manufacturers and consumers, OPmobility has been strengthening its presence in key regional mobility hubs for several years (North America, Asia). Its long-term strategy aims to establish a local industrial presence to support the automotive markets’ growing regionalization. To capitalize on growth in regional markets where technological and commercial expectations may vary, the Group invested in new plants in India and China in 2025 and opened new headquarters in the United States, bringing together all its expertise and technologies under one roof. By establishing hubs in different regions around the world (Mexico, Poland, India), where its four business groups (Exterior & Lighting, Modules, C-Power, and H2-Power) are based, and by producing for its customers, wherever they are located, OPmobility responds effectively and quickly to their changing needs. This regionalized approach also makes it possible to decarbonize its logistics chain, with supplies closer to its production centers. This strategy of geographical rebalancing proved its worth once again in 2025, with OPmobility reporting strong momentum in Asia and North America, two regions which have accounted for a growing share of the Group’s turnover since 2024. CONSOLIDATION IN EUROPE With 20 R&D centers and 60 plants, OPmobility generates half its turnover in Europe, with the support from the Exterior & Lighting and Modules Business Groups. In an uncertain regulatory environment, the Group is consolidating its long-standing presence and its close customer relationships. OPmobility is reinforcing its diversification strategy; for instance, it is providing HESS with modular battery packs for electric buses and trolley buses. The Group also continues to adapt its hydrogen solutions to meet the needs of automotive manufacturers and rail mobility operators. A winning formula: a long-standing international footprint, multi-technology expertise, and a strong ability to adapt in our key markets (United States, India, and China) Key takeaway 2025 Integrated report | OPmobility | 35
28% 3% 18% 51% A GLOBAL PRESENCE ACROSS LEADING MARKETS Operating in 28 countries and in major mobility hubs, OPmobility has a network of 152 plants and 40 R&D centers to support regional dynamics. This geographical proximity makes it possible for the Group to provide an agile response to each market’s technological needs. ALL AROUND THE WORLD BREAKDOWN OF ECONOMIC REVENUE BY REGION — In % 28 in North America 3in Africa and South America 18 in Asia 51 in Europe 36 | for you, we’re transforming mobility
25 plants and 9 R&D centers in North America 10 plants and 2 R&D centers in Africa and South America 38,100 employees 152 plants 40 R&D centers 28 countries 60 plants and 20 R&D centers in Europe 38 plants and 5 R&D centers in China 19 plants and 4 R&D centers in Asia (excluding China) 2025 Integrated report | OPmobility | 37
For the second year in a row, the United States was the leading contributor to OPmobility’s turnover(1). The Group aims to double its country turnover between 2024 and 2030 and is strengthening its position as a leader in the United States by working with iconic American manufacturers, European brands operating in the United States, and new mobility players. OPmobility is a long-standing partner of Ford, General Motors, and Stellantis, particularly for the supply of fuel tanks with an established relationship of trust, built on decades of partnership and product excellence, demonstrating its pivotal role in the American automotive industry. As the Group strives to support its customers to better meet the needs of American consumers, it also works with iconic manufacturers, European brands operating in the United States, and new mobility players. The 2025 opening of its new North American headquarters in Troy, Michigan, the heartland of mobility, marks a milestone in the Group’s commitment to this region, where an average of 10 million vehicles will be produced annually(2). These headquarters bring together OPmobility’s four business groups, providing manufacturers with access to a unique and complementary range of solutions: from exterior and lighting systems to complex modules and energy storage systems, including battery electrification and hydrogen technologies. Expansion in the United States OPmobility assembly plant in Austin, Texas Key data in the United States 11 plants 6 R&D centers 3,300 employees ALL AROUND THE WORLD
“The American market remains one of the most dynamic in the world. Across the value chain, stakeholders are making major industrial investments in the United States to strengthen their position, expand local production, and adapt to a rapidly evolving global trade environment.” Marissa West, Executive Vice President, Chairperson North America, and member of the Executive Committee In 2024, OPmobility opened a new plant to assemble modules in Austin, Texas, to fulfil a landmark order from a major American player in electric mobility. Over the next five years, the Group plans to build at least two additional plants in the United States to meet growing demand for mobility solutions. This growth is underpinned by a strong diversification strategy: OPmobility continues to invest in innovation and expand its customer portfolio with new players in the mobility sector, such as manufacturers of recreational vehicles and robotaxis. Today, OPmobility relies on its long-standing partnerships and is working with newer customers, thereby ensuring a forward-looking portfolio which includes traditional mobility and hybrid, connected, and autonomous mobility. (1) Excluding the impact of foreign exchange rates. (2) Source: Trading Economics Data on motor vehicle assembly in the United States in 2025. Headquartered in the automotive industry’s heartland Opening of the Group’s headquarters in Troy, Michigan 2025 1995 Automotive equipment manufacturer for the Big Three (Ford, General Motors, Chrysler) 2004 Opening of the Engineering Center in Troy, Michigan Roll-out of SCR (Selective Catalytic Reduction) technology in diesel vehicles Strong focus on SUVs and light pick-ups 2017 Opening of the R&D center in Rochester Hills, Michigan 1997 Opening of the Anderson plant in South Carolina 1994 1977 Establishment of the American subsidiary Opening of the first plant in Canton, Massachusetts, to produce containers and certain Gaflon products 2025 Integrated report | OPmobility | 39
Acceleration in India As the world’s third-largest automotive market and a rapidly expanding industrial powerhouse, India is a strategic country; as such, it is vital to strengthen capabilities there. Producing 2.6 million vehicles(1) in 2025, India is a major player in the global mobility market, both as a growing domestic market and as a global manufacturing hub. Having operated in the country since 2007, OPmobility is now stepping up its investments to capitalize on this potential as effectively as possible. With a presence in India’s major automotive hubs, including Pune in the state of Maharashtra, OPmobility opened its fifth plant in India in October 2025: spanning 40,000 m2, the Badhalwadi site is the Group’s first plant in the country to combine production of exterior systems and energy storage systems within a single facility. To continue to strengthen its local presence, a new plant which will support the Group’s C-Power activities is also under construction in Kharkhoda, in the state of Haryana, with a planned opening in 2026. Lastly, to continue improving its performance and meet growing demand in the Indian market, OPmobility announced that the Group will strengthen its industrial capacity by 2030. 5.6% average annual growth for the Indian market between 2025 and 2030(2) ALL AROUND THE WORLD 40 | for you, we’re transforming mobility
In a rapidly growing and promising environment which demands speed, adaptability, and innovation, OPmobility has risen to the challenge and established itself in India. The Group secured a key contract with an Indian manufacturer in 2025, having developed a bumper and a grille shutter in record time for one of its customers’ lightweight truck models. In competitive conditions, its teams delivered a prototype and a product ready for mass production in under 15 months, compared to an Indian average of 26 months. OPmobility, which already equips 1 in 3 vehicles produced in India, is thus positioning itself as a leader in a high-potential market, where car ownership is still low, with a ratio of 34 cars per 1,000 inhabitants(3). The Group expects to see average annual growth in vehicle production in India of 5.6% between 2025 and 2030, with turnover expected to double in 2030 in comparison to 2025. In 2025, OPmobility built a new plant in Badhalwadi for Exterior & Lighting and C-Power 4 R&D centers, including 1 OP’nSoft center in Bangalore 5 plants More than 1,800 employees (1) Source: Trading Economics data on the Indian automotive market in 2025. (2) Source: S&P Global Mobility LV LCV [0-3.5T] January 2026 Forecast. (3) Source: OICA (International Organization of Motor Vehicle Manufacturers) data. Key data in India Opening of an R&D center in Pune 2024 Beginning of OPmobility’s operations in India 2007 Producing in the heart of the Indian market Construction of a plant in Kharkhoda 2026 Opening of the Badhalwadi production plant for Exterior & Lighting and C-Power 2025 2025 Integrated report | OPmobility | 41
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