Autoliv — Jul 18, 2025 release

Autoliv’s policy is to maintain a leverage ratio commensurate with a strong investment grade credit rating. The Company measures its leverage ratio as net debt* adjusted for pension liabilities in relation to adjusted EBITDA*. The long-term target is to maintain a leverage ratio equal to or below 1.5x.     Jun 30 Mar 31 Jun 30 (Dollars in millions) 2025 2025 2024 Net debt 1) $1,752 $1,787 $1,579 Pension liabilities 167 163 140 Net debt per the Policy $1,919 $1,950 $1,720         Net income 2) $717 $688 $627 Income taxes 2) 255 246 150 Interest expense, net 2, 3) 96 97 89 Other non-operating items, net 2) 19 16 8 Income from equity method investments 2) (6) (6) (6) Depreciation and amortization of intangibles 2) 390 386 384 Adjustments 2), 4) 12 23 128 EBITDA per the Policy (Adjusted EBITDA) $1,483 $1,449 $1,380         Leverage ratio 1.3 1.3 1.2 1) Short- and long-term debt less cash and cash equivalents and debt-related derivatives. 2) Latest 12 months. 3) Interest expense including cost for extinguishment of debt, if any, less interest income. 4) Capacity alignments and antitrust related matters. See Items Affecting Comparability below.     19 Financial Report April - June 2025   Reconciliation of GAAP measure "Operating cash flow" to "Free o