Autoliv — Jan 30, 2026 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.     Dec 31 Sep 30 Dec 31 (Dollars in millions) 2025 2025 2024 Net debt 1)  (Non-GAAP) $1,566 $1,772 $1,554 Pension liabilities 169 167 153 Net debt per the Policy (Non-GAAP) $1,736 $1,939 $1,708         Net income 2) $736 $754 $648 Income taxes 2) 250 261 227 Interest expense, net 2, 3) 93 94 95 Other non-operating items, net 2) 15 20 16 Income from equity method investments 2) (6) (6) (7) Depreciation and amortization of intangibles 2) 407 397 387 Capacity alignments 2) 23 (1) 19 Antitrust related items 2) 3 5 8 Other items 2) - - 0 EBITDA per the Policy (Adjusted EBITDA) (Non-GAAP) $1,521 $1,524 $1,394         Leverage ratio (Non-GAAP) 1.1 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.     19 Financial Report October - December 2025   Reconciliation of GA