Howmet Aerospace — Feb 12, 2026 release

The gas turbines business is entering its largest growth phase in years, with extremely high demand for electricity generation, especially from natural gas for data centers. In commercial transportation, we anticipate that the first quarter 2026 will be the quarterly low point and then we will begin to see healthy demand in the second half of 2026. Howmet is well positioned for growth in 2026 and beyond.”   Fourth Quarter and Full Year 2025 Segment Performance   Engine Products   Q4 2024     FY 2024     Q3 2025     Q4 2025     FY 2025   (in U.S. dollar amounts)                                         Third-party sales   $ 972     $ 3,735     $ 1,105     $ 1,163     $ 4,320   Inter-segment sales   $ 1     $ 7     $ 1     $ 2     $ 7   Provision for depreciation and amortization   $ 39     $ 139     $ 38     $ 39     $ 146   Segment Adjusted EBITDA   $ 302     $ 1,150     $ 368     $ 396     $ 1,438   Segment Adjusted EBITDA Margin     31.1 %     30.8 %     33.3 %     34.0 %     33.3 % Restructuring and other charges   $ 1     $ 1     $ —     $ 88     $ 88   Capital expenditures   $ 76     $ 219     $ 74     $ 84     $ 319     Engine Products reported fourth quarter 2025 revenue of $1.2 billion, an increase of 20% year over year, due to growth in the commercial aerospace, defense aerospace, and gas turbines markets, including engine spares growth. Segment Adjusted EBITDA was $396 mi