Key figures - MTU Aero Engines

(m€)	FY 2021	FY 2022	FY 2023*	FY 2024*	FY 2025*
Revenues	4.188	5.330	6.326	7.488	8.717
EBIT adj.	468	655	818	1.050	1.351
EBIT adj.margin	11.2%	12.3%	12.9%	14.0%	15.5%
Net Income adj.	342	476	594	764	968
Free Cashflow	240	326	352	183	378

* ) in 2023 Revenues and EBIT adjusted for GTF fleet management plan; reported revenues 5.363 m€ ; reported EBIT -161 m€ / in 2024 and 2025 Revenues adjusted

Consolidated Income Statement

(m€)	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues	4.188	5.330	5.363*	7.411*	8.763*
Total Cost of Sales	-3.601	-4.475	-5.245	-6.178	-7.075
Gross Profit	586	855	118	1.233	1.688
Gross Profit Margin	14,0%	16,0%	2,2%	16,6%	19,3%
R&D according to IFRS	-83	-106	-114	-106	-111
SG&A	-216	-254	-250	-266	-331
Other operating income (expense)	-16	-50	-14	-21	-26
P&L of companies accounted "at equity and at cost"	84	62	99	115	159
EBIT reported	355	508	-161	955	1.379
EBIT adj.	468	655	818	1.050	1.351
EBIT adj.margin	11,2%	12,3%	12,9%	14,0%	15,5%
Financial Result	-39	-45	-45	-60	-17
Profit before tax (EBT)	315	463	-205	895	1.362
Taxes	-84	-130	108	-253	-335
Net Income reported	231	333	-97	642	1.028
Net Income adj.	342	476	594	764	968
EPS reported	4,17	6,21	-1,90	11,77	18,90
EPS adj.	6,41	8,91	10,96	14,04	17,79

* in 2023 revenues and EBIT adjusted for GTF fleet management plan

adjusted revenues 6.326 m€; adjusted EBIT 818 m€

reported revenues 5.363 m€; reported EBIT -161 m€

* in 2024 revenues adjusted 7.488 m€ / in 2025: 8.717 m€

Cash-Flow

(m€)	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Net Income IFRS	231	333	-97	642	1.028
Depreciation and amortization	358	356	332	482	416
Change in provisions	-79	219	964	214	-167
Change in Working Capital	50	-293	-81	-696	-404
Taxes	-22	54	-345	47	113
Interest, derivatives, others	30	59	5	23	-137
Cash Flow from operating activities	567	728	777	714	848
Cash Flow from investing activities	-345	-400	-420	-603	-485
Adjustments	18	-2	-5	73	14
Free Cash Flow	240	326	352	183	378
Cash Flow from financing activities	-276	-224	-294	736	-838
Cash and cash equivalents at	722	823	883	1.747	1.256

Balance Sheet

(m€)	31/12/2021	31/12/2022	31/12/2023	31/12/2024	31/12/2025
Intangible Assets	1.128	1.151	1.200	1.313	1.490
Property, Plant, Equipment	1.251	1.384	1.501	1.767	1.978
other Non-current assets	1.664	1.611	1.904	1.885	1.671
Total Non-Current assets	4.043	4.146	4.604	4.965	5.139
Current assets	4.260	5.085	5.599	7.519	7.582
Total assets	8.304	9.230	10.204	12.484	12.721
Equity	2.760	3.107	2.933	3.438	4.375
Non-Current Liabilities	2.424	2.343	2.258	2.997	3.090
Current Liabilities	3.119	3.780	5.013	6.049	5.255
Total Equity and Liabilities	8.304	9.230	10.204	12.484	12.721
thereof Pension Provisions	948	707	743	724	671
Working Capital	1.401	1.901	1.908	2.825	3.232

Multi Year Summary of Key Figures

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