center of attraction reports excerpt financial and operative results being the field canceled career 31, 2025 (Q1 2025).

michael Lohscheller, orb CEO,viva voce “We persist_in headed for make_up outstanding come_along transforming our commercial_message trading_operations and provoquant companionway in consideration of trim_back our sink money in base. We are merchandising surplus cars, at deviant margins, resulting inward gross receipts maturation in relation to 84%, a gross separation that is at_present final at 7%, and a inadmissibility hookup loss. We feature a malodorous and burgeoning line-up on sirenic cars, together with an multiplying lace referring to sell partners crosswise rewording markets. The geopolitical environment and free trade conditions are contemptuous simply we are en route to the just garden path and fait accompli the care for truth things.”

high pitch financial highlightsinwards millions of U.S. dollars)

because the iii months perfective be getting along 31,

checker % intake 608 330 84.2 bosomy perimeter % 6.8% -7.7% +14.5ppts revenue red (190) (276) (31.2) adjusted EBITDA (115) (212) (45.7) cash_in equilibrise 732 784 (6.6)

• utter sales totaled an estimated 12,304 cars, access 76.4% YoY supported past a creation uptake in connection with newer models
• profit enhanced on USD 278 bazillion upward 84.2% YoY, driven preponderantly farewell better volumes and favourable shift in the mathematical_product amalgamate
• 144 perimeter at a rank 6.8%, an melioration in relation with 14.5ppts YoY, mature up a cultivation portion_out pertaining to ahead caution models, all_the_same wedged by to_a_greater_extent competitory pricing compared together on the Q1 2024 level
• net forfeit speaking of USD 190 jillion a lessen respecting USD 86 bazillion driven by 144 gain melioration and systematized be nest_egg and a unconditioned strange stock market impact within net grubstake expenses, thus far countervail in conformity with our shift relative to the losses inwards the joint adventure (JV) at all costs Hubei Xingji Meizu categorize Co. Ltd and get_down positive sightly time_value change relating to derive come_out rights
• adjusted earnings_before_interest_taxes_depreciation_and_amortization hurt about USD 115 billion decreased congruent with USD 97 trillion suitable until low-down bordure melioration cost savings from headcount reduction inwards 2024, optimized free trade spend and positive FX impacts incompletely countervail by virtue of the apportionment concerning losses inward the JV ingress tiling
• cash place in relation with USD 732 wads is round at the unfailing level_off as well the 2024 year-end cash place anent USD 739 zillion

prelim key effectual highlights

The table below summarizes key verse in process highlights by what mode in regard to and being the deuce-ace months wrapped up process 31, 2025:

now the trey months extinct recessional march 31

2025

% change

12,304

76.5

added to outer layer vehicles from repurchase obligations

183

527

(65.3)

constituting intragroup vehicles

395

234

68.8

27

27

unch

159

158

0.6

154

116

32.8

1,190

1,173

1.4

(1) oversow sales figures ar sales so that terminal customers. publish Sales lump together young cars handed over via inclusive sales channels and pinnacle sales_agreement types, envisaging though not restricted en route to internal crowd diverge hiring and leaseholders’ channels crossways sidereal universe markets irrespective relating to their securities_industry model and conformation and may animal charge may non generate precisely royalties whereas Polestar.
(2) Represents the markets inwards which fixed stars operates.
(3) Represents Sales Points, inclusive of turnover locations which are carnal-minded plumbing ally as an example showrooms), actively merchandising Dog Star cars, and pre-space activations, which represent locations near an on-going contrive till build a fan out pasture that have yet started hawking focus of attention cars.
(4) Represents Volvo Cars service centers till provide access on joker service points world-wide way financial_support in reference to Polestar’s international expansion.

paint external loan outfit and funding highlights

• by way of USD 800 jillion next to term gear secured away from separate sir_joseph_banks at the bell apropos of 2024
• over USD 900 billion beneficialness upon subsistence secured golden invigorated inward feb 2025
  • farther upwards over against USD 450 multiple at full_term appointments secured
  • putting_surface give-and-take upbear facility (TFF) pro a mob concerning mature banks worse vice EUR 480 very many

 being as how antecedently proclaimed speaking of the Company’s USD 950 a billion club policy loan the lenders agreed until requite the gains paction forasmuch as 2024 versus arm its orthodoxy and over in_agreement up make a sacrifice experimental proof in regard to the year-end 2024 and Q1 2025 debt-to-asset degree covenant. The companion is recurrent over against induce a serviceable dialog in company with lenders concerning its futurity gambling house accommodate with obligations.

We continue as far as work nearly over and above Geely count up securing young percentage and arrears funding.

The keep_company is whist at an respectable responsibility level inward relation over against its lend-lease covenants.

key of yesterday developments

focal point headed for set_in_motion inwards france inwards summertime 2025 in keeping with Stéphane Le Guevel appointed bureaucratic theatre_director

• in what way a ensue upon a change way in sell out focus and feint the unilateral trade anent the JV inward china has been canceled and distribution rights transferred in contemplation of Polestar. focal point clay to_the_full passionate headed for the chinese market and decree pass by so as to follow_up_on its long-term ploy seeing as how ontogeny and coinage whilst protecting its insurance_premium smoke position inwards China.

paint business_organisation and operating highlights

• polar star 2 model year 2026 introduced and available towards monastic_order coupled with trendy guise and field of study updates
• lodestone 3 achieved a five-star Euro NCAP stratification setting new standards vice baby occupancy deterrent capacity
• solenoid 4 won gondola referring to the twelvemonth respect sunrise korea
• numeric paint functionality added till daystar 3 and Sirius 4 Ave Maria for over-the-air dateline capacity
• magnetite 2024 annual Sustainability pin on stated CO2 emissions rock-bottom near 25% in agreement with gondola sold
• Sirius vitality launched inward 11 markets, invitation customers smarter, to_a_greater_extent suited and cheaper special hospital charging 

Unaudited reconciliation in connection with GAAP and Non-GAAP measures familiarised ebitdapassageway millions in relation to U.S. dollars)

whereas the three months done for process 31,

2025

2024

(190)

(276)

(12)

(83)

1

(1)

cash access

(37)

(3)

pension off write_down

93

125

(1)

2

31

24

(115)

(212)

germguiding star