Company Announcements

• Over 11 million vehicles serviced by ECARX solutions to date
• ECARX working with 28 brands across 18 OEMs
• 2025 showed cased double-digit revenue growth
• Profitability improved by 50% year over year
• Global expansion strategy showing clarity and direction

LONDON , April 2, 2026 /PRNewswire/ -- ECARX Holdings Inc. (Nasdaq: ECX) ("ECARX" or the "Company"), a global leader in automotive intelligent technology, announced its audited financial results for the fiscal year ended December 31, 2025 with the filing of its 20-F on March 30, 2026 to the United States Securities and Exchange Commission.

The 2025 full year results validate ECARX's strong growth trajectory, improved profitability, and strategic progress in scaling its global mobility technology platforms.

2025 Audited Financial & Operational Highlights

• Total Revenue: $847.9 millionrepresenting 10% year‑over‑year (YoY) growth, driven by record shipments of the flagship Antora® compute platform, market leadership in China's sub-200,000CNY cockpit domain controller segment, and growing revenue from global OEM partnerships.
• Gross Profit & Margin: Gross profit reached $161.3 million, with a stable 19% gross margin, underscoring optimized supply chain management, and cost-control efficiency amid industry headwinds.
• Q4 2025 Milestone: Record quarterly revenue of $304.7 million (+13% YoY); achieved two consecutive quarters of profitability (Q3 and Q4 2025), with Q4 delivering net income of $2.8 million and adjusted EBITDA of $21.6 million - a historic first for the Company as a NASDAQ-listed entity.
• Cost Optimization: R&D expenses decreased 39% YoY in Q4 2025 by increased use of AI tools; full‑year selling, general and administrative expenses fell 14% YoY, driving operational efficiency and margin expansion.
• Global Traction: Overseas Revenue from global markets accounted for 28% of total 2025 revenue; total order backlog exceeded $2.5 billion, supported by deepened collaborations with leading global automotive brands.
• Net Loss Improvement: Net loss narrowed to $68.9 million, a 50% reduction from the $137.8 million net loss in 2024, driven by strong disciplined operational expense optimization and economies of scale in mass production.
• In 2025 Antora® platform DHU shipments reached 647K units, year on year increase of +150%.
• In 2025, Venado module shipments reached 13.8m units, representing a 52% year-over-year increase; cumulative shipments exceeded 3.5 million units.

ECARX's revenue structure continued to be optimized over the course of 2025. The share of sales revenue from automotive computing platforms increased significantly, becoming the largest source of revenue—among which the share of this business in the second half of 2025 was nearly 10 percentage points higher than that in the first half. The growth in sales of high-value-added products such as the Antora®, Venado and Pikes® series directly drove the expansion of the overall revenue scale.

Ziyu Shen, Founder and Chief Executive Officer of ECARX said:

"2025 was a transformative year for ECARX, as we delivered audited results that reflect our commitment to continued innovation, lean operations and sustainable growth. We have achieved a proven track record of double‑digit revenue growth and secured consecutive profitable quarters; milestones that validate the strength of our business model and the market demand for our intelligent mobility solutions.

Over the course of 2025, we strengthened our technology leadership with the Antorra® platform, expanded our global OEM partnerships into Europe, South America and Southeast Asia, we have also optimized our cost structure to enhance profitability. Looking ahead, we will continue to scale our core platforms, accelerate software innovation in AI cockpits and cross-domain fusion, and capitalize on the global shift toward software-defined vehicles. We are confident in our ability to drive further growth and deliver long‑term value to our shareholders, partners, and customers."

ECARX remains steadfast in its mission to empower the intelligent transformation of global automakers with full‑stack technology. ECARX will collaborate hand‑in‑hand with global partners to collectively accelerate the intelligent revolution of the global automotive industry

Access to the 2025 Annual Report on Form 20-F

The Company's 2025 Annual Report including the full audited financial statements and accompanying disclosures are available free of charge on ECARX's investor relations website at ir.ecarxgroup.com and on the SEC's website at www.sec.gov.

About ECARX Holdings Inc.

ECARX Holdings Inc. (NASDAQ: ECX) is a global mobility technology company powering software-defined vehicles for the world's top automakers. With 13 global R&D and commercial hubs across China, the U.S., the UK, Germany, Sweden, Singapore and other key markets, ECARX delivers full-stack intelligent mobility solutions including the Antorra® compute platform, Cloudpeak® cross-domain software architecture, and self-developed SiEngine Longying No.1 7nm automotive chip. The Company's solutions are pre-installed on over 11 million vehicles worldwide, with strategic partnerships with global OEMs including Volkswagen Group, Polestar, Volvo Cars, Geely Group, and Mercedes. ECARX's mission is to make cars more intelligent through innovation, efficiency and global collaboration, and to build a sustainable, connected global mobility ecosystem for the AI-driven era. For more information, please visit www.ecarxgroup.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including statements regarding ECARX's expected growth, profitability, global OEM partnership expansion, technological innovation, and shareholder value creation. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to differ materially from those expressed or implied by such statements. Key risks and uncertainties include, but are not limited to, global automotive industry cyclicality, supply chain disruptions, intensifying competition in the intelligent mobility technology sector, regulatory changes across global markets, and the Company's ability to scale production and meet customer demand. For more information on these risks and uncertainties, please refer to ECARX's periodic reports filed with the SEC from time to time. ECARX assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

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SOURCE ECARX Holdings Inc.