Phinia Inc..

Returned $41 million to shareholders through $30 million of share repurchases and $11 million in dividends.

SEC original ↗Phinia Inc.. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Balance Sheet and Cash Flow The Company ended the quarter with cash and cash equivalents of $349 million and $499 million of available capacity under its Revolving Credit Facility.

SEC original ↗Phinia Inc.. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Total debt at quarter end was $992 million .

SEC original ↗Phinia Inc.. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Adjusted Free Cash Flow The Company defines adjusted free cash flow as net cash provided by operating activities after adding back adjustments related to the ongoing effects of separation-related transactions, less capital expenditures, including tooling outlays.

SEC original ↗Phinia Inc.. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Management believes that adjusted free cash flow is useful to investors in assessing the Company's ability to service and repay its debt and return capital to shareholders.

SEC original ↗Phinia Inc.. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Key Wins in Strategic Growth Markets New business wins remained strong, notable Q3 wins include New, next generation canister technology with leak detection devices in a Plug-in Hybrid Electric Vehicle (PHEV) for a leading North American OEM on two hybrid light commercial vehicle programs.

SEC original ↗Phinia Inc.. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Third-quarter results reflect the strength of our strategy and dedication of our team, said Brady Ericson, President and Chief Executive Officer of PHINIA.

SEC original ↗Phinia Inc.. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Despite external headwinds, we remain focused on operational excellence and long-term value creation.

SEC original ↗Phinia Inc.. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

We also focused on the integration of SEM, a strategic move aligned with PHINIA s broader growth roadmap.

SEC original ↗Phinia Inc.. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

This initial step in our growth strategy opens the door to new opportunities and reinforces our position in the industry, Ericson added.

SEC original ↗Phinia Inc.. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Excluding the impacts of foreign currency and the acquisition of SEM, increases of $19 million and $8 million, respectively, adjusted sales increased $43 million or 5.1%, primarily driven by customer pricing, tariff recoveries and increased volumes in Asia and the Americas.

SEC original ↗Phinia Inc.. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Despite external headwinds, we remain focused on operational excellence and long-term value creation.

SEC original ↗Phinia Inc.. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Forward-looking statements are subject to risks, uncertainties, and factors relating to our business and operations, all of which are difficult to predict and which could cause our actual results to differ materially from the expectations expressed in or implied by such forward-looking statements.

SEC original ↗Phinia Inc.. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

federal income tax purposes, our or our former parent s failure to perform under, or additional disputes that may arise between the parties 4 relating to, various transaction agreements executed in connection with the spin-off and any amendments and restatements thereto, and the availability of, and our ability to use, various credits and offsets detailed in such agreements or the settlement agreement between the Company and our former parent and other risks and uncertainties described in our reports filed from time to time with the Securities and Exchange Commission.

SEC original ↗Phinia Inc.. — Earnings release (8-K exhibit)EX-99Oct 28, 2025