A quarter marked by staying the course and concentrating efforts.

Full Year guidance 2025 revised.

Sale of Defence and Tata Motors Tender Offer progressing according to plan.

Continuing Operations (excluding Defence business)^(*)

“This quarter was about staying the course. We concentrated our efforts on the long-term vision and stayed disciplined in how we run the business in the here-and-now: strict control on pricing, managing costs, keeping inventories tight and accelerating our Efficiency Programme.

Our business units led with this same focus. Truck worked to strike the optimal balance between pricing and market share. It paid special attention to protecting our leadership position among LCV chassis cabs – given the challenging pricing dynamics in this sub-segment – and on completing the introduction of Model Year 24 throughout Europe, ensuring the quality, performance and full potential of the product. Powertrain saw a slight increase in engine volumes, a welcome first sign of recovery and improved profitability, and signed new third-party contracts. The order books for our Bus business unit remained strong and were reinforced by the recently signed framework agreements with Île-de-France Mobilités for up to 4,000 low- and zero-emission buses and coaches to be delivered between 2026 and 2032, providing clear long-term visibility. Profitability for Bus in the third quarter was impacted by costs associated with the ramp up of production at our Annonay plant in France.

Considering our performance to date, we have revised our Full Year financial guidance. For the fourth quarter we expect to register improved profitability performance year-over-year across our business units and a decisive contribution from our Efficiency Programme.

As always, each of our business units is committed to delivering operational excellence. Together, we remain focused on achieving our long-term goals and creating lasting value for everyone who depends on Iveco Group.”

Olof Persson, Chief Executive Officer

Notes:

Iveco Group consolidated financial results included in this press release are prepared in accordance with EU-IFRS.

(*) On 30^th July 2025, Iveco Group announced the signing of a definitive agreement to sell its Defence business (IDV and ASTRA brands) to Leonardo S.p.A.. The transaction is expected to be complete no later than 31^st March 2026, subject to customary regulatory approvals and carve out completion. In accordance with IFRS 5 – Non-current Assets Held for Sale and Discontinued Operations, as the sale became highly probable in July, the Defence business met the criteria to be classified as a disposal group held for sale; it also met the criteria to be classified as Discontinued Operations. In accordance with applicable accounting standards, the figures in the Income Statement and Statement of Cash Flows for 2024 comparative periods have been recast consistently. Furthermore, in 2024 the Fire Fighting business was classified as Discontinued Operations. Its sale was completed on 3^rd January 2025. 2025 and 2024 financial data shown in this press release refer to Continuing Operations only, unless otherwise stated.

⁽¹⁾Non-EU-IFRS financial measures: refer to the “Non-EU-IFRS Financial Information” section of this press release for information regarding non-EU-IFRS financial measures. Refer to the specific table in the “Other Supplemental Financial Information” section of this press release for the reconciliation between the non-EU-IFRS financial measure and the most comparable EU-IFRS financial measure.

⁽²⁾ Comparison vs 30^th June 2025