Gogoro (NasdaqGS:GGR) Q4 2025 Earnings call February 12, 2026 07:00 AM ET Company ParticipantsAnnie Liao - Head of Investor RelationsBruce Aitken - CFOHenry Chiang - CEOOperatorWelcome to the Gogoro Inc. 2025 fourth quarter and full year earnings call. This conference call is now being recorded and broadcast live over the internet. A webcast replay will be available within an hour after the conference concludes. I would now like to turn the call over to the Gogoro team.Annie LiaoWelcome to Gogoro's 2025 fou ...

Group 1 - Aramis Group conducted share buybacks from December 29, 2025, to January 2, 2026, purchasing a total of 8,641 shares at a daily weighted average price of €4.6282 [2] - The daily transactions included purchases of 2,180 shares on December 29, 2025, 2,186 shares on December 30, 2025, 2,167 shares on December 31, 2025, and 2,108 shares on January 2, 2026 [2] - Aramis Group is a leading European B2C online used car sales company, with annual revenues exceeding €2.3 billion and selling over 119,000 vehicles B2C annually [3] Group 2 - The company operates in six countries and employs more than 2,400 people, with nine industrial-scale refurbishing centers across Europe [3] - Aramis Group focuses on sustainable mobility and is part of the circular economy, leveraging digital technology and employee engagement to enhance customer satisfaction [3] - The company is listed on Euronext Paris Compartment B under the ticker ARAMI [3]

Core Insights - Alstom has received three contracts in Q3 FY2025/26, indicating a strong order intake and commitment to sustainable mobility solutions [1][4] Company Overview - Alstom is a global leader in smart and sustainable mobility, offering a wide range of transportation solutions including high-speed trains, metros, and digital mobility services [2] - The company operates in 63 countries with a workforce of over 86,000 employees from 184 nationalities [2] - For the fiscal year ending March 31, 2025, Alstom reported sales of €18.5 billion [2] Contract Details - A contract for rolling stock supply in the Americas region valued at approximately €1.4 billion [4] - A contract for rolling stock supply in Europe as part of a framework agreement valued at approximately €0.6 billion [4] - A contract for additional rolling stock and maintenance services in Europe valued at approximately €0.5 billion [4]

Core Insights - Alstom has signed a contract with the Railway Transport Regulatory Agency in Mexico for the supply of 47 DMU passenger trains, which is part of the National Development Plan 2025-2030 aimed at enhancing passenger rail mobility in Mexico [1][2] Contract Details - The contract is valued at approximately 20.2 billion Mexican pesos (around 920 million euros) and includes comprehensive maintenance for five years, fitting out maintenance depots, inspection and refueling stations, as well as technical training and commissioning of the trains [2][12][9] Job Creation and Local Commitment - Alstom anticipates that this project will create and retain hundreds of jobs, including skilled engineering, project management, and manufacturing roles [3] - 76.6% of the train content will be produced in Mexico, which supports the local railway industry and strengthens the network of local suppliers [4][9] Train Specifications - The Adessia Stream trains will operate at maximum speeds of around 165 km/h, with configurations allowing for up to 600 passengers on short-haul services and around 300 on long-haul services [5] - The trains will feature modern design elements that resonate with Mexican cultural identity, including references to Nahuatl and the Codex Boturini [7][8] Manufacturing and Quality - The trains will be manufactured at Alstom's Ciudad Sahagún plant, which has over 70 years of manufacturing experience and is certified for high-quality production processes [16][17] - Alstom has received the "Made in Mexico" label, underscoring its commitment to quality and innovation in the national industry [18] Alstom's Role in Mexico - Alstom has been present in Mexico since 1952 and has played a significant role in developing urban mobility solutions, including the Mexico City Metro and modern railway systems [19] - The company is also involved in the Mayan Train project, which aims to enhance connectivity and economic development in the region [19]

Core Insights - Alstom has signed a contract with the Railway Transport Regulatory Agency in Mexico for the supply of 47 DMU passenger trains, valued at approximately 20.2 billion Mexican pesos (around 920 million euros) [1][2][11] - The project aims to enhance passenger rail mobility in Mexico, connecting key regions and is part of the National Development Plan 2025-2030 [1][3] - Alstom emphasizes local manufacturing, with 76.6% of the train content produced in Mexico, which supports the local railway industry and job creation [4][16] Contract Details - The contract includes not only the supply of trains but also comprehensive maintenance for five years, fitting out maintenance depots, inspection and refueling stations, and technical training [2][12] - The trains will be manufactured at Alstom's Ciudad Sahagún plant, which has over 70 years of manufacturing experience and strategic connectivity for logistics [17][19] Train Specifications - The Adessia Stream trains will operate at speeds of up to 165 km/h, with configurations allowing for up to 600 passengers on short-haul services [5][6] - The design of the trains reflects Mexican cultural identity, incorporating elements inspired by local heritage and aiming for modernity and innovation [7][8][10] Commitment to Sustainability - Alstom's HealthHub predictive system will be part of the service, which has already reduced energy use by 20% since 2014 [15] - The project is positioned as a long-term contribution to sustainable mobility and the development of the Mexican railway sector [4][19]

Group 1 - Aramis Group conducted share buybacks from December 15 to December 19, 2025, totaling 22,807 shares purchased at a daily weighted average price of €4.3752 [2] - The daily transactions included purchases of 4,577 shares on December 15, 4,620 shares on December 16, 4,687 shares on December 17, 4,542 shares on December 18, and 4,381 shares on December 19 [2] - The share buybacks were authorized by the General Assembly on February 4, 2025, in accordance with regulations related to share repurchases [2] Group 2 - Aramis Group is a leading European B2C online used car sales company, operating in six countries and generating annual revenues exceeding €2.3 billion [3] - The company has sold over 119,000 vehicles B2C and attracts nearly 70 million visitors to its digital platforms each year [3] - Founded in 2001, Aramis Group employs more than 2,400 people and operates nine industrial-scale refurbishing centers across Europe [3]

Core Viewpoint - Ayvens has initiated a share buyback program amounting to EUR 360 million aimed at share cancellation, with significant progress reported as of late November 2025 [1][2]. Group 1: Share Buyback Program - The buyback program was officially announced on October 30, 2025, and commenced on October 31, 2025, with a maximum budget of EUR 360 million [1]. - Ayvens has received all necessary authorizations from supervisory authorities, and the buybacks are conducted in compliance with the conditions set by the General Shareholders' Meeting held on May 19, 2025 [2]. - As of November 28, 2025, Ayvens has completed 94.8% of its share buyback program, representing 3.9% of its total share capital [3]. Group 2: Buyback Details - The buyback transactions from November 24 to November 28, 2025, involved a total of 1,335,117 shares purchased at an average price of EUR 10.86 [3]. - The buyback was executed across various trading platforms, including Euronext Paris, with a temporary suspension of the liquidity contract with BNP Paribas Exane during the buyback period [2]. Group 3: Company Overview - Ayvens is a leading global player in sustainable mobility, providing full-service leasing, flexible subscription services, fleet management, and multi-mobility solutions [4]. - The company operates with over 14,000 employees across 41 countries and manages a fleet of 3.2 million vehicles, including the world's largest multi-brand electric vehicle fleet [4]. - Ayvens is listed on Compartment A of Euronext Paris, with Societe Generale Group as its majority shareholder [4].

Core Insights - Tenneco LLC has successfully listed its subsidiary, Tenneco Clean Air India Limited, on the BSE and NSE under the ticker "TENNIND" [1] - This listing is a significant milestone in Tenneco's transformation and highlights India's growing role in innovation and sustainable mobility [3] Company Overview - Tenneco India includes the Clean Air, Champion Ignition, Powertrain (Bearings and Sealings), and Monroe Ride Solutions (MRS) businesses, representing a substantial part of Tenneco's manufacturing and engineering in the region [4] - The operations serve leading OEMs in India and globally, focusing on emission reduction and improved fuel economy to meet stricter regulations, as well as enhancing ride comfort amid the trend of passenger vehicle premiumization [4] Leadership Statements - Jim Voss, CEO of Tenneco LLC, emphasized the importance of the team’s execution and its impact on Tenneco's position in a dynamic market, reinforcing the company's commitment to India [4] - Arvind Chandra, CEO of Tenneco India, noted that the public listing reflects the business's maturity and the company's dedication to innovation and performance [5] Strategic Implications - The listing aligns with Tenneco's long-term strategy to enhance agility, transparency, and sustained growth, while also investing in talent, R&D, and export capabilities from India [5]

Core Viewpoint - Alstom has signed a significant contract with Ukrainian Railways to supply 55 Traxx locomotives, marking a commitment to modernize Ukraine's rail transport and support its economic development [1][3][4]. Contract Details - The contract is valued at approximately 470 million euros and will be financed by the European Bank for Reconstruction and Development (300 million euros) and the World Bank (190 million dollars) [1][10]. - Delivery of the locomotives is set to begin in 2027, with the manufacturing taking place at Alstom's Belfort site in France [2][10]. Technical Specifications - The locomotives will feature a twin Bo-Bo configuration, dual-voltage capabilities (3kV DC and 25kV AC), and a power range of 7.2 to 9.4 MW, allowing speeds of up to 120 km/h [6]. - Designed for high performance, reliability, and energy efficiency, these locomotives will be able to haul heavier loads compared to existing solutions [6]. Strategic Importance - This agreement is seen as a crucial step in addressing the outdated traction fleet of Ukrainian Railways, which has an average age of 46 years, and signals international partners' trust in the future of the Ukrainian railway industry [4]. - Alstom's involvement in Ukraine since 2012 includes the establishment of an engineering center in Kharkiv and a commitment to support local projects and expertise [7]. Alstom's Commitment - Alstom is dedicated to contributing to Ukraine's economic development and reconstruction through initiatives that strengthen trade and investment relations [5]. - The company has a broad portfolio of locomotives, including environmentally-friendly and cost-effective options, which are designed for high availability and extended maintenance intervals [8]. Company Background - Alstom has over 175 years of experience in locomotive design and manufacturing, with more than 6,000 units sold globally since 2000 [9]. - The company generated sales of €18.5 billion for the fiscal year ending on March 31, 2025, and operates in 63 countries with a diverse talent base [12].

Core Points - Renault Group has appointed Josep Maria Recasens as Chief Strategy, Product & Program Management Officer to enhance organizational agility and speed [1][2] - Recasens will report to CEO François Provost and will also continue as CEO of the Iberian Peninsula countries and Ampere until its transformation is complete [2][4] - The restructuring aims to unify strategy and product planning to improve coherence and agility within the organization [3] - Recasens emphasizes a strong focus on product, disciplined program management, and a holistic investment view as key principles for success [3][4] - Renault Group aims for carbon neutrality in Europe by 2040 and focuses on developing new technologies and electrified vehicles [7] Company Overview - Renault Group operates in 114 countries and sold 2.265 million vehicles in 2024, employing over 98,000 people [6] - The Group consists of four brands: Renault, Dacia, Alpine, and Mobilize, offering sustainable and innovative mobility solutions [6][7] - The company is committed to a transformation that generates value through new technologies and competitive electrified vehicles [7]