Core Viewpoint - TomTom anticipates a decline or steady revenue in 2026 due to a transition between old and new contracts, with growth expected to resume in subsequent years [1][2]. Revenue Forecast - The company projects revenue between 495 million and 555 million euros ($586 million and $657 million) for 2026, down from 555 million euros in the previous year, which was a 3% decline and below analysts' expectations of 561 million euros [2][5]. Contract Transition - The transition from old contracts to new ones is expected to cause a slight decline in 2026, with recovery anticipated in 2027 and the benefits of new contracts expected to materialize in 2028 [3][5]. Automotive Business - In the automotive sector, the order backlog reached a record 2.4 billion euros by the end of 2025, indicating strong future demand despite current challenges [3]. New Contracts and Partnerships - TomTom secured several contracts ahead of the 2026 CES trade show, including partnerships with Amazon Alexa, expanded cooperation with Uber, and a contract with Volkswagen's CARIAD for advanced driver-assisted systems [4]. Location Technology Business - Revenue in the core Location Technology business is expected to be between 435 million and 485 million euros in 2026, compared to 482 million euros last year, with an anticipated increase in operating margin from 0% to above 3% [5]. Operating Profit - Despite a revenue decline, the company's annual operating profit turned positive at 1.6 million euros, slightly below the 2 million euros expected by analysts [5]. Technology Optimization - The company has completed a significant overhaul of its technology stack by the end of 2025, which has allowed for improved efficiency and productivity [6].