Core Insights - The company delivered a record 2025 Adjusted EBITDA of $492 million with a margin of 13.1% despite facing significant challenges from softer US EV demand and market share shifts in China [1] - New business wins reached a record $7.4 billion, marking a 20% year-over-year increase, driven by high demand for SmartCore and advanced display systems [1] - Strategic diversification efforts are reducing reliance on legacy OEMs, with $500 million in new business from Toyota and nearly 15% of wins coming from two-wheeler and commercial segments [1] - Vertical integration initiatives were accelerated in 2025, including in-house molding of metal brackets and optical bonding to simplify supply chains and capture incremental value [1] - Global growth over the market was limited to 2% due to a seven percentage point drag from Battery Management Systems (BMS) and global OEM share loss in China [1] - The company reinforced its advanced technology leadership through significant OLED display wins with luxury OEMs and the expansion of the Cognito AI smart assistant [1]