Financial Performance - The company achieved a record first-half revenue of $2.242 billion, a 6.8% increase compared to the prior year, driven by growth in the APAC region with Chinese OEMs[34, 36] - EBITDA grew by 16.8% year-over-year, with a margin expansion of 90 bps, reaching $230 million[34, 36, 47] - Net profit attributable to equity holders increased to $63 million, compared to $16 million in the first half of the previous year[36] - The company has a strong balance sheet with $367 million of net cash[34, 56] - Free cash flow was negative $2 million, compared to $37 million in the first half of the previous year[36] Bookings and New Business - The company secured $1.5 billion of new bookings in the first half of 2025[12, 17] - 74% of the new bookings are from new or conquest business, while 26% are from incumbent business[20] - 69% of the bookings are for EPS (Electric Power Steering) products, and 23% are for driveline products[20] - 39% of the bookings are from Chinese OEMs, and 61% are from other OEMs[20] Strategic Initiatives - Launched 31 new customer programs across all regions, including the first DPEPS launch in China[11, 15] - Expanding Motion-by-Wire chassis control, including Steer-by-Wire (SbW), Rear-Wheel Steering (RWS), and Electro-Mechanical Brake (EMB)[13, 23] - Strategic footprint expansion in Asia Pacific with new facilities in Changshu and Liuzhou, China[28, 29]