Core Insights - AKWEL has reported a consolidated revenue of €730.7 million for the first nine months of 2025, reflecting a decline of 3.6% compared to €757.7 million in the same period of 2024 [2][3]. Revenue Breakdown - Revenue for the first three quarters is detailed as follows: - Q1: €255.6 million, down 3.0% from €263.5 million in Q1 2024 - Q2: €255.0 million, down 3.9% from €265.3 million in Q2 2024 - Q3: €220.1 million, down 3.9% from €228.9 million in Q3 2024 - Total for nine months: €730.7 million, down 3.6% from €757.7 million in 2024 [3]. Geographic Revenue Distribution - Revenue by geographic area for the nine-month period is as follows: - EMEA: €491.3 million, down 1.6% - America: €214.8 million, down 6.7% - Asia: €24.6 million, down 13.6% [9]. Financial Position - As of September 30, 2025, AKWEL's consolidated net cash, excluding lease liabilities, stood at €168.9 million, an increase of €19.6 million compared to June 30, 2025. The company also had an investment envelope of €8.4 million for the quarter [4]. Future Outlook - The company anticipates a double-digit decline in consolidated revenue for 2026, primarily due to expected decreases in volumes of SCR tanks and delays in electric vehicle production programs [5].