Howmet Aerospace — Feb 12, 2026 release

Luther Rob Morrison (412) 553-1950 (412) 553-2666 Paul.Luther@howmet.com Rob.Morrison@howmet.com   Howmet Aerospace Reports Fourth Quarter and Full Year 2025 Results FY 2025: Record Revenue, Up 11% Year Over Year; Record Profit and Cash from Operations FY 2025: GAAP EPS Up 32% Year Over Year; Adjusted EPS * Up 40% Year Over Year FY 2025: $700 Million Deployed for Common Stock Repurchases; $265 Million Debt Reduction FY 2026: Revenue Growth Guidance at Approximately 10%, Expect Improved Profit and Cash Generation   Fourth Quarter 2025 GAAP Financial Results   · Revenue of $2.2 billion, up 15% year over year (YoY), driven by Commercial Aerospace, up 13% · Operating Income Margin of 22.6%, down 90 basis points YoY · Net Income of $372 million versus $314 million in the fourth quarter 2024; Earnings per Share (EPS) of $0.92, up 19% YoY · Generated $654 million of Cash from Operations; $449 million of Cash used for Financing Activities; and $122 million of Cash used for Investing Activities · Share repurchases of $200 million; paid $0.12 per share common stock dividend   Fourth Quarter 2025 Adjusted Financial Results   · Adjusted EBITDA excluding special items of $653 million, up 29% YoY · Adjusted EBITDA margin excluding special items of 30.1%, up 330 basis points YoY · Adjusted Operating Income Margin excluding special items of 26.8%, up 380 basis points YoY · Adjusted EPS excluding special items of $1.05, up 42% YoY · Generated $530 million of Free Cash Flow   Full Year 2025 GAAP Financial Results   · Revenue of $8.3 billion, up 11% YoY, driven by Commercial Aerospace, up 12% · Operating Income Margi