Short answer
Adient plc (ADNT) filed its fiscal 2025 10-K annual report with the SEC on Nov 18, 2025. It reported revenue of $14.5B (−1.0% year over year) and net income of −$281M.
- Top risk flagged: Tax audit and uncertain tax positions risk from aggressive foreign tax authority negotiations, with expected $20 million non-recurring payment in fiscal 2026
FY2025 key financial metrics · XBRL
- Revenue
- $14.5B
- −1.0% YoY
- Net income
- −$281M
- −1661.1% YoY
- Gross margin
- 6.6%
- +0.3 pp YoY
- EPS (diluted)
- −$3.39
- −1795.0% YoY
- ROE
- -15.9%
- −16.8 pp YoY
- Operating cash flow
- $449M
- −17.3% YoY
Source: XBRL data from the Adient plc (ADNT) FY2025 10-K on SEC EDGAR. USD.
Adient plc FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Global leader in automotive seating systems and components supplying major OEMs across 29 countries with 200 facilities and 65,000 employees
- Emphasis on technology investment including expansion in artificial intelligence for automation to reduce labor costs and improve manufacturing precision
- Strategic focus on market share expansion and vertical integration to enhance profit margins and leverage customer sourcing strategies
- Leadership in China with 37 facilities in 22 cities, broad OEM partnerships including joint ventures, supporting growth in the world's largest auto market
- Continued development of lighter, slimmer, environmentally friendly seating materials emphasizing safety and comfort as key product innovations
Management Discussion & Analysis
- Revenue $14.5B in FY2025, down 1% YoY from $14.7B in FY2024, driven by declines in EMEA and slight growth in Americas; Asia flat at $3.0B
- Adjusted EBITDA stable at $881M in FY2025 vs $880M in FY2024; Americas lead with $402M (up 7%), EMEA worst at $124M (down 20%)
- Net loss before taxes $(88)M in FY2025 vs income $133M in FY2024, due to $392M restructuring & goodwill impairment primarily in EMEA
- Operating cash flow $449M in FY2025, down from $543M in FY2024; capital expenditures $245M, share repurchases $125M, dividends suspended since 2019
- FY2026 outlook: lower cash flows expected from reduced volumes, higher capex on growth, non-recurring tax settlements, and accelerated commercial settlements in FY2025
Risk Factors
- Tax audit and uncertain tax positions risk from aggressive foreign tax authority negotiations, with expected $20 million non-recurring payment in fiscal 2026
- EMEA region exposure from overcapacity, pricing pressure, and $333 million goodwill impairment in fiscal 2025
- Supply chain and production vulnerability from shortages of critical components causing production downtime and adversely impacting volumes
- Competition and market disruption risk from intensifying Chinese imports and local OEMs eroding EMEA exports and market share in China
- Financial risk from $333 million non-cash goodwill impairment and $392 million restructuring costs in fiscal 2025 affecting profitability and leverage
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