Nov. 5, 2025

•Third consecutive quarter of double-digit YoY order entry growth, with solid operational performance in Banking and strong demand momentum in Retail

•Free cash flow approximately doubling sequentially

•Board authorizes new $200 million share repurchase authorization; initial $100 million share repurchase program announced Feb. 12, 2025 is now complete

•Company reaffirms 2025 outlook with clear line of sight to strong Q4

NORTH CANTON, Ohio - Diebold Nixdorf (NYSE: DBD), a world leader in transforming the way people bank and shop, today reported its third quarter financial results.

•Solid Q3 '25 financial performance, positioning the company to achieve full-year objectives

◦Strong Q4 product revenue visibility with backlog of ~$920 million

◦Revenue of $945.2 million, up 2% YoY and 3% sequentially

◦Gross margin (GAAP) of 25.9%, and 26.2% (non-GAAP), up 40 bps and 10 bps YoY, respectively

◦Net cash provided from operating activities (GAAP) of $37.4 million; free cash flow (non-GAAP) of $24.5 million; remain on-track to deliver over $200 million in free cash flow in 2025, which would nearly double YoY

◦Net income (GAAP) of $41.7 million; adjusted EBITDA (non-GAAP) of $121.9 million

◦EPS attributable to Diebold Nixdorf of $1.11 (GAAP), or $1.39 per share on an adjusted basis, excluding foreign exchange impact (non-GAAP)

•Repurchased approximately $39.5 million of shares in the third quarter, and have since completed our $100 million share repurchase authorization

•Credit rating upgrade from S&P Global Ratings reflects company's strengthened financial profile

•Company reaffirms 2025 full-year financial outlook, trending toward the higher end of ranges for total company revenue, adjusted EBITDA and free cash flow

Octavio Marquez, Diebold Nixdorf president and chief executive officer, said: "We delivered another solid performance during the period with year-over-year revenue growth and margin expansion, and the fourth consecutive quarter of positive free cash flow. Retail is gaining momentum and our industry-leading Banking solutions position us for growth. Our new $200 million share repurchase program underscores confidence in our strategy and commitment to returning capital to stockholders."

•Banking continued to score significant wins in all geographies as customers increasingly seek out DN Series® ATMs and services to address their branch automation needs

•Unveiled a new Branch Automation Solutions portfolio as an expanded services suite, improving efficiency in physical channels and delivering a seamless, omnichannel experience for consumers

•Eurasian Bank first to implement Diebold Nixdorf's latest generation self-service application software

•Retail delivered very strong YoY performance, with 8% growth in revenue and a 40% increase in order entry; leveraging the company's strong presence in Europe with several major wins to support future growth -- including a ~$60 million, five-year managed service contract with a major U.K.-based grocer

•EDEKA Paschmann first German retailer to use Diebold Nixdorf's AI-powered solution to combat shrink at self-checkout

Company reaffirms 2025 full-year financial outlook, trending toward the higher end of ranges for total company revenue, adjusted EBITDA and free cash flow.

1 - See Note 1 below for Non-GAAP adjustments to net sales, gross profit and operating expenses, which include selling and administrative expense, research, development and engineering expense, gain/loss on sale of assets, net, and impairment of assets, and Note 2 for adjusted EBITDA and adjusted net income (loss).

2 - With respect to the company’s adjusted EBITDA and free cash flow outlook for 2025, it is not providing reconciliations to the most directly comparable GAAP financial measures because it is unable to predict with reasonable certainty those items that may affect such measures calculated and presented in accordance with GAAP without unreasonable effort. These measures primarily exclude future restructuring and refinancing actions and net non-routine items. These reconciling items are uncertain, depend on various factors and could significantly impact, either individually or in the aggregate, operating profit and net income calculated and presented in accordance with GAAP.

More information on Diebold Nixdorf's quarterly earnings is available on its Investor Relations website. Octavio Marquez, president and chief executive officer, and Tom Timko, executive vice president and chief financial officer, will discuss the company's financial performance during a conference call today at 8:30 a.m. ET. Registration for the earnings call is available at https://registrations.events/direct/Q4I6143810. After registering, you will receive an individualized dial-in number and PIN. The webcast is available at www.dieboldnixdorf.com/earnings. The replay of the webcast can be accessed on the website for up to three months after the call.

NOTE TO READERS – Please see “Diebold Nixdorf Board of Directors Authorizes New $200 Million Share Repurchase Program,” also released today, for more information.

Diebold Nixdorf, Incorporated (NYSE: DBD) automates, digitizes and transforms the way people bank and shop. As a partner to the majority of the world’s top 100 financial institutions and top 25 global retailers, our integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of consumers each day. The company has a presence in more than 100 countries with approximately 21,000 employees worldwide. Visit www.DieboldNixdorf.com for more information.

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To supplement our condensed consolidated financial information presented in accordance with GAAP, the Company considers certain financial measures that are not prepared in accordance with GAAP, including Non-GAAP results, Non-GAAP operating profit margin, adjusted diluted earnings per share, free cash flow (use) and free cash flow conversion, net debt, EBITDA, adjusted EBITDA, and constant currency results. The Company calculates constant currency by translating the prior year results at current year exchange rates. The Company uses these Non-GAAP financial measures, in addition to GAAP financial measures, to evaluate our operating and financial performance and to compare such performance to that of prior periods and to the performance of our competitors. Also, the Company uses these Non-GAAP financial measures in making operational and financial decisions and in establishing operational goals. The Company also believes providing these Non-GAAP financial measures to investors, as a supplement to GAAP financial measures, helps investors evaluate our operating and financial performance and trends in our business, consistent with how management evaluates such performance and trends. The Company also believes these Non-GAAP financial measures may be useful to investors in comparing its performance to the performance of other companies, although its Non-GAAP financial measures are specific to the Company and the Non-GAAP financial measures of other companies may not be calculated in the same manner. We provide EBITDA and Adjusted EBITDA because we believe that investors and securities analysts will find EBITDA and adjusted EBITDA to be useful measures for evaluating our operating performance and comparing our operating performance with that of similar companies that have different capital structures and for evaluating our ability to meet our future debt service, capital expenditure and working capital requirements. We consider free cash flow (use) to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by the business operations that, after the purchase of property and equipment and capitalized software development, can be used for debt servicing, strategic opportunities, including investing in the business, making strategic acquisitions, strengthening the balance sheet, paying dividends, and repurchasing our common shares. Free Cash Flow Conversion is a liquidity ratio that measures the Company's ability to convert operating profits into free cash flow and is calculated as Free Cash Flow over Adjusted EBITDA. For more information, please refer to the section, "Notes for Non-GAAP Measures."

This press release may contain statements that are not historical information and are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events and are not guarantees of future performance. These forward-looking statements include, but are not limited to, projections, statements regarding the Company's expected future performance (including expected results of operations and financial guidance), future financial condition, anticipated operating results, strategy plans, future liquidity and financial position.

Statements can generally be identified as forward looking because they include words such as “believes,” “anticipates,” “expects,” “intends,” “plans,” “will,” “estimates,” “potential,” “target,” “predict,” “project,” “seek,” and variations thereof or “could,” “should” or words of similar meaning. Statements that describe the Company's future plans, objectives or goals are also forward-looking statements, which reflect the current views of the Company with respect to future events and are subject to assumptions, risks and uncertainties that could cause actual results to differ materially. Although the Company believes that these forward-looking statements are based upon reasonable assumptions regarding, among other things, the economy, its knowledge of its business, and key performance indicators that impact the Company, these forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed in or implied by the forward-looking statements.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

The factors that may affect the Company's results include, among others:

•the success of new products and services, including Branch Automation Solutions for banking, cash recycling technology, DN Series® EASY family of retail checkout solutions and Vynamic® Smart Vision technology;

•ability to successfully execute on our digitally enabled hardware, services and software strategy;

•ability to generate sufficient cash flows to service our indebtedness, fund our operations, make adequate capital investments and repurchase our common shares;

•the ultimate benefits of continuous improvement programs and other cost savings plans;

•risks related to our international operations, including geopolitical instability and wars;

•developments from recent and potential changes to trade policies by the U.S. or other countries, including tariffs;

•the impact of the proliferation of payment options other than cash, which could result in a reduced need for cash in the marketplace and a resulting decline in the usage of ATMs;

•the impact of increased energy, raw material and labor costs;

•the impact of competitive pressures, including pricing and the introduction of new products and services by our competitors;

•the impact of a cybersecurity incident or operational failure on our business;

•challenges associated with the use of artificial intelligence in our business;

•reliance on suppliers, subcontractors and availability of raw materials and other components;

•reliance on third parties, including to provide security systems and systems integration as well as outsourced business processes and other financial services;

•ability to attract, retain and motivate key employees;

•the impact of additional tax expense or exposures;

•the potential for additional pension liability or expense associated with low investment performance by our pension plan assets;

•success in executing potential acquisitions, investments or partnerships and divestitures;

•the impact of market and economic conditions, including the bankruptcies, restructuring or consolidations of financial institutions, which could reduce our customer base and/or adversely affect our customers' ability to make capital expenditures, as well as adversely impact the availability and cost of credit;

•changes in political, economic or other factors such as currency exchange rates, inflation rates (including the impact of possible currency devaluations in countries experiencing high inflation rates), recessionary or expansive trends, disruption in energy supply, taxes and regulations and laws affecting the worldwide business in each of our operations;

•ability to maintain effective internal controls;

•the impact of regulatory and financial risks related to climate change;

•the impact of an adverse determination that our services, products or manufacturing processes infringe the intellectual property rights of others, or our failure to enforce its intellectual property rights;

•exposure to liabilities under the FCPA or other worldwide anti-bribery laws;

•effect of changes in law and regulations or the manner of enforcement in the United States and internationally and our ability to comply with applicable laws and regulations;

•the amount and timing of any repurchases of our common shares; and

•other factors included in our filings with the Securities and Exchange Commission (the "SEC"), including our Annual Report on Form 10-K for the year ended December 31, 2024.

Except to the extent required by applicable law or regulation, the Company undertakes no obligation to update these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.

You should consider these factors carefully in evaluating forward-looking statements and are cautioned not to place undue reliance on such statements.

1 - See Note 1 under Notes for Non-GAAP adjustments to net sales, gross profit and operating expenses, which include selling and administrative expense, research, development and engineering expense, gain/loss on sale of assets, net, and impairment of assets and Note 2 for adjusted EBITDA and net income (loss).

 

To supplement our condensed consolidated financial statements presented in accordance with GAAP, the company utilizes certain financial measures that are not prepared in accordance with GAAP, including Non-GAAP results, EBITDA and Adjusted EBITDA, adjusted earnings per share, free cash flow (use) and net debt.

Note 1. Profit and loss summary ($ in millions):

						Three months ended September 30, 2024
						Service Sales			Product Sales			Net Sales			COS - service			COS -product			COS												Gross Profit			% of Sales			Selling, G&A			R, D & E			Other OPEX						OP			% of Sales
GAAP						$	541.7		$	385.4		$	927.1		$	403.5		$	287.0		$	690.5											$	236.6		25.5		%	$	164.6		$	23.4		$	2.2					$	46.4		5.0		%
Restructuring and other savings initiative expenses						—			—			—			(3.8)			(1.4)			(5.2)												5.2						(25.4)			(0.5)			(0.7)						31.8
Refinancing related costs						—			—			—			—			—			—												—						(2.1)			—			—						2.1
Legal deal matters						—			—			—			—			(0.5)			(0.5)												0.5						(0.7)			—			—						1.2
Other						—			—			—			—			—			—												—						—			—			(1.5)						1.5
Non-GAAP Adjusted results						$	541.7		$	385.4		$	927.1		$	399.7		$	285.1		$	684.8											$	242.3		26.1		%	$	136.4		$	22.9		$	—					$	83.0		9.0		%

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