press release
Media contact:			Investor Contact:
Mike Jacobsen, APR			Maynard Um
+1 330 490-4498			investorrelations@dieboldnixdorf.com
michael.jacobsen@dieboldnixdorf.com

Feb. 12, 2026

•Company establishes new 2026 financial outlook, above previous targets provided at 2025 Investor Day

•Order entry grew 17%, with revenue growth of ~2% YoY

•Free cash flow more than doubled YoY to a company record

•Adjusted EPS more than doubled YoY

•Executing on new $200 million share repurchase program following completion of initial $100 million program in Q4; repurchased approximately $128 million of shares, or ~6% of the company's total shares outstanding in FY 2025

NORTH CANTON, Ohio - Diebold Nixdorf (NYSE: DBD), a world leader in transforming the way people bank and shop, today reported its fourth quarter and full-year 2025 financial results.

•Strong full-year 2025 financial performance, with record Q4 adjusted EBITDA results

•Received credit rating upgrade to B1 from B2 from Moody's Ratings, reflecting the company's strengthened financial profile

Octavio Marquez, Diebold Nixdorf president and chief executive officer, said: “2025 marked a defining year for Diebold Nixdorf as we demonstrated the strength, durability and cash-generating power of our lean operating model. We delivered revenue growth, expanded adjusted EBITDA and more than doubled free cash flow. Today, we are operating from a position of strength. As we enter 2026, our momentum and financial flexibility position us well to invest in growth, return capital and drive sustainable long-term value."

•Banking had a strong finish to the year, including a new two-year, ~$15 million services contract covering ~4,000 units for a major payment services provider in France. Additionally, our Branch Automation Solutions continue to gain momentum globally with a new ~$12 million managed services contract for a financial institution in the U.S.

•Retail grew sequentially for a third consecutive quarter while winning multiple new logos in the U.S. in the grocery and QSR space, continuing to generate strong interest with our Vynamic® Smart Vision solutions

•Announced launch of DN Series® 300 and 350 ATMs to provide an intelligent cash-handling ecosystem delivering 40% greater availability and reduced operational costs with Komerční banka (KB), part of Société Générale Group

•Extended managed services agreement with Autogrill to provide full-scale support for its Italy-based restaurants' multivendor IT ecosystem

•Rolled out comprehensive managed services, self-checkout and point-of-sale technology platforms with ROSSMANN, a leading drugstore chain in Switzerland, extending the 2,350+ stores DN currently supports

Total revenue guidance includes:

•Banking and Retail up low-single digits YoY

•Revenue weighted towards back-half of year with a ∼45% 1H / ∼55% 2H split

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, free cash flow and adjusted earnings per share outlook for 2026, 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, Thursday, Feb. 12, at 8:30 a.m. ET. The call and webcast are available at http://www.dieboldnixdorf.com/earnings. The replay of the webcast can be accessed on the website for up to three months after the call.

Diebold Nixdorf, Incorporated (NYSE: DBD) automates, digitizes and transforms the way people bank and shop. As a leading global technology and services partner to many of the world’s top financial institutions and retailers, our integrated solutions connect digital and physical channels for consumers conveniently, securely and efficiently. The company has a presence in more than 100 countries with approximately 20,000 employees worldwide. Visit www.DieboldNixdorf.com for more information.

LinkedIn: www.linkedin.com/company/diebold

X: https://twitter.com/dieboldnixdorf

Facebook: www.facebook.com/DieboldNixdorf

YouTube: www.youtube.com/dieboldnixdorf

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), net debt, EBITDA, and adjusted EBITDA. 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. 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 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 return capital to stockholders, including through discretionary share repurchases;

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

•the impact of competitive pressures, including pricing and the introduction of new products and services by our competitors, as well as from less traditional competitors;

•    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 general economic conditions, cyclicality and uncertainty

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

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

• risks related to increasingly stringent laws, regulations and contractual obligations relating to privacy, data protection and information security;

•    challenges associated with the use of artificial intelligence in our business and in solutions offered to our customers;

•    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 work stoppages or similar difficulties;

•    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 Foreign Corrupt Practices Act (FCPA) or other worldwide anti-bribery laws;

•    the 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 the Company’s filings with the U.S. Securities and Exchange Commission (the "SEC"), including its Annual Report on Form 10-K.

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).

Gross Margin by Segment - Unaudited for the Three and Twelve Months Ended December 31, 2025 and 2024
									Three months ended
									December 31, 2025																								December 31, 2024
												Non-GAAP																								Non-GAAP
($ in millions)																		Banking						Retail																		Banking						Retail
Services																		$	417.0					$	156.6																	$	398.8					$	144.4
Products																		381.0						149.6																		317.2						128.5
Total net sales																		$	798.0					$	306.2																	$	716.0					$	272.9
Services																		$	103.7					$	46.4																	$	100.4					$	40.9
Products																		119.9						29.7																		70.4						24.8
Total gross profit																		$	223.6					$	76.1																	$	170.8					$	65.7
Services																		24.9		%				29.6		%																25.2		%				28.3		%
Products																		31.5		%				19.9		%																22.2		%				19.3		%
Total gross margin																		28.0		%				24.9		%																23.9		%				24.1		%
																		Twelve months ended
																		December 31, 2025																								December 31, 2024
																		Non-GAAP																								Non-GAAP
($ in millions)																		Banking						Retail																		Banking						Retail
Services																		$	1,608.6					$	560.3																	$	1,587.4					$	563.0
Products																		1,188.4						448.4																		1,175.4						425.3
Total net sales																		$	2,797.0					$	1,008.7																	$	2,762.8					$	988.3
Services																		$	398.5					$	155.7																	$	399.3					$	158.8
Products																		358.2						91.0																		305.2						85.0
Total gross profit																		$	756.7					$	246.7																	$	704.5					$	243.8
Services																		24.8		%				27.8		%																25.2		%				28.2		%
Products																		30.1		%				20.3		%																26.0		%				20.0		%
Total gross margin																		27.1		%				24.5		%																25.5		%				24.7		%

 

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):