▪Q4 sales increased 3% and organic sales increased 4%*

▪Full year sales increased 3% and organic sales increased 6%*

▪Q4 GAAP EPS of $0.42; Q4 Adjusted EPS* of $1.26*

▪Full year GAAP EPS of $2.63; full year Adjusted EPS of $3.76

▪Q4 Orders +6% organically year-over-year

▪Systems and Services backlog of $14.9 billion increased 13% organically year-over-year

* This earnings release contains non-GAAP financial measures. Definitions and reconciliations of the non-GAAP financial measures can be found in the attached footnotes. Non-GAAP measures should be considered in addition to, and not as replacements for, the most comparable GAAP measures.

CORK, Ireland — November 5, 2025 — Johnson Controls International plc (NYSE: JCI), a global leader for smart, healthy and sustainable buildings, today reported fiscal fourth quarter 2025 GAAP earnings per share (“EPS”) of $0.42. Adjusted EPS was $1.26.

Q4 sales increased 3% to $6.4 billion and organic sales increased 4%. Full year sales increased 3% to $23.6 billion and organic sales increased 6%.

For the quarter, GAAP net income from continuing operations attributable to JCI was $267 million and adjusted net income was $798 million.

“Johnson Controls delivered a strong year, with double-digit EPS growth and a record backlog of $15 billion, up 13%, reflecting sustained demand in our core verticals,” said Joakim Weidemanis, CEO. “Our technology leadership in advanced data center cooling and decarbonization solutions continues to set us apart, as customers increasingly demand cutting-edge innovation and bold sustainability outcomes that only true technology leadership can deliver. Looking ahead, the deployment of our proprietary business system is accelerating, enhancing our ability to deliver consistent, predictable results and create long-term value for our customers and shareholders.”

The financial highlights presented in the tables below exclude discontinued operations and are in accordance with GAAP, unless otherwise indicated. All comparisons are to the fiscal fourth quarter of 2024. Orders and backlog metrics included in the release relate to the Company's Systems and Services based businesses.

A slide presentation to accompany the results can be found in the Investor Relations section of Johnson Controls’ website at http://investors.johnsoncontrols.com.

Sales in the quarter of $4.3 billion increased 1% over the prior year. Organic sales also increased 3% led by continued strength in both Applied HVAC & Controls.

Excluding M&A and adjusted for foreign currency, orders increased 9% year-over-year and backlog of $10.6 billion increased 13% year-over-year.

Segment EBITA margin of 19.5% increased 10 basis points versus the prior year as productivity gains and operational efficiency were partially offset by transformation costs. Adjusted segment EBITA in Q4 2025 excludes transformation costs.

EMEA (Europe, Middle East, Africa)

Sales in the quarter of $1.3 billion increased 13% over the prior year. Organic sales grew 9% versus the prior year, with strong double-digit growth in Systems and high single-digit growth in Service.

Excluding M&A and adjusted for foreign currency, orders increased 3% year-over-year and backlog of $2.5 billion increased 14% year-over-year.

Segment EBITA margin of 15.0% expanded 110 basis points versus the prior year reflecting positive operating leverage from top-line growth and the benefit of non-recurring costs in the prior year. Adjusted segment EBITA excludes transformation costs in Q4 2025 and a non-recurring joint venture loss in Q4 2024.

APAC (Asia Pacific)

Sales in the quarter of $780 million declined 3% versus the prior year. Organic sales also declined 3% versus the prior year primarily due to lower volumes in China.

Excluding M&A and adjusted for foreign currency, orders decreased 1% year-over-year and backlog of $1.8 billion increased 15% year-over-year.

Segment EBITA margin of 17.8% declined 190 basis points versus the prior year as lower volumes in China created pressure on factory absorption.

Adjusted Corporate expense in Q4 2025 excludes certain transaction/separation costs, transformation costs, and accelerated depreciation of ERP assets.

▪Total cash provided by operating activities was $968 million. Free cash flow was $838 million and adjusted free cash flow was $710 million.

▪The Company paid dividends of $243 million.

▪The Company entered into accelerated share repurchase transactions to repurchase an aggregate of $5.0 billion of ordinary shares. In August, the Company received an initial delivery of 43.1 million shares of common stock. The accelerated repurchase transactions are expected to terminate in the second quarter of fiscal 2026.

▪The Company completed the sale of its Residential and Light Commercial HVAC business (the “R&LC Business”), which included the North America Ducted businesses and the global Residential joint venture with Hitachi Global Life Solutions, Inc. (“Hitachi”), of which Johnson Controls owned 60% and Hitachi owned 40%, to Bosch Group for $8.3 billion in cash with the Company’s portion of the aggregate consideration being approximately $6.9 billion.

The following forward-looking statements are non-GAAP financial measures. These non-GAAP financial measures are derived by excluding certain amounts from the corresponding financial measures determined in accordance with GAAP. The determination of the amounts excluded is a matter of management judgment and depends upon, among other factors, the nature of the underlying expense or income amounts recognized in a given period and the high variability of certain amounts, such as mark-to-market adjustments. Organic revenue growth excludes the effect of acquisitions, divestitures and foreign currency. The Company is unable to present a quantitative reconciliation of the aforementioned forward-looking non-GAAP financial measures to its most directly comparable forward-looking GAAP financial measures because such information is not available, and management cannot reliably predict the necessary components of such GAAP measures without unreasonable effort or expense. The unavailable information could have a significant impact on the Company’s fiscal 2026 first quarter and full year GAAP financial results.

The Company initiated fiscal 2026 first quarter continuing operations guidance:

▪Organic sales growth of ~3%

▪Operating leverage of ~55%*

▪Adjusted EPS of ~$0.83

The Company initiated fiscal 2026 full year continuing operations guidance:

▪Organic sales growth of mid-single digits

▪Operating leverage of ~50%*

▪Adjusted EPS of ~$4.55

▪Adjusted free cash flow conversion of ~100%

*Operating leverage is defined as the ratio of the change in adjusted EBIT for the current period less the prior period, divided by the change in net revenues for the current period less the prior period.

Johnson Controls will host a conference call to discuss this quarter’s results at 8:30 a.m. ET today, which can be accessed by dialing 855-979-6654 (in the United States) or +1-646-233-4753 (outside the United States) along with passcode 486945, or via webcast. A slide presentation will accompany the prepared remarks and has been posted on the investor relations section of the Johnson Controls website at https://investors.johnsoncontrols.com/news-and-events/events-and-presentations. A replay will be made available approximately two hours following the conclusion of the conference call.

At Johnson Controls (NYSE:JCI), we transform the environments where people live, work, learn and play. As the global leader in smart, healthy and sustainable buildings, our mission is to reimagine the performance of buildings to serve people, places and the planet.

Building on a proud history of 140 years of innovation, we deliver the blueprint of the future for industries such as healthcare, schools, data centers, airports, stadiums, manufacturing and beyond through OpenBlue, our comprehensive digital offering.

Today, Johnson Controls offers the world`s largest portfolio of building technology and software as well as service solutions from some of the most trusted names in the industry.

Visit www.johnsoncontrols.com for more information and follow @Johnson Controls on social platforms.

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JOHNSON CONTROLS INTERNATIONAL PLC (the "Company") has made statements in this document that are forward-looking and therefore are subject to risks and uncertainties. All statements in this document other than statements of historical fact are, or could be, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In this document, statements regarding the Company’s future financial position, sales, costs, earnings, cash flows, other measures of results of operations, synergies and integration opportunities, capital expenditures, debt levels and market outlook are forward-looking statements. Words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "should," "forecast," "project" or "plan" and terms of similar meaning are also generally intended to identify forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. The Company cautions that these statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond the Company’s control, that could cause the Company’s actual results to differ materially from those expressed or implied by such forward-looking statements, including, among others, risks related to: the ability to develop or acquire new products and technologies that achieve market acceptance and meet applicable quality and regulatory requirements; the ability to manage general economic, business and capital market conditions, including the impacts of trade restrictions, recessions, economic downturns and global price inflation; the ability to manage macroeconomic and geopolitical volatility, including changes to laws or policies governing foreign trade, including tariffs, economic sanctions, foreign exchange and capital controls, import/export controls or other trade restrictions as well as any associated supply chain disruptions; the ability to execute on the Company’s operating model and drive organizational improvement; the ability to innovate and adapt to emerging technologies, ideas and trends in the marketplace, including the incorporation of technologies such as artificial intelligence; fluctuations in the cost and availability of public and private financing for customers; the ability to manage disruptions caused by international conflicts, including Russia and Ukraine and the ongoing conflicts in the Middle East; the ability to successfully execute and complete portfolio simplification actions, as well as the possibility that the expected benefits of such actions will not be realized or will not be realized within the expected time frame; managing the risks and impacts of potential and actual security breaches, cyberattacks, privacy breaches or data breaches, maintaining and improving the capacity, reliability and security of the Company’s enterprise information technology infrastructure; the ability to manage the lifecycle cybersecurity risk in the development, deployment and operation of the Company’s digital platforms and services; fluctuations in currency exchange rates; the ability to hire and retain senior management and other key personnel; changes or uncertainty in laws, regulations, rates, policies, or interpretations that impact business operations or tax status; the ability to adapt to global climate change, climate change regulation and successfully meet the Company’s public sustainability commitments; the outcome of litigation and governmental proceedings; the risk of infringement or expiration of intellectual property rights; the ability to manage disruptions caused by catastrophic or geopolitical events, such as natural disasters, armed conflict, political change, climate change, pandemics and outbreaks of contagious diseases and other adverse public health developments; any delay or inability of the Company to realize the expected benefits and synergies of recent portfolio transactions; the tax treatment of recent portfolio transactions; significant transaction costs and/or unknown liabilities associated with such transactions; labor shortages, work stoppages, union negotiations, labor disputes and other matters associated with the labor force; and the cancellation of or changes to commercial arrangements. A detailed discussion of risks related to Johnson Controls’ business is included in the section entitled "Risk Factors" (refer to Part I, Item 1A, of this Annual Report on Form 10-K). The forward-looking statements included in this document are made only as of the date of this document, unless otherwise specified, and, except as required by law, Johnson Controls assumes no obligation, and disclaims any obligation, to update such statements to reflect events or circumstances occurring after the date of this document.

###

(in millions, except per share data; unaudited)

(in millions; unaudited)

(in millions; unaudited)

			Three Months Ended September 30,												Twelve Months Ended September 30,
			2025						2024						2025						2024
Operating Activities of Continuing Operations
Income from continuing operations attributable to Johnson Controls			$	267					$	536					$	1,721					$	1,407
Income from continuing operations attributable to noncontrolling interests			3						2						3						4
Net income			270						538						1,724						1,411
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization			280						192						865						816
Pension and postretirement benefit expense (income)			19						(10)						(10)						(43)
Pension and postretirement contributions			(8)						10						(31)						(6)
Equity in earnings of partially-owned affiliates, net of dividends received			1						23						(2)						44
Deferred income taxes			341						—						195						(403)
Non-cash restructuring and impairment charges			371						78						427						411
Equity-based compensation expense			33						26						140						107
Other - net			(37)						15						(26)						(112)
Changes in assets and liabilities, excluding acquisitions and divestitures:
Accounts receivable			(132)						(46)						(211)						(537)
Inventories			4						168						(75)						(17)
Other assets			(292)						78						(581)						(482)
Restructuring reserves			(1)						5						1						(76)
Accounts payable and accrued liabilities			663						466						694						645
Accrued income taxes			(544)						(191)						(556)						(190)
Cash provided by operating activities from continuing operations			968						1,352						2,554						1,568
Investing Activities of Continuing Operations
Capital expenditures			(130)						(195)						(434)						(494)
Sale of property, plant and equipment			30						1						37						1
Acquisition of businesses, net of cash acquired			(1)						(4)						(10)						(3)
Business divestitures, net of cash divested			3						326						5						345
Other - net			(12)						(26)						(10)						(33)
Cash provided (used) by investing activities from continuing operations			(110)						102						(412)						(184)
Financing Activities of Continuing Operations
Net proceeds (payments) from borrowings with maturities less than three months			(245)						(655)						38						48
Proceeds from debt			396						—						1,765						1,281
Repayments of debt			(552)						(486)						(1,648)						(924)
Stock repurchases and retirements			(5,021)						(370)						(5,991)						(1,246)
Payment of cash dividends			(243)						(247)						(976)						(1,000)
Other - net			(8)						—						28						(107)
Cash used by financing activities from continuing operations			(5,673)						(1,758)						(6,784)						(1,948)
Discontinued Operations
Cash provided (used) by operating activities			(1,410)						174						(1,155)						530
Cash provided (used) by investing activities			6,598						(13)						6,546						(37)
Cash used by financing activities			(430)						—						(604)						(132)
Cash provided by discontinued operations			4,758						161						4,787						361
Effect of exchange rate changes on cash, cash equivalents and restricted cash			(43)						30						(259)						59
Change in cash, cash equivalents and restricted cash held for sale			(258)						(8)						(255)						(6)
Decrease in cash, cash equivalents and restricted cash			(358)						(121)						(369)						(150)
Cash, cash equivalents and restricted cash at beginning of period			756						888						767						917
Cash, cash equivalents and restricted cash at end of period			398						767						398						767
Less: Restricted cash			19						161						19						161
Cash and cash equivalents at end of period			$	379					$	606					$	379					$	606

1.Sale of Residential and Light Commercial HVAC Business

In July 2025, the Company sold its Residential and Light Commercial ("R&LC") HVAC business, including the North America Ducted business and the global Residential joint venture with Hitachi Global Life Solutions, Inc. ("Hitachi"), of which Johnson Controls owned 60% and Hitachi owned 40%. The R&LC HVAC business, which was previously reported in the Global Products segment prior to the Company's resegmentation, met the criteria to be classified as a discontinued operation and, as a result, its historical financial results are reflected in the consolidated financial statements as a discontinued operation.

2.Non-GAAP Measures

The Company reports various non-GAAP measures in this earnings release and the related earnings presentation. Non-GAAP measures should be considered in addition to, and not as replacements for, the most comparable GAAP measures. Refer to the following footnotes for further information on the calculations of the non-GAAP measures and reconciliations of the non-GAAP measures to the most comparable GAAP measures.

Organic sales growth excludes the impact of acquisitions, divestitures and foreign currency. Management believes organic sales growth is useful to investors in understanding period-over-period sales results and trends.

Management believes free cash flow and adjusted free cash flow measures are useful to investors in understanding the strength of the Company and its ability to generate cash. These non-GAAP measures can also be used to evaluate the Company’s ability to generate cash flow from operations and the impact that this cash flow has on its liquidity. Management also believes adjusted free cash flows are useful to investors in understanding period-over-period cash flows, cash trends and ongoing cash flows of the Company.

Adjusted free cash flow and adjusted free cash flow conversion are non-GAAP measures which exclude the impacts of the following:

•JC Capital cash flows primarily include activity associated with finance/notes receivables and inventory and/or capital expenditures related to lease arrangements. JC Capital net income is primarily related to interest income on the finance/notes receivable and profit recognized on arrangements with sales-type lease components.

•The impact of the accounts receivables factoring program which was discontinued in March 2024.

•Cash payments related to the water systems AFFF settlement and cash receipts for AFFF-related insurance recoveries.

•Prepayment of royalty fees associated with certain IP licensed to Bosch in conjunction with the sale of our R&LC business.

•Discrete tax payments are non-recurring tax settlements for certain non-US jurisdictions

Adjusted financial measures are non-GAAP measures that are derived by excluding certain amounts from the corresponding financial measures determined in accordance with GAAP. The determination of the excluded amounts is a matter of management judgment and depends upon the nature and variability of the underlying expense or income amounts and other factors.

As detailed in the tables included in footnotes four through seven, the following items were excluded from certain financial measures:

•Net mark-to-market adjustments are the result of adjusting restricted asbestos investments and pension and postretirement plan assets to their current market value. These adjustments may have a favorable or unfavorable impact on results.

•Restructuring and impairment costs, net of NCI represents restructuring costs attributable to Johnson Controls including costs associated with exit plans or other restructuring plans that will have a more significant impact on the underlying cost structure of the organization. Impairment costs primarily relate to write-downs of goodwill, intangible assets and assets held for sale to their fair value.

•Water systems AFFF settlement and insurance recoveries include amounts related to a settlement with a nationwide class of public water systems concerning the use of AFFF manufactured and sold by a subsidiary of the Company, and AFFF-related insurance recoveries.

•Transaction/separation costs include costs associated with significant mergers and acquisitions.

•Transformation costs represent incremental expenses incurred in association with strategic growth initiatives and cost saving opportunities in order to realize the benefits of portfolio simplification and the Company's lifecycle solutions strategy.

•ERP asset - accelerated depreciation represents a change in ERP strategy within the EMEA segment, which led to certain assets being abandoned and the useful lives reduced.

•Earn-out adjustments relate to earn-out liabilities associated with certain significant acquisitions and may have a favorable or unfavorable impact on results.

•Cyber incident costs primarily represent expenses, net of insurance recoveries, associated with the response to, and remediation of, a cybersecurity incident which occurred in September 2023.

•Product quality costs are costs related to a product quality issue that is unusual due to the magnitude of the expected cost to remediate in comparison to typical product quality issues experienced by the Company.

•Loss on divestiture relates to the sale of the ADTi business.

•EMEA joint venture loss relates to certain non-recurring losses associated with the equity method accounting of a joint venture company.

•Discrete tax items, net includes the net impact of discrete tax items within the period, including the following types of items: changes in estimates associated with valuation allowances, changes in estimates associated with reserves for uncertain tax positions, withholding taxes recorded upon changes in indefinite re-investment assertions for businesses to be disposed of, impacts from statutory rate changes, and the recording of significant tax credits.

•Related tax impact includes the tax impact of the various excluded items.

Management believes the exclusion of these items is useful to investors due to the unusual nature and/or magnitude of the amounts. When considered together with unadjusted amounts, adjusted financial measures are useful to investors in understanding period-over-period operating results, business trends and ongoing operations of the Company. Management may also use these metrics as guides in forecasting, budgeting and long-term planning processes and for compensation purposes.

Operating leverage is defined as the ratio of the change in adjusted EBIT for the current period less the prior period, divided by the change in net revenues for the current period less the prior period. Management believes operating leverage is a useful metric to reflect enterprise value creation, capturing the impact of scale and cost discipline across the organization.

Management believes that net debt to adjusted EBITDA, a non-GAAP measure, is useful to understanding the Company's financial condition as the ratio provides an overview of the extent to which the Company relies on external debt financing for its funding and also is a measure of risk to its shareholders.

The following tables detail the changes in sales from continuing operations attributable to organic growth, foreign currency, acquisitions, divestitures and other (unaudited):

The following table includes operating cash flow conversion, free cash flow and free cash flow conversion (unaudited):

The following table includes adjusted free cash flow and adjusted free cash flow conversion (unaudited):

The Company evaluates the performance of its business units on segment EBITA (primary) and segment EBIT (secondary).

(1) Adjusted income tax provision excludes the net tax impacts of pre-tax adjusting items and discrete tax items.

The following tables include the reconciliations of segment EBITA as reported to adjusted segment EBITA and adjusted segment EBITA margin (unaudited):

The following table reconciles Corporate expense from continuing operations as reported to the comparable adjusted amounts (unaudited):

The following tables reconcile net income from continuing operations attributable to JCI and diluted earnings per share from continuing operations as reported to the comparable adjusted amounts (unaudited):

The following table reconciles the denominators used to calculate basic and diluted earnings per share (in millions; unaudited):