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© 2026 Trimble, Inc - All Rights Reserved Trimble Inc. Fourth Quarter and Full Year 2025 Earnings Summary
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2 Forward-Looking Statements Certain statements made in this presentation and any subsequent Q&A period are forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These statements include expectations about our future financial and operational results and expectations regarding the execution, impact and potential of the Connect and Scale strategy. These forward-looking statements are subject to change, and actual results may materially differ due to certain risks and uncertainties. The Company's results may be adversely affected if the Company is unable to market, manufacture and ship new products, obtain new customers, effectively integrate new acquisitions or consummate divestitures in a timely manner, or get the benefits we are expecting from our joint ventures and partnerships, including with AGCO and Platform Science. The Company's results could also be negatively impacted due to weakness and deterioration in the U.S. and global macroeconomic outlook, including heightened trade tensions and related imposition of tariffs and export control restrictions between the U.S. and its trading partners; supply chain shortages and disruptions; slowing growth, inflationary pressures and fluctuations in interest rates, which may affect demand for our products and services, increase our costs and adversely affect our revenues and profitability; the pace at which our dealers work through their inventory; changes in our distribution channels; adverse geopolitical tensions and volatility and conflict in the political and economic environment and the direct and indirect impact on our business; fluctuations in foreign currency exchange rates; the pace we transition our business model towards a subscription model; the impact and risks of AI and AI-related developments; the impact of acquisitions or divestitures; and our ability to maintain effective internal controls over financial reporting, including our ability to remediate our material weaknesses in our internal controls over financial reporting. Any failure to achieve predicted results could negatively impact the Company's revenue, cash flow from operations, and other financial results. The Company's financial results will also depend on a number of other factors and risks detailed from time to time in reports filed with the SEC, including our quarterly reports on Form 10-Q and our annual report on Form 10-K. Undue reliance should not be placed on any forward-looking statement contained herein. These statements reflect the Company’s position as of the date of this presentation. The Company expressly disclaims any undertaking to release publicly any updates or revisions to any statements to reflect any change in the Company’s expectations or any change of events, conditions, or circumstances on which any such statement is based. To help our investors understand our past financial performance and our future results, as well as our performance relative to competitors, we supplement the financial results that we provide in accordance with generally accepted accounting principles, or GAAP, with non-GAAP financial measures. The following pages contain non-GAAP measures including non-GAAP revenue, Adjusted EBITDA, free cash flow, non-GAAP operating income, non-GAAP gross margin, non-GAAP tax rate, non-GAAP net income, and non-GAAP diluted earnings per share. The specific non-GAAP measures, which we use along with a corresponding reconciliation to the nearest comparable GAAP measures, can be found on our website at http://investor.trimble.com.
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3 Today’s Agenda 01 Rob Painter President and Chief Executive Officer Q4’25 and FY’25 Highlights Phil Sawarynski Chief Financial Officer 02 Q4’25 and FY’25 Financial Results 03 Segment Financial Results 04 FY’26 + Q1’26 Financial Outlook
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4 Financial Highlights 1. See http://investor.trimble.com for a reconciliation to the appropriate GAAP measure. 2. As-adjusted figures exclude the financial results from the agriculture business (divested in Q2’24), mobility business (divested in Q1’25), and the 53rd week of fiscal 2024. Trimble had 53 weeks in fiscal 2024, compared to 52 weeks in most fiscal years. The as-adjusted numbers provide comparative information for fiscal 2025 organic growth. 3. Organic growth rates exclude the impact of foreign currency translation, M&A and divestitures. 4. Historical as-adjusted results removed January 1 term license renewal revenue from Q4'24. To facilitate a comparison to Q4'25, the organic growth ex Jan 1 also removes January 1 term license renewal revenue from Q4'25. There is no impact on the full year organic growth, because as-adjusted FY’24 results included January 1 term license renewals in Q1’24. ARR As-Adjusted(2) $2,392M +14% organic(3) Non-GAAP EPS(1) $1.00 Above high-end of guidance Fourth Quarter of 2025 ARR $2,392M +14% organic Within guidance ARR As-Adjusted(2) $2,392M +14% organic(3) Non-GAAP EPS(1) $3.13 Above high-end of guidance Fiscal Year of 2025 Revenue $970M Above high-end of guidance +4% organic (3) Revenue $3,587(1) Above high-end of guidance +6% organic(3) Revenue As-Adjusted(2) $970M +16% organic(3) (+9% ex Jan 1)(4) Revenue As-Adjusted(2) $3,565 +10% organic(3) ARR $2,392M +14% organic Within guidance Adjusted EBITDA As-Adjusted(2) $325M 33.5% margin Adjusted EBITDA As-Adjusted(2) $1,046M 29.3% margin As-Reported As-Adjusted(2) As-Reported As-Adjusted(2)
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5 Connect&Scale Best point solutions in the market, increasingly offered as a subscription Underlying systems and processes enable scale, efficiency and insights Go-to-market motions unlock direct and indirect access to customers for our salesforce From point solutions to connected workflows solving higher order problems CONNECT & SCALE IS AN APPLICATION AND PLATFORM STRATEGY From workflows to integrated ecosystems enabled by Trimble common and connected data environments that facilitate multi-sided marketplaces Connect & Scale is an Application and Platform Strategy Compelling bundles make it easy to do business with Trimble while expanding the addressable market Application Platform
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6 Trimble Model Transformation KEY STATISTICS 2020 2025 ARR $1.3B $2.4B Revenue $3.2B $3.6B Recurring revenue % of total 40% 65% SW/services/recurring % of revenue 58% 79% Non-GAAP gross margin % 59% 72% Non-GAAP operating margin % 23% 28% Adjusted EBITDA % of revenue 25% 29% Net working capital % of revenue <0% Negative OUR STRATEGY IS COMPOUNDING FINANCIAL RETURNS 13 Acquisitions ≈+14% Organic ARR CAGR 23 Divestitures ≈+400 bps Adjusted EBITDA % Since 2020:
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7 AECO AT A GLANCE AECO is a scaled $1.2B+ ARR business, operating above Rule of 40 ≈4% Professional Services ≈1% Perpetual Software ≈95% Recurring 3% Rest of the World9% Asia Pacific 26% Europe 62% North America ≈15% Architecture 2025 REVENUE BY BUSINESS TYPE 2025 REVENUE BY GEOGRAPHY 2025 REVENUE BY TYPE SEGMENT FINANCIALS (2025)(1,2) ● Revenue: $1.5B (+16% as-adjusted organic growth) ● ARR: $1.475B (+16% as-adjusted organic growth) ● GM%: 84% ● Operating Margin: 34% GROWTH DRIVERS ● Cross-Sell / upsell ● Data, platform & integrated workflows ● New Logo and whitespace expansion ● Growing partner & developer ecosystem ● Programmatic & Strategic M&A GROWTH PROFILE (2025) ● Organic ARR growth % greater than mid-teens for 26 consecutive quarters ● Mid-teens ACV bookings growth % ≈25% Engineering ≈45% Construction ≈15% Owners AECO at a Glance 1. As-adjusted figures exclude the financial results from the agriculture business (divested in Q2’24), mobility business (divested in Q1’25), and the 53rd week of fiscal 2024. Trimble had 53 weeks in fiscal 2024, compared to 52 weeks in most fiscal years. The as-adjusted numbers provide comparative information for fiscal 2025 organic growth. 2. Organic growth rates exclude the impact of foreign currency translation, M&A and divestitures.
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8 AECO AT A GLANCE AECO is a scaled $1.2B+ ARR business, operating above Rule of 40 AECO Selected Highlights 2025 Represented a year of progression 1.1M Sketchup paid customers 18% Growth in customers with more than 3 Products ≈110% Net Retention (LTM, Core Commercial Customers)(1) $206M net new ARR $4:$1 net new ARR to increase in S&M expense 4.7M projects in Trimble Connect (up 18% Y:Y) 26 consecutive quarters of mid teens or higher ARR growth ≈20% of customers use >1 product >70% of ACV bookings with existing customers 1. Core commercial customers excludes the SketchUp business.
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9 SEGMENT FINANCIALS (2025)(1,2) ● Revenue: $1.54B (+5% as-adjusted organic growth) ● ARR: $409M (+20% as-adjusted organic growth) ● GM%: 59% ● Operating Margin: 31% 2025 REVENUE BY BUSINESS TYPE 2025 REVENUE BY GEOGRAPHY 2025 REVENUE BY TYPE ≈25% Advanced Positioning / Other ≈30% Geospatial ≈45% Civil Construction 6% Rest of the World13% Asia-Pacific 26% Europe 55% North America 1% Professional Services26% Recurring 25% Perpetual Software 48% Hardware Field Systems at a Glance Field Systems is a highly differentiated, high margin business leveraging Trimble’s unique capabilities 2025 KPIs 20% ARR Growth Accelerating growth in new points of distribution >20% growth in Trimble Catalyst subscription users ≈50% New logos won with machine control as a service offering 1. As-adjusted figures exclude the financial results from the agriculture business (divested in Q2’24), mobility business (divested in Q1’25), and the 53rd week of fiscal 2024. Trimble had 53 weeks in fiscal 2024, compared to 52 weeks in most fiscal years. The as-adjusted numbers provide comparative information for fiscal 2025 organic growth. 2. Organic growth rates exclude the impact of foreign currency translation, M&A and divestitures.
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10 2025 REVENUE BY BUSINESS(1) 2025 REVENUE BY GEOGRAPHY 2025 REVENUE BY TYPE SEGMENT FINANCIALS (2025)(1,2) ● Revenue: $527M (+5% as-adjusted organic growth) ● ARR: $508M (+7% as-adjusted organic growth) ● GM%: 75% ● Operating Margin: 23% 69% Recurring: Non- Transactional 6% Professional Services ≈40% Transporeon ≈25% Maps ≈25% Enterprise ≈10% Forestry/Other 54% North America 43% Europe 1% Rest of World 2% Asia-Pacific 23% Recurring: Transactional 2% Perpetual Software / Other Transportation & Logistics at a Glance T&L is a recurring revenue, geographically diverse business with significant cross-sell and expansion opportunity 2025 KPIs Transporeon Carriers and LSPs connected +10K Transporeon >€1M ARR customers +11% Enterprise/Maps >$100k ARR customers +17% Enterprise/Maps >$1M ARR customers +>50% 1. As-adjusted figures exclude the financial results from the agriculture business (divested in Q2’24), mobility business (divested in Q1’25), and the 53rd week of fiscal 2024. Trimble had 53 weeks in fiscal 2024, compared to 52 weeks in most fiscal years. The as-adjusted numbers provide comparative information for fiscal 2025 organic growth. 2. Organic growth rates exclude the impact of foreign currency translation, M&A and divestitures.
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11 Highlights / Drivers 1. As-adjusted figures exclude the financial results from the agriculture business (divested in Q2’24), mobility business (divested in Q1’25), and the 53rd week of fiscal 2024. 2. Organic growth rates exclude the impact of foreign currency translation, M&A and divestitures. See Appendix for a reconciliation to the appropriate GAAP measure. 3. Historical as-adjusted results removed January 1 term license renewal revenue from Q4'24. To facilitate a comparable comparison to Q4'25, the organic growth ex Jan 1 also removes January 1 term license renewal revenue from Q4'25. There is no impact on the full year organic growth, because as-adjusted FY24 results included January 1 term license renewals in Q124. FOURTH QUARTER AND FISCAL YEAR, AS-ADJUSTED(1,2) ($M) Q4’25 YoY FY’25 YoY Revenue $970 +16% organic (+9% ex Jan 1)(3) $3,565 +10% organic ARR $2,392 +14% organic $2,392 +14% organic Non-GAAP Gross Margin 74.6% +290 bps 71.7% +150 bps Non-GAAP Operating Income Margin 32.3% +620 bps 27.7% +180 bps Adjusted EBITDA Margin 33.5% +570 bps 29.3% +150 bps ● Q4’25 organic revenue and ARR growth were ahead of expectations, driven by strong software and recurring revenue growth ● Non-GAAP gross margin and operating margin expansion driven by improved revenue mix and operating leverage ● Q4’25 included ≈$60M of January 1 term license renewals, benefitting Y:Y operating and EBITDA margins by ≈+400 bp Q4'25 and FY’25 Summary
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12 2025 operating and free cash flow were impacted by a $277M cash tax payment for a gain on sale related to the Agriculture divestiture as well as approximately $30M divestiture related costs Balance Sheet ($M) Q4’25 Actual Cash and Equivalents $253 Total Debt $1,392 Net Debt $1,139 TTM As-Adjusted EBITDA(1) $1,046 Net Debt / TTM As-Adjusted EBITDA(1) 1.1x NWC % of Revenue <0% Full Year Cash Flow ($M) 2025 2024 Operating Cash Flow $386 $531 Capital Expenditures $25 $34 Free Cash Flow(2) $361 $498 1. As-adjusted figures exclude the financial results from the agriculture business (divested in Q2’24), mobility business (divested in Q1’25), and the 53rd week of fiscal 2024. 2. Free cash flow refers to cash flow from operating activities minus capital expenditures. Balance Sheet and Cash Flow
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13 ● Revenue, ARR, and operating margin ahead of expectations ● +16% organic ARR growth; strong bookings growth continues in Trimble Construction One and cross-sell offerings ● Full year margin expansion a result of revenue growth, gross margin expansion related to increased scale, and leverage on operating expenses ● Q425 included ≈$60M of January 1 term license renewals, benefitting Y:Y operating margins by ≈+800 bp AECO Highlights / Drivers(Architects, Engineers, Construction, Owners) FOURTH QUARTER AND FISCAL YEAR, AS-ADJUSTED(1,2) ($M) Q4’25 YoY FY’25 YoY Revenue $454 +32% organic (+15% ex Jan 1)(3) $1,499 +16% organic ARR $1,475 +16% organic $1,475 +16% organic Operating Income Margin 44.1% +1,290 bps 34.2% +300 bps Scaled $1.5B ARR business, operated at “Rule of 50”(4) in FY’25 “I want one point of truth, I want to have one business management platform from estimating, to time and material billing, to collecting data from the guys in the field, project management.” – MEP Contractor 1. As-adjusted figures exclude the financial results from the agriculture business (divested in Q2’24), mobility business (divested in Q1’25), and the 53rd week of fiscal 2024. 2. Organic growth rates exclude the impact of foreign currency translation, M&A and divestitures. See Appendix for a reconciliation to the appropriate GAAP measure. 3. Historical as-adjusted results removed January 1 term license renewal revenue from Q4'24. To facilitate a comparable comparison to Q4'25, the organic growth ex Jan 1 also removes January 1 term license renewal revenue from Q4'25. There is no impact on the full year organic growth, because as-adjusted FY24 results included January 1 term license renewals in Q124. 4. “Rule of” = organic ARR growth + operating income margin %.
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14 ● Revenue continued to outperform, driven by strong growth in Civil Construction and growth in Geospatial, driven by demand in road construction, solar, manufacturing, and data center projects ● ARR growth driven by strength in subscription offerings (WorksPlus machine control offering, Positioning Services and Trimble Business Center) and extended warranties ● Margin expansion for the year driven by increased recurring revenue mix 1. As-adjusted figures exclude the financial results from the agriculture business (divested in Q2’24), and the 53rd week of fiscal 2024. Trimble had 53 weeks in fiscal 2024, compared to 52 weeks in most fiscal years. The as-adjusted numbers provide comparative information for fiscal 2025 organic growth. 2. Organic growth rates exclude the impact of foreign currency translation, M&A and divestitures. See Appendix for a reconciliation to the appropriate GAAP measure. Field Systems Highlights / Drivers FOURTH QUARTER AND FISCAL YEAR, AS-ADJUSTED(1,2) ($M) Q4’25 YoY FY’25 YoY Revenue $379 +4% organic $1,539 +5% organic ARR $409 +20% organic $409 +20% organic Operating Income Margin 30.0% -110 bps 31.1% +100 bps Software/services/ recurring revenue greater than 50% of segment revenue “We’re moving dirt, almost four times as much as we did 15 years ago, and we're more profitable because of technology, despite increased labor, fuel and material costs. I don’t know how we would have done this without technology—and now there’s peace of mind knowing that our team has the most current systems with Trimble’s WorksPlus subscriptions.” – North American Contractor
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15 ● As-adjusted results exclude Mobility which was divested on February 8, 2025 ● 7% organic ARR growth; Maps, Transporeon and Forestry were primary drivers of growth ● Strong bookings for Autonomous Procurement and Autonomous Quotation (AI driven products) ● Operating margins for the year impacted by stranded costs related to Mobility divestiture 1. As-adjusted figures exclude the financial results from the mobility business (divested in Q1’25), and the 53rd week of fiscal 2024. Trimble had 53 weeks in fiscal 2024, compared to 52 weeks in most fiscal years. The as-adjusted numbers provide comparative information for fiscal 2025 organic growth. 2. Organic growth rates exclude the impact of foreign currency translation, M&A and divestitures. See Appendix for a reconciliation to the appropriate GAAP measure. Transportation & Logistics Highlights / Drivers >90% Recurring revenue “We've seen amazing improvements in speed and reliability and just an overall better driver experience. We've just begun fully rolling out the technology to our operations and the improvements so far have been dramatic. We're excited to continue to move forward and expand our relationship with Trimble. – T&L Customer FOURTH QUARTER AND FISCAL YEAR, AS-ADJUSTED(1,2) ($M) Q4’25 YoY FY’25 YoY Revenue $136 +4% organic $527 +5% organic ARR $508 +7% organic $508 +7% organic Operating Income Margin 22.9% -130 bps 22.9% -120 bps
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16 FY’26 Organic ARR Growth +12% to +14% Revenue $3.81 to $3.91B Total Growth +6% to +9% Organic Growth +6% to +9% Non-GAAP Operating Margin 27.8% to 28.6% Adj. EBITDA Margin 29.4% to 30.2% Non-GAAP EPS $3.42 to $3.62 Free cash flow ≈1X Non-GAAP Net Income ● Strong organic growth expected to continue in FY26 with continued progression towards $3B ARR, $4B revenue, 30% EBITDA margins by 2027 ● Operating margins driven by continued gross margin expansion ● Free cash flow expected to be up significantly Y:Y ● Net interest expense ≈$70M, avg. shares of 239M, tax rate of 17.5% FY'26 Outlook Notes See earnings supplement for detailed assumptions for guidance. Full Year 2026 Outlook
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17 FY'26 Segment Details and Outlook(1) AECO FIELD SYSTEMS T&L Revenue ≈$1.7B (FY’25=$1.5B) ≈$1.59B (FY’25=$1.54B) ≈$565M (FY’25=$527M)(1) Organic revenue growth Y/Y % +Low/mid-teens % +LSD/MSD % +MSD % Organic ARR growth Y/Y % +Mid-teens % +Low/mid-teens % +HSD % Operating income margin % ≈35% ≈31% ≈24% Note: Figures shown represent the midpoint of the guidance ranges. (1) As-adjusted figures exclude the financial results from the mobility business (divested in Q1’25) Full Year 2026 Segment Details
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18 ● Net interest expense ≈$19M ● Avg. share count of 239M ● Tax rate of 17.5% Q1’26 Organic ARR Growth +12% to +14% (as-adjusted)(1) Revenue $893M to $918M Total Growth 6% to 9% Organic Growth 7% to 10% (as-adjusted)(1) Non-GAAP Operating Margin 24.5% to 25.3% Adj. EBITDA Margin 26.2% to 27.0% Non-GAAP EPS $0.69 to $0.74 Q1'26 Outlook Q1’26 Outlook Notes 1. As-adjusted figures exclude the financial results from the mobility business (divested in Q1’25).
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© 2026 Trimble, Inc - All Rights Reserved Appendix & Reconciliations
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20 Historical segment financials (as-reported) Revenue ($MMs) Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 AECO $288 $264 $270 $289 $1,111 $339 $300 $306 $414 $1,359 $335 $350 $358 $454 $1,499 Field Systems 480 541 495 452 1,968 419 379 375 363 1,536 359 393 409 379 1,539 Transportation & Logistics 147 189 192 192 720 195 192 195 207 789 146 133 134 136 549 TOTAL $915 $994 $957 $932 $3,799 $953 $871 $876 $983 $3,683 $841 $876 $901 $970 $3,587 Operating Income ($MMs) Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 AECO $95 $62 $78 $93 $329 $127 $79 $89 $169 $464 $92 $106 $114 $200 $512 Field Systems 137 176 165 125 603 98 110 124 110 442 107 121 137 114 478 Transportation & Logistics 20 27 34 38 118 36 36 41 42 155 26 29 35 31 121 Unallocated Corporate (27) (34) (25) (30) (116) (27) (30) (29) (37) (123) (26) (33) (31) (32) (123) TOTAL $226 $231 $251 $227 $935 $234 $194 $225 $284 $937 $198 $223 $254 $313 $988 Operating Income Margin % Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 AECO 33.1% 23.6% 28.9% 32.4% 29.6% 37.4% 26.4% 29.1% 40.8% 34.1% 27.3% 30.4% 31.8% 44.1% 34.2% Field Systems 28.6% 32.5% 33.3% 27.7% 30.7% 23.4% 28.9% 33.0% 30.4% 28.8% 29.7% 30.8% 33.4% 30.0% 31.1% Transportation & Logistics 13.8% 14.1% 17.5% 19.6% 16.4% 18.6% 18.7% 21.0% 20.3% 19.7% 17.9% 21.6% 25.8% 22.9% 21.9% TOTAL 24.7% 23.2% 26.2% 24.3% 24.6% 24.6% 22.3% 25.7% 28.8% 25.4% 23.6% 25.4% 28.2% 32.3% 27.5% Note: Figures may vary due to rounding.
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21 AECO Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Organic 17% 15% 15% 14% 15% 18% 14% 13% 43% 22% 0% 16% 17% 8% 10% Acquisitions 5% 6% 4% 1% 4% 0% 0% 1% 0% 0% 0% 0% 0% 0% 0% Divestitures 0% -1% -1% -1% -1% -1% -1% -1% -1% -1% 0% 0% 0% 0% 0% Foreign Currency -3% -1% 1% 1% 0% +1% 0% 1% 1% 1% -1% 1% 0% 2% 0% TOTAL 19% 19% 19% 15% 18% 18% 13% 14% 43% 22% -1% 17% 17% 10% 10% Field Systems Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Organic -11% -3% -5% -2% -6% -12% -6% -2% 3% -4% 5% 3% 8% 3% 5% Acquisitions 0% 0% 0% 0% 0% 0% 2% 2% 2% 1% 2% 0% 0% 0% 1% Divestitures -7% -3% 0% -1% -3% -1% -26% -24% -25% -19% -21% 0% 0% 0% -6% Foreign Currency -1% 0% 0% 1% 0% 0% 0% 0% 0% 0% 0% 1% 1% 1% 0% TOTAL -19% -6% -5% -2% -9% -13% -30% -24% -20% -22% -14% 4% 9% 4% 0% Transportation & Logistics Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Organic 1% 6% 9% 2% 4% 4% 3% 3% 9% 5% 1% 5% 3% -1% 2% Acquisitions 0% 27% 29% 30% 21% 29% 0% 0% 0% 6% 2% 2% 2% 2% 2% Divestitures -5% -3% -1% 0% -2% -1% -1% -1% 0% -1% -26% -39% -37% -37% -35% Foreign Currency -1% 0% 1% 1% 0% 0% 0% 0% -1% 0% -2% 1% 1% 2% 1% TOTAL -5% 30% 38% 33% 23% 32% 2% 2% 8% 10% -25% -31% -31% -34% -30% Total Trimble Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Organic -3% 3% 2% 3% 1% 0% 1% 3% 17% 5% 2% 8% 10% 4% 6% Acquisitions 1% 6% 6% 5% 4% 5% 1% 1% 1% 2% 1% 1% 0% 0% 1% Divestitures -5% -3% -1% -1% -2% -1% -14% -13% -13% -10% -14% -9% -8% -7% -10% Foreign Currency -1% 0% 1% 1% 0% 0% 0% 0% 0% 0% -1% 1% 1% 2% 1% TOTAL -8% 6% 8% 9% 3% 4% -12% -9% 5% -3% -12% 1% 3% -1% -3% Historical revenue growth metrics (as-reported) Note: Figures may vary due to rounding.
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22 ARR ($MMs) Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 AECO $924 $985 $1,022 $1,067 $1,094 $1,164 $1,210 $1,269 $1,294 $1,360 $1,423 $1,475 Field Systems 273 283 290 289 304 308 328 341 358 358 386 409 Transportation & Logistics 451 614 624 626 631 641 649 649 525 492 501 508 Total $1,648 $1,883 $1,935 $1,982 $2,029 $2,113 $2,187 $2,258 $2,176 $2,210 $2,310 $2,392 Organic ARR Growth % Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 AECO 19% 19% 18% 17% 18% 18% 18% 18% 19% 16% 17% 16% Field Systems 12% 12% 12% 12% 13% 16% 18% 21% 24% 17% 18% 20% Transportation & Logistics 4% 5% 5% 4% 4% 6% 5% 5% 4% 5% 5% 7% Total 13% 14% 13% 13% 13% 14% 14% 14% 15% 13% 14% 14% Historical ARR growth metrics (as-reported) Note: Figures may vary due to rounding.
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23 Agriculture ($MMs) Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Revenue $146 $134 $119 $110 $508 $85 NA NA NA $85 NA NA NA NA $0 Operating Income 56 42 40 33 171 8 NA NA NA 8 NA NA NA NA 0 Operating Margin 38.3% 31.5% 33.8% 29.8% 33.6% 9.8% NA NA NA 9.8% NA NA NA NA 0.0% Mobility ($MMs) Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Revenue $77 $76 $80 $76 $310 $79 $74 $73 $72 $298 $23 NA NA NA $23 Operating Income 8 5 8 7 28 9 9 10 8 35 0 NA NA NA 0 Operating Margin 10.2% 7.0% 9.9% 9.3% 9.1% 11.2% 12.1% 13.2% 10.8% 11.8% 0.0% NA NA NA 0.0% 53rd Week ($MMs) Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Revenue NA NA NA NA NA NA NA NA $90 $90 NA NA NA NA $0 Operating Income NA NA NA NA NA NA NA NA 62 62 NA NA NA NA 0 Operating Margin NA NA NA NA NA NA NA NA 68.5% 68.5% NA NA NA NA 0.0% Total Adjustments ($MMs) Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Revenue $223 $210 $199 $186 $818 $164 $74 $73 $163 $474 $23 NA NA NA $23 Operating Income 64 47 48 40 199 17 9 10 70 105 0 NA NA NA 0 Operating Margin 28.6% 22.6% 24.2% 21.4% 24.3% 10.5% 12.1% 13.2% 42.9% 22.3% 0.0% NA NA NA 0.0% Historical segment financials (as-adjusted) Note: As-adjusted figures exclude the financial results from the agriculture business (divested in Q2’24), mobility business (divested in Q1’25), and the 53rd week of fiscal 2024. Note: Figures may vary due to rounding.
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24 Revenue (as-adjusted) ($MMs) Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 AECO $288 $264 $270 $289 $1,111 $339 $300 $306 $338 $1,283 $335 $350 $358 $454 $1,499 Field Systems 334 407 376 342 1,460 334 379 375 359 1,447 359 393 409 379 1,539 Transportation & Logistics 70 112 113 115 410 116 117 122 123 479 123 133 134 136 527 TOTAL $692 $784 $759 $746 $2,981 $790 $796 $803 $821 $3,210 $818 $876 $901 $970 $3,565 Operating Income (as-adjusted) ($MMs) Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 AECO $95 $62 $78 $93 $329 $127 $79 $89 $105 $400 $92 $106 $114 $200 $512 Field Systems 81 134 125 92 432 90 110 124 112 436 107 121 137 114 478 Transportation & Logistics 12 21 26 30 90 27 27 31 30 116 26 29 35 31 121 Unallocated Corporate (27) (34) (25) (30) (116) (27) (30) (29) (34) (120) (26) (33) (31) (32) (123) TOTAL $162 $184 $203 $187 $736 $217 $185 $215 $214 $832 $198 $223 $254 $313 $988 Operating Income Margin % (as-adjusted) Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 AECO 33.1% 23.6% 28.9% 32.4% 29.6% 37.4% 26.4% 29.1% 31.2% 31.2% 27.3% 30.4% 31.8% 44.1% 34.2% Field Systems 24.4% 32.9% 33.1% 27.0% 29.6% 26.9% 28.9% 33.0% 31.2% 30.1% 29.7% 30.8% 33.4% 30.0% 31.1% Transportation & Logistics 17.8% 18.9% 22.9% 26.4% 21.9% 23.6% 23.0% 25.7% 24.2% 24.1% 21.2% 21.5% 25.8% 22.9% 22.9% TOTAL 23.4% 23.4% 26.7% 25.0% 24.7% 27.5% 23.3% 26.8% 26.1% 25.9% 24.2% 25.4% 28.2% 32.3% 27.7% Historical segment financials (as-adjusted) Note: As-adjusted figures exclude the financial results from the agriculture business (divested in Q2’24), mobility business (divested in Q1’25), and the 53rd week of fiscal 2024. Note: Figures may vary due to rounding.
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25 AECO (as-adjusted) Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Organic 17% 15% 15% 14% 15% 18% 14% 13% 17% 16% 0% 16% 17% 32% 16% Acquisitions 5% 6% 4% 1% 4% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% Divestitures -1% -1% -1% -1% -1% -1% -1% -1% -1% -1% 0% 0% 0% 0% 0% Foreign Currency -3% -1% 1% 1% 0% 0% 0% 0% 0% 0% -1% 1% 1% 2% 1% TOTAL 19% 19% 19% 15% 18% 18% 13% 14% 17% 16% -1% 17% 17% 34% 17% Field Systems (as-adjusted) Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Organic -10% 0% -3% 2% -3% 1% -8% -2% 2% -2% 6% 3% 8% 4% 5% Acquisitions 0% 0% 0% 0% 0% 0% 3% 2% 4% 2% 3% 0% 0% 0% 1% Divestitures -10% -4% -1% -2% -4% -1% -1% -1% -1% -1% -1% 0% 0% 0% 0% Foreign Currency -1% 0% 1% 1% 0% 0% 0% 0% 0% 0% -1% 1% 1% 1% 1% TOTAL -21% -4% -2% 1% -7% 0% -7% -1% 5% -1% 8% 4% 9% 6% 6% Transportation & Logistics (as-adjusted) Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Organic 4% 6% 8% 5% 6% 7% 7% 10% 8% 8% 5% 8% 4% 4% 5% Acquisitions 0% 56% 61% 62% 44% 62% 0% 0% 0% 11% 3% 3% 3% 3% 3% Divestitures -9% -7% -3% -2% -5% -3% -2% -1% -1% -1% 0% 0% 0% 0% 0% Foreign Currency -1% -1% 1% 1% 0% 0% -1% 0% -1% 0% -2% 2% 3% 4% 2% TOTAL -7% 55% 67% 66% 44% 66% 4% 8% 7% 17% 6% 13% 10% 11% 10% Total Trimble (as-adjusted) Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Organic 0% 5% 4% 7% 4% 8% 1% 5% 9% 6% 3% 9% 11% 16% 10% Acquisitions 2% 7% 7% 7% 6% 6% 1% 1% 2% 3% 2% 0% 0% 0% 1% Divestitures -7% -3% -1% -1% -3% -1% -1% -1% -1% -1% 0% 0% 0% 0% 0% Foreign Currency -2% 0% 1% 1% 0% 0% 0% 0% 0% 0% -1% 1% 1% 2% 1% TOTAL -7% 9% 12% 13% 6% 14% 2% 6% 10% 8% 4% 10% 12% 18% 11% Historical revenue growth metrics (as-adjusted) Note: As-adjusted figures exclude the financial results from the agriculture business (divested in Q2’24), mobility business (divested in Q1’25), and the 53rd week of fiscal 2024. Note: Figures may vary due to rounding.
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26 Historical ARR growth metrics (as-adjusted) ARR ($MMs) Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 AECO $924 $985 $1,022 $1,067 $1,094 $1,164 $1,210 $1,269 $1,294 $1,360 $1,423 $1,475 Field Systems 255 266 274 281 288 308 328 341 358 358 386 409 Transportation & Logistics 242 405 411 420 425 435 444 446 459 492 501 508 Total $1,421 $1,656 $1,707 $1,768 $1,807 $1,908 $1,981 $2,056 $2,111 $2,210 $2,310 $2,392 Organic ARR Growth % Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 AECO 19% 19% 18% 17% 18% 18% 18% 18% 19% 16% 17% 16% Field Systems 12% 12% 13% 15% 14% 17% 19% 21% 25% 17% 18% 20% Transportation & Logistics 7% 9% 7% 7% 10% 9% 9% 8% 7% 8% 7% 7% Total 15% 16% 15% 15% 16% 16% 16% 16% 17% 14% 15% 14% Note: As-adjusted figures exclude the financial results from the agriculture business (divested in Q2’24), mobility business (divested in Q1’25), and the 53rd week of fiscal 2024. Note: Figures may vary due to rounding.
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27 $ in MMs Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Q1-24 Q2-24 Q3-24 Q4-24 FY-24 Q1-25 Q2-25 Q3-25 Q4-25 FY-25 Revenue, As-Reported $915 $994 $957 $932 $3,799 $953 $871 $876 $983 $3,683 $841 $876 $901 $970 $3,587 Less: Agriculture (146) (134) (119) (110) (508) (85) NA NA NA (85) NA NA NA NA 0 Less: Mobility (77) (76) (80) (76) (310) (79) (74) (73) (72) (298) (23) NA NA NA (23) Less: 53rd Week 0 0 0 0 0 0 0 0 (90) (90) NA NA NA NA 0 Revenue, As-Adjusted $692 $784 $759 $746 $2,981 $790 $796 $803 $821 $3,210 $818 $876 $901 $970 $3,565 GAAP Operating Income, As-Reported $137 $94 $121 $97 $449 $109 $62 $117 $174 $461 $98 $128 $151 $216 $592 Add: Amort. of purchased intangible assets 35 62 59 57 212 55 54 45 45 199 42 43 44 44 172 Add: Acquisition / divestiture items 7 27 22 17 72 24 34 17 6 82 9 3 1 6 19 Add: Stock-based comp. / deferred comp. 35 42 38 36 151 39 38 38 49 164 38 41 37 37 151 Add: Restructuring and other costs 12 7 11 20 50 8 6 8 11 32 12 8 22 11 54 Non-GAAP Operating Income, As-Reported $226 $231 $251 $227 $935 $234 $194 $225 $284 $937 $198 $223 $254 $313 $988 Less: Agriculture Non-GAAP Operating Income (56) (42) (40) (33) (171) (8) NA NA NA (8) 0 NA NA NA 0 Less: Mobility Non-GAAP Operating Income (8) (5) (8) (7) (28) (9) (9) (10) (8) (35) 0 NA NA NA 0 Less: 53rd Week Non-GAAP Operating Income 0 0 0 0 0 0 0 0 (62) (62) 0 NA NA NA 0 Non-GAAP Operating Income, As-Adjusted $162 $184 $203 $187 $736 $217 $185 $215 $214 $832 $198 $223 $254 $313 $988 Non-GAAP Operating Income, As-Reported $226 $231 $251 $227 $935 $234 $194 $225 $284 $937 $198 $223 $254 $313 $988 Add: Depreciation & cloud computing amort. 11 12 12 11 47 11 12 12 15 49 12 12 12 12 49 Add: Equity Method Income 11 8 5 4 28 6 8 1 0 14 2 5 3 0 9 Adjusted EBITDA, As-Reported $249 $251 $268 $241 $1,010 $251 $214 $237 $298 $1,000 $212 $240 $269 $325 $1,046 Less: Agriculture EBITDA (57) (43) (41) (33) (174) (8) NA NA NA (8) 0 NA NA NA 0 Less: Mobility EBITDA (8) (6) (8) (8) (30) (10) (10) (10) (8) (37) 0 NA NA NA 0 Less: 53rd Week EBITDA 0 0 0 0 0 0 0 0 (62) (62) 0 NA NA NA 0 Adjusted EBITDA, As-Adjusted $184 $203 $219 $201 $806 $233 $204 $227 $228 $893 $212 $240 $269 $325 $1,046 As-adjusted reconciliation Note: Non-GAAP measures, which we use along with a corresponding reconciliation to the nearest comparable GAAP measures, can be found on our website at http://investor.trimble.com. Note: As-adjusted figures exclude the financial results from the agriculture business (divested in Q2’24), mobility business (divested in Q1’25), and the 53rd week of fiscal 2024. Note: Figures may vary due to rounding.