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This has been ABB's best year yet.

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As our Integrated Report shows,
we ended a record

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2025 performance on a high note.

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I'm very proud of all the ABB teams
who made this success

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possible. During 2025,

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we saw strong demand for electrification
and automation

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solutions in most customer segments.

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We also continue
to improve our profitability

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even in the face of challenges
like tariffs and higher material prices.

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And we continue to be recognized
with good sustainability ratings

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and make good progress in walking
the sustainability talk at our own sites.

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In 2025,

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technology remained at the heart
of how we create value for our customers,

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and we invested $1.3
billion in research and development.

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In 2026, we will
continue to build on our strengths.

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We have a strong position,
great solutions, and high performing teams.

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That's why we are confident
that we will deliver on our updated

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financial targets as we help
our customers outrun, leaner and cleaner.