Magna International Inc 6-K, filed Aug 1, 2025

Magna International Inc (MGA)

6-K 2025-08-01 For: 2025-08-01

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Added on April 11, 2026

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Magna International Inc filed this 6-K on August 1, 2025.

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	MAGNA INTERNATIONAL INC.
	(Registrant)

Date: August 1, 2025

	By:	/s/ “Bassem Shakeel”
		Bassem A. Shakeel,
		Vice-President, Associate General Counsel and Corporate Secretary

Exhibit 99.1	Q2 2025 Financial Review

Exhibit 99.2	Q2 2025 Results Webcast Presentation (August 1, 2025)

Exhibit 99.3	Q2 2025 Results Webcast Transcript (August 1, 2025)

		2023															2024															2025
	Note	1st Q			2nd Q			3rd Q			4th Q			TOTAL			1st Q			2nd Q			3rd Q			4th Q			TOTAL			1st Q			2nd Q			TOTAL

VEHICLE VOLUME STATISTICS (in millions)
North America			3.884			4.079			3.930			3.720			15.613			3.976			4.096			3.675			3.632			15.379			3.641			3.834			7.475
Europe			4.640			4.659			3.867			4.447			17.613			4.529			4.416			3.685			4.122			16.752			4.233			4.322			8.555
China			5.941			6.801			7.622			8.864			29.228			6.435			7.165			7.366			9.845			30.811			7.081			7.513			14.594
Other			6.926			6.690			6.912			7.038			27.566			6.661			6.646			6.751			7.005			27.063			6.924			6.795			13.719
Global			21.391			22.229			22.331			24.069			90.020			21.601			22.323			21.477			24.604			90.005			21.879			22.464			44.343
Magna Steyr vehicle assembly volumes			0.034			0.027			0.023			0.021			0.105			0.022			0.019			0.015			0.016			0.072			0.017			0.016			0.033

AVERAGE FOREIGN EXCHANGE RATES
1 Canadian dollar equals U.S. dollars			0.740			0.745			0.746			0.735			0.742			0.741			0.731			0.733			0.715			0.730			0.697			0.723			0.710
1 euro equals U.S. dollars			1.073			1.089			1.088			1.076			1.082			1.085			1.076			1.099			1.066			1.082			1.053			1.134			1.093
1 Chinese renminbi equals U.S. dollars			0.146			0.143			0.138			0.138			0.141			0.139			0.138			0.140			0.139			0.139			0.138			0.138			0.138

CONSOLIDATED STATEMENTS OF INCOME (LOSS)
Sales
Body Exteriors & Structures			4,439			4,540			4,354			4,178			17,511			4,429			4,465			4,038			4,067			16,999			3,966			4,253			8,219
Power & Vision			3,323			3,462			3,745			3,775			14,305			3,842			3,926			3,837			3,786			15,391			3,646			3,857			7,503
Seating Systems			1,486			1,603			1,529			1,429			6,047			1,455			1,455			1,379			1,511			5,800			1,312			1,433			2,745
Complete Vehicles			1,626			1,526			1,185			1,201			5,538			1,383			1,242			1,159			1,402			5,186			1,276			1,226			2,502
Corporate & Other			(201	)		(149	)		(125	)		(129	)		(604	)		(139	)		(130	)		(133	)		(138	)		(540	)		(131	)		(138	)		(269	)
			10,673			10,982			10,688			10,454			42,797			10,970			10,958			10,280			10,628			42,836			10,069			10,631			20,700

Costs and expenses
Cost of goods sold			9,416			9,544			9,264			8,961			37,185			9,642			9,494			8,828			9,073			37,037			8,827			9,127			17,954
Selling, general and administrative			488			505			491			566			2,050			516			523			487			535			2,061			539			565			1,104
Equity income			(33	)		(36	)		(40	)		(3	)		(112	)		(34	)		(9	)		(13	)		(45	)		(101	)		(20	)		(32	)		(52	)
Adjusted EBITDA			802			969			973			930			3,674			846			950			978			1,065			3,839			723			971			1,694
Depreciation			353			353			358			372			1,436			377			373			384			376			1,510			369			388			757
Adjusted EBIT			449			616			615			558			2,238			469			577			594			689			2,329			354			583			937
Amortization of acquired intangible assets			12			13			32			31			88			28			28			28			28			112			26			29			55
Other expense (income), net	1		142			86			(4	)		164			388			356			68			(188	)		228			464			53			6			59
Interest expense, net			20			34			49			53			156			51			54			54			52			211			50			52			102
Income from operations before income taxes			275			483			538			310			1,606			34			427			700			381			1,542			225			496			721
Income tax expense			58			129			121			12			320			8			99			192			147			446			72			102			174
Net income			217			354			417			298			1,286			26			328			508			234			1,096			153			394			547
Income attributable to non-controlling interests			(8	)		(15	)		(23	)		(27	)		(73	)		(17	)		(15	)		(24	)		(31	)		(87	)		(7	)		(15	)		(22	)
Net income attributable to Magna International Inc.			209			339			394			271			1,213			9			313			484			203			1,009			146			379			525

Diluted earnings per common share		$	0.73		$	1.18		$	1.37		$	0.94		$	4.23		$	0.03		$	1.09		$	1.68		$	0.71		$	3.52		$	0.52		$	1.35		$	1.86

Weighted average number of Common Shares outstanding during the period (in millions):			286.6			286.3			286.8			286.6			286.6			287.1			287.3			287.3			285.9			286.9			282.0			281.7			281.9

NON-GAAP MEASURES
Adjusted EBITDA			802			969			973			930			3,674			846			950			978			1,065			3,839			723			971			1,694
Adjusted EBIT	2		449			616			615			558			2,238			469			577			594			689			2,329			354			583			937
Adjusted return on invested capital	2		8.7	%		11.0	%		10.3	%		9.6	%		9.9	%		7.8	%		9.4	%		9.0	%		11.8	%		9.5	%		5.7	%		9.6	%		7.7	%
Adjusted net income attributable to Magna International Inc.	2		329			441			419			383			1,572			311			389			369			482			1,551			219			407			626
Adjusted Diluted earnings per common share	2	$	1.15		$	1.54		$	1.46		$	1.33		$	5.49		$	1.08		$	1.35		$	1.28		$	1.69		$	5.41		$	0.78		$	1.44		$	2.22

PROFITABILITY RATIOS
Selling, general and administrative /Sales			4.6	%		4.6	%		4.6	%		5.4	%		4.8	%		4.7	%		4.8	%		4.7	%		5.0	%		4.8	%		5.4	%		5.3	%		5.3	%
Adjusted EBIT /Sales			4.2	%		5.6	%		5.8	%		5.3	%		5.2	%		4.3	%		5.3	%		5.8	%		6.5	%		5.4	%		3.5	%		5.5	%		4.5	%
Income (loss) from operations before income taxes /Sales			2.6	%		4.4	%		5.0	%		3.0	%		3.8	%		0.3	%		3.9	%		6.8	%		3.6	%		3.6	%		2.2	%		4.7	%		3.5	%
Effective tax rate
Reported			21.1	%		26.7	%		22.5	%		3.9	%		19.9	%		23.5	%		23.2	%		27.4	%		38.6	%		28.9	%		32.0	%		20.6	%		24.1	%
Excluding Other expense (income) and amortization, net of taxes and valuation allowance adjustments			21.4	%		21.6	%		21.9	%		18.8	%		21.0	%		21.5	%		22.8	%		27.2	%		19.5	%		22.7	%		25.7	%		20.5	%		22.4	%

		2023												2024												2025
		1st Q			2nd Q			3rd Q			4th Q			1st Q			2nd Q			3rd Q			4th Q			1st Q			2nd Q
CONSOLIDATED BALANCE SHEETS

FUNDS EMPLOYED
Current assets:
Accounts receivable			7,959			8,556			8,477			7,881			8,379			8,219			8,377			7,376			8,198			8,258
Inventories			4,421			4,664			4,751			4,606			4,511			4,466			4,592			4,151			4,184			4,207
Prepaid expenses and other			367			455			387			352			399			314			303			344			358			333
			12,747			13,675			13,615			12,839			13,289			12,999			13,272			11,871			12,740			12,798
Current liabilities:
Accounts payable			7,731			7,984			7,911			7,842			7,855			7,639			7,608			7,194			7,376			7,127
Accrued salaries and wages			822			858			900			912			883			862			962			867			893			917
Other accrued liabilities			2,526			2,637			2,537			2,626			2,728			2,650			2,642			2,572			2,723			2,845
Income taxes payable (receivable)			9			(14	)		33			125			132			79			176			192			152			88
			11,088			11,465			11,381			11,505			11,598			11,230			11,388			10,825			11,144			10,977

Working capital			1,659			2,210			2,234			1,334			1,691			1,769			1,884			1,046			1,596			1,821

Investments			1,390			1,287			1,311			1,273			1,195			1,161			1,165			1,045			1,062			1,129
Fixed assets, net			8,304			8,646			8,778			9,618			9,545			9,623			9,836			9,584			9,650			9,853
Goodwill, other assets and intangible assets			3,640			4,733			4,726			4,962			4,646			4,709			4,865			4,532			4,669			4,896
Operating lease right-of-use assets			1,638			1,667			1,696			1,744			1,733			1,688			1,780			1,941			2,032			2,061
Funds employed			16,631			18,543			18,745			18,931			18,810			18,950			19,530			18,148			19,009			19,760
FINANCING
Straight debt:
Cash and cash equivalents			(2,429	)		(1,281	)		(1,022	)		(1,198	)		(1,517	)		(999	)		(1,061	)		(1,247	)		(1,059	)		(1,536	)
Short-term borrowings			4			150			2			511			838			848			828			271			614			349
Long-term debt due within one year			668			1,426			1,398			819			824			65			65			708			1,005			706
Long-term debt			4,500			4,159			4,135			4,175			4,549			4,863			4,916			4,134			3,892			4,984
Current portion of operating lease liabilities			285			303			384			399			306			306			319			293			305			318
Operating lease liabilities			1,318			1,345			1,289			1,319			1,407			1,378			1,458			1,662			1,742			1,759
			4,346			6,102			6,186			6,025			6,407			6,461			6,525			5,821			6,499			6,580
Long-term employee benefit liabilities			563			579			564			591			584			564			571			533			552			574
Other long-term liabilities			451			448			453			475			471			507			339			396			349			267
Deferred tax assets, net			(218	)		(242	)		(210	)		(437	)		(576	)		(592	)		(592	)		(542	)		(557	)		(564	)
			796			785			807			629			479			479			318			387			344			277
Shareholders' equity			11,489			11,656			11,752			12,277			11,924			12,010			12,687			11,940			12,166			12,903
			16,631			18,543			18,745			18,931			18,810			18,950			19,530			18,148			19,009			19,760

ASSET UTILIZATION RATIOS
Days in accounts receivable			67.1			70.1			71.4			67.8			68.7			67.5			73.3			62.5			73.3			69.9
Days in accounts payable			73.9			75.3			76.9			78.8			73.3			72.4			77.6			71.4			75.2			70.3
Inventory turnover - cost of goods sold			8.5			8.2			7.8			7.8			8.5			8.5			7.7			8.7			8.4			8.7
Working capital turnover			25.7			19.9			19.1			31.3			25.9			24.8			21.8			40.6			25.2			23.4
Total asset turnover			2.6			2.4			2.3			2.2			2.3			2.3			2.1			2.3			2.1			2.2

CAPITAL STRUCTURE
Straight debt			26.1	%		32.9	%		33.0	%		31.8	%		34.1	%		34.1	%		33.4	%		32.1	%		34.2	%		33.3	%
Long-term employee benefit liabilities, other long-term liabilities & deferred tax liabilities, net			4.8	%		4.2	%		4.3	%		3.3	%		2.5	%		2.5	%		1.6	%		2.1	%		1.8	%		1.4	%
Shareholders' equity			69.1	%		62.9	%		62.7	%		64.9	%		63.4	%		63.4	%		65.0	%		65.8	%		64.0	%		65.3	%
			100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%

Adjusted Debt to Adjusted EBITDA	2		2.19	x		2.19	x		2.02	x		1.85	x		1.98	x		1.91	x		1.93	x		1.75	x		1.92	x		2.03	x

Debt to total capitalization			37.1	%		38.8	%		38.0	%		37.0	%		39.9	%		38.3	%		37.4	%		37.2	%		38.3	%		38.6	%

		2023										2024										2025
	Note	1st Q		2nd Q		3rd Q		4th Q		TOTAL		1st Q		2nd Q		3rd Q		4th Q		TOTAL		1st Q		2nd Q		TOTAL
CONSOLIDATED STATEMENTS OF CASH FLOWS
Operating activities
Net income		217		354		417		298		1,286		26		328		508		234		1,096		153		394		547
Items not involving current cash flows		351		525		404		362		1,642		565		353		277		662		1,857		394		368		762
		568		879		821		660		2,928		591		681		785		896		2,953		547		762		1,309
Changes in operating assets and liabilities		(341	)	(332	)	(24	)	918		221		(330	)	55		(58	)	1,014		681		(470	)	(135	)	(605	)
Cash provided from operating activities		227		547		797		1,578		3,149		261		736		727		1,910		3,634		77		627		704

Investment activities
Fixed asset additions		(424	)	(502	)	(630	)	(944	)	(2,500	)	(493	)	(500	)	(476	)	(709	)	(2,178	)	(268	)	(246	)	(514	)
Increase in investments, other assets and intangible assets		(101	)	(96	)	(176	)	(189	)	(562	)	(125	)	(170	)	(115	)	(207	)	(617	)	(148	)	(94	)	(242	)
Net cash (outflow) inflow from disposal of facilities	1(f), 1(g)	(25	)	-		(23	)	-		(48	)	4		-		78		-		82		-		-		-
Investment in Public and Private Equity Investments		-		(3	)	(7	)	(1	)	(11	)	(23	)	2		(1	)	10		(12	)	(1	)	(3	)	(4	)
Proceeds from disposition		19		44		32		27		122		87		57		38		37		219		26		14		40
Business combinations		-		(1,475	)	-		(29	)	(1,504	)	(30	)	(56	)	-		-		(86	)	(4	)	4		-
Cash used for investment activities		(531	)	(2,032	)	(804	)	(1,136	)	(4,503	)	(580	)	(667	)	(476	)	(869	)	(2,592	)	(395	)	(325	)	(720	)

Financing activities
Net issues (repayments) of debt		1,636		544		(135	)	(119	)	1,926		757		(416	)	(47	)	(513	)	(219	)	322		341		663
Common Shares issued on exercise of stock options		6		-		8		6		20		30		-		-		-		30		-		-		-
Repurchase of Common Shares		(9	)	(2	)	-		(2	)	(13	)	(3	)	(2	)	-		(202	)	(207	)	(51	)	-		(51	)
Tax withholdings on vesting of equity awards		(9	)	(1	)	-		(1	)	(11	)	(4	)	(1	)	-		(3	)	(8	)	(4	)	-		(4	)
Contributions to subsidiaries by non-controlling interests		-		-		-		11		11		-		-		-		-		-		-		-		-
Dividends paid to non-controlling interests		(7	)	(24	)	(18	)	(25	)	(74	)	-		(26	)	(10	)	(10	)	(46	)	-		(25	)	(25	)
Dividends paid		(132	)	(129	)	(128	)	(133	)	(522	)	(134	)	(134	)	(138	)	(133	)	(539	)	(136	)	(137	)	(273	)
Cash provided from (used for) financing activities		1,485		388		(273	)	(263	)	1,337		646		(579	)	(195	)	(861	)	(989	)	131		179		310

Effect of exchange rate changes on cash and cash equivalents		14		(51	)	21		(3	)	(19	)	(8	)	(8	)	6		6		(4	)	(1	)	(4	)	(5	)
Net increase (decrease) in cash and cash equivalents, during the period		1,195		(1,148	)	(259	)	176		(36	)	319		(518	)	62		186		49		(188	)	477		289

Cash and cash equivalents, beginning of period		1,234		2,429		1,281		1,022		1,234		1,198		1,517		999		1,061		1,198		1,247		1,059		1,247
Cash and cash equivalents, end of period		2,429		1,281		1,022		1,198		1,198		1,517		999		1,061		1,247		1,247		1,059		1,536		1,536

	[b]	Investment revaluations, (gains) losses on sales, and impairments

		The Company revalues its public and private equity investments and certain public company warrants every quarter. The gains and losses related to this revaluation, as well as gain and losses on disposition, are primarily recorded in Corporate. In the second quarter of 2023, the Company recorded a non-cash impairment charge of $85 million on a private equity investment and related long-term receivables within Other assets in its Corporate segment. In the fourth quarter of 2023, the Company also recorded a non-cash impairment charge of $5 million on a private equity investment in its Power & Vision segment. In the fourth quarter of 2024, the Company recorded a non-cash impairment charge of $13 million on a private equity investment in its Corporate segment.

	[c]	Impacts related to Fisker Inc. [“Fisker”]

		During 2023 and 2024, the Company recorded impairment charges on its Fisker related net assets, including its Fisker warrants, which were received in connection with the agreements with Fisker for platform sharing, engineering and manufacturing of the Fisker Ocean SUV. The Company also recorded additional restructuring charges during the first quarter of 2024 related to its Fisker related assembly operations. In the course of such bankruptcy proceedings, the Company terminated its manufacturing agreement for the Fisker Ocean SUV and recognized the remaining $196 million of deferred revenue into income.

	[d]	Impairments

		During 2024, the Company recorded an impairment charge of $79 million on fixed assets, right of use assets and intangible assets at two European facilities in its Power & Vision segment.

	[e]	Gain on business combination

		During 2024, the Company acquired a business in the Body Exteriors & Structures segment for $5 million, resulting in a bargain purchase gain of $9 million.

	[f]	Veoneer AS transaction costs

		During 2023, the Company incurred $23 million of transaction costs related to the acquisition of the Veoneer Active Safety Business.

	[g]	Operations in Russia

		As a result of the expected lack of future cashflows and the continuing uncertainties connected with the Russian economy, during 2023, the Company completed the sale of all of its investments in Russia resulting in a final loss of $16 million including a net cash outflow of $23 million.

Note 2:		NON-GAAP MEASURES

		The Company presents Adjusted EBIT (Earnings before interest, taxes, Other expense (income), net and amortization of acquired intangible assets); Adjusted Net Income (Net Income before Other expense (income), net, net of tax excluding significant income tax valuation allowance adjustments, and amortization of acquired intangible assets); Adjusted Diluted Earnings per Share; Adjusted EBIT as a percentage of sales; Adjusted Return on Invested Capital; and Adjusted Debt to Adjusted EBITDA. The Company presents these financial figures because such measures are widely used by analysts and investors in evaluating the operating performance of the Company. However, such measures do not have any standardized meaning under U.S. generally accepted accounting principles and may not be comparable to the calculation of similar measures by other companies.

	[i]	The long-term employee benefit liabilities, capitalized operating lease expense, interest income and pension adjustment figures included in the Adjusted EBITDA calculations are based on the annual figures for the years ended December 31, 2024, December 31, 2023 and December 31, 2022, respectively.
	[ii]	Pension adjustment calculated as Net Periodic Pension Benefit Cost less Current Service Cost for defined benefit pension plans.

		2023														2024													2025
		1st Q		2nd Q			3rd Q			4th Q			TOTAL			1st Q		2nd Q			3rd Q			4th Q		TOTAL			1st Q		2nd Q			TOTAL
Diluted earnings per common share		$	0.73	$	1.18		$	1.37		$	0.94		$	4.23		$	0.03	$	1.09		$	1.68		$	0.71	$	3.52		$	0.52		1.35		$	1.86
Exclude:
Amortization of acquired intangible assets			0.04		0.04			0.09			0.09			0.25			0.08		0.08			0.08			0.08		0.31			0.08		0.08			0.16
Restructuring activities			0.31		(0.09	)		-			0.20			0.43			0.11		0.15			-			0.29		0.55			0.15		0.03			0.19
Investment revaluations, (gains) losses on sales, and impairments			0.01		0.30			(0.01	)		0.01			0.31			-		0.01			0.01			0.01		0.04			0.03		(0.02	)		0.01
Impacts related to Fisker Inc. [“Fisker”]			0.06		0.03			(0.05	)		0.25			0.29			0.86		0.05			(0.49	)		0.14		0.56			-		-			-
Impairments			-		-			-			-			-			-		-			-			0.28		0.28			-		-			-
Gain on business combination			-		-			-			-			-			-		(0.03	)		-			-		(0.03	)		-		-			-
Veoneer AS transaction costs			-		0.08			-			-			0.08			-		-			-			-		-			-		-			-
Operations in Russia			-		-			0.06			-			0.06			-		-			-			-		-			-		-			-
Adjustments to Deferred Tax Valuation Allowance	[iii]		-		-			-			(0.16	)		(0.16	)		-		-			-			0.18		0.18			-		-			-

Adjusted diluted earnings per common share		$	1.15	$	1.54		$	1.46		$	1.33		$	5.49		$	1.08	$	1.35		$	1.28		$	1.69	$	5.41		$	0.78	$	1.44		$	2.22