Robert A. Winn Excellence in Clinical Trials Award Program Announces Third Cohort of Physician-Researchers for the Clinical Investigator Leadership Award

Originally published by The Robert A. Winn Excellence in Clinical Trials Award Program

NATIONAL, February 11, 2026, /3BL/ — The Robert A. Winn Excellence in Clinical Trials Award Program (Winn Awards), along with the American Heart Association (Heart Association), and EveryGrant® implemented by Conquer Cancer®, the ASCO Foundation (Conquer Cancer), with funding from the Bristol Myers Squibb Foundation (BMS Foundation), an independent charitable organization, recently announced the third cohort of physicians selected to receive the prestigious Winn Clinical Investigator Leadership Award (Winn CILA).

The Winn CILA is a three-year professional and leadership development program designed for early-career clinical investigators — exclusively graduates of the Winn Career Development Award (Winn CDA). The program provides salary support, advanced clinical trials expertise, high-impact mentorship, and institutional networks to help participants become independent and highly effective community-oriented clinical researchers.

“We are delighted to witness the growth in leadership skills as well as the strong relationships developed between the Winn CILA-Oncology investigators and their National Clinical Trials Network (NCTN) mentors. Already we have seen progress — expanded networks, patient recruitment, and innovation in clinical trials design,” said Michal Tibbits, Vice President, Professional Development Department, ASCO.

Winn CILA comprises two distinct programs:

  • Winn CILA-Cardiovascular (CILA-CV) — managed by the American Heart Association, supporting clinical investigators in cardiovascular science and medicine.
  • Winn CILA-Oncology (CILA-Onc) — implemented by Conquer Cancer’s EveryGrant, with the training program led by the American Society of Clinical Oncology (ASCO) in collaboration with the National Cancer Institute’s National Clinical Trials Network (NCTN)

“We are deeply committed to supporting the next generation of leaders who are shaping the future of cardiovascular clinical research,” said Stacey E. Rosen, M.D., FAHA, volunteer president of the American Heart Association and senior vice president of women’s health and executive director of the Katz Institute for Women’s Health of Northwell Health in New York City. “The Winn CILA-Cardiovascular program strengthens the scientific workforce and equips physician-investigators with the knowledge and connections needed to drive meaningful advancements in patient care.”

2025 Winn CILA Award Recipients

The seven award recipients from the third cohort come from a range of oncology and cardiovascular backgrounds and expertise:

Oncology (CILA-Onc), implemented by Conquer Cancer’s EveryGrant®:

  • Yara Abdou, MD — University of North Carolina, Chapel Hill; Alliance for Clinical Trials in Oncology Foundation
  • Joshua A. Budhu, MD, MS, MPH — Memorial Sloan Kettering Cancer Center; NRG Oncology
  • Thomas A. Odeny, MD, MPH, PhD — Washington University in St. Louis; SWOG Cancer Research Network
  • Kristen Spencer, DO, MPH — NYU Grossman School of Medicine; ECOG-ACRIN
  • Austin Wesevich, MD, MPH, MS — The University of Chicago; Children’s Oncology Group Foundation, Inc.

Cardiovascular (CILA-CV), implemented by the American Heart Association

  • Mattheus Ramsis, MD — University of California San Diego
  • Beulah Augustin, MD — University of Florida

Winn CILA is one of three awards under the Winn Award Program that aims to ensure more patients and communities are included in research and have access to the latest advances in medicine. The Winn Awards were established in 2020 by the BMS Foundation to improve participation in clinical trials to drive better health outcomes in all communities and save more lives.

“As the Winn Awards enters its fifth year, we are seeing the vision behind the program take shape through a new generation of community-centered scientific leaders,” said Catharine Grimes, President of the BMS Foundation. “The Clinical Investigator Leadership Award equips Winn CDA graduates with leadership training and the unique opportunity to work directly within the National Clinical Trials Network and the Strategically Focused Research Networks to bring the promise of innovation closer to every community. The Bristol Myers Squibb Foundation is proud to support their continued career and leadership development, as they improve clinical trial participation and ultimately patient outcomes in the communities they serve.”

Applications for the next cycle of the Winn CILA program will open for Winn CDA graduates in spring 2026 for oncology candidates and summer 2026 for cardiovascular candidates.

About the Robert A. Winn Excellence in Clinical Trials Award Program

The Robert A. Winn Excellence in Clinical Trials Award Program (Winn Awards) is transforming the future of clinical research. Through rigorous training, mentorship, and hands-on experience, we empower early-stage investigator physicians with the skills and expertise to engage a broader range of patients — ensuring that the communities enrolled in trials reflect the populations affected by disease. By bridging this gap, we help advance treatments that are safer and more effective for all.

The Winn Career Development Award (Winn CDA) and Winn Clinical Investigator Pathway Program (Winn CIPP) are led by the Winn Awards implementation team at VCU Massey Comprehensive Cancer Center. The Winn Clinical Investigator Leadership Awards (Winn CILA) are implemented by Conquer Cancer’s EveryGrant, and the American Heart Association. Visit www.winnawards.org for more information.

About the Bristol Myers Squibb Foundation

A healthier world is attainable and achievable, but access to healthcare remains unequal. The Bristol Myers Squibb Foundation (BMS Foundation), an independent charitable organization, is dedicated to improving global health, striving to bridge divides by empowering local communities and health systems to create lasting impact. With a vision to help create a world where everyone has the opportunity to achieve their optimal health, the BMS Foundation works to increase access to healthcare and develop grantee relationships in geographies where they are focused, including in Brazil, India, ten countries in Sub-Saharan Africa, and across the United States. For more information, visit bms.com/foundation.

About Conquer Cancer and EveryGrant®

Conquer Cancer®, the ASCO Foundation, funds research for every cancer, every patient, everywhere. Since 1984, its Grants & Awards program has awarded more than $203 million through more than 9,800 grants and awards to improve cancer care and accelerate breakthroughs in clinical and translational oncology research. For more information visit CONQUER.ORG.

Powered by Conquer Cancer, the ASCO Foundation, EveryGrant is a comprehensive grant management service that blends decades of grantmaking success with a global network of experts to help organizations design innovative funding programs—all without navigating the complexities of building them in-house.

About the American Heart Association

The American Heart Association is a relentless force for a world of longer, healthier lives.
Dedicated to ensuring equitable health in all communities, the organization has been a leading source of health information for more than one hundred years. Supported by more than 35 million volunteers globally, we fund groundbreaking research, advocate for the public’s health, and provide critical resources to save and improve lives affected by cardiovascular disease and stroke. By driving breakthroughs and implementing proven solutions in science, policy, and care, we work tirelessly to advance health and transform lives every day. Connect with us on heart.org, Facebook, X or by calling 1-800-AHA-USA1.

About the American Association for Cancer Research 

Founded in 1907, the American Association for Cancer Research (AACR) is the world’s first and largest professional organization dedicated to advancing cancer research and its mission to prevent and cure cancer. AACR membership includes more than 61,000 laboratory, translational, and clinical researchers; population scientists; other health care professionals; and patient advocates residing in 143 countries and territories around the world. Presently, 34% of members live outside the United States and 20% of AACR’s international members are located in countries building cancer research capacity. The AACR marshals the full spectrum of expertise of the cancer community to accelerate progress in the prevention, diagnosis, and treatment of cancer by annually convening more than 30 conferences and educational workshops, the largest of which is the AACR Annual Meeting. The AACR publishes 10 prestigious, peer-reviewed scientific journals. Other AACR publications include Cancer Today, a magazine for cancer patients and caregivers; the annual AACR Cancer Progress Report; AACR Cancer Disparities Progress Report; AACR Annual Impact Report; Leading Discoveries, the AACR’s awareness and donor magazine; and the blog, Cancer Research Catalyst. In addition, the AACR funds meritorious research directly as well as in cooperation with numerous cancer organizations. As the Scientific Partner of Stand Up To Cancer, the AACR provides expert peer review, grants administration, and scientific oversight of team science and individual investigator grants in cancer research that have the potential for near-term patient benefit. The AACR actively communicates with legislators and other policymakers about the value of cancer research and related biomedical science in saving lives from cancer. For more information about the AACR, visit www.AACR.org.

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Novelis Reports Third Quarter Fiscal Year 2026 Results

Q3 Fiscal Year 2026 Highlights

  • Net loss attributable to our common shareholder of $160 million, compared to a net income of $110 million in the prior year, significantly impacted by Oswego, US, plant fires in September and November
  • Oswego production interruptions caused rolled product shipments to be an estimated 72 kilotonnes lower than expected, resulting in an estimated negative pre-tax $54 million impact on Adjusted EBITDA and Net loss; Net loss was additionally impacted by $327 million in pre-tax losses related to the fires
  • Adjusted EBITDA of $348 million, down 5% YoY, impacted by an estimated negative $54 million from the Oswego fires and $34 million from tariffs
  • Rolled product shipments of 809 kilotonnes, down 11% YoY
  • Adjusted EBITDA per tonne shipped of $430, up 6% YoY
  • Recovering from production disruption at Oswego; anticipate restarting the hot mill in late Q2 calendar year 2026
  • Received an equity contribution from its common shareholder in the amount of $750 million in December

ATLANTA, Feb. 11, 2026 /PRNewswire/ — Novelis Inc., a leading sustainable aluminum solutions provider and the world leader in aluminum rolling and recycling, today reported results for the third quarter of fiscal year 2026.

“Despite facing short-term capacity constraints due to the Oswego production disruption, our underlying performance remains strong, driven by our resilient business model, strategic investments in new capacity, effective cost management initiatives, and favorable market conditions—particularly in the beverage packaging sector, our largest product end market,” said Steve Fisher, president and CEO, Novelis Inc. “Cost efficiencies and favorable recycling benefits contributed to a 6% year-over-year increase in Adjusted EBITDA per tonne to $430 in the third quarter, even after absorbing tariffs and the impact of the Oswego fires, highlighting the robustness of our core business.”

Third Quarter Fiscal Year 2026 Financial Highlights

Net sales for the third quarter of fiscal year 2026 increased 3% versus the prior year period to $4.2 billion, mainly driven by higher average aluminum prices, partially offset by an 11% decrease in total rolled product shipments to 809 kilotonnes. Lower shipments to the automotive, beverage packaging and specialties markets were primarily driven by an estimated 72 kilotonne negative shipment impact related to the Oswego production disruption, partially offset by higher aerospace shipments.

Net income attributable to our common shareholder was a loss of $160 million in the third quarter of fiscal year 2026, compared to a net income of $110 million in the prior year period. The decrease was due primarily to the Oswego production disruption and $327 million in pre-tax net losses related to the Oswego fires, as well as unrealized losses on derivatives in the current year compared to gains in the prior year, partially offset by favorable metal price lag resulting from rising average local market aluminum premiums. Adjusted EBITDA decreased 5% year-over-year to $348 million in the third quarter of fiscal year 2026, impacted by an estimated negative $54 million resulting from production interruptions at Oswego and $34 million from tariffs. Partially offsetting these factors were lower aluminum scrap input prices, higher product pricing and savings from our cost efficiency actions. 

Net cash used in operating activities was an outflow of $90 million in the first nine months of fiscal year 2026, compared to a net cash inflow $263 million in the prior year period, largely related to impacts from the Oswego fires. Adjusted free cash flow was an outflow of $1,641 million in the first nine months of fiscal year 2026, compared to the prior year period outflow of $915 million, impacted by an estimated negative $485 million related to the Oswego fires. The decrease in free cash flow was also partially due to a 34% increase in total capital expenditures to $1,577 million for the first nine months of fiscal year 2026, mainly for strategic investments in new capacity under construction, most notably in the U.S. for the Company’s greenfield rolling and recycling plant in Bay Minette, Alabama.

“Despite the challenges posed by the Oswego fires, we continue to demonstrate disciplined execution of cost efficiency initiatives and cash flow management, as reflected in our underlying performance,” said Dev Ahuja, executive vice president and CFO, Novelis Inc. “The equity infusion from our parent company highlights their support and confidence in Novelis, helping us navigate a difficult but temporary situation.”

The Company had a net leverage ratio (Adjusted Net Debt / trailing twelve months (TTM) Adjusted EBITDA) of 3.7x at the end of the third quarter of fiscal year 2026. Total liquidity stood at $2.6 billion as of December 31, 2025, consisting of $825 million in cash and cash equivalents and $1.7 billion in availability under committed credit facilities. In December, the Company received an equity contribution from its common shareholder in the amount of $750 million.

Update on September and November Fires at Oswego Plant

On September 16, a fire broke out at the Novelis plant in Oswego, New York. On November 20, a second significant fire occurred at the Oswego plant in a location where repair work from the September fire was taking place. Everyone working at the plant was safely evacuated and there were no injuries to employees, contractors or first responders during either event. Both fire events were contained to the hot mill area and did not impact the rest of the plant.

“We are aggressively leveraging our global footprint and third-party sources to overcome capacity constraints while we simultaneously restore the Oswego plant,” said Fisher. “Based on work to-date, we expect to restart the Oswego hot mill late in the second quarter of calendar 2026.”

Third Quarter Fiscal Year 2026 Earnings Conference Call

Novelis will discuss its third quarter fiscal year 2026 results via a live webcast and conference call for investors at 7:00 a.m. EST/5:30 p.m. IST on Wednesday, February 11, 2026. The webcast link, presentation materials and access information can also be found at novelis.com/investors. To view slides and listen to the live webcast, visit: https://event.choruscall.com/mediaframe/webcast.html?webcastid=EgugP4UQ. To participate by telephone, participants are requested to register at: https://services.incommconferencing.com/DiamondPassRegistration/register?confirmationNumber=13758269&linkSecurityString=1ea08ffd35.

About Novelis

Novelis Inc. is driven by its purpose of shaping a sustainable world together. We are a global leader in the production of innovative aluminum products and solutions and the world’s largest recycler of aluminum. Our ambition is to be the leading provider of low-carbon, sustainable aluminum solutions and to achieve a fully circular economy by partnering with our suppliers, as well as our customers in the aerospace, automotive, beverage packaging and specialties industries throughout North America, Europe, Asia and South America. Novelis had net sales of $17.1 billion in fiscal year 2025. Novelis is a subsidiary of Hindalco Industries Limited, an industry leader in aluminum and copper, and the metals flagship company of the Aditya Birla Group, a multinational conglomerate based in Mumbai. For more information, visit novelis.com. 

Non-GAAP Financial Measures

This news release and the presentation slides for the earnings call contain non-GAAP financial measures as defined by SEC rules. We believe these measures are helpful to investors in measuring our financial performance and liquidity and comparing our performance to our peers. However, our non-GAAP financial measures may not be comparable to similarly titled non-GAAP financial measures used by other companies. These non-GAAP financial measures have limitations as an analytical tool and should not be considered in isolation or as a substitute for GAAP financial measures. To the extent we discuss any non-GAAP financial measures on the earnings call, a reconciliation of each measure to the most directly comparable GAAP measure will be available in the presentation slides, which can be found at novelis.com/investors. In addition, the Form 8-K includes a more detailed description of each of these non-GAAP financial measures, together with a discussion of the usefulness and purpose of such measures.

Attached to this news release are tables showing the condensed consolidated statements of operations, condensed consolidated balance sheets, condensed consolidated statements of cash flows, reconciliation of Adjusted EBITDA, Adjusted EBITDA per Tonne, Adjusted Free Cash Flow, Adjusted Net Leverage Ratio, Net Income attributable to our common shareholder excluding Special Items, and segment information.

Forward-Looking Statements

Statements made in this news release which describe Novelis’ intentions, expectations, beliefs or predictions may be forward-looking within the meaning of securities laws. Forward-looking statements include statements preceded by, followed by, or including the words “believes,” “expects,” “anticipates,” “plans,” “estimates,” “projects,” “forecasts,” or similar expressions. Examples of forward-looking statements in this news release are: our anticipation of resuming operations at the Oswego hot mill late in the second quarter of calendar 2026, that the liquidity effects related to the Oswego fires are expected to be temporary, and that we are well positioned to sustain long-term growth. Novelis cautions that, by their nature, forward-looking statements involve risk and uncertainty and Novelis’ actual results could differ materially from those expressed or implied in such statements. We do not intend, and we disclaim any obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Factors that could cause actual results or outcomes to differ from the results expressed or implied by forward-looking statements include, among other things: unplanned disruptions at our operating facilities, disruptions or changes in the business or financial condition of our significant customers or the loss of their business or reduction in their requirements; impact of changes in trade policies, new tariffs, duties and other trade measures; price and other forms of competition from other aluminum rolled products producers and potential new market entrants; the competitiveness of our end-markets, and the willingness of our customer to accept substitutes for our products, including steel, plastics, composite materials and glass; our failure to realize the anticipated benefits of strategic investments; increases in the cost or volatility in the availability of primary aluminum, scrap aluminum, sheet ingot, or other raw materials used in the production of our products; risks related to the energy-intensive nature of our operations, including increases to energy costs or disruptions to our energy supplies; downturns in the automotive and ground transportation industries or changes in consumer demand; union disputes and other employee relations issues; the impact of labor disputes and strikes on our customers; loss of our key management and other personnel, or an inability to attract and retain such management and other personnel; unplanned disruptions at our operating facilities, including as a result of adverse weather phenomena or fires; economic uncertainty, capital markets disruption and supply chain interruptions; unexpected impact of public health crises on our business, suppliers, and customers; risks relating to certain joint ventures, subsidiaries and assets that we do not entirely control; risks related to fluctuations in freight costs; risks related to rising inflation and prolonged periods of elevated interest rates; risks related to timing differences between the prices we pay under purchase contracts and metal prices we charge our customers; a deterioration of our financial condition, a downgrade of our ratings by a credit rating agency or other factors which could limit our ability to enter into, or increase our costs of, financing and hedging transactions; risk of rising debt service obligations related to variable rate indebtedness; adverse changes in currency exchange rates; our inability to transact in derivative instruments, or our inability to adequately hedge our exposure to price fluctuations under derivative instruments, or a failure of counterparties to our derivative instruments to honor their agreement; an adverse decline in the liability discount rate, lower-than-expected investment return on pension assets; impairments to our goodwill, other intangible assets, and other long-lived assets; tax expense, tax liabilities or tax compliance costs; risks related to the operating and financial restrictions imposed on us by the covenants in our credit facilities and the indentures governing our Senior Notes; cybersecurity attacks against, disruptions, failures or security breaches and other disruptions to our information technology networks and systems; risks of failing to comply with federal, state and foreign laws and regulations and industry standards relating to privacy, data protection, advertising and consumer protection; our inability to protect our intellectual property, the confidentiality of our know-how, trade secrets, technology, and other proprietary information; risks related to our global operations, including the impact of complex and stringent laws and government regulations; risks related to global climate change, including legal, regulatory or market responses to such change; risks related to a broad range of environmental, health and safety laws and regulations; and risks related to potential legal proceedings or investigations. The above list of factors is not exhaustive. Other important factors are discussed under the captions “Risk Factors” and “Management’s Discussion and Analysis” in our Annual Report on Form 10-K for the fiscal year ended March 31, 2025 and as the same may be updated from time to time in our quarterly reports on Form 10-Q, or in other reports which we from time to time file with the SEC.

Novelis Inc.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)

 

Three Months Ended

December 31,

Nine Months Ended

December 31,

(in millions)

2025

2024

2025

2024

Net sales

$        4,186

$        4,080

$      13,647

$      12,562

Cost of goods sold (exclusive of depreciation and amortization)

3,513

3,516

11,617

10,607

Selling, general and administrative expenses

177

179

525

543

Depreciation and amortization

155

142

455

423

Interest expense and amortization of debt issuance costs

66

66

201

210

Research and development expenses

22

25

68

75

Loss on extinguishment of debt, net

3

Restructuring and impairment expenses, net

20

6

136

46

Equity in net loss (income) of non-consolidated affiliates

7

1

1

(2)

Other expenses (income), net

381

(4)

426

121

4,341

3,931

13,432

12,023

(Loss) income before income tax provision

(155)

149

215

539

Income tax provision

4

39

115

150

Net (loss) income

(159)

110

100

389

Net income attributable to noncontrolling interest

1

1

Net (loss) income attributable to our common shareholder

$         (160)

$           110

$            99

$           389

 

Novelis Inc.

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)

 

(in millions, except number of shares)

December 31,
2025

March 31,
2025

ASSETS

Current assets:

Cash and cash equivalents

$               825

$           1,036

Accounts receivable, net

— third parties (net of allowance for uncollectible accounts of $7 as of December 31, 2025,
and March 31, 2025) 

2,017

2,073

— related parties

176

136

Inventories

3,703

3,054

Prepaid expenses and other current assets

302

234

Fair value of derivative instruments

109

176

Assets held for sale

19

6

Total current assets

7,151

6,715

Property, plant and equipment, net

8,118

6,851

Goodwill

1,080

1,074

Intangible assets, net

458

509

Investment in and advances to non–consolidated affiliates

981

912

Deferred income tax assets

166

188

Other long-term assets

— third parties

287

263

— related parties

5

3

Total assets

$         18,246

$         16,515

LIABILITIES AND SHAREHOLDER’S EQUITY

Current liabilities:

Current portion of long-term debt

$                 52

$                 32

Short-term borrowings

592

348

Accounts payable

— third parties

3,548

3,687

— related parties

325

275

Fair value of derivative instruments

378

106

Liabilities held for sale

13

Accrued expenses and other current liabilities

704

666

Total current liabilities

5,612

5,114

Long-term debt, net of current portion

6,317

5,773

Deferred income tax liabilities

189

295

Accrued postretirement benefits

523

534

Other long-term liabilities

298

284

Total liabilities

12,939

12,000

Commitments and contingencies

Shareholder’s equity

Common stock, no par value; unlimited number of shares authorized; 605,000,000 and
600,000,000 shares issued and outstanding as of December 31, 2025, and March 31, 2025,
respectively

Additional paid-in capital

1,823

1,108

Retained earnings

3,854

3,755

Accumulated other comprehensive loss

(385)

(358)

Total equity of our common shareholder

5,292

4,505

Noncontrolling interest

15

10

Total equity

5,307

4,515

Total liabilities and equity

$         18,246

$         16,515

 

Novelis Inc.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)

 

Nine Months Ended

December 31,

(in millions)

2025

2024

OPERATING ACTIVITIES

Net (loss) income

$               100

$               389

Adjustments to determine net cash provided by operating activities:

Depreciation and amortization

455

423

Loss (gain) on unrealized derivatives and other realized derivatives in investing activities, net

71

(17)

Loss on sale of assets, net

3

2

Non-cash restructuring and impairment charges

76

34

Loss on extinguishment of debt, net

3

Deferred income taxes, net

(20)

(26)

Equity in net loss (income) of non-consolidated affiliates

1

(2)

Loss (gain) on foreign exchange remeasurement of debt

18

(12)

Amortization of debt issuance costs and carrying value adjustments

11

10

Non-cash charges related to Sierre flooding

42

Non-cash charges related to Oswego fire

36

Other, net

4

Changes in assets and liabilities including assets and liabilities held for sale:

Accounts receivable

61

(221)

Inventories

(557)

(486)

Accounts payable

(253)

245

Other assets

(86)

(66)

Other liabilities

(9)

(56)

Net cash (used in) provided by operating activities

$               (90)

$               263

INVESTING ACTIVITIES

Capital expenditures

$          (1,577)

$          (1,175)

Proceeds from sales of assets, third party, net of transaction fees and hedging

1

Proceeds (outflows) from investment in and advances to non-consolidated affiliates, net

3

(9)

Outflows from the settlement of derivative instruments, net

(25)

(4)

Proceeds from insurance claims

36

Other

12

10

Net cash used in investing activities

$          (1,550)

$          (1,178)

FINANCING ACTIVITIES

Proceeds from issuance of long-term and short-term borrowings

$           1,458

$               268

Principal payments of long-term and short-term borrowings

(822)

(123)

Revolving credit facilities and other, net

89

262

Debt issuance costs

(25)

(3)

Proceeds from equity contribution from our common shareholder

750

Return of capital to our common shareholder

(35)

Net cash provided by financing activities

$           1,415

$               404

Net decrease in cash, cash equivalents and restricted cash

(225)

(511)

Effect of exchange rate changes on cash

14

(15)

Cash, cash equivalents and restricted cash — beginning of period

1,041

1,322

Cash, cash equivalents and restricted cash — end of period

$               830

$               796

Cash and cash equivalents

$               825

$               791

Restricted cash (included in other long-term assets)

5

5

Cash, cash equivalents and restricted cash — end of period

$               830

$               796

 

Reconciliation of Adjusted EBITDA to Net Income Attributable to our Common Shareholder (unaudited)

 

The following table reconciles Adjusted EBITDA, a non-GAAP financial measure, to net income attributable to our common shareholder.

 

Three Months Ended

December 31,

Nine Months Ended

December 31,

Year Ended

TTM Ended(1)

(in millions)

2025

2024

2025

2024

March 31,
2025

December 31,
2025

Net (loss) income attributable to our common shareholder

$       (160)

$         110

$          99

$           389

$           683

$           393

Net income attributable to noncontrolling interests

1

1

1

Income tax provision

4

39

115

150

159

124

Interest, net

62

61

187

192

252

247

Depreciation and amortization

155

142

455

423

575

607

EBITDA

$          62

$         352

$         857

$        1,154

$        1,669

$        1,372

Adjustment to reconcile proportional consolidation

$          12

$            9

$          39

$            34

$            47

$            52

Unrealized losses (gains) on change in fair value of derivative instruments, net

33

(18)

70

(34)

(57)

47

Realized (gains) losses on derivative instruments not included in Adjusted EBITDA

(1)

1

(7)

6

5

(8)

Loss on extinguishment of debt, net

3

7

10

Restructuring and impairment expenses, net(2)

20

6

136

46

53

143

Loss on sale or disposal of assets, net

3

2

4

5

Metal price lag

(126)

(324)

(14)

(69)

(379)

Sierre flood losses, net of recoveries(3)

2

5

10

106

105

9

September Oswego fire losses, net of recoveries(4)

300

321

321

November Oswego fire losses, net of recoveries(4)

27

27

27

Start-up costs(5)

12

25

25

Other, net

7

12

26

29

38

35

Adjusted EBITDA

$         348

$         367

$      1,186

$        1,329

$        1,802

$        1,659

____________________

(1)

The amounts in the TTM column are calculated by taking the amounts for the year ended March 31, 2025, subtracting the amounts for the nine months ended December 31, 2024, and adding the amounts for the nine months ended December 31, 2025.

(2)

Restructuring and impairment expenses, net for the three and nine months ended December 31, 2025 include $18 million and $129 million, respectively, related to the 2025 Efficiency Plan.

(3)

Sierre flood losses, net of recoveries relate to non-recurring non-operating charges from exceptional flooding at our Sierre, Switzerland plant in June 2024, caused by unprecedented heavy rainfall, net of the related property insurance recoveries.

(4)

September Oswego fire losses, net of recoveries and November Oswego fire losses, net of recoveries relate to non-recurring non-operating charges from two significant fires at our Oswego, New York plant.

(5)

Start-up costs are related to the construction of a rolling and recycling plant in Bay Minette, Alabama. All of these costs are included in Selling, general and administrative expenses.

 

The following table presents the calculation of Adjusted EBITDA per tonne.

 

Three Months Ended

December 31,

2025

2024

Adjusted EBITDA (in millions) (numerator)

$           348

$           367

Rolled product shipments (in kt) (denominator)

809

904

Adjusted EBITDA per tonne

$           430

$           406

 

Adjusted Free Cash Flow (unaudited)

 

The following table reconciles Adjusted Free Cash Flow and Adjusted Free Cash Flow, non-GAAP financial

measures, to net cash provided by operating activities – continuing operations.

 

Nine Months Ended

December 31,

 (in millions)

2025

2024

Net cash (used in) provided by operating activities(1)

$           (90)

$           263

Net cash used in investing activities(1)

(1,550)

(1,178)

Less: Proceeds from sales of assets and business, net of transaction fees, cash income taxes and hedging

(1)

Adjusted Free Cash Flow

$      (1,641)

$         (915)

_________________________

(1)

For the nine months ended December 31, 2025 and 2024, the Company did not have any cash flows from discontinued operations in operating activities or investing activities.

 

Net Leverage Ratio (unaudited)

 

The following table reconciles long-term debt, net of current portion to Adjusted Net Debt.

 

(in millions)

December 31,
2025

March 31,
2025

Long–term debt, net of current portion

$        6,317

$        5,773

Current portion of long-term debt

52

32

Short-term borrowings

592

348

Unamortized carrying value adjustments

68

59

Cash and cash equivalents

(825)

(1,036)

Adjusted Net Debt

$        6,204

$        5,176

 

The following table shows the calculation of the Net Leverage Ratio (in millions, except for the Net Leverage Ratio).

 

December 31,
2025

March 31,
2025

Adjusted Net Debt (numerator)

$        6,204

$        5,176

TTM Adjusted EBITDA (denominator)

$        1,659

$        1,802

Net Leverage Ratio

3.7

2.9

 

Reconciliation of Net Income Attributable to our Common Shareholder, Excluding Special Items to Net

Income Attributable to our Common Shareholder (unaudited)

 

The following table presents net income attributable to our common shareholder excluding special items, a non-

GAAP financial measure. We adjust for items which may recur in varying magnitude which affect the comparability of

the operational results of our underlying business.

 

Three Months Ended

December 31,

Nine Months Ended

December 31,

(in millions)

2025

2024

2025

2024

Net (loss) income attributable to our common shareholder

$         (160)

$           110

$            99

$           389

Special Items:

Loss on extinguishment of debt, net

3

Metal price lag

(126)

(324)

(14)

Restructuring and impairment expenses, net

20

6

136

46

Sierre flood losses, net of recoveries(1)

2

5

10

106

September Oswego fire losses, net of recoveries(2)

300

321

November Oswego fire losses, net of recoveries(2)

27

27

Start-up costs(3)

12

25

Tax effect on special items

(55)

(2)

(48)

(25)

Net income attributable to our common shareholder, excluding special items

$            20

$           119

$           249

$           502

_________________________

(1)

Sierre flood losses, net of recoveries relate to non-recurring non-operating charges from exceptional flooding at our Sierre, Switzerland plant in June 2024 caused by unprecedented heavy rainfall, net of the related property insurance recoveries.

(2)

September Oswego fire losses, net of recoveries and November Oswego fire losses, net of recoveries relate to non-recurring non-operating charges from two significant fires at our Oswego, New York plant.

(3)

Start-up costs are related to the construction of a rolling and recycling plant in Bay Minette, Alabama. All of these costs are included in Selling, general and administrative expenses.

 

Segment Information (unaudited)

 

The following tables present selected segment financial information (in millions, except shipments which are in kilotonnes).

 

Selected Operating Results

Three Months Ended December 31, 2025

North
America

Europe

Asia

South
America

Eliminations
and Other

Total

Adjusted EBITDA

$           94

$           78

$           48

$         130

$           (2)

$         348

Shipments (in kt)

Rolled products – third party

283

235

137

154

809

Rolled products – intersegment

27

52

16

(95)

Total rolled products

283

262

189

170

(95)

809

Selected Operating Results

Three Months Ended December 31, 2024

North
America

Europe

Asia

South
America

Eliminations
and Other

Total

Adjusted EBITDA

$         122

$           49

$           75

$         121

$           —

$         367

Shipments (in kt)

Rolled products – third party

360

225

154

165

904

Rolled products – intersegment

1

32

1

(34)

Total rolled products

360

226

186

166

(34)

904

Selected Operating Results

Nine Months Ended December 31, 2025

North
America

Europe

Asia

South
America

Eliminations
and Other

Total

Adjusted EBITDA

$         361

$         229

$         240

$         357

$           (1)

$      1,186

Shipments (in kt)

Rolled products – third party

1,041

757

471

444

2,713

Rolled products – intersegment

28

155

41

(224)

Total rolled products

1,041

785

626

485

(224)

2,713

Selected Operating Results

Nine Months Ended December 31, 2024

North
America

Europe

Asia

South
America

Eliminations
and Other

Total

Adjusted EBITDA

$         490

$         202

$         258

$         375

$             4

$      1,329

Shipments (in kt)

Rolled products – third party

1,143

719

472

466

2,800

Rolled products – intersegment

1

3

106

16

(126)

Total rolled products

1,144

722

578

482

(126)

2,800

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/novelis-reports-third-quarter-fiscal-year-2026-results-302685007.html

SOURCE Novelis Inc.

Novelis Reports Third Quarter Fiscal Year 2026 Results

Q3 Fiscal Year 2026 Highlights

  • Net loss attributable to our common shareholder of $160 million, compared to a net income of $110 million in the prior year, significantly impacted by Oswego, US, plant fires in September and November
  • Oswego production interruptions caused rolled product shipments to be an estimated 72 kilotonnes lower than expected, resulting in an estimated negative pre-tax $54 million impact on Adjusted EBITDA and Net loss; Net loss was additionally impacted by $327 million in pre-tax losses related to the fires
  • Adjusted EBITDA of $348 million, down 5% YoY, impacted by an estimated negative $54 million from the Oswego fires and $34 million from tariffs
  • Rolled product shipments of 809 kilotonnes, down 11% YoY
  • Adjusted EBITDA per tonne shipped of $430, up 6% YoY
  • Recovering from production disruption at Oswego; anticipate restarting the hot mill in late Q2 calendar year 2026
  • Received an equity contribution from its common shareholder in the amount of $750 million in December

ATLANTA, Feb. 11, 2026 /PRNewswire/ — Novelis Inc., a leading sustainable aluminum solutions provider and the world leader in aluminum rolling and recycling, today reported results for the third quarter of fiscal year 2026.

“Despite facing short-term capacity constraints due to the Oswego production disruption, our underlying performance remains strong, driven by our resilient business model, strategic investments in new capacity, effective cost management initiatives, and favorable market conditions—particularly in the beverage packaging sector, our largest product end market,” said Steve Fisher, president and CEO, Novelis Inc. “Cost efficiencies and favorable recycling benefits contributed to a 6% year-over-year increase in Adjusted EBITDA per tonne to $430 in the third quarter, even after absorbing tariffs and the impact of the Oswego fires, highlighting the robustness of our core business.”

Third Quarter Fiscal Year 2026 Financial Highlights

Net sales for the third quarter of fiscal year 2026 increased 3% versus the prior year period to $4.2 billion, mainly driven by higher average aluminum prices, partially offset by an 11% decrease in total rolled product shipments to 809 kilotonnes. Lower shipments to the automotive, beverage packaging and specialties markets were primarily driven by an estimated 72 kilotonne negative shipment impact related to the Oswego production disruption, partially offset by higher aerospace shipments.

Net income attributable to our common shareholder was a loss of $160 million in the third quarter of fiscal year 2026, compared to a net income of $110 million in the prior year period. The decrease was due primarily to the Oswego production disruption and $327 million in pre-tax net losses related to the Oswego fires, as well as unrealized losses on derivatives in the current year compared to gains in the prior year, partially offset by favorable metal price lag resulting from rising average local market aluminum premiums. Adjusted EBITDA decreased 5% year-over-year to $348 million in the third quarter of fiscal year 2026, impacted by an estimated negative $54 million resulting from production interruptions at Oswego and $34 million from tariffs. Partially offsetting these factors were lower aluminum scrap input prices, higher product pricing and savings from our cost efficiency actions. 

Net cash used in operating activities was an outflow of $90 million in the first nine months of fiscal year 2026, compared to a net cash inflow $263 million in the prior year period, largely related to impacts from the Oswego fires. Adjusted free cash flow was an outflow of $1,641 million in the first nine months of fiscal year 2026, compared to the prior year period outflow of $915 million, impacted by an estimated negative $485 million related to the Oswego fires. The decrease in free cash flow was also partially due to a 34% increase in total capital expenditures to $1,577 million for the first nine months of fiscal year 2026, mainly for strategic investments in new capacity under construction, most notably in the U.S. for the Company’s greenfield rolling and recycling plant in Bay Minette, Alabama.

“Despite the challenges posed by the Oswego fires, we continue to demonstrate disciplined execution of cost efficiency initiatives and cash flow management, as reflected in our underlying performance,” said Dev Ahuja, executive vice president and CFO, Novelis Inc. “The equity infusion from our parent company highlights their support and confidence in Novelis, helping us navigate a difficult but temporary situation.”

The Company had a net leverage ratio (Adjusted Net Debt / trailing twelve months (TTM) Adjusted EBITDA) of 3.7x at the end of the third quarter of fiscal year 2026. Total liquidity stood at $2.6 billion as of December 31, 2025, consisting of $825 million in cash and cash equivalents and $1.7 billion in availability under committed credit facilities. In December, the Company received an equity contribution from its common shareholder in the amount of $750 million.

Update on September and November Fires at Oswego Plant

On September 16, a fire broke out at the Novelis plant in Oswego, New York. On November 20, a second significant fire occurred at the Oswego plant in a location where repair work from the September fire was taking place. Everyone working at the plant was safely evacuated and there were no injuries to employees, contractors or first responders during either event. Both fire events were contained to the hot mill area and did not impact the rest of the plant.

“We are aggressively leveraging our global footprint and third-party sources to overcome capacity constraints while we simultaneously restore the Oswego plant,” said Fisher. “Based on work to-date, we expect to restart the Oswego hot mill late in the second quarter of calendar 2026.”

Third Quarter Fiscal Year 2026 Earnings Conference Call

Novelis will discuss its third quarter fiscal year 2026 results via a live webcast and conference call for investors at 7:00 a.m. EST/5:30 p.m. IST on Wednesday, February 11, 2026. The webcast link, presentation materials and access information can also be found at novelis.com/investors. To view slides and listen to the live webcast, visit: https://event.choruscall.com/mediaframe/webcast.html?webcastid=EgugP4UQ. To participate by telephone, participants are requested to register at: https://services.incommconferencing.com/DiamondPassRegistration/register?confirmationNumber=13758269&linkSecurityString=1ea08ffd35.

About Novelis

Novelis Inc. is driven by its purpose of shaping a sustainable world together. We are a global leader in the production of innovative aluminum products and solutions and the world’s largest recycler of aluminum. Our ambition is to be the leading provider of low-carbon, sustainable aluminum solutions and to achieve a fully circular economy by partnering with our suppliers, as well as our customers in the aerospace, automotive, beverage packaging and specialties industries throughout North America, Europe, Asia and South America. Novelis had net sales of $17.1 billion in fiscal year 2025. Novelis is a subsidiary of Hindalco Industries Limited, an industry leader in aluminum and copper, and the metals flagship company of the Aditya Birla Group, a multinational conglomerate based in Mumbai. For more information, visit novelis.com. 

Non-GAAP Financial Measures

This news release and the presentation slides for the earnings call contain non-GAAP financial measures as defined by SEC rules. We believe these measures are helpful to investors in measuring our financial performance and liquidity and comparing our performance to our peers. However, our non-GAAP financial measures may not be comparable to similarly titled non-GAAP financial measures used by other companies. These non-GAAP financial measures have limitations as an analytical tool and should not be considered in isolation or as a substitute for GAAP financial measures. To the extent we discuss any non-GAAP financial measures on the earnings call, a reconciliation of each measure to the most directly comparable GAAP measure will be available in the presentation slides, which can be found at novelis.com/investors. In addition, the Form 8-K includes a more detailed description of each of these non-GAAP financial measures, together with a discussion of the usefulness and purpose of such measures.

Attached to this news release are tables showing the condensed consolidated statements of operations, condensed consolidated balance sheets, condensed consolidated statements of cash flows, reconciliation of Adjusted EBITDA, Adjusted EBITDA per Tonne, Adjusted Free Cash Flow, Adjusted Net Leverage Ratio, Net Income attributable to our common shareholder excluding Special Items, and segment information.

Forward-Looking Statements

Statements made in this news release which describe Novelis’ intentions, expectations, beliefs or predictions may be forward-looking within the meaning of securities laws. Forward-looking statements include statements preceded by, followed by, or including the words “believes,” “expects,” “anticipates,” “plans,” “estimates,” “projects,” “forecasts,” or similar expressions. Examples of forward-looking statements in this news release are: our anticipation of resuming operations at the Oswego hot mill late in the second quarter of calendar 2026, that the liquidity effects related to the Oswego fires are expected to be temporary, and that we are well positioned to sustain long-term growth. Novelis cautions that, by their nature, forward-looking statements involve risk and uncertainty and Novelis’ actual results could differ materially from those expressed or implied in such statements. We do not intend, and we disclaim any obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Factors that could cause actual results or outcomes to differ from the results expressed or implied by forward-looking statements include, among other things: unplanned disruptions at our operating facilities, disruptions or changes in the business or financial condition of our significant customers or the loss of their business or reduction in their requirements; impact of changes in trade policies, new tariffs, duties and other trade measures; price and other forms of competition from other aluminum rolled products producers and potential new market entrants; the competitiveness of our end-markets, and the willingness of our customer to accept substitutes for our products, including steel, plastics, composite materials and glass; our failure to realize the anticipated benefits of strategic investments; increases in the cost or volatility in the availability of primary aluminum, scrap aluminum, sheet ingot, or other raw materials used in the production of our products; risks related to the energy-intensive nature of our operations, including increases to energy costs or disruptions to our energy supplies; downturns in the automotive and ground transportation industries or changes in consumer demand; union disputes and other employee relations issues; the impact of labor disputes and strikes on our customers; loss of our key management and other personnel, or an inability to attract and retain such management and other personnel; unplanned disruptions at our operating facilities, including as a result of adverse weather phenomena or fires; economic uncertainty, capital markets disruption and supply chain interruptions; unexpected impact of public health crises on our business, suppliers, and customers; risks relating to certain joint ventures, subsidiaries and assets that we do not entirely control; risks related to fluctuations in freight costs; risks related to rising inflation and prolonged periods of elevated interest rates; risks related to timing differences between the prices we pay under purchase contracts and metal prices we charge our customers; a deterioration of our financial condition, a downgrade of our ratings by a credit rating agency or other factors which could limit our ability to enter into, or increase our costs of, financing and hedging transactions; risk of rising debt service obligations related to variable rate indebtedness; adverse changes in currency exchange rates; our inability to transact in derivative instruments, or our inability to adequately hedge our exposure to price fluctuations under derivative instruments, or a failure of counterparties to our derivative instruments to honor their agreement; an adverse decline in the liability discount rate, lower-than-expected investment return on pension assets; impairments to our goodwill, other intangible assets, and other long-lived assets; tax expense, tax liabilities or tax compliance costs; risks related to the operating and financial restrictions imposed on us by the covenants in our credit facilities and the indentures governing our Senior Notes; cybersecurity attacks against, disruptions, failures or security breaches and other disruptions to our information technology networks and systems; risks of failing to comply with federal, state and foreign laws and regulations and industry standards relating to privacy, data protection, advertising and consumer protection; our inability to protect our intellectual property, the confidentiality of our know-how, trade secrets, technology, and other proprietary information; risks related to our global operations, including the impact of complex and stringent laws and government regulations; risks related to global climate change, including legal, regulatory or market responses to such change; risks related to a broad range of environmental, health and safety laws and regulations; and risks related to potential legal proceedings or investigations. The above list of factors is not exhaustive. Other important factors are discussed under the captions “Risk Factors” and “Management’s Discussion and Analysis” in our Annual Report on Form 10-K for the fiscal year ended March 31, 2025 and as the same may be updated from time to time in our quarterly reports on Form 10-Q, or in other reports which we from time to time file with the SEC.

Novelis Inc.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)

 

Three Months Ended

December 31,

Nine Months Ended

December 31,

(in millions)

2025

2024

2025

2024

Net sales

$        4,186

$        4,080

$      13,647

$      12,562

Cost of goods sold (exclusive of depreciation and amortization)

3,513

3,516

11,617

10,607

Selling, general and administrative expenses

177

179

525

543

Depreciation and amortization

155

142

455

423

Interest expense and amortization of debt issuance costs

66

66

201

210

Research and development expenses

22

25

68

75

Loss on extinguishment of debt, net

3

Restructuring and impairment expenses, net

20

6

136

46

Equity in net loss (income) of non-consolidated affiliates

7

1

1

(2)

Other expenses (income), net

381

(4)

426

121

4,341

3,931

13,432

12,023

(Loss) income before income tax provision

(155)

149

215

539

Income tax provision

4

39

115

150

Net (loss) income

(159)

110

100

389

Net income attributable to noncontrolling interest

1

1

Net (loss) income attributable to our common shareholder

$         (160)

$           110

$            99

$           389

 

Novelis Inc.

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)

 

(in millions, except number of shares)

December 31,
2025

March 31,
2025

ASSETS

Current assets:

Cash and cash equivalents

$               825

$           1,036

Accounts receivable, net

— third parties (net of allowance for uncollectible accounts of $7 as of December 31, 2025,
and March 31, 2025) 

2,017

2,073

— related parties

176

136

Inventories

3,703

3,054

Prepaid expenses and other current assets

302

234

Fair value of derivative instruments

109

176

Assets held for sale

19

6

Total current assets

7,151

6,715

Property, plant and equipment, net

8,118

6,851

Goodwill

1,080

1,074

Intangible assets, net

458

509

Investment in and advances to non–consolidated affiliates

981

912

Deferred income tax assets

166

188

Other long-term assets

— third parties

287

263

— related parties

5

3

Total assets

$         18,246

$         16,515

LIABILITIES AND SHAREHOLDER’S EQUITY

Current liabilities:

Current portion of long-term debt

$                 52

$                 32

Short-term borrowings

592

348

Accounts payable

— third parties

3,548

3,687

— related parties

325

275

Fair value of derivative instruments

378

106

Liabilities held for sale

13

Accrued expenses and other current liabilities

704

666

Total current liabilities

5,612

5,114

Long-term debt, net of current portion

6,317

5,773

Deferred income tax liabilities

189

295

Accrued postretirement benefits

523

534

Other long-term liabilities

298

284

Total liabilities

12,939

12,000

Commitments and contingencies

Shareholder’s equity

Common stock, no par value; unlimited number of shares authorized; 605,000,000 and
600,000,000 shares issued and outstanding as of December 31, 2025, and March 31, 2025,
respectively

Additional paid-in capital

1,823

1,108

Retained earnings

3,854

3,755

Accumulated other comprehensive loss

(385)

(358)

Total equity of our common shareholder

5,292

4,505

Noncontrolling interest

15

10

Total equity

5,307

4,515

Total liabilities and equity

$         18,246

$         16,515

 

Novelis Inc.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)

 

Nine Months Ended

December 31,

(in millions)

2025

2024

OPERATING ACTIVITIES

Net (loss) income

$               100

$               389

Adjustments to determine net cash provided by operating activities:

Depreciation and amortization

455

423

Loss (gain) on unrealized derivatives and other realized derivatives in investing activities, net

71

(17)

Loss on sale of assets, net

3

2

Non-cash restructuring and impairment charges

76

34

Loss on extinguishment of debt, net

3

Deferred income taxes, net

(20)

(26)

Equity in net loss (income) of non-consolidated affiliates

1

(2)

Loss (gain) on foreign exchange remeasurement of debt

18

(12)

Amortization of debt issuance costs and carrying value adjustments

11

10

Non-cash charges related to Sierre flooding

42

Non-cash charges related to Oswego fire

36

Other, net

4

Changes in assets and liabilities including assets and liabilities held for sale:

Accounts receivable

61

(221)

Inventories

(557)

(486)

Accounts payable

(253)

245

Other assets

(86)

(66)

Other liabilities

(9)

(56)

Net cash (used in) provided by operating activities

$               (90)

$               263

INVESTING ACTIVITIES

Capital expenditures

$          (1,577)

$          (1,175)

Proceeds from sales of assets, third party, net of transaction fees and hedging

1

Proceeds (outflows) from investment in and advances to non-consolidated affiliates, net

3

(9)

Outflows from the settlement of derivative instruments, net

(25)

(4)

Proceeds from insurance claims

36

Other

12

10

Net cash used in investing activities

$          (1,550)

$          (1,178)

FINANCING ACTIVITIES

Proceeds from issuance of long-term and short-term borrowings

$           1,458

$               268

Principal payments of long-term and short-term borrowings

(822)

(123)

Revolving credit facilities and other, net

89

262

Debt issuance costs

(25)

(3)

Proceeds from equity contribution from our common shareholder

750

Return of capital to our common shareholder

(35)

Net cash provided by financing activities

$           1,415

$               404

Net decrease in cash, cash equivalents and restricted cash

(225)

(511)

Effect of exchange rate changes on cash

14

(15)

Cash, cash equivalents and restricted cash — beginning of period

1,041

1,322

Cash, cash equivalents and restricted cash — end of period

$               830

$               796

Cash and cash equivalents

$               825

$               791

Restricted cash (included in other long-term assets)

5

5

Cash, cash equivalents and restricted cash — end of period

$               830

$               796

 

Reconciliation of Adjusted EBITDA to Net Income Attributable to our Common Shareholder (unaudited)

 

The following table reconciles Adjusted EBITDA, a non-GAAP financial measure, to net income attributable to our common shareholder.

 

Three Months Ended

December 31,

Nine Months Ended

December 31,

Year Ended

TTM Ended(1)

(in millions)

2025

2024

2025

2024

March 31,
2025

December 31,
2025

Net (loss) income attributable to our common shareholder

$       (160)

$         110

$          99

$           389

$           683

$           393

Net income attributable to noncontrolling interests

1

1

1

Income tax provision

4

39

115

150

159

124

Interest, net

62

61

187

192

252

247

Depreciation and amortization

155

142

455

423

575

607

EBITDA

$          62

$         352

$         857

$        1,154

$        1,669

$        1,372

Adjustment to reconcile proportional consolidation

$          12

$            9

$          39

$            34

$            47

$            52

Unrealized losses (gains) on change in fair value of derivative instruments, net

33

(18)

70

(34)

(57)

47

Realized (gains) losses on derivative instruments not included in Adjusted EBITDA

(1)

1

(7)

6

5

(8)

Loss on extinguishment of debt, net

3

7

10

Restructuring and impairment expenses, net(2)

20

6

136

46

53

143

Loss on sale or disposal of assets, net

3

2

4

5

Metal price lag

(126)

(324)

(14)

(69)

(379)

Sierre flood losses, net of recoveries(3)

2

5

10

106

105

9

September Oswego fire losses, net of recoveries(4)

300

321

321

November Oswego fire losses, net of recoveries(4)

27

27

27

Start-up costs(5)

12

25

25

Other, net

7

12

26

29

38

35

Adjusted EBITDA

$         348

$         367

$      1,186

$        1,329

$        1,802

$        1,659

____________________

(1)

The amounts in the TTM column are calculated by taking the amounts for the year ended March 31, 2025, subtracting the amounts for the nine months ended December 31, 2024, and adding the amounts for the nine months ended December 31, 2025.

(2)

Restructuring and impairment expenses, net for the three and nine months ended December 31, 2025 include $18 million and $129 million, respectively, related to the 2025 Efficiency Plan.

(3)

Sierre flood losses, net of recoveries relate to non-recurring non-operating charges from exceptional flooding at our Sierre, Switzerland plant in June 2024, caused by unprecedented heavy rainfall, net of the related property insurance recoveries.

(4)

September Oswego fire losses, net of recoveries and November Oswego fire losses, net of recoveries relate to non-recurring non-operating charges from two significant fires at our Oswego, New York plant.

(5)

Start-up costs are related to the construction of a rolling and recycling plant in Bay Minette, Alabama. All of these costs are included in Selling, general and administrative expenses.

 

The following table presents the calculation of Adjusted EBITDA per tonne.

 

Three Months Ended

December 31,

2025

2024

Adjusted EBITDA (in millions) (numerator)

$           348

$           367

Rolled product shipments (in kt) (denominator)

809

904

Adjusted EBITDA per tonne

$           430

$           406

 

Adjusted Free Cash Flow (unaudited)

 

The following table reconciles Adjusted Free Cash Flow and Adjusted Free Cash Flow, non-GAAP financial

measures, to net cash provided by operating activities – continuing operations.

 

Nine Months Ended

December 31,

 (in millions)

2025

2024

Net cash (used in) provided by operating activities(1)

$           (90)

$           263

Net cash used in investing activities(1)

(1,550)

(1,178)

Less: Proceeds from sales of assets and business, net of transaction fees, cash income taxes and hedging

(1)

Adjusted Free Cash Flow

$      (1,641)

$         (915)

_________________________

(1)

For the nine months ended December 31, 2025 and 2024, the Company did not have any cash flows from discontinued operations in operating activities or investing activities.

 

Net Leverage Ratio (unaudited)

 

The following table reconciles long-term debt, net of current portion to Adjusted Net Debt.

 

(in millions)

December 31,
2025

March 31,
2025

Long–term debt, net of current portion

$        6,317

$        5,773

Current portion of long-term debt

52

32

Short-term borrowings

592

348

Unamortized carrying value adjustments

68

59

Cash and cash equivalents

(825)

(1,036)

Adjusted Net Debt

$        6,204

$        5,176

 

The following table shows the calculation of the Net Leverage Ratio (in millions, except for the Net Leverage Ratio).

 

December 31,
2025

March 31,
2025

Adjusted Net Debt (numerator)

$        6,204

$        5,176

TTM Adjusted EBITDA (denominator)

$        1,659

$        1,802

Net Leverage Ratio

3.7

2.9

 

Reconciliation of Net Income Attributable to our Common Shareholder, Excluding Special Items to Net

Income Attributable to our Common Shareholder (unaudited)

 

The following table presents net income attributable to our common shareholder excluding special items, a non-

GAAP financial measure. We adjust for items which may recur in varying magnitude which affect the comparability of

the operational results of our underlying business.

 

Three Months Ended

December 31,

Nine Months Ended

December 31,

(in millions)

2025

2024

2025

2024

Net (loss) income attributable to our common shareholder

$         (160)

$           110

$            99

$           389

Special Items:

Loss on extinguishment of debt, net

3

Metal price lag

(126)

(324)

(14)

Restructuring and impairment expenses, net

20

6

136

46

Sierre flood losses, net of recoveries(1)

2

5

10

106

September Oswego fire losses, net of recoveries(2)

300

321

November Oswego fire losses, net of recoveries(2)

27

27

Start-up costs(3)

12

25

Tax effect on special items

(55)

(2)

(48)

(25)

Net income attributable to our common shareholder, excluding special items

$            20

$           119

$           249

$           502

_________________________

(1)

Sierre flood losses, net of recoveries relate to non-recurring non-operating charges from exceptional flooding at our Sierre, Switzerland plant in June 2024 caused by unprecedented heavy rainfall, net of the related property insurance recoveries.

(2)

September Oswego fire losses, net of recoveries and November Oswego fire losses, net of recoveries relate to non-recurring non-operating charges from two significant fires at our Oswego, New York plant.

(3)

Start-up costs are related to the construction of a rolling and recycling plant in Bay Minette, Alabama. All of these costs are included in Selling, general and administrative expenses.

 

Segment Information (unaudited)

 

The following tables present selected segment financial information (in millions, except shipments which are in kilotonnes).

 

Selected Operating Results

Three Months Ended December 31, 2025

North
America

Europe

Asia

South
America

Eliminations
and Other

Total

Adjusted EBITDA

$           94

$           78

$           48

$         130

$           (2)

$         348

Shipments (in kt)

Rolled products – third party

283

235

137

154

809

Rolled products – intersegment

27

52

16

(95)

Total rolled products

283

262

189

170

(95)

809

Selected Operating Results

Three Months Ended December 31, 2024

North
America

Europe

Asia

South
America

Eliminations
and Other

Total

Adjusted EBITDA

$         122

$           49

$           75

$         121

$           —

$         367

Shipments (in kt)

Rolled products – third party

360

225

154

165

904

Rolled products – intersegment

1

32

1

(34)

Total rolled products

360

226

186

166

(34)

904

Selected Operating Results

Nine Months Ended December 31, 2025

North
America

Europe

Asia

South
America

Eliminations
and Other

Total

Adjusted EBITDA

$         361

$         229

$         240

$         357

$           (1)

$      1,186

Shipments (in kt)

Rolled products – third party

1,041

757

471

444

2,713

Rolled products – intersegment

28

155

41

(224)

Total rolled products

1,041

785

626

485

(224)

2,713

Selected Operating Results

Nine Months Ended December 31, 2024

North
America

Europe

Asia

South
America

Eliminations
and Other

Total

Adjusted EBITDA

$         490

$         202

$         258

$         375

$             4

$      1,329

Shipments (in kt)

Rolled products – third party

1,143

719

472

466

2,800

Rolled products – intersegment

1

3

106

16

(126)

Total rolled products

1,144

722

578

482

(126)

2,800

 

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SOURCE Novelis Inc.

CenterPoint Energy acts on customer and community feedback and launches new Community Progress Tracker map providing local views of resiliency grid upgrades and improvements across Greater Houston

Greater Houston Resiliency Initiative improvements delivered since August 2024 are available and visible in one online location

New tool allows customers in 12-county area to view more than 56,000 new storm resilient poles, more than 8,000 miles of tree-trimming and more than 500 new automation and intelligence devices delivered since August 1, 2024

HOUSTON, Feb. 11, 2026 /PRNewswire/ — As part of its ongoing commitment to transparency and keeping customers informed of the progress to strengthen the electric grid around Greater Houston, today CenterPoint Energy launched its new Community Progress Tracker. This new web-based, customer-focused map provides direct access to the public to track and measure progress on electric infrastructure upgrades on their street, in their neighborhood, or in their ZIP Code. All of the system upgrades that CenterPoint is making are critical to helping the company build and deliver the most resilient coastal grid in the nation.

The new Community Progress Tracker is part of CenterPoint’s broader Greater Houston Resiliency Initiative (GHRI) – a multi-year program to strengthen the electric grid and improve both reliability and resiliency in the face of increasingly severe weather events, while also improving customer communications. Through GHRI, CenterPoint is investing in a wide range of grid-hardening measures designed to reduce outage impacts and accelerate customer outage restoration.

“Our new Community Progress Tracker gives our customers a clear window into the work we’re doing in their local neighborhoods to improve their service and build a stronger and more resilient electric system,” said Tony Gardner, Chief Customer Officer at CenterPoint. “Whether they access it on their phones, tablets, laptops or desktops, our new tracker details all the different types of work we are doing and the critical upgrades we’ve made in their communities.”

Community Progress Tracker details
The new tool provides location-specific details on work completed to date as part of GHRI. This includes new more storm-resilient poles and equipment, undergrounded power lines, enhanced vegetation management, and advanced grid technologies, including automation devices that reduce the impact of outages. All these different scopes of GHRI upgrades are noted on the new tracker using colorful and easy-to-identify icons.

CenterPoint Energy Community Progress Tracker icons

While today the tracker visualizes all the upgrades and improvements that CenterPoint has delivered over the last 18 months, it will continue to evolve, and future features will soon allow customers to monitor projects underway and upcoming planned resiliency projects in their area. These future improvements will allow customers and the public to follow progress in given areas and better understand how these efforts contribute to a more reliable and resilient energy future.

Accessible via both desktop and mobile devices, the new Community Progress Tracker includes:

  • An interactive map of CenterPoint’s 12-county Greater Houston service area
  • Colorful and easy-to-view icons for locations of new poles, tree-trimming miles, automation devices, undergrounding, and weather stations
  • Zoom in and out functions
  • Searchability by street address or ZIP Code
  • Community and neighborhood-level visualization of work completed since August 1, 2024, including pole and equipment upgrades, tree trimming, undergrounding power lines and the installation of automation devices

GHRI Progress update
“Resiliency is at the heart of everything we’re doing,” added Jesus Soto Jr., Chief Operating Officer at CenterPoint. “From stronger poles and new automation to undergrounding to tree trimming, we’re taking a comprehensive and innovative approach to hardening our infrastructure and delivering Greater Houston’s electric system. Our goal is to build the most resilient coastal grid in the nation, and this tool will help our customers follow that journey and see the progress we are making in their communities.”

Since August 2024, as part of GHRI, CenterPoint has:

  • Installed or replaced more than 56,000 utility poles, including high-strength composite models engineered to better withstand extreme wind conditions;
  • Undergrounded more than 430 miles of power lines to reduce exposure to storm-related damage;
  • Trimmed or cleared vegetation along more than 8,000 miles of distribution lines in higher-risk areas;
  • Installed more than 500 automation and intelligence devices to help reduce outage impacts and improve service restoration times; and
  • Deployed 1,500 advanced weather stations since April 2025 to enhance situational awareness and storm preparedness.

How to access
To explore the Community Progress Tracker, visit CenterPointEnergy.com/Progress. A short “how-to” video is also available to help customers navigate the tool can be found here: LINK

About CenterPoint Energy, Inc.
CenterPoint Energy, Inc. (NYSE: CNP) is a multi-state electric and natural gas delivery company serving approximately 7 million metered customers across Indiana, Minnesota, Ohio, and Texas. The company is headquartered in Houston and is the only Texas-domiciled investor-owned utility. As of September 30, 2025, the company had approximately $45 billion in assets. With approximately 8,300 employees, CenterPoint Energy and its predecessor companies have been serving customers for more than 150 years. For more information, visit CenterPointEnergy.com.

For more information, contact:
Media.Relations@CenterPointEnergy.com

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SOURCE CenterPoint Energy

Europe’s offshore gas industry hits new milestone with North Sea’s first ‘Grade A’ methane-certified gas project

LONDON, Feb. 11, 2026 /PRNewswire/ — Europe’s transition to offshore gas production with lower methane emissions has reached a new milestone. The Dutch-German N05-A gas development, operated by Netherlands-based exploration and production company ONE-Dyas, has become the first natural gas production project in the North Sea to be independently certified as meeting the highest grade under MiQ’s methane emissions standard.

The project has achieved a MiQ Grade A rating, following an independent audit of its operational practices and measured methane emissions data by Intertek, a global leader in Total Quality Assurance. This certification sets a new benchmark for lower-emissions gas production in Europe. MiQ provides a transparent, rigorous, data-driven grading system to assess natural gas based on methane performance, which helps drive regulatory compliance, incentivize continuous improvement, and demonstrate transparency around upstream methane emissions. For N05-A, Intertek’s independent audit verified both the project’s emissions data and the systems in place to manage methane as an accredited MiQ auditor.

Already adopted by producers including bp, ExxonMobil, Repsol, and EQT in the United States, MiQ’s Methane Emissions Performance Standard is based on a comprehensive and transparent assessment of operational practices and emissions performance. As the offtaker for this project, bp will market ONE-Dyas’ certified gas, targeting large gas buyers such as utilities and industrials.

N05-A is the first gas installation in the Dutch and German North Sea to be fully powered by renewable electricity. This is supplied via a nine-kilometre subsea power cable from the EWE-operated Riffgat offshore wind farm. By eliminating combustion-based power generation, the installation significantly reduces operational greenhouse gas emissions to near-zero. In addition, avoiding the use of gas-driven equipment eliminates methane slip and reduces venting and leaks, further lowering methane emissions.

Georges Tijbosch, Chief Executive Officer of MiQ, said: “The certification of N05-A highlights how innovative design and best-in-class operational practices can deliver meaningful methane emissions reductions. MiQ’s independent assessments provide governments, regulators, and end-users with trusted data that supports accountability and continuous improvement across the energy sector.”

N05-A forms part of the GEMS area in the North Sea, which holds up to 50 billion cubic metres of Dutch and German natural gas potential. By meeting the rigorous standards of MiQ certification, ONE-Dyas ensures that customers in The Netherlands and Germany can source natural gas with full confidence in its low methane environmental credentials.

Chris de Ruyter van Steveninck, CEO of ONE-Dyas, said: “With N05-A, we are not only delivering high-grade certification, we give customers verifiable assurance that this gas is produced with exceptionally low emissions. The mobile jack-up rig is also powered by that same energy source, to ensure electrified drilling. By combining innovative design with renewable power from the Riffgat wind farm, we demonstrate that domestic energy security and climate responsibility can go hand in hand. This certified gas shows what the future of cleaner, transparent and accountable gas production looks like in the energy transition.”

Image

A high resolution copy is available via this link: https://we.tl/t-mcWMd9uPo8
Credit: ONE-Dyas

About ONE-Dyas

ONE-Dyas is the largest privately owned Dutch exploration and production company and a frontrunner in efficient, low impact natural gas production in the North Sea. With a long history of pioneering energy solutions, ONE-Dyas plays an essential role in securing reliable local energy with the lowest carbon footprint. The flagship N05-A development, fully powered by offshore wind, sets a new benchmark for near zero emission offshore gas production.

About MiQ

MiQ is a global leader in methane emissions certification and data. Our mission is to accelerate the transition to lower emissions gas by providing a credible and transparent certification system that drives regulatory compliance, incentivizes continuous improvement, and ensures methane accountability in the oil and gas sector throughout the entire supply chain.

About bp

Visit bp.com.

About Intertek

Intertek is a leading Total Quality Assurance provider to industries worldwide. Our network of more than 1,000 laboratories and offices in more than 100 countries, delivers innovative and bespoke Assurance, Testing, Inspection and Certification solutions for our customers’ operations and supply chains. Intertek is a purpose-led company to Bring Quality, Safety and Sustainability to Life. We provide 24/7 mission-critical quality assurance solutions to our clients to ensure that they can operate with well-functioning supply chains in each of their operations. Our Customer Promise is: Intertek Total Quality Assurance expertise, delivered consistently, with precision, pace and passion, enabling our customers to power ahead safely. intertek.com

Photo – https://mma.prnewswire.com/media/2891401/MiQ.jpg
Logo – https://mma.prnewswire.com/media/2844499/MiQ_Logo.jpg

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/europes-offshore-gas-industry-hits-new-milestone-with-north-seas-first-grade-a-methane-certified-gas-project-302684814.html

SOURCE MiQ

Europe’s offshore gas industry hits new milestone with North Sea’s first ‘Grade A’ methane-certified gas project

LONDON, Feb. 11, 2026 /PRNewswire/ — Europe’s transition to offshore gas production with lower methane emissions has reached a new milestone. The Dutch-German N05-A gas development, operated by Netherlands-based exploration and production company ONE-Dyas, has become the first natural gas production project in the North Sea to be independently certified as meeting the highest grade under MiQ’s methane emissions standard.

The project has achieved a MiQ Grade A rating, following an independent audit of its operational practices and measured methane emissions data by Intertek, a global leader in Total Quality Assurance. This certification sets a new benchmark for lower-emissions gas production in Europe. MiQ provides a transparent, rigorous, data-driven grading system to assess natural gas based on methane performance, which helps drive regulatory compliance, incentivize continuous improvement, and demonstrate transparency around upstream methane emissions. For N05-A, Intertek’s independent audit verified both the project’s emissions data and the systems in place to manage methane as an accredited MiQ auditor.

Already adopted by producers including bp, ExxonMobil, Repsol, and EQT in the United States, MiQ’s Methane Emissions Performance Standard is based on a comprehensive and transparent assessment of operational practices and emissions performance. As the offtaker for this project, bp will market ONE-Dyas’ certified gas, targeting large gas buyers such as utilities and industrials.

N05-A is the first gas installation in the Dutch and German North Sea to be fully powered by renewable electricity. This is supplied via a nine-kilometre subsea power cable from the EWE-operated Riffgat offshore wind farm. By eliminating combustion-based power generation, the installation significantly reduces operational greenhouse gas emissions to near-zero. In addition, avoiding the use of gas-driven equipment eliminates methane slip and reduces venting and leaks, further lowering methane emissions.

Georges Tijbosch, Chief Executive Officer of MiQ, said: “The certification of N05-A highlights how innovative design and best-in-class operational practices can deliver meaningful methane emissions reductions. MiQ’s independent assessments provide governments, regulators, and end-users with trusted data that supports accountability and continuous improvement across the energy sector.”

N05-A forms part of the GEMS area in the North Sea, which holds up to 50 billion cubic metres of Dutch and German natural gas potential. By meeting the rigorous standards of MiQ certification, ONE-Dyas ensures that customers in The Netherlands and Germany can source natural gas with full confidence in its low methane environmental credentials.

Chris de Ruyter van Steveninck, CEO of ONE-Dyas, said: “With N05-A, we are not only delivering high-grade certification, we give customers verifiable assurance that this gas is produced with exceptionally low emissions. The mobile jack-up rig is also powered by that same energy source, to ensure electrified drilling. By combining innovative design with renewable power from the Riffgat wind farm, we demonstrate that domestic energy security and climate responsibility can go hand in hand. This certified gas shows what the future of cleaner, transparent and accountable gas production looks like in the energy transition.”

Image

A high resolution copy is available via this link: https://we.tl/t-mcWMd9uPo8
Credit: ONE-Dyas

About ONE-Dyas

ONE-Dyas is the largest privately owned Dutch exploration and production company and a frontrunner in efficient, low impact natural gas production in the North Sea. With a long history of pioneering energy solutions, ONE-Dyas plays an essential role in securing reliable local energy with the lowest carbon footprint. The flagship N05-A development, fully powered by offshore wind, sets a new benchmark for near zero emission offshore gas production.

About MiQ

MiQ is a global leader in methane emissions certification and data. Our mission is to accelerate the transition to lower emissions gas by providing a credible and transparent certification system that drives regulatory compliance, incentivizes continuous improvement, and ensures methane accountability in the oil and gas sector throughout the entire supply chain.

About bp

Visit bp.com.

About Intertek

Intertek is a leading Total Quality Assurance provider to industries worldwide. Our network of more than 1,000 laboratories and offices in more than 100 countries, delivers innovative and bespoke Assurance, Testing, Inspection and Certification solutions for our customers’ operations and supply chains. Intertek is a purpose-led company to Bring Quality, Safety and Sustainability to Life. We provide 24/7 mission-critical quality assurance solutions to our clients to ensure that they can operate with well-functioning supply chains in each of their operations. Our Customer Promise is: Intertek Total Quality Assurance expertise, delivered consistently, with precision, pace and passion, enabling our customers to power ahead safely. intertek.com

Photo – https://mma.prnewswire.com/media/2891401/MiQ.jpg
Logo – https://mma.prnewswire.com/media/2844499/MiQ_Logo.jpg

 

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SOURCE MiQ

Envision Energy Supports Sri Lanka’s Energy Transition as 50MW Mannar Wind Project Breaks Ground

MANNAR, Sri Lanka, Feb. 11, 2026 /PRNewswire/ — Envision Energy, a global leader in green technology, is supporting Sri Lanka’s clean energy transition as the 50MW Mannar Wind Power Project officially broke ground in the country’s northern Mannar region. The groundbreaking ceremony was presided over by Honourable Anura Kumara Dissanayake, President of Sri Lanka, highlighting the project’s strategic significance to the nation’s renewable energy ambitions.

Developed and invested by HayWind One Limited, a subsidiary of Sri Lanka ‘s leading conglomerate Hayleys PLC, the project is a key addition to Sri Lanka’s renewable energy portfolio. Envision Energy is supplying 10 EN-156/5.0MW wind turbines, delivering a total installed capacity of 50MW and generating approximately 207 million kWh of clean electricity annually. Designed to fully harness Mannar’s high and stable wind resources, the turbines feature a hub height of 110 meters, enabling higher energy yield and improved project economics. The project marks Envision Energy’s first utility-scale wind turbine order in Sri Lanka and is scheduled to be commissioned by March 2027, marking a significant milestone in its continued expansion across South Asia.

To address the region’s coastal climate with high salinity and humidity, Envision has delivered a customised high anti-corrosion solution to enhance turbine durability and long-term reliability. The company will also provide full-lifecycle operations and maintenance services, ensuring safe and efficient performance throughout the project’s 20-year design life.

Winston Xu, General Manager of Southeast Region at Envision Energy, said: “Sri Lanka holds a strategically important position in South Asia’s energy transition, with highly competitive wind resources. This project marks a key milestone for the country’s renewable energy development and Envision Energy’s continued expansion in the region. By combining proven wind technology, tailored solutions for complex coastal environments, and global delivery and service capabilities, we aim to deliver higher energy output, enhanced reliability, and long-term value to Sri Lanka’s national grid and communities.”

Hasith Prematillake, Managing Director of Hayleys Fentons Limited, the parent company of HayWind One Limited, stated: “This project is about powering the lives of Sri Lankans with clean, homegrown energy. By bringing Envision’s world-class technology to Sri Lanka for the first time, we are ensuring that the transition to green energy translates into more affordable electricity for people across the country. We hope this initiative will serve as a blueprint for future renewable energy projects in Sri Lanka.”

Mr. Roshane Perera, Director/CEO of Hayleys Solar, added: “We recognise that world-class technology such as Envision’s requires an equally world-class team to bring it to life. This is a significant undertaking, and we have mobilised our most experienced engineers and project managers to manage the complexities of the Mannar site. By applying our deep local expertise, we aim to ensure this infrastructure performs at its peak for decades. We are proud to demonstrate that Sri Lankan talent is fully capable of delivering renewable energy projects on a global scale.”

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/envision-energy-supports-sri-lankas-energy-transition-as-50mw-mannar-wind-project-breaks-ground-302684782.html

SOURCE Envision Energy

Envision Energy Supports Sri Lanka’s Energy Transition as 50MW Mannar Wind Project Breaks Ground

MANNAR, Sri Lanka, Feb. 11, 2026 /PRNewswire/ — Envision Energy, a global leader in green technology, is supporting Sri Lanka’s clean energy transition as the 50MW Mannar Wind Power Project officially broke ground in the country’s northern Mannar region. The groundbreaking ceremony was presided over by Honourable Anura Kumara Dissanayake, President of Sri Lanka, highlighting the project’s strategic significance to the nation’s renewable energy ambitions.

Developed and invested by HayWind One Limited, a subsidiary of Sri Lanka ‘s leading conglomerate Hayleys PLC, the project is a key addition to Sri Lanka’s renewable energy portfolio. Envision Energy is supplying 10 EN-156/5.0MW wind turbines, delivering a total installed capacity of 50MW and generating approximately 207 million kWh of clean electricity annually. Designed to fully harness Mannar’s high and stable wind resources, the turbines feature a hub height of 110 meters, enabling higher energy yield and improved project economics. The project marks Envision Energy’s first utility-scale wind turbine order in Sri Lanka and is scheduled to be commissioned by March 2027, marking a significant milestone in its continued expansion across South Asia.

To address the region’s coastal climate with high salinity and humidity, Envision has delivered a customised high anti-corrosion solution to enhance turbine durability and long-term reliability. The company will also provide full-lifecycle operations and maintenance services, ensuring safe and efficient performance throughout the project’s 20-year design life.

Winston Xu, General Manager of Southeast Region at Envision Energy, said: “Sri Lanka holds a strategically important position in South Asia’s energy transition, with highly competitive wind resources. This project marks a key milestone for the country’s renewable energy development and Envision Energy’s continued expansion in the region. By combining proven wind technology, tailored solutions for complex coastal environments, and global delivery and service capabilities, we aim to deliver higher energy output, enhanced reliability, and long-term value to Sri Lanka’s national grid and communities.”

Hasith Prematillake, Managing Director of Hayleys Fentons Limited, the parent company of HayWind One Limited, stated: “This project is about powering the lives of Sri Lankans with clean, homegrown energy. By bringing Envision’s world-class technology to Sri Lanka for the first time, we are ensuring that the transition to green energy translates into more affordable electricity for people across the country. We hope this initiative will serve as a blueprint for future renewable energy projects in Sri Lanka.”

Mr. Roshane Perera, Director/CEO of Hayleys Solar, added: “We recognise that world-class technology such as Envision’s requires an equally world-class team to bring it to life. This is a significant undertaking, and we have mobilised our most experienced engineers and project managers to manage the complexities of the Mannar site. By applying our deep local expertise, we aim to ensure this infrastructure performs at its peak for decades. We are proud to demonstrate that Sri Lankan talent is fully capable of delivering renewable energy projects on a global scale.”

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/envision-energy-supports-sri-lankas-energy-transition-as-50mw-mannar-wind-project-breaks-ground-302684782.html

SOURCE Envision Energy

Envision Energy Supports Sri Lanka’s Energy Transition as 50MW Mannar Wind Project Breaks Ground

MANNAR, Sri Lanka, Feb. 11, 2026 /PRNewswire/ — Envision Energy, a global leader in green technology, is supporting Sri Lanka’s clean energy transition as the 50MW Mannar Wind Power Project officially broke ground in the country’s northern Mannar region. The groundbreaking ceremony was presided over by Honourable Anura Kumara Dissanayake, President of Sri Lanka, highlighting the project’s strategic significance to the nation’s renewable energy ambitions.

Developed and invested by HayWind One Limited, a subsidiary of Sri Lanka ‘s leading conglomerate Hayleys PLC, the project is a key addition to Sri Lanka’s renewable energy portfolio. Envision Energy is supplying 10 EN-156/5.0MW wind turbines, delivering a total installed capacity of 50MW and generating approximately 207 million kWh of clean electricity annually. Designed to fully harness Mannar’s high and stable wind resources, the turbines feature a hub height of 110 meters, enabling higher energy yield and improved project economics. The project marks Envision Energy’s first utility-scale wind turbine order in Sri Lanka and is scheduled to be commissioned by March 2027, marking a significant milestone in its continued expansion across South Asia.

To address the region’s coastal climate with high salinity and humidity, Envision has delivered a customised high anti-corrosion solution to enhance turbine durability and long-term reliability. The company will also provide full-lifecycle operations and maintenance services, ensuring safe and efficient performance throughout the project’s 20-year design life.

Winston Xu, General Manager of Southeast Region at Envision Energy, said: “Sri Lanka holds a strategically important position in South Asia’s energy transition, with highly competitive wind resources. This project marks a key milestone for the country’s renewable energy development and Envision Energy’s continued expansion in the region. By combining proven wind technology, tailored solutions for complex coastal environments, and global delivery and service capabilities, we aim to deliver higher energy output, enhanced reliability, and long-term value to Sri Lanka’s national grid and communities.”

Hasith Prematillake, Managing Director of Hayleys Fentons Limited, the parent company of HayWind One Limited, stated: “This project is about powering the lives of Sri Lankans with clean, homegrown energy. By bringing Envision’s world-class technology to Sri Lanka for the first time, we are ensuring that the transition to green energy translates into more affordable electricity for people across the country. We hope this initiative will serve as a blueprint for future renewable energy projects in Sri Lanka.”

Mr. Roshane Perera, Director/CEO of Hayleys Solar, added: “We recognise that world-class technology such as Envision’s requires an equally world-class team to bring it to life. This is a significant undertaking, and we have mobilised our most experienced engineers and project managers to manage the complexities of the Mannar site. By applying our deep local expertise, we aim to ensure this infrastructure performs at its peak for decades. We are proud to demonstrate that Sri Lankan talent is fully capable of delivering renewable energy projects on a global scale.”

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/envision-energy-supports-sri-lankas-energy-transition-as-50mw-mannar-wind-project-breaks-ground-302684782.html

SOURCE Envision Energy

Elevated Style Meets Modern Power in the Next Generation 2027 Toyota Highlander

  • Highlander Reimagined for 2027, with All-New, Head-Turning Style, Elevated Comfort, and All-Electric Powertrain
  • Spacious Three-Row SUV with Seating for Up to Seven and Over 45-Cubic Feet of Rear Storage with Third Row Folded Flat
  • Equipped with The Latest Toyota Audio Multimedia and Toyota Safety Sense Systems
  • Assembled in the U.S. at Toyota Motor Manufacturing Kentucky
  • Battery Modules Assembled at the Newly Opened Toyota Battery Manufacturing North Carolina (TBMNC) Battery Plant and Partner Supplier in the U.S.
  • Vehicle-To-Load Technology, Making Highlander Capable of Powering External Devices or Serving as a Backup Power Source in Case of Emergency (Purchase of Bi-Directional Accessories Required)
  • Fourth BEV in the U.S. Toyota Lineup and Toyota’s First Three-Row BEV Model in the U.S.
  • Two Grades, Limited or XLE, with Available Front- or All-Wheel Drive
  • XLE AWD and Limited AWD Models Equipped with 95.8-kWh Battery Have 320-Mile Manufacturer Estimated Total Driving Range Rating*
  • Equipped with North American Charging System (NACS) Port for Wide Access to Thousands of DC Fast Charging Stations in the U.S.
  • Powerful Drive with up to 338 Combined System Horsepower and 323 lb.-ft. of Torque

OJAI, Calif., Feb. 10, 2026 /PRNewswire/ — Striking style, everyday versatility, and battery electric efficiency, that’s the all-new 2027 Highlander. With a stunning new look inside and out, and seating for up to seven, the latest Highlander is the all-electric Toyota built to carry the whole crew. It is also Toyota’s first three‑row battery‑electric vehicle (BEV) for the U.S. market and the first BEV assembled in America.

“This new Highlander is designed to be a stylish, high-tech leader in the midsize SUV segment,” said David Christ, group vice president of marketing for Toyota. “Its sleek new look, spacious interior, and cutting‑edge technology, make it a great addition to Toyota’s growing lineup of BEV’s.” 

The new Highlander’s modern new look features clean lines, broad fenders, full-length LED daytime running lights, and flush door handles for an aerodynamic appeal. Inside, a tech-forward cabin with a large 14-inch touchscreen, 12.3-inch driver’s display, customizable ambient lighting, and ample device charging in every row give it comfort and convenience. It will also have an available fixed glass panoramic roof that will be the largest in the Toyota lineup, adding an open, bright feeling to the cabin.

The 2027 Highlander will have a Battery Electric powertrain standard and be available in two grades, the well-appointed XLE or the top-of-the-line Limited. The XLE grade will be available in front- or electronic all-wheel drive (FWD or AWD); XLE FWD models will have a 77.0-kWh battery, standard; XLE AWD models will have a choice of 77.0-kWh or 95.8-kWh battery. The Limited grade will have AWD and 95.8-kWh battery, standard. AWD equipped models will also have features like Multi-Terrain Select and Crawl Control. All grades will have the latest in safety and entertainment, with Toyota Safety Sense 4.0 (TSS 4.0) and Toyota Audio Multimedia, standard.

Designed to provide a comfortable space for the whole crew, the 2027 Highlander has a spacious interior with three-row seating for up to seven when equipped with an available bench seat. Its cabin has an elevated feel, with standard SofTex®-trimmed seating, soft-touch materials on the dash and doors, and customizable interior lighting to set the mood. Heated front seats come standard, with ventilated front seats and heated second row seats available. When extra space is required, the third-row folds flat for a rear cargo area with more than 45 cubic feet of storage.

At the forefront of technology, the new Highlander can also serve as a mobile power source with vehicle-to-load (V2L) technology, a first for a Toyota model sold in the United States. This technology can potentially power appliances, like at a tailgate party, or serve as a power backup at home in case of an outage. It also complements Toyota’s Charge Assist and ECO Charge features, which are designed to give Highlander the capability to charge during lower-rate times or when energy may be created from renewable resources. Additional details on these capabilities and accessories will be available at a later date.

A standout characteristic of BEV’s is their fun-to-drive nature, thanks to a low center of gravity and the instant torque that electric motors can deliver. So, Toyota engineers focused on designing an all-electric Highlander that is both efficient and powerful. “Our goal with the new Highlander was to develop a BEV that fits customers’ lives and brings a smile to their faces with sharp acceleration feel and a quiet ride,” said Highlander chief engineer Yoshinori Futonagane. To accomplish that aim, the new Highlander has 338 net combined system horsepower and a satisfying 323 lb.-ft. max torque on AWD equipped models. FWD equipped models have 221 net combined system horsepower and 198 lb.-ft. max torque.

The 2027 Highlander joins the Toyota bZ, bZ Woodland, and C-HR models as the fourth BEV in Toyota’s lineup. Altogether, Toyota will soon offer 22 different models equipped with electrified powertrains. The 2027 Highlander will be assembled in the United States at Toyota’s manufacturing facility in Georgetown, Kentucky, with batteries sourced in America from Toyota’s newly opened 13.9-billion-dollar battery assembly plant in Liberty, North Carolina and a supplier partner. Sales of the new Highlander are expected to begin in late 2026, continuing into early 2027; Manufacturer’s Suggested Retail Pricing (MSRP) will be announced closer to on-sale date.

*Estimate only. Actual range will vary depending on weather, driving style, and other factors.

Highlander Through the Years

The Toyota Highlander has been an integral part of many families’ lives for more than 25 years. First revealed at the New York International Auto Show in April 2000, the first-generation 2001 Toyota Highlander used a modified version of the same unibody platform used on the Toyota Camry. At the time, this innovation set it apart from other SUVs since a body-on-frame design was the norm for trucks and sport utility vehicles. As Toyota’s first step into the midsize unibody SUV category, the Highlander had good road manners, a spacious interior, and rugged style that was appealing to customers.

The Highlander Hybrid model was revealed in 2005 for the 2006 model year and was the Toyota brand’s first hybrid-powered SUV. Additionally, it was the second Toyota model after the Prius to offer a hybrid powertrain. The model quickly earned honors, like an “Automotive Excellence” award from Popular Mechanics in 2006 and a “Top Pick” from Consumer Reports in the Midsize SUV category in 2007.  

The Second-Generation Highlander was introduced soon thereafter and featured a more refined exterior design, improved interior materials, and advanced safety features like a rearview camera and an optional navigation system. It was also the first generation assembled in the U.S., with Highlanders first rolling off the line at Toyota Motor Manufacturing Indiana (TMMI) in Princeton, Indiana in 2009.  

Over the years, the Highlander evolved in size and style and took on a refined crossover SUV appearance. The third-generation model, revealed in 2013, brought a more aggressive design and a suite of active safety technologies and advanced driver-assistance features that included Toyota Safety Sense. The fourth-generation model was revealed in 2019 with a more spacious interior, an upgraded hybrid powertrain, and accentuated body lines along the doors and fenders. The 2027 model kicks off the model’s fifth generation and carries forward Highlander’s push to continually evolve its style, everyday usability, elevated comfort, and efficiency.

Distinctive Design

When Toyota designers and engineers set out to reinvent Highlander as a battery electric vehicle, they wanted to make a model that captured a sense of sophisticated adventure. To achieve this, they coined the term “Best Experience Vehicle” with a focus on building a new Highlander that helps support efficient, safe and comfortable travel for the family.

“Our design mission was to create a new Highlander that pursued the robust proportions of an SUV while also capturing the sophisticated, high-tech aspects of all-electric performance,” said Chief Designer Masayuki Yamada. “To accomplish that goal, we designed a model that balanced aerodynamics, interior space, and capability so it is equally suited for elegant urban or outdoor enthusiast lifestyles.”

The 2027 Highlander is built on a modified Toyota Next Generation Architecture-K (TNGA-K) platform that was newly developed to house Highlander’s high-capacity battery and maximize passenger space. The platform also uses underfloor covers on the front and back end to benefit underfloor airflow as well as front and rear spats to minimize air turbulence generated around the tires. Measures taken to minimize noise and vibration include noise absorbing material on the front and rear door trim, front pillar, wheel wells, roof, and underfloor. Acoustic glass on the front windshield and front side glass is also used.

Toyota’s designers also changed the proportions of Highlander to achieve a modern look and confident stance by lowering its overall height and increasing its width and wheelbase. The overall height of 67.3 inches lowers the roofline by 0.8 inch versus the outgoing model; overall width increased to 78.3 inches for an added 2.3 inches; and the wheelbase becomes 120.1 inches, up from 112 inches. Altogether, the new exterior dimensions allowed designers to give the model a planted, agile appearance, with the wheels set closer to the corners, while also maximizing interior space.  

From the front, the new Highlander emphasizes Toyota’s signature hammerhead design with the use of slim daytime running lights (DRL) that are housed separately from the main headlights. The linear-shaped DRL is integrated into the vehicle’s front end for a look that evokes strength and simplicity with broad surfaces, a thick sweptback grill, and geometric bumper corners that encompass the headlamps for a modern impression.

The sophisticated appeal continues along the side of the vehicle. The new Highlander’s profile sweeps rearward from the front end through a sleek, tapered cabin with large windows. Its front and rear end have broad fenders that exude confidence and drivability. Along the side, smooth door panels complement the broad fenders to emphasize its robust image and semi-flush door handles with a newly adopted electronic latch, a rear spoiler that is smoothly integrated into the rear pillar, and black painted window trim that gives it a simple-yet-refined style.

Available exterior paint colors on the new Highlander further its expressive nature. Single tone colors include the all-new Spellbound, along with Wind Chill Pearl, Heavy Metal, Everest, Reservoir Blue, and Midnight Black Metallic. Two tone paint combinations are also available, pairing Spellbound, Wind Chill Pearl, Heavy Metal, or Everest with a black roof. Interior colors are clean and modern, with Black, Portobello, and an all-new Misty Gray available.

Elevated Interior

On the inside, the all-new Highlander aims to create a comfortable cabin by giving it an open feeling, refined comfort, and tech-forward design. The cockpit is driver-focused and centers around an LED digital gauge cluster with customizable settings, temperature controls with adjustability via hard buttons, and a large slim bezel touchscreen. A Head Up Display (HUD) is available. Ambient lighting is standard, with 64 different color choices to set the perfect mood for a night out on the town. It is also thoughtfully integrated into the Safe Exit Assist system with ambient lights on the doors that will flash in case of an issue.

Seating is made of durable materials and stylish patterns that add beauty to the interior. All grades will have new-look SofTex-trimmed seating with heated first row seating standard. The Limited grade adds unique textured patterns, front seat ventilation function, and second row heat. Second-row captain’s chairs come standard, with an available bench seat for the XLE AWD grade. The third-row seat provides ample room for two adults and is easily accessible via an electronically assisted one-touch fold button on the second-row seats.

The interior space is thoughtfully fashioned to help maximize usability. The center console has a standard dual Qi wireless charging tray that is cleverly angled to prevent slipping and is trimmed in a synthetic-suede material. The USB-C chargers are also located throughout the cabin, with ports located on the rear of the front seats for second row passengers and on the rear window ledges for the third row. Rear HVAC controls, accessible on the rear of the center console, are easily within reach for second row passengers. Rear window shades are also available for a more private sense of space.

Storage is also cleverly designed. The multi-function center console features a small item storage tray, cup holders, and an under-tray storage, with the console storage box providing an additional place for valuables. Storage slots for tablets and/or phones in the standard second row console, and third row cupholders provide thoughtful places for passengers to stash electronics. Ample cup holders are placed throughout, with 18 total locations. A standard hands-free power liftgate provides easy access to the rear cargo area. When extra storage is required, folding the third-row flat is as simple as pulling a lever on the rear seats.

Electrifying Efficiency

Within the 2027 Highlander lineup, customers will be able to choose from driving range and battery options that best fit their needs, options include:

  • XLE FWD with 77.0-kWh battery with a manufacturer-estimated 287-mile total driving range rating*
  • XLE AWD with 77.0-kWh battery with a manufacturer-estimated 270-mile total driving range rating*
  • XLE AWD with 95.8 -kWh battery with a manufacturer-estimated 320-mile total driving range rating*
  • Limited AWD with 95.8 -kWh battery with a manufacturer-estimated 320-mile total driving range rating*

It will have a standard North American Charging System (NACS) port that is compatible with thousands of Level 3 DC charging stations nationwide. Under ideal conditions when using DC fast charging, it is capable of charging from 10% to 80% battery capacity in around 30 minutes.  For added charging flexibility, it will also have Level 1 and Level 2 AC charging; a dual-voltage 120V/240V charging cable is included.

A Battery Preconditioning feature is also equipped**. This system is designed to bring the battery to an optimal temperature for DC fast charging, which can enable faster charging.

This feature can be activated manually using system settings or can be automatically activated through an active Drive Connect trial or subscription by setting the navigation system to a fast-charging station**. It will also have Plug & Charge*** capability, an industry standard protocol that allows automatic identification, authentication, and authorization on selected charging networks, reducing the need for multiple mobile charging applications.

*Estimate only. Actual range will vary depending on weather, driving style and other factors.
**Battery Preconditioning automatic activation function requires an active Drive Connect trial or subscription. 3-year trial included. 5G network dependent.
***Plug & Charge requires an Active Remote Connect trial or subscription. 3-year trial included. 5G network dependent.

Advanced Technology

The 2027 Highlander also receives the latest-generation Toyota Audio Multimedia. Developed in North America in partnership with Toyota Motor North America and Toyota Connected North America, the updated infotainment system features AT&T 5G network connectivity and an intuitive, smartphone-like design that offers customizable widgets on its new home screen. It also has enhanced embedded Voice Assistant functions that enable faster responses to “Hey Toyota” prompts. 

Paired with the touchscreen display, the Toyota Audio Multimedia system will provide customers with choice thanks to standard wireless Apple CarPlay® and Android Auto™ compatibility, and simultaneous dual Bluetooth® phone connectivity. To read the full news release about the latest Toyota Audio Multimedia system, click here

The new system also has enhanced entertainment with the introduction of SiriusXM® with 360L® and newly available integrated streaming with Spotify® (separate subscriptions required). The native turn-by-turn navigation now displays full screen on the digital gauge cluster, a first for Toyota Audio Multimedia.

The 2027 Highlander also has a standard built-in Drive Recorder, a dashcam-style feature that utilizes the vehicle’s exterior cameras to capture 20-second clips of both manual and triggered events when operating.  

The 2027 Highlander also comes with a host of Connected Services* trials that include Drive Connect with Intelligent Assistant, Cloud Navigation with 3D Maps and Destination Assist; Safety Connect and Service Connect. Customers can also use the Toyota mobile application to stay connected to their Highlander with Remote Connect**, which also enables remote charging capabilities to check charging status, start/stop charging when the vehicle is already plugged in and even edit charging schedules The Toyota app also provides an easy-to-use map to find charging station locations near you or along your route, making it easier than ever for customers to managing their charging needs. 

*All trials begin on the purchase or lease date of new vehicle with the exception of Wi-Fi Connect for which trial begins at time of activation.
**Active trial or subscription required. 5G network dependent.

Safety & Convenience

The 2027 Toyota Highlander comes with the recently updated Toyota Safety Sense (TSS 4.0) system. The new version of Toyota’s standard active safety suite and convenience technologies brings updates to its hardware and detection capabilities and has the following features: 

  • Pre-Collision System with Pedestrian Detection (PCS w/PD) is designed to help detect a vehicle, pedestrian, bicyclist or motorcyclist and provide an audio/visual forward-collision warning under certain circumstances. If you don’t react, the system is designed to provide automatic emergency braking.  
  • Full-Speed Range Dynamic Radar Cruise Control (DRCC) is an adaptive cruise control system that is designed to be set at speeds above 20 mph. DRCC uses vehicle-to-vehicle distance control to help maintain a preset distance from the vehicle ahead. 
  • Lane Departure Alert with Steering Assist (LDA w/SA) detects lane markings or the road’s edge at speeds above 30 mph. LDA w/SA is designed to provide an audible/visual warning if an inadvertent lane departure is detected. If no corrective action is taken, Steering Assist is designed to provide gentle corrective steering for lane-keeping assistance. 
  • Automatic High Beams (AHB) are designed to detect headlights of oncoming vehicles and taillights of preceding vehicles. AHB automatically toggles between high and low beams as appropriate. 
  • Lane Tracing Assist (LTA) is designed to help keep the vehicle in the center of a lane. LTA assists the driver with steering control while DRCC is in use.
  • Road Sign Assist (RSA) uses the forward-facing camera to recognize specific road signs such as speed limits and stop signs. RSA provides road sign information to the driver via the Multi-Information Display.
  • Proactive Driving Assist (PDA) uses the vehicle’s camera and radar, when system operating conditions are met, to provide gentle braking and/or steering to support driving tasks such as distance control between your vehicle and a preceding vehicle 

In addition to TSS 4.0, the 2027 Highlander is equipped with Toyota’s Star Safety System, which includes Enhanced Vehicle Stability Control (VSC), Traction Control (TRAC), Electronic Brake-force Distribution (EBD), Brake Assist (BA), Anti-lock Braking System (ABS) and Smart Stop Technology (SST). Front and Rear Parking Assist with Automatic Braking (PKSB) is also standard.  Other available convenience technologies include Panoramic View Monitor and Advanced Park. 

The 2027 Highlander also has great standard convenience features like a rear seat reminder system, backup camera with dynamic gridlines, smart key with push button start, Blind Spot Monitor with Rear Cross-Traffic Alert, Tire Pressure Monitor System (TPMS) with direct pressure read-out and individual tire location alert, and Hill Start Assist Control. 

Two Well-Equipped Grades

The 2027 Toyota Highlander will be available in two grades, with great features across the lineup, select standard features include:

     XLE Grade

  • Full-width LED DRL
  • Front acoustic glass
  • 19-inch wheel with full aero cap
  • Semi-flush electronic door handles
  • 14-inch touchscreen with Toyota Audio Multimedia
  • 6-speaker audio system
  • 12.3-inch digital gauge cluster
  • 64-color customizable ambient lighting
  • SofTex-trimmed seating
  • Heated front seats and steering wheel
  • Second row seats with 1-touch fold
  • Paddle shifters with regenerative braking
  • NACS charging port for DC fast charging compatibility
  • 11-kW onboard AC charger
  • 120V/240V dual-voltage charging cable
  • TSS 4.0
  • Drive recorder

     Limited Grade (adds to or replaces XLE features)

  • Side view mirrors with memory and reverse tilt function
  • Head up display
  • Ventilated front seats
  • Heated second row seats
  • Rear sunshades
  • Advanced Park
  • Traffic Jam Assist*
  • Panoramic View Monitor
  • Lane Change Assist
  • Front Cross Traffic Alert

*Requires an active Drive Connect trial or subscription. 5G network dependent.

Select available features include:

  • Bench seating (XLE AWD only)
  • Panoramic roof (All Grades)
  • JBL® Premium Audio system with 11 speakers, subwoofer and amplifier (XLE AWD and Limited)
  • Two-tone paint (Limited)
  • 22-inch wheels (Limited)

Key Specifications

Grades

XLE, Limited

Available Drivetrains

XLE: FWD/AWD

Limited: AWD

Powertrain

Battery Electric

Available Battery/Range Options & Manufacturer
Estimated Total Driving Range Ratings

•   XLE FWD with 77.0-kWh battery with a manufacturer-
    estimated 287-mile total driving range rating*

•   XLE AWD with 77.0-kWh battery with a manufacturer-
    estimated 270-mile total driving range rating*

•   XLE AWD with 95.8 -kWh battery with a manufacturer-
    estimated 320-mile total driving range rating*

•   Limited AWD with 95.8 -kWh battery with a manufacturer-
    estimated 320-mile total driving range rating*

Horsepower (Total System Output)

XLE FWD: 221 hp

XLE AWD: 338 hp

Limited AWD: 338 hp

Torque

XLE FWD: 198 lb.-ft.

XLE AWD: 323 lb.-ft.

Limited AWD: 323 lb.-ft.

Dimensions

Overall Length

198.8-in.

Overall Width

78.3-in.

Overall Height

67.3-in.

Wheelbase

120.1-in.

Cargo Volume (3rd row folded down)

45.6 -ft3

Cargo Volume (3rd row up)

15.9-ft3

*Manufacturer-estimated total driving range ratings. Mileage will vary for many reasons 

Limited Warranty

Toyota’s 36-month/36,000-mile basic new-vehicle warranty applies to all components other than normal wear and maintenance items. Additional 60-month warranties cover the powertrain for 60,000 miles and corrosion with no mileage limitation. The Electric Vehicle Driving Components, including the traction battery, are covered for 8 years or 100,000 miles, whichever comes first. Toyota dealers have complete details on the limited warranty.

The 2027 Toyota Highlander also comes with ToyotaCare, a plan covering normal factory-scheduled maintenance, for 1 year or 10,000 miles, whichever comes first, and 24/7 Roadside Assistance for 2 years/unlimited mileage. ToyotaCare valid only in the continental U.S.; Roadside Assistance valid in continental U.S., Hawaii and Canada. See Toyota dealer for details and exclusions.

About Toyota

Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. for nearly 70 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our nearly 1,500 dealerships.

Toyota directly employs nearly 48,000 people in the U.S. who have contributed to the design, engineering, and assembly of more than 35 million cars and trucks at our 11 manufacturing plants. In 2025, Toyota’s plant in North Carolina began to assemble automotive batteries for electrified vehicles.

For more information about Toyota, visit www.ToyotaNewsroom.com.

MEDIA CONTACT
Paul Hogard
paul.hogard@toyota.com
469-292-6791

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SOURCE Toyota Motor North America