36090499 2025-01-01 2025-12-31 36090499 2025-01-01 2025-12-31 1 36090499 2025-01-01 2025-12-31 1 36090499 2025-01-01 2025-12-31 2 36090499 2025-01-01 2025-12-31 3 36090499 2025-01-01 2025-12-31 1 36090499 2024-01-01 2024-12-31 36090499 2025-12-31 36090499 2024-12-31 36090499 2025-01-01 c:ContributedCapitalMember 36090499 2025-01-01 c:RetainedEarningsMember 36090499 2025-01-01 2025-12-31 c:RetainedEarningsMember 36090499 2025-12-31 c:ContributedCapitalMember 36090499 2025-12-31 c:RetainedEarningsMember 36090499 2025-01-01 c:FixturesFittingsToolsAndEquipmentMember 36090499 2025-01-01 c:LeaseholdImprovementsMember 36090499 2025-01-01 2025-12-31 c:FixturesFittingsToolsAndEquipmentMember 36090499 2025-01-01 2025-12-31 c:LeaseholdImprovementsMember 36090499 2025-12-31 c:FixturesFittingsToolsAndEquipmentMember 36090499 2025-12-31 c:LeaseholdImprovementsMember 36090499 2025-01-01 c:DepositsLongtermInvestmentsAndReceivablesMember 36090499 2025-12-31 c:DepositsLongtermInvestmentsAndReceivablesMember iso4217:DKK xbrli:pure true BDO Statsautoriseret Revisionspartnerselskab Vestre Ringgade 28 DK-8000 Aarhus C 45719375 2026-06-29 Edoardo Marco Sirtori Årsrapport STMicroelectronics A/S Åbogade 15 8200 Aarhus N Den uafhængige revisors erklæring om udvidet gennemgang www.st.com 36090499 2014-09-09 Aarhus 2025-01-01 2025-12-31 2024-01-01 2024-12-31 BDO Statsautoriseret Revisionspartnerselskab Vestre Ringgade 28 8000 Aarhus C Today the Board of Directors and Executive Board have discussed and approved the Annual Report of STMicroelectronics A/S for the fi­nan­ci­al year 1 January  - 31 December 2025. The Annual Report is presented in accor­dance with the Da­nish Fi­nan­ci­al State­ments Act. In our opinion the Fi­nan­ci­al Sta­te­ments give a true and fair view of the Company's assets, liabilities and financial position at 31 December 2025 and of the results of the Company's operations for the fi­nan­ci­al year 1 January  - 31 December 2025. The Management Commentary includes in our opinion a fair presentation of the matters dealt with in the Commentary. We recommend the Annual Report be approved at the Annual General Meeting. Aarhus 2026-06-29 Andreas Brenner Edoardo Marco Sirtori Chairman Xavier Laurent Benoit Baraton Andreas Brenner To the Shareholder of STMicroelectronics A/S Konklusion We ha­ve per­for­med an extended review of the Fi­nan­ci­al Sta­te­ments of STMicroelectronics A/S for the fi­nan­ci­al year 1 January - 31 December 2025, which comprise income statement, Balance Sheet, sta­te­ment of chan­ges in e­qui­ty and no­tes, including a summary of significant accounting policies. The Fi­nan­ci­al Sta­te­ments are pre­pared under the Danish Financial State­ments Act.   Based on the work performed in our o­pi­ni­on, the Fi­nan­ci­al Sta­te­ments gi­ve a true and fair vi­ew of the Com­pa­ny's financial position at 31 December 2025 and of the results of the Com­pa­ny's operations for the fi­nan­ci­al year 1 January - 31 December 2025 in accordance with the Danish Financial Statements Act.   Basis for ConclusionGrundlag for konklusion We conducted our extended review in accordance with the Danish Business Authority's Assurance Standard for Small Enterprises and FSR – Danish Auditors' standard on extended review of Financial Statements prepared in accordance with the Danish Financial Statements Act. Our responsibilities under those standards and requirements are further described in the "Auditor's Responsibilities for the Extended Review of the Fi­nan­ci­al Sta­te­ments” section of our report. We are independent of the Com­pa­ny in accordance with the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (including International Independence Standards) (IESBA Code), together with the ethical requirements that are relevant to our audit of the Financial Statements in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We be­lie­ve that the e­vi­den­ce we ha­ve ob­tai­ned is suf­fi­ci­ent and ap­prop­ria­te to pro­vi­de a ba­sis for our con­clu­si­on.   Grundlag for konklusion Management's Re­spon­si­bi­li­ti­es for the Fi­nan­ci­al Sta­te­ments Management is responsible for the preparation of Fi­nan­ci­al Sta­te­ments that give a true and fair view in accordance with the Danish Financial Statements Act, and for such Internal control as Ma­na­ge­ment determines is necessary to enable the preparation of Fi­nan­ci­al Sta­te­ments that are free from material misstatement, whether due to fraud or error.   In preparing the Fi­nan­ci­al Sta­te­ments, Ma­na­ge­ment is responsible for assessing the Com­pa­ny's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing the Fi­nan­ci­al Sta­te­ments unless Management either intends to liquidate the Com­pa­ny or to cease operations, or has no realistic alternative but to do so.   Our responsibility is to express a conclusion on the Fi­nan­ci­al Sta­te­ments. This requires that we plan and perform procedures in order to obtain limited assurance for our conclusion on the Fi­nan­ci­al Sta­te­ments and in addition perform specifically required supplementary procedures to obtain further assurance for our conclusion.   An extended review comprises procedures that primarily consist of making inquiries of Ma­na­ge­ment and others within the Company, as appropriate, analytical procedures and the specifically required supplementary procedures as well as evaluation of the evidence obtained.   The procedures performed in an extended review are less than those performed in an audit, and accordingly, we do not express an audit opinion on the Fi­nan­ci­al Sta­te­ments.   Statement on the Management Commentary Management is responsible for the Ma­na­ge­ment Com­men­ta­ry.   Our conclusion on the Fi­nan­ci­al Sta­te­ments does not cover the Ma­na­ge­ment Com­men­ta­ry, and we do not express any form of assurance conclusion thereon.   In connection with our extended review of the Fi­nan­ci­al Sta­te­ments, our responsibility is to read the Ma­na­ge­ment Com­men­ta­ry and, in doing so, consider whether the Ma­na­ge­ment Com­men­ta­ry is materially inconsistent with the Fi­nan­ci­al Sta­te­ments or our knowledge obtained during the extended review, or otherwise appears to be materially misstated.   Moreover, it is our responsibility to consider whether the Ma­na­ge­ment Com­men­ta­ry provides the information required under the Danish Financial Statements Act.   Based on the work we have performed, we conclude that the Ma­na­ge­ment Com­men­ta­ry is in accordance with the Fi­nan­ci­al Sta­te­ments and has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement in the Ma­na­ge­ment Com­men­ta­ry.   Aarhus 2026-06-29 BDO Statsautoriseret Revisionspartnerselskab 45719375 Jonas Lund Jacobsen Den uafhængige revisors erklæring om udvidet gennemgang State Authorised Public Accountant mne46611 Principal activities The principal activities are designing and development of software services to affiliated companies’ semiconductor products.   Development in activities and financial and economic position The company's operations have remained stable during the year, and no significant changes have occurred in the nature of its activities.  The annual report have been prepared on the assumption that the company will continue as a going concern. Management has assessed that the company has adequate resources to continue its operations for at least 12 months from the balance sheet date, primarily through loan from the parent company. This assessment is based on the company’s current and projected liquidity position and budgets. Management is not aware of any conditions that would cast significant doubt on the company’s ability to continue as a going concern. Furthermore, management expects that the share capital will be restored through future operating profits. Based on this, the annual report for 2025 has been prepared under the going concern assumption. See note "Going concern assumptions" for further information. The management are pleased with development of company and the current strategy.   23344000 24672000 20992000 21637000 476000 345000 424000 423000 1452000 2267000 278000 205000 562000 5719000 1168000 -3247000 257000 10056000 911000 -13303000 911000 -13303000 911000 -13303000 602000 896000 522000 669000 1124000 1565000 543000 543000 543000 543000 1667000 2108000 0 6464000 226000 741000 34000 69000 260000 7274000 3068000 1932000 3328000 9206000 4995000 11314000 500000 500000 -16533000 -17444000 -16033000 -16944000 28000 28000 28000 28000 16008000 9725000 16008000 9725000 373000 241000 1741000 713000 257000 15152000 4992000 18505000 21000000 28230000 4995000 11314000 DKK '000Sha­re ca­pi­talRetained earningsTotal Equity at 1 January 2025500-17,444-16,944 Proposed profit allocation 911911 Equity at 31 December 2025500-16,533-16,033 500000 -17444000 911000 500000 -16533000 1 | Going concern assumptions The annual report have been prepared on the assumption that the company will continue as a going concern. Management has assessed that the company has adequate resources to continue its operations for at least 12 months from the balance sheet date, primarily through loan from the parent company. This assessment is based on the company’s current and projected liquidity position and budgets. Management is not aware of any conditions that would cast significant doubt on the company’s ability to continue as a going concern. Furthermore, management expects that the share capital will be restored through future operating profits. Based on this, the annual report for 2025 has been prepared under the going concern assumption. 20252024 DKK '000DKK '000 2 | Staff costs Ave­ra­ge num­ber of full ti­me em­ploy­ees2527 Wages and salaries 17,80118,467 Pensions 2,8592,907 Social security costs 318256 Other staff costs 147 20,99221,637 25 27 17801000 18467000 2859000 2907000 318000 256000 14000 7000 20992000 21637000 3 | Other financial expenses Interest expenses to group enterprises 322396 Other interest expenses 2405,323 5625,719 322000 396000 240000 5323000 562000 5719000 257000 401000 0 9630000 0 25000 5 | Property, plant and equipment DKK '000Other plant, fixtures and equipmentLeasehold improvements Cost at 1 January 2025 1,9311,165 Additions 370 Cost at 31 December 2025 1,9681,165   Depreciation and impairment losses at 1 January 2025 1,036496 Depreciation for the year 330147 Depreciation and impairment losses at 31 December 2025 1,366643 Carrying amount at 31 December 2025602522 1931000 1165000 37000 0 1968000 1165000 1036000 496000 330000 147000 1366000 643000 602000 522000 6 | Financial non-current assets DKK '000Rent deposit and other receivables Cost at 1 January 2025 543Cost at 31 December 2025 543  Carrying amount at 31 December 2025543 543000 543000 543000 7 | Long-term liabilities 31/12 2025RepaymentDebt outstanding31/12 2024DKK '000total liabilitiesnext yearafter 5 yearstotal liabilities Payables to group enterprises 16,008016,0089,725 16,008016,0089,725 16008 Contingent liabilities The company has signed a rental contract with a obligations with non-terminable period, which expires on October 14, 2028, with an additional 12 months resignation notice. The total contingent liabilities as of the balance sheet date amount to: 6,375 6375000 The Annual Report of STMicroelectronics A/S for 2025 has been presented in accor­dance with the pro­vi­sions of the Da­nish Fi­nan­ci­al State­ments Act for en­ter­pri­ses in re­por­ting class B and cer­tain pro­vi­si­ons ap­ply­ing to re­por­ting class C.  Regnskabsklasse B1truetrueThe Annual Report is prepared consistently with the accounting principles applied last year.   Regnskabsklasse B true Net revenue Sale of services is generally recognised on the basis of a measurable degree of completion, using straight-line recognition of services delivered over time in a regular pattern. Where the degree of completion is not measurable or the sales value or the total costs of completion are uncertain, revenue is recognised by the amount that the enterprise as a maximum believes to have a right to claim and is expected to be received for services delivered at the Balance Sheet date.   Net revenue is recognised exclusive of VAT and less duties and discounts related to the sale.   Other operating income Other operating income includes items of a secondary nature in relation to the enterprises' principal activities, including profit from sale of intangible assets and property, plant and equipment, operating loss and conflict compensations, as well as salary refunds. Compensations are recognised when the income is estimated to be realisable.    Other external expenses Other external expenses include other production, sales, delivery and administrative costs, including costs of energy, marketing, premises, loss on bad debts, lease expenses, etc   Staff costs Staff costs comprise wages and salaries, including holiday pay and pensions, and other costs of social security etc., for the Com­pa­ny's employees.   Other operating expenses Other operating expenses include items of a secondary nature in relation to the Group’s and the Company’s activities. Losses from sale of intangible assets and property, plant and equipment are also included.   Financial income and expenses Financial income and expenses include interest income and expenses, realised and unrealised gains and losses arising from securities, debt and transactions in foreign currencies, as well as charges and allowances under the tax-on-account scheme, etc. Financial income and expenses are recognised by the amounts that relate to the financial year. Interest income and expenses are calculated on amortised cost prices.   Tax The tax for the year, which consists of the current tax for the year and changes in deferred tax, is recognised in the Income Statement by the share that may be attributed to the profit for the year, and is recognised directly in equity by the share that may be attributed to entries directly to equity.   Property, plant and equipment Land and buildings, production plant and machinery, other plant, fixtures and equipment are measured at cost less accumulated depreciation and impairment losses.   The depreciation base is cost less estimated residual value after end of useful life.   The cost includes the acquisition price and costs incurred directly in connection with the acquisition until the time when the asset is ready to be used.    Straight-line depreciation is provided on the basis of an assessment of the expected useful lives of the assets and their residual value:   Useful lifeOther plant, fixtures and equipment 2-5 years Leasehold improvements 3-10 years  Profit or loss on sale of property, plant and equipment is stated as the difference between the sales price less selling costs and the carrying amount at the date of sale. Profit or loss is recognised in the Income Statement as other operating income or other operating expenses.   Financial non-current assets Deposits include rental deposits which are recognised and measured at cost. Deposits are not depreciated.   Impairment of fixed assets The carrying amount of pro­per­ty, plant and equip­ment to­get­her with fi­xed as­sets, which are not mea­su­red at fair va­lue,, are assessed annually for indications of impairment other than that reflected by amortisation and depreciation.   In the event of impairment indications, an impairment test is made for each asset or group of assets, respectively. If the recoverable amount is lower than the carrying amount, the asset is written down to the recoverable amount.   The recoverable amount is calculated at the higher of the capital value and the sales value less expected costs of a sale. The capital value is determined as the Company's share in the current value of the net cash flows which the subsidiary is expected to generate through its activities and from sale of assets after the end of their useful lives. A discount rate is used which reflects the risk-free market rate and the owners' minimum return on interest requirements for similar assets. The growth rate in the terminal period is determined in accordance with the standards within the industry.   Receivables Receivables are measured at amortised cost which usually corresponds to nominal value. The value is written down to meet expected losses.   Write-off is performed to provide for losses when an objective indication has been assessed to have incurred that a receivable or a portfolio of receivables are impaired. If there is an objective indication that an individual receivable is impaired, the write-off is performed at individual level.   Receivables for which there are no objective indication of impairment at individual level are assessed at portfolio level for objective indication of impairment. The portfolios are primarily based on the debtors’ registered office and credit rating in accordance with the Company’s policy for credit risk management. The objective indicators, which are applied for portfolios, are determined based on the historical loss experiences.   Write-off is determined as the difference between the carrying amount of receivables and the present value of the expected cash flows, including realisable value of any received collaterals. The effective interest rate is used as discount rate for the single receivable or portfolio.   Accruals, assets Accruals recognised as assets include costs incur­red relating to the subsequent financial year.   Tax payable and deferred tax Current tax liabilities and receivable current tax are recognised in the Balance Sheet as the calculated tax on the taxable income for the year, ad­justed for tax on the taxable income for previous years and taxes paid on account.   Deferred tax is measured on the temporary dif­ferences between the carrying amount and the tax value of assets and liabilities.   Deferred tax assets, including the tax value of tax loss carryforwards, are measured at the amount at which the asset is expected to be used within a reasonable number of years, either by setoff against tax on future earnings or by setoff against deferred tax liabilities within the same legal tax entity.   Deferred tax is measured on the basis of the tax rules and tax rates that under the legislation in force on the Balance Sheet date will be ap­pli­cable when the deferred tax is expected to crystallise as current tax. Any changes in the deferred tax resulting from changes in tax rates, are recognised in the income statement, except from items recognised directly in equity.   Liabilities Financial liabilities are recognised at the time of borrowing by the amount of proceeds received less transaction costs. In subsequent periods, the financial liabilities are measured at amortised cost equal to the capitalised value when using the effective interest, the difference between the proceeds and the nominal value being recog­nised in the Income Statement over the loan period.   The amortised cost of current liabilities corresponds usually to the nominal value.   Foreign currency translation Transactions in foreign currencies are translated at the rate of exchange on the transaction date. Exchange differences arising between the rate on the transaction date and the rate on the payment date are recognised in the Income Statement as a financial income or expense. Receivables, payables and other monetary items in foreign currencies that are not settled on the Balance Sheet date are translated at the exchange rate on the Balance Sheet date. The difference between the exchange rate on the Balance Sheet date and the exchange rate at the date when the receivables or payables come into existence recognised in the Income Statement as financial income or expenses. Fixed assets acquired in foreign currencies are translated at the rate of exchange on the transaction date.