Company: GFS
Filing Date: 2025-11-12
Form Type: 6-K
Source: 0001709048-25-000071
Chunk: 36

Company: GLOBALFOUNDRIES Inc.
Filing Date: 2025-11-12
Form: 6-K
Chunk 36
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51 |     | $    | -50 |     | $      | 101 |     |          | 202.0 | % |

Income tax expense decreased by $45 million for the three months ended September 30, 2025 compared to the three months ended September 30, 2024, primarily due to $184 million of tax benefit from recognition of German deferred tax assets that are no longer contingent. This benefit was partially offset by $86 million tax expense from the revaluation of Singapore deferred taxes, $22 million related to Singapore incentive tax rate adjustments and full recognition of Germany statutory taxes, and $27 million in tax expense due to exchange rate impacts on certain non-monetary assets in Germany.

Income tax expense decreased by $101 million for the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024, primarily due to $193 million of tax benefit from recognition of German deferred tax assets that are no longer contingent and $49 million tax benefit related to exchange rate changes on the base of certain non-monetary assets in Germany. These favorable impacts were partially offset by $86 million tax expense related to the revaluation of Singapore deferred tax and $50 million tax expense from Singapore incentive tax rate adjustments and full recognition of German statutory taxes without valuation allowance.

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#### GLOBALFOUNDRIES INC.

### B. Liquidity and Capital Resources
We have historically financed operations primarily through cash and cash equivalents and marketable securities, as well as cash generated from our business operations, including prepayments under long term agreements ("LTAs"), debt, government grants and advanced manufacturing investment tax credits. As of September 30, 2025, our cash, cash equivalents and marketable securities balances of approximately $4.2 billion included $2.0 billion cash and cash equivalents and approximately $2.2 billion of marketable securities.

As of September 30, 2025 and December 31, 2024, we had an undrawn revolving credit facility of $1.0 billion. In addition to our available revolver, we had $1.2 billion and $1.8 billion of debt outstanding as of September 30, 2025 and December 31, 2024, respectively, which was primarily comprised of multiple term loans in various currencies. Our future capital requirements will depend on many factors, including our revenue growth rate, the timing and amount of payments we receive from customers pursuant to our LTAs and other business arrangements,