# EDGAR Filing Document

**Accession Number:** 0001974138
**File Stem:** 0001628280-25-049563
**Filing Date:** 2025-11
**Character Count:** 144225
**Document Hash:** af17fb8c4f55a6fbfafc9dcb1532d54c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-25-049563.hdr.sgml**: 20251105

**ACCESSION NUMBER**: 0001628280-25-049563

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 58

**CONFORMED PERIOD OF REPORT**: 20251105

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251105

**DATE AS OF CHANGE**: 20251105

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NCR Atleos Corp
- **CENTRAL INDEX KEY:** 0001974138
- **STANDARD INDUSTRIAL CLASSIFICATION:** CALCULATING & ACCOUNTING MACHINES (NO ELECTRONIC COMPUTERS) [3578]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 923588560
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41728
- **FILM NUMBER:** 251454116

**BUSINESS ADDRESS:**
- **STREET 1:** 864 SPRING STREET NW
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30308
- **BUSINESS PHONE:** (832) 308-4999

**MAIL ADDRESS:**
- **STREET 1:** 864 SPRING STREET NW
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30308

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NCR Atleos, LLC
- **DATE OF NAME CHANGE:** 20230802

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NCR ATMCo, LLC
- **DATE OF NAME CHANGE:** 20230418

?xml version='1.0' encoding='ASCII'? natl-20251105

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): November 5, 2025**

**NCR ATLEOS CORPORATION**

**(Exact name of registrant as specified in its charter)**

**Commission File Number 001-41728**

---

| | |
|:---|:---|
| **Maryland** | **92-3588560** |
| **(State or other jurisdiction of<br>incorporation or organization)** | **(I.R.S. Employer<br>Identification No.)** |

---

**864 Spring Street NW**

**Atlanta, GA 30308**

**(Address of principal executive offices and zip code)** 

**Registrant's telephone number, including area code: (832) 308-4999**

**Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):**

☐ **Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)**

☐ **Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)**

☐ **Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))**

☐ **Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))** 

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, par value $0.01 per share | NATL | New York Stock Exchange |

---

**Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Emerging growth company** ☐

**If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.** □

------

**Item 2.02.&nbsp;&nbsp;&nbsp;&nbsp;Results of Operations and Financial Condition.**

On November 5, 2025, NCR Atleos Corporation (the "Company") issued a press release setting forth its third quarter 2025 financial results and certain other financial information. A copy of the press release is attached hereto as Exhibit 99.1 and hereby incorporated by reference.

**Item 7.01.&nbsp;&nbsp;&nbsp;&nbsp;Regulation FD Disclosure.**

On November 6, 2025, the Company will hold its previously announced conference call to discuss its third quarter 2025 financial results. A copy of supplementary materials that will be referred to in the conference call, and which were posted to the Company's website, is attached hereto as Exhibit 99.2.

The information in this report (including Exhibits 99.1 and 99.2) is being furnished pursuant to Item 2.02 and Item 7.01 and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.

**Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.**

(d)Exhibits:

The following exhibits are attached with this current report on Form 8-K:

---

| | |
|:---|:---|
| <u>Exhibit No.</u> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Description</u> |
| 99.1 | <u>[Press release issued by the Company dated](ex-991ncratleosq32025earni.htm)[November 5](ex-991ncratleosq32025earni.htm)[, 2025](ex-991ncratleosq32025earni.htm)</u> |
| 99.2 | <u>[Supplemental materials, dated](exhibit992-q32025callsli.htm)[November 5](exhibit992-q32025callsli.htm)[, 2025](exhibit992-q32025callsli.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| NCR Atleos Corporation | NCR Atleos Corporation |
| By: | /s/ Andrew Wamser |
|  | Andrew Wamser |
|  | Executive Vice President and Chief Financial Officer |

---

Date: November 5, 2025

## Exhibit 99.1

![picture1a.jpg](picture1a.jpg)

**NEWS RELEASE**

**NCR Atleos Corporation Reports Third Quarter 2025 Results**

**ATLANTA**, November 5, 2025 - NCR Atleos Corporation (NYSE: NATL):

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Total Revenue of $1.12 billion, an increase of 4% y/y, with 70% from recurring revenue streams.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Core Revenue, excluding Voyix, of $1.11 billion, an increase of 6% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• ATMaaS revenue growth accelerated to 37% y/y; greater than 40% growth expected in Q4.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Income Attributable to Atleos of $26 million, an increase of 24% y/y; Adjusted EBITDA of $219 million, an increase of 7% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Diluted Earnings per Share of $0.34 and Adjusted Diluted Earnings per Share of $1.09, an increase of 21% and 22%, respectively, from the prior year period.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Cash Flow provided by operating activities of $27 million; Adjusted Free Cash Flow was $124 million.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Full year 2025 guidance ranges reaffirmed.**  | &nbsp;&nbsp;Tim Oliver <br>*NCR Atleos Chief Executive Officer said,* <br>"NCR Atleos delivered another strong quarter with financial results at the higher end of expectations as financial institutions and retailers continue to select our differentiated and comprehensive self-service banking offering. ATM hardware revenue grew an exceptional 24% year over year, further extending our leading global installed base and driving meaningful, multi-year recurring revenue from attached services and licensed software. Our ATMaaS business increased nearly 40% and added its first customers in Latin America and the Middle East. <br>We continue to set the benchmark for service excellence with industry-leading service metrics and our customers have rewarded that performance with both a 30% improvement to our most recent Net Promoter Score and more of their business. Whether financial institutions and retailers choose to join our shared financial utility network or to outsource their self-service banking services, Atleos offers the most efficient, most comprehensive, and most reliable solution for customers." |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Total Revenue of $1.12 billion, an increase of 4% y/y, with 70% from recurring revenue streams.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Core Revenue, excluding Voyix, of $1.11 billion, an increase of 6% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• ATMaaS revenue growth accelerated to 37% y/y; greater than 40% growth expected in Q4.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Income Attributable to Atleos of $26 million, an increase of 24% y/y; Adjusted EBITDA of $219 million, an increase of 7% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Diluted Earnings per Share of $0.34 and Adjusted Diluted Earnings per Share of $1.09, an increase of 21% and 22%, respectively, from the prior year period.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Cash Flow provided by operating activities of $27 million; Adjusted Free Cash Flow was $124 million.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Full year 2025 guidance ranges reaffirmed.**  | &nbsp;&nbsp;Tim Oliver <br>*NCR Atleos Chief Executive Officer said,* <br>"NCR Atleos delivered another strong quarter with financial results at the higher end of expectations as financial institutions and retailers continue to select our differentiated and comprehensive self-service banking offering. ATM hardware revenue grew an exceptional 24% year over year, further extending our leading global installed base and driving meaningful, multi-year recurring revenue from attached services and licensed software. Our ATMaaS business increased nearly 40% and added its first customers in Latin America and the Middle East. <br>We continue to set the benchmark for service excellence with industry-leading service metrics and our customers have rewarded that performance with both a 30% improvement to our most recent Net Promoter Score and more of their business. Whether financial institutions and retailers choose to join our shared financial utility network or to outsource their self-service banking services, Atleos offers the most efficient, most comprehensive, and most reliable solution for customers." |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Total Revenue of $1.12 billion, an increase of 4% y/y, with 70% from recurring revenue streams.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Core Revenue, excluding Voyix, of $1.11 billion, an increase of 6% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• ATMaaS revenue growth accelerated to 37% y/y; greater than 40% growth expected in Q4.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Income Attributable to Atleos of $26 million, an increase of 24% y/y; Adjusted EBITDA of $219 million, an increase of 7% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Diluted Earnings per Share of $0.34 and Adjusted Diluted Earnings per Share of $1.09, an increase of 21% and 22%, respectively, from the prior year period.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Cash Flow provided by operating activities of $27 million; Adjusted Free Cash Flow was $124 million.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Full year 2025 guidance ranges reaffirmed.**  | &nbsp;&nbsp;Tim Oliver <br>*NCR Atleos Chief Executive Officer said,* <br>"NCR Atleos delivered another strong quarter with financial results at the higher end of expectations as financial institutions and retailers continue to select our differentiated and comprehensive self-service banking offering. ATM hardware revenue grew an exceptional 24% year over year, further extending our leading global installed base and driving meaningful, multi-year recurring revenue from attached services and licensed software. Our ATMaaS business increased nearly 40% and added its first customers in Latin America and the Middle East. <br>We continue to set the benchmark for service excellence with industry-leading service metrics and our customers have rewarded that performance with both a 30% improvement to our most recent Net Promoter Score and more of their business. Whether financial institutions and retailers choose to join our shared financial utility network or to outsource their self-service banking services, Atleos offers the most efficient, most comprehensive, and most reliable solution for customers." |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Total Revenue of $1.12 billion, an increase of 4% y/y, with 70% from recurring revenue streams.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Core Revenue, excluding Voyix, of $1.11 billion, an increase of 6% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• ATMaaS revenue growth accelerated to 37% y/y; greater than 40% growth expected in Q4.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Income Attributable to Atleos of $26 million, an increase of 24% y/y; Adjusted EBITDA of $219 million, an increase of 7% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Diluted Earnings per Share of $0.34 and Adjusted Diluted Earnings per Share of $1.09, an increase of 21% and 22%, respectively, from the prior year period.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Cash Flow provided by operating activities of $27 million; Adjusted Free Cash Flow was $124 million.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Full year 2025 guidance ranges reaffirmed.**  | &nbsp;&nbsp;Tim Oliver <br>*NCR Atleos Chief Executive Officer said,* <br>"NCR Atleos delivered another strong quarter with financial results at the higher end of expectations as financial institutions and retailers continue to select our differentiated and comprehensive self-service banking offering. ATM hardware revenue grew an exceptional 24% year over year, further extending our leading global installed base and driving meaningful, multi-year recurring revenue from attached services and licensed software. Our ATMaaS business increased nearly 40% and added its first customers in Latin America and the Middle East. <br>We continue to set the benchmark for service excellence with industry-leading service metrics and our customers have rewarded that performance with both a 30% improvement to our most recent Net Promoter Score and more of their business. Whether financial institutions and retailers choose to join our shared financial utility network or to outsource their self-service banking services, Atleos offers the most efficient, most comprehensive, and most reliable solution for customers." |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Total Revenue of $1.12 billion, an increase of 4% y/y, with 70% from recurring revenue streams.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Core Revenue, excluding Voyix, of $1.11 billion, an increase of 6% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• ATMaaS revenue growth accelerated to 37% y/y; greater than 40% growth expected in Q4.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Income Attributable to Atleos of $26 million, an increase of 24% y/y; Adjusted EBITDA of $219 million, an increase of 7% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Diluted Earnings per Share of $0.34 and Adjusted Diluted Earnings per Share of $1.09, an increase of 21% and 22%, respectively, from the prior year period.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Cash Flow provided by operating activities of $27 million; Adjusted Free Cash Flow was $124 million.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Full year 2025 guidance ranges reaffirmed.**  | &nbsp;&nbsp;Tim Oliver <br>*NCR Atleos Chief Executive Officer said,* <br>"NCR Atleos delivered another strong quarter with financial results at the higher end of expectations as financial institutions and retailers continue to select our differentiated and comprehensive self-service banking offering. ATM hardware revenue grew an exceptional 24% year over year, further extending our leading global installed base and driving meaningful, multi-year recurring revenue from attached services and licensed software. Our ATMaaS business increased nearly 40% and added its first customers in Latin America and the Middle East. <br>We continue to set the benchmark for service excellence with industry-leading service metrics and our customers have rewarded that performance with both a 30% improvement to our most recent Net Promoter Score and more of their business. Whether financial institutions and retailers choose to join our shared financial utility network or to outsource their self-service banking services, Atleos offers the most efficient, most comprehensive, and most reliable solution for customers." |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Total Revenue of $1.12 billion, an increase of 4% y/y, with 70% from recurring revenue streams.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Core Revenue, excluding Voyix, of $1.11 billion, an increase of 6% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• ATMaaS revenue growth accelerated to 37% y/y; greater than 40% growth expected in Q4.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Income Attributable to Atleos of $26 million, an increase of 24% y/y; Adjusted EBITDA of $219 million, an increase of 7% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Diluted Earnings per Share of $0.34 and Adjusted Diluted Earnings per Share of $1.09, an increase of 21% and 22%, respectively, from the prior year period.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Cash Flow provided by operating activities of $27 million; Adjusted Free Cash Flow was $124 million.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Full year 2025 guidance ranges reaffirmed.**  | &nbsp;&nbsp;Tim Oliver <br>*NCR Atleos Chief Executive Officer said,* <br>"NCR Atleos delivered another strong quarter with financial results at the higher end of expectations as financial institutions and retailers continue to select our differentiated and comprehensive self-service banking offering. ATM hardware revenue grew an exceptional 24% year over year, further extending our leading global installed base and driving meaningful, multi-year recurring revenue from attached services and licensed software. Our ATMaaS business increased nearly 40% and added its first customers in Latin America and the Middle East. <br>We continue to set the benchmark for service excellence with industry-leading service metrics and our customers have rewarded that performance with both a 30% improvement to our most recent Net Promoter Score and more of their business. Whether financial institutions and retailers choose to join our shared financial utility network or to outsource their self-service banking services, Atleos offers the most efficient, most comprehensive, and most reliable solution for customers." |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Total Revenue of $1.12 billion, an increase of 4% y/y, with 70% from recurring revenue streams.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Core Revenue, excluding Voyix, of $1.11 billion, an increase of 6% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• ATMaaS revenue growth accelerated to 37% y/y; greater than 40% growth expected in Q4.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Income Attributable to Atleos of $26 million, an increase of 24% y/y; Adjusted EBITDA of $219 million, an increase of 7% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Diluted Earnings per Share of $0.34 and Adjusted Diluted Earnings per Share of $1.09, an increase of 21% and 22%, respectively, from the prior year period.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Cash Flow provided by operating activities of $27 million; Adjusted Free Cash Flow was $124 million.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Full year 2025 guidance ranges reaffirmed.**  | &nbsp;&nbsp;Tim Oliver <br>*NCR Atleos Chief Executive Officer said,* <br>"NCR Atleos delivered another strong quarter with financial results at the higher end of expectations as financial institutions and retailers continue to select our differentiated and comprehensive self-service banking offering. ATM hardware revenue grew an exceptional 24% year over year, further extending our leading global installed base and driving meaningful, multi-year recurring revenue from attached services and licensed software. Our ATMaaS business increased nearly 40% and added its first customers in Latin America and the Middle East. <br>We continue to set the benchmark for service excellence with industry-leading service metrics and our customers have rewarded that performance with both a 30% improvement to our most recent Net Promoter Score and more of their business. Whether financial institutions and retailers choose to join our shared financial utility network or to outsource their self-service banking services, Atleos offers the most efficient, most comprehensive, and most reliable solution for customers." |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Total Revenue of $1.12 billion, an increase of 4% y/y, with 70% from recurring revenue streams.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Core Revenue, excluding Voyix, of $1.11 billion, an increase of 6% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• ATMaaS revenue growth accelerated to 37% y/y; greater than 40% growth expected in Q4.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Income Attributable to Atleos of $26 million, an increase of 24% y/y; Adjusted EBITDA of $219 million, an increase of 7% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Diluted Earnings per Share of $0.34 and Adjusted Diluted Earnings per Share of $1.09, an increase of 21% and 22%, respectively, from the prior year period.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Cash Flow provided by operating activities of $27 million; Adjusted Free Cash Flow was $124 million.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Full year 2025 guidance ranges reaffirmed.**  | &nbsp;&nbsp;Tim Oliver <br>*NCR Atleos Chief Executive Officer said,* <br>"NCR Atleos delivered another strong quarter with financial results at the higher end of expectations as financial institutions and retailers continue to select our differentiated and comprehensive self-service banking offering. ATM hardware revenue grew an exceptional 24% year over year, further extending our leading global installed base and driving meaningful, multi-year recurring revenue from attached services and licensed software. Our ATMaaS business increased nearly 40% and added its first customers in Latin America and the Middle East. <br>We continue to set the benchmark for service excellence with industry-leading service metrics and our customers have rewarded that performance with both a 30% improvement to our most recent Net Promoter Score and more of their business. Whether financial institutions and retailers choose to join our shared financial utility network or to outsource their self-service banking services, Atleos offers the most efficient, most comprehensive, and most reliable solution for customers." |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Total Revenue of $1.12 billion, an increase of 4% y/y, with 70% from recurring revenue streams.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Core Revenue, excluding Voyix, of $1.11 billion, an increase of 6% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• ATMaaS revenue growth accelerated to 37% y/y; greater than 40% growth expected in Q4.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Income Attributable to Atleos of $26 million, an increase of 24% y/y; Adjusted EBITDA of $219 million, an increase of 7% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Diluted Earnings per Share of $0.34 and Adjusted Diluted Earnings per Share of $1.09, an increase of 21% and 22%, respectively, from the prior year period.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Cash Flow provided by operating activities of $27 million; Adjusted Free Cash Flow was $124 million.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Full year 2025 guidance ranges reaffirmed.**  | &nbsp;&nbsp;Tim Oliver <br>*NCR Atleos Chief Executive Officer said,* <br>"NCR Atleos delivered another strong quarter with financial results at the higher end of expectations as financial institutions and retailers continue to select our differentiated and comprehensive self-service banking offering. ATM hardware revenue grew an exceptional 24% year over year, further extending our leading global installed base and driving meaningful, multi-year recurring revenue from attached services and licensed software. Our ATMaaS business increased nearly 40% and added its first customers in Latin America and the Middle East. <br>We continue to set the benchmark for service excellence with industry-leading service metrics and our customers have rewarded that performance with both a 30% improvement to our most recent Net Promoter Score and more of their business. Whether financial institutions and retailers choose to join our shared financial utility network or to outsource their self-service banking services, Atleos offers the most efficient, most comprehensive, and most reliable solution for customers." |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Total Revenue of $1.12 billion, an increase of 4% y/y, with 70% from recurring revenue streams.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Core Revenue, excluding Voyix, of $1.11 billion, an increase of 6% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• ATMaaS revenue growth accelerated to 37% y/y; greater than 40% growth expected in Q4.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Income Attributable to Atleos of $26 million, an increase of 24% y/y; Adjusted EBITDA of $219 million, an increase of 7% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Diluted Earnings per Share of $0.34 and Adjusted Diluted Earnings per Share of $1.09, an increase of 21% and 22%, respectively, from the prior year period.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Cash Flow provided by operating activities of $27 million; Adjusted Free Cash Flow was $124 million.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Full year 2025 guidance ranges reaffirmed.**  | &nbsp;&nbsp;Tim Oliver <br>*NCR Atleos Chief Executive Officer said,* <br>"NCR Atleos delivered another strong quarter with financial results at the higher end of expectations as financial institutions and retailers continue to select our differentiated and comprehensive self-service banking offering. ATM hardware revenue grew an exceptional 24% year over year, further extending our leading global installed base and driving meaningful, multi-year recurring revenue from attached services and licensed software. Our ATMaaS business increased nearly 40% and added its first customers in Latin America and the Middle East. <br>We continue to set the benchmark for service excellence with industry-leading service metrics and our customers have rewarded that performance with both a 30% improvement to our most recent Net Promoter Score and more of their business. Whether financial institutions and retailers choose to join our shared financial utility network or to outsource their self-service banking services, Atleos offers the most efficient, most comprehensive, and most reliable solution for customers." |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Total Revenue of $1.12 billion, an increase of 4% y/y, with 70% from recurring revenue streams.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Core Revenue, excluding Voyix, of $1.11 billion, an increase of 6% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• ATMaaS revenue growth accelerated to 37% y/y; greater than 40% growth expected in Q4.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Income Attributable to Atleos of $26 million, an increase of 24% y/y; Adjusted EBITDA of $219 million, an increase of 7% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Diluted Earnings per Share of $0.34 and Adjusted Diluted Earnings per Share of $1.09, an increase of 21% and 22%, respectively, from the prior year period.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Cash Flow provided by operating activities of $27 million; Adjusted Free Cash Flow was $124 million.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Full year 2025 guidance ranges reaffirmed.**  | &nbsp;&nbsp;Tim Oliver <br>*NCR Atleos Chief Executive Officer said,* <br>"NCR Atleos delivered another strong quarter with financial results at the higher end of expectations as financial institutions and retailers continue to select our differentiated and comprehensive self-service banking offering. ATM hardware revenue grew an exceptional 24% year over year, further extending our leading global installed base and driving meaningful, multi-year recurring revenue from attached services and licensed software. Our ATMaaS business increased nearly 40% and added its first customers in Latin America and the Middle East. <br>We continue to set the benchmark for service excellence with industry-leading service metrics and our customers have rewarded that performance with both a 30% improvement to our most recent Net Promoter Score and more of their business. Whether financial institutions and retailers choose to join our shared financial utility network or to outsource their self-service banking services, Atleos offers the most efficient, most comprehensive, and most reliable solution for customers." |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Total Revenue of $1.12 billion, an increase of 4% y/y, with 70% from recurring revenue streams.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Core Revenue, excluding Voyix, of $1.11 billion, an increase of 6% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• ATMaaS revenue growth accelerated to 37% y/y; greater than 40% growth expected in Q4.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Income Attributable to Atleos of $26 million, an increase of 24% y/y; Adjusted EBITDA of $219 million, an increase of 7% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Diluted Earnings per Share of $0.34 and Adjusted Diluted Earnings per Share of $1.09, an increase of 21% and 22%, respectively, from the prior year period.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Cash Flow provided by operating activities of $27 million; Adjusted Free Cash Flow was $124 million.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Full year 2025 guidance ranges reaffirmed.**  | &nbsp;&nbsp;Tim Oliver <br>*NCR Atleos Chief Executive Officer said,* <br>"NCR Atleos delivered another strong quarter with financial results at the higher end of expectations as financial institutions and retailers continue to select our differentiated and comprehensive self-service banking offering. ATM hardware revenue grew an exceptional 24% year over year, further extending our leading global installed base and driving meaningful, multi-year recurring revenue from attached services and licensed software. Our ATMaaS business increased nearly 40% and added its first customers in Latin America and the Middle East. <br>We continue to set the benchmark for service excellence with industry-leading service metrics and our customers have rewarded that performance with both a 30% improvement to our most recent Net Promoter Score and more of their business. Whether financial institutions and retailers choose to join our shared financial utility network or to outsource their self-service banking services, Atleos offers the most efficient, most comprehensive, and most reliable solution for customers." |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Total Revenue of $1.12 billion, an increase of 4% y/y, with 70% from recurring revenue streams.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Core Revenue, excluding Voyix, of $1.11 billion, an increase of 6% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• ATMaaS revenue growth accelerated to 37% y/y; greater than 40% growth expected in Q4.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Income Attributable to Atleos of $26 million, an increase of 24% y/y; Adjusted EBITDA of $219 million, an increase of 7% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Diluted Earnings per Share of $0.34 and Adjusted Diluted Earnings per Share of $1.09, an increase of 21% and 22%, respectively, from the prior year period.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Cash Flow provided by operating activities of $27 million; Adjusted Free Cash Flow was $124 million.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Full year 2025 guidance ranges reaffirmed.**  | &nbsp;&nbsp;Tim Oliver <br>*NCR Atleos Chief Executive Officer said,* <br>"NCR Atleos delivered another strong quarter with financial results at the higher end of expectations as financial institutions and retailers continue to select our differentiated and comprehensive self-service banking offering. ATM hardware revenue grew an exceptional 24% year over year, further extending our leading global installed base and driving meaningful, multi-year recurring revenue from attached services and licensed software. Our ATMaaS business increased nearly 40% and added its first customers in Latin America and the Middle East. <br>We continue to set the benchmark for service excellence with industry-leading service metrics and our customers have rewarded that performance with both a 30% improvement to our most recent Net Promoter Score and more of their business. Whether financial institutions and retailers choose to join our shared financial utility network or to outsource their self-service banking services, Atleos offers the most efficient, most comprehensive, and most reliable solution for customers." |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Total Revenue of $1.12 billion, an increase of 4% y/y, with 70% from recurring revenue streams.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Core Revenue, excluding Voyix, of $1.11 billion, an increase of 6% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• ATMaaS revenue growth accelerated to 37% y/y; greater than 40% growth expected in Q4.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Income Attributable to Atleos of $26 million, an increase of 24% y/y; Adjusted EBITDA of $219 million, an increase of 7% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Diluted Earnings per Share of $0.34 and Adjusted Diluted Earnings per Share of $1.09, an increase of 21% and 22%, respectively, from the prior year period.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Cash Flow provided by operating activities of $27 million; Adjusted Free Cash Flow was $124 million.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Full year 2025 guidance ranges reaffirmed.**  | &nbsp;&nbsp;Tim Oliver <br>*NCR Atleos Chief Executive Officer said,* <br>"NCR Atleos delivered another strong quarter with financial results at the higher end of expectations as financial institutions and retailers continue to select our differentiated and comprehensive self-service banking offering. ATM hardware revenue grew an exceptional 24% year over year, further extending our leading global installed base and driving meaningful, multi-year recurring revenue from attached services and licensed software. Our ATMaaS business increased nearly 40% and added its first customers in Latin America and the Middle East. <br>We continue to set the benchmark for service excellence with industry-leading service metrics and our customers have rewarded that performance with both a 30% improvement to our most recent Net Promoter Score and more of their business. Whether financial institutions and retailers choose to join our shared financial utility network or to outsource their self-service banking services, Atleos offers the most efficient, most comprehensive, and most reliable solution for customers." |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Total Revenue of $1.12 billion, an increase of 4% y/y, with 70% from recurring revenue streams.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Core Revenue, excluding Voyix, of $1.11 billion, an increase of 6% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• ATMaaS revenue growth accelerated to 37% y/y; greater than 40% growth expected in Q4.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Income Attributable to Atleos of $26 million, an increase of 24% y/y; Adjusted EBITDA of $219 million, an increase of 7% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Diluted Earnings per Share of $0.34 and Adjusted Diluted Earnings per Share of $1.09, an increase of 21% and 22%, respectively, from the prior year period.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Cash Flow provided by operating activities of $27 million; Adjusted Free Cash Flow was $124 million.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Full year 2025 guidance ranges reaffirmed.**  | &nbsp;&nbsp;Tim Oliver <br>*NCR Atleos Chief Executive Officer said,* <br>"NCR Atleos delivered another strong quarter with financial results at the higher end of expectations as financial institutions and retailers continue to select our differentiated and comprehensive self-service banking offering. ATM hardware revenue grew an exceptional 24% year over year, further extending our leading global installed base and driving meaningful, multi-year recurring revenue from attached services and licensed software. Our ATMaaS business increased nearly 40% and added its first customers in Latin America and the Middle East. <br>We continue to set the benchmark for service excellence with industry-leading service metrics and our customers have rewarded that performance with both a 30% improvement to our most recent Net Promoter Score and more of their business. Whether financial institutions and retailers choose to join our shared financial utility network or to outsource their self-service banking services, Atleos offers the most efficient, most comprehensive, and most reliable solution for customers." |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Total Revenue of $1.12 billion, an increase of 4% y/y, with 70% from recurring revenue streams.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Core Revenue, excluding Voyix, of $1.11 billion, an increase of 6% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• ATMaaS revenue growth accelerated to 37% y/y; greater than 40% growth expected in Q4.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Income Attributable to Atleos of $26 million, an increase of 24% y/y; Adjusted EBITDA of $219 million, an increase of 7% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Diluted Earnings per Share of $0.34 and Adjusted Diluted Earnings per Share of $1.09, an increase of 21% and 22%, respectively, from the prior year period.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Cash Flow provided by operating activities of $27 million; Adjusted Free Cash Flow was $124 million.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Full year 2025 guidance ranges reaffirmed.**  | &nbsp;&nbsp;Tim Oliver <br>*NCR Atleos Chief Executive Officer said,* <br>"NCR Atleos delivered another strong quarter with financial results at the higher end of expectations as financial institutions and retailers continue to select our differentiated and comprehensive self-service banking offering. ATM hardware revenue grew an exceptional 24% year over year, further extending our leading global installed base and driving meaningful, multi-year recurring revenue from attached services and licensed software. Our ATMaaS business increased nearly 40% and added its first customers in Latin America and the Middle East. <br>We continue to set the benchmark for service excellence with industry-leading service metrics and our customers have rewarded that performance with both a 30% improvement to our most recent Net Promoter Score and more of their business. Whether financial institutions and retailers choose to join our shared financial utility network or to outsource their self-service banking services, Atleos offers the most efficient, most comprehensive, and most reliable solution for customers." |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Total Revenue of $1.12 billion, an increase of 4% y/y, with 70% from recurring revenue streams.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Core Revenue, excluding Voyix, of $1.11 billion, an increase of 6% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• ATMaaS revenue growth accelerated to 37% y/y; greater than 40% growth expected in Q4.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Income Attributable to Atleos of $26 million, an increase of 24% y/y; Adjusted EBITDA of $219 million, an increase of 7% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Diluted Earnings per Share of $0.34 and Adjusted Diluted Earnings per Share of $1.09, an increase of 21% and 22%, respectively, from the prior year period.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Cash Flow provided by operating activities of $27 million; Adjusted Free Cash Flow was $124 million.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Full year 2025 guidance ranges reaffirmed.**  | &nbsp;&nbsp;Tim Oliver <br>*NCR Atleos Chief Executive Officer said,* <br>"NCR Atleos delivered another strong quarter with financial results at the higher end of expectations as financial institutions and retailers continue to select our differentiated and comprehensive self-service banking offering. ATM hardware revenue grew an exceptional 24% year over year, further extending our leading global installed base and driving meaningful, multi-year recurring revenue from attached services and licensed software. Our ATMaaS business increased nearly 40% and added its first customers in Latin America and the Middle East. <br>We continue to set the benchmark for service excellence with industry-leading service metrics and our customers have rewarded that performance with both a 30% improvement to our most recent Net Promoter Score and more of their business. Whether financial institutions and retailers choose to join our shared financial utility network or to outsource their self-service banking services, Atleos offers the most efficient, most comprehensive, and most reliable solution for customers." |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Total Revenue of $1.12 billion, an increase of 4% y/y, with 70% from recurring revenue streams.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Core Revenue, excluding Voyix, of $1.11 billion, an increase of 6% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• ATMaaS revenue growth accelerated to 37% y/y; greater than 40% growth expected in Q4.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Income Attributable to Atleos of $26 million, an increase of 24% y/y; Adjusted EBITDA of $219 million, an increase of 7% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Diluted Earnings per Share of $0.34 and Adjusted Diluted Earnings per Share of $1.09, an increase of 21% and 22%, respectively, from the prior year period.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Cash Flow provided by operating activities of $27 million; Adjusted Free Cash Flow was $124 million.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Full year 2025 guidance ranges reaffirmed.**  | &nbsp;&nbsp;Tim Oliver <br>*NCR Atleos Chief Executive Officer said,* <br>"NCR Atleos delivered another strong quarter with financial results at the higher end of expectations as financial institutions and retailers continue to select our differentiated and comprehensive self-service banking offering. ATM hardware revenue grew an exceptional 24% year over year, further extending our leading global installed base and driving meaningful, multi-year recurring revenue from attached services and licensed software. Our ATMaaS business increased nearly 40% and added its first customers in Latin America and the Middle East. <br>We continue to set the benchmark for service excellence with industry-leading service metrics and our customers have rewarded that performance with both a 30% improvement to our most recent Net Promoter Score and more of their business. Whether financial institutions and retailers choose to join our shared financial utility network or to outsource their self-service banking services, Atleos offers the most efficient, most comprehensive, and most reliable solution for customers." |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Total Revenue of $1.12 billion, an increase of 4% y/y, with 70% from recurring revenue streams.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Core Revenue, excluding Voyix, of $1.11 billion, an increase of 6% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• ATMaaS revenue growth accelerated to 37% y/y; greater than 40% growth expected in Q4.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Income Attributable to Atleos of $26 million, an increase of 24% y/y; Adjusted EBITDA of $219 million, an increase of 7% y/y.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Diluted Earnings per Share of $0.34 and Adjusted Diluted Earnings per Share of $1.09, an increase of 21% and 22%, respectively, from the prior year period.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Net Cash Flow provided by operating activities of $27 million; Adjusted Free Cash Flow was $124 million.**<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Full year 2025 guidance ranges reaffirmed.**  | &nbsp;&nbsp;Tim Oliver <br>*NCR Atleos Chief Executive Officer said,* <br>"NCR Atleos delivered another strong quarter with financial results at the higher end of expectations as financial institutions and retailers continue to select our differentiated and comprehensive self-service banking offering. ATM hardware revenue grew an exceptional 24% year over year, further extending our leading global installed base and driving meaningful, multi-year recurring revenue from attached services and licensed software. Our ATMaaS business increased nearly 40% and added its first customers in Latin America and the Middle East. <br>We continue to set the benchmark for service excellence with industry-leading service metrics and our customers have rewarded that performance with both a 30% improvement to our most recent Net Promoter Score and more of their business. Whether financial institutions and retailers choose to join our shared financial utility network or to outsource their self-service banking services, Atleos offers the most efficient, most comprehensive, and most reliable solution for customers." |

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NCR Atleos Corporation (NYSE: NATL) ("Atleos"), a leader in expanding self-service financial access for financial institutions, retailers and consumers, today reported third quarter 2025 results. For the quarter ended September 30, 2025, Net Income Attributable to Atleos increased 24% to $26 million, or 2% of revenue, compared to Net Income Attributable to Atleos of $21 million, or 2% of revenue in the prior year period. GAAP Diluted EPS of $0.34 increased 21% from $0.28 in the prior year period. Adjusted EBITDA was $219 million in the third quarter of 2025, an increase of 7%, when compared to $205 million in the prior year period. Adjusted Diluted Earnings per share of $1.09 increased 22% from $0.89 in the prior year period.

Andy Wamser, Chief Financial Officer, added, "Despite the unanticipated challenges presented by tariff volatility and immigration-related payroll changes, Atleos continues to deliver on our financial commitments while making solid strategic progress. Diligent contingency planning, incremental cost productivity and a resilient team have allowed us to stay on pace for 2025. We anticipate beginning share repurchases this quarter and closing the year with net leverage of 2.8x."

**<u>Third Quarter 2025 Operating Results</u>** 

**Revenue**

Total Revenue increased 4% or $48 million, to $1.12 billion in the third quarter of 2025, including $783 million of recurring revenue, compared to $1.07 billion and $785 million, respectively, in the prior year period. Core Revenue, which excludes business with Voyix, improved 6% to $1.11 billion, compared to $1.05 billion in the prior year period, driven by continued growth in ATMaaS and stronger hardware demand. Results were partially offset by more muted network transaction volumes which have been impacted by U.S. immigration policy.

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**Gross Profit and Gross Margin** 

Gross Profit for the third quarter of 2025 increased 6% to $271 million, compared to $256 million in the prior year period. Gross Margin of 24.2% increased 30 basis points from the prior year period. Adjusted Gross Profit was $297 million, an increase of 6% when compared to $280 million in the prior year period. Results were driven by an improved mix in hardware as well as ATMaaS growth and were partially offset by higher cash vault interest expense. Adjusted gross margin increased 40 basis points to 26.5%, compared to 26.1% in the prior year period.

**Net Income and Net Income Margin**

Net income attributable to Atleos increased 24% to $26 million, or 2% of revenue, compared to $21 million, or 2% of revenue in the prior year period.

**Adjusted EBITDA and Adjusted EBITDA margin**

Adjusted EBITDA in the third quarter of 2025 increased 7% to $219 million. Adjusted EBITDA margin of 19.5% expanded 40 basis points from 19.1% in the prior year period.

**Other Results** 

Net cash provided by operating activities was $27 million. Adjusted free cash flow-unrestricted was $124 million.

<br>**REVENUE AND ADJUSTED EBITDA SUMMARY**<br>**(Unaudited)**<br>

---

| | | | |
|:---|:---|:---|:---|
| | **For the Periods Ended September 30** | **For the Periods Ended September 30** | **For the Periods Ended September 30** |
| | **Three Months** | **Three Months** | **Three Months** |
| ($ in millions) | **2025** | **2024** | **% Change** |
| **Revenue by segment** |  |  |  |
| &nbsp;&nbsp;&nbsp;Self-Service Banking | $**744** | $672 | 11% |
| &nbsp;&nbsp;&nbsp;Network | **328** | 332 | (1)% |
| &nbsp;&nbsp;&nbsp;T&T | **40** | 46 | (13)% |
| **Total segment revenue** | **1112** | 1050 | 6% |
| &nbsp;&nbsp;&nbsp;Other <sup>(1)</sup> | **9** | 23 | (61)% |
| **Consolidated revenue** | $**1121** | $1073 | 4% |
| **Adjusted EBITDA by segment** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Self-Service Banking | $**196** | $162 | 21% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Self-Service Banking Adjusted EBITDA margin %* | ***26.3%*** | *24.1%* |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Network | **93** | 102 | (9)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Network Adjusted EBITDA margin %* | ***28.4%*** | *30.7%* |  |
| &nbsp;&nbsp;&nbsp;&nbsp;T&T | **8** | 9 | (11)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*T&T Adjusted EBITDA margin %* | ***20.0%*** | *19.6%* |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other <sup>(1)</sup> | **—** | 3 | (100)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate <sup>(2)</sup> | **(78)** | (71) | 10% |
| **Total Adjusted EBITDA** | $**219** | $205 | 7% |
| &nbsp;&nbsp;*Total Adjusted EBITDA margin %* | ***19.5%*** | *19.1%* |  |

---

<sup>(1)</sup> Represents certain other immaterial business operations that do not represent a reportable segment, including commerce-related operations in countries that Voyix exited that are aligned to Atleos. Other also includes revenues from commercial agreements with Voyix.

<sup>(2)</sup> Includes income and expenses related to corporate functions not specifically attributable to an individual reportable segment.

------

**<u>Full Year 2025 Guidance</u>**

---

| | | |
|:---|:---|:---|
| **FY 2025 Targets** | **2025 Initial Guidance** | 2024 Base <sup>(3)</sup> |
| **Core Revenue** | **3% to 6% growth constant currency** <br>**(est. FX impact -2%)** | $4,175 million  |
| **Total Revenue** | **1% to 3% growth constant currency** <br>**(est. FX impact -2%)** <br>**Assumes Voyix-related revenue down ~$100M**  | $4,317 million |
| **Total Adjusted EBITDA** <sup>(1)</sup> | **7% to 10% growth constant currency** <br>**(est. FX impact -1%)**  | $794 million  |
| **Adjusted Diluted EPS** <sup>(2)</sup> | **21% to 27% growth** | $3.22 |
| **Adjusted free cash flow-unrestricted** | **$260 - $300 million**  | $242 million |

---

<sup>(1)</sup> Adjusted EBITDA previously included certain amounts reported in Other income (expense), net. Beginning in 2025, we exclude total Other income (expense), net from Adjusted EBITDA, which in 2024 would have resulted in Adjusted EBITDA of $794 million, not including the impact of the revision to our 2024 financial statements discussed in the section entitled "Notes to Investors".

<sup>(2)</sup> Incorporates consensus average SOFR rates for the year in interest expense.

<sup>(3)</sup> Does not reflect the impact of the revision to our 2024 financial statements or change in our definition of Non-GAAP Adjusted Diluted EPS set forth in "Notes to Investors", as those changes do not impact the guided ranges previously communicated.

Adjusted Gross Margin, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income, Adjusted Earnings Per Share, and Adjusted Free Cash Flow – unrestricted are non-GAAP financial measures. A discussion of these non-GAAP measures, including a reconciliation to the most closely correlated GAAP measure, is attached to this release. With respect to our Adjusted EBITDA, Adjusted Free Cash Flow-unrestricted and Adjusted Diluted Earnings Per Share guidance, we do not provide a reconciliation to the most closely correlated GAAP measures because we are not able to predict with reasonable certainty the reconciling items that may affect net income, cash flow from operating activities and diluted earnings per share without unreasonable effort. The reconciling items are primarily the future impact of special tax items, capital structure transactions, restructuring, pension mark-to-market transactions, acquisitions or divestitures, or other events. These reconciling items are uncertain, depend on various factors and could significantly impact, either individually or in the aggregate, the GAAP measures.

**<u>Notes to Investors</u>**

*Revision.* During the second and third quarters of 2025, the Company identified immaterial misstatements in its previously issued financial statements. These misstatements resulted in an overstatement of previously reported pre-tax income during fiscal year 2023 of approximately $18 million, an overstatement of pre-tax income of approximately $14 million during fiscal year 2024, and overstatements of pre-tax income of approximately $4 million and $6 million during the first and second quarter of fiscal year 2025, respectively, as well as an impact to the previously-reported amounts in each of the interim periods within fiscal years 2023 and 2024.

The Company evaluated the impact of these misstatements to the previously issued annual and interim financial statements and determined that they were not material to any period. However, the Company is revising the previously-issued financial statements for impacted periods. The financial information included in this release reflects the revision.

**<u>2025 Third Quarter Earnings Conference Call</u>**

A conference call is scheduled for November 6, 2025 at 8:30 a.m. Eastern Time to discuss the third quarter 2025 results. Access to the conference call and accompanying slides, as well as a replay of the call, are available on Atleos' web site at <u>http://investor.ncratleos.com</u>. Additionally, the live call can be accessed by dialing 800-330-6710 (United States/Canada Toll-free) or +1 646-307-1072 (International Toll) and entering the participant passcode 7681169. References to Atleos' website and/or other social media sites or platforms in this release do not incorporate by reference the information on such websites, social media sites, or platforms, and Atleos disclaims any such incorporation by reference.

More information on Atleos' third quarter earnings, including additional financial information and analysis, is available on Atleos' Investor Relations website at <u>https://investor.ncratleos.com/</u>.

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**News Media Contact**

Scott Sykes

NCR Atleos Corporation

scott.sykes@ncratleos.com

**Investor Contact**

Melanie Skijus

NCR Atleos Corporation

melanie.skijus@ncratleos.com

**About Atleos**

Atleos (NYSE: NATL) is the leader in expanding self-service financial access, with industry-leading ATM expertise and experience, unrivalled operational scale including the largest independently-owned ATM network, always-on global services and constant innovation. Atleos improves operational efficiency for financial institutions, drives footfall for retailers and enables digital-first financial self-service experiences for consumers. Atleos is ranked #12 in Newsweek's prestigious 2025 Top 100 Global Most Loved Workplaces® list. Atleos is headquartered in Atlanta, Ga., with approximately 20,000 employees globally. For more information, visit www.ncratleos.com.

**<u>Forward-Looking Statements</u>**

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements use words such as "expect," "anticipate," "outlook," "intend," "plan," "confident," "believe," "will," "should," "would," "potential," "positioning," "proposed," "planned," "objective," "likely," "could," "may," and words of similar meaning, as well as other words or expressions referencing future events, conditions or circumstances. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Act. Statements that describe or relate to Atleos' plans, goals, intentions, strategies, or financial outlook, and statements that do not relate to historical or current fact, are examples of forward-looking statements. Examples of forward-looking statements in this release, including but not limited to net leverage in Q4, revenue acceleration in ATMaaS business, 2025 total Revenue, Adjusted EBITDA, Adjusted Diluted EPS, Adjusted Free Cash Flow-restricted, cash flow and liquidity, timing of capital return and share repurchase, impact from tariffs and interest rates, constitute "forward-looking statements' as defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on currently available information and are subject to various risks and uncertainties that could cause actual results to differ materially from the Company's present expectations. These risk and uncertainties include, but are not limited to, strategy and technology transforming our business model, our ability to integrate acquisitions and manage alliance activities, domestic and global economic and credit conditions, ability to properly assess expenses related to tariffs and other expenses, key employee retention and ability to attract talented employees, our relationships with third parties and any failures of our third-party suppliers, our level of indebtedness and our cash flow sufficiency to service our indebtedness or fund our share repurchase program, interest rate risks, terms governing our trade receivables liabilities, allegations or clams by third parties that our products and services infringe on intellectual property rights of others, our separation from parent Company, the impact of, and our ability to remediate, any current or future material weaknesses in our internal control over financial reporting and the perceived reliability of Atleos' financial statements if Atleos is unable to satisfy requirements of Section 404 of the Sarbanes Oxley Act, that failure of NCR Voyix Corporation ("Voyix") to perform under various transactions agreements, Atleos' obligation to indemnify Voyix pursuant to the agreements entered into in connection with the spin-off (including with respect to material taxes), the risk that Voyix may not fulfill any obligations to indemnify Atleos under such agreements, currency movements and other risks of conducting business internationally and the impact of regulatory and litigation matters.

Additional information concerning these and other factors can be found in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's annual report on Form 10-K and subsequently filed reports. Any forward-looking statement speaks only as of the date on which it is made. The Company does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. You should consider these factors carefully in evaluating forward-looking statements and are cautioned not to place undue reliance on such statements.

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<br>**CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS**<br>**(Unaudited)**<br>

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| | | | | |
|:---|:---|:---|:---|:---|
| | **For the Periods Ended September 30** | **For the Periods Ended September 30** | **For the Periods Ended September 30** | **For the Periods Ended September 30** |
| | **Three Months** | **Three Months** | **Nine Months** | **Nine Months** |
| ($ in millions, except per share amounts) | **2025** | **2024** | **2025** | **2024** |
| **Revenue** |  |  |  |  |
| Product revenue | $**274** | $234 | $**728** | $720 |
| Service revenue | **847** | 839 | **2474** | 2477 |
| **Total revenue** | **1121** | 1073 | **3202** | 3197 |
| Cost of products | **219** | 201 | **596** | 624 |
| Cost of services | **631** | 616 | **1851** | 1851 |
| **Total gross profit** | **271** | 256 | **755** | 722 |
| *% of Revenue* | ***24.2*** *%*** | *23.9 %* | ***23.6*** *%*** | *22.6 %* |
| Selling, general and administrative expenses | **143** | 127 | **381** | 391 |
| Research and development expenses | **18** | 15 | **52** | 43 |
| **Income from operations** | **110** | 114 | **322** | 288 |
| *% of Revenue* | ***9.8*** *%*** | *10.6 %* | ***10.1*** *%*** | *9.0 %* |
| Interest expense | **(68)** | (79) | **(204)** | (237) |
| Other income (expense), net | **(9)** | (5) | **(6)** | 4 |
| Total interest and other expense, net | **(77)** | (84) | **(210)** | (233) |
| **Income before income taxes** | **33** | 30 | **112** | 55 |
| *% of Revenue* | ***2.9*** *%*** | *2.8 %* | ***3.5*** *%*** | *1.7 %* |
| Income tax expense | **7** | 10 | **35** | 18 |
| **Net income** | **26** | 20 | **77** | 37 |
| Net loss attributable to noncontrolling interests | **—** | (1) | **(2)** | (2) |
| **Net income attributable to Atleos** | $**26** | $21 | $**79** | $39 |
| **Net income per share attributable to Atleos common stockholders** |  |  |  |  |
| Basic | $**0.35** | $0.29 | $**1.08** | $0.54 |
| Diluted | $**0.34** | $0.28 | $**1.05** | $0.53 |
| **Weighted average common shares outstanding** |  |  |  |  |
| Basic | **73.7** | 72.3 | **73.4** | 72.0 |
| Diluted | **76.0** | 74.5 | **75.5** | 73.7 |

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**CONDENSED CONSOLIDATED BALANCE SHEETS<br>(Unaudited)**<br>

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| | | |
|:---|:---|:---|
| ($ in millions, except per share amounts) | **September 30, 2025** | **December 31, 2024** |
| **Assets** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current assets |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $**412** | $419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable, net of allowances of $12 and $15 as of September 30, 2025 and December 31, 2024, respectively | **569** | 581 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories | **383** | 307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restricted cash | **162** | 210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other current assets | **291** | 232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total current assets** | **1817** | 1749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property, plant and equipment, net | **484** | 474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodwill | **1959** | 1950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intangibles, net | **519** | 550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating lease right of use assets | **162** | 144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid pension cost | **262** | 227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred income tax assets | **290** | 285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other assets | **157** | 156 |
| **Total assets** | $**5650** | $5535 |
| **Liabilities and stockholders' equity** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current liabilities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term borrowings | $**80** | $81 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | **530** | 564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payroll and benefits liabilities | **137** | 145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Contract liabilities | **358** | 328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Settlement liabilities | **161** | 171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other current liabilities | **518** | 433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total current liabilities** | **1784** | 1722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Long-term borrowings | **2789** | 2859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pension and indemnity plan liabilities | **330** | 343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Postretirement and postemployment benefits liabilities | **80** | 81 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income tax accruals | **35** | 37 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating lease liabilities | **127** | 110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred income tax liabilities | **53** | 40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other liabilities | **121** | 120 |
| **Total liabilities** | $**5319** | $5312 |
| **Stockholders' equity** |  |  |
| Atleos stockholders' equity: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred stock: par value $0.01 per share, 50.0 shares authorized, no shares issued  | **—** | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stock: par value $0.01 per share, 350.0 shares authorized, 73.8 and 72.7 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | **1** | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paid-in capital | **64** | 47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Retained earnings | **268** | 188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive income (loss) | **(3)** | (17) |
| **Total Atleos stockholders' equity** | **330** | 219 |
| Noncontrolling interests in subsidiaries | **1** | 4 |
| **Total stockholders' equity** | **331** | 223 |
| **Total liabilities and stockholders' equity** | $**5650** | $5535 |

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**CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS<br>(Unaudited)**

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| | | | | |
|:---|:---|:---|:---|:---|
| | **For the Periods Ended September 30** | **For the Periods Ended September 30** | **For the Periods Ended September 30** | **For the Periods Ended September 30** |
| | **Three Months** | **Three Months** | **Nine Months** | **Nine Months** |
| ($ in millions) | **2025** | **2024** | **2025** | **2024** |
| **Operating activities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income | $**26** | $20 | $**77** | $37 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization expense | **70** | 74 | **211** | 218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation expense | **8** | 9 | **25** | 28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes | **13** | 3 | **16** | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Gain) loss on divestiture and disposal of assets, net | **(3)** | 1 | **(30)** | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bargain purchase gain from acquisition | **—** |  | **—** | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loss (earnings) from equity investments | **1** | 2 | **2** | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in assets and liabilities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivables | **93** | 91 | **29** | 80 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories | **(1)** | (28) | **(108)** | (77) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current payables and accrued expenses | **(47)** | (23) | **(42)** | 77 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Contract liabilities | **(48)** | 1 | **22** | (16) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee benefit plans | **(20)** | (3) | **(34)** | (23) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Settlement assets and liabilities, net | **(109)** | 36 | **(14)** | 45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other assets and liabilities | **44** | (76) | **(29)** | (98) |
| **Net cash provided by operating activities** | $**27** | $107 | $**125** | $264 |
| **Investing activities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital expenditures | $**(30)** | $(22) | $**(80)** | $(69) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additions to capitalized software | **(13)** | (11) | **(39)** | (26) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Business acquisitions, net of cash acquired | **(17)** |  | **(17)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchase of intellectual property | **—** | (5) | **—** | (13) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from sale of property, plant, and equipment | **12** |  | **36** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from divestiture | **—** |  | **11** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sale (purchase) of investments, net | **(3)** | (1) | **1** | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other investing activities, net | **—** |  | **—** | (1) |
| **Net cash used in investing activities** | $**(51)** | $(39) | $**(88)** | $(110) |
| **Financing activities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Borrowings on term credit facilities | $**11** | $— | $**11** | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments on term credit facilities | **(31)** | (19) | **(90)** | (55) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Borrowings on revolving credit facilities | **310** | 386 | **750** | 919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments on revolving credit facilities | **(325)** | (382) | **(750)** | (894) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments on other financing arrangements | **(2)** |  | **(2)** | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from employee stock plans | **—** | 2 | **7** | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax withholding payments on behalf of employees | **—** | (1) | **(8)** | (14) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments on acquisition holdback | **—** | (5) | **(16)** | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Principal payments for finance lease obligations | **(1)** |  | **(3)** | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other financing activities | **2** |  | **(1)** |  |
| **Net cash provided by (used in) financing activities** | $**(36)** | $(19) | $**(102)** | $(49) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | **(1)** | 5 | **11** | (7) |
| Increase (decrease) in cash, cash equivalents, and restricted cash | $**(61)** | $54 | $**(54)** | $98 |
| Cash, cash equivalents, and restricted cash at beginning of period | **648** | 630 | **641** | 586 |
| **Cash, cash equivalents, and restricted cash at end of period** | $**587** | $684 | $**587** | $684 |

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**Reconciliation of Non-GAAP Financial Measures**

We supplement the reporting of our financial information determined under generally accepted accounting principles ("GAAP") with certain non-GAAP adjusted financial measures. Management views and evaluates business performance on both a GAAP basis and by excluding costs and benefits associated with these non-GAAP adjusted financial measures. As a result, we believe the presentation of these non-GAAP adjusted financial measures better enables users of our financial information to view and evaluate underlying business performance from the same perspective as management.

Non-GAAP adjusted financial measures should be considered in addition to, and not as an alternative for, our reported results prepared in accordance with GAAP. Our non-GAAP adjusted financial measures do not represent a comprehensive basis of accounting and therefore may not be comparable to similarly titled measures reported by other companies.

*Non-GAAP Adjusted Gross Profit and Adjusted Gross Margin, Non-GAAP Adjusted Income from Operations, and Non-GAAP Adjusted Diluted Earnings per Share* exclude, as applicable, acquisition-related costs; pension mark-to-market adjustments and other one-time pension-related costs; separation-related costs; amortization of acquisition-related intangibles; stock-based compensation expense; transformation and restructuring charges (which includes integration, severance, divestiture and other exit and disposal costs); Voyix legal and environmental indemnification expense; foreign currency remeasurement impacts in hyper-inflationary countries; and other non-recurring or unusual items. Management uses these non-GAAP measures to evaluate performance consistently over various periods.

*Non-GAAP Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA) and Adjusted EBITDA Margin* are determined by taking Net income (loss) attributable to Atleos and adding back interest expense, net; income tax expense (benefit); depreciation and amortization; acquisition-related costs; pension mark-to-market adjustments and other one-time pension-related costs; separation-related costs; transformation and restructuring charges (which includes integration, severance, divestiture and other exit and disposal costs); stock-based compensation expense; Voyix legal and environmental indemnification expense; and other amounts included in Other income (expense), net. Adjusted EBITDA margin by segment is calculated based on segment Adjusted EBITDA divided by the related segment component of revenue. Management use these non-GAAP measures to allocate resources and to evaluate performance consistently over various periods.

*Adjusted free cash flow-unrestricted* is calculated as net cash provided by operating activities less capital expenditures, less additions to capitalized software, plus/minus the change in restricted cash settlement activity, plus proceeds from certain sale-leaseback transactions, plus pension contributions and settlements, and plus legal and environmental indemnification payments made to Voyix. Restricted cash settlement activity represents the net change in amounts collected on behalf of, but not yet remitted to, certain of the Company's merchant customers or third-party service providers that are pledged for a particular use or restricted to support these obligations. These amounts can fluctuate significantly period to period based on the number of days for which settlement has not yet occurred or day of the week on which a reporting period ends. We believe this non-GAAP measure is useful for investors because it indicates the amount of cash available for, among other things, investments in our existing businesses or strategic acquisitions, as well as other non-discretionary expenditures including repayment of our debt obligations.

*Constant Currency* excludes the effects of foreign currency translation by translating prior period results at current period monthly average exchange rates. Due to the overall variability of foreign exchange rates from period to period, management uses constant currency measures to compare performance consistently over various periods.

**Use of Certain Terms**

*Core revenue* refers to the revenue of our reportable segments (Self-Service Banking, Network and T&T).

*Recurring revenue.* All revenue streams from contracts where there is a predictable revenue pattern that will occur at regular intervals with a relatively high degree of certainty. This includes hardware and software maintenance revenue, processing revenue, interchange and network revenue, Bitcoin-related revenue, and certain professional services arrangements, as well as term-based software license arrangements that include customer termination rights.

*Annualized Recurring Revenue ("ARR").* We define this operating metric as recurring revenue, excluding software licenses sold as a subscription, for the last three months times four, plus the rolling four quarters for term-based software license arrangements that include customer termination rights. We believe this metric may be useful to investors in evaluating the Company's achievement of strategic goals related to the conversion of the self-service banking business to recurring revenue streams over time. ARR does not necessarily reflect the pattern of revenue recognition in accordance with GAAP and should not be considered a substitute for GAAP revenue.

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*Last twelve months average revenue per unit ("LTM ARPU").* We define this operating metric for the Network segment, as total Network segment revenue for the previous twelve months divided by the average Network Managed Units for the previous twelve months. We believe this metric may be useful to investors in evaluating the Company's achievement of strategic goals related to the improved monetization of our ATM fleet over a specified period, excluding the impact of seasonality. LTM ARPU does not represent revenue generated solely by our Network Managed Units, as total Network segment revenue includes revenue generated from other sources.

*Network Managed Units* are all transacting ATMs as of period end, whether Company-owned or Merchant-owned, other than those for which we only provide third party processing services and those under legacy managed services arrangements.

**Other performance metrics**

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| | | |
|:---|:---|:---|
| | **Three months ended September 30,** | **Three months ended September 30,** |
| ($ in millions, unless otherwise noted) | **2025** | **2024** |
| **Self-Service Banking** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Annualized recurring revenue<sup>(1)</sup> | $**1712** | $1645 |
| &nbsp;&nbsp;&nbsp;&nbsp;Recurring revenue<sup>(1)</sup> as a % of SSB revenue  | **57%** | 61% |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue from ATMaaS arrangements | $**67** | $49 |
| **Network** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;LTM ARPU<sup>(1)</sup> *(in thousands)* | $**16.2** | $15.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Network Managed Units<sup>(1)</sup> *(in thousands)* | **80.9** | 79.5 |

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<sup>(1)</sup> Refer to our definitions of Annualized recurring revenue, Recurring revenue, LTM ARPU and Network Managed Units in the section entitled " Use of Certain Terms" above.

The following table presents the recurring revenue and all other products and services revenue that is recognized at a point in time:

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| | | |
|:---|:---|:---|
| ($ in millions) | **Three months ended September 30,** | **Three months ended September 30,** |
| ($ in millions) | **2025** | **2024** |
| Recurring revenue | $**783** | $785 |
| All other products and services | **338** | 288 |
| **Total revenue** | $**1121** | $1073 |
| Recurring revenue as a percent of revenue | **70%** | 73% |

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**Reconciliation of Net Income (Loss) Attributable to Atleos (GAAP) to Adjusted Net Income Attributable to Atleos (Non-GAAP) and Diluted Earnings Per Share (Non-GAAP)**

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Three months ended September 30, 2025** | **Three months ended September 30, 2025** | **Three months ended September 30, 2025** | **Three months ended September 30, 2025** | **Three months ended September 30, 2025** | **Three months ended September 30, 2025** |
| ($ in millions, except per share amounts) | **Gross profit** | **Gross margin** | **Income from operations** | **Net income (loss) attributable to Atleos** | **Weighted average diluted shares outstanding** | **Diluted earnings (loss) per share** |
| **GAAP Results** | $271 | 24.2% | $110 | $26 | 76.0 | $0.34 |
| Plus: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Transformation and restructuring | 4 | 0.3% | 9 | 10 |  | 0.13 |
| &nbsp;&nbsp;&nbsp;Stock-based compensation expense | 1 | 0.1% | 8 | 7 |  | 0.09 |
| &nbsp;&nbsp;&nbsp;Amortization of acquisition-related intangibles | 20 | 1.8% | 24 | 19 |  | 0.26 |
| &nbsp;&nbsp;&nbsp;Acquisition-related costs |  | —% | 2 | 2 |  | 0.03 |
| &nbsp;&nbsp;&nbsp;Separation costs | 1 | 0.1% | 1 | 1 |  | 0.01 |
| &nbsp;&nbsp;&nbsp;Voyix indemnification expense |  | —% | 22 | 17 |  | 0.22 |
| &nbsp;&nbsp;Hyperinflationary foreign currency adjustment <sup>(1)</sup> |  | —% |  | 1 |  | 0.01 |
| **Non-GAAP Adjusted Results** | $297 | 26.5% | $176 | $83 | 76.0 | $1.09 |

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<sup>(1)</sup> Beginning in the second quarter of 2025, we exclude from our Non-GAAP diluted EPS the gain/loss on remeasurement of foreign currency in hyper-inflationary countries. All periods presented have been recast to reflect the new definition.

**Reconciliation of Net Income Attributable to Atleos (GAAP) to Adjusted Net Income Attributable to Atleos (Non-GAAP) and Diluted Earnings Per Share (Non-GAAP)**

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **For the three months ended September 30, 2024** | **For the three months ended September 30, 2024** | **For the three months ended September 30, 2024** | **For the three months ended September 30, 2024** | **For the three months ended September 30, 2024** | **For the three months ended September 30, 2024** |
| ($ in millions, except per share amounts) | **Gross profit** | **Gross profit margin** | **Income from operations** | **Net income (loss) attributable to Atleos** | **Weighted average diluted shares outstanding** | **Diluted earnings (loss) per share** |
| **GAAP Results** | $256 | 23.9% | $114 | $21 | 74.5 | $0.28 |
| Plus: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Transformation and restructuring | 2 | 0.2% | 7 | 7 |  | 0.09 |
| &nbsp;&nbsp;&nbsp;Stock-based compensation expense | 1 | 0.1% | 9 | 8 |  | 0.11 |
| &nbsp;&nbsp;&nbsp;Amortization of acquisition-related intangibles | 20 | 1.8% | 24 | 19 |  | 0.26 |
| &nbsp;&nbsp;&nbsp;Acquisition-related costs |  | —% |  | (1) |  | (0.01) |
| &nbsp;&nbsp;&nbsp;Separation costs | 1 | 0.1% | 5 | 5 |  | 0.06 |
| &nbsp;&nbsp;&nbsp;Other tax adjustments |  | —% |  | 2 |  | 0.03 |
| &nbsp;&nbsp;&nbsp;Voyix indemnification expense |  | —% |  | 2 |  | 0.03 |
| &nbsp;&nbsp;Hyperinflationary foreign currency adjustment <sup>(1)</sup> |  | —% |  | 3 |  | 0.04 |
| &nbsp;&nbsp;**Non-GAAP Adjusted Results** | $280 | 26.1% | $159 | $66 | 74.5 | $0.89 |

---

<sup>(1)</sup> Beginning in the second quarter of 2025, we exclude from our Non-GAAP diluted EPS the gain/loss on remeasurement of foreign currency in hyper-inflationary countries. All periods presented have been recast to reflect the new definition.

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**Reconciliation of Net Income (Loss) Attributable to Atleos (GAAP) to Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA) (Non-GAAP)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| ($ in millions) | **Q3 2025** | **% of Revenue** | **Q3 2024** | **% of Revenue** |
| **Net income attributable to Atleos (GAAP)** | $**26** | **2.3%** | $21 | 2.0% |
| Interest expense | **68** | **6.1%** | 79 | 7.3% |
| Interest income | **(2)** | **(0.2)%** | (1) | (0.1)% |
| Income tax expense | **7** | **0.6%** | 10 | 0.9% |
| Depreciation and amortization expense | **43** | **3.8%** | 45 | 4.2% |
| Amortization of acquisition-related intangibles | **24** | **2.1%** | 24 | 2.2% |
| Stock-based compensation expense | **8** | **0.7%** | 9 | 0.8% |
| Separation costs | **1** | **0.1%** | 5 | 0.5% |
| Acquisition-related costs | **3** | **0.3%** | (1) | (0.1)% |
| Transformation and restructuring | **11** | **1.0%** | 7 | 0.7% |
| Voyix indemnification expense | **22** | **2.0%** | 2 | 0.2% |
| Other (income) expense items, net <sup>(1)</sup> | **8** | **0.7%** | 5 | 0.5% |
| **Adjusted EBITDA (Non-GAAP)** | $**219** | **19.5%** | $205 | 19.1% |

---

<sup>(1)</sup> Includes certain income and expense items reported within Other income (expense), net on the Condensed Consolidated Statements of Operations, such as bank fees, the components of pension, postemployment and postretirement expense other than service cost, and the impact of foreign currency fluctuations. Prior to 2025, our calculations of Adjusted EBITDA did not exclude the other (income) expense line item. All periods presented have been recast to reflect the new definition. Additional amounts reported in Other income (expense), net are separately captured in this reconciliation. Therefore, Other (income) expense items, net shown here will not agree to total Other income (expense), net on the Condensed Consolidated Statements of Operations.

**Reconciliation of Net Cash Provided by Operating Activities (GAAP) to Adjusted Free Cash Flow-Unrestricted (Non-GAAP)**

---

| | | |
|:---|:---|:---|
| ($ in millions) | **Q3 2025** | **Q3 2024** |
| **Net cash provided by operating activities** | $**27** | $107 |
| Capital expenditures | **(30)** | (22) |
| Additions to capitalized software | **(13)** | (11) |
| Change in restricted cash settlement activity | **117** | (37) |
| Pension contributions | **12** | 1 |
| Proceeds from ATM sale-leaseback transactions | **11** |  |
| **Adjusted free cash flow-unrestricted** | $**124** | $38 |

---

.

## Exhibit 99.2

![](exhibit992-q32025callsli001.jpg)

1 Third Quarter 2025 Earnings Call Tim Oliver, President & Chief Executive Officer Andy Wamser, Chief Financial Officer Stuart Mackinnon, Chief Operating Officer Thursday, November 6th, 2025

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![](exhibit992-q32025callsli002.jpg)

2 This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements use words such as "estimate," "expect," "target," "anticipate," "outlook," "intend," "plan," "confident," "believe," "will," "would," "potential," "positioned," "may," and words of similar meaning, as well as other words or expressions referencing future events, conditions or circumstances. We intend for these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Act. Statements that describe or relate to NCR Atleos Corporation's ("NCR Atleos," "Atleos" or the "Company") plans, targets, goals, intentions, strategies, or financial outlook, and statements that do not relate to historical or current fact, are examples of forward-looking statements. Examples of forward-looking statements in these materials include, without limitation, statements regarding the future commercial or financial performance of the Company; the expected financial performance of the Company for 2025; our expected areas of focus and strategy to drive growth and profitability and create long-term stockholder value, including key performance indicator targets and expectations for 2025; the Company's focus on advancing strategic growth initiatives and transforming the Company into a software-led ATM as a service company with a higher mix of recurring revenue streams; our expected free cash flow for 2025; our expectations to begin returning cash to stockholders; and our expectations of NCR Atleos' ability to deliver increased value to customers and stockholders. Forward-looking statements are based on our current beliefs, expectations and assumptions, which may not prove to be accurate, and involve a number of known and unknown risks and uncertainties, many of which are out of the Company's control, including the ability to properly assess expenses related to tariffs and other expenses; the failure of NCR Atleos to achieve some or all of the strategic benefits or opportunities expected from the spin-off; our relationships with third parties and any failures of our third party suppliers; interest rate risks, terms governing our trade receivables liabilities; allegations or claims by third parties that our products and services infringe on intellectual property rights of others; NCR Atleos' obligation to indemnify NCR Corporation ("Voyix" or "NCR Voyix") pursuant to the agreements entered into connection with the spin-off (including with respect to material taxes) and the risk NCR Voyix may not fulfill any obligations to indemnify NCR Atleos under such agreements; our separation from parent Company and the perceived reliability of Atleos' financial statements if Atleos is unable to satisfy requirements of Section 404 of the Sarbanes Oxley Act; our ability to retain key employees; our ability to protect our systems and data from cybersecurity threats or other technological risks; extensive competition in our markets; risks related to U.S. immigration policy; risks related to our level of indebtedness; and risks related to evolving global laws and regulations relating to data privacy, data protection and information security. Forward-looking statements are not guarantees of future performance, and there are a number of important factors that could cause actual outcomes and results to differ materially from the results contemplated by such forward-looking statements. As you read and consider this presentation, you should understand that these statements are not guarantees of performance or results. Although the Company believes that assumptions underlying the forward-looking statements contained herein are reasonable, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, any of these statements included herein may prove to be inaccurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that the results or conditions described in such statements or our objectives and plans will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. New risk factors and uncertainties may emerge from time to time, and it is not possible for management to predict all risk factors and uncertainties. Additional information concerning these and other factors identified in "Risk Factors," "Management Discussion and Analysis of Financial Condition and Results of Operations," and "Business," in the Company's most recent report on Form 10-K, quarterly reports on Form 10-Q and other filings with the U.S. Securities and Exchange Commission ("SEC") are available at https://www.sec.gov. You should consider these factors carefully in evaluating forward-looking statements and are cautioned not to place undue reliance on such statements. Forward-Looking Statements

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![](exhibit992-q32025callsli003.jpg)

3 NON-GAAP MEASURES. While Atleos reports its results in accordance with Generally Accepted Accounting Principles in the United States, or GAAP, comments made during this conference call and in these materials will include or make reference to certain "non-GAAP" measures, including, but not limited to: amounts in constant currency or CC, adjusted gross margin rate; adjusted diluted EPS; adjusted free cash flow- unrestricted; adjusted gross margin (non-GAAP); gross profit; core revenues; adjusted EBITDA; adjusted EBITDA margin; and the ratio of net debt to adjusted EBITDA or net leverage ratio. These measures are included to provide additional useful information regarding Atleos' financial results and are not a substitute for their comparable GAAP measures. Explanations of these non-GAAP measures, and reconciliations of these non-GAAP measures to their directly comparable GAAP measures are included in the accompanying "Supplementary Materials" and are available on the Investor Relations page of Atleos' website at www.ncratleos.com. Descriptions of many of these non-GAAP measures are also included in Atleos' SEC reports. REVISION. During the third quarter of 2025, management identified immaterial misstatements in the previously issued financial statements of the Company. The Company evaluated the impact of these misstatements to the previously issued annual and interim financial statements and determined that they are not material to any prior period; however, the Company elected to revise the previously issued financial statements for impacted periods to improve the quality of financial reporting and due to the nature of the adjustments. The financial information included in this presentation reflects the revision. TRADEMARKS. All trademarks, service marks and trade names appearing in this presentation are, to our knowledge, the property of their respective owners. We do not intend our use or display of other companies' trademarks, service marks, copyrights or trade names to imply a relationship with, or endorsement or sponsorship of us by, any other companies. USE OF CERTAIN TERMS. As used in these materials: (i) the term "recurring revenue" includes all revenue streams from contracts where there is a predictable revenue pattern that will occur at regular intervals with a relatively high degree of certainty. This includes hardware and software maintenance revenue, processing revenue, interchange and network revenue, Bitcoin-related revenue, and certain professional services arrangements, as well as term-based software license arrangements that include customer termination rights. (ii) the term "annualized recurring revenue" or "ARR" is recurring revenue, excluding software license sold as a subscription, for the last three months times four, plus the rolling four quarters for term-based software license arrangements that include customer termination rights. (iii) the term "LTM" means last twelve months. (iv) the term "ARPU" means average revenue per unit. (v) the term "ATMaaS" means ATM as a Service, our turnkey, end-to-end ATM platform solution. (iv) the term "Core Revenue" is defined in the accompanying "Supplementary Materials." These presentation materials and the associated remarks made during this conference call are integrally related and are intended to be presented and understood together. Websites referenced in this presentation are not incorporated by reference into the presentation. Notes to Investors

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![](exhibit992-q32025callsli004.jpg)

4 Business Update Tim Oliver President and Chief Executive Officer

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![](exhibit992-q32025callsli005.jpg)

5 2 World-class service infrastructure of proprietary systems and capabilities #1 Largest Independent ATM Network500K+ Leading Provider in Key Markets Self Service ATMs ARPU & Profit Cross-sell Network Solutions Add new banking partners to Network Enhance retail partners in the Network Add new transaction sets Expand to new markets Continuous productivity improvement Lead with innovative devices & solutions Drive adoption of incremental outsourcing #1 ATMaaS and Managed Services Provider Industry Leading Self-Service Banking Solutions Platform

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![](exhibit992-q32025callsli006.jpg)

Strategy is Working 2 0 2 5 G O A L S A C T I O N S Allocate resources and investment to achieve fastest returns while positioning company to capture sustained growth and leadership in industry 6 Grow Efficiently: Prioritize growth initiatives with high-potential returns and strategic value Prioritize Service: Focus on best- in-class performance and availability Embrace Simplicity: Invest in people, systems and processes to become nimbler and easier for customers to conduct business with 3 Q F I N A N C I A L R E S U L T S 6% Core Revenue y/y Growth 19.5% Adjusted EBITDA Margin\* $1.09 Adjusted Diluted EPS\* +22% y/y Growth Focus on continuous improvement including new ways to simplify business processes and improve cost productivity to drive increased customer satisfaction Service First culture manifested through collaborative teams; ability to anticipate and solve for customers' needs \*See supplementary materials for Non-GAAP terms and definitions

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![](exhibit992-q32025callsli007.jpg)

Self-Service Banking Segment 2 7 • ATMaaS expansion in 2 new geographies with wins in the Middle East and Latin America • Growth accelerating in ATMaaS; 40+ new customers added in last 12-mos, Q3 new TCV ~$195M driving higher backlog • Revenue growth of 11% y/y; 21% increase in Adjusted EBITDA\*, fueled by strong performance in ATMaaS, Software & Hardware • Margin expansion of 220bps, driven by a strategic shift to higher-margin regions Financial Results Grow Efficiently Prioritize Service Embrace Simplicity • AI tool lowering repair times and service costs in North America and Europe • Continued sales workflow optimization to accelerate time to revenue and drive scalable sales productivity • Continued customer recognition as evidenced by recent promoter score, +30% from 2024 • Sustained high service levels driving net new wins, including business with 2 of top 10 banks • Optimization of Recycler ATM manufacturing has reduced lead times from months to weeks \*See supplementary materials for Non-GAAP terms and definitions

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![](exhibit992-q32025callsli008.jpg)

Network Segment 2 8 • Revenue -1% y/y - impacted by US immigration policy; strong LTM ARPU +2% y/y • Strong Adjusted EBITDA margins\* sustained despite higher vault cash costs • Tap transactions +~200%; Deposit transactions nearly doubled y/y • Proprietary systems replacing externally sourced service tools, elevating visibility and increasing ATM uptime • Expanded Service Now capabilities, including portal access for Allpoint issuers, accelerating speed to market • Optimization of ATM models installed in network, driving efficiencies of scale benefits • Launched branding partnership expansion with a top 10 U.S. bank • Initiatives to recapture gig economy transaction volume successful • Canada fleet extension offsets pharmacy decline Financial Results Grow Efficiently Prioritize Service Embrace Simplicity \*See supplementary materials for Non-GAAP terms and definitions

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![](exhibit992-q32025callsli009.jpg)

1 2 3 4 5 Investment Thesis 2 Building a track record of transparency and consistent financial performance; separation transaction behind us Leading global installed base and industry-best service levels Outsourcing of physical transactions and cash management by banks and retailers accelerating Predictable free cash flow, steadily improving balance sheet, and a plan to begin returning cash to stockholders 9 World's most comprehensive and scalable financial access solutions offering

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![](exhibit992-q32025callsli010.jpg)

10 Financial Review Andy Wamser Chief Financial Officer

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![](exhibit992-q32025callsli011.jpg)

11 Q3: Executing to Growth & Margin Expansion Goals $ in millions, except per share amounts 70% +6% y/y Core Consolidated Adjusted EBITDA & Margin\* Non-GAAP Diluted EPS\* Consolidated Revenue/Recurring +7% y/y +22% y/y Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 $205 $219 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 $0.89 $1.09 • Adjusted EBITDA\* of $219 million, increased 7% y/y • Adjusted EBITDA margin\* expanded 40 bps y/y to 19.5% • Adjusted EPS\* of $1.09, impressive growth of 22% y/y • Adjusted EPS\* benefitting from topline expansion coupled with lower interest expense • Core Revenue of $1,112M increased 6% y/y, driven by growth in self- service banking • Core Recurring Revenue mix of 70%; 73% excluding hardware- related growth Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Recurring Core Non-Recur Core Non-Core $1,050 74% $1,073 $1,112 70% $1,121 19.1% 19.5% \*See supplementary materials for Non-GAAP terms and definitions

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![](exhibit992-q32025callsli012.jpg)

12 Strong Free Cash Flow and Financial Position $ in millions (1) Refer to the supplementary section for a reconciliation of Net Income to Adjusted EBITDA and Cash from Operating activities to Adjusted Free Cash Flow-Unrestricted (2) Reflects management's assessment for Q3 2025 capital expenditures. (3) Cash and cash equivalents as presented in our Condensed Consolidated Balance Sheet. (4) Refer to the definitions in the supplementary section of the presentation. Balance Sheet & Liquidity September 30, 2025 Liquidity $760 Revolving Credit Availability $348 Cash (unrestricted)(3) $412 Total Debt $2,869 Net Debt(4) $2,457 Net Leverage Ratio(4) 2.99X Free Cash Flow Q3 2025 Adjusted EBITDA(1) $219 Capital Expenditures ($43) Inventory Capitalized ($15) Adjusted Capital Expenditures ($58) Maintenance capital expenditures(2) ($13) Growth capital expenditures(2) ($22) ATMaaS capital expenditures(2) ($23) Cash paid for Taxes ($12) Cash paid for Interest ($38) Change in Working Capital $13 Adj. Free Cash Flow – Unrestricted(1) $124

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![](exhibit992-q32025callsli013.jpg)

Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 13 Key Financials Revenue Recurring Revenue Mix % ARR Key Metrics Adjusted EBITDA & Margin\* Self-Service Banking +11% y/y +21% y/y Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 $672 $162 $196 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 • Revenue growth of +11% y/y driven by continued strong hardware demand and accelerating ATMaaS offering • Recurring revenue mix was 57%; Q2 & Q3 impacted by the anticipated step-up in hardware demand Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 61% 57% $1,645 $1,712 • Impressive Adjusted EBITDA\* growth of +21% y/y, margin expanded 220 bps to 26.3% • ARR increased +4% y/y and remained strong sequentially 24.1% 26.3% $ in millions $744 \*See supplementary materials for Non-GAAP terms and definitions

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![](exhibit992-q32025callsli014.jpg)

14 Key Financials ARR (in millions) LTM ARPU (in thousands) Revenue Gross Profit(1) Key Metrics $ in millions, except ARPU ATMaaS +37% y/y +65% y/y Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 $49 $67 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 $16.1 $196 $268 $8.8 $8.3 • Revenue grew a strong 37% y/y, continued growth fueled by expanding customer base in high ARPU geographies • ARR run-rate is tracking toward full-year target, reinforcing growth momentum and execution confidence • Significant step-up in gross profit,+65% y/y, notable gross margin expansion of ~700 bps to 40% • ARPU reflects continued growth in asset light deals (1) Gross Profit includes management's estimate of certain cost allocations. $26.6

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![](exhibit992-q32025callsli015.jpg)

15 Key Financials Key Metrics $ in millions Revenue Adjusted EBITDA & Margin\* LTM ARPU (in thousands) Network Managed Units (in thousands) Network -1% y/y -9% y/y Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 $328$332 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 $102 $93 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 $15.9 $16.2 80 81 • Revenue decreased 1% y/y amidst U.S. immigration policies impacting prepaid payroll card softness • LTM ARPU increased 2% y/y sustaining record highs • Adjusted EBITDA and margin\* primarily impacted by anticipated higher vault cash costs 30.7% 28.4% \*See supplementary materials for Non-GAAP terms and definitions

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![](exhibit992-q32025callsli016.jpg)

16 Ability to Generate Meaningful Shareholder Value 2 Bolt-on M&A • Target return of >25% IRR Strategic investments • Invest into business to capture growth Share repurchase • $200M authorization announced 8/25; plan to begin repurchases in Q4 Improving Capital Structure • Potential significant refinancing opportunity in 2026 Recurring Revenue Model • Predictable & growing cash flow • Scalable infrastructure • Flexibility to reduce debt, return capital to shareholders and invest for growth / M&A

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![](exhibit992-q32025callsli017.jpg)

17 FY 2025 Outlook $ in millions, except percentages and per share amounts FY 2025 Targets 2025 Guidance 2024 Base(3) Core Revenue (excludes Voyix) 3% to 6% growth constant currency (est. FX impact -2%) $4,175 Total Revenue 1% to 3% growth constant currency (est. FX impact -2%) Assumes Voyix related revenue down ~$100M $4,317 Total Adjusted EBITDA(1) 7% to 10% growth constant currency (est. FX impact -1%) $794 Fully Diluted EPS (non-GAAP) (2) 21% to 27% growth $3.22 Adj. Free Cash Flow – Unrestricted $260 - $300 million $242 (1) Our Adjusted EBITDA calculation previously included certain amounts reported in Other income (expense), net. Beginning in 2025, we exclude total Other income (expense), net from our Adjusted EBITDA calculation, which in 2024 would have resulted in Adjusted EBITDA of $794 million, not including the impact of the revisions to our 2024 financial statements discussed in the section entitled "Notes to Investors." (2) Incorporates consensus average SOFR rates for the year in interest expense. (3) The 2024 base does not reflect the impact of the revisions to our 2024 financial statements discussed in the section entitled "Notes to Investors," or the change in our definition of Non-GAAP diluted EPS discussed in the supplementary section of this presentation, as those changes do not impact the guided ranges we have previously communicated.

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![](exhibit992-q32025callsli018.jpg)

SUPPLEMENTARY MATERIALS 18

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![](exhibit992-q32025callsli019.jpg)

Capital Structure Borrowings Balance as of Q3'25 Base Index Spread/Coupon Maturity Revolving Credit Facility 225M TSFR+ 250 bps 10/16/2028 Term Loan A - 1 725M TSFR+ 250 bps 10/16/2028 Term Loan A - 2 289M TFSR+ 250 bps 10/16/2028 Term Loan B 320M TFSR+ 300 bps 4/16/2029 9.5% Senior Notes due 2029 1,350M Fixed Coupon 9.50% 4/1/2029 Deferred Fees (43M) Other 3M Total Debt Outstanding $2,869M • Credit Profile • Credit ratings have improved since the split from legacy NCR Corp. with Moody's upgraded to B1 and S&P remaining stable at B+ • Repriced Term Loan B from S+375 to S+300 generating over $2.4 million in annual cost savings and reinforcing our financial agility for future capital markets opportunities • Senior notes are callable in October 2026 at 104.75 currently trading at ~108 • Net Leverage Ratio at 2.99x at quarter end 19

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![](exhibit992-q32025callsli020.jpg)

Recurring revenue - all revenue streams from contracts where there is a predictable revenue pattern that will occur at regular intervals with a relatively high degree of certainty. This includes hardware and software maintenance revenue, processing revenue, interchange and network revenue, Bitcoin-related revenue, and certain professional services arrangements, as well as term-based software license arrangements that include customer termination rights. Annualized recurring revenue or "ARR"- recurring revenue, excluding software licenses sold as a subscription, for the last three months times four, plus the rolling four quarters for term-based software license arrangements that include customer termination rights. Core revenue - refers to the revenue of our reportable segments (Self-Service Banking, Network, and T&T). We use the term "core" to describe our total segment revenue excluding revenue related to our "Other" (or "Non-Core") business operations, including commerce-related operations in countries that Voyix exited that are aligned to Atleos and revenues from commercial agreements with Voyix. These non-core revenues are excluded because they are not part of Atleos' ongoing planned business operations. Net Debt - is based on Atleos' total debt less cash and cash equivalents, with total debt being defined as total short-term borrowings plus total long-term debt as presented on the face of the Condensed Consolidated Balance Sheets. Atleos believes that Net Debt provides useful information to investors because Atleos' management reviews Net Debt as part of its management of overall liquidity, financial flexibility, capital structure and leverage. In addition, certain debt rating agencies, creditors and credit analysts monitor Atleos' Net Debt as part of their assessments of Atleos' business. LTM - Last twelve months ARPU - average revenue per unit ATM - Automated teller machine ATM as a Service ("ATMaaS") - our turnkey, end-to-end ATM platform solution, whereby we provide comprehensive managed services solutions to financial institutions. As of September 30, 2025, we had 33.2 thousand ATMaaS units. Liquidity - Borrowing capacity under our senior secured Revolving Credit Facility plus unrestricted cash and cash equivalents Hardware revenue - revenue related to ATM and other hardware sales Services revenue - revenue related to hardware and software maintenance, professional services, and ATMaaS Software revenue - revenue related to software license, software maintenance and professional installation services Transactional revenue - revenue related to payment transaction processing services, interchange and other network revenue as well as Bitcoin-related revenue Certain Terms & Key Performance Indicators (KPIs) 20

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![](exhibit992-q32025callsli021.jpg)

While Atleos reports its results in accordance with Generally Accepted Accounting Principles in the United States, or GAAP, comments made during this conference call and in these materials will include non-GAAP measures. Atleos' definitions and calculations of these non-GAAP measures may differ from similarly-titled measures reported by other companies and cannot, therefore, be compared with similarly-titled measures of other companies. These non-GAAP measures should not be considered as substitutes for, or superior to, results determined in accordance with GAAP. Atleos believes these measures are useful for investors because they provide a more complete understanding of Atleos' underlying operational performance, as well as consistency and comparability with Atleos' past reports of financial results. Adjusted Gross Profit (Non-GAAP), Adjusted Operating Expenses (non-GAAP), Adjusted Income from Operations (Non-GAAP), Adjusted Interest and Other Income (Expense) (non-GAAP), Adjusted Income Tax Expense (non-GAAP), Adjusted Net Income from Continuing Operations Attributable to Atleos (non- GAAP) and Diluted Earnings per Share (Non-GAAP) are calculated as GAAP gross profit, operating expenses, income from operations, interest and other income (expense), income taxes, net income attributable to Atleos, and diluted earnings per share, respectively, excluding, as applicable, acquisition-related costs; pension mark-to-market adjustments and other one-time pension-related costs; separation-related costs; amortization of acquisition-related intangibles; stock-based compensation expense; transformation and restructuring charges (which includes integration, severance, divestiture and other exit and disposal costs); Voyix legal and environmental indemnification expense; foreign currency remeasurement gain/loss in hyper-inflationary countries; and other non- recurring or unusual items. Management uses these non-GAAP measures to compare performance consistently over various periods. Adjusted Diluted Earnings per Share (Non-GAAP) definition change The Company recognizes foreign currency gains and losses as a result of remeasuring the local currency denominated monetary assets and liabilities for countries designated as hyper-inflationary economies. Beginning in the second quarter of 2025, we exclude from our Non-GAAP diluted EPS the gains and losses on remeasurement of foreign currency balances in hyper-inflationary countries. Management believes excluding these gains or losses is useful as it allows investors to evaluate our performance for different periods on a more comparable basis. Historical periods in this release have been recast to reflect the change in definition. Adjusted Gross Margin (Non-GAAP) and Adjusted Operating Margin Rate (non-GAAP) are calculated based on Adjusted Gross Profit (Non-GAAP) and Adjusted Income from Operations (Non-GAAP), respectively, as a percentage of total revenue. Management uses these non-GAAP measures to compare performance consistently over various periods. Adjusted Effective Income Tax Rate (non-GAAP) is calculated based on Adjusted Income Tax Expense (non-GAAP) divided by Adjusted pre-tax income (Adjusted Income from Operations (non-GAAP) less Adjusted Interest and Other Income (Expense) (non-GAAP)). Management uses this non-GAAP measure to compare performance consistently over various periods. NON-GAAP MEASURES 21

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![](exhibit992-q32025callsli022.jpg)

Adjusted Free Cash Flow-Unrestricted (FCF) is calculated as net cash provided by operating activities less capital expenditures, less additions to capitalized software, plus/minus the change in restricted cash settlement activity, plus proceeds from certain sale-leaseback transactions, plus pension contributions and settlements, and plus legal and environmental indemnification payments made to Voyix. Restricted cash settlement activity represents the net change in amounts collected on behalf of, but not yet remitted to, certain of the Company's merchant customers or third-party service providers that are pledged for a particular use or restricted to support these obligations. These amounts can fluctuate significantly period to period based on the number of days for which settlement has not yet occurred or day of the week on which a reporting period ends. We believe this non-GAAP measure is useful for investors because it indicates the amount of cash available for, among other things, investments in our existing businesses or strategic acquisitions, as well as other non-discretionary expenditures including repayment of our debt obligations. Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA) is calculated as GAAP Net income (loss) attributable to Atleos plus interest expense, net; plus income tax expense (benefit); plus depreciation and amortization; plus acquisition-related costs; plus pension mark-to-market adjustments and other one-time pension-related costs; plus separation-related costs; plus transformation and restructuring charges (which includes integration, severance, divestiture and other exit and disposal costs); plus stock-based compensation expense; plus Voyix legal and environmental indemnification expense; plus other amounts included in Other income (expense), net. Management uses this non-GAAP measure to compare performance consistently over various periods. Adjusted EBITDA margin is calculated based on Adjusted EBITDA as a percentage of total revenue. Adjusted EBITDA margin by segment is calculated based on segment Adjusted EBITDA divided by the related segment component of revenue. Management uses this non-GAAP measure to compare performance consistently over various periods. NON-GAAP MEASURES 22

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![](exhibit992-q32025callsli023.jpg)

Net Leverage Ratio is calculated by dividing Net Debt by trailing twelve-month Adjusted EBITDA. Management believes this ratio provides useful information to investors because it is an indicator of the Company's ability to meet its future financial obligations. In addition, the net leverage ratio is a measure frequently used by investors and credit rating agencies. Constant Currency (CC) excludes the effects of foreign currency translation by translating prior period results at current period monthly average exchange rates. Due to the overall variability of foreign exchange rates from period to period, management uses constant currency measures to compare performance consistently over various periods. With respect to our Adjusted EBITDA, adjusted free cash flow-unrestricted and non-GAAP diluted earnings per share forward-looking guidance, we do not provide a reconciliation of the respective GAAP measures because we are not able to predict with reasonable certainty the reconciling items that may affect the GAAP net income, GAAP cash flow from operating activities and GAAP diluted earnings per share without unreasonable effort. The reconciling items are primarily the future impact of special tax items, capital structure transactions, restructuring, pension mark-to-market transactions, acquisitions or divestitures, or other events. These reconciling items are uncertain, depend on various factors and could significantly impact, either individually or in the aggregate, the GAAP measures. These non-GAAP measures are reconciled to their corresponding GAAP measures in the following slides and elsewhere in these materials. These reconciliations and other information regarding these non-GAAP measures are also available on the Investor Relations page of Atleos' website at www.ncratleos.com. NON-GAAP MEASURES 23

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![](exhibit992-q32025callsli024.jpg)

Q3 2025 Q3 2024 % Change Revenue $1,121 $1,073 4% Gross Margin 271 256 6% Gross Margin Rate 24.2% 23.9% Operating Expenses 161 142 13% % of Revenue 14.4% 13.2% Operating Income 110 114 (4)% % of Revenue 9.8% 10.6% Interest and other expense, net (77) (84) (8)% Income Tax Expense 7 10 (30)% Effective Income Tax Rate 21.2% 33.3% Net Income (Loss) attributable to Atleos $26 $21 24% Diluted EPS attributable to Atleos $0.34 $0.28 21% $ in millions, except per share amounts Q3 2025 GAAP RESULTS 24

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![](exhibit992-q32025callsli025.jpg)

Q3 2025 Q3 2024 % Change Revenue $1,121 $1,073 4% Adjusted Gross Margin (non-GAAP) 297 280 6% Adjusted Gross Margin Rate (non-GAAP) 26.5% 26.1% Adjusted Operating Expenses (non-GAAP) 121 121 —% % of Revenue 10.8% 11.3% Adjusted Income from Operations (non-GAAP) 176 159 11% % of Revenue (Adjusted Operating Margin Rate) 15.7% 14.8% Adjusted Interest and other expense (non-GAAP) (73) (80) (9)% Adjusted Income Tax Expense (non-GAAP) 20 14 43% Adjusted Effective Income Tax Rate (non-GAAP) 19.4% 17.7% Adjusted Net Income attributable to Atleos (non-GAAP) $83 $66 26% Adjusted Diluted EPS (non-GAAP)(1) $1.09 $0.89 22% $ in millions, except per share amounts Q3 2025 OPERATIONAL RESULTS (Non-GAAP) 25 (1) Beginning in the second quarter of 2025, we exclude from our Non-GAAP diluted EPS the gain/loss on remeasurement of foreign currency in hyper-inflationary countries. All periods presented have been recast to reflect the new definition.

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![](exhibit992-q32025callsli026.jpg)

Q3 2025 % of Revenue Q3 2024 % of Revenue Net Income Attributable to Atleos (GAAP) $26 2.3% $21 2.0% Interest expense 68 6.1% 79 7.3% Interest income (2) (0.2)% (1) (0.1)% Income taxes 7 0.6% 10 0.9% Depreciation and amortization 43 3.8% 45 4.2% Amortization of acquisition-related intangibles 24 2.1% 24 2.2% Stock-based compensation expense 8 0.7% 9 0.8% Separation costs 1 0.1% 5 0.5% Acquisition-related costs 3 0.3% (1) (0.1)% Transformation & restructuring costs 11 1.0% 7 0.7% Voyix indemnification expense 22 2.0% 2 0.2% Other (income) expense items, net(1) 8 0.7% 5 0.5% Adjusted EBITDA (non-GAAP) $219 19.5% $205 19.1% GAAP TO NON-GAAP RECONCILIATION $ in millions 26 (1) Includes certain income and expense items reported within Other income (expense), net on the Condensed Consolidated Statements of Operations, such as bank fees, the components of pension, postemployment and postretirement expense other than service cost, and the impact of foreign currency fluctuations. Prior to 2025, our calculations of Adjusted EBITDA did not exclude these items. All periods presented have been recast to reflect the new definition. Additional amounts reported in Other income (expense), net are separately captured in this reconciliation. Therefore, Other (income) expense items, net shown here will not agree to total Other income (expense), net on the Condensed Consolidated Statements of Operations.

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![](exhibit992-q32025callsli027.jpg)

Q2 2025 % of Revenue Q1 2025 % of Revenue Q4 2024 % of Revenue Net Income Attributable to Atleos (GAAP) $39 3.5% $14 1.4% $41 3.7% Interest Expense 69 6.3% 67 6.9% 72 6.5% Interest Income (1) (0.1)% (1) (0.1)% (2) (0.2)% Income Taxes 19 1.7% 9 0.9% 26 2.3% Depreciation and amortization expense 44 4.0% 42 4.4% 44 4.0% Amortization of acquisition-related intangibles 24 2.2% 23 2.3% 23 2.1% Stock-based compensation expense 8 0.7% 9 0.9% 10 0.9% Separation costs 6 0.5% 2 0.2% 2 0.2% Acquisition-related Costs 1 0.1% — —% — —% Transformation and restructuring costs (11) (1.0)% 1 0.1% 8 0.7% Voyix indemnification expense 1 0.1% 4 0.4% 12 1.1% Pension mark-to-market adjustments — —% — —% (38) (3.4)% Loss on Debt Extinguishment — —% — —% 24 2.2% Other income (expense) items, net(1) 4 0.4% 2 0.2% 7 0.6% Adjusted EBITDA (non-GAAP) $203 18.4% $172 17.6% $229 20.7% GAAP TO NON-GAAP RECONCILIATION $ in millions 27 (1) Includes certain income and expense items reported within Other income (expense), net on the Condensed Consolidated Statements of Operations, such as bank fees, the components of pension, postemployment and postretirement expense other than service cost, and the impact of foreign currency fluctuations. Prior to 2025, our calculations of Adjusted EBITDA did not exclude these items. All periods presented have been recast to reflect the new definition. Additional amounts reported in Other income (expense), net are separately captured in this reconciliation. Therefore, Other (income) expense items, net shown here will not agree to total Other income (expense), net on the Condensed Consolidated Statements of Operations.

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![](exhibit992-q32025callsli028.jpg)

Q3 2025 Q3 2024 Income from Operations (GAAP) $110 $114 Transformation and restructuring costs 9 7 Stock-based compensation expense 8 9 Acquisition-related amortization of intangibles 24 24 Acquisition-related costs 2 — Separation costs 1 5 Voyix indemnification expense 22 — Depreciation and Amortization 43 45 Non-controlling interest — 1 Adjusted EBITDA (non-GAAP) $219 $205 GAAP TO NON-GAAP RECONCILIATION $ in millions 28

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![](exhibit992-q32025callsli029.jpg)

GAAP TO NON-GAAP RECONCILIATION $ in millions Gross Margin Gross Margin rate Operating Expenses Income from operations Interest & Other Expenses, Net Income Tax Expense (Benefit) Effective Income Tax Rate Net Income attributable to Atleos GAAP Results $271 24.2% $161 $110 $(77) $7 21.2% $26 Plus: Special Items Transformation and restructuring costs 4 0.3% (5) 9 2 1 10 Stock-based compensation expense 1 0.1% (7) 8 — 1 7 Amortization of acquisition-related intangibles 20 1.8% (4) 24 — 5 19 Acquisition-related costs — —% (2) 2 1 1 2 Separation costs 1 0.1% — 1 — — 1 Voyix indemnification expense — —% (22) 22 — 5 17 Hyperinflationary countries(1) — —% — — 1 — 1 Non-GAAP Adjusted Results $297 26.5% $121 $176 $(73) $20 19.4% $83 Q3 2025 29 (1) Beginning in the second quarter of 2025, we exclude from our Non-GAAP Adjusted Net Income attributable to Atleos the gain/loss on remeasurement of foreign currency in hyper-inflationary countries. All periods presented have been recast to reflect the new definition.

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![](exhibit992-q32025callsli030.jpg)

GAAP TO NON-GAAP RECONCILIATION $ in millions Gross Margin Gross Margin rate Operating Expenses Income from operations Interest & Other Expenses, Net Income Tax Expense (Benefit) Effective Income Tax Rate Net Income (Loss) attributable to Atleos GAAP Results $256 23.9% $142 $114 $(84) $10 33.3% $21 Plus: Special Items Transformation and restructuring costs 2 0.2% (5) 7 — — 7 Stock-based compensation expense 1 0.1% (8) 9 — 1 8 Amortization of acquisition-related intangibles 20 1.8% (4) 24 — 5 19 Acquisition-related costs — —% — — (1) — (1) Separation costs 1 0.1% (4) 5 — — 5 Voyix indemnification expense — —% — — 2 — 2 Hyperinflationary countries(1) — —% — — 3 — 3 Valuation Allowance and other tax adjustments — —% — — — (2) 2 Non-GAAP Adjusted Results $280 26.1% $121 $159 $(80) $14 17.7% $66 Q3 2024 30 (1) Beginning in the second quarter of 2025, we exclude from our Non-GAAP Adjusted Net Income attributable to Atleos the gain/loss on remeasurement of foreign currency in hyper-inflationary countries. All periods presented have been recast to reflect the new definition.

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![](exhibit992-q32025callsli031.jpg)

GAAP TO NON-GAAP RECONCILIATION Q3 2025(1) Q2 2025(1) Q1 2025(1) Q4 2024(1) Q3 2024(1) GAAP Diluted Earnings per Share $0.34 $0.52 $0.19 $0.55 $0.28 Plus: Special Items Transformation and restructuring costs 0.13 (0.12) 0.01 0.09 0.09 Stock-based compensation expense 0.09 0.09 0.12 0.13 0.11 Acquisition-related amortization of intangibles 0.26 0.24 0.23 0.27 0.26 Acquisition-related costs 0.03 0.01 — — (0.01) Separation costs 0.01 0.08 0.01 0.04 0.06 Voyix indemnification expense 0.22 0.01 0.04 0.12 0.03 Valuation allowance and other tax adjustments — — — — 0.03 Loss on debt extinguishment — — — 0.32 — Pension mark-to-market adjustments — — — (0.39) — Hyperinflationary countries(2) 0.01 0.06 0.04 0.04 0.04 Non-GAAP Diluted Earnings per Share $1.09 $0.89 $0.64 $1.17 $0.89 31 (1) Based upon the weighted average diluted shares of 76.0 million, 74.9 million, 75.2 million, 75.0 million, and 74.5 million for the three months ended September 30, 2025, June 30, 2025, March 31, 2025, December 31, 2024, and September 30, 2024 respectively. (2) Beginning in the second quarter of 2025, we exclude from our Non-GAAP diluted EPS the gain/loss on remeasurement of foreign currency in hyper-inflationary countries. All periods presented have been recast to reflect the new definition.

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![](exhibit992-q32025callsli032.jpg)

\* Figures presented in this table are calculated in accordance with U.S. GAAP. In accordance with ASC 280, Segment Reporting, the Company uses Adjusted EBITDA to assess segment performance and allocate the Company resources. No other measures, including income from operations, are considered by management in assessing performance nor does the chief operating decision maker use income from operations when assessing performance. Therefore, Adjusted EBITDA is considered the Company's GAAP measure of segment profit or loss. The supplementary segment-level information included on this slide is provided for modeling purposes only. (1) Other represents certain other immaterial business operations, including commerce-related operations in countries that Voyix exited that are aligned to Atleos, that do not represent a reportable segment. Other also includes revenues from commercial agreements with Voyix. (2) Corporate includes income and expenses related to corporate functions that are not specifically attributable to an individual reportable segment. (3) Selling, general and administrative expenses is presented as "SG&A" and research and development expenses is presented as "R&D" above. Self-Service Banking Network T&T Other(1) Corporate(2) Unallocated Total Product Revenue $260 $13 $1 $— $— $274 Service Revenue $484 $315 $39 $9 $— $847 Total Revenue $744 $328 $40 $9 $— $1,121 Cost of Products $191 $12 $1 $2 $13 $219 Cost of Services $326 $245 $28 $8 $24 $631 SG&A and R&D Expenses(3) $46 $27 $4 $— $84 $161 Income from Operations $181 $44 $7 $(1) $(121) $110 Q3 2025 SEGMENT RESULTS - GAAP\* $ in millions 32

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![](exhibit992-q32025callsli033.jpg)

Self-Service Banking Network T&T Other(1) (4) Corporate(2) (4) Unallocated Total(4) Product Revenue $260 $13 $1 $— $— $274 Service Revenue $484 $315 $39 $9 $— $847 Total Revenue $744 $328 $40 $9 $— $1,121 Adjusted Cost of Products (non-GAAP) $190 $12 $1 $— $13 $216 Adjusted Cost of Services (non-GAAP) $326 $224 $27 $9 $22 $608 Adjusted SG&A and R&D Expenses(3) (non-GAAP) $46 $24 $4 $— $47 $121 Adjusted Income from Operations (non-GAAP) $182 $68 $8 $— $(82) $176 Adjusted EBITDA(4) $196 $93 $8 $— $(78) $219 Q3 2025 SEGMENT RESULTS - NON-GAAP $ in millions 33 (1) Other represents certain other immaterial business operations, including commerce-related operations in countries that Voyix exited that are aligned to Atleos, that do not represent a reportable segment. For periods after the separation from Voyix, Other also includes revenues from commercial agreements with Voyix. (2) Corporate includes income and expenses related to corporate functions that are not specifically attributable to an individual reportable segment. (3) Selling, general and administrative expenses is presented as "SG&A" and research and development expenses is presented as "R&D" above. (4) In accordance with ASC 280, Segment Reporting, the Company uses Adjusted EBITDA to measure segment performance. Therefore, Adjusted EBITDA for the reportable segments is considered its GAAP measure of segment profit or loss. We have provided Adjusted EBITDA for Other, Corporate and Total Company on a supplementary basis in order to facilitate a reconciliation of total Adjusted EBITDA to consolidated net income. Supplementary segment-level information provided on this slide is for modeling purposes only and is not considered by Company management in assessing segment performance.

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![](exhibit992-q32025callsli034.jpg)

GAAP\* Transformation Costs Stock Based Compensation Acquisition Related Amortization of Intangibles Corporate Acquisition- Related Costs Separation Costs Voyix Indemnification Expense Non-GAAP Self Service Banking $191 $(1) $— $— $— $— $— $190 Network 12 — — — — — — 12 T&T 1 — — — — — — 1 Other 2 (2) — — — — — — Corporate Unallocated 13 — — — — — — 13 Total Cost of Products $219 $(3) $— $— $— $— $— $216 Self Service Banking $326 $— $— $— $— $— $— $326 Network 245 (2) — (19) — — — 224 T&T 28 — — — — (1) — 27 Other 8 2 — (1) — — — 9 Corporate Unallocated 24 (1) (1) — — — — 22 Total Cost of Services $631 $(1) $(1) $(20) $— $(1) $— $608 Self Service Banking $46 $— $— $(1) $— $1 $— $46 Network 27 — — (3) — — — 24 T&T 4 — — — — — — 4 Other — — — — — — — — Corporate Unallocated 84 (5) (7) — (2) (1) (22) 47 Total SG&A and R&D Expenses $161 $(5) $(7) $(4) $(2) $— $(22) $121 Self Service Banking $181 $1 $— $— $— $— $— $182 Network 44 1 — 23 — — — 68 T&T 7 — — 1 — — — 8 Other (1) 1 — — — — — — Corporate Unallocated (121) 6 8 — 2 1 22 (82) Total Income from Operations $110 $9 $8 $24 $2 $1 $22 $176 Q3 2025 GAAP TO NON-GAAP Segment Reconciliation $ in millions 34 \*Figures presented in this column are calculated in accordance with U.S. GAAP. This reconciliation is provided to facilitate an understanding of the supplementary segment-level information provided on the preceding slides and the adjustments to arrive at the non-GAAP amounts.

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![](exhibit992-q32025callsli035.jpg)

GAAP\* Transformation Costs Stock Based Compensation Acquisition Related Amortization of Intangibles Separation Costs Non-GAAP Self Service Banking $167 $— $— $— $— $167 Network 13 — — — — 13 T&T 3 — — — — 3 Other 7 — — — — 7 Corporate Unallocated 11 — — — — 11 Total Cost of Products $201 $— $— $— $— $201 Self Service Banking $315 $(1) $— $(1) $— $313 Network 236 — — (19) — 217 T&T 30 — — — — 30 Other 13 — — — — 13 Corporate Unallocated 22 (1) (1) — (1) 19 Total Cost of Services $616 $(2) $(1) $(20) $(1) $592 Self Service Banking $44 $— $— $— $— $44 Network 31 (1) — (3) — 27 T&T 4 — — — — 4 Other 1 — — — — 1 Corporate Unallocated 62 (4) (8) (1) (4) 45 Total SG&A and R&D Expenses $142 $(5) $(8) $(4) $(4) $121 Self Service Banking $146 $1 $— $1 $— $148 Network 52 1 — 22 — 75 T&T 9 — — — — 9 Other 2 — — — — 2 Corporate Unallocated (95) 5 9 1 5 (75) Total Income from Operations $114 $7 $9 $24 $5 $159 Q3 2024 GAAP TO NON-GAAP Segment Reconciliation $ in millions 35 \*Figures presented in this column are calculated in accordance with U.S. GAAP. This reconciliation is provided to facilitate an understanding of the supplementary segment-level information provided on the preceding slides and the adjustments to arrive at the non-GAAP amounts.

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![](exhibit992-q32025callsli036.jpg)

Services & Software and Hardware Fuels Topline & Profit Growth $ in millions (1) Adjusted gross profit (non-GAAP) for the product lines include management's estimates of certain cost allocations. Supplementary product information provided on this slide is for modeling purposes only and is not considered by Company management in assessing segment performance. Revenue Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Services & Software $536 $557 $522 $554 $558 Transactional (Network segment) 325 309 293 312 319 Hardware 189 215 150 226 235 Total Core Revenues $1,050 $1,081 $965 $1,092 $1,112 Other – Voyix 23 27 14 10 9 Total Atleos Revenue $1,073 $1,108 $979 $1,102 $1,121 Gross Profit (Non-GAAP)(1) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Services & Software $178 $198 $175 $185 $192 Transactional (Network Segment) 99 107 81 76 87 Hardware 30 44 26 46 53 Corporate unallocated (30) (32) (30) (33) (35) Total Core Gross Profit (Non-GAAP) $277 $317 $252 $274 $297 Other – Voyix 3 3 2 - - Total Atleos Gross Profit (Non-GAAP) $280 $320 $254 $274 $297 36

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![](exhibit992-q32025callsli037.jpg)

GAAP\* Transformation Costs Stock Based Compensation Acquisition Related Amortization of Intangibles Non-GAAP GROSS PROFIT(1) Software and Services $192 $— $— $— $192 Transactional 66 2 — 19 87 Hardware 52 — — 1 53 Corporate unallocated (36) — 1 — (35) Total Core Gross Profit(1) 274 2 1 20 297 Other - Voyix (3) 3 — — — Total Atleos Gross Profit(1) $271 $5 $1 $20 $297 Q3 2025 GAAP TO NON-GAAP Product Reconciliation $ in millions 37 \*Figures presented in this column are calculated in accordance with U.S. GAAP. This reconciliation is provided to facilitate an understanding of the supplementary product-level information provided in this presentation and the adjustments to arrive at the non-GAAP amounts. Supplementary product-level information provided on this slide is for modeling purposes only and is not considered by Company management, including the chief operating decision maker, in assessing segment performance. (1) Product level adjusted gross profit (non-GAAP) includes management's estimates of certain cost allocations among the product categories.

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![](exhibit992-q32025callsli038.jpg)

GAAP\* Transformation Costs Stock Based Compensation Acquisition Related Amortization of Intangibles Non-GAAP GROSS PROFIT(1) Software and Services $185 $— $— $— $185 Transactional 58 (1) — 19 76 Hardware 43 2 — 1 46 Corporate unallocated (34) (1) 2 — (33) Total Core Gross Profit(1) 252 — 2 20 274 Other - Voyix — — — — — Total Atleos Gross Profit(1) $252 $— $2 $20 $274 Q2 2025 GAAP TO NON-GAAP Product Reconciliation $ in millions 38 \*Figures presented in this column are calculated in accordance with U.S. GAAP. This reconciliation is provided to facilitate an understanding of the supplementary product-level information provided in this presentation and the adjustments to arrive at the non-GAAP amounts. Supplementary product-level information provided on this slide is for modeling purposes only and is not considered by Company management, including the chief operating decision maker, in assessing segment performance. (1) Product level adjusted gross profit (non-GAAP) includes management's estimates of certain cost allocations among the product categories.

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![](exhibit992-q32025callsli039.jpg)

GAAP\* Transformation Costs Stock Based Compensation Acquisition Related Amortization of Intangibles Non-GAAP GROSS PROFIT(1) Software and Services $175 $— $— $— $175 Transactional 61 1 — 19 81 Hardware 25 — — 1 26 Corporate unallocated (31) — 1 — (30) Total Core Gross Profit(1) 230 1 1 20 252 Other - Voyix 2 — — — 2 Total Atleos Gross Profit(1) $232 $1 $1 $20 $254 Q1 2025 GAAP TO NON-GAAP Product Reconciliation $ in millions 39 \*Figures presented in this column are calculated in accordance with U.S. GAAP. This reconciliation is provided to facilitate an understanding of the supplementary product-level information provided in this presentation and the adjustments to arrive at the non-GAAP amounts. Supplementary product-level information provided on this slide is for modeling purposes only and is not considered by Company management, including the chief operating decision maker, in assessing segment performance. (1) Product level adjusted gross profit (non-GAAP) includes management's estimates of certain cost allocations among the product categories.

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![](exhibit992-q32025callsli040.jpg)

GAAP\* Transformation Costs Stock Based Compensation Acquisition Related Amortization of Intangibles Separation Costs Non-GAAP GROSS PROFIT(1) Software and Services $198 $— $— $— $— $198 Transactional 88 — — 19 — 107 Hardware 44 — — — — 44 Corporate unallocated (35) 2 2 — (1) (32) Total Core Gross Profit(1) 295 2 2 19 (1) 317 Other - Voyix 3 — — — — 3 Total Atleos Gross Profit(1) $298 $2 $2 $19 ($1) $320 Q4 2024 GAAP TO NON-GAAP Product Reconciliation $ in millions 40 \*Figures presented in this column are calculated in accordance with U.S. GAAP. This reconciliation is provided to facilitate an understanding of the supplementary product-level information provided in this presentation and the adjustments to arrive at the non-GAAP amounts. Supplementary product-level information provided on this slide is for modeling purposes only and is not considered by Company management, including the chief operating decision maker, in assessing segment performance. (1) Product level adjusted gross profit (non-GAAP) includes management's estimates of certain cost allocations among the product categories.

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![](exhibit992-q32025callsli041.jpg)

GAAP\* Transformation Costs Stock Based Compensation Acquisition Related Amortization of Intangibles Separation Costs Non-GAAP GROSS PROFIT(1) Software and Services $177 $1 $— $— $— $178 Transactional 79 — — 20 — 99 Hardware 30 — — — — 30 Corporate unallocated (33) 1 1 — 1 (30) Total Core Gross Profit(1) 253 2 1 20 1 277 Other - Voyix 3 — — — — 3 Total Atleos Gross Profit(1) $256 $2 $1 $20 $1 $280 Q3 2024 GAAP TO NON-GAAP Product Reconciliation $ in millions 41 \*Figures presented in this column are calculated in accordance with U.S. GAAP. This reconciliation is provided to facilitate an understanding of the supplementary product-level information provided in this presentation and the adjustments to arrive at the non-GAAP amounts. Supplementary product-level information provided on this slide is for modeling purposes only and is not considered by Company management, including the chief operating decision maker, in assessing segment performance. (1) Product level adjusted gross profit (non-GAAP) includes management's estimates of certain cost allocations among the product categories.

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![](exhibit992-q32025callsli042.jpg)

Q3 2025 Q2 2025 Q1 2025 Q4 2025 Q3 2024 Cash provided by operating activities $27 $(25) $123 $80 $107 Capital expenditures $(30) $(21) $(29) $(18) $(22) Additions to capitalized software $(13) $(14) $(12) $(13) $(11) Restricted cash settlement activity $117 $37 $(106) $69 $(37) Pension contributions $12 $6 $1 $1 $1 Indemnification payments to Voyix $— $6 $— $— $— Sale-leaseback transaction $11 $24 $— $— $— Adjusted Free Cash Flow-Unrestricted $124 $13 $(23) $119 $38 $ in millions GAAP TO NON-GAAP RECONCILIATION 42

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![](exhibit992-q32025callsli043.jpg)

THANK YOU 43

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