SEGMENT INFORMATION (Tables)


	Three months ended September 30		Nine months ended September 30
TOTAL SEGMENT REVENUES BY BUSINESS UNIT	2025	2024	2025	2024
Gas Power	$3,923	$3,466	$11,386	$9,966
Nuclear Power	251	167	640	618
Hydro Power	223	181	581	544
Steam Power	442	393	1,413	1,569
Power	$4,838	$4,206	$14,019	$12,696

Onshore Wind	$2,402	$2,355	$5,947	$4,974
Offshore Wind	195	388	624	1,183
LM Wind Power	51	148	171	436
Wind	$2,647	$2,891	$6,742	$6,592

Grid Solutions	$1,747	$1,270	$4,591	$3,521
Power Conversion & Storage	621	440	1,413	1,202
Electrification Software	234	218	678	646
Electrification	$2,601	$1,928	$6,682	$5,369
Total segment revenues	$10,087	$9,025	$27,443	$24,657


SEGMENT EBITDA
Three months ended September 30, 2025	Power	Wind	Electrification	Total
Equipment revenues	$1,668	$2,194	$2,019	$5,880
Services revenues	3,088	444	545	4,078
Intersegment revenues	83	10	37	130
Segment revenues	4,838	2,647	2,601	10,087
Other revenues and elimination of intersegment revenues				(119)
Total revenues				9,969
Less:(a)
Cost of revenues(b)	3,663	2,532	1,824
Selling, general, and administrative expenses(b)	436	118	336
Research and development expenses(b)	139	43	115
Other segment items(c)	(45)	16	(67)
Segment EBITDA	$645	$(61)	$393	$977

Nine months ended September 30, 2025	Power	Wind	Electrification	Total
Equipment revenues	$4,549	$5,386	$5,037	$14,971
Services revenues	9,267	1,329	1,515	12,111
Intersegment revenues	203	28	130	361
Segment revenues	14,019	6,742	6,682	27,443
Other revenues and elimination of intersegment revenues				(330)
Total revenues				27,112
Less:(a)
Cost of revenues(b)	10,482	6,598	4,626
Selling, general, and administrative expenses(b)	1,339	393	1,000
Research and development expenses(b)	371	117	308
Other segment items(c)	(104)	8	(181)
Segment EBITDA	$1,931	$(373)	$929	$2,487

(a) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

Intersegment expenses are included within the amounts shown.

(b) Excludes depreciation and amortization expenses.


Three months ended September 30, 2024	Power	Wind	Electrification	Total
Equipment revenues	$1,378	$2,488	$1,419	$5,286
Services revenues	2,773	391	457	3,621
Intersegment revenues	55	12	52	120
Segment revenues	4,206	2,891	1,928	9,025
Other revenues and elimination of intersegment revenues				(112)
Total revenues				8,913
Less:(a)
Cost of revenues(b)	3,186	2,998	1,362
Selling, general, and administrative expenses(b)	479	138	328
Research and development expenses(b)	91	59	84
Other segment items(c)	(50)	13	(47)
Segment EBITDA	$499	$(317)	$201	$383

Nine months ended September 30, 2024	Power	Wind	Electrification	Total
Equipment revenues	$3,847	$5,375	$3,868	$13,090
Services revenues	8,725	1,191	1,335	11,251
Intersegment revenues	125	26	166	317
Segment revenues	12,696	6,592	5,369	24,657
Other revenues and elimination of intersegment revenues				(281)
Total revenues				24,376
Less:(a)
Cost of revenues(b)	9,638	6,583	3,820
Selling, general, and administrative expenses(b)	1,486	430	973
Research and development expenses(b)	257	180	259
Other segment items(c)	(142)	6	(79)
Segment EBITDA	$1,457	$(607)	$396	$1,247

(a) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

Intersegment expenses are included within the amounts shown.

(b) Excludes depreciation and amortization expenses.


RECONCILIATION OF SEGMENT EBITDA TO NET INCOME (LOSS)
	Three months ended September 30		Nine months ended September 30
	2025	2024	2025	2024
Segment EBITDA	$977	$383	$2,487	$1,247
Corporate and other(a)	(166)	(140)	(448)	(290)
Restructuring and other charges	(83)	(209)	(192)	(419)
Gains (losses) on purchases and sales of business interests(b)	113	—	131	842
Separation (costs) benefits(c)	(43)	(27)	(122)	64
Arbitration refund(d)	—	—	—	254
Non-operating benefit income	115	130	340	399
Depreciation and amortization(e)	(212)	(289)	(617)	(734)
Interest and other financial charges – net(f)	44	35	141	93
Benefit (provision) for income taxes	(292)	17	(510)	(380)
Net income (loss)	$453	$(99)	$1,209	$1,075

(a) Includes interest expense (income) of zero and $(1) million and benefit (provision) for income taxes of zero and $6 million for the three

months ended September 30, 2025 and 2024, respectively, as well as interest expense (income) of $(1) million and $11 million and

benefit (provision) for income taxes of $(4) million and $70 million for the nine months ended September 30, 2025 and 2024,

respectively, related to our Financial Services business which, because of the nature of its investments, is measured on an after-tax

(b) Includes unrealized (gains) losses related to our interest in China XD Electric Co., Ltd, recorded in Net interest and investment income

(loss) which is part of Other income (expense) - net. See Note 18 for further information.

(c) Costs incurred in the Spin-Off and separation from GE, including system implementations, advisory fees, one-time stock option grant,

and other one-time costs. In addition, 2024 includes $136 million benefit related to deferred intercompany profit that was recognized

upon GE retaining the renewable energy U.S. tax equity investments.

(d) Represents a cash refund received related to an arbitration proceeding with a multiemployer pension plan and excludes $52 million

related to the interest on such amounts that was recorded in Interest and other financial charges - net in the second quarter of 2024.

(e) Excludes depreciation and amortization expense related to Restructuring and other charges. Includes amortization of basis differences

included in Equity method investment income (loss) which is part of Other income (expense) - net.

(f) Consists of interest and other financial charges, net of interest income, other than financial interest related to our normal business

operations primarily with customers.

(a)We classify deferred tax assets as "Other" for purposes of this disclosure.


PROPERTY, PLANT, AND EQUIPMENT ADDITIONS	Three months ended September 30		Nine months ended September 30
	2025	2024	2025	2024
Power	$107	$67	$260	$166
Wind	61	45	157	210
Electrification	41	38	110	74
Other	33	8	68	79
Total	$243	$158	$595	$530


DEPRECIATION AND AMORTIZATION	Three months ended September 30		Nine months ended September 30
	2025	2024	2025	2024
Power	$116	$133	$347	$372
Wind	56	127	161	259
Electrification	25	22	68	66
Other	16	117	47	206
Total	$213	$399	$623	$903