Ford Credit Auto Owner Trust 2025-A
Monthly Investor Report
| | | | | |
| Collection Period | May 2026 |
| Payment Date | 6/15/2026 |
| Transaction Month | 15 | |
Additional information about the structure, cashflows, defined terms and parties for this transaction can be found in the prospectus, available on the SEC website (http://www.sec.gov) under the registration number 333-281130 and at https://www.ford.com/finance/investor-center/asset-backed-securitization.
I. ORIGINAL DEAL PARAMETERS
| | | | | | | | | | | | | | | | | |
| Dollar Amount | | # of Receivables | | Weighted Avg Remaining Term at Cutoff |
| Initial Pool Balance | $ | 1,668,378,947.84 | | | 45,722 | | 54.3 months |
| | | | | |
| Dollar Amount | | Note Interest Rate | | Final Scheduled Payment Date |
| Original Securities | | | | | |
| Class A-1 Notes | $ | 315,000,000.00 | | | 4.421 | % | | April 15, 2026 |
| Class A-2a Notes | $ | 326,000,000.00 | | | 4.47 | % | | December 15, 2027 |
| Class A-2b Notes | $ | 250,000,000.00 | | | 4.05285 | % | * | December 15, 2027 |
| Class A-3 Notes | $ | 513,600,000.00 | | | 4.45 | % | | October 15, 2029 |
| Class A-4 Notes | $ | 95,400,000.00 | | | 4.52 | % | | February 15, 2031 |
| Class B Notes | $ | 47,370,000.00 | | | 4.89 | % | | February 15, 2031 |
| Class C Notes | $ | 31,570,000.00 | | | 0.00 | % | | September 15, 2032 |
| Total | $ | 1,578,940,000.00 | | | | | |
| | | * 30-day average SOFR + 0.41% |
II. AVAILABLE FUNDS
| | | | | |
| Interest: | |
| Interest Collections | $ | 3,931,720.07 | |
| |
| Principal: | |
| Principal Collections | $ | 25,672,877.38 | |
| Prepayments in Full | $ | 12,763,693.87 | |
| Liquidation Proceeds | $ | 520,836.74 | |
| Recoveries | $ | 12,259.36 | |
| Sub Total | $ | 38,969,667.35 | |
| Collections | $ | 42,901,387.42 | |
| |
| Purchase Amounts: | |
| Purchase Amounts Related to Principal | $ | 154,950.32 | |
| Purchase Amounts Related to Interest | $ | 597.77 | |
| Sub Total | $ | 155,548.09 | |
| |
| Clean-up Call | $ | 0.00 | |
| |
| Reserve Account Draw Amount | $ | 0.00 | |
| |
| Available Funds - Total | $ | 43,056,935.51 | |
Ford Credit Auto Owner Trust 2025-A
Monthly Investor Report
| | | | | |
| Collection Period | May 2026 |
| Payment Date | 6/15/2026 |
| Transaction Month | 15 | |
III. DISTRIBUTIONS
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Calculated Amount | | Amount Paid | | Shortfall | | Carryover Shortfall | | Remaining Available Funds |
| Trustee and Other Fees/Expenses | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 43,056,935.51 | |
| Servicing Fee | $ | 833,495.89 | | | $ | 833,495.89 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 42,223,439.62 | |
| Interest - Class A-1 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 42,223,439.62 | |
| Interest - Class A-2a Notes | $ | 487,052.99 | | | $ | 487,052.99 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 41,736,386.63 | |
| Interest - Class A-2b Notes | $ | 349,938.78 | | | $ | 349,938.78 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 41,386,447.85 | |
| Interest - Class A-3 Notes | $ | 1,904,600.00 | | | $ | 1,904,600.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 39,481,847.85 | |
| Interest - Class A-4 Notes | $ | 359,340.00 | | | $ | 359,340.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 39,122,507.85 | |
| First Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 39,122,507.85 | |
| Interest - Class B Notes | $ | 193,032.75 | | | $ | 193,032.75 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 38,929,475.10 | |
| Second Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 38,929,475.10 | |
| Interest - Class C Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 38,929,475.10 | |
| Reserve Account Deposit | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 38,929,475.10 | |
| Regular Principal Payment | $ | 37,489,667.75 | | | $ | 37,489,667.75 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 1,439,807.35 | |
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 1,439,807.35 | |
| Residual Released to Depositor | $ | 0.00 | | | $ | 1,439,807.35 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Total | | | $ | 43,056,935.51 | | | | | | | |
| | | | | | | | | |
| Principal Payment: | | | | | | | | | |
| First Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Second Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Regular Principal Payment | | | | | | | | | $ | 37,489,667.75 | |
| Total | | | | | | | | | $ | 37,489,667.75 | |
| | | | | | | | | |
IV. NOTEHOLDER PAYMENTS
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Noteholder Principal Payments | | Noteholder Interest Payments | | Total Payment |
| | | Per $1,000 of | | | | Per $1,000 of | | | | Per $1,000 of |
| Actual | | Original Balance | | Actual | | Original Balance | | Actual | | Original Balance |
| Class A-1 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Class A-2a Notes | $ | 21,218,110.57 | | | $ | 65.09 | | | $ | 487,052.99 | | | $ | 1.49 | | | $ | 21,705,163.56 | | | $ | 66.58 | |
| Class A-2b Notes | $ | 16,271,557.18 | | | $ | 65.09 | | | $ | 349,938.78 | | | $ | 1.40 | | | $ | 16,621,495.96 | | | $ | 66.49 | |
| Class A-3 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 1,904,600.00 | | | $ | 3.71 | | | $ | 1,904,600.00 | | | $ | 3.71 | |
| Class A-4 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 359,340.00 | | | $ | 3.77 | | | $ | 359,340.00 | | | $ | 3.77 | |
| Class B Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 193,032.75 | | | $ | 4.08 | | | $ | 193,032.75 | | | $ | 4.08 | |
| Class C Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Total | $ | 37,489,667.75 | | | $ | 23.74 | | | $ | 3,293,964.52 | | | $ | 2.09 | | | $ | 40,783,632.27 | | | $ | 25.83 | |
| | | | | | | | | | | |
Ford Credit Auto Owner Trust 2025-A
Monthly Investor Report
| | | | | |
| Collection Period | May 2026 |
| Payment Date | 6/15/2026 |
| Transaction Month | 15 | |
V. NOTE BALANCE AND POOL INFORMATION
| | | | | | | | | | | | | | | | | | | | | | | |
| Beginning of Period | | End of Period |
| Balance | | Note Factor | | Balance | | Note Factor |
| Class A-1 Notes | $ | 0.00 | | | 0.0000000 | | $ | 0.00 | | | 0.0000000 |
| Class A-2a Notes | $ | 130,752,480.92 | | | 0.4010812 | | $ | 109,534,370.35 | | | 0.3359950 |
| Class A-2b Notes | $ | 100,270,307.46 | | | 0.4010812 | | $ | 83,998,750.28 | | | 0.3359950 |
| Class A-3 Notes | $ | 513,600,000.00 | | | 1.0000000 | | $ | 513,600,000.00 | | | 1.0000000 |
| Class A-4 Notes | $ | 95,400,000.00 | | | 1.0000000 | | $ | 95,400,000.00 | | | 1.0000000 |
| Class B Notes | $ | 47,370,000.00 | | | 1.0000000 | | $ | 47,370,000.00 | | | 1.0000000 |
| Class C Notes | $ | 31,570,000.00 | | | 1.0000000 | | $ | 31,570,000.00 | | | 1.0000000 |
| Total | $ | 918,962,788.38 | | | 0.5820125 | | $ | 881,473,120.63 | | | 0.5582689 |
| | | | | | | | | | | |
| Pool Information | | | |
| Weighted Average APR | 4.961 | % | | 4.963 | % |
| Weighted Average Remaining Term | 44.11 | | 43.34 |
| Number of Receivables Outstanding | 33,417 | | 32,537 |
| Pool Balance | $ | 1,000,195,070.20 | | | $ | 960,413,931.35 | |
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 950,541,754.18 | | | $ | 913,052,086.43 | |
| Pool Factor | 0.5995011 | | 0.5756569 |
| | | |
VI. OVERCOLLATERALIZATION INFORMATION
| | | | | |
| Specified Reserve Balance | $ | 3,947,370.73 | |
| Yield Supplement Overcollateralization Amount | $ | 47,361,844.92 | |
| Targeted Overcollateralization Amount | $ | 78,940,810.72 | |
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 78,940,810.72 | |
| |
VII. RECONCILIATION OF RESERVE ACCOUNT
| | | | | |
| Beginning Reserve Account Balance | $ | 3,947,370.73 | |
| Reserve Account Deposits Made | $ | 0.00 | |
| Reserve Account Draw Amount | $ | 0.00 | |
| Ending Reserve Account Balance | $ | 3,947,370.73 | |
| Change in Reserve Account Balance | $ | 0.00 | |
| Specified Reserve Balance | $ | 3,947,370.73 | |
| |
Ford Credit Auto Owner Trust 2025-A
Monthly Investor Report
| | | | | |
| Collection Period | May 2026 |
| Payment Date | 6/15/2026 |
| Transaction Month | 15 | |
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| | | | | | | | | | | | | | | | | |
| | | # of Receivables | | Amount |
| Current Collection Period Loss: | | | | | |
| Realized Loss (Charge-Offs) | | | 74 | | $ | 668,780.54 | |
| (Recoveries) | | | 26 | | $ | 12,259.36 | |
| Net Loss for Current Collection Period | | | | | $ | 656,521.18 | |
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | | | | | 0.7877 | % |
| | | | | |
| Prior and Current Collection Periods Average Loss: | | | | | |
| | | | | |
| Ratio of Net Loss to the Average Pool Balance (annualized) | | | | | |
| Third Prior Collection Period | | | | | 0.4753 | % |
| Second Prior Collection Period | | 0.5346 | % |
| Prior Collection Period | | | | | 0.7882 | % |
| Current Collection Period | | | | | 0.8037 | % |
| Four Month Average (Current and Prior Three Collection Periods) | | | | | 0.6504 | % |
| | | | | |
| Cumulative Loss: | | | | | |
| Cumulative Realized Loss (Charge-Offs) | | | 1,090 | | $ | 5,294,837.61 | |
| (Cumulative Recoveries) | | | | | $ | 364,191.80 | |
| Cumulative Net Loss for All Collection Periods | | | | | $ | 4,930,645.81 | |
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | | | | 0.2955 | % |
| | | | | |
| Average Realized Loss for Receivables that have experienced a Realized Loss | | | | | $ | 4,857.65 | |
| Average Net Loss for Receivables that have experienced a Realized Loss | | | | | $ | 4,523.53 | |
| | | | | |
| % of EOP Pool Balance | | # of Receivables | | Amount |
| Delinquent Receivables: | | | | | |
| 31-60 Days Delinquent | 0.87 | % | | 215 | | $ | 8,398,559.81 | |
| 61-90 Days Delinquent | 0.15 | % | | 34 | | $ | 1,421,347.06 | |
| 91-120 Days Delinquent | 0.03 | % | | 7 | | $ | 322,195.88 | |
| Over 120 Days Delinquent | 0.02 | % | | 5 | | $ | 146,070.11 | |
| Total Delinquent Receivables | 1.07 | % | | 261 | | $ | 10,288,172.86 | |
|
| Repossession Inventory: | | | | | |
| Repossessed in the Current Collection Period | | | 17 | | $ | 904,479.86 | |
| Total Repossessed Inventory | | | 37 | | $ | 1,806,817.19 | |
| | | | | |
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | | |
| Second Prior Collection Period | | | | | 0.1777 | % |
| Prior Collection Period | | | | | 0.1795 | % |
| Current Collection Period | | | | | 0.1414 | % |
| Three Month Average | | | | | 0.1662 | % |
| | | | | |
| Delinquency Trigger (61+ Delinquent Receivables) | | | | | |
| Transaction Month | Trigger | | | | |
| 1-12 | 0.80% | | | | |
| 13-24 | 1.30% | | | | |
| 25-36 | 2.40% | | | | |
| 37+ | 4.55% | | | | |
| 61+ Delinquent Receivables Balance to EOP Pool Balance | | | | | 0.1967 | % |
| Delinquency Trigger Occurred | | | | | No |
Ford Credit Auto Owner Trust 2025-A
Monthly Investor Report
| | | | | |
| Collection Period | May 2026 |
| Payment Date | 6/15/2026 |
| Transaction Month | 15 | |
| | | | | | | | | | | | | | |
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount |
| | | | |
| 1 Month Extended | | | 68 | $2,699,970.74 |
| 2 Months Extended | | | 104 | $4,432,335.89 |
| 3+ Months Extended | | | 18 | $652,622.88 |
| | | | |
| Total Receivables Extended | 190 | $7,784,929.51 |
IX. REPURCHASE DEMAND ACTIVITY (RULE 15Ga-1)
| | |
| No Activity to report |
|
| Most Recent Form ABS-15G for repurchase demand activity |
|
| Filed by: Ford Motor Credit Company LLC |
| CIK#: 0000038009 |
| Date: February 6, 2026 |
|
X. FLOATING RATE BENCHMARK: BENCHMARK TRANSITION
| | | | | |
| Benchmark Transition Event: | N/A |
| |
| Benchmark Replacement Date: | N/A |
| |
| Unadjusted Benchmark Replacement: | N/A |
| |
| Benchmark Replacement Adjustment: | N/A |
| |
| Benchmark Replacement Conforming Changes: | N/A |
| |
SERVICER CERTIFICATION
THIS REPORT IS ACCURATE IN ALL MATERIAL RESPECTS.
Ford Motor Credit Company LLC
/s/ Ryan M. Hershberger
Assistant Treasurer