Ford Credit Auto Owner Trust 2025-B
Monthly Investor Report
| | | | | |
| Collection Period | July 2026 |
| Payment Date | 8/17/2026 |
| Transaction Month | 11 | |
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 | $ | 1,645,740,999.46 | | | 43,700 | | 55.3 months |
| | | | | |
| Dollar Amount | | Note Interest Rate | | Final Scheduled Payment Date |
| Original Securities | | | | | |
| Class A-1 Notes | $ | 320,400,000.00 | | | 4.057 | % | | October 15, 2026 |
| Class A-2a Notes | $ | 325,000,000.00 | | | 3.88 | % | | June 15, 2028 |
| Class A-2b Notes | $ | 217,400,000.00 | | | 3.92539 | % | * | June 15, 2028 |
| Class A-3 Notes | $ | 542,400,000.00 | | | 3.91 | % | | April 15, 2030 |
| Class A-4 Notes | $ | 94,800,000.00 | | | 3.95 | % | | July 15, 2031 |
| Class B Notes | $ | 47,370,000.00 | | | 4.24 | % | | July 15, 2031 |
| Class C Notes | $ | 31,570,000.00 | | | 0.00 | % | | March 15, 2033 |
| Total | $ | 1,578,940,000.00 | | | | | |
| | | * 30-day average SOFR + 0.30% |
II. AVAILABLE FUNDS
| | | | | |
| Interest: | |
| Interest Collections | $ | 5,210,507.31 | |
| |
| Principal: | |
| Principal Collections | $ | 28,343,663.29 | |
| Prepayments in Full | $ | 15,856,184.29 | |
| Liquidation Proceeds | $ | 993,913.75 | |
| Recoveries | $ | 15,391.35 | |
| Sub Total | $ | 45,209,152.68 | |
| Collections | $ | 50,419,659.99 | |
| |
| Purchase Amounts: | |
| Purchase Amounts Related to Principal | $ | 66,119.24 | |
| Purchase Amounts Related to Interest | $ | 495.18 | |
| Sub Total | $ | 66,614.42 | |
| |
| Clean-up Call | $ | 0.00 | |
| |
| Reserve Account Draw Amount | $ | 0.00 | |
| |
| Available Funds - Total | $ | 50,486,274.41 | |
Ford Credit Auto Owner Trust 2025-B
Monthly Investor Report
| | | | | |
| Collection Period | July 2026 |
| Payment Date | 8/17/2026 |
| Transaction Month | 11 | |
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 | | | $ | 50,486,274.41 | |
| Servicing Fee | $ | 965,466.74 | | | $ | 965,466.74 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 49,520,807.67 | |
| Interest - Class A-1 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 49,520,807.67 | |
| Interest - Class A-2a Notes | $ | 716,381.43 | | | $ | 716,381.43 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 48,804,426.24 | |
| Interest - Class A-2b Notes | $ | 533,291.02 | | | $ | 533,291.02 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 48,271,135.22 | |
| Interest - Class A-3 Notes | $ | 1,767,320.00 | | | $ | 1,767,320.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 46,503,815.22 | |
| Interest - Class A-4 Notes | $ | 312,050.00 | | | $ | 312,050.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 46,191,765.22 | |
| First Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 46,191,765.22 | |
| Interest - Class B Notes | $ | 167,374.00 | | | $ | 167,374.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 46,024,391.22 | |
| Second Priority Principal Payment | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 46,024,391.22 | |
| Interest - Class C Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 46,024,391.22 | |
| Reserve Account Deposit | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 46,024,391.22 | |
| Regular Principal Payment | $ | 46,708,444.91 | | | $ | 46,024,391.22 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Additional Trustee and Other Fees/Expenses | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Residual Released to Depositor | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Total | | | $ | 50,486,274.41 | | | | | | | |
| | | | | | | | | |
| Principal Payment: | | | | | | | | | |
| First Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Second Priority Principal Payment | | | | | | | | | $ | 0.00 | |
| Regular Principal Payment | | | | | | | | | $ | 46,024,391.22 | |
| Total | | | | | | | | | $ | 46,024,391.22 | |
| | | | | | | | | |
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 | $ | 27,577,299.31 | | | $ | 84.85 | | | $ | 716,381.43 | | | $ | 2.20 | | | $ | 28,293,680.74 | | | $ | 87.05 | |
| Class A-2b Notes | $ | 18,447,091.91 | | | $ | 84.85 | | | $ | 533,291.02 | | | $ | 2.45 | | | $ | 18,980,382.93 | | | $ | 87.30 | |
| Class A-3 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 1,767,320.00 | | | $ | 3.26 | | | $ | 1,767,320.00 | | | $ | 3.26 | |
| Class A-4 Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 312,050.00 | | | $ | 3.29 | | | $ | 312,050.00 | | | $ | 3.29 | |
| Class B Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 167,374.00 | | | $ | 3.53 | | | $ | 167,374.00 | | | $ | 3.53 | |
| Class C Notes | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | | | $ | 0.00 | |
| Total | $ | 46,024,391.22 | | | $ | 29.15 | | | $ | 3,496,416.45 | | | $ | 2.21 | | | $ | 49,520,807.67 | | | $ | 31.36 | |
| | | | | | | | | | | |
Ford Credit Auto Owner Trust 2025-B
Monthly Investor Report
| | | | | |
| Collection Period | July 2026 |
| Payment Date | 8/17/2026 |
| Transaction Month | 11 | |
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 | $ | 221,561,266.46 | | | 0.6817270 | | $ | 193,983,967.15 | | | 0.5968737 |
| Class A-2b Notes | $ | 148,207,444.09 | | | 0.6817270 | | $ | 129,760,352.18 | | | 0.5968737 |
| Class A-3 Notes | $ | 542,400,000.00 | | | 1.0000000 | | $ | 542,400,000.00 | | | 1.0000000 |
| Class A-4 Notes | $ | 94,800,000.00 | | | 1.0000000 | | $ | 94,800,000.00 | | | 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 | $ | 1,085,908,710.55 | | | 0.6877454 | | $ | 1,039,884,319.33 | | | 0.6585965 |
| | | | | | | | | | | |
| Pool Information | | | |
| Weighted Average APR | 5.325 | % | | 5.333 | % |
| Weighted Average Remaining Term | 47.88 | | 47.11 |
| Number of Receivables Outstanding | 35,135 | | 34,150 |
| Pool Balance | $ | 1,158,560,084.40 | | | $ | 1,112,547,076.95 | |
| Adjusted Pool Balance (Pool Balance - YSOC Amount) | $ | 1,114,816,700.18 | | | $ | 1,070,779,237.51 | |
| Pool Factor | 0.7039747 | | 0.6760159 |
| | | |
VI. OVERCOLLATERALIZATION INFORMATION
| | | | | |
| Specified Reserve Balance | $ | 3,947,371.48 | |
| Yield Supplement Overcollateralization Amount | $ | 41,767,839.44 | |
| Targeted Overcollateralization Amount | $ | 73,346,811.31 | |
| Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance) | $ | 72,662,757.62 | |
| |
VII. RECONCILIATION OF RESERVE ACCOUNT
| | | | | |
| Beginning Reserve Account Balance | $ | 3,947,371.48 | |
| Reserve Account Deposits Made | $ | 0.00 | |
| Reserve Account Draw Amount | $ | 0.00 | |
| Ending Reserve Account Balance | $ | 3,947,371.48 | |
| Change in Reserve Account Balance | $ | 0.00 | |
| Specified Reserve Balance | $ | 3,947,371.48 | |
| |
Ford Credit Auto Owner Trust 2025-B
Monthly Investor Report
| | | | | |
| Collection Period | July 2026 |
| Payment Date | 8/17/2026 |
| Transaction Month | 11 | |
VIII. NET LOSS AND DELINQUENT RECEIVABLES
| | | | | | | | | | | | | | | | | |
| | | # of Receivables | | Amount |
| Current Collection Period Loss: | | | | | |
| Realized Loss (Charge-Offs) | | | 73 | | $ | 753,126.88 | |
| (Recoveries) | | | 15 | | $ | 15,391.35 | |
| Net Loss for Current Collection Period | | | | | $ | 737,735.53 | |
| Ratio of Net Loss for Current Collection Period to Beginning of Period Pool Balance (annualized) | | | | | 0.7641 | % |
| | | | | |
| Prior and Current Collection Periods Average Loss: | | | | | |
| | | | | |
| Ratio of Net Loss to the Average Pool Balance (annualized) | | | | | |
| Third Prior Collection Period | | | | | 0.3962 | % |
| Second Prior Collection Period | | 0.1684 | % |
| Prior Collection Period | | | | | 0.5981 | % |
| Current Collection Period | | | | | 0.7796 | % |
| Four Month Average (Current and Prior Three Collection Periods) | | | | | 0.4856 | % |
| | | | | |
| Cumulative Loss: | | | | | |
| Cumulative Realized Loss (Charge-Offs) | | | 694 | | $ | 3,346,443.64 | |
| (Cumulative Recoveries) | | | | | $ | 146,458.92 | |
| Cumulative Net Loss for All Collection Periods | | | | | $ | 3,199,984.72 | |
| Ratio of Cumulative Net Loss for all Collection Periods to Initial Pool Balance | | | | 0.1944 | % |
| | | | | |
| Average Realized Loss for Receivables that have experienced a Realized Loss | | | | | $ | 4,821.96 | |
| Average Net Loss for Receivables that have experienced a Realized Loss | | | | | $ | 4,610.93 | |
| | | | | |
| % of EOP Pool Balance | | # of Receivables | | Amount |
| Delinquent Receivables: | | | | | |
| 31-60 Days Delinquent | 0.82 | % | | 221 | | $ | 9,123,427.76 | |
| 61-90 Days Delinquent | 0.14 | % | | 37 | | $ | 1,584,350.47 | |
| 91-120 Days Delinquent | 0.02 | % | | 4 | | $ | 206,660.22 | |
| Over 120 Days Delinquent | 0.01 | % | | 1 | | $ | 81,678.33 | |
| Total Delinquent Receivables | 0.99 | % | | 263 | | $ | 10,996,116.78 | |
|
| Repossession Inventory: | | | | | |
| Repossessed in the Current Collection Period | | | 14 | | $ | 488,399.46 | |
| Total Repossessed Inventory | | | 27 | | $ | 979,685.27 | |
| | | | | |
| Number of 61+ Delinquent Receivables to EOP Number of Outstanding Receivables: | | |
| Second Prior Collection Period | | | | | 0.1327 | % |
| Prior Collection Period | | | | | 0.1195 | % |
| Current Collection Period | | | | | 0.1230 | % |
| Three Month Average | | | | | 0.1251 | % |
| | | | | |
| 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 | | | | | 0.1683 | % |
| Delinquency Trigger Occurred | | | | | No |
Ford Credit Auto Owner Trust 2025-B
Monthly Investor Report
| | | | | |
| Collection Period | July 2026 |
| Payment Date | 8/17/2026 |
| Transaction Month | 11 | |
| | | | | | | | | | | | | | |
| Receivables Granted Extensions in the Current Collection Period: | # of Receivables | Amount |
| | | | |
| 1 Month Extended | | | 101 | $4,021,956.03 |
| 2 Months Extended | | | 139 | $6,078,391.10 |
| 3+ Months Extended | | | 26 | $1,153,913.18 |
| | | | |
| Total Receivables Extended | 266 | $11,254,260.31 |
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