Exhibit 99.1

 

SERVICER’S CERTIFICATE

AMERICAN HONDA FINANCE CORPORATION

MONTHLY SERVICER REPORT -- Honda Auto Receivables 2025-2 Owner Trust

Collection Period: August 1, 2026 through August 31, 2026

 

Deal Age   16 Determination Date:  09/10/2026
Actual/360 Days   29 Record Date:  09/14/2026
30/360 Days   30 Payment Date:  09/15/2026

 

ORIGINAL DEAL PARAMETERS                             
      Dollar Amount                      Number of
Receivables
Total Portfolio Balance     $ 2,483,139,372.23                      105,325
                                
   Accrual
Basis
  Dollar Amount  % of Pool    Index Rate    Margin    Interest
Rate
   Final Scheduled
Maturity
Date
Class A-1 Notes  Actual/360  $614,000,000.00   24.73%             4.44900%  May 15, 2026
Class A-2a Notes  30/360  $470,400,000.00   18.94%             4.30000%  January 18, 2028
Class A-2b Notes  Actual/360  $394,800,000.00   15.90%   3.63650%   0.480%   4.11650%  January 18, 2028
Class A-3 Notes  30/360  $789,600,000.00   31.80%             4.15000%  October 15, 2029
Class A-4 Notes  30/360  $152,260,000.00   6.13%             4.28000%  August 15, 2031
Certificates  30/360  $62,079,372.23   2.50%             0.00000%   
Total Securities Balance     $ 2,483,139,372.23                       
Total Note Balance     $2,421,060,000.00                       
                               
Reserve Account Initial Deposit     $6,207,848.43                       
Yield Supplement Account Deposit     $134,746,183.28                       
                               
COLLECTIONS                              
Interest Collections                              
Simple Interest Collections     $5,371,570.13                       
Interest Related to Repurchased Receivables     $0.00                       
Interest Advance for simple Interest - Net *     $0.00                       
Total Interest Collections     $5,371,570.13                       

 

* Advances are reimbursed (including outstanding advances of $0.00):

(i) from subsequent payments, liquidation proceeds and servicer repurchase payments in respect of the related obligor, and

(ii) to the extent amounts in clause (i) are insufficient, generally from interest (with respect to interest advances).

 

Principal Collections   
Principal Collections  $41,934,198.51 
Prepayments in Full  $17,555,849.60 
Liquidation Proceeds  $443,836.37 
Principal Related to Repurchased Receivables  $0.00 
Recoveries from Prior Month Charge Offs  $96,366.46 
Total Principal Collections  $60,030,250.94 
      
Total Interest and Principal Collections  $65,401,821.07 
Yield Supplement Deposit  $3,487,010.44 
Collection Account Investment Earnings  $0.00 
      
Total Available Amount  $68,888,831.51 

 

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DISTRIBUTIONS               
Note Percentage  100.00 %            
Certificate Percentage  0.00 %     Amount Due    Amount Paid    Shortfall  
Total Servicing Fee   1.00%       $1,055,007.05   $1,055,007.05   $0.00 
Trustee Fees            $0.00   $0.00   $0.00 
Asset Representations Reviewer Fees (Accrued & Unpaid)            $0.00   $0.00   $0.00 
                          
Interest - Class A-1 Notes            $0.00   $0.00   $0.00 
Interest - Class A-2a Notes            $510,568.25   $510,568.25   $0.00 
Interest - Class A-2b Notes            $396,551.91   $396,551.91   $0.00 
Interest - Class A-3 Notes            $2,730,700.00   $2,730,700.00   $0.00 
Interest - Class A-4 Notes            $543,060.67   $543,060.67   $0.00 
Total Monthly Interest            $4,180,880.83   $4,180,880.83   $0.00 
                          
Principal - Class A-1 Notes            $0.00   $0.00   $0.00 
Principal - Class A-2a Notes            $32,950,693.46   $32,950,693.46   $0.00 
Principal - Class A-2b Notes            $ 27,655,046.29   $ 27,655,046.29   $0.00 
Principal - Class A-3 Notes            $0.00   $0.00   $0.00 
Principal - Class A-4 Notes            $0.00   $0.00   $0.00 
Total Monthly Principal            $60,605,739.75   $60,605,739.75   $0.00 
                          
Interest - Certificates            $0.00   $0.00   $0.00 
Principal - Certificates            $0.00   $0.00   $0.00 

 

   Available to
Deposit
  Reserve
Deposit
  Reserve
Draw
  Excess
Released
  Released to
Seller
Reserve Account Deposit  $3,047,203.88  $0.00  $0.00  $0.00  $3,047,203.88

 

DISTRIBUTIONS                  
Noteholder/Certificateholder Distributions
(Per $1000 of Original Principal Amount)
  Fee  Interest  Interest
Shortfall
  Principal  Principal
Shortfall
  Amount
Distributed
Servicing Fee  $0.42                  $1,055,007.05
Trustee Fees                      $0.00
Asset Representation Reviewer Fees                      $0.00
Class A-1 Notes      $0.00  $0.00  $0.00  $0.00  $0.00
Class A-2a Notes      $1.09  $0.00  $70.05  $0.00  $33,461,261.71
Class A-2b Notes      $1.00  $0.00  $70.05  $0.00  $28,051,598.20
Class A-3 Notes      $3.46  $0.00  $0.00  $0.00  $2,730,700.00
Class A-4 Notes      $3.57  $0.00  $0.00  $0.00  $543,060.67
Certificates      $0.00  $0.00  $0.00  $0.00  $0.00

 

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POOL DATA                    
   Proceeding Month              
   Carryover Shortfall  Beginning of Period  End of Period  
   Interest  Principal  Balance  Note Factor  Balance  Note Factor  
Class A-1 Notes  $0.00  $0.00  $0.00   0.0000000  $0.00   0.0000000  
Class A-2a Notes  $0.00  $0.00  $142,484,162.46   0.3029000  $109,533,469.00   0.2328518  
Class A-2b Notes  $0.00  $0.00  $119,584,922.07   0.3029000  $91,929,875.78   0.2328518  
Class A-3 Notes  $0.00  $0.00  $789,600,000.00   1.0000000  $789,600,000.00   1.0000000  
Class A-4 Notes  $0.00  $0.00  $152,260,000.00   1.0000000  $152,260,000.00   1.0000000  
Certificates  $0.00  $0.00  $62,079,372.23   1.0000000  $62,079,372.23   1.0000000  
Total Securities          $1,266,008,456.76   0.5098419  $1,205,402,717.01   0.4854350  
Total Notes          $1,203,929,084.53   0.4972735  $1,143,323,344.78   0.4722408  

 

Portfolio Information  Original    Prior Month    Current Month  
Weighted Average Coupon (WAC)   4.89%   5.05%   5.07%
Weighted Average Remaining Maturity (WAM)   50.07    36.81    36.06 
Weighted Average Original Maturity (WAOM)   62.06           
Remaining Number of Receivables   105,325    75,881    73,993 
Portfolio Receivable Balance  $ 2,483,139,372.23   $ 1,266,008,456.76   $ 1,205,402,717.01 

 

DELINQUENCY AND NET LOSS ACTIVITY   
Net Loss and Delinquency Account Activity  Amount  
Gross Principal Balance on Defaulted Receivables  $1,115,691.64 
Liquidation Proceeds  $443,836.37 
Recoveries on Previously Defaulted Contracts  $96,366.46 
Aggregate Net Losses for Collection Period  $575,488.81 
Net Loss Rate for Collection Period's Average Balance (annualized)   0.56%
Cumulative Net Losses for all Periods  $6,449,731.54 

 

Delinquent Receivables  # Units    % Unit    Dollar
Amount
   % Dollar  
31-60 Days Delinquent   623    0.84%  $12,393,133.73    1.03%
61-90 Days Delinquent   130    0.18%  $2,579,038.63    0.21%
91-120 Days Delinquent   24    0.03%  $488,311.70    0.04%
121 Days or More Delinquent   0    0.00%  $0.00    0.00%

 

Repossession Activity  # Units    % Unit    Dollar
Amount
   % Dollar  
Vehicles Repossessed During Collection Period   28    0.04%  $730,614.96    0.06%
Total Accumulated Repossessed Vehicles in Inventory   48    0.06%  $1,255,466.67    0.10%

 

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Net Loss and Delinquency Ratios   
Ratio of Net Losses to the Pool Balance as of Each Collection Period     
Third Preceding Collection Period   0.15%
Second Preceding Collection Period   0.36%
Preceding Collection Period   0.43%
Current Collection Period   0.56%
Four Month Average   0.37%
Ratio of Number of Contracts Delinquent 61 Days or More to the Outstanding Number of Receivables (includes repossessions in inventory)     
Second Preceding Collection Period   0.28%
Preceding Collection Period   0.26%
Current Collection Period   0.27%
Three Month Average   0.27%

 

Delinquency Trigger   4.80%  Delinquency Percentage exceeds Delinquency Trigger:   No 
Delinquency Percentage -   0.25%        

 

Receivables that are 61 days or more delinquent as a percentage of Current Outstanding Balance of Receivables

 

LOSS AND CUMULATIVE LOSS INFORMATION            
   Current Month    Cumulative  
For Assets Experiencing a Loss:  Units    Amount    Units    Amount  
Gross Principal on Defaulted Receivables   45   $1,115,691.64    568   $15,018,342.60 
Liquidation Proceeds and Recoveries on Defaulted Receivables   65   $538,612.42    491   $8,565,127.31 
Net Loss Amount   45   $577,079.22    568   $6,453,215.29 
Net Loss % of Average Portfolio Balance (Annualized)        0.56%          
Cumulative Net Loss  % of Initial Balance                  0.26%
Average Net Loss of  Assets Experiencing a Loss                 $11,361.29 

 

CREDIT ENHANCEMENT         
Reconciliation of Reserve Account  Reconciliation of Yield Supplement Account
Beginning Reserve Account Balance  $6,207,848.43   Beginning Yield Supplement Account Balance  $46,643,745.01 
Investment Earnings  $18,451.83   Investment Earnings  $143,234.48 
Excess Interest Deposited into the Reserve Account  $0.00   Additional Yield Supplement Amounts  $0.00 
Investment Withdrawal to Seller  $(18,451.83)  Yield Supplement Withdrawal Amount  $(3,487,010.44)
Release of Reserve to Collection Account  $0.00   Investment Earnings Withdraw  $0.00 
Release of Reserve to Seller  $0.00   Release of Yield Supplement Account Balance to Seller  $0.00 
Ending Reserve Account Balance  $6,207,848.43   Ending Yield Supplement Account Balance  $43,299,969.05 
              
Reserve Account Required Amount  $6,207,848.43         

 

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REPURCHASE DEMAND ACTIVITY (RULE 15Ga-1)      
       
Is there any activity to report?   No  
       
STATEMENT TO NOTEHOLDERS      
       
Has there been a material change in practices with respect to charge-offs, collection and management of delinquent receivables, and the effect of any grace period, re-aging, re-structuring, partial payments or other practices on delinquency and loss experience?   No  
       
Have there been any material modifications, extensions or waivers to receivables terms, fees, penalties or payments during the collection period?   No  
       
Have there been any material breaches of representations, warranties or covenants contained in the receivables?   No  
       
Has there been an issuance of notes or other securities backed by the receivables?   No  
       
Has there been a material change in the underwriting, origination or acquisition of receivables?   No  

 

SERVICER CERTIFICATION

 

I hereby certify that the servicing report provided is true and accurate to the best of my knowledge.

 

/s/ Michi Rey  
Ms. Michiko Yamasaki Rey  
Secretary, American Honda Receivables  

 

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