Crane NXT Co 2025年度报告

Annual Report2025 Aaron W. Saak ˃resident & Chiefʸ˫ecutive OfЃcer 2025 Annual Report CEO Letter Dear Fellow Shareholders, In 2025, we continued to evolve our portfolio and strengthened our position as a global leader inauthentication and traceability technologies that secure, detect, and authenticate what matters mostto our customers. ˇhroughout the year, we made signiЃcant progress e˫panding and diversifying our portfolio throughdisciplinedˀʙʴ, while continuing to invest in our core businesses and drive operational e˫cellencethrough the Crane Business System (CBS). This progress is grounded in our enduring commitment toour core values:People Matter, Do the Right Thing, Trusted Partner, Innovate for Growth, and AlwaysImproving. 2025 Financial Performance ˊe delivered 2025 results in line with our e˫pectations, with sales growth of appro˫imatelyʤʤʘyearʠoverʠyear to nearlyʗʤ.ʪbillion, and core sales growth1of appro˫imatelyʤʘ. In addition, we delivered ad˝ustedsegment operating margin1of 2ʧ.5ʘand ad˝ustedʸ˃S1of $4.06. ˊe continued to advance our strategy, positioning the company for longʠterm success while buildingon our position as a technology leader, highlighted by several strong commercial and operationalachievements: In our Security & Authentication Technologies segment, we continued to win share withour leading microʠoptics technology and ended 2025 with a total of 20 new currencydenomination wins and organic bac˞log up overʦ0ʘyearʠoverʠyear. In addition, we are making strategic investments to capture organic growth opportunities inour international currency business where demand continues to be strong. We strengthened our leadership in the global authentication market through the creationof Crane Authentication, combining OpSec Security and De La Rue Authentication into one,integrated business. We made signiЃcant progress e˫ecuting on our synergies, includingʫ0ʢ20 initiatives which will drive signiЃcant margin accretion in this business in 2026. Furthermore, we secured signiЃcant contract renewals in our Crane Authentication businessacross ma˝or customers, including a multiʠyear agreement with theˁational Football League(ˁFL) andˀa˝or League Baseball (ˀLB) to provide security technology for its consumerproducts. Maintaining a Disciplined Approach to Capital Allocation As we build upon a strong and resilient foundation, we remain disciplined in our approach to capitalallocation, with a clear focus on three areas: 1.Investing in organic growth.In 2025, we successfully completed theЃnal eˤuipmentupgrades to support the launch of the new U.S. currency series, beginning with the new$ʤ0 bill scheduled for release in 2026. This investment will support a multiʠyear growthopportunity, and we are proud to partner with the Bureau ofʸngraving and˃rinting on thisvery important program. 2.Returning capital to shareholders. In 2025, we announced an increase to our annualdividend of 6ʘ, maintaining a competitive position within our industrial technology peer set. 3.Executing disciplined M&A.We focus on markets with secular tailwinds and identifyingcompanies with differentiated technologies that have a clear path to value creationaligned to our strategy of providing trusted technology solutions that secure, detect andauthenticate our customers’ products. We will continue to be committed to a balanced capital allocation strategy and to maintaining amplecapacity to deploy capital toward strategic acˤuisitions that meet our strategic andЃnancial criteria. Building on our Leadership Positions Over the past three years, we focused on building a leadership position in authentication technologies,e˫panding into higherʠgrowth, ad˝acent end markets that enhance the resiliency of our portfolio. In2025, we continued to make signiЃcant progress e˫ecuting on this strategy. We signed an agreement to acˤuire Antaresˉision, a global leader in detection, inspectionand track & trace technologies for the Life Sciences and Food & Beverage sectors. Theacˤuisition of Antaresˉision is another important step in e˫panding our portfolio withdifferentiated technology offerings and further aligning CraneˁˋT to markets with seculartailwinds. We closed our initial eˤuity investment in Antaresˉision in˄4 2025 and are on trackto complete the acˤuisition and take the company private in 2026. We look forward towelcoming the Antaresˉision team to the company. ʺoing forward, we will continue to actively cultivate ourˀ&A pipeline to further e˫pand and diversify theportfolio. Our robust pipeline of strategic targets coupled with our strong balance sheet and free cashЄow generation position us well to continue to grow the business moving forward. Driving Operational Excellence As we continue to e˫pand the company, a key to delivering on our value creation priorities is drivingoperational e˫cellence through deployment of the Crane Business System (CBS).ʸvery day, welive our Always Improving value to better serve our customers, improv