PHINIA settles tax dispute with BorgWarner, records $39M loss in Q3 2025

PHINIA INC.

PHINIA to pay BorgWarner $78M total: $31M in Q4 2025, $21M in Q1 2026, $26M as refunds received.
BorgWarner to pay PHINIA ~$7M in Q4 2025 for pre-spin corporate income tax reimbursement.
PHINIA expects up to ~$29M cash from R&D credits by end of 2026 under amended Tax Matters Agreement.
PHINIA records ~$39M Q3 2025 loss for settlement; plans to exclude as a separation-related charge.

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