GE Vernova（GEV）2025年年度报告「NYSE」（英文版）（91页）.pdf

1、2025 Annual ReportTHE ENERGY OF CHANGEFORWARD-LOOKING STATEMENTSThis document includes forward-looking statements.Please reference the“Forward-Looking Statements”section of the Form 10-K included in this Annual Report to Stockholders.NON-GAAP FINANCIAL MEASURESWe sometimes use information derived fr

2、om consolidated financial data but not presented in our financial statements prepared in accordance with U.S.generally accepted accounting principles(GAAP).Certain of these data are considered“non-GAAP financial measures”under the U.S.Securities and Exchange Commission rules.These non-GAAP financial

3、 measures supplementour GAAP disclosures and should not be considered an alternative to the GAAP measure.The reasons we use these non-GAAP financial measures and the reconciliations to their most directly comparable GAAP financial measures can be found in the Managements Discussion and Analysis sect

4、ion within our Form 10-K and in GE Vernovas fourth quarter 2025 earnings materials posted to applicable.25%of the worlds electricity generated using our technology A transformer being connected to a high voltage generator in Charleroi,Pennsylvania.FELLOW GE VERNOVA SHAREHOLDERS,The global energy sys

5、tem is undergoing a major transformation.The world needs more energy,and a larger portion must be electric power for people and communities around the world to thrive.Put simply,economic competitiveness and national security are dependent on the advancement of reliable,affordable,and sustainable ele

6、ctricity.Nations that scale electricity generation and modernize grid infrastructure will unlock faster growth,achieve higher living standards,and develop more competitive industries.Today only about twenty percent of energy comes from electricity,but many project electricitys proportion of the ener