CAMBRIDGE, Mass. (December 9, 2025) – GE Vernova (NYSE: GEV) today announced that its Board of Directors has declared a $0.50 per share quarterly dividend—doubling from a $0.25 quarterly dividend. The quarterly dividend will be payable on February 2, 2026, to shareholders of record as of January 5, 2026.  The Board of Directors has also approved a share repurchase authorization increase to $10 billion, from the prior authorization of $6 billion. GE Vernova has spent $3.3 billion of the authorization as of December 3, 2025.

Future dividend declarations will be made at the discretion of the Board of Directors and will be based on GE Vernova’s earnings, financial condition, cash requirements, prospects, and other factors. The share repurchase authorization has no expiration date and may be suspended or discontinued at any time.

Additional Information
GE Vernova’s website at www.gevernova.com/investors contains a significant amount of information about GE Vernova, including financial and other information for investors. GE Vernova encourages investors to visit this website from time to time, as information is updated, and new information is posted. Investors are also encouraged to visit GE Vernova’s LinkedIn and other social media accounts, which are platforms on which the Company posts information from time to time.

Additional Financial Information
Additional financial information can be found on the Company’s website at www.gevernova.com/investors under Reports and Filings.

Forward-Looking Statements
This document contains forward-looking statements – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain, such as statements about possible future dividend declarations and payments and share repurchases. Forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from current expectations. These risks, uncertainties, and factors include those discussed in our most recent Annual Report on Form 10-K and in our subsequently filed Quarterly Reports on Form 10-Q, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections included therein, as may be updated from time to time in our filings with the U.S. Securities and Exchange Commission and as posted on our website at www.gevernova.com/investors/fls. GE Vernova does not undertake any obligation to update or revise its forward-looking statements except as required by law or regulation.

NEW YORK (December 9, 2025) – GE Vernova (NYSE: GEV), a unique industry leader enabling customers to accelerate the energy transition, today hosts its 2025 Investor Update event to present its 2026 financial guidance and update its outlook by 2028, as well as provide commentary on key longer-term trends.

“At GE Vernova, we are in the early chapters of an incredible value creation opportunity with a stronger financial trajectory ahead,” said GE Vernova CEO Scott Strazik. “Electric power will be critical to unlocking economic growth in the decades ahead and we are well-positioned with our large installed base and platform of advanced solutions to serve this growing, long-cycle market. We will deliver value in the short term, but I’m most excited about our long-term potential as we focus on value-accretive capital allocation to drive growth and innovation while delivering shareholder returns. We are executing efficiently, and there is more to come as we enter 2026 with significant momentum.”

“We are executing our financial strategy, and we now expect to generate at least $22 billion in cumulative free cash flow by 2028,” said GE Vernova CFO Ken Parks. “Our large and growing backlog, with healthy margins from services and better equipment pricing, is furthering our momentum into 2026 and driving our increased outlook by 2028. We remain committed to maintaining an investment grade balance sheet as we make organic investments, pursue targeted M&A, and return at least one third of cash generation to shareholders through our higher dividend and increased share repurchase program.”

Financial Outlook
Today, GE Vernova reaffirms its 2025 revenue and adjusted EBITDA margin* guidance, raises its 2025 free cash flow* guidance, and presents its 2026 financial guidance. The company also raises its outlook by 2028, as presented at its 2024 Investor Update.

(a - Compound annual growth rate through 2028; 2025 is the base year

Multi-Year Segment Financial Outlook
GE Vernova also reaffirms its 2025 segment guidance and provides additional multi-year guidance.

All outlooks exclude the impact of the acquisition of the remaining 50% stake of Prolec GE and any related financing, which is expected to close by mid-2026, subject to customary regulatory approvals.

Capital Allocation
GE Vernova’s strategic principles for capital allocation continue to include organic investments to drive profitable growth, returning at least one third of cash generation to shareholders, and targeted mergers and acquisitions in core businesses. The GE Vernova Board of Directors has declared a $0.50 per share quarterly dividend, doubling from a $0.25 quarterly dividend, payable on February 2, 2026, to shareholders of record as of January 5, 2026. The Board of Directors has also approved a share repurchase authorization increase to $10 billion, from the prior authorization of $6 billion. GE Vernova has spent $3.3 billion of the authorization as of December 3, 2025.

Growth Beyond 2028
GE Vernova is well-positioned to deliver substantially higher returns beyond 2028, including from its:

• Large and growing equipment and services backlog, which is expected to reach approximately $200 billion by year-end 2028.
• More profitable, recurring Gas Power services revenue beginning in the 2030s.
• Expanded investments into artificial intelligence, robotics, and automation.
• Focus on developing and commercializing breakthrough energy technologies, including small modular nuclear reactors, carbon capture, solid oxide fuel cells, and grid-related technologies to support data centers and grid modernization.

Event Webcast
GE Vernova CEO Scott Strazik and CFO Ken Parks will present live from New York City, beginning at 4:30 PM ET today. The event will also be webcast, and accompanying materials and a replay can be accessed on GE Vernova’s Investor Relations website here.

Non-GAAP Financial Measures
In this document, the Company sometimes uses information derived from consolidated financial data but not presented in its 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 (SEC) rules. These non-GAAP financial measures supplement the Company’s GAAP disclosures and should not be considered an alternative to the GAAP measure. The reasons the Company uses these non-GAAP financial measures and the reconciliations to their most directly comparable GAAP financial measures are included in this press release and GE Vernova's quarterly reports on Form 10-Q filed with the SEC and any updates or amendments it makes in future filings.

2025 and 2026 Guidance and Outlook by 2028: Adjusted EBITDA margin*
We cannot provide a reconciliation of the differences between the non-GAAP financial measures expectations and the corresponding GAAP financial measures for adjusted EBITDA margin* in the 2025 and 2026 guidance and outlook by 2028 without unreasonable effort due to the uncertainty of the costs and timing associated with potential restructuring actions and the impacts of depreciation and amortization.

2025 and 2026 Guidance and Outlook by 2028: Free cash flow*​
We cannot provide a reconciliation of the differences between the non-GAAP financial measures expectations and the corresponding GAAP financial measure for free cash flow* in the 2025 and 2026 guidance and outlook for cumulative free cash flow* from 2025 through 2028 without unreasonable effort due to the uncertainty of timing for capital expenditures.

2025 and 2026 Guidance: Power and Electrification organic revenue*
We cannot provide a reconciliation of the differences between the non-GAAP financial measures expectations and the corresponding GAAP financial measure of Power and Electrification organic revenue* for 2025 and 2026 without unreasonable effort due to the uncertainty of foreign exchange rates.

*Non-GAAP Financial Measure
[1] Defined as remaining performance obligation (RPO) 

Caution concerning forward-looking statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws that are subject to risks and uncertainties. These statements may include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “guidance,” “outlook,” “will,” “may,” and negatives or derivatives of these or similar expressions. These forward-looking statements include, among others, expectations about our future business and operating results and opportunities; expectations regarding electricity demand; the benefits we expect from our lean operating model; our ability to increase production capacity, efficiencies, and quality; current and future customer orders; our actual and planned investments; our focus on developing and commercializing innovative breakthrough energy technologies; our expected cash generation and management; our financial strategy and capital allocation framework, including organic investments, M&A, share repurchases, and dividends; and our credit ratings.

Forward-looking statements reflect our current expectations, are based on judgments and assumptions, are inherently uncertain and are subject to risks, uncertainties, and other factors, which could cause our actual results, performance, or achievements to differ materially from current expectations. Some of the risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied by forward-looking statements include the following:

• Our ability to successfully execute our lean operating model;

• Our ability to innovate and successfully identify and meet customer demands and needs;

• Our ability to successfully compete;

• Significant disruptions in our supply chain, including the high cost or unavailability of raw materials, components, and products essential to our business;

• Significant disruptions to our manufacturing and production facilities and distribution networks;

• Changes in government policies and priorities that reduce funding and demand for energy equipment and services;

• Shifts in demand, market expectations, and other dynamics related to energy, electrification, decarbonization, and sustainability;

• Global economic trends, competition, and geopolitical risks, including conflicts, trade policies, and other constraints on economic activity;

• Product quality issues or product or safety failures related to our complex and specialized products, solutions, and services;

• Our ability to obtain required permits, licenses, and registrations;

• Our ability to attract and retain highly qualified personnel;

• Our ability to develop, deploy, and protect our intellectual property rights;

• Our capital allocation plans, including the timing and amount of any dividends, share repurchases, acquisitions, organic investments, and other priorities;

• Our ability to successfully identify, complete, integrate, and obtain benefits from any acquisitions, joint ventures, and other investments;

• The price, availability, and trading volumes of our common stock;

• Downgrades of our credit ratings or ratings outlooks;

• The amount and timing of our cash flows and earnings;

• Our ability to meet our sustainability goals;

• The impact from cybersecurity or data security incidents;

• Changes in law, regulation, or policy that may affect our businesses and projects, or impose additional costs;

• Natural disasters, weather conditions and events, public health events, or other emergencies;

• Tax law and policy changes;

• Adverse outcomes in legal, regulatory, and administrative proceedings, actions, and disputes; and

• Other changes in macroeconomic and market conditions and volatility.

These or other uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements, and these and other factors are more fully discussed in our Annual Report on Form 10-K for the year ended December 31, 2024, and in the Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operation" sections included therein, as may be updated from time to time in our SEC filings and as posted on our website at www.gevernova.com/investors/fls. We do not undertake any obligation to update or revise our forward-looking statements except as may be required by law or regulation. This press release also includes certain forward-looking projected financial information that is based on current estimates and forecasts. Actual results could differ materially.

Additional Information
GE Vernova’s website at www.gevernova.com/investors contains a significant amount of information about GE Vernova, including financial and other information for investors. GE Vernova encourages investors to visit this website from time to time, as information is updated, and new information is posted. Investors are also encouraged to visit GE Vernova’s LinkedIn and other social media accounts, which are platforms on which the Company posts information from time to time.

Additional Financial Information
Additional financial information can be found on the Company’s website at www.gevernova.com/investors under Reports and Filings.

CAMBRIDGE, MA (December 8, 2025) – GE Vernova today announced it has set a new GUINNESS WORLD RECORDS title for the largest online toy drive in 24 hours, marking a milestone in its global giving campaign focused on inspiring curiosity in future innovators through STEM-focused play.

On Global Giving Day (Dec. 2), GE Vernova led a global Innovators Toy Drive in partnership with Toys for Tots – collecting over 23,000 toys in 24-hours to set the new world record. As part of its commitment to giving and STEM education, the GE Vernova Foundation is matching toys donated through the drive in a separate donation to Save the Children. Thanks to several additional partner donations including from Hasbro and Mattel, the drive will distribute over 70,000 STEM toys to children around the world by partners Toys for Tots and Save the Children.‌

Each toy was chosen to encourage problem-solving, discovery, and innovation, reflective of GE Vernova’s focus on empowering the next generation of engineers, scientists, and inventors.

“We are proud to give back and spark curiosity and creativity in kids around the world through this record-breaking STEM toy drive,” said GE Vernova CEO Scott Strazik. ”Inspiring and growing the next generation of leaders is critical to tackling the world’s toughest challenges and delivering the breakthrough innovations that will help us shape the future of energy.”

Strazik announced the record live on NBC’s TODAY, joined by Al Roker, as part of a sponsored segment highlighting the company’s global Innovators Toy Drive and the science behind play.

“At Toys for Tots, we believe every child deserves the joy of a new toy during the holidays,” said Ted Silvester, Colonel, USMC (Ret) Vice President, Toys for Tots. “Through this extraordinary partnership, GE Vernova has helped bring that joy to thousands of children while sparking their curiosity through STEM-focused play—a gift that lasts far beyond the season. We are also deeply grateful to our partners at Tremor, Group Sales and Pantheon, who helped create a fun, engaging experience and ensure these toys reached the families who needed them most.”

“We’re proud to partner with GE Vernova this holiday season to make STEM learning more accessible for children everywhere,” said Pina Jabbari, Head of Corporate Partnerships for Save the Children US. “Play is a universal force for good—and a powerful catalyst for connection, confidence and imagination. Through this initiative, we strive to give children around the world the chance to dream bigger and see themselves as the innovators of tomorrow.”

“Within the next decade, one of the greatest challenges for the energy sector will be the increasing demand for skilled workers,” said GE Vernova Foundation President Kristin Carvell. “We are proudly committed to investing in programs and opportunities like the Toy Drive to help grow skills and encourage future leaders to choose careers in the energy sector.”

To celebrate young innovators, GE Vernova is also hosting “Innovators Toy Land,” an immersive, pop-up STEM experience, at Rockefeller Center in New York City today.

The installation transforms the plaza into a vibrant playground of creativity, curiosity, and discovery, showcasing the power of creativity to spark innovation and features leading toy brands such as Lite-Brite®, Rubik's Cube®, SNAP CIRCUITS® and Slinky®. The experience features hands-on exhibits designed to make science and technology fun and accessible for children of all ages, including:

• Power Patterns: Create vibrant designs on a giant, wall-sized Lite-Brite® using colorful pegs. As guests add pieces, the full display evolves into a collective work of light and imagination.
• Grid Builder: Explore real SNAP CIRCUITS® to build simple circuits and see how electricity moves through a system—just like in a real power grid.
• Carbon Capture Lab: Reveal hidden “carbon” using safe materials and learn how engineers capture it from the air, bringing carbon-reduction technology to life.
• AI Robot Explorer: Step inside a digital wind turbine blade and guide an AI-powered robot through an inspection challenge inspired by real clean energy technology.
• Motion Momentum Lab: Race colorful Slinky® toys down tracks to see how simple physics transforms stored energy into motion.
• Power Portrait Studio: Enter interactive digital portals where motion-tracking technology transforms your movement into flowing ribbons of color and light.
• Pattern Puzzle Lab: Test your problem-solving skills with bright puzzles inspired by Spin Master’s Rubik’s Cube®, exploring how pattern recognition connects to real engineering challenges.

In addition, scientists from GE Vernova’s Advanced Research Center will be in attendance, conducting live demonstrations and experiments that will bring these real-world innovations to life.

Students from Ampark Neighborhood Elementary School (PS/MS 95 Sheila Mencher, Bronx), a community-driven school focused on nurturing creativity, The Jermain L. Green STEM Institute of Queens, which emphasizes hands-on learning and innovation, and Energy Tech High School, which prepares students for high-demand engineering careers in the fast-growing energy industry, will attend special field trips to experience the exhibit firsthand. Their participation underscores the importance of expanding access to STEM experiences for all students and reinforces that different perspectives enable bold and innovative ideas.

“If we want to build a smarter, more resilient energy system for the future, we need young leaders with strong foundations in science and engineering,” added Strazik. “STEM education is the pipeline for the innovators of tomorrow who will modernize our grid, advance smart technologies, and discover the breakthroughs that change our world for the better.”

About GE Vernova
GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 75,000 employees across 100+ countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future.

About Save the Children
Save the Children believes every child deserves a future. Since our founding more than 100 years ago, we've been advocating for the rights of children worldwide. In the United States and around the world, we give children a healthy start in life, the opportunity to learn and protection from harm. We do whatever it takes for children – every day and in times of crisis – transforming the future we share. Our results, financial statements and charity ratings reaffirm that Save the Children is a charity you can trust. Follow us on Facebook, Instagram, LinkedIn, X and YouTube.

About Toys for Tots
Toys for Tots, a 78-year National charitable Program run by the U.S. Marine Corps Reserve, provides year-round joy, comfort, and hope to economically disadvantaged children across the Nation through the gift of a new toy or book. Providing toys, books, and other gifts to disadvantaged children offers recognition, confidence, and a positive memory for a lifetime.  It is such experiences that help children become responsible citizens and caring members of their community.  Since 1947, the Program has evolved and grown exponentially, having delivered hope and the magic of Christmas to over 314 million children in need. Because the need isn’t just at Christmastime, the Marine Toys for Tots Program also provides support year-round to families experiencing challenges and exceptional circumstances, thus fulfilling the hopes and dreams of millions of disadvantaged children beyond the holidays.  The Marine Toys for Tots Foundation is a not-for-profit organization authorized by the U.S. Marine Corps and the Department of Defense to provide fundraising and other necessary support for the annual Marine Corps Reserve Toys for Tots Program.  For more information, visit www.toysfortots.org.

About Rockefeller Center
For more than 90 years, Rockefeller Center has been a global icon in the heart of New York City. Conceived by John D. Rockefeller Jr. as a “city within the city,” the Center comprises 13 buildings connected by an underground concourse. Under the stewardship of owner and operator Tishman Speyer, the Center has become the city's most dynamic place to work, play, dine, shop, and celebrate. Rockefeller Center is home to New York's leading attractions including The Rink, offering ice skating from October to March each year; and the Top of the Rock Observation Deck, featuring two new experiences: The Beam, recreating the iconic 1932 photo, and SKYLIFT, elevating visitors on an open-air glass platform three stories above 30 Rock's 70th-floor rooftop for unrivaled, unobstructed 360-degree views. Rockefeller Center is open daily and features year-round public programming, events and activations on the Plaza. Hailed by The New York Times as the “Restaurant Event of the Year,” the Center is home to restaurants by Michelin-starred and James Beard-winning chefs such as NARO, Le Rock, and Jupiter, as well as new casual eateries such as FIELDTRIP, Tipsy Baker, and Puya Tacos. During the holiday season, the Center is home to the world’s most famous Christmas Tree, as well exclusive experiences such as Après Skate Chalets and Christmas Spectacular show featuring the Radio City Rockettes. For more information or to purchase tickets to attractions and programs, visit rockefellercenter.com/

Cambridge MA – [December 2, 2025] – This holiday season, GE Vernova celebrates the power of giving and creativity through two uplifting events: the transformation of Rockefeller Center into Innovators Toy Land and the launch of a global Innovators Toy Drive.

Opening to the public on Monday, December 8, Innovators Toy Land invites children and families to explore a series of interactive exhibits that showcase how play fuels creativity and how curiosity drives the breakthroughs of tomorrow.

Today on Global Giving Tuesday, GE Vernova has launched the Innovators Toy Drive in partnership with Toys for Tots and global humanitarian organization Save the Children. The global campaign will collect and distribute STEM-inspired toys that nurture creativity, curiosity, and critical thinking— helping ensure that children around the world have access to resources and tools to dream, explore, and invent.

Together, these initiatives mark a joyful Season of Giving, one that honors curiosity, creativity, and community as essential forces for shaping a brighter future.

Innovators Toy Land is hosted by GE Vernova, with participation from leading toy brands such as Lite-Brite®, Rubik's Cube®, Snap Circuits® and Slinky®.

• Event: GE Vernova’s Innovators Toy Land
• Where: Rockefeller Center, 45 Rockefeller Plaza, NYC
• When: Monday, December 8 | 9AM – 4:30PM (open to media all day; closed to the public for a private event 10:30AM-1PM)
• Cost: Free and open to the public

Designed to engage visitors of all ages, Innovators Toy Land features a collection of hands-on exhibits that turn scientific concepts into fun, interactive learning moments. Among the featured experiences:

• Power Patterns: Create vibrant designs on a giant, wall-sized Lite-Brite® using colorful pegs. As guests add pieces, the full display evolves into a collective work of light and imagination.
• Grid Builder: Explore real Snap Circuits® to build simple circuits and see how electricity moves through a system—just like in a real power grid.
• Carbon Capture Lab: Reveal hidden “carbon” using safe materials and learn how engineers capture it from the air, bringing carbon-reduction technology to life.
• AI Robot Explorer: Step inside a digital wind turbine blade and guide an AI-powered robot through an inspection challenge inspired by real clean energy technology.
• Motion Momentum Lab: Race colorful Slinky® toys down tracks to see how simple physics transforms stored energy into motion.
• Power Portrait Studio: Enter interactive digital portals where motion-tracking technology transforms your movement into flowing ribbons of color and light.
• Pattern Puzzle Lab: Test your problem-solving skills with bright puzzles inspired by Rubik’s Cube®, exploring how pattern recognition connects to real engineering challenges.

Innovators Toy Land aims to spark early curiosity, helping today’s kids become the engineers, scientists, and problem-solvers who will shape a cleaner, smarter world tomorrow. Over the next five years the International Energy Agency (IEA) says we’ll need 30 million people to choose the energy industry to power the future, many of those jobs requiring STEM-related skills.

Students from Ampark Neighborhood Elementary School (PS/MS 95 Sheila Mencher, Bronx), a community-driven school focused on nurturing creativity, The Jermain L. Green STEM Institute of Queens, which emphasizes hands-on learning and innovation, and Energy Tech High School, which prepares students for high-demand engineering careers in the fast-growing energy industry, will attend special field trips to experience the exhibit firsthand. Their participation underscores the importance of expanding access to STEM experiences for all students, and reinforces that different perspectives enable bold and innovative ideas.

Through experiences like Innovators Toy Land, children are encouraged to see the world as a place of endless possibility, one where play and problem-solving go hand in hand.

Statistics reflect what leaders like Yogini Parkhi know from experience. At a key moment in many girls’ lives, they’re nudged away from interests like math and science. “I know it happened to me growing up in India,” says Parkhi, the engineering leader for GE Vernova’s Grid OS Data Fabric and Connect business. She saw the same thing happen with her daughter years later in the States. “When she was 10 she could solve a Rubik’s Cube in 50 seconds,” Parkhi recalls.