10/28/2026 | Press release | Distributed by Public on 10/28/2026 15:13
SERVICER'S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
|
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2025-2 Owner Trust |
||||||||
|
Collection Period: September 1, 2026 through September 30, 2026 |
||||||||
|
Deal Age |
17 |
Determination Date: 10/13/2026 |
|
|
Actual/360 Days |
30 |
Record Date: 10/14/2026 |
|
|
30/360 Days |
30 |
Payment Date: 10/15/2026 |
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 |
||||||||
|
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% |
3.64850% |
0.480% |
4.12850% |
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 |
$ |
5,120,658.61 |
||||||||||
|
Interest Related to Repurchased Receivables |
$ |
0.00 |
||||||||||
|
Interest Advance for simple Interest - Net * |
$ |
0.00 |
||||||||||
|
Total Interest Collections |
$ |
5,120,658.61 |
||||||||||
|
* 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 |
$ |
40,860,140.47 |
||||||||||
|
Prepayments in Full |
$ |
17,133,024.19 |
||||||||||
|
Liquidation Proceeds |
$ |
335,248.47 |
||||||||||
|
Principal Related to Repurchased Receivables |
$ |
0.00 |
||||||||||
|
Recoveries from Prior Month Charge Offs |
$ |
172,438.35 |
||||||||||
|
Total Principal Collections |
$ |
58,500,851.48 |
||||||||||
|
Total Interest and Principal Collections |
$ |
63,621,510.09 |
||||||||||
|
Yield Supplement Deposit |
$ |
3,282,725.67 |
||||||||||
|
Collection Account Investment Earnings |
$ |
0.00 |
||||||||||
|
Total Available Amount |
$ |
66,904,235.76 |
||||||||||
SERVICER'S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
|
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2025-2 Owner Trust |
||||||||
|
Collection Period: September 1, 2026 through September 30, 2026 |
||||||||
|
Deal Age |
17 |
Determination Date: 10/13/2026 |
|
|
Actual/360 Days |
30 |
Record Date: 10/14/2026 |
|
|
30/360 Days |
30 |
Payment Date: 10/15/2026 |
DISTRIBUTIONS
|
Note Percentage |
100.00 |
% |
||||||||||||||||
|
Certificate Percentage |
0.00 |
% |
Amount Due |
Amount Paid |
Shortfall |
|||||||||||||
|
Total Servicing Fee |
1.00 |
% |
$ |
1,004,502.26 |
$ |
1,004,502.26 |
$ |
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 |
$ |
392,494.93 |
$ |
392,494.93 |
$ |
0.00 |
||||||||||||
|
Interest - Class A-2b Notes |
$ |
316,277.08 |
$ |
316,277.08 |
$ |
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 |
$ |
3,982,532.68 |
$ |
3,982,532.68 |
$ |
0.00 |
||||||||||||
|
Principal - Class A-1 Notes |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
||||||||||||
|
Principal - Class A-2a Notes |
$ |
31,865,635.93 |
$ |
31,865,635.93 |
$ |
0.00 |
||||||||||||
|
Principal - Class A-2b Notes |
$ |
26,744,373.02 |
$ |
26,744,373.02 |
$ |
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 |
$ |
58,610,008.95 |
$ |
58,610,008.95 |
$ |
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 |
$ |
3,307,191.87 |
$ |
0.00 |
$ |
0.00 |
$ |
0.00 |
$ |
3,307,191.87 |
||||||||||
|
Noteholder/Certificateholder Distributions |
Fee |
Interest |
Interest |
Principal |
Principal |
Amount |
||||||
|
Servicing Fee |
$0.40 |
$1,004,502.26 |
||||||||||
|
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 |
$0.83 |
$0.00 |
$67.74 |
$0.00 |
$32,258,130.86 |
|||||||
|
Class A-2b Notes |
$0.80 |
$0.00 |
$67.74 |
$0.00 |
$27,060,650.10 |
|||||||
|
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 |
|||||||
Page 2
SERVICER'S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
|
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2025-2 Owner Trust |
||||||||
|
Collection Period: September 1, 2026 through September 30, 2026 |
||||||||
|
Deal Age |
17 |
Determination Date: 10/13/2026 |
|
|
Actual/360 Days |
30 |
Record Date: 10/14/2026 |
|
|
30/360 Days |
30 |
Payment Date: 10/15/2026 |
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 |
$ |
109,533,469.00 |
0.2328518 |
$ |
77,667,833.07 |
0.1651102 |
||||||||||||||
|
Class A-2b Notes |
$ |
0.00 |
$ |
0.00 |
$ |
91,929,875.78 |
0.2328518 |
$ |
65,185,502.76 |
0.1651102 |
||||||||||||||
|
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 |
$ |
1,205,402,717.01 |
0.4854350 |
$ |
1,146,792,708.06 |
0.4618318 |
||||||||||||||||||
|
Total Notes |
$ |
1,143,323,344.78 |
0.4722408 |
$ |
1,084,713,335.83 |
0.4480324 |
||||||||||||||||||
|
Portfolio Information |
Original |
Prior Month |
Current Month |
|||||||||
|
Weighted Average Coupon (WAC) |
4.89 |
% |
5.07 |
% |
5.08 |
% |
||||||
|
Weighted Average Remaining Maturity (WAM) |
50.07 |
36.06 |
35.31 |
|||||||||
|
Weighted Average Original Maturity (WAOM) |
62.06 |
|||||||||||
|
Remaining Number of Receivables |
105,325 |
73,993 |
72,130 |
|||||||||
|
Portfolio Receivable Balance |
$ |
2,483,139,372.23 |
$ |
1,205,402,717.01 |
$ |
1,146,792,708.06 |
||||||
DELINQUENCY AND NET LOSS ACTIVITY
|
Net Loss and Delinquency Account Activity |
Amount |
|||||||
|
Gross Principal Balance on Defaulted Receivables |
$ |
616,844.29 |
||||||
|
Liquidation Proceeds |
$ |
335,248.47 |
||||||
|
Recoveries on Previously Defaulted Contracts |
$ |
172,438.35 |
||||||
|
Aggregate Net Losses for Collection Period |
$ |
109,157.47 |
||||||
|
Net Loss Rate for Collection Period's Average Balance (annualized) |
0.11 |
% |
||||||
|
Cumulative Net Losses for all Periods |
$ |
6,558,889.01 |
||||||
|
Delinquent Receivables |
# Units |
% Unit |
Dollar Amount |
% Dollar |
||||||||||||
|
31-60 Days Delinquent |
623 |
0.86 |
% |
$ |
11,952,493.19 |
1.04 |
% |
|||||||||
|
61-90 Days Delinquent |
131 |
0.18 |
% |
$ |
2,392,039.70 |
0.21 |
% |
|||||||||
|
91-120 Days Delinquent |
26 |
0.04 |
% |
$ |
481,756.41 |
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 |
23 |
0.03% |
$596,410.52 |
0.05% |
||||
|
Total Accumulated Repossessed Vehicles in Inventory |
52 |
0.07% |
$1,317,722.45 |
0.11% |
Page 3
SERVICER'S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
|
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2025-2 Owner Trust |
||||||||
|
Collection Period: September 1, 2026 through September 30, 2026 |
||||||||
|
Deal Age |
17 |
Determination Date: 10/13/2026 |
|
|
Actual/360 Days |
30 |
Record Date: 10/14/2026 |
|
|
30/360 Days |
30 |
Payment Date: 10/15/2026 |
DELINQUENCY AND NET LOSS ACTIVITY
|
Net Loss and Delinquency Ratios |
||||||||
|
Ratio of Net Losses to the Pool Balance as of Each Collection Period |
||||||||
|
Third Preceding Collection Period |
0.36 |
% |
||||||
|
Second Preceding Collection Period |
0.43 |
% |
||||||
|
Preceding Collection Period |
0.56 |
% |
||||||
|
Current Collection Period |
0.11 |
% |
||||||
|
Four Month Average |
0.36 |
% |
||||||
|
Ratio of Number of Contracts Delinquent 61 Days or More to the Outstanding Number of Receivables (includes repossessions in inventory) |
||||||||
|
Second Preceding Collection Period |
0.26 |
% |
||||||
|
Preceding Collection Period |
0.27 |
% |
||||||
|
Current Collection Period |
0.29 |
% |
||||||
|
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 |
25 |
$616,844.29 |
587 |
$15,582,332.02 |
||||
|
Liquidation Proceeds and Recoveries on Defaulted Receivables |
61 |
$506,201.64 |
514 |
$9,018,474.08 |
||||
|
Net Loss Amount |
25 |
$110,642.65 |
587 |
$6,563,857.94 |
||||
|
Net Loss % of Average Portfolio Balance (Annualized) |
0.11% |
|||||||
|
Cumulative Net Loss % of Initial Balance |
0.26% |
|||||||
|
Average Net Loss of Assets Experiencing a Loss |
$11,182.04 |
|||||||
CREDIT ENHANCEMENT
|
Reconciliation of Reserve Account |
Reconciliation of Yield Supplement Account |
|||||
|
Beginning Reserve Account Balance |
$6,207,848.43 |
Beginning Yield Supplement Account Balance |
$43,299,969.05 |
|||
|
Investment Earnings |
$17,862.54 |
Investment Earnings |
$128,761.15 |
|||
|
Excess Interest Deposited into the Reserve Account |
$0.00 |
Additional Yield Supplement Amounts |
$0.00 |
|||
|
Investment Withdrawal to Seller |
$(17,862.54) |
Yield Supplement Withdrawal Amount |
$(3,282,725.67) |
|||
|
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 |
$40,146,004.53 |
|||
|
Reserve Account Required Amount |
$6,207,848.43 |
|||||
Page 4
SERVICER'S CERTIFICATE
AMERICAN HONDA FINANCE CORPORATION
|
MONTHLY SERVICER REPORT -- Honda Auto Receivables 2025-2 Owner Trust |
||||||||
|
Collection Period: September 1, 2026 through September 30, 2026 |
||||||||
|
Deal Age |
17 |
Determination Date: 10/13/2026 |
|
|
Actual/360 Days |
30 |
Record Date: 10/14/2026 |
|
|
30/360 Days |
30 |
Payment Date: 10/15/2026 |
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 |
||
Page 5