nVent Electric plc

There have been no material changes from the risk factors previously disclosed in our 2025 Annual Report on Form 10-K for the year ended December 31, 2025, except for the additional risk factors relating to the Maverick Power acquisition set forth below.

We could be subject to new risks, known and unknown, relating to the Maverick Power acquisition.

We may experience risks, losses and damages associated with the Maverick Power acquisition. The risks we could face include the following:

•the Maverick Power acquisition may lead to the incurrence of costs to review, upgrade and integrate Maverick Power’s systems with our compliance and reporting systems, including our systems of internal control over financial reporting. The process of integrating Maverick Power into our internal control over financial reporting could require significant time and effort from our management and other personnel and could increase our compliance costs; and

•the Maverick Power acquisition involves the inherent risk of liabilities, and these liabilities may prove more costly or produce more adverse effects than we anticipate, such as actual or potential litigation and regulatory matters. In addition, in the course of the due diligence review of Maverick Power, we may not have discovered, or may have been unable to quantify, undisclosed liabilities of Maverick Power, and we may not be indemnified or have insurance for any of these liabilities. Any such liabilities could have an adverse effect on our business, results of operations, financial condition and cash flows.

Any of these risks associated with the Maverick Power acquisition could have a material adverse impact on our business, results of operations and financial condition.

Increased leverage may harm our financial condition and results of operations.

As of September 30, 2026, we had $2.2 billion of total debt on a consolidated basis. On October 1, 2026, our indebtedness increased materially in connection with the Maverick Power acquisition. We funded the Maverick Power acquisition with borrowings under the 2026 Term Loan Facility and net proceeds from the issuance of the 2036 Notes, together with cash on hand and borrowings from our Revolving Credit Facility, for an aggregate amount of approximately $1.65 billion of new indebtedness incurred in connection with the Maverick Power acquisition. We and our subsidiaries may incur additional indebtedness in the future. This increase and any future increases in our level of indebtedness will have several important effects on our future operations, including, without limitation:

•we will have additional cash requirements to support the payment of interest on our outstanding indebtedness;

•increases in our outstanding indebtedness and leverage may increase our vulnerability to adverse changes in general economic and industry conditions, as well as to competitive pressure;

•our ability to obtain additional financing for working capital, capital expenditures, general corporate and other purposes may be reduced;

•our flexibility in planning for, or reacting to, changes in our business and our industry may be reduced; and

•our flexibility to make acquisitions and develop technology may be limited.

Our ability to make payments of principal and interest on our indebtedness depends upon our future performance, which will be subject to general economic conditions and financial, business and other factors affecting our consolidated operations, many of which are beyond our control. If we are unable to generate sufficient cash flow from operations in the future to service our debt and meet our other cash requirements, we may be required, among other things:

•to seek additional financing in the debt or equity markets;

•to refinance or restructure all or a portion of our indebtedness;

•to sell selected assets or businesses; or

•to reduce or delay planned capital or operating expenditures.

Such measures might not be sufficient to enable us to service our debt and meet our other cash requirements. In addition, any such financing, refinancing or sale of assets might not be available at all or on economically favorable terms.

We may not realize the anticipated benefits of the Maverick Power acquisition and any benefit may take longer to realize than we expect.

There are uncertainties inherent in the integration of Maverick Power’s operations with our existing operations. Integration may divert management attention and resources, and delays or unexpected difficulties in the integration process could adversely affect our business, financial results and financial condition. Even if we are able to integrate Maverick Power’s operations successfully, this integration may not result in the realization of the full benefits or operational efficiencies that we expect or the achievement of these benefits within a reasonable period of time or at all.