2. Scope of Consolidation
The content of this section is not part of the statutory audit of the annual financial statements but has undergone a separate limited assurance by our auditor.
The content of this section is voluntary, unaudited information, which was critically read by the auditor.
Number of companies |
Europe |
of which |
North |
Asia Pacific |
South |
2025 |
2024 |
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
As of January 1 |
148 |
50 |
35 |
72 |
22 |
277 |
269 |
|||||||||||||
| of which proportionally consolidated | 7 |
– |
– |
2 |
– |
9 |
9 |
|||||||||||||
First-time consolidationsa |
3 |
2 |
4 |
9 |
1 |
17 |
13 |
|||||||||||||
| of which proportionally consolidated | – |
– |
– |
– |
– |
– |
– |
|||||||||||||
Deconsolidationsb |
8 |
6 |
– |
2 |
2 |
12 |
5 |
|||||||||||||
| of which proportionally consolidated | 1 |
– |
– |
– |
– |
1 |
– |
|||||||||||||
As of December 31 |
143 |
46 |
39 |
79 |
21 |
282 |
277 |
|||||||||||||
| of which proportionally consolidated | 6 |
– |
– |
2 |
– |
8 |
9 |
|||||||||||||
|
||||||||||||||||||||
In 2025, a total of 17 companies were newly included in the scope of consolidation. Fourteen companies were fully consolidated for the first time due to their increased importance. Of these, two were located in Germany, three in North America, one in South America, Africa, Middle East and eight in Asia Pacific. One company was newly established in North America. One company established in Asia Pacific in 2025 was initially reported under other shareholdings and valued at cost before being included in the Consolidated Financial Statements for the first time due to its increased importance. Furthermore, in the Europe region, BASF acquired DOMO Chemicals’ 49% stake in the joint operation Alsachimie S.A.S., Chalampé, France, and is now the sole owner of the company. Since July 2025, Alsachimie has been fully consolidated in the Consolidated Financial Statements. Until then, Alsachimie was proportionally consolidated (for more information, see Note 3).
Four companies based in Germany and one company in the region South America, Africa, Middle East were merged with other companies. One company in each of the regions Europe (Germany), Asia Pacific, and South America, Africa, Middle East was divested. One company based in Asia Pacific was liquidated and two companies in Europe (one of which was in Germany) were no longer included in the Consolidated Financial Statements due to their diminished significance.
In the previous year, eight companies were included in the scope of consolidation for the first time due to their increased importance and one newly founded company was added. Of these companies, eight were in Europe (including two in Germany) and one in South America, Africa, Middle East. In addition, four acquired companies based in Germany were newly included in the scope of consolidation, and an additional German company was included for the first time using the equity method.
Four companies – two with headquarters in Europe and one each with headquarters in North America and in Asia Pacific – were liquidated. A further company based in South America, Africa, Middle East was merged.
|
2025 |
2024 |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Million € |
%a |
Million € |
%a |
||||||||
Sales |
0 |
0.0 |
– |
– |
||||||||
|
|
|
|
|
||||||||
|
|
|
|
|
||||||||
Noncurrent assets |
17 |
0.0 |
–2 |
0.0 |
||||||||
of which property, plant and equipment |
34 |
0.1 |
– |
– |
||||||||
Current assets |
–34 |
0.1 |
0 |
0.0 |
||||||||
of which cash and cash equivalents |
0 |
0.0 |
2 |
0.1 |
||||||||
Assets |
–17 |
0.0 |
–2 |
0.0 |
||||||||
|
|
|
|
|
||||||||
|
|
|
|
|
||||||||
Equity |
9 |
0.0 |
1 |
0.0 |
||||||||
Noncurrent liabilities |
–8 |
0.1 |
– |
– |
||||||||
of which financial indebtedness |
– |
– |
– |
– |
||||||||
Current liabilities |
16 |
0.0 |
–3 |
0.0 |
||||||||
of which financial indebtedness |
– |
– |
– |
– |
||||||||
Total equity and liabilities |
17 |
0.0 |
–2 |
0.0 |
||||||||
Other financial obligations |
– |
– |
– |
– |
||||||||
|
||||||||||||
The joint operations proportionally consolidated as of December 31, 2025, include, in particular:
Ellba C.V., Rotterdam, Netherlands, which is jointly operated with Shell for the production of propylene oxide and styrene monomer
BASF DOW HPPO Production BVBA, Antwerp, Belgium, which is jointly operated with Dow for the production of propylene oxide
Butachimie SNC, Chalampé, France, which is jointly operated with Invista for the production of adiponitrile (ADN) and hexamethylenediamine (HMD)
Furthermore, Alsachimie S.A.S. had been proportionally consolidated throughout the prior year and until the assumption of full control on July 1, 2025, as described above.
In addition to the fully and proportionally consolidated companies, 22 joint ventures and/or associated companies (previous year: 24) were consolidated using the equity method as of December 31, 2025.
A list of the companies included in the Consolidated Financial Statements and of all companies in which BASF SE has a shareholding as required by section 313(2) of the German Commercial Code (HGB) is provided in the list of shares held (for more information, see Note 4).