BASF Report 2025

Ten-Year Summary

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.

Ten-year summary

Million €

 

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

Key data

 

 

 

 

 

 

 

 

 

 

 

EBITDA before special items

 

10,327

10,738a

9,271b

8,324

7,435

11,348

10,762

7,671

7,240e

6,554

EBITDA margin before special items

%

17.9

17.5a

15.4b

14.0

12.6

14.4

12.3

11.1

11.8e

11.0

Cash flows from operating activities

 

7,717

8,785

7,939

7,474

5,413

7,245

7,709

8,111

6,946

5,610

Free cash flow

 

3,572

4,789

4,045

3,650

2,284

3,713

3,333

2,715

748

1,342

CO2 emissions

million metric tons

22.0

22.6

21.9

20.1

20.8

20.2

18.4

17.0d

17.0

16.1

ROCE

%

–

15.4

12.0b

7.7

1.7

13.7

10.0

4.5

5.1e

5.8

Earnings per share

€

4.42

6.62

5.12

9.17

–1.15

6.01

–0.70

0.25

1.45

1.82

Adjusted earnings per share

€

4.83

6.44

5.87

4.00

3.21

6.76

6.96

2.78

3.51

2.24

Return on assets

%

8.2

9.5a

7.1

4.5

–1.2

9.5

2.1

2.8

3.5e

4.3

Return on equity after tax

%

13.3

18.9

14.1

21.6

–2.8

15.6

–0.9

1.0

4.0e

4.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures, depreciation and amortization

 

 

 

 

 

 

 

 

 

Additions to property, plant and equipment and intangible assets

 

7,258

4,364

10,735

4,097

4,869

4,881

4,967

6,006

6,826

4,787
of which property, plant and equipment

 

4,377

4,028

5,040

3,842

4,075

4,410

4,842

5,864

6,694

4,665

Depreciation and amortization of property, plant and equipment and intangible assets

 

4,251

4,202

3,750

4,146

6,685

3,678

4,200

4,941

4,648

4,163
of which property, plant and equipment

 

3,691

3,586

3,155

3,408

5,189

3,064

3,549

4,062

3,978

3,687

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employees at year-end

 

113,830

115,490

122,404

117,628

110,302

111,047

111,481

111,991

111,822

108,251

Personnel expenses

 

10,165

10,610

10,659

10,924

10,576

11,097

11,400

10,950

11,241

12,299

Research and development expenses

 

1,863

1,843a

1,994b

2,158

2,086

2,216

2,298

2,130

1,969e

1,995

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of income

 

 

 

 

 

 

 

 

 

 

 

Sales

 

57,550

61,223a

60,220b

59,316

59,149

78,598

87,327

68,902

61,444e

59,657

EBITDA

 

10,526

10,765a

8,970b

8,185

6,494

11,355

10,748

7,180

6,211e

5,618

EBIT

 

6,275

7,587a

5,974b

4,201

–191

7,677

6,548

2,240

1,810e

1,634

Income before income taxes

 

5,395

6,882a

5,233b

3,302

–1,562

7,448

1,190

1,420

1,861e

2,447

Income after taxes from continuing operations

 

–

5,592a

4,116b

2,546

–1,471

6,018

–391

379

1,288e

1,540

Income after taxes from discontinued operations

 

–

760a

863b

5,945

396

–36

–

–

165e

185

Income after taxes

 

4,255

6,352

4,979

8,491

–1,075

5,982

–391

379

1,453

1,726

Net income

 

4,056

6,078

4,707

8,421

–1,060

5,523

–627

225

1,298

1,619

EBIT before special items

 

6,309

7,645a

6,281b

4,643

3,560

7,768

6,878

3,806

3,523e

2,887

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance sheet (IFRS)

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

76,496

78,768

86,556

86,950

80,292

87,383

84,472

77,395

80,415

76,174

Noncurrent assets

 

50,550

47,623

43,335

55,960

50,424

52,332

47,050

45,923

49,183

44,489

of which intangible assets

 

15,162

13,594

16,554

14,525

13,145

13,499

13,273

12,216

11,983

9,692
of which property, plant and equipment

 

26,413

25,258

20,780

21,792

19,647

21,553

22,967

24,080

27,197

25,405

Current assets

 

25,946

31,145

43,221

30,990

29,868

35,051

37,422

31,472

31,232

31,684

of which inventories

 

10,005

10,303

12,166

11,223

10,010

13,868

16,028

13,876

13,681

12,168
of which accounts receivable, trade

 

10,952

10,801

10,665

9,093

9,466

11,942

12,055

10,414

10,393

8,325
of which cash and cash equivalents

 

1,375

6,495

2,300

2,427

4,330

2,624

2,516

2,624

2,914

2,670

Equity

 

32,568

34,756

36,109

42,350

34,398

42,081

40,923

36,646

36,884

34,338

Total liabilities

 

43,928

44,012

50,447

44,600

45,894

45,301

43,550

40,750

43,532

41,836

of which financial indebtedness

 

16,312

18,032

20,841

18,377

19,214

17,184

19,016

19,268

21,762

21,088

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Appropriation of profits

 

 

 

 

 

 

 

 

 

 

 

Net income of BASF SEc

 

2,808

3,130

2,982

3,899

3,946

3,928

3,849

7,434

2,704

2,665

Dividend

 

2,755

2,847

2,939

3,031

3,031

3,072

3,035

3,035

2,008

1,990f

Dividend per share

€

3.00

3.10

3.20

3.30

3.30

3.40

3.40

3.40

2.25

2.25g

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of shares at year-end

million

918.5

918.5

918.5

918.5

918.5

918.5

893.9

892.5

892.5

884.3

a

Figures for 2017 were restated with the presentation of the oil and gas activities as discontinued operations.

b

Figures for 2018 were restated with the presentation of the construction chemicals activities as discontinued operations.

c

Calculated in accordance with German GAAP

d

The figure for 2023 has been adjusted due to updated data.

e

The figures for 2024 were adjusted to reflect the presentation of the Coatings business as a discontinued operation.

f

Based on the number of outstanding shares as of December 31, 2025 (884,325,217).

g

Dividend proposed by the Board of Executive Directors

Published on February 27, 2026

Topic filter

Results for