BASF reported sales of €17.4 billion in the first quarter of 2025, slightly down from the prior-year period due to volume and pricing pressure in several segments. EBITDA before special items totaled €2.6 billion, nearly matching the prior-year figure and aligning with analyst expectations. The company noted that its globally distributed production base has helped limit the direct impact of U.S. tariff developments.

Chief Financial Officer Dr. Dirk Elvermann highlighted the advantages of BASF's local-for-local strategy, with more than 80 percent of sales in key regions coming from regionally produced goods. However, he cautioned that indirect effects from tariffs could still influence demand in downstream markets like automotive and consumer goods.

Segment performance was mixed, with gains in Surface Technologies offset by declines in Agricultural Solutions, Chemicals, and Nutrition & Care. Net income fell to €808 million from €1.4 billion in the prior-year quarter, largely due to special charges including the sale of wind farm shares.

Free cash flow was negative €1.8 billion, reflecting operating cash outflows and one-time litigation settlement payments. The company reaffirmed its full-year 2025 guidance, including EBITDA before special items between €8.0 billion and €8.4 billion, and free cash flow between €0.4 billion and €0.8 billion.

BASF also confirmed a proposed dividend of €2.25 per share for the 2024 business year, with payment expected on May 7, pending shareholder approval.

Learn more: https://www.basf.com/global/en/media/news-releases/2025/05/p-25-082