BASF reported preliminary financial figures for the full year 2025, with sales expected to reach €59.7 billion compared with €61.4 billion in 2024 excluding discontinued coatings operations. Volumes increased slightly during the year, while negative currency effects and lower prices weighed on overall sales performance.

EBITDA before special items is expected to total €6.6 billion, slightly below analyst consensus and below the company’s forecast range issued in October 2025. The year-over-year decline was driven primarily by lower margins and unfavorable currency effects compared with 2024.

Free cash flow is expected to reach €1.3 billion in 2025, exceeding analyst expectations and the company’s previously forecast range. The increase compared with 2024 was supported by lower capital expenditures, with payments for property, plant and equipment and intangible assets declining to €4.3 billion.

EBIT for 2025 is expected to total €1.6 billion, reflecting higher restructuring costs that were partially offset by positive special items, including proceeds from the sale of the decorative paints business to Sherwin-Williams in October 2025. Net income is expected to reach €1.6 billion, supported by higher earnings contributions from BASF’s at-equity participation in Wintershall Dea.

The BASF Report 2025 is scheduled for publication on February 27, 2026.

This announcement relates to broader trends affecting chemical manufacturing performance, restructuring activity and financial strategy across the global coatings and materials supply chain. Explore more PCI coverage on Business Strategies.