Forward contracts to repurchase shares
In 2024, DSM-Firmenich AG concluded an equity forward contract to repurchase 1.0 million shares as part of its share repurchase program to cover share plans. On April 24, 2025, the Company took delivery of the shares against payment of the forward price of €109 million (CHF 102 million). The shares were added to the Treasury shares, and the corresponding short-term liability was offset. See also Note 4 Short-term liabilities and payables.
Treasury shares
In 2025, DSM-Firmenich AG repurchased 0.9 million shares for an amount of €80 million (CHF 75 million) to fulfill its obligations under share-based compensation plans (2024: €40 million, CHF 38 million). Furthermore, the company repurchased 12.0 million shares for an amount of €1.0 billion (CHF 931 million) in line with its program to buy back shares to reduce its issued share capital.
On December 31, 2025, DSM-Firmenich AG held 14,145,991 treasury shares (end of 2024: 404,185), out of which 12,049,441 shares are reserved for capital reduction. The number of outstanding shares at the end of 2025 is 251,530,397 (2024: 265,272,203).
|
|
2025 |
|
2024 |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Number of shares |
|
EUR million |
|
CHF million |
|
Number of shares |
|
EUR million |
|
CHF million |
January 1 |
|
404,185 |
|
40 |
|
37 |
|
– |
|
– |
|
– |
Treasury shares increase at maturity of forward contracts to repurchase shares |
|
1,000,000 |
|
109 |
|
102 |
|
– |
|
– |
|
– |
Treasury shares repurchased for hedging of share plans |
|
881,355 |
|
80 |
|
75 |
|
404,185 |
|
40 |
|
38 |
Treasury shares reissued for vesting of share plans and exercise of stock options |
|
(188,990) |
|
(10) |
|
(10) |
|
– |
|
– |
|
– |
Treasury shares repurchased for cancellation purposes |
|
12,049,441 |
|
1,000 |
|
931 |
|
– |
|
– |
|
– |
December 31 |
|
14,145,991 |
|
1,219 |
|
1,135 |
|
404,185 |
|
40 |
|
38 |