dsm-firmenich figures: five-year summary

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Balance sheet
in € million	2025	2024	2023	2022	2021
Assets
Goodwill and intangible assets	15,384	18,078	18,738	5,147	5,309
Property, plant and equipment	4,174	5,725	5,549	3,576	3,964
Deferred tax assets	227	299	228	95	203
Share in associates and joint ventures	199	342	130	61	64
Derivatives	60	51	46	82	48
Other non-current assets	408	453	735	314	302
Non-current assets	20,452	24,948	25,426	9,275	9,890

Inventories	2,121	3,290	3,390	2,339	2,297
Current receivables	2,099	2,769	2,843	1,622	1,697
Derivatives	41	23	42	42	30
Financial investments	121	50	107	125	489
Cash and cash equivalents	1,782	2,667	2,456	2,755	1,561
Assets held for sale	2,729	–	6	1,245	56
Current assets	8,893	8,799	8,844	8,128	6,130
Total assets	29,345	33,747	34,270	17,403	16,020

Equity and liabilities
Shareholders’ equity	18,244	22,511	22,908	10,743	9,318
Non-controlling interests	179	186	162	102	79
Equity	18,423	22,697	23,070	10,845	9,397

Deferred tax liabilities	1,351	1,556	1,751	476	490
Employee benefit liabilities	193	487	520	287	323
Provisions	52	87	142	50	96
Borrowings	3,617	4,444	4,114	2,978	2,995
Derivatives	14	7	8	4	9
Other non-current liabilities	102	109	146	205	280
Non-current liabilities	5,329	6,690	6,681	4,000	4,193

Employee benefits liabilities	12	62	49	5	21
Provisions	51	77	34	45	68
Borrowings	1,660	836	716	86	103
Derivatives	14	60	28	23	40
Current liabilities	2,450	3,325	3,684	1,969	2,188
Liabilities held for sale	1,406	–	8	430	10
Current liabilities	5,593	4,360	4,519	2,558	2,430
Total equity and liabilities	29,345	33,747	34,270	17,403	16,020

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Income statement

in € million

2025

2024

2023

2022

2021

Net sales

12,521

12,799

11,015

10,480

9,468

Net sales from continuing operations

9,034

9,054

10,627

8,390

7,269

Adjusted EBITDA¹

2,279

2,118

1,441

1,725

1,842

EBITDA

2,245

1,991

3,637

2,646

2,370

Adjusted operating profit (EBIT)¹

1,114

926

428

1,071

1,167

Operating profit (EBIT)

(877)

561

2,330

1,994

1,689

Operating profit (EBIT) from continuing operations

711

547

(497)

682

711

Financial income and expense

(153)

(134)

(151)

(94)

(106)

Income tax expense

(147)

(19)

(190)

(245)

Share of the profit (loss) of associates and joint ventures

(107)

–

(7)

342

Net profit (loss) for the year

(1,039)

280

2,153

1,715

1,680

Net profit attributable to non-controlling interests

(42)

(30)

(16)

(15)

(4)

Net profit (loss) available to equity holders of the parent company

(1,081)

250

2,137

1,700

1,676

Dividend on CumPref shares and interest on hybrid bonds

(26)

(28)

(6)

Net profit (loss) available to holders of ordinary shares

(1,107)

222

2,131

1,694

1,670

Key figures and financial ratios

Capital employed

21,307

26,474

26,766

11,473

11,019

Capital expenditure:

- Intangible assets and Property, plant and equipment

840

830

700

636

614

- Acquisitions

–

14,569

754

Disposals

1,104

184

3,559

1,413

1,941

Depreciation, amortization and impairments

3,122

1,430

1,307

652

681

Net debt

(3,301)

(2,556)

(2,215)

(87)

(1,019)

Dividend

718

667

582

167

438

Workforce at December 31, headcount

28,550

28,214

29,301

20,682

21,358

Financial ratios¹

Current assets/current liabilities

1.59

2.02

1.96

3.15

2.52

Equity/total assets

0.63

0.67

0.62

0.59

Gearing (net debt/equity plus net debt) in %

15.2%

10.1%

8.8%

0.8%

9.7%

Adjusted EBITDA/net sales in %

18.2%

16.5%

13.1%

16.5%

19.5%

Adjusted EBITDA/financial income and expense

14.9

15.8

12.3

20.1

17.4

In presenting and discussing dsm-firmenich’s financial position, operating results and cash flows, dsm-firmenich uses certain Alternative Performance Measures (APMs) not defined by IFRS. These APMs are used because they are an important measure of dsm-firmenich’s business development and management performance. A full reconciliation of IFRS performance measures to the APMs is given in Note 2 Alternative performance measures.

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Sustainability information – Environmental

in € million

2025

2024

2023

2022¹

2021

Greenhouse gas emissions Scope 1, 2 & 3 (x 1,000 tonnes)

Gross Scope 1 CO₂e emission

582

605.7

606.6

–

- Emissions from regulated emissions trading schemes

245

268.0

286.0

–

Total Scope 2 CO₂e emissions – market based

140.0

169.7

308.8

–

Total Scope 2 CO₂e emissions – location based

464.3

476.9

602.3

–

Total biogenic CO₂ emissions from combustion of biofuels

33.0

34.4

66.0

–

Scope 3 CO₂e emissions

10,280.1

10,649.5

10,459.7

–

Total CO₂e emissions – market based

11,001.8

11,424.9

11,375.1

–

Total CO₂e emissions – location based

11,326.1

11,720.8

11,668.6

–

Energy Consumption (MWh)

Total (net) energy consumption

4,698,200

4,753,800

5,365,400

–

Total renewable electricity consumption

1,256,000

1,144,700

1,155,500

–

Water withdrawal, discharge and consumption (x 1,000 m³)

Total water withdrawal (m³)

100,350

103,600

104,400

–

Total freshwater withdrawals

82,500

86,200

82,900

–

Total water consumption in water-stressed areas

5,400

5,300

5,800

–

Total water discharged

94,800

98,250

98,600

–

Waste (tonnes)

Total non-hazardous waste

259,300

237,200

–²

–

Total hazardous waste

92,800

94,700

–²

–

Total recycled waste (hazardous and non-hazardous)

91,100

119,900

129,700

–

Emissions to air

Volatile Organic Compounds (VOC)

2,500

2,400

2,700

–

Nitrogen oxide (NOₓ)

350

500

600

–

Sulfur dioxide (SO₂)

–

Emissions to water

Chemical Oxygen Demand (COD)¹

3,600

3,000

2,600

–

Nitrogen

420

450

–²

–

Phosphorus

150

–²

–

1	Sustainability information was not reported at dsm-firmenich before 2023
2	First year of reporting

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Sustainability information – Suppliers

in € million

2025

2024

2023

2022¹

2021

Spend coverage with transparency platforms

80.1%

68.2%

58%

Average EcoVadis score

67.6

59.7

57.0

–

Share of suppliers by spend with SBTi – validated targets

35.9%

27.9%

17%

–

Training delivered to suppliers with human rights identified gaps

79%

49%

–²

–

Procurement members trained on responsible sourcing

100%

–²

–

Naturals sourcing program completion rate

48%

–²

–

1	Sustainability information was not reported at dsm-firmenich before 2023
2	First year of reporting

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Sustainability information – Social

in € million

2025

2024

2023

2022¹

2021

Workforce

28,550

28,214

29,301

–

Male

18,132

17,968

18,487

–

Female

10,406

10,242

10,811

–

Not disclosed/Unknown

–

Workforce by age category

<30 years

4,149

4,276

3,961

–

30–50 years

17,718

17,401

16,763

–

>50 years

6,683

6,537

6,504

–

Non-integrated acquisitions

–

1,586

2,042

–

% females

36.4%

36.3%

36.9%

–

Executives

31.7%

31.3%

34.4%

–

Management

68.3%

43.1%

37.4%

–

Other

0.0%

32.3%

36.0%

–

Compensation-related metrics

–

Employees paid below benchmark

–²

–

Unadjusted gender pay gap

8.2%

-6.1%

–²

–

Adjusted gender pay gap

3.3%

–²

–

Remuneration ratio

71.7

–²

–

Employee engagement survey

Employee engagement (%)

80%

79%

82%

–

Inclusion index (%)

71%

67%

–²

–

Participation rate (%)

90%

85%

59%

–

Safety

Total recordable incident rate (TRIR) – all

0.26

0.24

0.31

–

Process safety incident rate

0.30

0.31

0.28

–

Occupational health rate – all

0.10

0.11

0.14

–

Other People indicators

Employees covered by formally-elected employee representatives or collective agreement (%)

43%

–²

–

1	Sustainability information was not reported at dsm-firmenich before 2023
2	First year of reporting

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