Integrated Annual Report 2025

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Our financial and sustainability performance at a glance

Total Group performance

(in € million)

 

2025

 

2024

Sales from continuing operations

 

9,034

 

9,054

Sales from discontinued operations

 

3,487

 

3,745

Sales total Group

 

12,521

 

12,799

 

 

 

 

 

EBITDA from continuing operations

 

1,657

 

1,572

EBITDA from discontinued operations

 

588

 

419

EBITDA total Group

 

2,245

 

1,991

 

 

 

 

 

Adjusted EBITDA from continuing operations

 

1,772

 

1,751

Adjusted EBITDA from discontinued operations

 

507

 

367

Adjusted EBITDA total Group

 

2,279

 

2,118

Financial performance

in € million

 

2025

 

2024

Sales from continuing operations

 

9,034

 

9,054

Adjusted EBITDA from continuing operations1

 

1,772

 

1,751

Adjusted operating profit from continuing operations (EBIT)1

 

861

 

816

Operating profit (loss) from continuing operations (EBIT)

 

711

 

547

Net profit (loss) for the year from continuing operations

 

342

 

359

Core adjusted net profit for the year from continuing operations1,4

 

887

 

976

Adjusted gross operating free cash flow from continuing operations1

 

950

 

1,217

Capital expenditure, cash based

 

764

 

764

Dividend for dsm-firmenich shareholders (based on profit appropriation)2

 

629

 

661

Net debt

 

3,301

 

2,556

Shareholders’ equity

 

18,244

 

22,511

Total assets

 

29,345

 

33,747

Capital employed

 

21,307

 

21,737

Market capitalization at December 313

 

18,171

 

25,825

 

 

 

 

 

Other financial indicators

 

 

 

 

 

 

 

 

 

Per ordinary share in €

 

 

 

 

Basic earnings per share (continuing operations)4

 

1.21

 

1.21

Core adjusted earnings per share (continuing operations)1,4

 

3.31

 

3.54

 

 

 

 

 

Financial ratios (%)

 

 

 

 

Adjusted EBITDA margin (continuing operations)1

 

19.6

 

19.3

Working capital/annualized net sales (continuing operations)

 

20.6

 

19.6

Core adjusted ROCE (continuing operations)1,4

 

11.1

 

10.9

Equity/total assets

 

62.8

 

67.3

1

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.

2

Subject to adoption of the resolution by the Annual General Meeting of Shareholders to be held on May 7, 2026.

3

Source: Bloomberg

4

Restated for comparison purposes.

Sustainability performance

(total dsm-firmenich)

 

2025

 

2024

Workforce at December 31 (headcount)

 

28,550

 

28,214

Female:male ratio

 

36:64

 

36:64

Female:male ratio (Global Management Team)

 

32:68

 

31:69

Total employee benefit costs (in € million)

 

3,009

 

3,021

Frequency Index Total Recordable Incident Rate

 

0.26

 

0.24

Employee Engagement Index (in %)

 

80

 

79

 

 

 

 

 

Primary energy use (in MWh)

 

4,698,200

 

4,753,800

Greenhouse gas emissions, Scope 1 & 2 (in kt CO2e)

 

721.7

 

775.4

Scope 1 & 2 reduction versus 2021

 

31%

 

27%

Greenhouse gas emissions, Scope 3 (in kt CO2e)

 

10,280.1

 

10,649.5

Scope 3 reduction versus 2021

 

23%

 

20%

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