Integrated Annual Report 2025

For us, value creation extends far beyond financial metrics. It is an intricate interplay of environmental, social and economic factors that defines our commitment to sustainable and responsible business.

Capital inputs and approach1

  • Financial capital: Sourced from our shareholders and invested into our operations to drive innovation and expansion

  • Manufactured capital: Includes our production facilities and technological infrastructure

  • Intellectual capital: Our extensive R&D capabilities and proprietary technologies

  • Human capital: Embodied by a talented and dedicated workforce

  • Social capital: Built through strong relationships with our stakeholders, including customers, suppliers, and communities

  • Natural capital: Involves the sustainable use of resources such as water, energy, and raw materials

Business model and value chain

We gather, develop, and secure these inputs through strategic investments, robust R&D activities, talent management, stakeholder engagement, and sustainable resource management. The model leverages these inputs to create value through interconnected activities. The main features of our upstream and downstream value chain include suppliers, customers, distribution channels, and end users. We maintain strong relationships with these business actors to ensure efficient and effective value creation. Our key suppliers provide essential raw materials and components, while our customers and distribution channels help deliver products and services to end users.

Capital outputs and outcomes

The outputs of the model are multifaceted and create value for our stakeholders:

  • Financial outputs: Revenue growth, profitability, and shareholder returns

  • Manufactured outputs: High-quality products and innovative solutions

  • Intellectual outputs: Patents, trademarks, and industry-leading research

  • Human outputs: Employee development, engagement, and well-being

  • Social outputs: Contributions to community development and stakeholder engagement

  • Natural outputs: Responsible management of environmental resources and reduction of ecological footprint

Inputs

Financial

€ 18,244 million

Shareholders’ equity

€ 3,301 million

Net Debt

Manufactured

234

Sites

40

Countries

Intellectual

11,000+

Patents

€ 657 million

R&D expenditure

Human

28,550

Employees

36:64

Female:male ratio

Social

over 100,000 hours

Training

Natural

4,698,200 in MWh

Primary energy use

5.4 million m3

Water consumption

Value Creation Model

Click to learn more about our businesses

Outputs

Financial

€ 1,772 million

Adjusted EBITDA

€ 1.21

Basic earnings per share

Manufactured

Amberever® Neo CocoaCraze™ Humiome® post LB

and other products

Intellectual

109

New patents

15

R&D hubs

Human

0.26

Total Recordable Incident Rate (TRIR)

80%

Employee engagement

Social

775 million people

improved nutrition

Natural

100%

Renewable electricity

11,002 kt CO2e

Scope 1, 2, 3 emissions

Two young children stand in a kitchen. (photo)

Taste, Texture & Health

At dsm-firmenich we have the recipe to lead a new era in Taste, Texture and Health. Our boundless creativity and broad portfolio of unique and nutritious ingredients ensures consumer preferred food and beverages for every taste and occasion. We bring progress to life by co-creating with our customers to transform how the world eats.

Two men, one younger and one older, walk together outdoors with their arms around each other, smiling and holding water bottles on a sunny path. (photo)

Health, Nutrition & Care

We go beyond the essential to co-develop desirable and sustainable science-backed products, powered by our expert services. A healthier world takes more than just ingredients. It takes an end-to-end, purpose-led partner that brings progress to life.

A young woman lies on green grass in warm sunlight, holding a flowering branch over her face. (photo)

Perfumery & Beauty

Smell that? That’s the scent of conscious perfumery and beauty – all with a more positive impact on people and planet. Using outstanding ingredients, we bring together the best of nature and science through a responsible and sustainable approach.

UN Sustainable Development Goals

We contribute to many of the SDGs, but in particular to SDG 2 and SDG 3 through the products and solutions we provide, and to SDG 12 in how we run our business.

UN Sustainable Development Goals

Sustainable Development Goals 2, 3, 12 (Icon )

1 Human capital, social capital and natural capital are reported as total dsm-firmenich

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