BASF Group Reports Preliminary 2025 Figures with Strong Free Cash Flow

BASF Group anticipates sales of €59.7 billion for full-year 2025, down from €61.4 billion in 2024 excluding discontinued Coatings operations, aligning with analyst estimates from Vara at €59.6 billion. Volumes rose slightly, but lower prices and negative currency effects weighed on performance. EBITDA before special items is projected at €6.6 billion, below Vara's €6.7 billion consensus and BASF's October forecast range of €6.7 billion to €7.1 billion, compared to €7.2 billion in 2024 excluding Coatings. The decline stems mainly from reduced margins and adverse currencies. Free cash flow reached €1.3 billion, surpassing Vara's €0.6 billion estimate and BASF's €0.4 billion to €0.8 billion outlook, up from €0.7 billion in 2024, aided by lower capital spending at €4.3 billion versus €6.2 billion prior year. Operating cash flows are expected at €5.6 billion, down from €6.9 billion due to higher precious metal trading, offset partly by Wintershall Dea dividends. EBIT stands at €1.6 billion, under Vara's €2.2 billion and 2024's €1.8 billion excluding Coatings, with higher restructuring costs balanced by gains like the decorative paints sale to Sherwin-Williams on October 1, 2025; special items total minus €1.3 billion. Net income is forecasted at €1.6 billion, exceeding Vara's €1.2 billion and 2024's €1.3 billion, driven by stronger Wintershall Dea contributions. Analysts' estimates appear monthly at www.basf.com/analysts-estimates. The BASF Report 2025 emerges February 27, 2026, with investor calls from 9:00 to 10:00 a.m. CET and press conference from 10:30 to 11:30 a.m. CET.