Annual results and Q4 2025
Wednesday, February 04, 2026
Press release: English (PDF 0.4 MB) | Deutsch (PDF 0.4 MB)
Condensed financial report (PDF 0.5 MB)
Download the presentation (PDF 4.7 MB)
Download the podcast (MP3 35 MB)
| Key figures1 | Q4 2025 (USD m2) | Q4 2024 (USD m2) | % change (USD/cc) |
|---|---|---|---|
| Net sales | 13,336 | 13,153 | 1 (cc: -1) |
| Operating income | 3,616 | 3,530 | 2 (cc: 4) |
| Net income | 2,404 | 2,820 | -15 (cc: -14) |
| EPS (USD) | 1.26 | 1.42 | -11 (cc: -11) |
| Free cash flow | 1,655 | 3,635 | -54 |
Core | |||
| Operating income | 4,929 | 4,859 | 1 (cc: 1) |
| Net income | 3,889 | 3,933 | -1 (cc: -2) |
| EPS (USD) | 2.03 | 1.98 | 3 (cc: 2) |
- Constant currencies (cc), core results and free cash flow are non-IFRS measures. An explanation of non-IFRS measures can be found on page 44 of the Condensed Financial Report. Unless otherwise noted, all growth rates in this Release refer to same period in prior year.
- USD millions unless indicated otherwise