BASF expects to close the 2025 fiscal year with sales of 59.7 billion euros, a figure slightly lower than that of 2024, when it reached 61.4 billion. The increase in volumes has not been sufficient to compensate for the impact of a weaker price environment and adverse exchange rate effects, which have weighed down revenue performance.
Regarding operating profitability, the German group estimates an **EBITDA before extraordinary items of 6.6 billion euros**, below both the analysts' consensus and the range the company itself was managing at the end of 2024. The decline compared to the previous year, when EBITDA reached 7.2 billion, is mainly due to pressure on margins and the negative effect of currency fluctuations
The photo improves in cash generation. BASF expects free cash flow of 1.3 billion euros in 2025, well above market expectations and the range communicated by the company. This rebound is supported, above all, by a sharp reduction in asset investments, which will fall from 6.2 billion in 2024 to 4.3 billion this year. Even so, cash flows from operating activities will fall to 5.6 billion euros, affected by the increase in precious metals trading positions, although partially offset by the dividend received from Wintershall Dea
The group's EBIT will stand at 1.6 billion euros, below both analysts' consensus and the previous year's figure. The figure reflects a sharp increase in restructuring costs, in line with the acceleration of the measures announced by the company. These impacts have been partially mitigated by positive extraordinary effects, most notably the sale of the decorative paints business to Sherwin-Williams, completed in October 2025. Overall, special items will reduce EBIT by approximately 1.3 billion euros.
Despite this context, BASF will manage to improve its bottom line. **Net profit will amount to 1.6 billion euros**, significantly exceeding both market expectations and the 2024 figure. This performance is largely explained by the greater contribution to earnings from its stake in Wintershall Dea.