BAS Income Statement - BASF SE

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Price: 52.15 EUR 0.54%

Market Cap: €46.6B

B	BASF SE XMUN:BAS	DE
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M	Maximus Inc F:MMY	US
	Infineon Technologies AG XETRA:IFX	DE
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V	Verizon Communications Inc XMUN:BAC	US
L	Logan Energy Corp OTC:LOECF	CA
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K	Klaveness Combination Carriers ASA OSE:KCC	NO
P	Plug Power Inc SWB:PLUN	US

Financial profile · Q2 FY2026

A cyclical chemicals platform with resilient cash generation and heavy reinvestment

BASF has a cyclical earnings model in which revenue and operating margins move with chemical prices, volumes, product mix, and industry conditions. Operating cash flow has generally remained positive, but substantial capital spending and portfolio transactions can create wide differences between reported earnings and underlying cash generation.

What is developing

The June 30, 2026 results showed better quarterly revenue and operating profitability, but the exceptional coatings-disposal gain materially inflated net income while working-capital pressure weakened operating cash flow. This represents improving operations alongside temporarily distorted bottom-line and cash-flow comparisons, not yet a clear change in the underlying financial model.

What matters next

Whether operating cash flow normalizes after the coatings disposal and working-capital drag while capital spending remains near its planned base.

Metric	FY2016 Dec 2016	FY2017 Dec 2017	FY2018 Dec 2018	FY2019 Dec 2019	FY2020 Dec 2020	FY2021 Dec 2021	FY2022 Dec 2022	FY2023 Dec 2023	FY2024 Dec 2024	FY2025 Dec 2025
Revenue	57.6B	61.2B	60.2B	59.3B	59.1B	78.6B	87.3B	68.9B	61.4B	59.7B
Cost of Revenue	(39.3B)	(41.6B)	(42.9B)	(43.1B)	(44B)	(58.8B)	(66.7B)	(52.5B)	(46.5B)	(45.5B)
Gross Profit	18.3B	19.6B	17.3B	16.3B	15.1B	19.8B	20.6B	16.4B	14.9B	14.1B
Operating Expenses	(12B)	(12.2B)	(11.5B)	(12.2B)	(14.6B)	(12.2B)	(14.1B)	(13.3B)	(11.9B)	(11.6B)
Selling, General & Administrative	(9.2B)	(9.5B)	(9.1B)	(9.3B)	(8.8B)	(9.9B)	(11.1B)	(10.2B)	(9B)	(8.9B)
R&D	(1.9B)	(1.8B)	(2B)	(2.2B)	(2.1B)	(2.2B)	(2.3B)	(2.1B)	(2B)	(2B)
Depreciation & Amortization	(337m)	(221m)	(72m)	(426m)	(3B)	(135m)	(409m)	(1.2B)	(767m)	(419m)
Other Operating Expenses	(629m)	(607m)	(300m)	(373m)	(741m)	51m	(269m)	207m	(222m)	(231m)
Operating Income	6.3B	7.4B	5.8B	4B	542m	7.6B	6.5B	3.1B	3B	2.6B
Net Interest Income (Expense)	(558m)	45m	113m	(560m)	(1.2B)	331m	(5.1B)	(925m)	(204m)	528m
Interest Expense	569m	455m	506m	613m	507m	453m	589m	780m	776m	741m
Non-Recurring Items	142m	(181m)	(361m)	127m	(832m)	(321m)	(236m)	(550m)	(748m)	(418m)
Total Other Income	(473m)	(397m)	(366m)	(293m)	(85m)	(162m)	(8m)	(191m)	(158m)	(222m)
Pre-Tax Income	5.4B	6.9B	5.2B	3.3B	(1.6B)	7.4B	1.2B	1.4B	1.9B	2.4B
Tax Provision	(1.1B)	(1.3B)	(1.1B)	(756m)	91m	(1.4B)	(1.6B)	(1B)	(573m)	(907m)
Income from Continuing Operations	4.3B	5.6B	4.1B	2.5B	(1.5B)	6B	(391m)	379m	1.3B	1.5B
Income to Minority Interest	(199m)	(274m)	(272m)	(70m)	15m	(459m)	(236m)	(154m)	(155m)	(107m)
Net Income	4.1B	6.1B	4.7B	8.4B	(1.1B)	5.5B	(627m)	225m	1.3B	1.6B
EPS (Diluted)	4.42	6.61	5.12	9.16	(1.15)	6.01	(0.70)	0.25	1.45	1.81