Investors
Segment Data and Regional Results
Half-Year Financial Report 2026
Segment Data
Segment data — Chemicals
| Q2 | H1 | |||||
| Million € | 2026 | 2025 | +/- | 2026 | 2025 | +/- |
| Sales to third parties | 3,595 | 2,502 | 43.7% | 6,257 | 5,279 | 18.5% |
|
of which Petrochemicals |
2,862 | 1,857 | 54.2% | 4,918 | 3,941 | 24.8% |
|
Intermediates |
733 | 645 | 13.6% | 1,339 | 1,337 | 0.1% |
| EBITDA before special items | 377 | 209 | 80.3% | 610 | 545 | 12.0% |
| Special items in EBITDA | -16 | -37 | 56.5% | -30 | -39 | 22.1% |
| EBITDA | 361 | 172 | 109.9% | 580 | 506 | 14.6% |
| EBITDA margin before special items (%) | 10.5 | 8.4 | . | 9.8 | 10.3 | . |
|
Depreciation and amortizationa |
310 | 220 | 41.1% | 595 | 438 | 35.8% |
| EBIT before special items | 67 | -4 | . | 16 | 115 | -86.3% |
| Special items in EBIT | -17 | -44 | 62.5% | -31 | -47 | 35.2% |
| Income from operations (EBIT) | 50 | -48 | . | -15 | 68 | . |
| Investments including acquisitionsb | 409 | 519 | -21.2% | 729 | 972 | -25.1% |
| Segment cash flow | -356 | -176 | -101.9% | -848 | -567 | -49.8% |
| Assets (June 30) | 15,957 | 13,890 | 14.9% | 15,957 | 13,890 | 14.9% |
| Research and development expenses | 21 | 21 | -0.3% | 41 | 41 | -1.6% |
a Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)
b Additions to property, plant and equipment and intangible assets
Segment data — Materials
| Q2 | H1 | |||||||
| Million € | 2026 | 2025 | +/- | 2026 | 2025 | +/- | ||
| Sales to third parties | 3,790 | 3,240 | 17.0% | 7,028 | 6,690 | 5.1% | ||
|
of which Performance Materials |
1,748 | 1,675 | 4.4% | 3,311 | 3,413 | -3.0% | ||
|
Monomers |
2,042 | 1,566 | 30.4% | 3,718 | 3,277 | 13.5% | ||
| EBITDA before special items | 792 | 408 | 93.9% | 1,303 | 877 | 48.5% | ||
| Special items in EBITDA | -17 | -22 | 24.8% | -32 | -32 | 2.7% | ||
| EBITDA | 775 | 386 | 100.7% | 1,271 | 845 | 50.4% | ||
| EBITDA margin before special items (%) | 20.9 | 12.6 | . | 18.5 | 13.1 | . | ||
|
Depreciation and amortizationa |
189 | 225 | -15.8% | 375 | 435 | -13.9% | ||
| EBIT before special items | 603 | 184 | 227.7% | 928 | 444 | 108.9% | ||
| Special items in EBIT | -17 | -22 | 25.2% | -32 | -35 | 8.8% | ||
| Income from operations (EBIT) | 586 | 161 | 262.9% | 897 | 410 | 118.8% | ||
| Investments including acquisitionsb | 178 | 200 | -11.1% | 302 | 335 | -9.9% | ||
| Segment cash flow | 26 | 256 | -89.7% | 30 | 300 | -90.0% | ||
| Assets (June 30) | 10,422 | 9,770 | 6.7% | 10,422 | 9,770 | 6.7% | ||
| Research and development expenses | 44 | 47 | -5.2% | 86 | 91 | -5.6% | ||
a Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)
b Additions to intangible assets and property, plant and equipment
Segment data — Industrial Solutions
| Q2 | H1 | |||||||
| Million € | 2026 | 2025 | +/- | 2026 | 2025 | +/- | ||
| Sales to third parties | 2,328 | 2,160 | 7.8% | 4,420 | 4,428 | -0.2% | ||
|
of which Dispersions & Resins |
1,374 | 1,240 | 10.8% | 2,572 | 2,549 | 0.9% | ||
|
Performance Chemicals |
954 | 920 | 3.7% | 1,848 | 1,880 | -1.7% | ||
| EBITDA before special items | 434 | 307 | 41.5% | 795 | 668 | 19.1% | ||
| Special items in EBITDA | -44 | -8 | -422.3% | -55 | -14 | -279.1% | ||
| EBITDA | 390 | 298 | 30.7% | 740 | 653 | 13.3% | ||
| EBITDA margin before special items (%) | 18.6 | 14.2 | . | 18.0 | 15.1 | . | ||
|
Depreciation and amortizationa |
148 | 108 | 36.3% | 243 | 213 | 14.2% | ||
| EBIT before special items | 331 | 198 | 67.2% | 597 | 455 | 31.4% | ||
| Special items in EBIT | -89 | -9 | -951.6% | -101 | -15 | -590.2% | ||
| Income from operations (EBIT) | 242 | 190 | 27.5% | 497 | 440 | 12.9% | ||
| Investments including acquisitionsb | 74 | 77 | -3.1% | 144 | 145 | -1.1% | ||
| Segment cash flow | -56 | 224 | . | 46 | 366 | -87.5% | ||
| Assets (June 30) | 7,192 | 6,952 | 3.4% | 7,192 | 6,952 | 3.4% | ||
| Research and development expenses | 45 | 48 | -6.7% | 86 | 94 | -8.7% | ||
a Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)
b Additions to intangible assets and property, plant and equipment
Segment data — Nutrition & Care
| Q2 | H1 | |||||||
| Million € | 2026 | 2025 | +/- | 2026 | 2025 | +/- | ||
| Sales to third parties |
1,709 |
1,618 |
5.7% |
3,378 |
3,337 |
1.2% |
||
|
of which Care Chemicals |
1,232 |
1,190 |
3.6% |
2,455 |
2,468 |
-0.5% |
||
|
Nutrition & Health |
477 |
428 |
11.4% |
923 |
869 |
6.2% |
||
| EBITDA before special items |
204 |
196 |
4.2% |
396 |
425 |
-6.9% |
||
| Special items in EBITDA |
-9 |
-7 |
-16.0% |
-17 |
-11 |
-56.4% |
||
| EBITDA |
195 |
188 |
3.8% |
379 |
415 |
-8.6% |
||
| EBITDA margin before special items (%) |
11.9 |
12.1 |
. |
11.7 |
12.7 |
. |
||
|
Depreciation and amortizationa |
144 |
137 |
4.7% |
282 |
262 |
7.6% |
||
| EBIT before special items |
60 |
66 |
-8.1% |
115 |
172 |
-33.3% |
||
| Special items in EBIT |
-9 |
-15 |
40.7% |
-18 |
-19 |
8.3% |
||
| Income from operations (EBIT) |
52 |
51 |
1.3% |
97 |
153 |
-36.4% |
||
| Investments including acquisitionsb |
81 |
157 |
-48.4% |
169 |
308 |
-44.9% |
||
| Segment cash flow |
2 |
-27 |
. |
-58 |
-130 |
54.9% |
||
| Assets (June 30) |
8,028 |
7,875 |
2.0% |
8,028 |
7,875 |
2.0% |
||
| Research and development expenses |
30 |
35 |
-15.3% |
59 |
69 |
-14.3% |
||
a Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)
b Additions to property, plant and equipment and intangible assets
Segment data — Surface Technologiesa
| Q2 | H1 | |||||||
| Million € | 2026 | 2025 | +/- | 2026 | 2025 | +/- | ||
| Sales to third parties |
2,625 |
2,355 |
11.5% |
5,031 |
4,544 |
10.7% |
||
|
of which Battery Materials |
174 |
169 |
3.0% |
309 |
290 |
6.4% |
||
|
ECMS |
2,451 |
2,068 |
18.5% |
4,722 |
4,026 |
17.3% |
||
|
Coatingsb |
– |
119 |
-100.0% |
– |
227 |
-100.0% |
||
| EBITDA before special items |
115 |
172 |
-33.0% |
391 |
342 |
14.2% |
||
| Special items in EBITDA |
-14 |
-35 |
61.4% |
-17 |
-45 |
63.0% |
||
| EBITDA |
102 |
137 |
-25.7% |
374 |
297 |
25.8% |
||
| EBITDA margin before special items (%) |
4.4 |
7.3 |
. |
7.8 |
7.5 |
. |
||
|
Depreciation and amortizationc |
50 |
56 |
-11.4% |
102 |
113 |
-10.3% |
||
| EBIT before special items |
68 |
119 |
-42.6% |
293 |
232 |
26.1% |
||
| Special items in EBIT |
-16 |
-38 |
57.1% |
-21 |
-48 |
57.1% |
||
| Income from operations (EBIT) |
52 |
81 |
-35.7% |
272 |
184 |
48.0% |
||
| Investments including acquisitionsd |
23 |
30 |
-21.9% |
44 |
51 |
-12.8% |
||
| Segment cash flow |
-28 |
63 |
. |
120 |
62 |
94.3% |
||
| Assets (June 30) |
6,405 |
5,851 |
9.5% |
6,405 |
5,851 |
9.5% |
||
| Research and development expenses |
33 |
40 |
-17.9% |
68 |
82 |
-16.6% |
||
a Owing to the sale of the automotive OEM coatings, automotive refinish coatings and surface treatment businesses to Carlyle, the affected business units were reported as a discontinued operation in accordance with IFRS 5 until the closing of the transaction on June 30, 2026. The previous year’s values have been restated accordingly, even if no retrospective adjustment was made in the balance sheet.
b The figures of the Coatings division refer exclusively to the decorative paints business unit, which was sold as of October 1, 2025.
c Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments) excluding depreciation and amortization or reversals of impairments attributable to the discontinued Coatings business
d Additions to intangible assets and property, plant and equipment, excluding additions attributable to the discontinued coatings business; prior-year figures have been restated
Segment data — Agricultural Solutions
| Q2 | H1 | |||||||
| Million € | 2026 | 2025 | +/- | 2026 | 2025 | +/- | ||
| Sales to third parties |
2,210 |
2,198 |
0.6% |
5,315 |
5,401 |
-1.6% |
||
|
of which Fungicides |
652 | 643 | 1.3% | 1,598 | 1,520 | 5.1% | ||
|
Herbicides |
836 | 866 | -3.5% | 1,707 | 1,769 | -3.5% | ||
|
Insecticides |
250 | 259 | -3.5% | 515 | 543 | -5.3% | ||
|
Seed Treatment |
144 | 111 | 29.1% | 271 | 257 | 5.5% | ||
|
Seeds & Traits |
329 | 319 | 3.2% | 1,224 | 1,312 | -6.7% | ||
| EBITDA before special items |
448 |
417 |
7.5% |
1,550 |
1,621 |
-4.4% |
||
| Special items in EBITDA |
-33 |
-64 |
48.1% |
-57 |
-79 |
27.5% |
||
| EBITDA |
415 |
353 |
17.5% |
1,493 |
1,542 |
-3.2% |
||
| EBITDA margin before special items (%) |
20.3 |
19.0 |
. |
29.2 |
30.0 |
. |
||
|
Depreciation and amortizationa |
140 |
144 |
-3.3% |
274 |
303 |
-9.5% |
||
| EBIT before special items |
309 |
272 |
13.4% |
1,277 |
1,320 |
-3.2% |
||
| Special items in EBIT |
-34 |
-64 |
46.9% |
-59 |
-80 |
26.8% |
||
| Income from operations (EBIT) |
275 |
209 |
31.9% |
1,219 |
1,240 |
-1.7% |
||
| Investments including acquisitionsb |
66 |
70 |
-4.8% |
257 |
141 |
81.9% |
||
| Segment cash flow |
881 |
811 |
8.5% |
-279 |
-166 |
-68.0% |
||
| Assets (June 30) |
16,361 |
15,834 |
3.3% |
16,361 |
15,834 |
3.3% |
||
| Research and development expenses |
253 |
232 |
9.0% |
477 |
452 |
5.4% |
||
a Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)
b Additions to property, plant and equipment and intangible assets
Financial data — Othera
| Q2 | H1 | |||||||
| Million € | 2026 | 2025 | +/- | 2026 | 2025 | +/- | ||
| Sales to third parties |
948 |
715 |
32.6% |
1,797 |
1,618 |
11.1% |
||
| EBITDA before special items |
80 |
-114 |
. |
-239 |
-388 |
38.4% |
||
|
of which costs for cross-divisional corporate research |
-35 |
-37 |
4.2% |
-66 |
-74 |
10.4% |
||
|
costs of corporate headquarters |
-65 |
-60 |
-7.6% |
-123 |
-119 |
-3.4% |
||
|
other businesses |
59 |
64 |
-8.8% |
114 |
90 |
26.7% |
||
|
miscellaneous income and expenses |
121 |
-81 |
. |
-164 |
-285 |
42.6% |
||
| Special items in EBITDA |
-352 |
-98 |
-258.0% |
-446 |
-478 |
6.7% |
||
| EBITDA |
-272 |
-212 |
-28.3% |
-685 |
-866 |
20.9% |
||
| Depreciation and amortizationb |
48 |
36 |
32.0% |
83 |
74 |
12.8% |
||
| EBIT before special items |
40 |
-150 |
. |
-314 |
-461 |
32.0% |
||
| Special items in EBIT |
-360 |
-99 |
-265.3% |
-455 |
-479 |
5.0% |
||
| Income from operations (EBIT) |
-320 |
-248 |
-28.8% |
-768 |
-940 |
18.2% |
||
| Investments including acquisitionsc |
25 |
30 |
-18.2% |
50 |
64 |
-22.6% |
||
| Assets (June 30)d |
19,502 |
17,496 |
11.5% |
19,502 |
17,496 |
11.5% |
||
| Research and development expenses |
47 |
57 |
-17.9% |
92 |
129 |
-28.2% |
||
a The prior-year figures have been restated due to the divestiture of the automotive OEM coatings, automotive refinish coatings and surface treatment business units.
b Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments)
c Additions to intangible assets and property, plant and equipment
d Includes assets of businesses recognized under Other and reconciliation to assets of the BASF Group
Regionsa
| Million € | Sales by location of company |
Sales by location of customer |
||||
| Q2 | 2026 | 2025 | +/- | 2026 | 2025 | +/- |
| Europe | 7,241 | 6,138 | 18.0% | 6,870 | 5,839 | 17.7% |
|
of which Germany |
2,995 | 2,529 | 18.4% | 1,711 | 1,489 | 14.9% |
| North America | 4,467 | 3,982 | 12.2% | 4,254 | 3,857 | 10.3% |
| Asia Pacific | 4,609 | 3,801 | 21.3% | 4,746 | 3,856 | 23.1% |
|
of which Greater China |
2,811 | 2,094 | 34.3% | 2,770 | 2,102 | 31.8% |
| South America, Africa, Middle East | 889 | 867 | 2.5% | 1,336 | 1,237 | 8.0% |
| BASF Group | 17,206 | 14,788 | 16.4% | 17,206 | 14,788 | 16.4% |
| Million € | Sales by location of company |
Sales by location of customer |
||||
| H1 | 2026 | 2025 | +/- | 2026 | 2025 | +/- |
| Europe | 14,125 | 13,231 | 6.8% | 13,512 | 12,637 | 6.9% |
|
of which Germany |
5,589 | 5,311 | 5.2% | 3,254 | 3,167 | 2.7% |
| North America | 8,851 | 8,850 | 0.0% | 8,532 | 8,563 | -0.4% |
| Asia Pacific | 8,626 | 7,493 | 15.1% | 8,809 | 7,604 | 15.8% |
|
of which Greater China |
5,339 | 4,189 | 27.5% | 5,257 | 4,153 | 26.6% |
| South America, Africa, Middle East | 1,624 | 1,722 | -5.7% | 2,373 | 2,493 | -4.8% |
| BASF Group | 33,226 | 31,297 | 6.2% | 33,226 | 31,297 | 6.2% |