巴斯夫(ADR) 2024年度报告

Published on October 29, 2025 Q3BASF Group25Quarterly Statement Contents Further information can be foundon our corporate website: »BASF Reporting »You can find more information in this quarterlystatement or online. Owing to the planned divestiture of the OEM automotive coatings, automotive refinish coatings andsurface treatment business units to Carlyle, BASF Group’s sales and earnings have been restated.This Quarterly Statement presents the pro forma figures, including discontinued operations, as well asthe restated figures in accordance with IFRS 5, excluding discontinued operations. The sales andearnings of the decorative paints business sold to Sherwin-Williams are contained in the figures of theBASF Group until September 30, 2025. This transaction closed as of October 1, 2025. »For more information on Significant Events, see page 7 onward in this Quarterly Statement. Q3 2025 — at a glancePro forma, including discontinued operations €15.2billionSalesQ3 2024: €15.7 billion €0.4billionFree cash flowQ3 2024: €0.6 billion €1.5billionEBITDA before special itemsQ3 2024: €1.6 billion EBITDA before special items by segmentaand Other Outlookbfor the 2025 business year bOutlook as of June 30, 2025, including discontinued operations; for more information on the Outlook, seepage 14 onward of this Quarterly Statement 16.7–17.7million metric tonsCO2emissions €7.3–€7.7billionEBITDA before special items €0.4–€0.8billionFree cash flow Q3 2025 — at a glanceRestated figures, excluding discontinued operations €14.3billionSalesQ3 2024: €14.8 billion €0.4billionFree cash flowQ3 2024: €0.6 billion €1.4 billionEBITDA before special itemsQ3 2024: €1.5 billion EBITDA before special items by segmentaand Other Technically adjusted Outlookbfor the 2025 business year bFor more information on the Outlook, see page 14 onward of this Quarterly Statement 16.7–17.7million metric tonsCO2emissionsunchanged €6.7–€7.1billionEBITDA before special items €0.4–€0.8billionFree cash flowunchanged Key Figures – Q3 BASF Group Key Figures – January–September BASF Group Business Review BASF Group Significant Events On July 1, 2025, BASF completed the purchase of the 49 percent stake held by DOMOChemicals GmbH, Leuna, Germany, in the Alsachimie S.A.S. joint venture, Chalampé, France, which hadbeen announced on May 28, 2025. BASF had held 51 percent of the joint venture prior to the transaction.Full ownership of Alsachimie enables BASF to optimize backward integration of key raw materials,ensuring supply reliability and efficiency across the polyamide 6.6 value chain. In accordance with the Supervisory Board’s resolution of July 24, 2025, the appointments of Dr. DirkElvermann and Dr. Stephan Kothrade as members of the Board of Executive Directors were extended.Dirk Elvermann’s contract was extended by five years until the conclusion of the Annual Shareholders’Meeting in 2031 and the appointment of Stephan Kothrade was extended for two years until the end ofthe Annual Shareholders’ Meeting in 2028. On September 30, 2025, BASF successfully completed the sale of the Food and Health PerformanceIngredients business to Louis Dreyfus Company (LDC), Rotterdam, Netherlands. This transactionincluded a production site in Illertissen, Germany, three application laboratories outside of Germany andaround 300 employees. Most of the transferred business activities were part of the Nutrition & Healthdivision and include Food Performance Ingredients, Health Ingredients and several smaller product lines.The parties have agreed not to disclose financial details of the transaction. Events after September 30, 2025 (events after the reporting period) After approval by the responsible competition authority, BASF completed the sale of its Braziliandecorative paints business to Sherwin-Williams, Cleveland, Ohio, on October 1, 2025. On a cash anddebt-free basis, the purchase price amounted to $1.15 billion (approximately €980 million). Thetransaction included the production sites in Demarchi and Jaboatão, related contracts, the Suvinil andGlasu! brands, and the transfer of approximately 1,000 employees. The decorative paints business,which was part of the Coatings division, generated sales of around €485 million in 2024 and operatedalmost exclusively in Brazil. On October 10, 2025, BASF and Carlyle, Washington D.C., entered into a binding transaction agreementrelating to BASF’s automotive OEM coatings, automotive refinish coatings and surface treatmentbusiness units (“Coatings”). The enterprise value of the transaction amounts to €7.7 billion. Subject toapproval from the relevant regulatory bodies, the transaction is expected to close in the second quarterof 2026. Upon closing, BASF will receive pre-tax cash proceeds of approximately €5.8 billion as well as a40% equity stake in the new coatings entity, which it will report as a financial investment accounted forusing the equity method. Coatings generated sales of approximately €3.8 billi