BASF released its quarterly statement for the third quarter of 2025 on October 29, 2025. The company reported that earnings came in slightly above market expectations, despite operating in a challenging environment with cautious customer spending across most industries and regions.

During Q3, 2025, sales declined 3% to €15.2 billion (pro forma), compared to €15.7 billion a year ago, primarily due to negative currency effects and lower prices. This was partially offset by higher sales volumes in some divisions.

Net income fell to €172 million, down from €287 million in Q3 2024. The previous year's figure included a one-off gain from the sale of Wintershall Dea assets.

“Customer buying behavior in almost all industries and regions remained cautious. Even in this demanding market environment, BASF’s earnings came in slightly above market expectations and only slightly below the level of the prior-year quarter,” said Dr. Markus Kamieth, Chairman of the Board of Executive Directors of BASF, when presenting the third-quarter figures together with Chief Financial Officer Dr. Dirk Elvermann.

At €1.5 billion, BASF Group’s EBITDA before special items, including the discontinued coatings business, was down slightly by €78 million compared with the same quarter of the previous year.

BASF confirmed its adjusted EBITDA guidance for 2025, which is projected to be between €6.7 billion and €7.1 billion. The free cash flow forecast remains unchanged at €0.4 billion to €0.8 billion.