Solvay 2025 Q4 and Annual Financial Results
- 2025 net sales were €4.3B, down 6.5% organically from 2024.
- EBITDA was €881M, maintaining a 20.7% margin.
- Free Cash Flow reached €350M, with Capex at €292M.
- CO2eq emissions reduced by 29% from 2021, nearing 2030 target.
Financial Performance
In 2025, Solvay reported underlying net sales of €4.3 billion, a 6.5% organic decline from 2024. Despite challenges, the company maintained a strong underlying EBITDA of €881 million, reflecting a 20.7% margin. Free Cash Flow was robust at €350 million, with capital expenditures contained to €292 million.
Market Dynamics
The soda ash seaborne and Coatis markets experienced weakness, while Peroxides and bicarbonate showed year-on-year growth. Strategic transformation efforts yielded €101 million in structural cost savings for the year, although transformation expenses impacted EBITDA by €27 million and Free Cash Flow by €71 million.
Profitability and Debt
Underlying net profit from continuing operations was €306 million, down from €445 million in 2024. Net debt remained stable at €1.6 billion, resulting in a leverage ratio of 1.8x. A total gross dividend of €2.43 per share has been proposed, pending shareholder approval.
Sustainability and Outlook
Solvay's sustainability roadmap is on track, with a 29% reduction in Scope 1&2 CO2eq emissions compared to 2021, approaching the 2030 target. For 2026, Solvay anticipates underlying EBITDA between €770 million and €850 million, with Free Cash Flow expected to be at least €200 million, net of transformation expenses.
Source: Solvay