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BASF Group Releases Preliminary Figures for Q2 2026

Based on Q2 results, BASF also increased its Full-Year 2025 outlook.

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By: Rachel Klemovitch

Assistant Editor

BASF has released preliminary figures for the second quarter of 2026. 

Sales increased by 16% in the second quarter of 2026 to €17.2 billion (Q2 2025: €14.8 billion). Compared with the prior-year quarter, growth was driven by higher prices (+11%) and higher volumes (+7%); currency effects (-1%) and portfolio effects (-1%) had an offsetting impact.

EBITDA amounted to an expected €2.0 billion in the second quarter of 2026, which was considerably above the figure for the prior-year period (Q2 2025: €1.3 billion). Special items in EBITDA primarily resulted from transformation costs that were mainly incurred as part of the cost savings programs currently being driven forward, as well as the introduction of new ERP systems.

Net income reached an expected €4.1 billion, far exceeding the figure in the prior-year quarter (Q2 2025: €79 million). This was mainly due to the disposal gain in the amount of €3.9 billion before taxes from the coatings transaction with Carlyle, which was closed on June 30, 2026. The expected tax expense associated with the transaction is a mid-triple-digit million-euro amount.

Full-Year 2026 Outlook

In light of the better-than-expected business development, BASF is increasing its full-year 2026 outlook for EBITDA before special items. BASF anticipates EBITDA before special items of between €6.9 billion and €7.7 billion in 2026 (previously: €6.2 billion to €7.0 billion; analyst consensus 2026: €7.3 billion; full year 2025: €6.6 billion).

The forecasted earnings range remains unchanged due to the continuing geopolitical uncertainties. For free cash flow, BASF continues to expect a figure of between €1.5 billion and €2.3 billion in 2026 (average analyst estimates for 2026: €2.3 billion; full year 2025: €1.3 billion); this is due, among other reasons, to higher capital tied up as a result of higher raw material prices.

The overview of analyst estimates, which is compiled monthly by Vara Research on behalf of BASF, can be found at: www.basf.com/analysts-estimates.

BASF will publish its Half-Year Financial Report 2026 on Wednesday, July 29, 2026, at 7:00 a.m. CEST and will comment on the figures in a conference call for analysts and investors (from 8:30 a.m. CEST) and a press conference for journalists (from 10:30 a.m. CEST).

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