BASF SE Reports Non-GAAP EPS of €0.52 and Revenue of €15.23 Billion; Revises Full-Year Forecast

Written by Emily J. Thompson, Senior Investment Analyst

Source: SeekingAlpha

Updated: Oct 29 2025

0mins

Source: SeekingAlpha

Q3 Financial Performance: BASF SE reported a Q3 Non-GAAP EPS of €0.52 and pro forma revenue of €15.23 billion, reflecting a 2.8% year-over-year increase. However, EBITDA before special items decreased to €1.5 billion from €1.6 billion in Q3 2024.
Cash Flow Decline: Cash flows from operating activities totaled €1.4 billion, down €681 million from the previous year, while free cash flow decreased by €171 million to €398 million in Q3 2025.
Revised Full-Year Forecasts: BASF adjusted its full-year 2025 forecasts, projecting EBITDA before special items between €6.7 billion and €7.1 billion, and free cash flow between €0.4 billion and €0.8 billion, down from previous estimates.
Coatings Unit Sale: BASF is nearing an $8.2 billion deal to sell its coatings unit to Carlyle, amidst a downgrade to "Sell" by Berenberg, indicating potential further cuts to consensus earnings estimates.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.