Givaudan Income Statement

Financials in millions CHF. Fiscal year is January - December.

Millions CHF. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	7,472	7,412	6,915	7,117	6,684
Revenue Growth (YoY)	0.81%	7.19%	-2.84%	6.48%	5.73%
Cost of Revenue	4,220	4,141	4,069	4,355	3,829
Gross Profit	3,252	3,271	2,846	2,762	2,855
Selling, General & Admin	1,236	1,222	1,105	1,112	1,165
Research & Development	551	565	519	522	562
Other Operating Expenses	99	85	108	30	29
Operating Expenses	1,886	1,872	1,732	1,664	1,756
Operating Income	1,366	1,399	1,114	1,098	1,099
Interest Expense	-104	-114	-114	-95	-89
Interest & Investment Income	19	26	8	11	8
Earnings From Equity Investments	6	8	5	11	2
Currency Exchange Gain (Loss)	37	-58	96	96	43
Other Non Operating Income (Expenses)	-22	71	-111	-191	-81
EBT Excluding Unusual Items	1,302	1,332	998	930	982
Merger & Restructuring Charges	-3	-4	-3	-5	-15
Gain (Loss) on Sale of Assets	6	-3	-5	3	-2
Asset Writedown	-	-12	-1	-	-
Pretax Income	1,305	1,313	989	928	965
Income Tax Expense	234	223	96	72	144
Net Income	1,071	1,090	893	856	821
Net Income to Common	1,071	1,090	893	856	821
Net Income Growth	-1.74%	22.06%	4.32%	4.26%	10.50%
Shares Outstanding (Basic)	9	9	9	9	9
Shares Outstanding (Diluted)	9	9	9	9	9
Shares Change (YoY)	0.10%	0.11%	0.03%	-0.41%	-0.01%
EPS (Basic)	116.08	118.17	96.81	92.83	89.03
EPS (Diluted)	115.46	117.63	96.47	92.51	88.37
EPS Growth	-1.85%	21.93%	4.28%	4.69%	10.52%
Free Cash Flow	1,263	1,389	1,158	722	1,102
Free Cash Flow Per Share	136.16	149.89	125.10	78.03	118.61
Dividend Per Share	72.000	70.000	68.000	67.000	66.000
Dividend Growth	2.86%	2.94%	1.49%	1.52%	3.13%
Gross Margin	43.52%	44.13%	41.16%	38.81%	42.71%
Operating Margin	18.28%	18.88%	16.11%	15.43%	16.44%
Profit Margin	14.33%	14.71%	12.91%	12.03%	12.28%
Free Cash Flow Margin	16.90%	18.74%	16.75%	10.14%	16.49%
EBITDA	1,621	1,652	1,364	1,366	1,400
EBITDA Margin	21.69%	22.29%	19.73%	19.19%	20.95%
D&A For EBITDA	255	253	250	268	301
EBIT	1,366	1,399	1,114	1,098	1,099
EBIT Margin	18.28%	18.88%	16.11%	15.43%	16.44%
Effective Tax Rate	17.93%	16.98%	9.71%	7.76%	14.92%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.