Sandoz Group AG Income Statement

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

Millions USD. 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
Operating Revenue	11,086	10,357	9,949	9,276	9,619
Other Revenue	71	27	30	30	59
Revenue	11,157	10,384	9,979	9,306	9,678
Revenue Growth (YoY)	7.44%	4.06%	7.23%	-3.84%	0.21%
Cost of Revenue	5,857	5,450	5,415	4,928	5,079
Gross Profit	5,300	4,934	4,564	4,378	4,599
Selling, General & Admin	2,529	2,433	2,389	2,127	2,127
Research & Development	1,048	933	926	833	911
Other Operating Expenses	278	1,275	874	179	167
Operating Expenses	3,855	4,641	4,189	3,139	3,205
Operating Income	1,445	293	375	1,239	1,394
Interest Expense	-220	-251	-202	-89	-65
Interest & Investment Income	47	43	31	8	5
Currency Exchange Gain (Loss)	10	-92	-61	-32	-16
Other Non Operating Income (Expenses)	-43	-22	-3	-6	-5
EBT Excluding Unusual Items	1,239	-29	140	1,120	1,313
Asset Writedown	-18	-7	-	-	-
Other Unusual Items	-14	25	-10	-18	-
Pretax Income	1,207	-11	130	1,102	1,313
Income Tax Expense	293	-12	50	252	403
Earnings From Continuing Operations	914	1	80	850	910
Minority Interest in Earnings	-	-1	-3	-2	-2
Net Income	914	-	77	848	908
Net Income to Common	914	-	77	848	908
Net Income Growth	-	-	-90.92%	-6.61%	96.54%
Shares Outstanding (Basic)	432	430	430	430	-
Shares Outstanding (Diluted)	437	434	431	430	-
Shares Change (YoY)	0.65%	0.65%	0.30%	-	-
EPS (Basic)	2.12	-	0.18	1.97	-
EPS (Diluted)	2.09	-	0.18	1.97	-
EPS Growth	-	-	-90.91%	-	-
Free Cash Flow	1,101	252	-2	945	1,041
Free Cash Flow Per Share	2.52	0.58	-0.01	2.20	-
Dividend Per Share	1.009	0.662	0.534	-	-
Dividend Growth	52.37%	23.90%	-	-	-
Gross Margin	47.50%	47.52%	45.74%	47.04%	47.52%
Operating Margin	12.95%	2.82%	3.76%	13.31%	14.40%
Profit Margin	8.19%	-	0.77%	9.11%	9.38%
Free Cash Flow Margin	9.87%	2.43%	-0.02%	10.15%	10.76%
EBITDA	1,892	720	794	1,660	1,840
EBITDA Margin	16.96%	6.93%	7.96%	17.84%	19.01%
D&A For EBITDA	447	427	419	421	446
EBIT	1,445	293	375	1,239	1,394
EBIT Margin	12.95%	2.82%	3.76%	13.31%	14.40%
Effective Tax Rate	24.27%	-	38.46%	22.87%	30.69%

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