Sandoz Group AG Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	10,542	10,357	9,949	9,276	9,619	9,626
Other Revenue	45	27	30	30	59	32
Revenue	10,587	10,384	9,979	9,306	9,678	9,658
Revenue Growth (YoY)	4.71%	4.06%	7.23%	-3.84%	0.21%	-
Cost of Revenue	5,630	5,458	5,415	4,928	5,079	5,199
Gross Profit	4,957	4,926	4,564	4,378	4,599	4,459
Selling, General & Admin	2,379	2,433	2,389	2,127	2,127	2,132
Research & Development	947	932	926	833	911	873
Other Operating Expenses	1,054	1,254	874	179	167	652
Operating Expenses	4,380	4,619	4,189	3,139	3,205	3,657
Operating Income	577	307	375	1,239	1,394	802
Interest Expense	-236	-251	-202	-89	-65	-72
Interest & Investment Income	43	43	31	8	5	3
Currency Exchange Gain (Loss)	-92	-92	-61	-32	-16	-22
Other Non Operating Income (Expenses)	-7	-22	-3	-6	-5	-5
EBT Excluding Unusual Items	285	-15	140	1,120	1,313	706
Other Unusual Items	4	4	-10	-18	-	-
Pretax Income	289	-11	130	1,102	1,313	706
Income Tax Expense	62	-12	50	252	403	242
Earnings From Continuing Operations	227	1	80	850	910	464
Minority Interest in Earnings	-	-1	-3	-2	-2	-2
Net Income	227	-	77	848	908	462
Net Income to Common	227	-	77	848	908	462
Net Income Growth	-	-	-90.92%	-6.61%	96.54%	-
Shares Outstanding (Basic)	431	430	430	430	-	-
Shares Outstanding (Diluted)	436	434	431	430	-	-
Shares Change (YoY)	1.34%	0.65%	0.30%	-	-	-
EPS (Basic)	0.53	-	0.18	1.97	-	-
EPS (Diluted)	0.52	-	0.18	1.97	-	-
EPS Growth	-	-	-90.91%	-	-	-
Free Cash Flow	508	252	-2	945	1,041	872
Free Cash Flow Per Share	1.17	0.58	-0.01	2.20	-	-
Dividend Per Share	0.662	0.662	0.534	-	-	-
Dividend Growth	23.90%	23.90%	-	-	-	-
Gross Margin	46.82%	47.44%	45.74%	47.04%	47.52%	46.17%
Operating Margin	5.45%	2.96%	3.76%	13.31%	14.40%	8.30%
Profit Margin	2.14%	-	0.77%	9.11%	9.38%	4.78%
Free Cash Flow Margin	4.80%	2.43%	-0.02%	10.15%	10.76%	9.03%
EBITDA	1,023	734	794	1,660	1,840	1,450
EBITDA Margin	9.66%	7.07%	7.96%	17.84%	19.01%	15.01%
D&A For EBITDA	446	427	419	421	446	648
EBIT	577	307	375	1,239	1,394	802
EBIT Margin	5.45%	2.96%	3.76%	13.31%	14.40%	8.30%
Effective Tax Rate	21.45%	-	38.46%	22.87%	30.69%	34.28%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.