2025 annual results

Better care for more people

Read Annual Report 2025View all downloads
We delivered for those who count on us and strengthened our foundations. Looking ahead, we are energized by our plan to drive profitable growth to deliver sustainable value.
Roy Jakobs
CEO Royal Philips
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2025 at a glance

Key figures

17.8
billion
EUR
sales
2%
comparable sales growth
12.3%
Adjusted EBITA margin
512
million
EUR
free cash flow
27.9%
circular revenues
2 billion
lives improved
~65,000
employees
78%
employee engagement index
700
new patents filed
View charts and historical results
Our strategy and businesses
Our purpose is to improve people’s health and well-being through meaningful innovation. We see huge opportunities to make a difference through innovation, design, and sustainability – partnering with our healthcare customers to increase productivity and deliver better care for more people, and empowering more people to take care of their health and well-being.
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Philips IGT

Customer and innovation highlights

The innovation that Philips brings to healthcare – often as part of long-term partnerships – is critical, making care delivery more convenient and sustainable.

Philips China Suzhou Manufacturing
Environmental, Social and Governance
At Philips, we are partnering with our stakeholders to drive environmental, social and governance priorities and make a global impact.
Discover moreRead Country Activity & Tax Report

Progress toward our goals

Lives improved

At Philips, we are striving to make the world healthier and more sustainable through innovation, with the goal of improving the lives of 2.5 billion people a year by 2030. This includes improving access to care in underserved communities for 400 million people a year.

To ensure we remain on track to achieve this goal, we have developed a model, audited externally, that tells us how many lives have been improved by our products and solutions in a given year.

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0.00billion
2
2.5
Lives improved
000million
253
400
Lives improved in underserved communities
2E226E4A-9D34-428E-9603-8F2147474F3A
71%100%sales from green products and solutions
77%
7C04B12B-8CA6-4A93-B8DE-DECFF9EDAB7D
16%25%25% sales from products and solutions contributing to circularity
27.9%
B58BD847-4D65-4A26-B2B8-387BFF8C1715
100%75% operations powered by renewable energy
80%
E2C0C3A3-A18F-4561-B6FB-CF881CE7508A
87%95%95% circular materials management 2
95%
124104F3-3131-41A9-B350-DCA9E31AE498
100%100% industrial sites sending zero waste to landfill
100%
15158A4B-4536-4366-A76C-8D8AB0A0B760
1%5%5% reduction in water consumption from 2019 level
8%
All data points refer to 2025
1  Revenue from current green/EcoDesigned products and solutions2  Recycling, reuse and circular materials management of the total used materials
Environmental sustainability targets

Reflecting our commitment to SDG 12 (Sustainable consumption and production) and SDG 13 (Climate action), we had set specific targets to be achieved by 2025. We announced in February 2026 our 2030 Impact Ambitions, which mark a step-up from our previous commitments and underpin the company’s global strategy and purpose to improve people’s health and well-being through meaningful innovation while acting responsibly towards society and the planet.

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Creating value with sustainable impact
Based on the International Integrated Reporting Council framework, we use various resources to create value with sustainable impact for our stakeholders.
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Philips HPM

Charts and historical results

Statement of income
Profitability
Balance sheet
Cash flow
Key figures per share
Ratios
ESG
Tax

Total tax contributions 

in millions of EUR

2023

2024

2025

Total tax contributions3,0513,2633,337

Composition of tax contributions 

in millions of EUR

2023

2024

2025

Corporate income tax paid52186218
Customs duty127131351
Value-added tax737717724
Payroll tax2,0212,1542,001
Other taxes1157644

[maintitle]

in millions of EUR

2023

2024

2025

Net cash provided by operating activities

2,136
1,569
1172

Net capital expenditures

(554)
(663)
(660)

Free cash flow

1,582
906
512

Organic Return on Invested Capital (in %)


%

2023

2024

2025

Philips Group10.3%11.8%12.3%

Return on total assets (in %)


%

2023

2024

2025

Philips Group(0.4)%1.8%5.3%

R&D investment as a % of sales


%

2023

2024

2025

Philips Group10.4%9.7%9.5%

Net debt : group equity ratio

 

2023

2024

2025

Philips Group33:6730:7032:68

Comparable sales growth (in %)


%

2023

2024

2025

Diagnosis & Treatment11.0%1.3%0.1%
Connected Care1.1%2.0%2.8%
Personal Health3.2%(0.7)%8.4%
Philips Group6.0%1.2%2.3%

Sales 

in millions of EUR

2023

2024

2025

Diagnosis & Treatment8,8258,7908,531
Connected Care5,1385,1345,076
Personal Health3,6023,4863,673
Other604611554
Philips Group18,16918,02117,834

Income from operations 

in millions of EUR

2023

2024

2025

Diagnosis & Treatment721592804
Connected Care(1,199)(466)89
Personal Health552544631
Other(190)(142)(100)
Philips Group(115)5291,424

Adjusted EBITA 

in millions of EUR

2023

2024

2025

Diagnosis & Treatment1,0281,018998
Connected Care369494544
Personal Health597584662
Other(73)(18)(9)
Philips Group1,9212,0772,195

Income (loss) from continuing operations 

in millions of EUR

2023

2024

2025

Philips Group(454)(840)901

Net income (loss) 

in millions of EUR

2023

2024

2025

Philips Group(463)(698)897

Income from operations as a % of sales

as a % of sales

2023

2024

2025

Diagnosis & Treatment8.2%6.7%9.4%
Connected Care(23.3)%(9.1)%1.8%
Personal Health15.3%15.6%17.2%
Philips Group(0.6)%2.9%8.0%

Adjusted EBITA as a % of sales

as a % of sales

2023

2024

2025

Diagnosis & Treatment11.6%11.6%11.7%
Connected Care7.2%9.6%10.7%
Personal Health16.6%16.7%18%
Philips Group10.6%11.5%12.3%

Balance sheet 

in millions of EUR

2023

2024

2025

Total assets

29,40628,97626,944

Total liabilities

17,34516,93315,954

Group equity

12,06112,04310,990

Per share information (in EUR)

in EUR

2023

2024

2025

Income from continuing operations attributable to shareholders per common share - diluted

(0.47)(0.88)0.93

Adjusted income from continuing operations attributable to shareholders per common share - diluted

1.191.361.56

Dividend distributed per common share

0.850.850.85

Share price information (in EUR)

in EUR

2023

2024

2025

Share price at year-end

21.09
24.4
23.24

Price/earnings ratio (adjusted EPS)

0.00
17.94
14.90

Market capitalization at year-end (in EUR billions)

in billions of EUR

2023

2024

2025

Philips Group192322

Engagement index (in % of positive score)

% positive score

2023

2024

2025

Philips Group

737878

Female executives (in % of total)

in % of total

2023

2024

2025

Philips Group

253030

Lost Workday Injuries (per 100 FTEs)

per 100 FTEs202320242025
Diagnosis & Treatment0.280.160.17
Connected Care0.130.070.15
Personal Health0.090.080.19
Other0.090.100.10
Philips Group0.120.110.12

Total recordable cases (per 100 FTEs)

202320242025
Diagnosis & Treatment0.430.290.31
Connected Care0.270.190.17
Personal Health0.210.180.24
Other0.180.200.21
Philips Group0.240.210.23

Fatalities

202320242025
Philips Group000

Green Revenues (in EUR millions)

in millions of EUR202320242025
Diagnosis & Treatment7,1127,2997,035
Connected Care2,9243,0473,084
Personal Health2,7233,3433,568
Other52065
Philips Group12,81113,68913,752

Green Revenues (as a % of total sales)

202320242025
Diagnosis & Treatment394139
Connected Care161717
Personal Health151920
Othererrerrerr
Philips Group717677

Green Innovation (in EUR millions)

in millions of EUR202320242025
Diagnosis & Treatment78109115
Connected Care299497
Personal Health336075
Other200
Philips group142263287

Operational carbon footprint for logistics (in tonnes CO2-equivalent)

202320242025
Air freight168,153187,318160,563
Road freight26,39322,00425,899
Sea freight23,55216,49515,925
Parcel freight86,98861,88853,614
Philips Group305,086287,705256,001

Total energy consumption (in MWh)

 202320242025
Total energy consumption457,576464,587450,115

Operational energy efficiency (in MWh per EUR million sales) 

in MWh/million EUR sales20242025
Philips Group25.7825.24

Water withdrawal (in thousands of m3)

in thousands of m3202320242025
Diagnosis & Treatment324333331
Connected Care9988108
Personal Health286252258
Philips Group709673697

Zero waste to landfill (in tonnes)

202320242025
Philips Group2.71.12.4

Materials recirculated (Circular Materials Management) per total waste (in %)

202320242025
Philips Group919495

Hazardous substances emissions (in kilos)

202320242025
Diagnosis & Treatment158162131
Connected Care781708710
Personal Health362345357
Philips Group1,3001,2161,198

VOC emissions (in tonnes)

202320242025
Diagnosis & Treatment343834
Connected Care221
Personal Health382928
Philips Group746963

ISO 14001 certification (as a % of all reporting organizations)

%202320242025
Philips Group96100100
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All holders of Philips securities can receive a hard copy of the complete annual audited financial statements free of charge by submitting a request to annual.report@philips.com