Air Liquide has reported first-half 2025 revenues of €13.72bn, reflecting a 1.8% increase on a comparable basis and a 2.6% rise on a reported basis. The company posted a net profit of €1.8bn, a 7.2% increase compared to the same period last year.
The group’s operating margin stood at 19.9%, reflecting a 100 basis point improvement on a comparable basis, excluding the impacts of energy prices. Operating income recurring amounted to €2.74bn, representing a 5.2% increase on a reported basis and a 7.2% rise on a comparable basis.
François Jackow, CEO of Air Liquide, said, “Quarter after quarter, Air Liquide stays the course and continues to achieve a very solid financial performance. We recorded an increase in sales … and our operating margin continues to improve, perfectly in line with our ambition for a +200 basis point increase over two years.”
He added, “In addition, our investment backlog achieved a new record high. In a market environment that remains uncertain, the Group relies more than ever on diversified growth engines, particularly in the electronics and energy transition sectors.”
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