Siemens AG reported record financial results for fiscal year 2025, marking the third consecutive year of record net income. The company also achieved mid-single-digit growth in both orders and revenue.
Roland Busch, President and Chief Executive Officer of Siemens AG, stated: "Fiscal 2025 was a milestone for Siemens: For the third consecutive year, we achieved a record in net income, with growth in orders and revenue at a mid-single-digit rate. With our ONE Tech Company program, we are laying the foundation for even stronger customer focus, faster innovations and higher profitable growth. Through our acquisition of Altair and Dotmatics, we are expanding our leadership in software and artificial intelligence. At the same time, with the planned deconsolidation of Siemens Healthineers, we are entering the next stage of growth by elevating a highly synergistic core portfolio to a new level."
Ralf P. Thomas, Chief Financial Officer of Siemens AG, commented on cash flow performance: "Since cash generation is the ultimate yardstick for business performance, I’m extremely pleased that our fourth-quarter and fiscal- 2025 results broke records for Free cash flow. Profitable growth and stringent portfolio management form the basis of our success. Our shareholders benefit directly from an increased dividend proposal and a successful, accelerated share-buyback program. We enter fiscal 2026 strengthened with an ambitious outlook."
The full earnings release can be accessed on Siemens' investor relations website at www.siemens.com/ir.
Looking ahead to fiscal 2026, Siemens expects global economic conditions to stabilize with GDP growth remaining close to last year's level. However, negative currency effects are projected to significantly impact nominal growth rates in both volume and profit across industrial businesses as well as earnings per share (EPS).
For its main business units:
- Digital Industries forecasts comparable revenue growth between 5% and 10%, with a profit margin ranging from 15% to 19%.
- Smart Infrastructure anticipates comparable revenue growth between 6% and 9%, targeting a profit margin of 18% to 19%.
- Mobility projects comparable revenue growth between 8% and 10%, aiming for a profit margin between 8% and 10%.
At the group level, Siemens expects comparable revenue growth between 6% and 8%, along with a book-to-bill ratio above one for fiscal year 2026. The anticipated basic EPS from net income before purchase price allocation accounting (EPS pre PPA) is expected to range from €10.40 to €11.00. This outlook does not include potential impacts from legal or regulatory matters.
A press event titled "Siemens ONE Tech – Strategy and Results 2025" will further detail these developments.