2025 annual results

Better care for more people

Read Annual Report 2025
Roy Jakobs, CEO Royal Philips

"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."

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Key figures

2025 at a glance

Sales
17.8 billion EUR
Group sales

Group sales in 2025 amounted to EUR 17.8 billion.

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Comparable sales growth
2%
Comparable sales growth

Considering a 3% negative currency effect and consolidation impact, comparable sales growth was 2%.

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Adjusted EBITA margin
12.3%
Adjusted EBITA margin

Adjusted EBITA increased to EUR 2,195 million and the margin improved to 12.3%.

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Free cash flow
512 million EUR
Free cash flow

Free cash flow amounted to a cash inflow of EUR 512 million in 2025.

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Circular revenues
27.9%
Circular revenues

Circular revenues is our overarching circularity metric related to products, services and solutions across our Businesses.

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Lives improved
2 billion
Lives improved

In 2025, we improved the lives of 2 billion people, including 253 million people in underserved communities.

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Employees
~65,000
Employees

The total number of Philips employees (in full-time equivalents, excluding third-party workers) was 64,817 at the end of 2025.

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Employee engagement index
78%
Employee engagement index

We observed a positive trend, averaging at 78% for the year.

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New patents filed
700
New patents filed

Philips filed 700 new patents in 2025, with a strong focus on the growth areas in health technology services and solutions.

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Strategy

Improving people’s health and well-being through meaningful innovation

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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Highlights

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

Introducing: latest innovations in helium-free 3.0T MRI

2 minutes
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ECG AI Marketplace, a central location for AI-powered diagnostic tools

2 minutes
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Expanding access to care in Indonesia through long-term partnership

3 minutes
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Now in the US: Lumea, the Intense Pulsed Light hair removal brand

3 minutes
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27.9% of sales from circular products and solutions, exceeding 25% target

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Highest-ranked medtech company among Clarivate Top 100 Global Innovators

2 minutes
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Our Impact Ambitions

Driving equitable and sustainable healthcare

At Philips, we are partnering with our stakeholders to drive environmental, social and governance priorities and make a global impact.

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Purpose

In 2025, we improved the lives of 2 billion people

We aim to improve the lives of 2.5 billion people a year by 2030, including 400 million medically underserved individuals.

To ensure we remain on track to achieve our goals, 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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Tax

Supporting the communities in which we operate

We consider our tax payments as a significant contribution to the communities in which we operate, and an integral part of our social value creation.

Read CAT Report 2025
Value creation

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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Charts and historical results

Downloads

2025 annual results

Annual Report downloads

Annual Report 2025 (PDF)
35 MB
XBRL package
38 MB

Other downloads

Country Activity and Tax Report
9 MB
List of consolidated entities
70 KB
Remuneration report 2025
155 KB

20-F downloads

Form 20-F
26 MB
XBRL package
26 MB

Q4 2025 & FY results

Q4 & FY 2025 report
854 KB
Q4 & FY 2025 results presentation
1 MB
Q4 & FY 2025 webcast
Q4 & FY 2025 webcast transcript
169 KB