Solvay reports 9 per cent fall in net sales

24 February 2026

Chemical group Solvay reported net sales of 4.262 billion euros last year, down from 4.686 billion in 2024, the company said on Tuesday. It forecasts a further decline in its EBITDA (earnings before interest, taxes, depreciation and amortisation) in 2026, mainly due to transformation expenses.

In the fourth quarter, revenue fell by 12.3 per cent compared to the same period in 2024, to 995 million, reflecting the impact of exchange rates, volumes and prices. The Brussels-based company's results are in line with analysts’ expectations.

“In 2025, we delivered a strong performance in terms of free cash flow and retained our attractive EBITDA margin, at the same time as advancing the strategic and sustainability commitments that are reshaping Solvay for the long term, despite persistent market softness and continued geopolitical uncertainty,” said CEO Philippe Kehren.

"In the short term, transformation expenses are impacting our performance, but they are necessary in our journey to build the Solvay of the future"

Over the full year, the export markets for soda ash was weaker, while peroxides and bicarbonate grew. Underlying EBITDA stood at 881 million euros, down 16.3 per cent, while net income amounted to 306 million, a fall of 31.3 per cent.

For 2026, Solvay forecasts underlying EBITDA of between 770 million and 850 million euros, taking into account 40 million euros in transformation expenses.

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The group expects geopolitical and macroeconomic tensions to continue, which will continue to weigh on end-market demand. Competitive pressure on prices is also expected to remain in certain product lines.

The company also estimates that it will achieve cumulative structural savings of 300 million by the end of the year, following 211 million in 2025.

“In the short term, transformation expenses are impacting our performance, but they are necessary in our journey to build the Solvay of the future,” Kehren said.

^{Solvay CEO Philippe Kehren during an economic mission to Brazil, November 2024 © BELGA PHOTO DIRK WAEM}

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