Interim report
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Quarterly Statement Q3 2026 Published on October 28, 2026 26Q3
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Further information can be found on our corporate website: » BASF Reporting BASF Quarterly Statement Q3 2026 Contents 2 Key Figures at a Glance 3 At a Glance 3 Key figures 4 Business Review 5 BASF Group 5 Significant Events 5 Results of Operations 6 Net Assets 8 Financial Position 8 Outlook 11 Chemicals 13 Materials 15 Industrial Solutions 17 Nutrition & Care 19 Surface Technologies 21 Agricultural Solutions 23 Other 25 Selected Financial Data 26 Statement of Income 26 Balance Sheet 27 Statement of Cash Flows 28 Reconciliation Tables of Various Earnings Indicators 29 Selected Key Figures Excluding Precious and Base Metals 31 BASF Group Quarterly Statement Q3 2026 Contents
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Q3 2026 — At a Glance €16.4 €1.6 €0.5 billion billion billion Sales EBITDA before special items Free cash flow Q3 2025: €14.3 billion Q3 2025: €1.4 billion Q3 2025: €0.4 billion EBITDA before special items by segment and Other Million € 409 551 434 237 1,631 201 -48 153 -140 262 408 291 134 1,095 328 80 408 -73 Q3 2026 Q3 2025 Outlook for the 2026 business year Previous assumptions from the Half-Year Financial Report 2026 in parentheses, for more information see Outlook in this quarterly statement €7.4 – €7.8 €1.5 – €2.3 17.2 – 18.2 billion billion million metric tons EBITDA before special items Free cash flow CO2 emissions (€6.9 billion – €7.7 billion) (unchanged) (unchanged) Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 At a Glance 3 Core Businesses Standalone Businesses Chemicals Materials Industrial Solutions Nutrition & Care Surface Technologies Agricultural Solutions Other
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Key Figures BASF Group Q3 January–September 2026 2025 +/- 2026 2025 +/- Sales million € 16,360 14,328 14.2 % 49,586 45,625 8.7 % EBITDA before special items million € 1,643 1,430 14.9 % 6,448 5,521 16.8 % EBITDA million € 1,206 1,207 -0.1 % 5,358 4,600 16.5 % EBITDA margin before special items % 10.0 10.0 . 13.0 12.1 . Depreciation and amortizationa million € 1,305 976 33.7 % 3,258 2,813 15.8 % Income from operations (EBIT) million € -98 232 . 2,100 1,787 17.6 % Special items in EBIT million € -780 -301 -158.6 % -1,494 -1,024 -45.9 % EBIT before special items million € 681 533 27.8 % 3,595 2,811 27.9 % Income before income taxes million € -41 140 . 1,837 1,374 33.7 % Income after taxes from continuing operations million € 184 169 8.8 % 1,657 1,016 63.2 % Income after taxes from discontinued operations million € – 32 . 3,627 131 . Income after taxes million € 184 202 -8.7 % 5,284 1,147 360.9 % Net income million € 155 172 -9.8 % 5,227 1,059 393.4 % Earnings per shareb € 0.18 0.19 -6.3 % 6.00 1.19 405.4 % Adjusted earnings per shareb € 0.72 0.52 38.5 % 3.33 2.58 29.3 % Research and development expenses million € 434 489 -11.3 % 1,343 1,447 -7.2 % Personnel expenses million € 2,786 2,975 -6.4 % 8,980 9,093 -1.2 % Employees (September 30) 93,032 110,709 -16.0 % 93,032 110,709 -16.0 % Assets (September 30) million € 79,944 76,441 4.6 % 79,944 76,441 4.6 % Investments including acquisitionsc million € 617 1,201 -48.6 % 2,312 3,218 -28.2 % Equity ratio (September 30) % 47.2 44.4 . 47.2 44.4 . Net debt (September 30) million € 16,652 20,891 -20.3 % 16,652 20,891 -20.3 % Cash flows from operating activities million € 1,096 1,371 -20.1 % 823 1,974 -58.3 % Free cash flow million € 523 398 31.5 % -1,040 -868 -19.9 % a Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments) b The weighted average number of outstanding shares amounted to 859,222,207 in the third quarter of 2026 and 868,186,714 from January to September 2026. In the third quarter of 2025 as well as from January to September 2025, the weighted average number of outstanding shares amounted to 892,522,164. For more information on the share buyback program, see Significant Events in this quarterly statement. c Additions to property, plant and equipment and intangible assets Due to rounding, individual figures may not add up to the totals shown and percentages may not correspond exactly to the figures shown. Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 Key Figures 4
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Business Review BASF Group Significant Events In accordance with the resolution passed by the Supervisory Board on July 23, 2026, the appointments of Board of Executive Directors members Dr. Katja Scharpwinkel and Anup Kothari were extended by four years until the conclusion of the 2030 Annual Shareholders’ Meeting. On July 29, 2026, the Board of Executive Directors of BASF SE approved a new share buyback program with a volume of up to €1.0 billion. The program began in August 2026 and is scheduled to be completed by the end of April 2027. It is part of the share buyback announced in September 2024 with a total amount of at least €4 billion by the end of 2028. Between November 2025 and June 2026, shares with a total value of around €1.5 billion were already bought back. BASF SE will cancel the repurchased shares and reduce share capital accordingly. On August 14, 2026, financial debt was repaid ahead of schedule using part of the cash inflows from the sale of the Coatings business (now Surventis) to Carlyle, which was completed on June 30, 2026. The repayment included BASF SE’s €750 million 3.125% bond (due in 2028) and BASF SE’s €500 million 4% bond (due in 2029). This redemption was in addition to scheduled debt repayments of around €2.2 billion in 2026. Events after September 30, 2026 (events after the reporting period) On October 1, 2026, Stahl Group S.A., Luxembourg, completed the sale of its specialty coatings business to Henkel. In connection with this, BASF received a dividend of €257 million on October 1, 2026, based on its indirect shareholding in Stahl Group S.A. Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 BASF Group 5
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Results of Operations Sales in the third quarter of 2026 amounted to €16,360 million and were €2,032 million above the prior-year period’s figure. This was mainly due to considerably higher prices in the Chemicals, Materials, Surface Technologies and Industrial Solutions segments. Prices improved slightly in Nutrition & Care, while Agricultural Solutions recorded a slight decline in prices. Volumes increased substantially in the Chemicals and Nutrition & Care segments and slightly in the Industrial Solutions, Materials and Surface Technologies segments. A significant decline in volumes in the Agricultural Solutions segment had a dampening effect. Positive currency effects in all segments, especially relating to the U.S. dollar and the Chinese renminbi, contributed to the sales increase. Sales in Other improved considerably. Factors influencing BASF Group sales in Q3 2026 2.1% 11.7% 1.7% -1.3% 14.2% Volumes Prices Currencies Portfolio Sales EBITDA before special items1 increased by €213 million compared with the prior-year quarter to €1,643 million. This was due to the considerable earnings increase in the Chemicals, Nutrition & Care, Materials and Industrial Solutions segments, which more than offset the decline in earnings in Agricultural Solutions and Surface Technologies. EBITDA before special items in Other decreased considerably compared with the prior-year period. At 10.0%, the EBITDA margin before special items was at the level of the prior-year period (Q3 2025: 10.0%) . EBITDA1 amounted to €1,206 million, compared with €1,207 million in the third quarter of 2025. Sequential development of EBITDA before special items of the BASF Group Billion € 1.6 2.4 2.4 1.0 1.4 Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 BASF Group 6 1 For an explanation of this indicator, see Our Steering Concept in the BASF Report 2025 and the reconciliation tables in this quarterly statement.
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EBITDA included special items2 totaling -€437 million in the third quarter of 2026. These resulted in part from special expenses for restructuring measures, primarily relating to the cost savings program at the Ludwigshafen site as well as in connection with the settlement of a legal dispute in the Care Chemicals division. EBIT3 stood at -€98 million, compared with €232 million in the prior-year quarter. Depreciation and amortization4 amounted to €1,305 million (Q3 2025: €976 million), including impairments, particularly in the Monomers division (€318 million). Net income from shareholdings increased by €60 million to €113 million, largely due to significantly improved earnings contributions from non-integral investments accounted for using the equity method. The €88 million improvement in the financial result compared with the prior-year quarter resulted mainly from the increase in the other financial result, especially due to higher interest income on income taxes. Income before income taxes thus amounted to -€41 million in the third quarter of 2026. Tax income of €226 million resulted primarily from tax refunds for previous years. Income after taxes was €184 million, down by €18 million compared with the figure of the prior-year quarter. This decline was due to the absence of income after taxes from the discontinued Coatings business, which was still included in the earnings of the third quarter of 2025. Excluding this effect, income after taxes increased by €15 million. At €29 million, income attributable to noncontrolling interests nearly matched the level of the third quarter of 2025. Net income therefore amounted to €155 million (Q3 2025: €172 million). Earnings per share came in at €0.18 in the third quarter of 2026 (Q3 2025: €0.19). Earnings per share adjusted5 for special items and amortization of intangible assets were €0.72 (Q3 2025: €0.52). Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 BASF Group 7 2 Special items may arise from the integration of acquired businesses, restructuring measures, gains or losses resulting from divestitures and sales of shareholdings and other expenses and income that arise outside of ordinary business activities. Special items in EBIT, net income from shareholdings and financial result may also include impairments and reversals of impairments. 3 The calculation of income from operations (EBIT) is shown in the Statement of Income in this quarterly statement. 4 Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments) 5 For an explanation of this indicator, see Results of Operations in the BASF Report 2025 and the reconciliation tables in this quarterly statement.
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Net Assets As of September 30, 2026, total assets amounted to €79,944 million, approximately €3.8 billion above the figure as of December 31, 2025. At €44,736 million, noncurrent assets nearly matched the level at the end of the previous year. Intangible assets increased by €131 million, mainly due to currency effects of €225 million as well as additions in the amount of €195 million in connection with investments and acquisitions. Amortization and impairments of €266 million had an offsetting effect. The value of property, plant and equipment remained largely unchanged compared with December 31, 2025. Depreciation amounted to €2,991 million, including impairments of €434 million, primarily in the Monomers division. This was counterbalanced by additions totaling €2,116 million and currency effects of €977 million. The €1,412 million increase in the assets of integral investments accounted for using the equity method resulted primarily from the 40% stake in Survent is (which contains the former BASF Coatings business) recognized as of June 30, 2026. Non-integral shareholdings accounted for using the equity method decreased by €2,034 million, in particular as a result of the divestiture of shares in Harbour Energy plc, London, United Kingdom, as well as dividend payments received, mainly from Wintershall Dea GmbH, Kassel, Germany. Other noncurrent receivables increased by €553 million, largely due to higher defined benefit assets. Current assets rose by €3,524 million compared with December 31, 2025, to €35,209 million. This was attributable in part to the €2,748 million increase in trade accounts receivable, particularly in the Agricultural Solutions segment. Inventories were higher by €2,213 million, mainly on account of prices, across all segments. Other receivables and miscellaneous assets were up by €1,250 million, primarily due to higher positive market values of derivatives and higher receivables in connection with hedging transactions. Assets of disposal groups amounted to €45 million as of September 30, 2026, and contained the assets relating to the planned divestiture of the silicates business in the Care Chemicals division. The decrease of €3,927 million compared with year-end 2025 was due to the derecognition of the Coatings disposal group. Financial Position Compared with the end of the previous year, equity increased by €3,395 million to €37,732 million. Retained earnings were €1,855 million above the figure as of December 31, 2025. Net income was €5,227 million, while dividend payments to shareholders of BASF SE amounted to €1,964 million and share buybacks amounted to €1,418 million. Other comprehensive income rose by €1,600 million, due largely to currency effects as well as positive effects in connection with pension obligations. The equity ratio stood at 47.2% (December 31, 2025: 45.1%). Noncurrent liabilities were €1,503 million below the figure recorded as of December 31, 2025, primarily because of the €1,168 million decrease in noncurrent financial indebtedness. This was largely driven by reclassifications in the amount of around €2.3 billion to current financial indebtedness, the early redemption of two euro bonds totaling around €1.25 billion, and the early repayment of a euro- denominated €380 million loan. By contrast, there was a net increase in bank liabilities, mainly as a result of a further drawdown of approximately €2.1 billion of the credit line in China for the construction of the Zhanjiang Verbund site, the issuance of two CNY bonds with a carrying amount of around €500 million, as well as interest and currency effects. Other provisions declined by €52 million, primarily due to the reclassification of provisions for site restoration obligations to current provisions as well as the release of interest provisions in connection with outstanding tax payments. Increased negative market values of derivatives were the main reason for the decrease in other liabilities by €64 million. Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 BASF Group 8
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Current liabilities of €18,291 million were €1,879 million above the previous year-end figure. The €835 million increase in provisions primarily related to discount provisions and restructuring provisions. Current financial indebtedness rose by €852 million, mainly due to the abovementioned reclassifications as well as new loans of around €250 million being taken out. The scheduled redemption of a bond and the repayment of loans totaling around €1.65 billion had an offsetting effect. Current other liabilities grew by €267 million. The €1,005 million decline in liabilities of disposal groups was attributable to the derecognition of the Coatings disposal group. Compared with the end of the previous year, net debt1 decreased by €1,677 million to €16,652 million. Net debt Million € September 30, 2026 December 31, 2025 Noncurrent financial indebtedness 17,313 18,481 + Current financial indebtedness 3,459 2,608 Financial indebtedness 20,772 21,088 − Marketable securities 70 89 − Cash and cash equivalents 4,051 2,670 Net debt 16,652 18,329 Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 BASF Group 9 1 For an explanation of this indicator, see Financial Position in the BASF Report 2025.
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In the third quarter of 2026, cash flows from operating activities amounted to €1,096 million, €275 million below the level of the prior-year quarter. The decrease was mainly attributable to €507 million cash being tied up in inventories, predominantly as a result of higher raw materials prices, whereas €6 million had been released in the prior-year period. Dividends received were €187 million lower compared with the prior-year period, primarily due to lower dividend payments from Wintershall Dea and Harbour Energy. This was partially offset by a positive effect from earnings adjusted for depreciation and amortization, noncash effects and reclassifications, which resulted in a higher cash inflow of €426 million in the third quarter of 2026. Cash flows from investing activities amounted to -€89 million, compared with -€767 million in the prior-year quarter. This change was attributable in part to payments of €434 million received from the disposal of shares in Harbour Energy. Moreover, payments made for intangible assets and property, plant and equipment decreased by €401 million, mainly owing to lower payments relating to the Verbund site in Zhanjiang, China. Cash flows from financing activities came in at -€4,777 million (Q3 2025: -€1,102 million). Net repayment of financial and similar liabilities increased by €3,358 million. In the third quarter of 2026, share buybacks reduced cash flows from financing activities by €273 million. No shares were repurchased in the prior-year quarter. Free cash flow2 amounted to €523 million in the third quarter of 2026, up by €125 million compared with the level of the prior-year quarter. Free cash flow Q3 Million € 2026 2025 Cash flows from operating activities 1,096 1,371 − Payments made for property, plant and equipment and intangible assets 572 973 Free cash flow 523 398 BASF enjoys good credit ratings, especially compared with competitors in the chemical industry. On October 26, 2026, Fitch confirmed its credit rating of A/F1/outlook stable. On July 13, 2026, Standard & Poor’s maintained its credit rating of A-/A-2/outlook stable. Moody’s confirmed its credit rating of A3/P-2/outlook stable on May 29, 2026. Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 BASF Group 10 2 For an explanation of this indicator, see Financial Position in the BASF Report 2025 and the reconciliation tables in this quarterly statement.
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Outlook In the third quarter of 2026, global gross domestic product (GDP) grew by nearly 2.5% versus the same quarter of the previous year, according to the latest estimates. The global economy thus remained robust overall, though regional developments varied considerably. Headwinds from high energy prices and trade conflicts contrasted with impetus from technology investments and relatively stable demand for services. In the EU, growth of slightly above 1% still significantly lagged the global average. Germany’s economy likely grew at a pace similar to that of the EU as a whole due to a weak prior-year baseline, even though low water levels on the Rhine dampened industrial production. The U.S. economy remained dynamic in the third quarter of 2026, with forecast growth of more than 2% compared with the previous year. Expansion was driven primarily by private consumption and by investments, especially in the IT sector. By contrast, industrial activity was still mixed; residential construction continued to be held back by high financing costs. In China, GDP growth of 4.5% in the third quarter of 2026 was somewhat slower than the pace recorded in the first half of the year. The economy was buoyed by exports and the production of technology and electronics goods, while consumer spending, the real estate sector and private investment remained weak. Global industrial production developed only moderately overall in the third quarter of 2026. Growth was concentrated in electronics, semiconductors and AI infrastructure, while traditional industries remained weak in many cases. In the EU, manufacturing output largely stagnated according to the latest available data, while in the United States it increased only slightly despite the robust economy as a whole. In Asia, IT-related industries in China, Japan and South Korea boosted global industrial production. In China, manufacturing growth remained generally strong at nearly 6%. Global automotive production declined overall. In China, production slowed noticeably against the backdrop of weak domestic demand despite strong exports. A considerable downturn also occurred in North America. In the EU, production output nearly stagnated compared with the prior-year quarter. In the consumer goods sector, demand for durable goods in particular remained subdued. Higher energy prices and continued cautious consumer sentiment weighed especially on interest-rate-sensitive and larger purchases. Food production was relatively steady. The market for personal care products saw a decline in the United States, sideways movement in the EU and growth in China. In the building sector, rising construction costs dampened demand, as did the persistently high and still- rising interest rates. The picture in the EU was heterogeneous, with Germany recording an uptick in construction activity in infrastructure and finishing trades. In the other major EU countries, however, production declined. In the United States, high interest rates acted as a drag on residential construction. In China, housing construction still significantly lagged the level of the prior-year quarter. In the agricultural sector, the overall picture was mixed. Weather-related and geopolitical supply risks, together with robust demand, led to higher prices for agricultural commodities. At the same time, rising costs for energy and fertilizers had a negative impact on farmers’ profitability. Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 Outlook 11
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Global chemical production largely stalled in the third quarter of 2026 versus the strong prior-year quarter. In China, production grew only slightly compared with the expansive development in the prior- year period. Outside of China, development was weak: In the EU, chemical production declined following an increase in the second quarter of 2026. In the United States, production dropped off by 4.5%. Exceptionally strong fluctuations in the oil price were seen in the third quarter of 2026. The price for Brent North Sea crude was around $72 per barrel at the beginning of the quarter and rose to more than $100 per barrel by the end of the reporting period as a result of renewed military escalations in the Middle East, restricted deliveries through the Strait of Hormuz and the need to use alternative supply routes. Given the continuing uncertainty surrounding further geopolitical and global economic developments, we maintain the macroeconomic assumptions published in the Half-Year Financial Report 2026: ▪ Growth in gross domestic product: 2.5% ▪ Growth in industrial production: 2.0% ▪ Growth in chemical production: 1.8% ▪ Average euro/dollar exchange rate of $1.17 per euro ▪ Average annual oil price (Brent crude) of $80 per barrel As the business year has progressed and we have gained greater visibility regarding the expected earnings development, we are able to provide a more specific forecast range for BASF Group’s EBITDA before special items for the 2026 business year than was published in the BASF Half-Year Financial Report 2026. Compared with our previous forecast, we have raised the lower end of the EBITDA before special items range and slightly increased the upper end (previous forecast from the Half-Year Financial Report 2026 is in parentheses): ▪ EBITDA before special items of between €7.4 billion and €7.8 billion (between €6.9 billion and €7.7 billion) ▪ Free cash flow of between €1.5 billion and €2.3 billion (unchanged) ▪ CO2 emissions of between 17.2 million metric tons and 18.2 million metric tons (unchanged) With regard to opportunities and risks, the statements made in the BASF Report 2025 continue to apply overall. Projected risks resulting from higher raw materials costs partially materialized in the first three quarters of 2026, while price and volume development were positive. Risks continue to arise in particular in connection with demand and market development, margins, regulatory conditions, as well as geopolitical and trade policy developments. Given the ongoing uncertainty relating to the geopolitical developments in the Middle East, the effects on energy and raw materials prices as well as global supply chains in particular still cannot be fully assessed. Opportunities may arise in particular from stronger- than-expected development in demand and margins, additional cost and efficiency improvements, as well as favorable developments in energy, raw materials and currency markets. According to the company’s assessment, neither existing individual risks nor the sum of individual risks pose a threat to the continued existence of the BASF Group. » For more information, see Opportunities and Risks in the BASF Report 2025. Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 Outlook 12
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Chemicals Q3 2026 At a glance €409 million €318 million EBITDA before special items Segment cash flow Q3 2025: €262 million Q3 2025: -€38 million Sales1 in the Chemicals segment in the third quarter of 2026 were considerably above the level of the prior-year quarter, mainly as a result of significantly higher prices and volumes in the Petrochemicals division. Factors influencing sales in Q3 2026 – Chemicals Chemicals Petrochemicals Intermediates Volumes 9.7 % 15.9 % -8.5 % Prices 22.1 % 25.4 % 12.3 % Currencies 2.6 % 2.9 % 1.6 % Portfolio – – – Sales 34.4 % 44.2 % 5.4 % In the Petrochemicals division, prices rose significantly in all business areas, especially for cracker products. This was due to continued price increases resulting from supply disruptions related to the conflict in the Middle East. The Intermediates division also recorded considerably higher prices, particularly for amines. Volumes in the Chemicals segment were substantially higher than in the prior-year quarter. The pronounced increase in volumes in the Petrochemicals division was primarily attributable to the ongoing ramp-up of the Verbund site in Zhanjiang, China. The Intermediates division, by contrast, recorded a decline in volumes, mainly in the amines business. Currency effects, predominantly relating to the Chinese renminbi, had a positive impact on sales. EBITDA before special items2 in the Chemicals segment increased considerably compared with the third quarter of 2025. In both divisions, higher contribution margins and lower fixed costs positively affected earnings development. In the Petrochemicals division, the contribution margin rose as a result of higher prices and an increase in volumes that was mainly attributable to the continued ramp-up of the Verbund site in Zhanjiang. Special expenses in EBITDA amounted to €19 million and arose mainly from restructuring measures. In the third quarter of 2026, the segment cash flow3 of Chemicals improved considerably compared with the prior-year quarter. This was mainly due to significantly lower capital expenditures – in the Petrochemicals division, particularly in connection with the establishment of the Verbund site in Zhanjiang – as well as higher EBITDA in both divisions. Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 Chemicals 13 1 For sales, “slight” represents a change of 0.1% – 5.0%, while “considerable” and its synonyms (for example “significant” or “substantial”) are used for changes of 5.1% and higher. “At prior-year level” indicates no change (+/-0.0%). 2 For EBITDA before special items in all segments, “slight” means a change of 0.1% – 10.0%, while “considerable” and its synonyms (for example “significant” or “substantial”) are used for changes of 10.1% and higher. “At prior-year level” indicates no change (+/-0.0%). 3 For segment cash flow in all segments, “slight” means a change of 0.1% – 10.0%, while “considerable” and its synonyms (for example “significant” or “substantial”) are used for changes of 10.1% and higher. “At prior-year level” indicates no change (+/-0.0%).
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Segment data – Chemicals Q3 January–September Million € 2026 2025 +/- 2026 2025 +/- Sales to third parties 3,394 2,526 34.4 % 9,651 7,805 23.7 % of which Petrochemicals 2,717 1,884 44.2 % 7,635 5,825 31.1 % Intermediates 677 642 5.4 % 2,015 1,979 1.8 % EBITDA before special items 409 262 56.1 % 1,019 807 26.3 % Special items in EBITDA -19 -20 4.0 % -50 -59 15.9 % EBITDA 390 242 61.1 % 970 748 29.7 % EBITDA margin before special items (%) 12.1 10.4 . 10.6 10.3 . Depreciation and amortizationa 337 250 34.7 % 931 688 35.4 % EBIT before special items 91 30 201.2 % 106 145 -26.8 % Special items in EBIT -38 -38 1.7 % -68 -85 20.2 % Income from operations (EBIT) 53 -8 . 38 60 -36.2 % Investments including acquisitionsb 193 469 -58.9 % 921 1,441 -36.1 % Segment cash flow 318 -38 . -530 -605 12.3 % Assets (September 30) 15,882 14,042 13.1 % 15,882 14,042 13.1 % Research and development expenses 19 21 -7.5 % 60 62 -3.6 % a Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments) b Additions to property, plant and equipment and intangible assets Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 Chemicals 14
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Materials Q3 2026 At a glance €551 million €365 million EBITDA before special items Segment cash flow Q3 2025: €408 million Q3 2025: €338 million In the third quarter of 2026, the Materials segment significantly increased sales compared with the prior- year period, mainly due to higher prices in both divisions. Factors influencing sales in Q3 2026 – Materials Materials Performance Materials Monomers Volumes 1.6 % 2.4 % 0.7 % Prices 15.1 % 6.9 % 23.2 % Currencies 1.8 % 1.2 % 2.4 % Portfolio – – – Sales 18.5 % 10.5 % 26.3 % In the Performance Materials division, prices were considerably above the level of the prior-year quarter, particularly in the PU systems and engineering plastics businesses. Prices in the Monomers division increased across all business areas, especially for MDI and ammonia. Both divisions recorded slight volume increases. In the Performance Materials division, volume growth was achieved especially in thermoplastic polyurethanes and engineering plastics. Volumes in the Monomers division increased in particular in the polyamide 6 and MDI business areas as well as in ammonia. Positive currency effects, mainly relating to the Chinese renminbi, supported the segment’s sales development. In the Materials segment, EBITDA before special items increased considerably in both divisions compared with the prior-year quarter. The main drivers in the Performance Materials division were a price-related increase in the contribution margin and lower fixed costs resulting from ongoing efficiency measures. Earnings in the Monomers division improved significantly, largely due to higher contribution margins, especially in MDI and ammonia. Special expenses in EBITDA amounted to €21 million and arose mainly from restructuring measures. Overall, segment cash flow in the Materials segment was slightly above the level of the third quarter of 2025. Cash flow in the Monomers division increased substantially, driven primarily by higher EBITDA and lower capital expenditures. There was a partial offsetting effect from inventory buildup in connection with higher feedstock prices and preparations for planned turnarounds, whereas inventory had been reduced in the prior-year quarter. In the Performance Materials division, cash flow decreased considerably. This was due mainly to a higher amount of cash tied up in working capital as a result of a price-related increase in inventories compared with an inventory reduction in the prior-year quarter; higher EBITDA partially offset this. Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 Materials 15
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Segment data – Materials Q3 January–September Million € 2026 2025 +/- 2026 2025 +/- Sales to third parties 3,735 3,153 18.5 % 10,763 9,842 9.4 % of which Performance Materials 1,728 1,564 10.5 % 5,039 4,977 1.2 % Monomers 2,007 1,588 26.3 % 5,724 4,865 17.7 % EBITDA before special items 551 408 35.0 % 1,854 1,286 44.2 % Special items in EBITDA -21 -1 . -52 -34 -54.7 % EBITDA 530 407 30.3 % 1,802 1,252 43.9 % EBITDA margin before special items (%) 14.8 13.0 . 17.2 13.1 . Depreciation and amortizationa 531 208 155.5 % 906 643 40.8 % EBIT before special items 340 211 60.9 % 1,268 656 93.4 % Special items in EBIT -340 -12 . -372 -47 -696.6 % Income from operations (EBIT) 0 199 . 896 609 47.2 % Investments including acquisitionsb 162 310 -47.7 % 464 646 -28.1 % Segment cash flow 365 338 8.0 % 395 638 -38.1 % Assets (September 30) 10,221 9,475 7.9 % 10,221 9,475 7.9 % Research and development expenses 42 46 -7.9 % 128 137 -6.4 % a Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments) b Additions to property, plant and equipment and intangible assets Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 Materials 16
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Industrial Solutions Q3 2026 At a glance €434 million €276 million EBITDA before special items Segment cash flow Q3 2025: €291 million Q3 2025: €353 million Sales in the Industrial Solutions segment were considerably above the level of the third quarter of 2025, primarily as a result of higher prices. Factors influencing sales in Q3 2026 – Industrial Solutions Industrial Solutions Dispersions & Resins Performance Chemicals Volumes 2.7 % 4.1 % 0.8 % Prices 7.9 % 9.0 % 6.5 % Currencies 1.3 % 1.4 % 1.1 % Portfolio – – – Sales 11.8 % 14.5 % 8.5 % Compared with the prior-year quarter, prices in the Dispersions & Resins division increased in all business areas, particularly in dispersions. Improved prices were seen in all business areas of the Performance Chemicals division, especially in lubricants and antioxidants. The segment’s volumes were slightly above the level of the prior-year quarter. In the Dispersions & Resins division, sales volumes increased mainly in dispersions, electronic materials and additives; this more than offset the decline in the resins business. In the Performance Chemicals division, volumes increased slightly in nearly all business areas. Currency effects, especially in relation to the Chinese renminbi and the U.S. dollar, had a positive impact on sales. EBITDA before special items in the Industrial Solutions segment considerably exceeded the figure for the prior-year quarter. Higher contribution margins due to higher specific margins in both divisions were the main driver of the positive earnings development. Performance Chemicals also improved its earnings as a result of significantly lower fixed costs. Special expenses in EBITDA amounted to €10 million and primarily resulted from restructuring measures in both divisions. Compared with the prior-year period, segment cash flow decreased considerably. Cash flow in both divisions declined mainly because of cash being tied up in working capital, as opposed to a cash release in the prior-year quarter, and this effect outweighed the increase in EBITDA. Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 Industrial Solutions 17
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Segment data – Industrial Solutions Q3 January–September Million € 2026 2025 +/- 2026 2025 +/- Sales to third parties 2,387 2,134 11.8 % 6,807 6,563 3.7 % of which Dispersions & Resins 1,367 1,194 14.5 % 3,939 3,743 5.2 % Performance Chemicals 1,020 940 8.5 % 2,868 2,820 1.7 % EBITDA before special items 434 291 49.2 % 1,229 958 28.2 % Special items in EBITDA -10 -11 3.8 % -65 -25 -159.6 % EBITDA 424 280 51.3 % 1,164 933 24.7 % EBITDA margin before special items (%) 18.2 13.6 . 18.1 14.6 . Depreciation and amortizationa 97 109 -11.4 % 340 322 5.5 % EBIT before special items 338 192 76.3 % 936 647 44.7 % Special items in EBIT -11 -21 45.2 % -112 -35 -216.4 % Income from operations (EBIT) 327 171 91.1 % 824 611 34.8 % Investments including acquisitionsb 83 95 -12.8 % 227 240 -5.7 % Segment cash flow 276 353 -21.6 % 322 718 -55.2 % Assets (September 30) 7,324 6,759 8.4 % 7,324 6,759 8.4 % Research and development expenses 45 45 0.4 % 131 139 -5.8 % a Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments) b Additions to property, plant and equipment and intangible assets Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 Industrial Solutions 18
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Nutrition & Care Q3 2026 At a glance €237 million -€21 million EBITDA before special items Segment cash flow Q3 2025: €134 million Q3 2025: -€34 million The sales of the Nutrition & Care segment were considerably above the level of the third quarter of 2025. Factors influencing sales in Q3 2026 – Nutrition & Care Nutrition & Care Care Chemicals Nutrition & Health Volumes 8.4 % 3.0 % 22.6 % Prices 2.7 % 4.7 % -2.5 % Currencies 0.7 % 1.0 % 0.1 % Portfolio -4.7 % -2.4 % -10.7 % Sales 7.2 % 6.3 % 9.5 % Higher volumes were the main driver of the rise in sales. In the Nutrition & Health division, sales volumes increased significantly, mainly in the vitamin and carotenoid products, aroma and pharma business areas. Sales volumes improved slightly in the Care Chemicals division, particularly in Home Care, Industrial & Institutional Cleaning and Industrial Formulators, as well as Personal Care. Prices in this segment were slightly above the prior-year quarter’s level. In the Care Chemicals division, prices improved mainly in Home Care, Industrial & Institutional Cleaning and Industrial Formulators as well as in the oleochemical surfactants business. In the Nutrition & Health division, prices decreased slightly due to a softening trend in vitamin and carotenoid products and the aroma business. Positive currency effects were primarily related to the Chinese renminbi and the Brazilian real. The negative portfolio effect in the Nutrition & Health division resulted from the divestiture of the business with food and health performance ingredients. In the Care Chemicals division, portfolio effects were attributable in part to the sale of the optical brighteners business. EBITDA before special items in the Nutrition & Care segment was considerably above the prior-year period’s figure. In both divisions, earnings increased as a result of higher contribution margins and lower fixed costs. In Nutrition & Health, the contribution margin increased substantially due to volumes. The Care Chemicals division also recorded a significant rise in the contribution margin, which was attributable to higher volumes and higher prices. EBITDA in the Nutrition & Care segment included special expenses of €94 million, primarily in the Care Chemicals division in connection with the settlement of a legal dispute. Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 Nutrition & Care 19
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Segment cash flow was considerably above the prior-year quarter’s level overall, mainly due to lower capital expenditure in Nutrition & Health. Cash flow decreased in the Care Chemicals division, largely because cash was tied up in working capital, as opposed to a cash release in the prior-year quarter, and EBITDA was lower as a result of the special expenses. Segment data – Nutrition & Care Q3 January–September Million € 2026 2025 +/- 2026 2025 +/- Sales to third parties 1,755 1,637 7.2 % 5,133 4,974 3.2 % of which Care Chemicals 1,262 1,187 6.3 % 3,718 3,655 1.7 % Nutrition & Health 492 450 9.5 % 1,416 1,319 7.3 % EBITDA before special items 237 134 76.4 % 632 559 13.0 % Special items in EBITDA -94 50 . -111 39 . EBITDA 143 184 -22.4 % 522 598 -12.8 % EBITDA margin before special items (%) 13.5 8.2 . 12.3 11.2 . Depreciation and amortizationa 139 158 -12.1 % 421 420 0.2 % EBIT before special items 97 4 . 212 176 20.0 % Special items in EBIT -93 21 . -111 2 . Income from operations (EBIT) 4 25 -86.2 % 101 178 -43.5 % Investments including acquisitionsb 62 170 -63.8 % 231 478 -51.6 % Segment cash flow -21 -34 38.1 % -80 -164 51.4 % Assets (September 30) 8,134 7,774 4.6 % 8,134 7,774 4.6 % Research and development expenses 27 33 -17.0 % 86 102 -15.2 % a Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments) b Additions to property, plant and equipment and intangible assets Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 Nutrition & Care 20
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Surface Technologies Q3 2026 At a glance €201 million €284 million EBITDA before special items Segment cash flow Q3 2025: €328 million Q3 2025: €274 million Sales in the Surface Technologies segment rose significantly compared with the third quarter of 2025. Factors influencing sales in Q3 2026 – Surface Technologies Surface Technologies Battery Materials Metivoa Coatingsb Volumes 1.0 % -13.4 % 2.1 % – Prices 12.8 % 16.5 % 13.3 % – Currencies 1.3 % 5.6 % 1.1 % – Portfolio -5.2 % – – -100.0 % Sales 9.9 % 8.8 % 16.4 % -100.0 % a Previously Environmental Catalyst and Metal Solutions (ECMS) b The figures of the Coatings division refer exclusively to the decorative paints business unit. Higher prices had a significant impact on the segment’s sales development. At Metivo, previously Environmental Catalyst and Metal Solutions, prices increased largely as a result of higher precious metal prices. In the Battery Materials division, considerably higher prices in the cathode active materials business were the main driver. Volumes in Surface Technologies were up slightly thanks to the positive volume development at Metivo. Battery Materials recorded a significant decline in volumes in the cathode active materials business. Currency effects, mainly relating to the U.S. dollar and the Chinese renminbi, supported the segment’s sales development. The sale of the Brazilian decorative paints business on October 1, 2025, led to negative portfolio effects in the Coatings division. EBITDA before special items in the Surface Technologies segment was considerably below the figure of the prior-year period. This was mainly due to the significant decline in earnings at Metivo, where the absence of the one-off effects recorded in the prior-year quarter resulted in higher fixed costs, particularly in the precious metal services business. This was partially offset by the increased contribution margin in the mobile emissions catalysts business. In the Battery Materials division, the slight earnings improvement was driven primarily by lower fixed costs. Special expenses in EBITDA amounted to €8 million and resulted mainly from restructuring measures at Metivo. Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 Surface Technologies 21
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Compared with the prior-year quarter, Surface Technologies’ segment cash flow increased slightly overall. Cash flow in the Battery Materials division was considerably above the figure for the prior-year quarter, particularly due to a stronger reduction in inventories. At Metivo, cash flow decreased mainly due to lower EBITDA, which was partially offset by a higher cash release in working capital compared with the prior-year quarter. Segment data – Surface Technologies Q3 January–September Million € 2026 2025 +/- 2026 2025 +/- Sales to third parties 2,529 2,302 9.9 % 7,560 6,846 10.4 % of which Battery Materials 164 151 8.8 % 474 442 7.2 % Metivoa 2,364 2,031 16.4 % 7,087 6,057 17.0 % Coatingsb – 120 . – 347 . EBITDA before special items 201 328 -38.9 % 591 670 -11.8 % Special items in EBITDA -8 -23 65.5 % -24 -68 63.8 % EBITDA 193 305 -36.8 % 567 603 -5.9 % EBITDA margin before special items (%) 7.9 14.3 . 7.8 9.8 . Depreciation and amortizationc 49 54 -9.0 % 150 167 -9.9 % EBIT before special items 153 276 -44.3 % 447 508 -12.1 % Special items in EBIT -10 -24 60.5 % -30 -72 58.2 % Income from operations (EBIT) 144 252 -42.8 % 416 436 -4.4 % Investments including acquisitionsd 32 35 -8.1 % 76 86 -10.9 % Segment cash flow 284 274 3.7 % 404 336 20.4 % Assets (September 30) 6,208 6,108 1.6 % 6,208 6,108 1.6 % Research and development expenses 33 36 -6.4 % 102 118 -13.5 % a Previously Environmental Catalyst and Metal Solutions (ECMS) b The figures of the Coatings division refer exclusively to the decorative paints business unit. c Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments) d Additions to property, plant and equipment and intangible assets Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 Surface Technologies 22
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Agricultural Solutions Q3 2026 At a glance -€48 million €294 million EBITDA before special items Segment cash flow Q3 2025: €80 million Q3 2025: €465 million Sales in the Agricultural Solutions segment declined significantly versus the third quarter of 2025. Factors influencing sales in Q3 2026 – Agricultural Solutions Agricultural Solutions Volumes -17.3 % Prices -4.8 % Currencies 2.1 % Portfolio 0.2 % Sales -19.7 % Sales in Europe decreased substantially. The considerable decline in volumes was mainly due to adverse weather conditions. Prices declined slightly. In North America, there was a slight decline in sales. Lower volumes compared with the prior-year quarter, particularly for Herbicides, Fungicides and Seed Treatment, were partially offset by higher volumes for Field Crop Seeds. Positive currency effects were related primarily to the U.S. dollar and the Canadian dollar. In the Asia Pacific region, sales were down considerably. Volumes declined mainly for Herbicides due to adverse weather conditions triggered by El Niño. Lower prices and negative currency effects, especially relating to the Indian rupee, additionally weighed on sales development. Sales in the South America, Africa, Middle East region declined significantly compared with the prior- year quarter. Sales volumes decreased in particular because of front-loaded sales into the second quarter to facilitate the ERP system migration. Lower prices further contributed to the sales decline, partly offset by slightly positive currency effects. Positive portfolio effects resulted from the inclusion of AgBiTech, Brisbane, Australia, which was acquired on March 31, 2026. EBITDA before special items was considerably below the prior-year quarter’s level. This was mainly attributable to decreased sales, in particular in the South America, Africa, Middle East region, as well as a slightly lower margin resulting from lower prices in some regions; reduced fixed costs could only partially offset this. Special items in EBITDA amounted to -€30 million and arose mainly in connection with the legal separation of the division and the migration to the new ERP system. Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 Agricultural Solutions 23
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Segment cash flow was considerably below the prior-year period’s figure, mainly due to lower EBITDA and higher inventory buildup. Segment data – Agricultural Solutions Q3 January–September Million € 2026 2025 +/- 2026 2025 +/- Sales to third parties 1,404 1,748 -19.7 % 6,718 7,150 -6.0 % of which Fungicides 470 604 -22.2 % 2,068 2,124 -2.6 % Herbicides 316 461 -31.3 % 2,023 2,230 -9.3 % Insecticides 237 266 -11.0 % 752 810 -7.2 % Seed Treatment 108 154 -29.7 % 380 411 -7.7 % Seeds & Traits 272 263 3.3 % 1,496 1,575 -5.0 % EBITDA before special items -48 80 . 1,501 1,700 -11.7 % Special items in EBITDA -30 -36 15.6 % -87 -114 23.8 % EBITDA -78 44 . 1,414 1,586 -10.8 % EBITDA margin before special items (%) -3.4 4.5 . 22.3 23.8 . Depreciation and amortizationa 128 132 -3.1 % 402 435 -7.5 % EBIT before special items -179 -53 -240.5 % 1,098 1,267 -13.3 % Special items in EBIT -27 -36 23.7 % -86 -116 25.8 % Income from operations (EBIT) -206 -88 -133.6 % 1,012 1,151 -12.1 % Investments including acquisitionsb 64 76 -15.9 % 321 217 47.6 % Segment cash flow 294 465 -36.9 % 14 299 -95.2 % Assets (September 30) 15,928 15,175 5.0 % 15,928 15,175 5.0 % Research and development expenses 218 249 -12.4 % 695 701 -0.9 % a Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments) b Additions to property, plant and equipment and intangible assets Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 Agricultural Solutions 24
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Other Q3 2026 At a glance €1,156 million -€140 million Sales EBITDA before special items Q3 2025: €828 million Q3 2025: -€73 million Sales in Other increased significantly compared with the prior-year quarter, mainly owing to higher sales in commodity and energy trading. EBITDA before special items in Other decreased compared with the prior-year quarter, partly due to higher additions to provisions for variable compensation components. EBITDA in Other included special expenses in the amount of €254 million in the third quarter of 2026, which mainly arose in connection with restructuring measures. Financial data – Other Q3 January–September Million € 2026 2025 +/- 2026 2025 +/- Sales to third parties 1,156 828 39.7 % 2,954 2,445 20.8 % EBITDA before special items -140 -73 -92.5 % -379 -460 17.7 % of which costs for cross-divisional corporate research -43 -50 13.9 % -132 -146 9.6 % costs of corporate headquarters -54 -58 5.3 % -178 -177 -0.5 % other businesses 107 98 8.9 % 221 188 17.4 % miscellaneous income and expenses -150 -64 -135.6 % -290 -326 10.9 % Special items in EBITDA -254 -182 -39.9 % -701 -660 -6.2 % EBITDA -395 -255 -55.0 % -1,080 -1,120 3.6 % Depreciation and amortizationa 24 64 -62.8 % 107 138 -22.4 % EBIT before special items -158 -127 -24.6 % -472 -588 19.8 % Special items in EBIT -260 -192 -35.7 % -715 -670 -6.7 % Income from operations (EBIT) -419 -319 -31.2 % -1,187 -1,259 5.7 % Investments including acquisitionsb 22 45 -52.3 % 71 110 -34.9 % Assets (September 30)c 16,247 17,107 -5.0 % 16,247 17,107 -5.0 % Research and development expenses 49 60 -18.7 % 141 189 -25.2 % a Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments) b Additions to property, plant and equipment and intangible assets c Includes assets of businesses recognized under Other and reconciliation to assets of the BASF Group Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 Other 25
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Selected Financial Data Statement of Income Q3 January–September Million € 2026 2025 2026 2025 Sales revenue 16,360 14,328 49,586 45,625 Cost of sales -12,811 -11,167 -37,550 -34,372 Gross profit on sales 3,549 3,161 12,036 11,253 Selling expenses -1,883 -1,869 -5,689 -5,635 General administrative expenses -278 -330 -885 -1,005 Research and development expenses -434 -489 -1,343 -1,447 Other operating income 365 600 1,239 1,217 Other operating expenses -1,450 -881 -3,366 -2,323 Income from integral companies accounted for using the equity method 32 40 108 -273 Income from operations (EBIT) -98 232 2,100 1,787 Income from non-integral companies accounted for using the equity method 91 46 34 -78 Income from other shareholdings 29 13 92 21 Expenses from other shareholdings -6 -6 -37 -12 Net income from shareholdings 113 53 89 -70 Interest income 94 75 247 238 Interest expenses -229 -221 -686 -657 Interest result -135 -146 -439 -419 Other financial income 119 44 182 191 Other financial expenses -41 -43 -95 -115 Other financial result 78 1 88 76 Financial result -57 -145 -352 -343 Income before income taxes -41 140 1,837 1,374 Income taxes 226 29 -180 -359 Income after taxes from continuing operations 184 169 1,657 1,016 Income after taxes from discontinued operations – 32 3,627 131 Income after taxes 184 202 5,284 1,147 of which attributable to shareholders of BASF SE (net income) 155 172 5,227 1,059 attributable to noncontrolling interests 29 30 57 87 Earnings per share from continuing operations (€) 0.67 0.01 1.66 0.89 Earnings per share from discontinued operations (€) – 0.03 4.16 0.13 Earnings per share (€) 0.18 0.19 6.00 1.19 Dilution effect (€) – – – – Diluted earnings per share (€) 0.18 0.19 6.00 1.19 Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 Statement of Income 26
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Balance Sheet Assets Million € September 30, 2026 December 31, 2025 / - September 30, 2025 Intangible assets 9,824 9,692 9,774 Property, plant and equipment 25,421 25,405 24,938 Integral investments accounted for using the equity method 3,158 1,746 1,751 Non-integral investments accounted for using the equity method 1,214 3,247 2,845 Other financial assets 1,047 1,055 1,115 Deferred tax assets 692 544 584 Receivables for income taxes 125 97 98 Other receivables and miscellaneous assets 3,254 2,702 2,248 Noncurrent assets 44,736 44,489 43,353 Inventories 14,382 12,168 13,003 Accounts receivable, trade 11,074 8,325 9,605 Receivables for income taxes 575 696 658 Other receivables and miscellaneous assets 5,012 3,762 3,449 Marketable securities 70 89 33 Cash and cash equivalents 4,051 2,670 1,859 Assets of disposal groups 45 3,973 4,481 Current assets 35,209 31,684 33,088 Total assets 79,944 76,174 76,441 Equity and liabilities Million € September 30, 2026 December 31, 2025 September 30, 2025 Subscribed capital 1,142 1,142 1,142 Capital reserves 3,131 3,131 3,139 Retained earnings 31,786 29,931 29,910 Other comprehensive income 590 -1,009 -1,430 Equity attributable to shareholders of BASF SE 36,649 33,194 32,761 Noncontrolling interests 1,083 1,143 1,153 Equity 37,732 34,338 33,914 Provisions for pensions and similar obligations 1,752 1,832 1,587 Deferred tax liabilities 968 953 878 Income tax provisions 247 401 327 Other provisions 1,802 1,854 1,715 Financial indebtedness 17,313 18,481 18,928 Other liabilities 1,839 1,903 1,843 Noncurrent liabilities 23,921 25,424 25,278 Accounts payable, trade 5,885 5,484 4,999 Provisions 4,528 3,693 3,945 Liabilities for income taxes 744 213 350 Financial indebtedness 3,459 2,608 3,855 Other liabilities 3,672 3,405 2,924 Liabilities of disposal groups 3 1,008 1,176 Current liabilities 18,291 16,411 17,249 Total equity and liabilities 79,944 76,174 76,441 Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 Balance Sheet 27
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Statement of Cash Flows Q3 January–September Million € 2026 2025 2026 2025 Net income 155 172 5,227 1,059 Depreciation and amortization of property, plant and equipment and intangible assetsa 1,305 1,029 3,263 2,991 Equity-accounted income -123 -85 -142 352 Gains (-) / losses (+) from the disposal of noncurrent assets as well as divestmentsb -2 -69 -2,724 -98 Other noncash items and reclassificationsb 23 -144 -1,536 -349 Dividends received from equity-accounted investments 51 239 941 386 Changes in inventories -507 6 -2,006 -654 Changes in accounts receivable, trade 714 822 -2,375 -757 Changes in accounts payable, trade -395 -507 269 -1,191 Changes in provisions 59 29 439 954 Changes in other operating assets -457 -385 -1,122 -918 Changes in other operating liabilities and pension provisions 271 265 589 201 Cash flows from operating activities 1,096 1,371 823 1,974 Payments made for property, plant and equipment and intangible assets -572 -973 -1,863 -2,842 Payments made for financial assets and securities -131 -176 -468 -1,227 Payments made for investments in equity instruments -3 -4 -36 -72 Payments made for acquisitions less acquired cash and cash equivalents 1 -1 -123 -1 Payments received from divestitures less transferred cash and cash equivalents as well as subsequent purchase price adjustments -21 162 5,539 161 Payments received from the disposal of noncurrent assets and securities 235 210 791 1,294 Payments received from the disposal of equity instruments 402 14 1,192 133 Cash flows from investing activities -89 -767 5,031 -2,553 Capital repayments and other equity transactions -273 – -1,418 – Additions to financial and similar liabilities 659 949 7,055 6,224 Repayment of financial and similar liabilities -5,099 -2,031 -8,312 -4,386 Dividends paid -64 -20 -2,030 -2,072 Cash flows from financing activities -4,777 -1,102 -4,705 -234 Cash-effective changes in cash and cash equivalents -3,770 -498 1,149 -813 Changes in cash and cash equivalents from foreign exchange rates and changes in the scope of consolidation 25 -5 84 -94 Cash and cash equivalents at the beginning of the periodc 7,796 2,517 2,818 2,921 Cash and cash equivalents at the end of the periodc 4,051 2,014 4,051 2,014 a This item includes depreciation and amortization, impairments and reversals of impairments. b For improved presentation of material effects, the item “Gains (-) / losses (+) from disposals of noncurrent assets” has been supplemented by the result from divestments. Previously, this result was included under “Other noncash items and reclassifications.” The prior-year figures were adjusted accordingly. For the period from January to September 2025, an amount of €80 million was reclassified, and for the third quarter of 2025, an amount of €67 million was reclassified. c As of December 31, 2025, September 30, 2025, and December 31, 2024, the cash and cash equivalents in the statement of cash flows differ from the value in the balance sheet due to the existence of disposal groups. Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 Statement of Cash Flows 28
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Reconciliation Tables of Various Earnings Indicators EBITDA before special items Q3 Million € 2026 2025 EBIT -98 232 – Special items -780 -301 EBIT before special items 681 533 + Depreciation and amortization 957 891 + Impairments and reversals of impairments on property, plant and equipment and intangible assets before special items 5 6 Depreciation, amortization, impairments and reversals of impairments on property, plant and equipment and intangible assets before special items 962 897 EBITDA before special items 1,643 1,430 Sales revenue 16,360 14,328 EBITDA margin before special items % 10.0 10.0 EBITDA Q3 Million € 2026 2025 EBIT -98 232 + Depreciation and amortization 957 891 + Impairments and reversals of impairments on property, plant and equipment and intangible assets 348 85 Depreciation, amortization, impairments and reversals of impairments on property, plant and equipment and intangible assets 1,305 976 EBITDA 1,206 1,207 Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 Reconciliation Tables of Various Earnings Indicators 29
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Adjusted earnings per share Q3 Million € 2026 2025 Income after taxes 184 202 − Special itemsa -781 -208 + Amortization, impairments and reversals of impairments on intangible assets 85 94 – Amortization, impairments and reversals of impairments on intangible assets contained in special items 0 – − Adjustments to income taxes 407 37 − Adjustments to income after taxes from discontinued operations – -32 Adjusted income after taxes 642 499 − Adjusted noncontrolling interests 22 34 Adjusted net income 620 464 Weighted average number of outstanding sharesb in thousands 859,222 892,522 Adjusted earnings per share € 0.72 0.52 a This includes special items in net income from shareholdings of -€1 million for the third quarter of 2026 and of €93 million for the third quarter of 2025. b The weighted average number of outstanding shares amounted to 859,222,207 in the third quarter of 2026 and 892,522,164 in the third quarter of 2025. For more information on the share buyback program, see Significant Events in this quarterly statement. Reconciliation of segment cash flow to free cash flow Q3 Million € 2026 2025 Segment cash flow 1,517 1,357 + Net income from shareholdings 113 53 + Financial result -57 -145 + Income taxesa 226 29 + Segment cash flow, net income from shareholdings, financial result and income taxes from discontinued operations – 119 – Income after taxes attributable to noncontrolling interests 29 30 + Changes in items included in segment cash flow that are recognized under Other, as well as other items presented in cash flows from operating activitiesb -1,247 -986 Free cash flow 523 398 a The value corresponds to the amount reported in the statement of income and does not represent a cash flow. b For more information on the composition of the items, see the BASF Report 2025, Our Steering Concept Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 Reconciliation Tables of Various Earnings Indicators 30
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Selected Key Figures Excluding Precious and Base Metals The IFRS figures correspond to the amounts presented in the Consolidated Financial Statements. The adjusted figures exclude sales from precious and base metal services as well as precious and base metal sales at Metivo and Battery Materials. BASF Group Q3 2026 2025 IFRS figure Adjusted figure IFRS figure Adjusted figure Sales million € 16,360 14,409 14,328 12,679 Factors influencing sales Volumes % 2.1 2.3 1.4 0.8 Prices % 11.7 11.1 -1.7 -4.6 Currencies % 1.7 1.8 -3.9 -3.6 Portfolio % -1.3 -1.5 1.0 1.0 EBITDA before special items million € 1,643 1,643 1,430 1,430 EBITDA margin before special items % 10.0 11.4 10.0 11.3 January–September 2026 2025 IFRS figure Adjusted figure IFRS figure Adjusted figure Sales million € 49,586 43,779 45,625 40,860 Factors influencing sales Volumes % 4.5 5.1 1.5 0.6 Prices % 7.0 4.8 -1.8 -2.9 Currencies % -1.9 -1.7 -2.3 -2.2 Portfolio % -1.0 -1.1 0.5 0.6 EBITDA before special items million € 6,448 6,448 5,521 5,521 EBITDA margin before special items % 13.0 14.7 12.1 13.5 Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 Selected Key Figures Excluding Precious and Base Metals 31
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Surface Technologies Q3 2026 2025 IFRS figure Adjusted figure IFRS figure Adjusted figure Sales million € 2,529 587 2,302 654 Factors influencing sales Volumes % 1.0 1.8 7.4 6.0 Prices % 12.8 5.1 16.6 -5.4 Currencies % 1.3 1.5 -6.6 -5.3 Portfolio % -5.2 -18.4 – – EBITDA before special items million € 201 201 328 328 EBITDA margin before special items % 7.9 34.2 14.3 50.2 January–September 2026 2025 IFRS figure Adjusted figure IFRS figure Adjusted figure Sales million € 7,560 1,782 6,846 2,088 Factors influencing sales Volumes % -0.3 -1.4 8.0 4.4 Prices % 19.1 5.8 6.2 -1.8 Currencies % -3.3 -2.3 -3.6 -4.2 Portfolio % -5.1 -16.6 – – EBITDA before special items million € 591 591 670 670 EBITDA margin before special items % 7.8 33.2 9.8 32.1 Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 Selected Key Figures Excluding Precious and Base Metals 32
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Reporting on 2026 Financial Year Feb. 26, 2027 Quarterly Statement Q1 2027 / Annual Shareholders’ Meeting 2027 Apr. 29, 2027 Half-Year Financial Report 2027 Jul. 30, 2027 Quarterly Statement Q3 2027 Nov. 03, 2027 Reporting on 2027 Financial Year Mar. 03, 2028 BASF supports the chemical industry’s global Responsible Care initiative. Contact General inquiries Phone: +49 621 60-0 Email: global.info@basf.com Media Relations Jens Fey, phone: +49 621 60-99123 Investor Relations Dr. Stefanie Wettberg, phone: +49 621 60-48002 Internet basf.com Further Information Published on October 28, 2026 You can find this and other BASF publications online at basf.com/publications Forward-looking statements and forecasts This quarterly statement contains forward-looking statements. These statements are based on current estimates and projections of the Board of Executive Directors and currently available information. Forward-looking statements are not guarantees of the future developments and results outlined therein. These are dependent on a number of factors; they involve various risks and uncertainties; and they are based on assumptions that may not prove to be accurate. We do not assume any obligation to update the forward- looking statements contained in this quarterly statement above and beyond the legal requirements. » Such risk factors include in particular those discussed in Opportunities and Risks of the BASF Report 2025. » The BASF Report is available online at basf.com/report. Key Figures at a Glance Business Review Selected Financial Data BASF Quarterly Statement Q3 2026 Further Information 33