Air Liquide FY revenue EUR26.94B, est. EUR27.07B

Air Liquide FY revenue EUR26.94B, est. EUR27.07B

Air Liquide Reports FY 2025 Revenue of EUR26.94 Billion, Slightly Below Estimates

Air Liquide (EPA:AI) announced full-year 2025 revenue of EUR26.94 billion, falling short of the estimated EUR27.07 billion forecast by analysts. While the company did not provide a detailed earnings breakdown in publicly available materials, its long-term financial strategies and shareholder-focused policies remain a cornerstone of its corporate strategy.

The company's dividend policy, a key component of its investor relations framework, has historically emphasized stability and growth. For over a decade, Air Liquide has maintained a payout ratio of approximately 55% of group net profit, with dividends rising consistently over the past 30 years. This approach aligns with its commitment to long-term shareholders, supported by mechanisms such as loyalty bonuses and free share attributions. Shareholders holding registered shares for more than two years are eligible for a 10% dividend boost and additional free shares, incentivizing sustained investment.

Air Liquide's shareholder structure further underscores its emphasis on long-term value creation. Nearly 900,000 individual shareholders own approximately 33% of the company's capital, reflecting a strong base of retail investor support. The firm's Total Shareholder Return (TSR) metrics highlight its performance relative to broader markets: over 10 years through December 2024, registered shares delivered an average annual TSR of 11.61%, outpacing the CAC 40's 8.8%.

Despite the FY 2025 revenue shortfall, Air Liquide's focus on dividend discipline, shareholder incentives, and capital efficiency continues to position it as a defensive play in the industrial gases sector. Investors may look to the company's universal registration document and future earnings communications for deeper insights into operational performance and strategic priorities.

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