Linde Reports Second-Quarter 2025 Financial Results

Linde plc announced its financial results for the second quarter of 2025, reporting a net income of $1,766 million and a diluted EPS of $3.73, up 6% and 8% year-over-year respectively. Adjusted net income stood at $1,937 million, a 4% increase. Total sales reached $8.5 billion, marking a 3% rise compared to the same period last year, with underlying sales growth of 1% driven by price gains, despite a downturn in volumes.

The company's operating cash flow saw a significant boost, rising 15% to $2.2 billion. Linde's adjusted operating profit was $2.6 billion, reflecting a 6% increase, with margins improving by 80 basis points. The firm returned $1.8 billion to shareholders via dividends and stock buybacks. Linde's project backlog is expected to provide substantial growth, underscoring its strategic focus on the electronics and clean energy markets.

CEO Sanjiv Lamba highlighted the importance of resilience in the face of a "muted industrial economy" and affirmed Linde's plans to maintain shareholder value amidst macroeconomic uncertainties. For Q3 2025, Linde forecasts its adjusted EPS to range between $4.10 and $4.20, anticipating a year-over-year increase of up to 7%.