In 2025, the global economy was dominated by ongoing geopolitical tension and trade conflicts. Nevertheless, all major stock market indices performed well, with some recording double-digit percentage gains since the end of 2024.
The DAX40, Germany’s benchmark index, recorded its best year since 2019, with a year-over-year increase of around 23 percent. German Mid Caps, too, performed positively overall. The MDAX rose by around 20 percent over the course of the year compared to the end of 2024.
WACKER share performance in 2025 (indexed to 100)1
Wacker Chemie AG’s shares saw a largely stable performance in 2025. At the start of 2025, WACKER stock stood at €70.04 (year-end closing price on December 30, 2024). After a weak start to the year, the stock declined by about 13 percent and it traded at just under €61 in mid-January. The share price then bounced back, with very high trading volumes in some cases and rose to its year high of €87.18 (closing price on March 18, 2025). With the increasing tariff-related uncertainty, the unclear market-access restrictions for solar-grade polysilicon in the US and the downward trend for incoming orders in the chemical industry, the share price subsequently fell to its year low of €59.50 on April 9, 2025. Over the course of the year, the share price fluctuated largely in a range between €60 and €70. Despite the revision of the full-year 2025 guidance on July 18, 2025, the share price trend remained stable. WACKER stock closed trading at the end of the year at €69.35 on December 30, 2025. This was down 1 percent compared to the end of the previous year and corresponded to a market capitalization of around €3.45 billion.
The performance of WACKER’s share price reflected persistently challenging market conditions.
Proposal on the appropriation of net retained profit
In accordance with regulations under commercial law, Wacker Chemie AG posts a net retained profit of €814.8 million for 2025. The Executive and Supervisory Boards will propose to the Annual Shareholders’ Meeting that no dividend be distributed, since a negative result was posted for 2025.
€ |
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20251 |
|
2024 |
|
2023 |
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Dividend |
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0.00 |
|
2.50 |
|
3.00 |
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Dividend yield (%)2 |
|
0.0 |
|
2.6 |
|
2.3 |
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Volume-weighted average share price |
|
67.68 |
|
94.83 |
|
131.56 |
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Net result for the year after taxes (attributable to WACKER’s shareholders) (million) |
|
-821.1 |
|
241.0 |
|
313.6 |
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Dividend payout (million) |
|
0.0 |
|
124.2 |
|
149.0 |
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Distribution ratio (%)3 |
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n.a. |
|
51.5 |
|
47.5 |
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Market capitalization (as of December 31, 2025)
WACKER’s year-end market capitalization based on shares outstanding was €3.45 billion (December 31, 2024: €3.48 billion).
Trading volume
In the reporting year, the average daily trading volume for WACKER stock on Xetra, Germany’s regional exchanges, Tradegate and Quotrix was approximately 176,868 shares, which was about 35 percent higher than the prior-year figure of 131,262 shares. Average daily turnover for the shares, however, was €11.97 million, down slightly year over year (2024: €12.41 million).
€ |
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Year-high (on March 18, 2025) |
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87.18 |
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|---|---|---|---|---|---|---|---|
Year-low (on Apr. 9, 2025) |
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59.50 |
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Year-end closing price (on Dec. 30, 2024) |
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70.04 |
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Year-end closing price (on Dec. 30, 2025) |
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69.35 |
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Performance for the year (without dividend) |
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-1 |
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Year-end market capitalization (shares outstanding; prior year 3.48) (billion) |
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3.45 |
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Average daily trading volume1 (prior year: 12.41) (million) |
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11.97 |
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Earnings per share from continuing operations (prior year: 4.85) |
|
-16.53 |
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Dividend per share (proposal) |
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0.00 |
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Dividend yield2 (%) |
|
n.a. |
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Shareholder structure
Wacker Chemie AG’s largest shareholder remains Dr. Alexander Wacker Familiengesellschaft mbH, Munich. It held over 50 percent of the voting shares in Wacker Chemie AG in 2025, as in the previous year. Blue Elephant Holding GmbH (Bad Wiessee, Germany) had no voting-share changes to report in 2025 either, with its holding in Wacker Chemie AG remaining at over 10 percent.
Shareholder structure
ISIN |
|
DE000WCH8881 |
|---|---|---|
WKN |
|
WCH888 |
Frankfurt Stock Exchange |
|
WCH |
Bloomberg |
|
CHM/WCH.GR |
Reuters |
|
CHE/WCHG.DE |
Initial public offering |
|
April 10, 2006 |
Capital stock |
|
€260,763,000 |
Trading segment |
|
Regulated market (Prime Standard), |
Category of shares |
|
Bearer shares |
Number of shares (Dec. 31, 2025) |
|
52,152,600 |
Number of shares outstanding |
|
49,677,983 |
Paying agent |
|
Deutsche Bank, Frankfurt/Main |
WACKER communicates closely with capital markets
Key elements of corporate strategy are sustainability and a focus on specialty chemicals. These priorities are reinforced through continuous and open communication with institutional investors, private investors and analysts.
At the end of 2025, 19 analysts were covering WACKER (2024: 18 analysts). The consensus price target of analysts for WACKER stock declined during the year. At the beginning of the year, the average price target for WACKER stock was €113.72 (18 estimates, December 2024). At the end of 2025, the average price target was €68.21 (19 estimates), about 40 percent lower than at the beginning of the year.
Banks and investment firms covering and rating WACKER
Baader Europe/Alphavalue
Bank of America
Barclays
Berenberg
Citigroup
Deutsche Bank
DZ Bank
Exane BNP Paribas
HSBC
Jefferies International
J.P. Morgan
Kepler Chevreux
Landesbank Baden-Württemberg
Metzler Bank
MWB Research
Morgan Stanley
Oddo BHF
UBS AG
Warburg Research
On our website, we regularly report consensus analyst expectations for the current year. Moreover, our website offers extensive information on WACKER stock. In addition to the Annual Report, other financial reports, a Fact Book, presentations and publications (viewable online or downloadable), our website lists all our key financial-calendar dates and contact persons.
Discover our financial calendar online