Overall Statement by the Executive Board on Underlying Conditions

Global economic trends in 2025 were dominated by the effects of the war in Ukraine, geopolitical tensions and trade policy conflicts. WACKER, like the entire chemical industry, was impacted in 2025 by extensive inventory adjustments in the supply chain and by the weak economy still slowing customer order trends.

Adverse underlying conditions dampened WACKER’s performance. In 2025, the company’s sales and earnings were below prior-year figures. The declines were mainly due to lower plant-utilization rates and lower volumes and prices in some cases.