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flag Philips reports its first annual profit since 2021, driven by cost cuts and strong sales, with growth expected in 2026.

flag Philips reported its first annual profit since 2021, posting a 897 million euro net profit for 2025, driven by strong quarterly results and cost-cutting efforts following a major recall of its DreamStation sleep apnea machines. flag The company expects 3.0% to 4.5% sales growth in 2026, led by North America, while China sales are projected to remain flat. flag Despite rising U.S. tariffs and ongoing challenges, Philips says mitigation strategies will offset increased costs. flag The company reduced its workforce to 64,817 employees and plans to reappoint CEO Roy Jakobs, citing progress in its recovery.

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