Air Liquide's 2025 profit rose 6.4% to €3.52B, revenue up 2% to €26.94B, with a 12% dividend hike and margin growth outlook.

Air Liquide reported a 6.4% rise in 2025 net profit to 3.52 billion euros, with revenue up 2% on a comparable basis to 26.94 billion euros, driven by growth in its core gas and services businesses. Despite missing analyst forecasts for profit and revenue, the company achieved a 20.7% operating margin excluding energy effects and announced a 12% dividend increase to 3.70 euros per share, along with a free share offer. It expects a 100 basis point operating margin improvement in 2026 and another in 2027, aiming for a 560 basis point cumulative gain from 2022 to 2027.