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Report 2025
Welcome to our 2025 annual report, which provides in-depth analysis of the company’s financial results and key business developments during the year. Extensive coverage of our sustainability performance is also included.
Message from the CEO
“2025 was a banner year of operational execution – and a strategic turning point – as our drive to build a stronger AkzoNobel culminated in a proposed merger which will take us back to the forefront of the coatings industry. The business challenges were considerable. We therefore doubled down on the levers within our control, accelerating our self-help agenda and translating those actions into tangible and structural improvements in our performance.”
* Alternative Performance Measure (APM). AkzoNobel uses APM adjustments to the IFRS measures to provide supplementary information on the reporting of the underlying developments of the business. APMs include, but are not limited to, adjusted operating income, (adjusted) EBITDA, adjusted earnings per share, ROS and ROI. A reconciliation of the Alternative Performance Measures to the most directly comparable IFRS measures can be found in Note 3 of the Consolidated financial statements in our Report 2025.
Download our Report 2025
Our Report 2025 can be downloaded in two formats. The PDF of our annual report is derived from the official version of the company’s Report 2025. The European Single Electronic Filing format (the ESEF reporting package) is the official version. In case of discrepancies between the PDF version and the ESEF reporting package, the latter prevails.
Annual report archive
If you want to read more of our annual reports, you can visit the online archive. It contains every AkzoNobel annual report that has been published since 1969.
Sustainability reporting
We have a long history of transparent reporting with regard to our environmental, social and governance (ESG) performance, which is included every year in our annual report. Accurate and robust data on our sustainability performance helps us make decisions, monitor performance and report progress to our stakeholders. The Sustainability section in our Report 2025 has been expanded to align with the requirements of the Corporate Sustainability Reporting Directive (CSRD).
Want to learn more about our annual report?
If you have questions about our annual report or want to give feedback, feel free to contact the team at:
The annual report presented on this website, including the PDF version, is derived from the official version of the company’s Report 2025. The European Single Electronic Filing format (the ESEF reporting package) is the official version. The ESEF reporting package is available above. In case of any discrepancies between the website, the PDF version and the ESEF reporting package, the latter prevails. The auditor’s report and assurance report of the independent auditor included in the PDF version on this website relate only to the ESEF reporting package.
