Statement of Income

Quarterly Statement Q1 2024

Million €	2024	2023	+/–
Sales revenue	17,553	19,991	-12.2%
Cost of sales	-12,604	-14,744	14.5%
Gross profit on sales	4,949	5,247	-5.7%

Selling expenses	-2,122	-2,231	4.9%
General administrative expenses	-371	-366	-1.5%
Research and development expenses	-490	−538	8.8%
Other operating income	384	310	23.8%
Other operating expenses	-711	-636	-11.8%
Income from integral companies accounted for using the equity method	51	80	-36.1%
Income from operations (EBIT)	1,689	1,867	-9.5%

Income from non-integral companies accounted for using the equity method	216	179	20.8%
Income from other shareholdings	27	18	48.7%
Expenses from other shareholdings	-13	-14	6.1%
Net income from shareholdings	229	183	25.6%

Interest income	93	60	55.7%
Interest expenses	-219	-179	-22.4%
Interest result	-126	-119	-5.7%
Other financial income	40	33	19.9%
Other financial expenses	-60	-32	-84.8%
Other financial result	-20	1	.
Financial result	-146	-119	-23.3%

Income before income taxes	1,772	1,930	-8.2%
Income taxes	-362	-326	-10.8%
Income after taxes	1,411	1,604	-12.1%
of which attributable to shareholders of BASF SE (net income)	1,368	1,562	-12.4%
of which attributable to noncontrolling interests	43	42	1.5%

Basic earnings per share (€)	1.53	1.75	-12.4%
Diluted earnings per share (€)	1.53	1.75	-12.4%