BASF to begin share buyback program in November 2025

• Own shares with a volume of up to €1.5 billion to be repurchased from November 2025 until June 2026
• Program is part of the €4 billion share buyback announced in September 2024 until the end of 2028
• Repurchased shares to be cancelled, reducing the share capital accordingly

In view of cash proceeds already received and further proceeds expected, particularly from portfolio measures, the Board of Executive Directors of BASF SE has today, October 28, 2025, resolved on a share buyback program. The program, which has a volume of up to €1.5 billion, is scheduled to start in November 2025 and be concluded by the end of June 2026. It is part of the share buyback announced at the Capital Markets Day in September 2024, with a total volume of €4 billion until the end of 2028. BASF SE will cancel all repurchased shares and reduce the share capital accordingly.

The share buyback program is based on the authorization granted by the Annual Shareholders’ Meeting of BASF SE on April 29, 2022, authorizing the Board of Executive Directors to purchase up to 10 percent of the issued shares at the time of the resolution (10 percent of the company’s share capital) until April 28, 2027. The purchase shall be conducted making use of the safe-harbor exemption for buyback programs in accordance with Article 5 of the EU Market Abuse Regulation (MAR).

In the mid term, BASF is committed to keeping the overall distribution to shareholders at least on the level of the last years through a combination of dividends and share buybacks. In this way, BASF aims to distribute at least €12 billion to shareholders from 2025 to 2028. Specifically, the company strives to pay a dividend of at least €2.25 per share or around €2 billion per year. The aggregate dividend payment of around €8 billion in the four-year period will be complemented by share buybacks in the amount of at least €4 billion. These share buybacks were originally scheduled to begin by 2027 at the latest. Part of them will now be brought forward.

Through the share buyback, available capital will be returned to shareholders, the company’s capital structure optimized and earnings per share increased. BASF will also reduce net debt to strengthen its balance sheet. The maturity profile of outstanding bonds will allow considerable deleveraging in 2026.

BASF continues to strive for a single A credit rating, which ensures unrestricted access to financial and capital markets. The company currently has a rating of A/F1/outlook stable from Fitch, of A3/P-2/outlook stable from Moody’s and A-/A-2/outlook stable from Standard & Poor’s.

About BASF

At BASF, we create chemistry for a sustainable future. Our ambition: We want to be the preferred chemical company to enable our customers’ green transformation. We combine economic success with environmental protection and social responsibility. Around 112,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises, as core businesses, the segments Chemicals, Materials, Industrial Solutions, and Nutrition & Care; our standalone businesses are bundled in the segments Surface Technologies and Agricultural Solutions. BASF generated sales of €65.3 billion in 2024. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States. Further information at www.basf.com.

Forward-looking statements and forecasts

This release contains forward-looking statements. These statements are based on current estimates and projections of the Board of Executive Directors and currently available information. Forward-looking statements are not guarantees of the future developments and results outlined therein. These are dependent on a number of factors; they involve various risks and uncertainties; and they are based on assumptions that may not prove to be accurate. BASF does not assume any obligation to update the forward-looking statements contained in this release above and beyond the legal requirements.

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