International Flavors & Fragrances said sales in Q3 2025 were $2.694 billion, down $231 million (8%) from $2.925 billion in the prior-year period. On a comparable currency neutral basis, sales remained flat compared to the prior-year period, with divestitures accounting for approximately $282 million.

1. 01

   International Flavors & Fragrances said sales in Q3 2025 were $2.694 billion, down $231 million (8%) from $2.925 billion in the prior-year period. On a comparable currency neutral basis, sales remained flat compared to the prior-year period, with divestitures accounting for approximately $282 million.

2. 02

   The company said gross profit in Q3 2025 was $983 million (36.5% of sales), down from $1.052 billion (36.0% of sales) in the prior-year period. Selling and administrative expenses decreased to $421 million, down $74 million, while research and development expenses increased to $174 million, up $12 million.

3. 03

   International Flavors & Fragrances recognized a loss on assets classified as held for sale of $108 million in Q3 2025 related to the Soy Crush, Concentrates & Lecithin business, and restructuring and other charges were $16 million. The effective tax rate was 26.8% compared to 37.9% in the prior-year period.

4. 04

   The company said as of September 30, 2025, there were no outstanding borrowings under its $2 billion Revolving Credit Facility, and the ratio of net debt to adjusted EBITDA was 2.53 to 1.0. The principal balance of senior unsecured notes was $5.636 billion.

Key figures

Quarter ended September 30, 2025

Revenue

$2.7B

Operating income

$226M

Net income

$40M

EPS

$0.16

Gross profit

$983M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.