v3.25.4
Income from operations (Tables)
 12 Months Ended
Dec. 31, 2025
Income from operations [Abstract]  
Sales and costs by nature A breakdown by nature of the income (loss) from operations is:
Philips Group
Sales and costs by nature in millions of EUR
2025
2024
2023
Sales
17,834
18,021
18,169
Costs of materials used
(4,120)
(4,213)
(4,626)
Employee benefit expenses
(6,681)
(6,641)
(6,903)
Depreciation and amortization ¹
(1,125)
(1,390)
(1,261)
Shipping and handling
(585)
(623)
(668)
Advertising and promotion
(794)
(791)
(700)
Lease expenses
(43)
(54)
(51)
Other operational costs
(3,097)
(3,351)
(3,535)
Other business income (expenses)
36
(429)
(540)
Income from operations
1,424
529
(115)
1Includes impairments. For impairment values please refer to Property, plant and equipment and Intangible assets excluding
goodwill.
Sales composition Philips Group
Sales composition in millions of EUR
2025
2024
2023
Goods
12,089
12,198
12,419
Services
4,938
5,003
4,926
Royalties
434
466
434
Total sales from contracts with customers
17,461
17,667
17,779
Sales from other sources
373
354
390
Total sales
17,834
18,021
18,169
Disaggregation of Sales per segment Philips Group
Disaggregation of sales per segment in millions of EUR
Sales at a point
in time
Sales over time
Total sales from
contracts with
customers
Sales from other
sources
Total sales
2025
Diagnosis & Treatment
5,286
3,157
8,443
88
8,531
Connected Care
3,042
1,749
4,792
284
5,076
Personal Health
3,659
13
3,672
1
3,673
Other
232
322
554
-
554
Philips Group
12,219
5,241
17,461
373
17,834
2024
Diagnosis & Treatment
5,655
3,070
8,725
65
8,790
Connected Care
2,959
1,886
4,845
289
5,134
Personal Health
3,471
15
3,486
-
3,486
Other
300
311
611
-
611
Philips Group
12,385
5,282
17,667
354
18,021
2023
Diagnosis & Treatment
5,768
2,980
8,749
76
8,825
Connected Care
2,970
1,854
4,824
314
5,138
Personal Health
3,586
16
3,602
-
3,602
Other
245
360
604
-
604
Philips Group
12,569
5,210
17,779
390
18,169
Disaggregation of Sales per geographic area Philips Group
Disaggregation of sales per geographic area in millions of EUR
Sales at a point
in time
Sales over time
Total sales from
contracts with
customers
Sales from other
sources
Total sales
2025
Western Europe
2,606
1,291
3,897
24
3,921
North America
4,945
2,478
7,423
119
7,542
Other mature geographies
798
425
1,223
229
1,452
Mature geographies
8,349
4,194
12,543
372
12,915
Growth geographies
3,870
1,047
4,917
1
4,919
Sales
12,219
5,241
17,461
373
17,834
2024
Western Europe
2,698
1,254
3,951
28
3,978
North America
4,958
2,602
7,560
93
7,655
Other mature geographies
893
401
1,294
231
1,526
Mature geographies
8,549
4,256
12,805
353
13,159
Growth geographies
3,836
1,026
4,861
1
4,863
Sales
12,385
5,282
17,667
354
18,021
2023
Western Europe
2,552
1,221
3,770
49
3,819
North America
4,859
2,608
7,470
92
7,562
Other mature geographies
980
398
1,378
248
1,626
Mature geographies
8,392
4,227
12,618
389
13,007
Growth geographies
4,177
984
5,161
1
5,162
Sales
12,569
5,210
17,779
390
18,169
Employee benefit expenses Philips Group
Employee benefit expenses in millions of EUR
2025
2024
2023
Salaries and wages excluding share-based compensation
5,369
5,356
5,635
Share-based compensation
148
104
97
Post-employment benefit costs
371
388
402
Other social security and similar charges:
Required by law
582
580
567
Voluntary
211
211
202
Employee benefit expenses
6,681
6,641
6,903
Employees by category The number (full-time equivalents, or FTEs) of employees by category at year-end is summarized as:
Philips Group
Employees by category in FTEs as of December 31
2025
2024
2023
Production
28,167
27,478
28,640
Research & development
10,248
10,843
12,035
Other
26,402
27,795
26,818
Philips Employees
64,817
66,116
67,493
Third-party workers
1,585
1,708
2,163
Total
66,401
67,823
69,656
Employees by geographical location Philips Group
Employees by geographical location in average FTEs
2025
2024
2023
Netherlands
8,342
8,844
9,794
Other countries
58,691
60,113
62,471
Total
67,033
68,956
72,264
Depreciation and amortization Depreciation of property, plant and equipment and amortization of intangible assets, including impairments,
are:
Philips Group
Depreciation and amortization 1 in millions of EUR
2025
2024
2023
Depreciation of property, plant and equipment
602
696
689
Amortization of software
104
102
98
Amortization of acquired intangible assets
240
392
290
Amortization of development costs
178
199
184
Depreciation and amortization
1,125
1,390
1,261
1Includes impairments. For impairment values please refer to Property, plant and equipment and Intangible assets excluding
goodwill.
Audit and audit-related fees The accompanying table shows the fees attributable to the fiscal years 2025, 2024 and 2023 for services
rendered by the external auditors.
Philips Group
Audit and audit-related fees in millions of EUR
2025
2024
PwC NL ¹
PwC
Network
Total
EY NL ²
EY
Network
Total
Audit fees
6.5
6.2
12.7
9.5
5.5
15.0
consolidated financial statements
6.5
2.9
9.4
9.5
3.0
12.5
statutory financial statements
-
3.3
3.3
-
2.5
2.5
Audit-related fees ³
1.3
-
1.3
1.9
0.3
2.2
sustainability assurance
1.3
-
1.3
1.6
-
1.6
other
0.1
-
0.1
0.3
0.3
0.6
Tax fees
-
-
-
-
-
-
All other fees
-
-
-
-
-
-
Fees
7.8
6.2
14.0
11.4
5.8
17.2
1PricewaterhouseCoopers Accountants N.V.
2EY Accountants B.V.
3Also known as Assurance fees
Other business income (expenses) Other business income (expenses) consists of:
Philips Group
Other business income (expenses) in millions of EUR
2025
2024
2023
Result on disposal of businesses:
income
2
27
50
expenses
(27)
(14)
-
Result on disposal of fixed assets:
income
3
3
12
expenses
(2)
-
(1)
Result on other remaining businesses:
income
82
560
49
expenses
(21)
(1,005)
(643)
Impairment of goodwill
-
-
(8)
Other business income (expenses)
36
(429)
(540)
Total other business income
87
590
112
Total other business expenses
(51)
(1,019)
(652)