# LINDE PLC (LIN) FY2025 Annual P&L / Income Statement - Company: LINDE PLC (LIN) - Period: 2025-01-01 to 2025-12-31 - Filing: FY2025 10-K, filed 2026-02-25, accession number 0001628280-26-011430 - Page: https://plicit.ai/financials/lin/fy2025-annual-income-statement - Chart image: https://plicit.ai/charts/lin-fy2025-annual-income-statement-sankey.png ## Chart details: Revenue by Business Segment by Sales Channel Income statement for 2025-01-01 through 2025-12-31. View: Segments by Contract with Customer, Sales Channel. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Sales**: 33,986,000,000 US dollars - **Cost of revenue (calculated)**: 17,389,000,000 US dollars - **Gross profit (calculated)**: 16,597,000,000 US dollars - **Operating costs, including other operating expenses (calculated)**: 7,674,000,000 US dollars - **Operating Profit**: 8,923,000,000 US dollars - **Other income (expense), net (calculated)**: negative 26,000,000 US dollars - **Income Before Income Taxes and Equity Investments**: 8,897,000,000 US dollars - **Income taxes**: 1,989,000,000 US dollars - **Net Income – Linde plc**: 6,898,000,000 US dollars - **APAC Segment - Merchant**: 2,213,000,000 US dollars - **APAC Segment - On-Site**: 2,789,000,000 US dollars - **APAC Segment - Other**: 261,000,000 US dollars - **APAC Segment - Packaged Gas**: 1,398,000,000 US dollars - **Americas - Merchant**: 4,892,000,000 US dollars - **Americas - On-Site**: 3,609,000,000 US dollars - **Americas - Other**: 247,000,000 US dollars - **Americas - Packaged Gas**: 6,460,000,000 US dollars - **EMEA Segment - Merchant**: 2,860,000,000 US dollars - **EMEA Segment - On-Site**: 1,685,000,000 US dollars - **EMEA Segment - Other**: 34,000,000 US dollars - **EMEA Segment - Packaged Gas**: 3,970,000,000 US dollars - **Engineering - Merchant**: 0 US dollars - **Engineering - On-Site**: 0 US dollars - **Engineering - Other**: 2,250,000,000 US dollars - **Engineering - Packaged Gas**: 0 US dollars - **Other - Merchant**: 194,000,000 US dollars - **Other - On-Site**: 0 US dollars - **Other - Other**: 1,099,000,000 US dollars - **Other - Packaged Gas**: 25,000,000 US dollars - **Cost of sales, exclusive of depreciation and amortization**: 17,389,000,000 US dollars - **Selling, general and administrative**: 3,433,000,000 US dollars - **Depreciation and amortization**: 3,763,000,000 US dollars - **Research and development**: 147,000,000 US dollars - **Cost reduction program and other charges**: 273,000,000 US dollars - **Other income (expense) - net**: 58,000,000 US dollars - **Add: Noncontrolling interests**: negative 160,000,000 US dollars. Reported below-tax contribution to net income. - **Income from equity investments**: 150,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/lin/fy2025-annual-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/lin-fy2025-annual-revenue-by-business-segment-sankey.png Income statement for 2025-01-01 through 2025-12-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Sales**: 33,986,000,000 US dollars - **Cost of revenue (calculated)**: 17,389,000,000 US dollars - **Gross profit (calculated)**: 16,597,000,000 US dollars - **Operating costs, including other operating expenses (calculated)**: 7,674,000,000 US dollars - **Operating Profit**: 8,923,000,000 US dollars - **Other income (expense), net (calculated)**: negative 26,000,000 US dollars - **Income Before Income Taxes and Equity Investments**: 8,897,000,000 US dollars - **Income taxes**: 1,989,000,000 US dollars - **Net Income – Linde plc**: 6,898,000,000 US dollars - **Americas**: 15,208,000,000 US dollars - **EMEA Segment**: 8,549,000,000 US dollars - **APAC Segment**: 6,661,000,000 US dollars - **Engineering**: 2,250,000,000 US dollars - **Other**: 1,318,000,000 US dollars - **Cost of sales, exclusive of depreciation and amortization**: 17,389,000,000 US dollars - **Selling, general and administrative**: 3,433,000,000 US dollars - **Depreciation and amortization**: 3,763,000,000 US dollars - **Research and development**: 147,000,000 US dollars - **Cost reduction program and other charges**: 273,000,000 US dollars - **Other income (expense) - net**: 58,000,000 US dollars - **Add: Noncontrolling interests**: negative 160,000,000 US dollars. Reported below-tax contribution to net income. - **Income from equity investments**: 150,000,000 US dollars. Reported below-tax contribution to net income. - **Americas costs (calculated)**: 10,461,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **EMEA Segment costs (calculated)**: 5,494,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **APAC Segment costs (calculated)**: 4,728,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Engineering costs (calculated)**: 1,842,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Other costs (calculated)**: 1,324,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Reconciling items (calculated)**: 1,214,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. ## Chart details: Revenue by Sales Channel - Page: https://plicit.ai/financials/lin/fy2025-annual-income-statement/revenue-by-sales-channel - Chart image: https://plicit.ai/charts/lin-fy2025-annual-revenue-by-sales-channel-sankey.png Income statement for 2025-01-01 through 2025-12-31. View: Contract with Customer, Sales Channel. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Sales**: 33,986,000,000 US dollars - **Cost of revenue (calculated)**: 17,389,000,000 US dollars - **Gross profit (calculated)**: 16,597,000,000 US dollars - **Operating costs, including other operating expenses (calculated)**: 7,674,000,000 US dollars - **Operating Profit**: 8,923,000,000 US dollars - **Other income (expense), net (calculated)**: negative 26,000,000 US dollars - **Income Before Income Taxes and Equity Investments**: 8,897,000,000 US dollars - **Income taxes**: 1,989,000,000 US dollars - **Net Income – Linde plc**: 6,898,000,000 US dollars - **Merchant**: 10,159,000,000 US dollars - **On-Site**: 8,083,000,000 US dollars - **Packaged Gas**: 11,853,000,000 US dollars - **Other**: 3,891,000,000 US dollars - **Cost of sales, exclusive of depreciation and amortization**: 17,389,000,000 US dollars - **Selling, general and administrative**: 3,433,000,000 US dollars - **Depreciation and amortization**: 3,763,000,000 US dollars - **Research and development**: 147,000,000 US dollars - **Cost reduction program and other charges**: 273,000,000 US dollars - **Other income (expense) - net**: 58,000,000 US dollars - **Add: Noncontrolling interests**: negative 160,000,000 US dollars. Reported below-tax contribution to net income. - **Income from equity investments**: 150,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. ## Chart details: Revenue by Geography - Page: https://plicit.ai/financials/lin/fy2025-annual-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/lin-fy2025-annual-revenue-by-geography-sankey.png Income statement for 2025-01-01 through 2025-12-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Sales**: 33,986,000,000 US dollars - **Cost of revenue (calculated)**: 17,389,000,000 US dollars - **Gross profit (calculated)**: 16,597,000,000 US dollars - **Operating costs, including other operating expenses (calculated)**: 7,674,000,000 US dollars - **Operating Profit**: 8,923,000,000 US dollars - **Other income (expense), net (calculated)**: negative 26,000,000 US dollars - **Income Before Income Taxes and Equity Investments**: 8,897,000,000 US dollars - **Income taxes**: 1,989,000,000 US dollars - **Net Income – Linde plc**: 6,898,000,000 US dollars - **UNITED STATES**: 12,182,000,000 US dollars - **CHINA**: 2,600,000,000 US dollars - **GERMANY**: 2,432,000,000 US dollars - **UNITED KINGDOM**: 1,510,000,000 US dollars - **AUSTRALIA**: 1,287,000,000 US dollars - **MEXICO**: 1,391,000,000 US dollars - **BRAZIL**: 1,325,000,000 US dollars - **Other – non-U.S.**: 11,259,000,000 US dollars - **Cost of sales, exclusive of depreciation and amortization**: 17,389,000,000 US dollars - **Selling, general and administrative**: 3,433,000,000 US dollars - **Depreciation and amortization**: 3,763,000,000 US dollars - **Research and development**: 147,000,000 US dollars - **Cost reduction program and other charges**: 273,000,000 US dollars - **Other income (expense) - net**: 58,000,000 US dollars - **Add: Noncontrolling interests**: negative 160,000,000 US dollars. Reported below-tax contribution to net income. - **Income from equity investments**: 150,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.