FY2026 Forecast

Philips maintained its FY2026 outlook: comparable sales growth 3 %‑4.5 %; adjusted EBITA margin 13.5 %‑14.0 % (including a tariff‑refund benefit of ~1 %) and 12.5 %‑13.0 % excluding the benefit. Net debt stood at €5.7 billion with a leverage ratio of 1.8×. The company completed its 2025 dividend payout in Q2 2026 at a 43.8 % payout ratio and reiterated its commitment to a strong balance sheet and growth investment.