Annual Report

The report presents Philips' 2025 performance as a year of steady financial delivery, with sales of EUR 17,834 million and a year-end workforce of 65,340 employees. It highlights validation of the company's science-based net-zero target and continued carbon-neutral operations, alongside progress in circular revenues and renewable energy. Philips reports that it improved the lives of 2 billion people, including 253 million in underserved communities. The report also includes an integrated sustainability statement prepared in accordance with ESRS and extensive external assurance.