Adidas AG (ADS)

Index:

Xetra DAX

  166.00
   
  • Change Today:
     -0.60
  • 52 Week High:  219.50
  • 52 Week Low:  130.85
  • Currency: Euro
  • Shares Issued: 164.58m
  • Volume: 46,392
  • Market Cap:  27,320m

Fundamentals - based on IFRS

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Income Statement 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Continuing Operations          
Revenue 24,811.00 23,683.00 21,427.00 22,511.00 21,234.00
Operating Profit/(Loss) 2,056.00 1,337.00 268.00 669.00 1,986.00
Profit Before Tax 1,820.00 1,121.00 65.00 388.00 1,852.00
Profit After Tax 1,377.00 824.00 (58.00) 254.00 1,492.00
           
Earnings per Share - Basic 746.00¢ 424.00¢ (67.00¢) 334.00¢ 7.54¢
Earnings per Share - Adjusted 746.00¢ 424.00¢ (67.00¢) 334.00¢ 7.54¢
           
Dividend per Share 280.00¢ 200.00¢ 70.00¢ 70.00¢ 3.33¢
    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Balance Sheet 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Assets          
Non-Current Assets          
Property, Plant & Equipment 4,578.00 4,912.00 4,404.00 4,944.00 4,825.00
Intangible Assets 1,646.00 1,701.00 1,680.00 1,689.00 1,580.00
Other Non-Current Assets 2,061.00 2,138.00 2,127.00 1,930.00 1,788.00
  8,285.00 8,751.00 8,211.00 8,563.00 8,193.00
Current Assets          
Inventories 5,832.00 4,989.00 4,525.00 5,973.00 4,009.00
Cash at Bank & in Hand 1,617.00 2,455.00 1,431.00 798.00 3,828.00
Other Current Assets 4,528.00 4,460.00 3,853.00 4,961.00 6,107.00
  11,977.00 11,904.00 9,809.00 11,732.00 13,944.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 20,262.00 20,655.00 18,020.00 20,295.00 22,137.00
Current Liabilities          
Borrowings 1,248.00 1,177.00 1,094.00 1,170.00 602.00
Other Current Liabilities 7,846.00 8,416.00 6,949.00 8,087.00 8,363.00
           
Current Liabilities 9,094.00 9,593.00 8,043.00 9,257.00 8,965.00
           
Net Current Assets c2,883.00 c2,311.00 c1,766.00 c2,475.00 c4,979.00
           
Borrowings 4,306.00 4,410.00 4,469.00 5,289.00 4,729.00
Other Non-Current Liabilities 737.00 784.00 583.00 398.00 606.00
Non-Current Liabilities 5,043.00 5,194.00 5,052.00 5,687.00 5,335.00
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 14,137.00 14,787.00 13,095.00 14,944.00 14,300.00
           
Net Assets 6,125.00 5,868.00 4,925.00 5,351.00 7,837.00
           
Shareholders Funds 6,125.00 5,476.00 4,580.00 4,991.00 7,519.00
           
Minority Interests/Other Equity n/a 392.00 345.00 360.00 318.00
Total Equity 6,125.00 5,868.00 4,925.00 5,351.00 7,837.00
Cash Flow 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Net Cash Flow From Operating Activities 751.00 2,910.00 2,630.00 (479.00) 3,192.00
Net Cash Flow from Investing Activities (404.00) (356.00) (450.00) 495.00 (424.00)
Net Cash Flow from Financing Activities (1,103.00) (1,559.00) (1,507.00) (3,027.00) 3,048.00
Net Increase/Decrease In Cash (756.00) 995.00 673.00 (3,011.00) 5,816.00
Ratios - based on IFRS 31-Dec-25 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21
Continuing Operations          
PE Ratio - Adjusted 22.7 55.8 n/a 38.2 3,358.0
PEG - Adjusted 0.3 n/a n/a 0.0 n/a
Earnings per Share Growth - Adjusted 76% n/a n/a 4,330% -97%
Dividend Cover 2.66 2.12 (0.96) 4.77 2.26
Revenue per Share 15,075.25¢ 14,389.88¢ 13,019.12¢ 13,677.76¢ 12,901.85¢
Pre-Tax Profit per Share 1,105.84¢ 681.12¢ 39.49¢ 235.75¢ 1,125.28¢
Operating Margin 8.29% 5.65% 1.25% 2.97% 9.35%
Return on Capital Employed 18.14% 11.49% 0.74% 3.83% 15.98%
           
Dividend Yield 1.7% 0.8% 0.4% 0.5% 0.0%
Dividend per Share Growth 40.00% 185.71% n/a 2,001.45% (98.89%)
Operating Cash Flow per Share 456.31¢ 1,768.13¢ 1,598.00¢ (291.04¢) 19.58¢
Cash Incr/Decr per Share (459.35¢) 604.57¢ 408.92¢ (1,829.49¢) 3,533.82¢
Net Asset Value per Share (exc. Intangibles) 2,721.46¢ 2,531.88¢ 1,971.67¢ 2,225.04¢ 3,801.78¢
Net Gearing 64.28% 57.20% 90.22% 113.42% 19.99%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: Forecast figures based on normalised accounts.

 

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