BASF outlines Winning Ways strategy, targets €10 billion-€12 billion EBITDA by 2028

• BASF outlined its “Winning Ways” strategy at the Commerzbank & ODDO BHF Corporate Conference in Frankfurt.
• Targets EBITDA before special items of EUR 10 billion to EUR 12 billion in 2028, up from EUR 7.7 billion in 2023.
• Guides cumulative free cash flow above EUR 12 billion for 2025-2028, with shareholder distributions of at least EUR 12 billion.
• Plans an annual dividend of at least EUR 2.25 per share through 2025-2028, supported by capex falling below depreciation post-Zhanjiang startup.
• Zhanjiang Verbund site seen generating EUR 4 billion to EUR 5 billion sales, EUR 1 billion to EUR 1.2 billion EBITDA by 2030.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BASF SE published the original content used to generate this news brief on September 01, 2026, and is solely responsible for the information contained therein.