Here are the 10-K annual reports from Linde plc (LIN) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow LIN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LIN filings page.
Linde plc, the world’s largest industrial gas company, reports steady growth for the year ended December 31, 2025. Sales reached $33,986 million, up 3% from 2024, driven mainly by 2% higher pricing and 1% growth from acquisitions, while overall volumes were flat as new projects offset base softness.
Reported operating profit rose to $8,923 million and adjusted operating profit to $10,137 million, both up 3–4%, helped by pricing and productivity savings that outweighed cost inflation. Net income attributable to Linde plc increased to $6,898 million, with diluted EPS of $14.61; on an adjusted basis, net income was $7,772 million and EPS $16.46, up 4% and 6%.
Operating cash flow was strong at $10,350 million, supporting $5,261 million of capital expenditures, $2,811 million of dividends, and $4,578 million of net share repurchases under a $15 billion program, with $7.3 billion still authorized. Americas, EMEA, and APAC provided most revenue, with EMEA delivering notable 10% operating profit growth.
The company highlights key risks including energy and raw material costs, global economic conditions, foreign exchange, cybersecurity, climate and environmental regulation, and pension and tax uncertainties. Linde also emphasizes its role in clean hydrogen, carbon management technologies, and a large global asset base of plants, pipelines, and engineering capabilities serving diversified end markets worldwide.