KONINKLIJKE PHILIPS NV
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
View on SEC.govAbout this filing
The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2025 · Filed Feb 19, 2026
PHG$30.35-0.5%Stored close · as of Nov 6, 2026
Contents
Form 20-F cross reference table
Only the following information shall be deemed to be filed with the Securities and Exchange Commission for
any purpose (i) the information in this document that is referenced in the Form 20-F cross reference table, (ii)
the Introduction and the cautionary statements concerning forward-looking statements of this report on
pages 7-8, and (iii) the Exhibits. The content of Philips websites and other websites referenced herein should
not be considered to be a part of or incorporated into the 2025 Form 20-F. Any additional information which
is not referenced in the Form 20-F cross reference table or the Exhibits themselves shall not be deemed to be
so incorporated by reference, shall not be part of the 2025 Form 20-F and is furnished to the Securities and
Exchange Commission for information only.
The table below sets out the location in this document of the information required by SEC Form 20-F. The
exact location is included in the column ‘Location in this document’. The page number refers to the starting
page of the section for reference only (and is not intended to refer to the starting page of the specific
subsection, if applicable).
| Item | Form 20-F caption | Location in this document |
| 1 | Identity of directors, senior management and advisors | Not applicable |
| 2 | Offer statistics and expected timetable | Not applicable |
| 3 | Key information | |
| A [Reserved] | Not applicable | |
| B Capitalization and indebtedness | Not applicable | |
| C Reason for the offer and use of proceeds | Not applicable | |
| D Risk factors | Risk factors | |
| Strategic risks | ||
| Operational risks | ||
| Financial and reporting risks | ||
| Compliance risks | ||
| Factors impacting performance | ||
| Item | Form 20-F caption | Location in this document |
| 4 | Information on the Company | |
| A History and development of the company | Cover | |
| Introduction – Documents on display | ||
| Strategy – Strategic focus | ||
| Our Business structure | ||
| Business – Connected Care segment | ||
| Factors impacting performance – Operating model | ||
| Results of operations – Discontinued operations | ||
| Results of operations – Restructuring, acquisition-related charges and other items | ||
| Acquisitions and divestments | ||
| Cash flows | ||
| Corporate governance | ||
| Other Corporate governance | ||
| Corporate information | ||
| Investor contact – How to reach us | ||
| Note 3 – Discontinued operations and assets classified as held for sale | ||
| Note 4 – Acquisitions and divestments | ||
| Note 5 – Interests in entities | ||
| Note 30 – Subsequent events | ||
| B Business Overview | Introduction – Third-party market share data | |
| Strategic focus | ||
| Our Business structure | ||
| Business – Our business structure; Diagnosis and Treatment segment; Connected Care segment; Personal Health segment; Segment other | ||
| Our Regions | ||
| Supply chain and procurement | ||
| Performance Summary (excluding the information set forth under the subheading "Outlook") | ||
| Results of operations – Sales per geographic area | ||
| Patient safety, quality and regulatory and the Medical Office | ||
| Note 2 – Information by segment and main country | ||
| Item | Form 20-F caption | Location in this document |
| C Organizational structure | Our Business structure | |
| Note 5 – Interests in entities | ||
| D Property, plant and equipment | Our Business structure – Central costs; Innovation and design | |
| Our Regions – 2025 developments North America; 2025 developments Greater China | ||
| Note 2 – Information by segment and main country | ||
| Note 3 – Discontinued operations and assets classified as held for sale - Assets classified as held for sale | ||
| Note 10 – Property, plant and equipment | ||
| Note 19 – Provisions - Environmental provisions | ||
| Note 24 – Contingencies - Environmental remediation | ||
| 4A | Unresolved staff comments | Not applicable |
| 5 | Operating and financial review and prospects | |
| A Operating results | Supply chain and procurement | |
| Performance Summary (excluding the information set forth under the subheading "Outlook") | ||
| Factors impacting performance | ||
| Results of operations | ||
| Results of operations – Restructuring, acquisition-related charges and other items | ||
| Acquisitions and divestments | ||
| Other key performance indicators | ||
| Note 1 – General information to the Consolidated financial statements - Foreign currency transactions: Foreign operations | ||
| Note 3 – Discontinued operations and assets classified as held for sale | ||
| Note 4 – Acquisitions and divestments | ||
| Note 6 – Income from operations | ||
| Note 7 – Financial income and expenses | ||
| Note 8 – Income taxes - Deferred tax assets and liabilities | ||
| Note 11 – Goodwill | ||
| Note 12 – Intangible assets excluding goodwill | ||
| Note 20 – Post-employment benefits | ||
| Note 24 – Contingencies | ||
| Note 29 – Details of treasury and other financial risks - Currency risk | ||
| Note 30 – Subsequent events | ||
| Item | Form 20-F caption | Location in this document |
| B Liquidity and capital resources | Our Regions – 2025 developments North America | |
| Financial position – Debt position | ||
| Financial performance – Supply chain resilience | ||
| Cash flows | ||
| Liquidity position | ||
| Cash obligations | ||
| Note 17 – Equity | ||
| Note 18 – Debt | ||
| Note 23 – Cash flow statement supplementary information | ||
| Note 29 – Details of treasury and other financial risks | ||
| C Research and development, patents and licenses, etc. | Strategic focus | |
| Business – Innovation & Design; IP Royalties | ||
| Business – 2025 developments North America; 2025 developments Greater China | ||
| Results of operations – Research and development expenses | ||
| Financial performance – Supply chain resilience | ||
| Cash flows | ||
| D Trend information | Supply chain and procurement | |
| Factors impacting performance | ||
| Reconciliation of non-IFRS information | ||
| Other Key Performance Indicators | ||
| E Critical accounting estimates | Not applicable | |
| 6 | Directors, senior management and employees | |
| A Directors and senior management | Members of the Board of Management and Executive Committee – Members of the Board of Management | |
| Members of the Supervisory Board | ||
| Board of Management and Executive Committee – Appointment and composition | ||
| Supervisory Board – Appointment and composition | ||
| Item | Form 20-F caption | Location in this document |
|---|---|---|
| B Compensation | Remuneration report 2025 | |
| Remuneration report 2025 – Letter from the Remuneration Committee Chair | ||
| Remuneration report 2025 – Board of management | ||
| Note 26 – Share-based compensation | ||
| Note 27 – Information on remuneration | ||
| C Board practices | Members of the Supervisory Board | |
| Members of the Board of Management and Executive Committee – Members of the Board of Management | ||
| Governance – Annual financial statements and external audit | ||
| Supervisory Board report – Supervisory Board Committees | ||
| Report of the Audit Committee | ||
| Remuneration report 2025 – Letter from the Remuneration Committee Chair, Main elements of the Remuneration Policy; Services agreements | ||
| Board of Management and Executive Committee – Appointment and composition | ||
| Supervisory Board – Appointment and composition; Supervisory Board committees | ||
| Other Corporate governance – Committees of our Supervisory Board | ||
| D Employees | Employment | |
| Note 6 – Income from operations – Employees | ||
| E Share ownership | Remuneration report 2025 – Historical LTI grants and holdings | |
| Other Board-related matters – Remuneration and share ownership | ||
| Further information – Voting rights; Equity compensation plans | ||
| Note 26 – Share-based compensation | ||
| Note 27 – Information on remuneration - Supervisory Board members’ and Board of Management members’ interest in Philips shares | ||
| F Disclosure of registrant's action to recover erroneously awarded compensation | Not applicable | |
| Item | Form 20-F caption | Location in this document |
| 7 | Major shareholders and related party transactions | |
| A Major shareholders | General Meeting of Shareholders – Share capital; issue and repurchase of (rights to) shares (second and third paragraphs) | |
| Stichting Preferente Aandelen Philips | ||
| Major shareholders | ||
| Other Corporate governance – Voting Rights (last sentence) | ||
| B Related party transactions | Other Board-related matters – Conflicts of interest; Remuneration and share ownership (fifth paragraph) | |
| Note 5 – Interests in entities | ||
| Note 25 – Related-party transactions | ||
| C Interests of experts and counsel | Not applicable | |
| 8 | Financial information | |
| A Consolidated statements and other financial information | Dividend – Dividend policy | |
| Group financial statements | ||
| B Significant changes | Note 30 – Subsequent events | |
| 9 | The offer and listing | |
| A Offer and listing details | Share information | |
| B Plan of distribution | Not applicable | |
| C Markets | Share information | |
| D Selling shareholders | Not applicable | |
| E Dilution | Not applicable | |
| F Expenses of the issue | Not applicable | |
| 10 | Additional information | |
| A Share capital | Not applicable | |
| B Memorandum and articles of association | Board of Management and Executive Committee – Appointment and composition | |
| Supervisory Board – Appointment and composition | ||
| Other Board-related matters – Remuneration and share ownership (fifth paragraph); Conflicts of interest | ||
| Item | Form 20-F caption | Location in this document |
|---|---|---|
| General Meeting of Shareholders – Meetings; Main powers of the General Meeting of Shareholders | ||
| Stichting Preferente Aandelen Philips | ||
| Other Corporate governance – Articles of association | ||
| C Material contracts | Remuneration report 2025 – Letter from the Remuneration Committee Chair (sixth paragraph); Services agreements | |
| Board of Management and Executive Committee - Appointment and composition (third paragraph) | ||
| Supervisory Board – Appointment and composition (last paragraph) | ||
| Note 24 Contingencies - Product liability claims | ||
| Note 25 – Related-party transactions | ||
| Note 26 – Share-based compensation | ||
| Note 27 – Information on remuneration | ||
| Index of exhibits – Exhibit 4(a) | ||
| Index of exhibits – Exhibit 4(b) | ||
| Index of exhibits – Exhibit 4(c) | ||
| Index of exhibits – Exhibit 4(d) | ||
| Index of exhibits – Exhibit 4(e) | ||
| Index of exhibits – Exhibit 4(f) | ||
| D Exchange controls | Other Corporate governance – Exchange controls | |
| Note 29 – Details of treasury and other financial risks - Liquidity risk | ||
| E Taxation | Taxation | |
| F Dividends and paying agents | Not applicable | |
| G Statements by experts | Not applicable | |
| H Documents on display | Introduction - Documents on display | |
| I Subsidiary information | Not applicable | |
| J Annual Report to Security Holders | The Company intends to submit any annual report provided to security holders in electronic format as an exhibit to a current report on Form 6-K. | |
| Item | Form 20-F caption | Location in this document |
| 11 | Quantitative and qualitative disclosure about market risk | |
| A Quantitative information about market risk | Forward-looking statements | |
| Note 29 – Details of treasury and other financial risks | ||
| B Qualitative information about market risk | Forward-looking statements | |
| Note 29 – Details of treasury and other financial risks | ||
| C Interim periods | Not applicable | |
| D Safe harbor | Forward-looking statements | |
| Note 29 – Details of treasury and other financial risks | ||
| E Smaller reporting companies | Not applicable | |
| 12 | Description of securities other than equity securities | |
| A Debt securities | Not applicable | |
| B Warrant and rights | Not applicable | |
| C Other securities | Not applicable | |
| D American depository shares | Other Corporate governance – New York Registry Shares | |
| 13 | Defaults, dividend arrearages and delinquencies | Not applicable |
| 14 | Material modifications to the rights of security holders and use of proceeds | Not applicable |
| 15 | Controls and procedures | |
| A Disclosure controls and procedures | Disclosure controls and procedures | |
| B Management's Annual Report on internal control over financial reporting | Management's annual report on internal control over financial reporting | |
| Attestation report of the registered public accounting firm | ||
| C Attestation report of the registered public accounting firm | Attestation report of the registered public accounting firm | |
| Item | Form 20-F caption | Location in this document |
| Independent auditor’s report - PricewaterhouseCoopers Accountants N.V. (PCAOB ID: 1395) | ||
| D Changes in internal control over financial reporting | Changes in internal control over financial reporting | |
| 16A | Audit Committee Financial Expert | Supervisory Board - Supervisory Board Committees (fifth paragraph) |
| 16B | Code of Ethics | General Business Principles (GBP) (last paragraph) |
| 16C | Principal Accountant Fees and Services | Report of the Audit Committee |
| Annual financial statements and external audit | ||
| Note 6 – Income from operations - Audit and audit-related fees | ||
| 16D | Exemptions from the Listing Standards for Audit Committees | Not applicable |
| 16E | Purchases of Equity Securities by the Issuer and Affiliated Purchasers | Shareholders’ equity – Share repurchase methods for long-term incentive plans and capital reduction purposes |
| 16F | Change in Registrant’s Certifying Accountant | Annual financial statements and external audit (second paragraph, last sentence) |
| 16G | Corporate Governance | Other Corporate governance – Significant differences in corporate governance practices |
| 16H | Mine Safety Disclosure | Not applicable |
| 16I | Disclosure regarding Foreign Jurisdictions that prevent inspections | Not applicable |
| 16J | Insider Trading Policies | General Business Principles (GBP) |
| 16K | Cybersecurity | Cybersecurity |
| 17 | Financial statements | Not applicable |
| 18 | Financial statements | Group financial statements |
| 19 | Exhibits | Index of exhibits |
Our management
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.