DOW CHEMICAL CO /DE/
For the period ended Dec 31, 2025. Filed Feb 3, 2026.
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FY2025 · Filed Feb 3, 2026
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Industrial Intermediates & Infrastructure
| Industrial Intermediates & Infrastructure | ||
|---|---|---|
| In millions | 2025 | 2024 |
| Net sales | $11,163 | $11,869 |
| Operating EBIT | $(561) | $125 |
| Equity losses | $(282) | $(102) |
| Industrial Intermediates & Infrastructure | ||
|---|---|---|
| Percentage change from prior year | 2025 | 2024 |
| Change in Net Sales from Prior Period due to: | ||
| Local price & product mix | (6)% | (6)% |
| Currency | — | — |
| Volume | — | 1 |
| Total | (6)% | (5)% |
Industrial Intermediates & Infrastructure net sales were $11,163 million in 2025, down 6 percent from $11,869 million in 2024, with local price down 6 percent, and both volume and currency flat. Local price decreased in both businesses and across all geographic regions, led by declines in industrial, consumer durables and building and construction applications. Volume increased in Industrial Solutions, with higher volumes in all geographic regions except Latin America, primarily in energy and industrial applications. Volume decreased in Polyurethanes & Construction Chemicals, driven by declines in EMEAI and Latin America, primarily in consumer durables and industrial applications.
Operating EBIT was a loss of $561 million in 2025, down $686 million from Operating EBIT of $125 million in 2024. Operating EBIT decreased primarily due to margin compression, the impact of lower operating rates and lower results at the EQUATE and Sadara joint ventures, partially offset by the impact of the Company's cost reduction initiatives.
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