Company: LIN
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001628280-25-047710
Chunk: 74

Company: LINDE PLC
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 8
Chunk 74
---
 SalesVolume/price8 %1 %Cost pass-through1 %— %Currency1 %1 %Acquisitions/divestitures— %— %10 %2 %

Other consists of corporate costs and a few smaller businesses including Linde Advanced Material Technologies (LAMT) and global helium wholesale, which individually do not meet the quantitative thresholds for separate presentation. 

Sales 

Sales for Other increased $31 million, or 10%, for the third quarter and $18 million, or 2% for the nine months ended September 30, 2025, versus the respective 2024 periods. Underlying sales increased by 8% in the quarter and 1% in the year-to-date period, primarily due to higher volumes in LAMT. Currency translation increased sales by 1% in the quarter and year-to-date periods. 

Operating profit 

Operating profit in Other decreased $29 million in the third quarter and $36 million for the nine months ended September 30, 2025 versus the respective 2024 periods. The decrease in the quarter was primarily driven by helium and cost inflation. The decrease in the year-to-date period was driven by helium and an insurance recovery in 2024, partially offset by lower costs and continued productivity initiatives.   

Currency

The results of Linde's non-U.S. operations are translated to the company’s reporting currency, the U.S. dollar, from the functional currencies. For most operations, Linde uses the local currency as its functional currency. There is inherent variability and unpredictability in the relationship of these functional currencies to the U.S. dollar and such currency movements may materially impact Linde's results of operations in any given periods.

To help understand the reported results, the following is a summary of the significant currencies underlying Linde's consolidated results and the exchange rates used to translate the financial statements (rates of exchange expressed in units of local currency per U.S. dollar):

 Percentage of YTD 2025 Consolidated SalesExchange Rate forIncome StatementExchange Rate forBalance Sheet Year-To-Date AverageSeptember 30,December 31,Currency2025202420252024Euro17 %0.89 0.92 0.85 0.97 Chinese yuan7 %7.22 7.20 7.12 7.30 British pound5 %0.76 0.78 0.74 0.80 Brazilian real4