Company: LIN
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001628280-25-047710
Chunk: 72

Company: LINDE PLC
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 8
Chunk 72
---
 markets.

Operating Profit

Operating profit for the EMEA segment increased by $78 million, or 11%, in the third quarter and $189 million, or 9%, for the nine months ended September 30, 2025, compared to the respective 2024 periods. The increase in the third quarter and year to date was driven primarily by higher pricing, currency translation, and continued productivity initiatives, partially offset by lower volumes. 

APAC

 Quarter Ended September 30,Nine Months Ended September 30,(Millions of dollars)20252024Variance20252024VarianceSales$1,741 $1,716 1 %$4,935 $4,964 (1)%Operating profit$490 $497 (1)%$1,431 $1,418 1 %As a percent of sales28.1 %29.0 %29.0 %28.6 %

 Quarter Ended September 30, 2025 vs. 2024Nine Months Ended September 30, 2025 vs. 2024 % Change% ChangeFactors Contributing to Changes - SalesVolume/Equipment— %(1)%Price/Mix(1)%— %Cost pass-through— %— %Currency(1)%(1)%Acquisitions/divestitures3 %1 %1 %(1)%

The APAC segment includes Linde's industrial gases operations in approximately 15 Asian and South Pacific countries and regions including China, Australia, India, and South Korea.

31

Sales 

Sales for the APAC segment increased $25 million, or 1%, in the third quarter and decreased $29 million, or 1%, for the nine months ended September 30, 2025 versus the respective 2024 periods. Acquisitions increased sales by 3% in the quarter and 1% in the year-to-date period. Volumes were flat in the quarter and decreased sales by 1% in the year-to-date period. Price decreased sales by 1% in the quarter largely due to helium and was flat year to date. Currency translation decreased sales by 1% in the quarter and year-to-date periods, primarily due to the weakening of the Australian dollar against the U.S. dollar. 

Operating profit 

Operating profit in the APAC segment decreased $7 million, or 1%, in the third quarter, driven primarily by lower helium pricing, currency translation, partially