Revenue: As of FY2026 Q2, the actual value is USD 9.289 B, beating the estimate of USD 9.015 B.

EPS: As of FY2026 Q2, the actual value is USD 4.15, beating the estimate of USD 4.1277.

EBIT: As of FY2026 Q2, the actual value is USD 2.615 B.

Consolidated Financial Performance

For the Quarter Ended June 30, 2026 vs. 2025 (Reported) Operating Profit: Linde plc reported an operating profit of $2,554 million, an 8% increase from $2,354 million in the prior year, with an operating margin of 27.5% in 2026 compared to 27.7% in 2025. Cost of Sales: Cost of sales, exclusive of depreciation and amortization, increased by 13% to $4,861 million (52.3% of sales) from $4,306 million (50.7% of sales). Selling, General and Administrative (SG&A): SG&A expenses increased by 2% to $891 million (9.6% of sales) from $870 million (10.2% of sales). Depreciation and Amortization: Depreciation and amortization increased by 2% to $963 million from $942 million. Other Income (Expense) - Net: Net other income was $17 million, up 13% from $15 million. Interest Expense - Net: Net interest expense decreased by -9% to $61 million from $67 million. Net Pension and OPEB Cost (Benefit): A benefit of -$53 million was reported, a -10% decrease from -$59 million. Income from Equity Investments: Increased by 9% to $36 million from $33 million. Noncontrolling Interests: Increased by 10% to -$44 million from -$40 million. Net Income – Linde plc: Rose by 9% to $1,928 million from $1,766 million. EBITDA: Increased by 7% to $3,553 million from $3,329 million, representing 38.2% of sales compared to 39.2%.

For the Six Months Ended June 30, 2026 vs. 2025 (Reported) Operating Profit: Operating profit was $4,993 million, a 10% increase from $4,538 million, with an operating margin of 27.6% in 2026 compared to 27.3% in 2025. Cost of Sales: Cost of sales, exclusive of depreciation and amortization, increased by 11% to $9,384 million (51.9% of sales) from $8,463 million (51.0% of sales). Selling, General and Administrative (SG&A): SG&A expenses increased by 8% to $1,784 million (9.9% of sales) from $1,656 million (10.0% of sales). Depreciation and Amortization: Depreciation and amortization increased by 3% to $1,914 million from $1,852 million. Cost Reduction Program and Other Charges: $0 million in 2026 compared to $55 million in 2025. Other Income (Expense) - Net: Net other income was $80 million, a 142% increase from $33 million. Interest Expense - Net: Net interest expense decreased by -3% to $123 million from $127 million. Net Pension and OPEB Cost (Benefit): A benefit of -$107 million was reported, a -7% decrease from -$115 million. Income from Equity Investments: Increased by 7% to $76 million from $71 million. Noncontrolling Interests: Increased by 18% to -$87 million from -$74 million. Net Income – Linde plc: Rose by 10% to $3,785 million from $3,439 million. EBITDA: Increased by 8% to $6,983 million from $6,461 million, representing 38.6% of sales compared to 38.9%.

Segmented Sales and Operating Profit (Adjusted)

Quarter Ended June 30, 2026 vs. 2025 Americas: Sales increased by 7% to $4,083 million from $3,812 million. Operating profit increased by 5% to $1,272 million from $1,209 million, with an operating margin of 31.2% (2026) vs 31.7% (2025). EMEA: Sales increased by 7% to $2,303 million from $2,162 million. Operating profit increased by 6% to $823 million from $780 million, with an operating margin of 35.7% (2026) vs 36.1% (2025). APAC: Sales increased by 13% to $1,870 million from $1,655 million. Operating profit increased by 8% to $531 million from $490 million, with an operating margin of 28.4% (2026) vs 29.6% (2025). Engineering: Sales increased by 13% to $625 million from $551 million. Operating profit increased by 11% to $100 million from $90 million, with an operating margin of 16.0% (2026) vs 16.3% (2025). Other: Sales increased by 30% to $408 million from $315 million. Operating profit increased by 238% to $18 million from -$13 million, with an operating margin of 4.4% (2026) vs -4.1% (2025).

Six Months Ended June 30, 2026 vs. 2025 Americas: Sales increased by 8% to $8,108 million from $7,478 million. Operating profit increased by 8% to $2,544 million from $2,346 million, with an operating margin of 31.4% (2026) vs 31.4% (2025). EMEA: Sales increased by 7% to $4,474 million from $4,193 million. Operating profit increased by 7% to $1,607 million from $1,502 million, with an operating margin of 35.9% (2026) vs 35.8% (2025). APAC: Sales increased by 12% to $3,571 million from $3,194 million. Operating profit increased by 7% to $1,008 million from $941 million, with an operating margin of 28.2% (2026) vs 29.5% (2025). Engineering: Sales increased by 2% to $1,142 million from $1,116 million. Operating profit decreased by -1% to $201 million from $204 million, with an operating margin of 17.6% (2026) vs 18.3% (2025). Other: Sales increased by 24% to $775 million from $626 million. Operating profit increased by 1,300% to $14 million from $1 million, with an operating margin of 1.8% (2026) vs 0.2% (2025).

Cash Flow Summary (Six Months Ended June 30, 2026 vs. 2025)

• Net Cash Provided by Operating Activities: $4,511 million in 2026, an increase of 3% from $4,372 million in 2025, primarily due to higher net income.
• Net Cash Used for Investing Activities: -$3,042 million in 2026, an increase of 8% from -$2,826 million in 2025, driven by higher capital expenditures and acquisitions.
• Capital Expenditures: $2,780 million in 2026, $253 million higher than the prior year, primarily for new plant and production equipment.
• Acquisitions, Net of Cash Acquired: $385 million in 2026, primarily in the Americas and EMEA, compared to $270 million in 2025.
• Divestitures, Net of Cash Divested and Asset Sales: $123 million in 2026, including proceeds from a business sale in the Americas, compared to $24 million in 2025.
• Net Cash Used for Financing Activities: -$1,647 million in 2026 compared to -$1,754 million in 2025.

Other Key Metrics

• Sale of Gas Backlog: As of June 30, 2026, Linde plc’s sale of gas backlog for large projects under construction was approximately $8.1 billion, with about half of the revenue related to minimum purchase requirements expected to be earned in the next six years.
• Pension Contributions: Linde plc estimates 2026 required contributions to its pension plans will range from approximately $25 million to $35 million, with $18 million contributed through June 30, 2026.
• Debt: Total debt was $28,013 million at June 30, 2026, compared to $26,989 million at December 31, 2025. Long-term debt was $20,678 million at June 30, 2026, compared to $20,683 million at December 31, 2025.
• Liquidity: Linde plc maintains a $5.0 billion and a $1.5 billion unsecured and undrawn revolving credit agreement, with no outstanding borrowings as of June 30, 2026, indicating sufficient operating flexibility, cash, and funding sources.

Outlook

Linde plc provides quarterly updates on operating results, material trends, and financial guidance through quarterly earnings releases and investor teleconferences, which are available on the company’s website.