Linde Announces Robust Q3 2025 Results; NETC Aluminum Alloy Gas Cylinders Facilitate Global
Gas Storage and Transportation Upgrade
(October 2025) Linde Group, a globally leading gas and engineering company, recently released its financial results for the third quarter of 2025. Amid an overall slowdown in industrial activity, the company achieved steady growth through exceptional operational capabilities, with several indicators reaching record highs.
In the third quarter, Linde's sales reached $8.615 billion, a 3% year-over-year increase; operating profit was $2.367 billion, while the adjusted operating profit was $2.558 billion, up 3% compared to the same period last year. The adjusted operating profit margin stood at 29.7%, a 0.1 percentage point improvement from the previous year, reflecting the company's continuously optimized profitability. Quarterly net profit was $1.929 billion, a significant 24% year-over-year increase; earnings per share were $4.09, up 27% compared to the same period last year. Excluding specific items, adjusted earnings per share were $4.21, a 7% year-over-year increase.
In terms of cash flow, operating cash flow for the quarter reached $2.948 billion, an 8% year-over-year increase. After accounting for capital expenditures of $1.276 billion, free cash flow stood at $1.672 billion. Meanwhile, Linde returned $1.685 billion to shareholders through dividends and share repurchases, demonstrating its strong financial position and commitment to shareholder returns.
Looking ahead, Linde expects adjusted earnings per share for the fourth quarter of 2025 to be in the range of $4.10 to $4.20, representing a year-over-year growth of 3% to 6%. For the full year, adjusted earnings per share are projected to be between $16.35 and $16.45, reflecting a 5% to 6% increase compared to the previous year. Full-year capital expenditures are estimated to be between $5 billion and $5.5 billion, primarily aimed at supporting business growth and the approximately $7.1 billion backlog of contracted gas supply projects.
Behind the sustained development of industry leaders like Linde is the collaborative support of global supply chain partners. As an exceptional supplier of aluminum alloy gas cylinders to the global gas industry, NETC aluminum alloy gas cylinders play a critical role in gas storage and transportation. Due to their lightweight, corrosion-resistant, and high-safety characteristics, aluminum alloy gas cylinders serve as core carriers for the storage and transportation of industrial gases, medical gases, and specialty gases. They are widely used in high-tech sectors such as semiconductors, artificial intelligence, and new energy, providing a solid foundation for the safe and efficient delivery of gas products.
NETC aluminum alloy gas cylinders actively align with the coordinated and steady development trends of the global gas industry, innovatively establishing a customer-centric supply model that supports point-to-point, point-to-line, and point-to-surface systems. By engaging directly with the market, NETC accurately identifies customer needs regarding specifications, purity, pressure, and other aspects of aluminum alloy gas cylinders, continuously driving product and technological advancements. Against the backdrop of a comprehensive upgrade in global supply, and in response to the rapid development of industries such as semiconductors and artificial intelligence, NETC consistently upholds the highest standards in the aluminum alloy gas cylinder industry, supporting the progress and development of the global gas industry with consistently high-quality products.
Linde's performance growth, coupled with the supply chain support provided by NETC's aluminum alloy gas cylinders, underscores the resilience and continuous innovation-driven advancement of the global gas industry as it navigates challenges and evolves.
