Novartis revenues slowed in last quarter of 2025

Novartis feels sales erosion in the final quarter due to copycats Keystone-SDA

Novartis revenues slowed to a standstill in the final quarter of 2025. The Swiss pharmaceutical firm presents a mixed outlook for the current year.

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Novartis sales grew just 1% year-on-year to $13.3 billion in the last three months of 2025. At constant exchange rates, this represents a 1% decrease. The pace of revenue growth has slowed considerably after double-digit growth in each of the first two quarters.

For the full year 2025, Novartis generated sales of CHF54.5 billion (+8%). The company achieved the net growth in the high single-digit percentage range forecast by management.

The bottom line was an annual profit of CHF14 billion after just under CHF12 billion in 2024.

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Shareholders will receive an increased dividend of CHF 3.70 from CHF 3.50.

In the current year, Novartis management is aiming for sales growth in the low single-digit percentage range at constant exchange rates. Core operating profit is expected to decline in the low single-digit percentage range.

Adapted from German by AI/mga

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