IFF · 8-K · 20260804PR000032

Operating Income and Margins

INTERNATIONAL FLAVORS & FRAGRANCES INC · 2026-08-04 · Importance 64 · Surprise 56 · Contradicted

First-quarter 2026 operating profit increased 42.1% year over year to $253 million from $178 million. Operating margin expanded to 13.3% from 8.7%, a 460-basis-point improvement on the $1,906 million revenue base. Recast continuing-operations Adjusted Operating EBITDA was $433 million in the first quarter of 2026 versus $444 million in the first quarter of 2025, reflecting the removal of discontinued operations. Recast segment Adjusted Operating EBITDA was $152 million for Taste, $141 million for Scent, and $140 million for Health & Biosciences.

Key facts

• Net income (loss) attributable to IFF shareholders for the three months ended March 31, 2025: $(1,018) million source
• Gain on extinguishment of debt recorded in the three months ended June 30, 2025: $(488) million (gain) source
• Operating profit (loss) for the three months ended March 31, 2026: $253 million source
• Operating profit (loss) for the three months ended March 31, 2025: $178 million source
• Income (loss) before taxes from continuing operations for the three months ended March 31, 2026: $196 million source
• Total Adjusted Operating EBITDA for the year ended December 31, 2025 (Recast): $1,552 million source
• Total Adjusted Operating EBITDA for the three months ended March 31, 2026 (Recast): $433 million source
• Income (loss) before taxes from continuing operations for the three months ended March 31, 2025: $88 million source

Impact estimates