As per the report, Bayer posted Q2 sales of approximately $11.71 billion, up 0.9% on a currency- and portfolio-adjusted basis. However, net income declined to $220 million, largely due to nearly $1.89 billion in new litigation provisions—$1.31 billion related to glyphosate and $580 million for PCB-associated cases.
Pharmaceutical Growth Driven by Key Products
Pharmaceutical growth was primarily led by Nubeqa (darolutamide) and Kerendia (finerenone). Nubeqa, a prostate cancer treatment, saw sales rise 50.5% year-over-year to about $595 million. Kerendia, used for chronic kidney disease, posted a 67.1% increase, reaching approximately $200 million. Notably, Eylea recorded a 4.3% gain, helping offset the ongoing decline of Xarelto, which dropped 27.1% in sales due to patent expirations in key markets.
Financial Position and Strategic Outlook
Despite a 90% decrease in free cash flow to $140 million, Bayer reduced net financial debt to $36.27 billion, down 2.9% since March and 9.5% year-over-year, aided by positive currency effects. The company stated it will continue to focus on operational improvements, cost containment, and strategic product launches—including the regulatory submission of potential blockbuster herbicide icafolin in the United States, Canada, Brazil, and the EU.2
Litigation Risk Reduction Efforts Underway
Bayer also updated investors on its efforts to reduce litigation risk by 2026. The company is pursuing a multi-pronged strategy involving confidential settlements, appeals, and regulatory engagement. Financial provisions have been made, and additional legal strategies remain under review as Bayer looks to move beyond ongoing glyphosate and PCB-related cases. Despite prior speculation that the company might split amid the layoffs, Anderson said in March 2024 that such a move would be too complex due to existing litigation, debt, bureaucracy, and the company’s research pipeline.3,4
“We’re beginning an important second half of 2025, which will be marked by further progress on all strategic priorities, continued launches, and geopolitical and currency crosswinds to navigate,” said Anderson, in a press release. “Thanks to our year-to-date performance in Pharmaceuticals, we’re raising our 2025 currency-adjusted guidance for the Group on both sales and earnings.”
References
- Bayer's workforce reduction efforts hit the 12,000-employee mark. FirstWord Pharma. August 7, 2025. Accessed August 7, 2025. https://firstwordpharma.com/story/5986984
- Bayer posts positive second quarter and progress on strategic priorities. Bayer. August 6, 2025. Accessed August 7, 2025. https://www.bayer.com/media/en-us/bayer-posts-positive-second-quarter--and-progress-on-strategic-priorities/
- Bayer Q2 Media Update. Bayer. August 6, 2025. Accessed August 7, 2025. https://www.bayer.com/media/en-us/2025-bayer-q2-media-update/
- Bayer Won’t Be Splitting Up. PharmExec. March 6, 2024. Accessed August 7, 2025. https://www.pharmexec.com/view/bayer-not-splitting-up