Annual Report 2025

Annual Report 2025
Annual Report 2024
Annual Report 2023
Annual Report 2022
Annual Report 2021
Annual Report 2020
Annual Report 2019
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Results

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At a Glance Targets – Results – Outlook
At a Glance Financial Highlights 2025
To our Shareholders Interview with our CEO
To our Shareholders Executive Board
To our Shareholders Supervisory Board
To our Shareholders Supervisory Board Report
To our Shareholders Declaration on Corporate Governance
To our Shareholders Our Share
Description of Business Model Business Model Overview
Description of Business Model Product and Marketing
Description of Business Model Markets and Sales Channels
Description of Business Model Sourcing and Supply Chain
Description of Business Model People and Culture
Group Management Report – Financial Review Internal Management System
Group Management Report – Financial Review Business Performance
Business Performance Income Statement
Business Performance Statement of Financial Position and Statement of Cash Flows
Business Performance Treasury
Business Performance Financial Statements and Management Report of adidas AG
Business Performance Disclosures persuant to German Commercial Code
Group Management Report – Financial Review Business Performance by Segment
Business Performance by Segment Europe
Business Performance by Segment North America
Business Performance by Segment Greater China
Business Performance by Segment Emerging Markets
Business Performance by Segment Latin America
Business Performance by Segment Japan/South Korea
Group Management Report – Financial Review Outlook
Group Management Report – Financial Review Risk and Opportunity Report
Risk and Opportunity Report Illustration of Risks
Risk and Opportunity Report Illustration of Opportunities
Group Management Report – Financial Review Management Assessment
Home Group Management Report – Sustainability Statement
Group Management Report – Sustainability Statement ESRS 2 – General Disclosures
ESRS 2 – General Disclosures ESRS Index
ESRS 2 – General Disclosures Governance
Group Management Report – Sustainability Statement ESRS E1 – Climate Change
Group Management Report – Sustainability Statement ESRS E2 - Pollution
Group Management Report – Sustainability Statement ESRS E3 – Water and Marine Resources
Group Management Report – Sustainability Statement ESRS E4 – Biodiversity and Ecosystems
Group Management Report – Sustainability Statement ESRS E5 – Resource Use and Circular Economy
Group Management Report – Sustainability Statement EU Taxonomy
Group Management Report – Sustainability Statement ESRS S1 – Own Workforce
ESRS S1 – Own Workforce Overview
ESRS S1 – Own Workforce ESRS 2 General Disclosures
ESRS S1 – Own Workforce Impact, Risk and Opportunity Management
ESRS S1 – Own Workforce Metrics and Targets
Group Management Report – Sustainability Statement ESRS S2 – Workers in the Value Chain
Group Management Report – Sustainability Statement ESRS S3 – Affected Communities
Group Management Report – Sustainability Statement ESRS S4 – Consumers and End-Users
Group Management Report – Sustainability Statement ESRS G1 – Business Conduct
Consolidated Financial Statements Consolidated Statement of Financial Position
Consolidated Financial Statements Consolidated Income Statement
Consolidated Financial Statements Consolidated Statement of Comprehensive Income
Consolidated Financial Statements Consolidated Statement of Cash Flows
Notes to the Consolidated Statement of Financial Position Share-Based Payment
Notes to the Consolidated Income Statement Other Operating Income
Notes to the Consolidated Income Statement Other Operating Expenses
Notes to the Consolidated Income Statement Earnings per Share
Additional Information Segmental Information
Additional Information Other Information
Additional Information Information relating to the German Corporate Governance Code
Additional Information Events after the Balance Sheet Date
Consolidated Financial Statements Responsibility Statement
Consolidated Financial Statements Independent Auditor’s Report
Consolidated Financial Statements Independent Auditor’s Assurance Report – Group Sustainability Statement
Additional Information Ten-Year Overview

Luis Díaz in a yellow Colombia adidas jersey in action in a stadium. (Photo)

Financial Calendar

April 29, 2026

First quarter results

May 7, 2026

Annual General Meeting

July 30, 2026

First half results

October 29, 2026

Nine months results

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More about the Outlook

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Annual Report 2025

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Results

Financial Calendar

April 29, 2026

May 7, 2026

July 30, 2026

October 29, 2026

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