About this Report
With the Annual Report 2025, adidas communicates financial and non-financial information in a combined publication. The report provides a comprehensive overview of the financial, environmental, and social performance of adidas in the 2025 financial year.
We publish our Annual Report exclusively in a digital format. It is available as an Online Report and PDF. REPORT.ADIDAS-GROUP.COM
The reporting period is the financial year from January 1 to December 31, 2025. To enhance readability, we do not include registered trademarks in this publication, and we refrain from highlighting rounding differences, which may arise in percentages and totals, where these occur. In addition, we endeavor to use gender-neutral language as far as possible, but on occasion we may use male pronouns to refer to both genders. The adidas Annual Report 2025 is available in English and German.
Independent assurance
The Consolidated Financial Statements prepared by adidas AG, including the Statement of Financial Position, Income Statement, Statement of Comprehensive Income, Statement of Changes in Equity, Statement of Cash Flows, and the Notes as well as the Group Management Report, have been audited by PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft (‘PwC’). SEE Copy of the AUDITOR´S REPORT
In addition, this report contains a Sustainability Statement that has been prepared in accordance with the European Sustainability Reporting Standards (‘ESRS’). It also fulfills the requirements for non-financial reporting obligations in accordance with §§ 289b ff. and 315b to 315c of the German Commercial Code (HGB) and thus represents the Combined Non-Financial Statement for the adidas Group and adidas AG. The Sustainability Statement has been audited with limited assurance by PwC.
It was not part of PwC’s engagement to review the Online Report or references to external sources such as our corporate website. SEE Sustainability STATEMENT SEE Assurance Report of the Independent German Public Auditor on a Limited Assurance Engagement in Relation to the Group Sustainability Statement
Forward-looking statements
Our Group Management Report contains forward-looking statements that reflect Management’s current view with respect to the future development of our company. The outlook is based on estimates that we have made on the basis of all the information available to us at the time of completion of this Annual Report. In addition, such forward-looking statements are subject to uncertainties that are beyond the control of the company. In case the underlying assumptions turn out to be incorrect or the described risks or opportunities materialize, actual results and developments may materially deviate (negatively or positively) from those expressed within such statements. adidas does not assume any obligation to update any forward-looking statements made in the Group Management Report beyond statutory disclosure obligations. SEE OUTLOOK SEE RISK AND OPPORTUNITY REPORT
Alternative performance measures
adidas uses ‘Alternative Performance Measures’ (‘APM’) in its regulatory and mandatory publications that may represent so-called non-GAAP measures. An overview of these alternative performance measures can be found on our website. ADIDAS-GROUP.COM/FINANCIAL-PUBLICATIONS