Business
Alcon Delivers Solid Third-Quarter 2025 Results with Accelerated Growth in Equipment and Ocular Health; Unity VCS Momentum Builds
GENEVA, November 11, 2025--Alcon Delivers Solid Third-Quarter 2025 Results with Accelerated Growth in Equipment and Ocular Health; Unity VCS Momentum Builds
About this update from Alcon Ag
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With PanOptix Pro resonating well with surgeons and early uptake of Tryptyr showing promise, we're laying the groundwork for a solid 2026."","length":423,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:top;padding-left:0.0px;width:50%;","val":[{"type":"text","content":" Third-quarter and first nine months of 2025 key figures ","length":55,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;padding-left:0.0px;width:1%;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"3","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;padding-left:0.0px;text-align:center;list-style-position:inside;","val":[{"type":"text","content":" Three months ended September 30 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Free cash flow was $1.2 billion in the first nine months of 2025, compared to $1.3 billion in the prior year period, primarily due to increased capital expenditures.","length":301,"tagName":"p"},{"type":"text","content":"During the first nine months of 2025, the company returned $550 million to shareholders. Capital returns include the repurchase of approximately 4.6 million shares 4 for $384 million and dividend payments of $166 million.","length":220,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:top;padding-left:0.0px;width:1%;","val":[{"type":"text","content":"4.","length":2,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:top;width:99%;padding-left:5.0px;","val":[{"type":"text","content":"On February 25, 2025, the Board authorized the repurchase of up to $750 million of the Company’s common shares. Refer to Note 5 of the Condensed Consolidated Interim Financial Statements for details regarding the share repurchase program.","length":238,"tagName":"p","attribs":{}}]}]}],"length":240},{"type":"text","content":" 2025 outlook ","length":12,"tagName":"p"},{"type":"text","content":"The Company maintained its previously communicated full-year 2025 outlook.","length":74,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;width:31%;padding-left:5.0px;","val":[{"type":"text","content":" 2025 outlook 5,6 ","length":15,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;padding-left:0.0px;width:23%;","val":[{"type":"text","content":" as of August ","length":12,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;background-color:#CCEEFF;padding-left:0.0px;width:23%;","val":[{"type":"text","content":" as of November ","length":14,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;background-color:#CCEEFF;padding-left:0.0px;width:23%;","val":[{"type":"text","content":" Comments ","length":8,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;width:31%;padding-left:5.0px;","val":[{"type":"text","content":"Net sales (USD)","length":15,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;padding-left:0.0px;width:23%;","val":[{"type":"text","content":"$10.3 to $10.4 billion","length":22,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;background-color:#CCEEFF;padding-left:0.0px;width:23%;","val":[{"type":"text","content":"$10.3 to $10.4 billion","length":22,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;background-color:#CCEEFF;padding-left:0.0px;width:23%;","val":[{"type":"text","content":"Maintained","length":10,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;width:31%;padding-left:25.0px;","val":[{"type":"text","content":"Change vs. prior year (cc) 1 ","length":27,"tagName":"p","attribs":{}},{"type":"text","content":" (non-IFRS measure) ","length":18,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;padding-left:0.0px;width:23%;","val":[{"type":"text","content":"+4% to +5%","length":10,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;background-color:#CCEEFF;padding-left:0.0px;width:23%;","val":[{"type":"text","content":"+4% to +5%","length":10,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;background-color:#CCEEFF;padding-left:0.0px;width:23%;","val":[{"type":"text","content":"Maintained","length":10,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;width:31%;padding-left:5.0px;","val":[{"type":"text","content":"Core operating margin 2 ","length":22,"tagName":"p","attribs":{}},{"type":"text","content":" (non-IFRS measure) ","length":18,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;padding-left:0.0px;width:23%;","val":[{"type":"text","content":"19.5% to 20.5%","length":14,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;background-color:#CCEEFF;padding-left:0.0px;width:23%;","val":[{"type":"text","content":"19.5% to 20.5%","length":14,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;background-color:#CCEEFF;padding-left:0.0px;width:23%;","val":[{"type":"text","content":"Maintained","length":10,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;width:31%;padding-left:5.0px;","val":[{"type":"text","content":"Non-operating income & expense 7 ","length":35,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;padding-left:0.0px;width:23%;","val":[{"type":"text","content":"$185 to $205 million","length":20,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;background-color:#CCEEFF;padding-left:0.0px;width:23%;","val":[{"type":"text","content":"$185 to $205 million","length":20,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;background-color:#CCEEFF;padding-left:0.0px;width:23%;","val":[{"type":"text","content":"Maintained","length":10,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;width:31%;padding-left:5.0px;","val":[{"type":"text","content":"Core effective tax rate 8 ","length":24,"tagName":"p","attribs":{}},{"type":"text","content":" (non-IFRS measure) ","length":18,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;padding-left:0.0px;width:23%;","val":[{"type":"text","content":"~18%","length":4,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;background-color:#CCEEFF;padding-left:0.0px;width:23%;","val":[{"type":"text","content":"~18%","length":4,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;background-color:#CCEEFF;padding-left:0.0px;width:23%;","val":[{"type":"text","content":"Maintained","length":10,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;width:31%;padding-left:5.0px;","val":[{"type":"text","content":"Core diluted EPS 2 ","length":17,"tagName":"p","attribs":{}},{"type":"text","content":" (non-IFRS measure) ","length":18,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;padding-left:0.0px;width:23%;","val":[{"type":"text","content":"$3.05 to $3.15","length":14,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;background-color:#CCEEFF;padding-left:0.0px;width:23%;","val":[{"type":"text","content":"$3.05 to $3.15","length":14,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;background-color:#CCEEFF;padding-left:0.0px;width:23%;","val":[{"type":"text","content":"Maintained","length":10,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;width:31%;padding-left:25.0px;","val":[{"type":"text","content":"Change vs. prior year (cc) 1 ","length":27,"tagName":"p","attribs":{}},{"type":"text","content":" (non-IFRS measure) ","length":18,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;padding-left:0.0px;width:23%;","val":[{"type":"text","content":"0% to +2%","length":9,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;background-color:#CCEEFF;padding-left:0.0px;width:23%;","val":[{"type":"text","content":"0% to +2%","length":9,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;background-color:#CCEEFF;padding-left:0.0px;width:23%;","val":[{"type":"text","content":"Maintained","length":10,"tagName":"p","attribs":{}}]}]}],"length":562},{"type":"text","content":"This outlook assumes the following:","length":35,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Aggregated markets grow approximately low-single digits;","length":56,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Tariff rates and exemptions announced as of November 10, 2025 persist through the end of the year. The Company expects a full-year gross tariff impact of approximately $100 million, which is expected to pressure cost of net sales. The Company anticipates fully offsetting this impact through foreign exchange as well as operational actions;","length":340,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Exchange rates as of the end of October prevail through year-end;","length":65,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Approximately 497 million weighted-averaged diluted shares. 6 ","length":60,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":521,"olType":false},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:top;padding-left:0.0px;text-align:left;width:1%;","val":[{"type":"text","content":"5.","length":2,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:top;padding-left:5.0px;width:99%;","val":[{"type":"text","content":"The forward-looking guidance included in this press release cannot be reconciled to the comparable IFRS measures without unreasonable effort, because we are not able to predict with reasonable certainty the ultimate amount or nature of exceptional items in the fiscal year. Refer to the section 'Non-IFRS measures as defined by the Company' for more information.","length":370,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:top;padding-left:0....