Siemens quarterly figures Q1/2026

© Siemens

Free cash flow in the Industrial Business decreased to €1.0 billion (Q1 2025: €1.7 billion), mainly due to an increase in working capital, partly due to payments due for Mobility projects. Outside the Industrial Business, Siemens recorded a cash outflow of €0.4 billion in connection with the settlement of a disposal obligation for radioactive waste. Provisions for pensions and similar obligations remained low at €0.7 billion as at December 31, 2025.