Net Income Per Share

9 Months Ended

Sep. 30, 2025

NET INCOME (LOSS) PER SHARE

A reconciliation of the shares used in the computation of basic and diluted net income (loss) per share is as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(AMOUNTS IN MILLIONS EXCEPT PER SHARE AMOUNTS)	2025		2024		2025		2024
Net Income (loss)


Net income (loss) available to IFF shareholders	$	40	$	58	$	(392)	$	323
Shares
Weighted average common shares outstanding (basic)	256		256		256		255
Adjustment for assumed dilution:
Stock options and restricted stock awards	1		1		—		1

Weighted average shares assuming dilution (diluted)	257		257		256		256

Net Income (loss) per Share
Net income (loss) per share - basic	$	0.16	$	0.23	$	(1.53)	$	1.27
Net income (loss) per share - diluted	0.16		0.23		(1.53)		1.27

The Company declared a quarterly dividend to its shareholders of $0.40 per share for each of the three months ended September 30, 2025 and 2024. For each of the nine months ended September 30, 2025 and 2024, the Company declared quarterly dividends to its shareholders totaling $1.20 per share.

There were approximately 1 million potentially dilutive securities excluded from the computation of diluted net loss per share for the nine months ended September 30, 2025 because there was a net loss attributable to IFF for the period and, as such, the inclusion of these securities would have been anti-dilutive.

For each of the three and nine months ended September 30, 2025 and September 30, 2024, there were approximately 0.3 million share equivalents that had an anti-dilutive effect and therefore were excluded from the computation of diluted net loss per share.

Share Repurchase Program

On August 5, 2025, the Company announced that its Board of Directors has authorized a new share repurchase program with a total value of $500 million. The program began during the fourth quarter of 2025 and does not have a specified term or termination date. Under the program, the Company is authorized to repurchase shares of common stock in privately negotiated transactions, and/or open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act, and in block trades, or a combination of the foregoing. The Board will review the share repurchase program periodically and may authorize adjustment of its term and size. The Company plans to fund repurchases from available cash and cash provided by operating activities.