**UL Solutions Inc. Reports Fiscal Year 2025 Results**
UL Solutions Inc., a global safety science leader, released its financial results for the fiscal year ending December 31, 2025, showcasing a revenue increase of $183 million, or 6.4%, reaching a total of $3.053 billion compared to $2.870 billion in 2024. This growth was primarily driven by organic expansion across all segments, with the Industrial and Consumer segments leading the way through increased Certification Testing, Non-certification Testing and Other Services, and Ongoing Certification Services revenue. The company's net income remained consistent at $345 million, although the net income margin decreased slightly from 12.0% to 11.3%.
The company's operating income saw a rise of $60 million, climbing to $522 million in 2025 from $462 million in the previous year. However, interest expenses decreased by $14 million due to lower balances on the company's credit facilities, while other expenses increased by $19 million, largely due to the gain on the divestiture of the payments testing business in 2024. The effective income tax rate increased to 26.6% in 2025, compared to 16.9% in 2024, primarily due to the impact of the Qualified Domestic Minimum Top-up Tax and a reduction to uncertain tax positions in the prior year.
Strategically, UL Solutions continued to focus on expanding its core businesses and deploying capital for acquisition-related growth. In July 2024, the company acquired TesTneT Engineering GmbH, a Germany-based hydrogen testing services provider, and in May 2024, it acquired Batterielngenieure GmbH, a German battery testing company. Conversely, in May 2024, UL Solutions divested its payments testing business to Gallant Capital Partners, resulting in a pre-tax gain of $24 million. In November 2025, the company announced a restructuring plan aimed at improving its operating model and exiting certain non-strategic lines of business, with expected pre-tax charges of $42-$47 million.
Operationally, UL Solutions reported serving over 80,000 customers across more than 110 countries in 2025, supported by a global team of 14,587 full-time and 264 part-time employees. The company emphasized its commitment to talent management, engagement, and development, including its UL University program. UL Solutions also highlighted its ongoing efforts to enhance its information technology capabilities, including expanding software-enabled compliance tools and modernizing service delivery systems through automation and intelligent workflows. Looking ahead, UL Solutions intends to leverage its capabilities and reputation to drive growth in its core businesses and expand into new areas, while also employing operational strategies to expand margins.
About UL Solutions Inc.
UL Solutions Inc. is a global leader in testing, inspection, and certification (TIC) services, providing safety, security, and sustainability solutions across industrial, consumer, and emerging markets. It offers product testing, certification, software, and advisory services to help clients meet regulatory standards, ensure product quality, and manage risks. Its trusted UL Mark and extensive expertise support market access and compliance worldwide.
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