A €100 million, five-year sponsorship! The INEOS Grenadiers will be renamed Netcompany INEOS Team next month.

Anders Røgård, CEO and co-founder of Netcompany, said: “As a leading AI technology company fighting for European digital sovereignty, partnering with the most successful modern cycling team—and the UK’s only WorldTour team—is a unique opportunity.” “This collaboration supports our strategic goal of accelerating growth across Europe by showcasing the impact of cutting-edge technology and artificial intelligence at the highest level of sport. Together, we are committed to enabling smarter decisions, strengthening competitive advantage, and helping the team win the Tour de France once again.” Founded in 1999 in Copenhagen, Denmark, Netcompany has grown into one of Europe’s leading IT service providers. According to its 2025 financial report, Netcompany generated £906 million in revenue last year, with EBITDA of £146 million—representing year-on-year growth of 20% and 16%, respectively, compared to 2024. Netcompany currently employs nearly 9,000 people, including freelancers. Anders Røgård, CEO and co-founder of Netcompany, said: “As a leading AI technology company fighting for European digital sovereignty, partnering with the most successful modern cycling team—and the UK’s only WorldTour team—is a unique opportunity.” When the team was founded in 2010 as Team Sky, it boasted the highest budget in the peloton; between 2012 and 2019, it won the Tour de France seven times in eight years. After INEOS took over in 2019, its budget was surpassed by UAE Team Emirates–XRG, whose roster centers on Tadej Pogačar; other teams—including Decathlon–CMA CGM, Red Bull–Bora–Hansgrohe, and Lidl–Trek—have also significantly increased their budgets thanks to new sponsorships. Teams such as EF Education–EasyPost and Visma–Lease a Bike have publicly sought additional sponsorship to keep pace with top-tier budgets. Last year, INEOS already brought on TotalEnergies as a sponsor; the hope is that Netcompany’s investment will help narrow the gap with UAE Team Emirates. It remains unclear whether this infusion adds €20 million annually or offsets a reduction in Sir Jim Ratcliffe’s personal funding.

Global Chemical Companies’ 2025 Revenue Top 20

By contrast, BASF—the industry’s long-standing ‘big brother’—had a steady year. Its annual revenue stood at €5.9657 billion (approximately $7 billion), with sales down year-on-year, yet net profit attributable to shareholders doubled to €1.313 billion, reflecting strong underlying profitability resilience. (II) Agrochemicals & European Segment: Bright Spots Amidst a Winter In Europe and the agrochemical sector, companies demonstrated notable resilience. Syngenta reported full-year revenue of $28.4 billion; excluding its strategically divested low-margin grain trading business, its core revenue grew 2% year-on-year, underscoring the stability of its core operations. DSM-Firmenich maintained revenue at approximately €9 billion—essentially flat versus last year. Amid this cyclical downturn, multiple firms opted to sell non-core assets to generate cash flow, thereby optimizing their asset structures and sharpening focus on high-margin core businesses—a strategic shift gradually reshaping the global chemical industry’s competitive landscape. (III) Chinese Strength: Rongsheng Petrochemical Defies Trends, Turns Profitable in Q3 Among the 59 companies covered, Chinese enterprises stood out notably. Rongsheng Petrochemical emerged as the undisputed “revenue champion” in this financial roundup, posting full-year revenue of RMB 30.8622 billion—ranking third among the top ten industry players, behind only China’s two national oil giants. More importantly, its net profit attributable to shareholders rose 17.09% year-on-year to RMB 848 million, signaling that its strategic pivot toward new materials is beginning to bear fruit. Quarterly performance further reveals that the company turned profitable in Q3, indicating a steady recovery in the profitability of its integrated refining-and-petrochemical industrial chain. (IV) Risks in the Chemical Industry Against a backdrop of intensifying industry divergence, some companies face severe operational challenges. Dow posted a full-year net loss of $2.623 billion—swinging from profit to loss. INEOS’s losses widened to €659 million, while Covestro recorded a net loss of €644 million. Overall, the chemical industry in 2025 is undergoing a Darwinian shakeout—“survival of the fittest.” Notably, escalating U.S.–China trade tensions, tariff policy shifts on chemical products, raw material price volatility, and global supply chain reliability remain decisive factors shaping industry success or failure in 2026. 2025 Global Chemical Companies’ Revenue Top 20 Europe BASF Group announced its 2025 results: annual sales revenue totaled €5.9657 billion (approx. $7 billion), down from €6.1444 billion in the prior year. Full-year EBIT amounted to €1.634 billion, versus €1.81 billion in the previous year. Net profit attributable to shareholders reached €1.313 billion, up from €602 million the year before. LyondellBasell announced its Q4 and full-year 2025 results. Q4 sales and other revenue totaled $7.091 billion, down from $7.808 billion in the same period last year.

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