Kerry, a leading ingredients supplier, has announced its preliminary financial results for the year ending on December 31, 2025. The company reported a commendable 3% increase in volume growth, indicating robust demand across its product lines.
In terms of financials, Kerry’s reported revenue for the year reached an impressive €6,758 million. This figure comprises various factors: a volume growth of 3.0%, a modest overall pricing reduction of 0.3%, a favorable transaction currency impact of 0.1%, and an unfavorable translation currency effect of 3.9%. Additionally, there was a reduction stemming from disposals net of acquisitions, amounting to 1.4%. Collectively, these elements resulted in an overall revenue decrease of 2.5%.
Furthermore, Kerry’s earnings before interest, taxes, depreciation, and amortization (EBITDA) for the year totaled €1,208 million, an increase from €1,188 million in 2024. This marks a positive trend, as the EBITDA margin rose by 80 basis points to 17.9%. Notably, constant currency adjusted earnings per share grew by 7.5% to reach 481.5 cents, compared to a growth of 9.7% in 2024. However, the increase in reported currency stands at 3.0%, a decrease from the previous year’s rate of 8.7%. The basic earnings per share for this year were recorded at 400.2 cents, down from 424.5 cents in 2024.
Kerry’s strong volume growth has positioned the company favorably within the competitive food and beverage markets. This growth was largely attributed to innovative activities within the foodservice channel and continuous product renovation efforts in the retail sector. Moreover, the company reported substantial progress across a diverse range of technologies, highlighting areas such as savoury taste solutions, Tastesense™ salt and sugar reduction technologies, botanicals, natural extracts, and proactive health ingredients. Their offerings also included taste solutions specifically designed for high-protein applications, enzymes, and bio-fermented ingredients.
Despite these achievements, Kerry noted that food markets this past year have shown signs of “soft” consumer demand due to ongoing macroeconomic and geopolitical uncertainties. Customers have increasingly focused their innovation efforts on developing new and differentiated flavor combinations, products offering functional health benefits, and options that provide relative value.
Edmond Scanlon, the Chief Executive Officer of Kerry, commented on these results, stating, “We delivered another year of strong end-market volume outperformance and margin expansion, supporting high-single-digit constant currency adjusted earnings per share growth. We achieved Group revenue of €6.8 billion and EBITDA of €1.2 billion, as we extended our nutritional reach of positive and balanced solutions to 1.46 billion consumers.”
He elaborated, “Volume growth was driven by a strong performance in the Americas throughout the year. This was led by foodservice innovation and increased nutritional renovation across a broad range of customers, given our positioning as a leader in sustainable nutrition. Customers are actively seeking solutions that address nutrition, taste, cost, or sustainability aspects.”
Moreover, Scanlon emphasized the continued strategic evolution of the company, including the further development of its Biotechnology Solutions and Taste capabilities. Kerry is actively expanding its manufacturing footprint in emerging markets and strengthening its customer innovation center network while executing on its Accelerate program.
In conclusion, as Edmond Scanlon remarked, “As we look to 2026, Kerry remains well positioned for strong market outperformance, supporting our customers as their innovation and renovation partner. We expect to deliver continued volume growth and margin expansion, resulting in constant currency adjusted earnings per share growth of 6% to 10%.”
