The ingredients and flavours specialist reported yearly revenue of £5.9 billion, down from its 2024 figure for ‘continuing operations’ of £6 billion.
Accordingly, the business also saw a hit on its after-tax profit, which fell to £575 million from £641 million last year.
On a more positive note, the group saw 3% volume growth across the year, boosted by a particularly strong fourth quarter in the bakery, beverage and snacks categories.
The group’s earnings before interest, taxes, depreciation and amortisation (EBITDA) for FY 2025 was £1.1 billion, up from £1 billion in 2024, with EBITDA margin increasing 0.8% to 17.9%.
On the results, CEO Edmond Scanlon said: “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 €6.8bn and EBITDA of €1.2bn, as we extended our nutritional reach of positive and balanced solutions to 1.46 billion consumers.
“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, with customers looking to address nutrition, taste, cost or sustainability aspects.”
Regionally, Kerry Group experienced strong volume growth in the Americas (3.8%), spearheaded by snacks, dairy and bakery – with its performance on the Brazilian market accounting for significant LATAM uplift.
In Europe, however, the firm saw a small (0.5%) contraction in volume growth, off the back of a disappointing fourth quarter (-2.6%); citing “subdued market conditions” in the retail sector offsetting foodservice growth.
APMEA (Asia-Pacific, Middle East and Africa) results will no doubt offer some comfort, with the region posting 4.2% volume growth, backed by strong growth in foodservice and “solid” growth in retail – spotlighting bakery, meat and meals as key category drivers.
Scanlon added: “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.”
