Ingredients supplier Kerry has published its preliminary results for the year ended 31st December 2025, reporting a 3% rise in volume growth.
Reported revenue for the year was €6,758 million, comprising volume growth of 3.0%, an overall pricing reduction of 0.3%, favourable transaction currency of 0.1%, unfavourable translation currency of 3.9%, and a reduction from disposals net of acquisitions of 1.4%, resulting in an overall decrease of 2.5%.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) for the year was €1,208 million (2024: €1,188 million), with EBITDA margin increasing by 80 basis points to 17.9%. Constant currency adjusted earnings per share increased by 7.5% to 481.5 cent (2024: +9.7%) and 3.0% in reported currency (2024: +8.7%). Basic earnings per share in the year was 400.2 cent (2024: 424.5 cent).
Kerry reportedly delivered “strong” volume growth ahead of food and beverage end markets, which it said was driven by good innovation activity in the foodservice channel and continued product renovation activity in the retail channel. The supplier said good growth was achieved across a broad range of technologies, including savoury taste, Tastesense™ salt and sugar reduction technologies, botanicals, natural extracts, proactive
health ingredients, taste solutions for high-protein applications, enzymes and bio-fermented ingredients.
The business went on to say that food markets in the year reflected “soft” overall consumer demand, given macroeconomic and geopolitical
“uncertainty”. Customer innovation centred around new and differentiated flavour combinations, products with functional health benefits and relative value options.
“As we look to 2026, Kerry remains well positioned for strong market outperformance.”
Edmond Scanlon, chief executive officer, commented: “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.
“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.
“We continued to strategically evolve our business, including further developing our Biotechnology Solutions and Taste capabilities, expanding our manufacturing footprint in emerging markets and strengthening our customer innovation centre network, while executing on our Accelerate programme.
“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%.”
