Displaying items by tag: Results

Ireland: CRH recorded total revenues of US$11.1bn in the third quarter of 2025, up by 5% from US$10.5bn in the same period in 2024. Net income rose by 9% year-on-year to US$1.5bn, while adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 10% to US$2.7bn, supported by strong pricing, acquisitions and operational efficiencies.

The group completed nine acquisitions during the quarter with a total value of US$2.5bn.

CEO Jim Mintern said “CRH delivered a strong third quarter performance driven by favourable underlying demand, positive pricing momentum and further contributions from acquisitions.” He added “We are pleased to reaffirm net income and raise our adjusted EBITDA guidance for 2025, representing another record year for CRH. We have completed 27 acquisitions year-to-date, including the acquisition of Eco Material Technologies. Looking ahead to 2026, we expect favourable market dynamics and the continued execution of our strategy to underpin another year of growth and shareholder value creation.”

Greece: Titan Group recorded sales of €684m in the third quarter of 2025, up by 3% year-on-year, supported by growth across all regions. Earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 20% to €187m, driven by firm pricing, cost management and operational improvements.

In Greece, sales and EBITDA grew strongly, supported by double-digit volume increases across product lines amid continued construction market expansion. In the US, improved market conditions and favourable weather helped raise cement, ready-mix, aggregates and fly ash volumes, while sustained pricing strength delivered higher sales and EBITDA in dollar terms. Southeast Europe also recorded strong growth, with higher cement volumes and firm pricing reversing the softer performance seen earlier in the year. In the Eastern Mediterranean, Egypt accounted for most of the region’s revenue and profitability following the sale of Adocim in Türkiye in May 2025, posting strong domestic and export sales.

For the first nine months of 2025, Titan’s sales rose by 1% year-on-year to €2.01bn, while EBITDA grew by 8% to €473.6m (+13% when adjusted for the Adocim sale and currency effects). Domestic cement volumes totalled 13.2Mt, up by 2%.

Ukraine: PrJSC Mykolaivcement recorded a 1.9-fold rise in net profit to US$10.9m between January and September 2025 compared to the same period in 2024. Income from ordinary activities grew by 34% year-on-year to US$45.6m, while gross profit rose by 48% to US$17m. Retained earnings fell by 81% to US$2.6m. In the third quarter of 2025, the company produced 204,500t of cement worth US$12.5m and sold 210,700t for US$20m.

Mykolaivcement said its operations were affected by martial law, exchange rate fluctuations and reduced construction activity due to the political and economic situation in the country. The company cited labour shortages, slow economic recovery and geopolitical instability as continuing challenges.

India: Ambuja Cements recorded a profit after tax of US$259m in the second quarter of the 2026 financial year (FY2026), which runs from July to September, up from US$55.8m in the same period of the 2025 financial year. Revenue from operations rose by 18% year-on-year, from US$850m to US$1.03bn.

CEO Vinod Bahety said “This quarter has been noteworthy for the cement industry. Despite the headwinds from prolonged monsoons, the sector will benefit from the tailwinds of several favourable developments including GST 2.0 reforms, the Carbon Credit Trading Scheme (CCTS), and the withdrawal of coal cess (tax). We have upped our FY2028 target capacity by 15Mt/yr, from 140Mt/yr to 155Mt/yr. This increase of 15Mt/yr from debottlenecking initiatives will come at a much lower capex of US$48/t.”Bahety said that debottlenecking of plant logistics infrastructure will also increase the utilisation of the company’s existing capacity of 107Mt/yr by 3%.

US: Eagle Materials reported ‘record’ revenues of US$639m for the second quarter of the 2026 financial year, ending on 30 September 2025. Net earnings were US$137m and adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) were US$233m. Cement revenues, including joint venture and intersegment sales, rose by 9% to US$385m, while operating earnings increased by 3% to US$120m, partially offset by lower cement prices. Cement sales volumes grew by 8% to 2.2Mt.

President and CEO Michael Haack said “Eagle's portfolio of businesses continued to perform well during the quarter, generating record revenues of $639m. Our cement sales volume was up by 8% as demand remained strong, driven primarily by federal, state and local spending on public infrastructure projects and continued elevated spending across private non-residential construction end markets.”

He added “We enter the second half of fiscal 2026 well-positioned to capitalise on near-and-longer-term growth opportunities, including the future recovery of the housing market, given our strong balance sheet and continued investments in upgrading our assets and network. During the second quarter, we continued to make good progress on modernising and expanding our Mountain Cement plant, and the project remains on time and within budget. This investment will lower the plant's cost structure, improve its reliability and expand its production capabilities, which will strengthen our already low-cost competitive position.”

Spain: Molins recorded a net profit of €141m in the first nine months of 2025, down by 8% year-on-year, mainly due to the depreciation of the Mexican and Argentine currencies. On a like-for-like basis, net profit rose by 3% compared with the corresponding period in 2024. Revenues were €1bn, 2% lower than the same period last year, but up by 7% at constant exchange rates, driven by selling price adjustments amid slowing demand and global uncertainty. Earnings before interest, taxation, depreciation and amortisation (EBITDA) totalled €263m, down by 4%, but up by 6% at constant currencies, supported by higher operating efficiency and favourable pricing effects. The company also achieved one of its 2030 Sustainability Roadmap goals, reducing its clinker factor below 67%, placing it ahead of its 2030 target.

Saudi Arabia: City Cement recorded a 6% year-on-year fall in net profit to US$25.8m in the first nine months of 2025, down from US$27.5m in 2024. This was despite a 7% rise in revenues to US$103m from US$96.5m.

In the third quarter of 2025, the company’s net profit dropped by 74% year-on-year to US$2.3m from US$9m, while revenues fell by 26% to US$25.8m from US$34.8m. Quarter-on-quarter, profit declined by 76% from US$9.7m in the second quarter of 2025, with revenues down by 31% from US$37.3m.

US: Amrize reported third-quarter 2025 revenue of US$3.68bn, up by 6.6% from US$3.45bn in 2024, driven by strong infrastructure demand and improving commercial markets. The company’s building materials revenue grew by 8.7%, supported by higher volumes in aggregates and shingles, while adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) reached US$1.07bn. Net income was US$543m, down slightly from US$552m in 2024. Cement sales volumes rose by 6% to 7.1Mt during the third quarter.

Chair and CEO Jan Jenisch said “Together, we delivered strong revenue growth of 6.6% and free cash flow generation of US$674m, up by US$221m. Our Building Materials business had strong sales with increased customer demand, while margin was affected by a temporary equipment outage in our cement network. This quarter, we made progress across our key organic growth investments and kicked off new projects to expand production and improve efficiency.”

Mexico: Cemex has released its third quarter financial results, reporting a 5% rise in net sales and double-digit consolidated earnings before interest, taxation, depreciation and amortisation (EBITDA) growth, driven by operational efficiencies and higher prices. The company achieved US$90m in EBITDA savings through Project Cutting Edge and expects to reach its full-year target of US$200m.

During this period, Cemex completed the divestment of its operations in Panama and acquired a majority stake in US-based Couch Aggregates. In Europe, the company remains ahead of the European Cement Association’s 2030 CO₂ emissions target. Third-quarter sales in Mexico were down by 2% year-on-year to US$1.12bn, while EBITDA was up by 16% to US$369m. In the US, sales were down by 2% to US$1.31bn, while EBITDA was up by 4% to US$269m. In the Europe, Middle East and Africa region, sales were up by 11% to US$1.38bn, while EBITDA was up by 23% to US$247m. South, Central America and the Caribbean saw sales up by 6% to US$295m and EBITDA up by 55% to US$64m.

CEO Jaime Muguiro said “Our achievements in the quarter confirm that we are setting a strong foundation to position Cemex as a more focused, agile and high-performing company.”

Switzerland: The first nine months of 2025 yielded a 2% year-on-year decline in sales for Holcim, from US$15.3bn to US$15bn. Nonetheless, the company succeeded in raising its recurring earnings before interest and taxation (EBIT) by 2% to US$2.86bn. It recorded year-on-year organic growth of 3% in sales and 11% in EBIT. Holcim noted the centrality of sustainability in its growth in the period. Its sales of ECOPlanet reduced-CO₂ cement rose from 32% to 35% of total cement sales, while its sales of ECOPact reduced-CO₂ concrete sales from 26% to 31% of total ready-mix concrete sales. Its use of construction-demolition materials (CDM) in production rose by 20% year-on-year.

During the period, Holcim continued its on-going diversification through the acquisition of Germany-based walling systems producer Xella. At the same time, the company’s cementitious division continued to target ‘profitable growth in highly attractive markets,’ as exemplified through its Australia-based joint venture Cement Australia’s acquisition of BCG Cement. Across all divisions, Holcim closed 14 value-accretive transactions in the period. It spun off Holcim North America and sold its Nigerian cement business and Iraq-based Karbala Cement Manufacturing.

CEO Miljan Gutovic thanked Holcim’s 45,000 employees, saying "We are delivering on Holcim's vision to be the leading partner for sustainable construction. With accelerating net sales growth in the third quarter of 2025, we delivered strong profitable growth for the first nine months of the year, with a 10% increase in recurring EBIT in local currency and an industry-leading margin of 19%. Margin expansion was driven by our high-value strategy, scaling up our sustainable offering to meet customer demand, and accelerating decarbonisation and circular construction for profitable growth.” Gutovic confirmed Holcim’s full-year guidance for 2025, namely: recurring EBIT growth of 6 – 10% in local currency, with a margin of above 18% and free cash flow before leases of US$2.51bn.