Kerry Group has announced a 2.5% decline in full-year revenue for 2025, with continuing operations generating £5.9 billion (US$7.5 billion), down from £6 billion (US$7.6 billion) in 2024. The company also recorded a drop in after-tax profit to £575 million (US$731 million), compared with £641 million (US$815 million) the previous year.
Despite the revenue contraction, Kerry achieved 3% growth in volumes during the year, bolstered by a strong fourth-quarter performance across bakery, beverage, and snacks categories. EBITDA rose to £1.1 billion (US$1.4 billion), up from £1 billion (US$1.27 billion) in 2024, while EBITDA margins improved by 0.8 percentage points to 17.9%, reflecting operational efficiencies and product mix enhancements.
Brandspur Brand News reports that Chief Executive Officer Edmond Scanlon described the 2025 performance as resilient, highlighting strong volume outperformance and margin expansion across key markets. “We delivered high-single-digit constant currency adjusted earnings per share growth, extending our nutritional solutions to 1.46 billion consumers globally,” Scanlon stated.
The Americas led volume growth with a 3.8% increase, driven by foodservice innovation, nutritional renovation initiatives, and strong performance in Brazil, which contributed significantly to Latin America’s results. In Europe, Kerry faced challenges, recording a 0.5% contraction in volumes, with a 2.6% decline in the fourth quarter due to subdued retail conditions, despite resilience in foodservice. Scanlon noted, “Western Europe is a smaller region and growth will always be modest, but we expect gradual improvement in 2026.”
In the APMEA region (Asia-Pacific, Middle East, and Africa), volume growth reached 4.2%, supported by robust foodservice and retail demand. Scanlon affirmed that Kerry is well-positioned for continued outperformance in 2026, anticipating sustained volume growth, margin expansion, and strong support for customer innovation and renovation initiatives.
Kerry Group’s FY25 results underscore the company’s ability to maintain operational strength and deliver consistent growth in volumes, even amid challenging market conditions in Europe, reinforcing its role as a leader in sustainable nutrition and global food innovation.
