Slide 1: Q3 2025 Results
The Future of Sustainable Nutrition Q3 2025 Results 23 October 2025
Slide 2: Disclaimer: Forward Looking Statements
Disclaimer: Forward Looking Statements This presentation/announcement may contain forward looking statements with projections regarding, among other things, Kerry’s strategy, revenues, earnings, EBITDA, EBITDA margin, finance costs, tax rate, capital expenditure, dividends, share buybacks, cash flow
Slide 3: Q3 2025 Results
Q3 2025 Results Edmond Scanlon Marguerite Larkin Chief Executive Officer Chief Financial Officer © Kerry 2025 | 3
Slide 4: Q3 YTD 2025 Overview
Volume Growth and Strong Margin Expansion Q3 YTD 2025 Overview EBITDA Margin Volume Growth 2025 CCY EPS Expansion +3.0% +90bps Guidance Maintained © Kerry 2025 | 4
Slide 5: Continued strong end market outperformance
Q3 YTD 2025 Business Performance Review Continued strong end market outperformance • Volume growth of 3% (Q3: 3.0%) well ahead of end markets • Pricing of 0.2% reflected limited overall input cost inflation • EBITDA margin expansion of 90bps primarily driven by cost efficiencies, operating leverage,
Slide 6: Regional Review
Regional Review AMERICAS EUROPE APMEA +3.6% +0.4% +4.1% (Q3: +3.5%) (Q3: +0.7%) (Q3: +4.1%) • North America growth led • Good performance in • Strong performance in by Snacks, Dairy & Bakery foodservice, with Southeast Asia, with China continued soft dynamics remaining challenged • Retail delivered
Slide 7: Revenue Analysis
Revenue Analysis Q3 YTD 2024 Q3 YTD 2025 -1.0% Volume Acquisitions Transaction FX Price +0.4% Translation FX +3.0% +0.2% +0.2% -3.6% Disposals -1.2% ¹ Disposal revenue includes the exit of a manufacturing agreement within the Europe region post the finalisation of the Kerry Dairy Ireland separation
Slide 8: Other Financial Matters
Other Financial Matters Net Debt €2.2bn at period end Non-trading items Accelerate 2.0 initiated and progressing well Input costs Limited overall inflation Currency Current FY 2025 EPS translation outlook unchanged (4-5% headwind) © Kerry 2025 | 8
Slide 9: FY 2025 Outlook
FY 2025 Outlook → Kerry’s strong end market outperformance in the period demonstrates the strength of its strategic positioning within its markets, channels and across its customer base. → Looking to the remainder of the year, while recognising a heightened level of market uncertainty, Kerry remains
Slide 10: Appendix
Appendix © Kerry 2025 | 10
Slide 11: Financial Metric Definitions
Financial Metric Definitions Volume Growth Free Cash Flow This represents the sales growth period-on-period, excluding pass- Free cash flow is EBITDA plus movement in average working capital, through pricing on input costs, currency impacts, acquisitions, capital expenditure net (purchase of assets,
Slide 12: The Future of Sustainable Nutrition
The Future of Sustainable Nutrition Q3 2025 Results 23 October 2025