Kerry Group plc (KYGA) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and thank you for standing by. Thank you, operator. Good morning and welcome to Kerry's full year 2025 results call. I'm joined on the call by our CEO, Edmund Scanlon, and our CFO, Marguerite Larkin. Edmund and Marguerite will take you through today's presentation, and following this, we will open up the lines for your questions. Before we begin, please take note of our disclaimer regarding forward-looking statements. I will now hand over to Edmund. Thanks, William. Good morning, everyone, and thank you for joining our call. Beginning with the overview of 2025 on slide four and starting with performance. We're pleased to report that we delivered another year of strong end market volume outperformance, margin expansion, and earnings per share growth. While overall market volumes remained relatively subdued through the year, we continue to demonstrate our ability to consistently outperform our end markets with volume growth of 3%, highlighting the strength and relevance of our business. This growth was driven by a strong performance in the Americas throughout the year, led by food service 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 also delivered strong margin expansion of 80 basis points, with EBITDA margins just under 18%. and we're well on track to achieve our margin targets, which we will give you more color on later. Moving to earnings, we delivered constant currency EPS growth of 7.5% in 2025, which is stated after the dilution from the Dairy Ireland disposal in the prior year. This was on top of the 9.7% growth we delivered in 2024, and we're looking to achieve anot...