Holcim strengthens financial and sustainable footprint in 2025

According to the reported figures:

• Net sales reached CHF 15,724 million, up +3.0% in local currency, with Q4 recording a +3.4% increase.
• Recurring EBIT amounted to CHF 2,876 million, up +10.3% in local currency, with Q4 growth of +12.2%.
• Recurring EBIT margin expanded to 18.3%, an increase of +80 basis points, ranking among the highest in the industry.
• Earnings per share (EPS) rose to CHF 3.22, up +5.0%.
• Free cash flow reached CHF 2,154 million, with a cash conversion ratio of 54%.
• A dividend of CHF 1.70 is proposed, exempt from Swiss withholding tax, representing a 53% payout ratio.
• Sustainability: Holcim increased recycled construction and demolition materials by 23.5%, reaching a total of 8.0 million tonnes.

CEO Statement – Miljan Gutovic

“I warmly thank the more than 45,000 employees of Holcim for their outstanding work and for our excellent results in 2025. By achieving all 2025 targets, our NextGen Growth 2030 strategy is now fully operational. We delivered strong profitable growth in 2025, with double-digit increases in recurring EBIT in local currency and a leading industry EBIT margin of 18.3%. Margin expansion was driven by disciplined cost management, operational excellence, and the scaling of our sustainable offerings to meet rising customer demand.

Holcim completed 21 transactions in 2025, focusing on the most attractive markets. As previously announced, we signed agreements to acquire Xella, a European leader in sustainable and innovative masonry systems, and a majority stake in Cementos Pacasmayo, a leading building materials producer in Peru. Both transactions are subject to regulatory approvals and customary closing conditions.

Building on our strong 2025 performance, guidance for 2026 anticipates growth in net sales and recurring EBIT in line with the NextGen Growth 2030 strategy, further expansion of the recurring EBIT margin, free cash flows of approximately CHF 2 billion, and an increase of over 20% in recycled construction and demolition materials.”