Summary Financials

Full Report
7%

Revenue
Up 7% to €9.2bn (pre-currency, up 9%).
5%

Trading profit1
Up 5% to €955m, (up 8% pre-currency).
8%

Acquisitions
contributed 8% to sales growth and 6% to trading profit growth.
4%

Profit after tax
Up 4% to €716m (2024: €691m).
370c

Basic EPS
Up 1.3% to 370 cent. Diluted EPS up 1.4% to 367 cent.
55.5c

Final dividend per share of 29.2 cent (2024: 28.5 cent) giving a total dividend for the year of 55.5 cent (2024: 54.8 cent).
€429.3m

Strong free cash generation of €429.3m (2024: €509.4m).
23.5%

Scope 1 and 2 GHG
emissions reduction
from 2024 to 2025.
16.0%

Effective tax rate of 16.0% (2024: 17.0%).
€1,884m

Year end net debt2 of €1,883.6m (2024: €1,573.0m). Net debt to EBITDA3 of 1.65x (2024: 1.47x).

 
1. Operating profit before amortisation of intangibles.
2. Net debt pre-IFRS 16 per banking covenants.
3. Net debt to EBITDA ratio is pre-IFRS 16 per banking covenants.

Our Impact

Ultra Energy Efficient

219M

219 million tonnes of CO2e will be saved over the life of our insulation systems sold in 2025

Enough to power a major airline for over 11 years

Assumes 60 year product life; based on an EU airline disclosure of over 20.1m tonnes of CO2e emissions for 12 months to March 2025.

Recycled and Renewable Materials

1.05M

We used 1.05 million tonnes of recycled and renewable content in the raw materials used to manufacture our products

Comparable to the municipal waste produced by a city of c.2m people

Assumes c.0.5 tonnes per person pa, OECD average.

Conserved Water

39.8BN

Over 39 billion litres of rainwater will be harvested by our tanks produced in 2025

Enough water to fill nearly 16,000 Olympic swimming pools

Assumes a 20 year product life.

Natural Daylight

3.3BN

Our daylighting systems sold in 2025 create 3.3 billion lumens of natural light annually

Enough to light up over 400k homes

Assumes 10 x 60W bulbs per home.

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Annual Report 2025

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Our two global operating segments are ideally positioned to benefit from structural growth tailwinds. Explore our two solutions Insulated Building Envelopes and Advnsys
2025 marked another year of global expansion.
278sites

In 2025 our manufacturing footprint increased to 278 sites. Kingspan now have a commercial presence in 80+ countries.

Insulated Building Envelopes

Kingspan’s Insulated Building Envelopes segment is a global leader in advanced energy saving solutions for roofs, walls and floors, delivering high-performance building solutions for energy efficiency in both new build and renovation applications across all building types.

Advnsys

Advnsys is a global leader in bespoke critical infrastructure solutions, primarily focused on data centres, ventilation and daylighting. It designs and manufactures high-performance systems that deliver energy efficient lighting, airflow, cooling and ventilation for both new build and renovation projects in data centres and commercial buildings.

Insulated Building Envelopes

Our Insulated Building Envelope solutions help reduce construction time, enhance building performance, improve on-site safety and support customers’ asset values.

Our insulated building envelope systems shift large parts of the construction/manufacturing of buildings into our factories significantly reducing the requirement for labour on the worksite. This helps improve the building quality, speed of construction and lifecycle performance of the building.

 

Single system warranty

By providing a complete envelope solution which incorporates insulated wall panels, roofing panels and/or a single ply roofing system Kingspan is ideally placed to offer customers attractive warranty support.

A single system envelope warranty provides customers with peace of mind on their investment and assurance in the event of adverse weather occurrences.
  1. QuadCore®
  2. Ecofil LEC Rooflight
  3. PowerPanel®
  4. PIR
  5. Single Ply Roofing System
  6. K-Roc® Mineral Fibre
  7. GreenGuard® XPS
  8. AlphaCore®
  9. Steico® Wood Fibre
  10. Kooltherm®
  11. Troldtekt® Acoustic Insulation
  12. Logstor® District Heating
  13. Translucent Wall Panel

Read more about Insulated Building Envelopes

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Advnsys

The burgeoning role of artificial intelligence (AI) has underpinned a surge in data processing needs across the globe. Increased demand for infrastructure to support this phenomenon has seen data centre activity expand exponentially.

Global demand for data centre infrastructure is set to triple by 2030, with 70% of this demand coming from AI workloads (McKinsey, 2025).

The greater computing power needed to support AI, combined with increased rack density in data centres, means that energy management and cooling equipment have become critical to the performance of our customers’ networks.

Kingspan has been serving data centre customers since 1998 when we entered the market with the acquisition of Hewetson.

We then built on our global positioning through the acquisition of Tate in 2001 and subsequent deals including but not limited to ASM, RXL, Q-nis, Sandometal and Fabtek.

Over this period we forged lasting customer relationships based on trust, innovation and collaboration.

IDEALLY POSITIONED IN THE WHITE SPACE.
FUTURE OPPORTUNITIES IN THE GREY SPACE.

IDEALLY POSITIONED IN THE WHITE SPACE. FUTURE OPPORTUNITIES IN THE GREY SPACE.

Current Offering in White Space

  1. Hot Aisle Containment (HAC)
  2. Airflow Panels
  3. Liquid Cooling Manifolds
  4. Mesh Walls Security
  5. Louvre Damper Mesh (LDM)
  6. Structural Ceiling Grid
  7. Air Handling Units
  8. Water Storage
  9. Raised Access Floors

future opportunity in grey space

  1. Cooling Towers
  2. Chillers
  3. Generators
  4. Switchgear
  5. Uninterrupted Power Supply
  6. Power Distribution Unit & Busway
  7. Networking / Servers
Tab 1 image
  1. Hot Aisle Containment (HAC)
  2. Airflow Panels
  3. Liquid Cooling Manifolds
  4. Mesh Walls Security
  5. Louvre Damper Mesh (LDM)
  6. Structural Ceiling Grid
  7. Air Handling Units
  8. Water Storage
  9. Raised Access Floors
  1. Cooling Towers
  2. Chillers
  3. Generators
  4. Switchgear
  5. Uninterrupted Power Supply
  6. Power Distribution Unit & Busway
  7. Networking / Servers

Read more about Advnsys

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2025 was another year of great progress at Kingspan, as we put in place the building blocks for our next wave of growth.

Gene Murtagh
Chief Executive Officer

Read our CEO review

JUBILEE PARK STADIUM
Victoria, Australia

Insulated Building Envelopes
RW roof panel, Europanel® and Rainspan®
Photography: Nicole England

If you would like to discover more about what we’re doing across our business, explore our strategic pillars

Planet Passionate

Innovation

Global

Completing the Envelope