Summary Financials

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.

Explore the Annual Report

Planet Passionate

BAMBOO BOOTCAMP
Davao City, Philippines
Insulated Building Envelopes
Onduline Classic bitumen roofing solution

Carbon and Energy

Through our Planet Passionate programme, we aim to help enable lower carbon buildings, not only in the operational phase but also in the upfront and construction phase.

During the year, the Group achieved 70% reduction in scope 1 & 2 GHG emissions against our 2020 base year. Additionally, 50% of large sites (≥5 GWh annual energy consumption) are certified with ISO 50001. This is supported by the completion of 52 energy efficiency projects, further demonstrating our efficiency first approach to decarbonisation.

Circularity

Our vision is to deliver solutions to support the transition to a circular economy within the construction sector.

In 2025, the Group introduced two new targets to reinforce its commitment to a more circular business model. The first focuses on the increased use of recycled and renewable raw materials in our processes (1.05m tonnes used in 2025), whereas the second aims to expand and scale product takeback and recycling schemes (10 schemes facilitated during the year).

Water

As a manufacturer of solutions that harvest and recycle water, we recognise the need for water security and the protection of our natural water systems.

As of 2025, we have 59 rainwater harvesting systems installed across our businesses. These systems have the potential to harvest 68 million litres annually. During the year, we harvested and used 57.3 million litres of rainwater.

Planet Passionate aims to help tackle three big global challenges – climate change, circularity and protection of the natural world.

In 2025, we delivered more than 180 projects, continuing to make significant progress towards our targets, including our circularity and energy efficiency targets introduced this year.

BALTIC HEARTS OFFICES
Vilnius, Lithuania
Insulated Building Envelopes
Dome Solar roof-solar PVC

Our Planet Passionate Targets

In 2025, we continued to make strong progress across our Planet Passionate programme. Now at the midpoint of our decade-long strategy, we have delivered over 600 projects across our global operations. Explore our performance in 2025 below:

Carbon

70%

Target: 65% reduction in Scope 1 & 2 GHG emissions¹˒² from 2020 (%)

Status: 100% complete

4%

Target: 15% reduction in carbon intensity from key raw materials from 2020 (%)

Status: 27% complete

97%

Target: ≥90% zero emission company cars³(annual replacement %)

Status: 100% complete

Energy

63%

Target: 60% renewable energy consumption (%)

Status: 100% complete

50%

Target: ISO 50001 certification for large sites⁴ (%)

Status: 50% complete

61%

Target: Solar PV systems on all wholly owned sites (%)

Status: 61% complete

Circularity

-6%6

Target: Zero waste to landfill⁵ (tonnes)

1.05m

Target: 1.5 million tonnes recycled and renewable raw materials used annually (tonnes)

Status: 70% complete

10

Target: Facilitate 20 product takeback and recycling schemes (no. of schemes)

Status: 50% complete

Water

57.3m

Target: Harvest 100 million litres of rainwater annually (million litres)

Status: 57.3% complete

  1. Excluding biogenic emissions. Scope 2 GHG emissions calculated using market-based methodology.
  2. 2020 base year GHG emissions were recalculated due to acquisitions that occurred in 2021 through to 30 September 2025.
  3. Kingspan defines a ‘zero emissions car’ as a vehicle with zero tailpipe emissions. The boundary does not include the energy used to power the
    vehicle or the embodied emissions from manufacturing. Includes 100% owned Kingspan businesses.
  4. Large sites: Sites with ≥5GWh annual energy use during the prior year 2024.
  5. 90% reduction of waste to landfill in Kingspan manufacturing, R&D and assembly facilities from 2020 base year.
  6. Increase in 2025 waste to landfill relates to legacy waste management processes from a 2024 acquisition which are now resolved.

HORTUS BOTANICUS
Amsterdam, Netherlands
Advnsys
Double-glazed aluminium curtain walls
Photography: ZJA Architects & Engineers

Where Strategy Meets Action

Planet Passionate is not just a set of environmental targets; it is a pillar of our strategy and is deeply embedded in the way we operate.

Download our Planet Passionate Report to read about how this pillar has permeated every facet of our business:

 

Carbon

70%

Reduction in Scope 1 & 2 GHG emissions¹ against 2020 base year.

In 2025, we achieved a 24% reduction in scope 3 GHG emissions and a 4% reduction in the carbon intensity of our key raw materials compared to the 2020 base year.

These achievements were supported by our continued engagement and collaboration with our key suppliers.

Energy

63%

Renewable energy consumption.

Further reductions were achieved this year via the implementation of new renewable energy contracts, deployment of solar PV systems and process electrification.

At the end of 2025, the Group has 50% of large sites² certified with ISO 50001. This is supported by the completion of 52 energy efficiency projects.

Circularity

1.05m tonnes

Following the setting of our new target, in 2025, we used 1.05 million tonnes of recycled and renewable raw materials in the manufacturing of our products.

In 2025, we completed 32 landfill diversion projects resulting in over 3,460 tonnes of waste being diverted from landfill.

As of 2025, we have four product takeback schemes and six recycling schemes in place in key markets. New schemes introduced in 2025 include Joris Ide NextCircle, Tate Reuse Panel, and Kingspan Natural Smoke and Heat Exhaust Ventilators (NSHEVs) takeback.

Water

57.3m

Litres of rainwater harvested.

As of 2025, we have 59 rainwater harvesting systems installed across our businesses. These systems have the potential to harvest 68 million litres annually.

We are delighted to announce we have partnered with Seven Clean Seas, which will facilitate the recovery of approximately 119,000 kg of ocean-bound plastic from Batam, Indonesia and Samut Prakan, Thailand across a three-year period.

 

  1. Excluding biogenic emissions. Scope 2 GHG emissions calculated using market-based methodology.
  2. Large sites: Sites with ≥5 GWh annual energy use during the prior year 2024.

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