Revenue
Up 7% to €9.2bn (pre-currency, up 9%).
Trading profit1
Up 5% to €955m, (up 8% pre-currency).
Acquisitions
contributed 8% to sales growth and 6% to trading profit growth.
Profit after tax
Up 4% to €716m (2024: €691m).
Basic EPS
Up 1.3% to 370 cent. Diluted EPS up 1.4% to 367 cent.
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).
Strong free cash generation of €429.3m (2024: €509.4m).
Scope 1 and 2 GHG
emissions reduction
from 2024 to 2025.
Effective tax rate of 16.0% (2024: 17.0%).
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.
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.