Chairman’s Statement
DIE RAPUNZEL WELT
Legau, Germany
Insulated Building Envelopes
Troldtekt® acoustic panels; Troldtekt® baffles
Kingspan enters 2026 with an ambitious pipeline of growth initiatives. We remain focused on innovation, integrity and our Planet Passionate agenda as we accelerate the transition to a net zero emissions built environment.
Jost Massenberg
Chairman
THE CRADLE
Düsseldorf, Germany
Insulated Building Envelopes
Troldtekt® line acoustic panels
KUPITTAA BALL GAME HALL
Turku, Finland
Insulated Building Envelopes
Paroc AST® L panel and AST® L acoustic panel Photography: Dariusz Kaczor
2025 Performance
2025 was a year of mixed market demand against a backdrop of global uncertainty.
Despite these challenges, Kingspan delivered another record performance, with revenue of €9.2bn (2024: €8.6bn), trading profit of €955m (2024: €907m), and earnings per share of 370.0 cent (2024: 365.2 cent).
We also finished the year with a record order book and a strong balance sheet, positioning us well to capitalise on the opportunities ahead.
Delivering on strategy
Our strategy remains anchored in four pillars: Innovation, Planet Passionate, Completing the Envelope and Global. In 2025, we made significant progress across each pillar, further strengthening our foundation for sustainable long-term growth.
UNIVERSITY OF GLOUCESTERSHIRE CITY CAMPUS
Gloucestershire, UK
Insulated Building Envelopes
Thermataper TT47 roof insulation
Dividend and capital
Subject to shareholder approval at the AGM, the Board recommends a final dividend of 29.2 cent per share, bringing the total dividend for the year to 55.5 cent (compared to 54.8 cent in the prior year).
If approved, the dividend will be paid on 20 May 2026 to shareholders on the register at close of business on 10 April 2026. In addition, we returned approximately €149m to shareholders in the first tranche of our €650m share buyback programme, initiated in August 2025, consistent with our balanced approach to investment and shareholder returns.
Our people
Our people remain the cornerstone of Kingspan’s success. Their energy and commitment were evident throughout 2025 as our teams delivered record results whilst advancing our sustainability and innovation programmes.
Through our People Passionate programme, we continue to invest in talent development, safety, and wellbeing, and to foster a culture of inclusion whereby employees feel valued and empowered. On behalf of the Board, I extend my sincere thanks to all colleagues worldwide for their dedication and outstanding contribution.
Board changes and governance
Strong governance remains central to Kingspan’s long‑term value creation. The Board and its committees continue to enhance our governance frameworks, ensuring alignment with best practice and stakeholder expectations.
In May 2025, Linda Hickey retired from the Board. We extend our thanks once again to Linda for her invaluable contribution over 12 years of service.
At the same time, we welcomed Eavan Saunders to the Board as an independent non‑executive director. Eavan brings considerable international corporate, capital markets, and governance experience to the Board.
More recently, we were pleased to announce the appointment of Viet D. Dinh to the Board as an independent non‑executive director with effect from 1 February 2026. We look forward to benefiting from his unique business perspective and international business and governance experience.
THE CRADLE
Düsseldorf, Germany
Insulated Building Envelopes
Troldtekt® line acoustic panels
Looking Ahead
Kingspan enters 2026 with an ambitious pipeline of growth initiatives.
Our US roofing investment programme, the rapid expansion of Advnsys into AI‑driven critical infrastructure, and the continued global rollout of our high-performance insulated building envelope solutions, all underpin our confidence in Kingspan’s long-term growth prospects. We remain focused on innovation, integrity and our Planet Passionate agenda as we accelerate the transition to a net zero emissions built environment.
On behalf of the Board, I would like to thank our employees, customers, suppliers, and shareholders for their continued trust and support.
Jost Masseberg
Chairman
