Displaying items by tag: Results

Saudi Arabia: Southern Province Cement recorded net profits of US$11.2m in the first half of 2025, down by 59% year-on-year from US$27.7m. Revenues fell by 11% to US$111m from US$124m in the first half of 2024. In the second quarter of 2025, profits dropped by 50% year-on-year to US$4m, while revenues declined by 9% to US$52m. Quarter-on-quarter, profits fell by 44% from US$7.2m and revenues by 11% from US$59m.

US: Amrize has reported financial results for the second quarter of 2025, noting its successful spin-off and listing of Amrize on the New York Stock Exchange (NYSE) and ‘resilient’ results.

Amrize reported sales of US$3.22bn, down from US$3.24bn in the second quarter of 2024. Adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) fell to US$947m from US$1bn previously. Net income dropped to US$428m from US$473m.

Building materials sales fell to US$2.25bn from US$2.27bn. Cement volumes fell by 6%. Amrize said it was a “resilient performance in a challenging environment with inclement weather in the quarter.” It said that public sector spending had resulted in steady infrastructure demand during the quarter.

The company will add 0.66Mt/yr of cement capacity and improve manufacturing efficiency by the end of 2025 at the company’s flagship cement plant in Missouri and increase capacity by 0.3Mt/yr at the St. Constant cement plant in Quebec. It also broke ground on a new fly ash beneficiation plant in Virginia to enable the use of recycled ash as a supplementary cementitious material.

Jan Jenisch, chair and CEO, said "We successfully listed Amrize on the NYSE on 23 June 2025 and we now begin our growth journey as Amrize in a position of strength, ready to serve our customers as the partner of choice for the professional builders of North America. In the second quarter, we successfully navigated a challenging environment, generating stable revenue and strong margins showing the resilience and strength of our business and market positions."

Ireland: CRH reported second quarter 2025 sales of US$10.2bn, up by 6% from US$9.7bn in 2024, driven by acquisitions and commercial execution despite slowdowns due to inclement weather. Adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 9% year-on-year to US$2.5bn. Net income grew by 2% year-on-year to US$1.3bn.

CEO Jim Mintern said “Our strong second quarter performance was driven by favourable underlying demand, disciplined commercial management and further contributions from acquisitions. CRH's proven strategy continued to drive higher sales and profits, while our robust balance sheet and financial capacity enabled us to allocate approximately US$3bn to growth investments and capital returns year-to-date. We completed 19 acquisitions year-to-date and continue to see an active pipeline of opportunities to further strengthen our market-leading positions in attractive growth markets. Underlying demand in our key end-use markets remains positive and we are pleased to raise our guidance for 2025.”

North Macedonia: Titan subsidiary Cementarnica Usje recorded a 22% year-on-year drop in net profit to €12.3m in the first half of 2025, according to financial statements released. The company said that its operating revenue fell by 9% to €47m in the period.

Spain: FCC recorded net attributable profit of €80.7m in the first half of 2025, 71% lower year-on-year than the €279m for the same period of 2024. The group explained that the reduction was due to the financial spin-off of its cement and real estate divisions (now Inmocemento) and unfavourable exchange rate fluctuations. Between January and June 2025, FCC's consolidated net revenue amounted to €4.56bn, a 7.6% increase compared to the same period in 2024.

Germany: Heidelberg Materials revenue grew by 4% year-on-year to €10.4bn in the first half of 2025 from €9.99bn in the same period in 2024. Its result from current operations before depreciation and amortisation (RCOBD) rose by 5.6% to €1.93bn from €1.83bn. By region revenue and RCOBD rose everywhere except for Pacific Asia and North America respectively.

Dominik von Achten, chair of Heidelberg Materials, said “Next to price adjustments, our strict cost management has proven particularly effective in the second quarter. Our ongoing Transformation Accelerator initiative is fully on track and has helped us to grow our earnings once again with further increasing cost savings… Even though demand is still volatile in some regions, we expect that stabilisation in our core markets is continuing.”

The group opened the world's first industrial-scale carbon capture and storage unit at its Brevik cement plant in Norway in June 2025. Production also started in May 2025 at its calcined clay plant joint-venture in Ghana. In July 2025 the group commenced operations at an industrial pilot plant for enforced carbonation in Górażdże, Poland.

Switzerland: Holcim’s net sales fell by 2.2% year-on-year to €8.46bn in the first half of 2025 from €8.65bn in the same period in 2024. However, sales rose by 1.8% when adjusted for local currencies. Earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 3% to €1.55bn from €1.50bn. By region sales and earnings rose on an adjusted basis in all territories except in Europe. Here the group said “There is a robust infrastructure project pipeline, and the residential sector is showing signs of recovery.”

The group completed the spin-off of its North America-based business in late June 2025. The group is now promoting its NextGen Growth 2030 strategy, released in March 2025, to advance the business. Also during the reporting period, Holcim made four acquisitions in the aggregates sector: Tribex in Serbia; Klokotnitsa IM EOOD and Zhablyano AD, both in Bulgaria; and SA.RE.MER in France. Its Building Solutions made six acquisitions: Compañía Minera Luren in Peru; Algimouss in France; CPC AG in Germany; Horcrisa in Argentina; and Société des Bétons de la Vallée de Seine (SBVS) in France. It also closed the divestment of Karbala Cement Manufacturing in Iraq.

Greece: Titan sales remained stable at €1.33bn in the first half of 2025 due to strong sales in Greece and Egypt. Earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 2% year-on-year to €287m from €281m in the same period in 2024. Sales and earnings fell in the US due to poor weather and a subdued residential market. In Egypt the group noted a ‘construction boom’ connected to foreign investment in tourism-related developments. During the reporting period the company completed the divestment of its stake in Türkiye-based Adocim.

India: Ambuja Cements consolidated revenue rose by 23% year-on-year to US$1.17bn in the first quarter of its 2026 financial year (FY2026), from US$0.96bn in the same period in the 2025 year. Its operating earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 53% to US$223m in the period to 30 June 2025 from US$146m previously. Sales volumes of cement increased by 20% to 18.4Mt from 15.3Mt.

Vinod Bahety, the CEO of Ambuja Cements, said: “Our first quarter results are more than numbers - they reflect a vibrant mood, a transformation narrative rooted in speed, scale and sustainability.” He added, “As we march towards 140Mt/yr ecosystem by FY2028, we remain focused on reimagining cement as a solutions-driven customer-centric business.” The company says it currently has a cement production capacity of 105Mt/yr. It is working towards increasing this to 118Mt/yr by March 2026.

Spain: Molins sales revenue fell by 5% year-on-year top €659m in the first half of 2025 due to negative currency exchange effects in Mexico and Argentina. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) dropped by 8% to €175m. However, both sales and earnings rose if adjusted for currency effects due to price rises and good performance otherwise in Europe and South America.

Marcos Cela, the CEO of Molins, said, "The results for the first half of 2025 reflect the strength of our business model, capable of responding firmly in a complex global environment, which has continued to be marked by economic uncertainty and currency volatility.” In June 2025 the group said it had spent €100m on expansion in the precast concrete sector by buying Portugal-based precast concrete producer Concremat and by starting to build a new plant in Spain.