Kingspan reports record 2025 results

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

Kingspan has reported record revenue and profitability for the year ended December 31, 2025, underscoring resilience in challenging construction markets while continuing to invest heavily in future growth.

Group revenue increased by 7% to €9.2 billion, while trading profit rose 5% to €955 million (up 8% pre-currency). EBITDA climbed 7% to €1.22 billion, delivering a trading margin of 10.4%.

Basic earnings per share meanwhile rose 1.3% to 370 cent.

The Board has proposed a final dividend of 29.2 cent per share, bringing the total dividend for the year to 55.5 cent, up from 54.8 cent in 2024.

Acquisitions contributed 8% to sales growth and 6% to trading profit growth. During the year, Kingspan invested €751.9 million across acquisitions and capital expenditure, including increased stakes in Steico, full ownership of Nordic Waterproofing, and the acquisition of Mercor’s ventilation and daylighting business in Poland. Year-end net debt stood at €1.88 billion, with net debt to EBITDA at 1.65x, well below covenant limits.

Chief Executive Officer Gene Murtagh said: “Kingspan has delivered record revenue and profitability in 2025 alongside continued investment to power our next phase of growth, including over €750m in organic and M&A activity. Despite having doubled revenues since 2020 we have reduced our own Green House Gas emissions by 70% in the same period and we continue to increase our use of lower embodied carbon (LEC) solutions across our product portfolios.”

He added that over €500 million was invested in Insulated Building Envelopes, including new plants and Kingspan’s entry into the US roofing market. The Advnsys division delivered particularly strong performance, with trading profit up 17% and order intake in early 2026 double the same period last year.

Kingspan also reported a 23.5% reduction in Scope 1 and 2 greenhouse gas emissions in 2025 alone, marking continued progress under its Planet Passionate programme.

Looking ahead, the Group expects trading profit of approximately €1.05 billion in 2026, signalling an acceleration in growth as recent investments begin to bear fruit.