Kerry Group

FY25 results in line, solid outlook, further buyback

Against a subdued demand environment, Kerry delivered a solid 2025 result with good progress on volume and margin. Volume growth was ahead of end-markets, driven by strong execution in the foodservice channel. EPS was in line. The 2026 outlook calls for 6-10% constant currency EPS growth with FX a c.4% headwind. Adjusting for FX, we anticipate an EPS forecast in the zone of 501c (from 514c).

• Cathal Kenny
• Morning briefing
• Read Important Disclosures