Holcim reports third quarter 2025 financial results

Miljan Gutovic, CEO: “I thank all of our 45 000 employees worldwide for their contributions to our excellent results in the first nine months of the year. Together, we are delivering on Holcim’s vision to be the leading partner for sustainable construction.

“This month, we marked a milestone in that vision by agreeing to acquire Xella, a European leader in sustainable and innovative walling systems. The acquisition will give Holcim a new growth platform in the highly attractive €12 billion+ walling market, with cross-selling and systems-selling opportunities. It will accelerate the expansion of Holcim’s high-value Building Solutions in line with our NextGen Growth 2030 strategy.

“With accelerating net sales growth in the third quarter, we delivered strong profitable growth for the first nine months of the year with a 9.8% increase in recurring EBIT in local currency and an industry-leading margin of 19.1%. Margin expansion was driven by our high-value strategy, scaling up our sustainable offering to meet customer demand, and accelerating decarbonisation and circular construction for profitable growth, even as we completed 14 value-accretive transactions.

“With these strong results, we confirm our full-year guidance for 2025, which includes delivering recurring EBIT growth of 6% to 10% in local currency with a margin of above 18%, and free cash flow before leases of around CHF 2 billion.”

Delivering strong profitable growth

Net sales of CHF 11 906 million in the first nine months were up 2.9% on a local currency basis compared to the prior-year period. Nine-month recurring EBIT grew over-proportionally compared to net sales to CHF 2 275 million, with a rise of 9.8% in local currency versus the prior-year period. Holcim’s recurring EBIT margin for the first nine months increased by 80 basis points to 19.1% after a further expansion in Q3. As a result, Holcim is on track to deliver industry-leading margins for the full year.

Focused investment in attractive markets

In October, Holcim signed a binding agreement to acquire Xella, a European leader in sustainable and innovative walling systems with projected 2025 net sales of around €1 billion. The acquisition will accelerate the expansion of Holcim’s high-value Building Solutions in line with its NextGen Growth 2030 strategy, with cross-selling and systems-selling opportunities. The transaction is subject to customary conditions and regulatory clearances, and expected to close in H2 2026.

Holcim is continuing to invest in profitable growth in highly attractive markets, closing 14 value-accretive transactions since the beginning of the year.

Building Materials was strengthened with five acquisitions: SA.RE.MER in France; an acquisition to expand Holcim’s commercial network in Spain; Klokotnitsa IM EOOD and Zhablyano AD, both in Bulgaria; and Tribex in Serbia.

Building Solutions expanded with seven acquisitions: Algimouss in France and CPC AG in Germany, as well as an insulation solutions business in Poland for building systems; Société des Bétons de la Vallée de Seine (S.B.V.S.) in France for the ready-mix concrete business; Comosa y Copce in Mexico and Horcrisa in Argentina for ready-mix; and Compañía Minera Luren SA in Peru for building systems.

The acquisition of the cementitious division of BGC was closed by Cement Australia, Holcim’s joint venture in the country. Holcim also closed the divestments of its Nigeria business and Karbala Cement Manufacturing Ltd in Iraq.

Sustainability driving profitable growth

Customer demand for Holcim’s sustainable offering continued to increase. In the first nine months of 2025, net sales of Holcim’s low-carbon ECOPact concrete increased to 31% of ready-mix net sales compared to 26% in the prior-year period, while net sales of ECOPlanet increased to 35% of cement net sales versus 32% in the first nine months of 2024.

Advancing circular construction, Holcim increased the recycling of construction demolition materials by around 20% compared to the prior year period.

Read the article online at: https://www.worldcement.com/europe-cis/24102025/holcim-reports-third-quarter-2025-financial-results/