Amrize deliver third quarter 2025 financial results

Jan Jenisch, Chairman and CEO: "As our first full quarter operating as Amrize, we made progress across our business and I thank our 19 000 teammates for serving our customers across all of our markets.

Together, we delivered strong revenue growth of 6.6% and Free Cash Flow generation of US$674 million, up US$221 million. Our Building Materials business had strong sales with increased customer demand, while margin was affected by a temporary equipment outage in our cement network. Within Building Envelope, operational efficiencies and lower raw material costs delivered margin expansion.

This quarter, we made progress across our key organic growth investments and kicked off new projects to expand production and improve efficiency to serve our customers in attractive markets from Dallas-Fort Worth to Calgary.

The actions we are taking from investing in our business to driving synergies with our ASPIRE program are positioning Amrize to capitalise on the significant, long-term demand in our US$200 billion addressable market."

Revenues were US$3675 million in the third quarter of 2025 compared to US$3446 million in 2024. Revenues grew 6.6% in the quarter, including organic growth of 6.0% driven by volume growth in Building Materials and commercial roofing, combined with positive aggregates and shingles pricing. Infrastructure demand remained strong and the commercial market improved, while the residential market remained soft with lower new construction and a milder storm season.

Net income was US$543 million for the third quarter of 2025, or US$0.98 per share, compared with Net income of US$552 million, or US$1.00 per share, in 2024. Adjusted EBITDA was US$1067 million for the third quarter of 2025 compared with US$1103 million in 2024. Operational efficiencies and lower raw material costs in Building Envelope were offset by US$50 million of higher manufacturing and distribution costs associated with a temporary equipment outage in the cement network. The third quarter of 2024 included US$39 million of higher asset sales compared to the third quarter of 2025.

Building Materials Revenues were US$2774 million in the third quarter of 2025 compared to US$2551 million in 2024. Revenue growth of 8.7% in the quarter includes organic growth of 8.9%, which was primarily driven by strong volume growth across cement and aggregates, combined with positive aggregates pricing growth. Third quarter 2025 Revenues were supported by public infrastructure spending, and commercial investments in data centres and energy related projects.

Third quarter 2025 Adjusted EBITDA for the Building Materials segment was US$902 million, compared to US$942 million in 2024. The decrease was mainly attributable to US$50 million of additional manufacturing and distribution costs associated with a temporary equipment outage in the cement network and lower cement pricing. The third quarter of 2024 included US$39 million of higher asset sales compared to the third quarter of 2025.

Amrize is progressing with key organic growth projects to expand production and improve efficiency in attractive markets. It is on track to increase production and improve operational efficiency in the fourth quarter at its flagship Ste. Genevieve cement plant. In the third quarter, Building Materials kicked off new organic growth projects to increase aggregates production in the Great Lakes region and expand production and improve efficiency at its Midlothian, Texas and Exshaw, Alberta cement plants in the Dallas-Fort Worth and Calgary markets, respectively.

Amrize cash flow and debt

In the third quarter of 2025, operating cash flow was $854 million and Free Cash Flow was US$674 million, up US$221 million from third quarter 2024. Higher cash flow in the quarter was driven by positive working capital and lower cash tax payments partially offset by lower net income and higher CapEx.

Net cash provided from operating activities for the first nine months of fiscal year 2025 was US$404 million compared to US$555 million for the first nine months of 2024. Lower net income and working capital timing were the primary drivers of the year-over-year change in cash provided by operating activities. Capital expenditures for the first nine months of fiscal year 2025 totalled US$631 million compared to US$558 million in the prior year, reflecting an increase in growth investments across the business.

Read the article online at: https://www.worldcement.com/europe-cis/30102025/amrize-deliver-third-quarter-2025-financial-results/