Amrize announce results for the fourth quarter and full-year of 2025

Performance highlights and 2026 guidance

• Revenues up 0.9% to US$11.8 billion on infrastructure demand and improving commercial market.
• Net income of US$1.2 billion and Adjusted EBITDA of US$3.0 billion.
• Strong Operating Cash Flow of US$2.2 billion and Free Cash Flow of US$1.5 billion.
• Building Materials Revenue growth continued in fourth quarter with strong margin expansion.
• Strong commercial repair and refurbishment trends in Building Envelope; softer residential demand.
• 2026 guidance: Revenues +4 – 6%, Adjusted EBITDA +8 – 11%.

Shareholder return plan

• Share Repurchase Authorisation of US$1.0 billion.
• Special one-time dividend of US$0.44 per share.
• Annual ordinary dividend of US$0.44 per share to be paid in quarterly installments.

Jan Jenisch, Chairman and CEO: "2025 was a milestone year for Amrize as we completed our spin-off, delivered for our customers and set the foundation for our long-term, profitable growth. I thank our 19 000 empowered teammates who are serving our customers across North America as the partner of choice for their most important building projects.

We increased revenues to US$11.8 billion and delivered US$3.0 billion of Adjusted EBITDA driven by infrastructure demand and an improving commercial market. As we closed the year, we saw growing customer demand in cement and aggregates, as well as continued positive pricing. Our Building Envelope business was affected by the soft residential roofing market, while commercial repair and refurbishment remained resilient.

We generated strong Free Cash Flow on the year and achieved a Net Leverage Ratio of 1.1x. Our strong cash conversion and balance sheet provide the flexibility and firepower to fuel our growth and return cash to our shareholders.

We invested US$788 million in CapEx in 2025, and plan to increase these investments to US$900 million in 2026 to accelerate our growth. We are also ramping up our value-accretive M&A to expand our footprint in the most attractive markets, demonstrated recently with our agreement to acquire PB Materials, the leading aggregates business in high-growth West Texas.

Delivering shareholder return, our Board has authorised a US$1.0 billion share repurchase programme, and proposes a special one time dividend as well as an annual ordinary dividend.

We are delivering on our commitment to invest for growth and create value for all stakeholders. We are well positioned in our US$200 billion addressable market and have set our 2026 guidance reflecting accelerating customer demand and profitable growth."

Shareholder return plan

The Board of Directors has approved a US$1.0 billion share repurchase programme, pending approval of the 2025 financial statements at the AGM, with a 12-month expiration.

The Board of Directors also proposes a special, one-time dividend of US$0.44 per share, payable following approval by shareholders at the AGM, as well as a US$0.44 ordinary annual dividend per share, payable in quarterly installments, at the discretion of the Board.

Dividends will be paid out of capital contribution reserves and are not subject to Swiss withholding tax.

Read the article online at: https://www.worldcement.com/the-americas/18022026/amrize-announce-results-for-the-fourth-quarter-and-full-year-of-2025/