Soft consumer demand for food and beverages, due in part to “macroeconomic and geopolitical uncertainty”, along with unfavourable currency adjustments has seen Kerry Group’s revenue drop 2.5% during 2025, its preliminary results show.
The company recorded revenue of just under €6.76bn last year which is down marginally from the €6.93bn recorded in 2024. Volume growth was up 3% year-on-year.
It reported that the revenue decrease was due to pricing reductions of 0.3%, unfavourable translation currency of 3.9%, and the effect from disposals net of contribution from acquisitions of 1.4%.
Its earnings before interest, taxes, depreciation and amortization for the year stood at €1.2bn – up from €1.19bn. Free cash flow dropped from €765.6m to €643.1m.
Chief executive of Kerry Group Edmond Scanlon said “volume growth was driven by a strong performance in the Americas throughout the year”.
“This was led by foodservice innovation and increased nutritional renovation across a broad range of customers, given our positioning as a leader in sustainable nutrition, with customers looking to address nutrition, taste, cost or sustainability aspects.”
Kerry Group said the year saw “soft overall consumer demand” in food and beverage markets “given macroeconomic and geopolitical uncertainty”.
Despite the implementation of tariffs on imports into the US, Kerry Group saw volume growth to the Americas region to 3.8% with revenue generating reaching €3.67b.
It said that within North America, snacks delivered strong growth with its dairy segment also experiencing growth. In its beverage segment, good performance was achieved in refreshing and low/no alcohol categories through botanicals, coffee and other natural extracts.
In Europe volume declined by 0.5% during the year with revenues hitting €1.4bn.
“Volume performance in the retail channel reflected subdued market conditions, while foodservice achieved good overall growth despite a soft finish to the year,” the company said.
Performance in the region was led by its beverage segment.
In the Asia-Pacific and Middle East regions, the company experienced volume growth 4.2% with revenues of €1.64bn.
During 2025, the company bought back 5,698,393 of its own shares returning €500m to shareholders. Since the year end, and up to 31 January 2026, it had purchased an additional 395,175 shares equating to an additional capital return of €29.2m.
