Shaping
Healthier
Futures
Annual Report 2025
Key Highlights
2025 was a year of strong market outperformance, in which we continued to strategically evolve our business, through the development of our biotechnology solutions and taste capabilities, by expanding our manufacturing footprint in emerging markets, and by strengthening our customer innovation centre network globally.
Group Revenue1
Revenue Volume Growth1,2
Group EBITDA1,2
Group EBITDA Margin1,2
Free Cash Flow2 (cash conversion %)
Net Cash from Operating Activities
Constant Currency Adjusted EPS2
Basic EPS
Return on Average Capital Employed2
Total Dividend Per Share
1 Continuing operations (post divestment of Kerry Dairy Ireland, which is presented as discontinued operations in the financial statements).
2 See Key Performance Indicators section pages 18-19 for further information and the Supplementary Information section pages 282-286 for financial definitions, calculations and reconciliations of Alternative Performance Measures.
Science & Technology
INNOVATING FOR PEOPLE AND PLANET
Our taste and nutrition strategy is underpinned by the deployment of our leading taste and biotechnology capabilities to address customer and consumer needs across food and beverage markets. Each technology area has dedicated teams focused on delivering the next generation of product capability.
Taste
Biotechnology
Our Science Eco-system.
1 Cumulative 10 year operating and capital investment.
Our People
INSPIRING FOOD, NOURISHING LIFE
At Kerry, our Purpose Inspiring Food, Nourishing Life is central to everything we do. The impact of our purpose is evidenced through the passion and commitment of our people to building a better future.
People With Purpose
In 2025, Kerry’s continued success was driven by a globally connected, talented and committed team of more than 19,000 individuals across 50 countries. We remain focused on growing our business by winning together with our customers. We remain focused on growing our business by winning together with our customers, and we move forward together with a shared purpose of Inspiring Food, Nourishing Life.
Sustainability at Kerry
BEYOND THE HORIZON
Launched in 2020, our Beyond the Horizon sustainability strategy is built on three pillars; Better for People, Better for Society and Better for Planet. In 2025, we reached the midpoint of this strategy, reaffirming our commitment to deliver better nutrition for consumers, manage our business and source our materials responsibly, while helping to reduce the environmental impact of food production across the value chain.
Better for People
1.46bn
Consumers reached with positive and balanced nutrition solutions
>80%
of our Taste & Nutrition portfolio delivering positive and balanced nutrition
10 years of making the science of healthier food accessible
Better for Society
35%
of Senior Leadership roles held by Women
3.4
Continuous year-on-year improvement in Total Recordable Incident Rate (TRIR)1
>100
High-risk Suppliers engaged on Human Rights training
Better for Planet
-52%
Reduction in Scope 1 & 2 emissions2
-10%
Reduction in Scope 3 emissions3
-16%
Reduction in Water Withdrawal Intensity2
Sustainability Statement
1 Calculation based on one million hours
2 v 2017 base year
3 v 2022 base year
