Kerry Group reports US$4B in H1 2025 revenue amid soft global demand 

IRELAND – Kerry Group has announced a 1.3% rise in revenue for the six months ending June 30, 2025, reaching €3.5 billion (US$4.0B), up from €3.419 billion (US$3.9B) during the same period last year.  

The Irish food technology and ingredients company also posted an increase in profits and earnings, despite challenging market conditions worldwide. 

The group’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) grew to €556 million (US$641.6M) from €517 million (US$596.6M) in the first half of 2024. Profit after tax rose to €303.1 million (US$349.7M), compared to €291.5 million (US$336.3M) in the previous year.  

Kerry attributed the overall performance to continued volume growth and improved product mix, supported by operational efficiency measures. 

The company’s Americas division reported a 3.7% increase in revenue to €1.911 billion (US$2.2B), driven by growth in key categories such as snacks, bakery, and beverages. In the Europe division, revenue edged up by 0.2% to €731 million (US$843.5M).  

Growth was supported by seasonal promotions and new product launches, particularly through quick service restaurants in the foodservice channel. However, retail performance in Europe remained sluggish, reflecting broader market softness. 

In the Asia Pacific, Middle East, and Africa (APMEA) region, revenue rose by 4.2% to €821 million (US$947.3M). This growth was attributed to strong performance in Southeast Asia and steady gains in the Middle East and Africa. However, Kerry reported that demand in China remained subdued during the period. 

During the reporting period, Kerry made notable progress in strategic investments, including the development of a new Biotechnology Innovation Centre in Leipzig, Germany. The company also expanded its enzyme production capacity in Cork and enhanced its cocoa flavour capabilities in Grasse, France. 

Kerry Group CEO Edmond Scanlon noted that the company delivered volume growth and a 9.8% increase in constant currency earnings per share, despite ongoing global uncertainties.  

The company expects volume growth to remain consistent in the second half of the year and anticipates stronger margin expansion. Kerry reaffirmed its full-year guidance of 7% to 11% constant currency adjusted earnings per share growth. 

Subscribe to receive our email newsletters with the latest news and insights from Africa, the Middle East and around the world. SUBSCRIBE HERE