**Kerry Group PLC Q3 2025 Interim Management Statement Summary:**
Kerry Group PLC reported strong performance in the third quarter and year-to-date (YTD) 2025, highlighting volume growth, margin expansion, and strategic advancements despite market challenges.
**Key Highlights**
**Volume Growth:** 3% YTD (Q3: +3%)outpacing end marketsled by BakerySnacksand Dairy.
**Margin Expansion** EBITDA margin improved by 90bps YTD (Q3: +80bps), driven by cost efficiencies, operating leverage, and product mix.
**Revenue** Reported revenue decreased by 1.0% due to adverse foreign currency translation (-3.6%), partially offset by volume growth (+3.0%), pricing (+0.2%), and acquisitions (+0.4%).
**Regional Performance**
**Americas** +3.6% volume growth (Q3: +3.5%), led by Snacks, Dairy, and Bakery.
**Europe** +0.4% volume growth (Q3: +0.7%), with Beverage and Bakery driving growth.
**APMEA** +4.1% volume growth (Q3: +4.1%), led by Bakery, Meat, and Meals, with strong performance in Southeast Asia.
**Strategic Initiatives** Continued investment in bio-fermentation, taste technology, and capacity expansion in APMEA and LATAM. Launch of the Accelerate 2.0 programme for footprint optimisation.
**Financial Position** Net debt of €2.2 billion at September-end, with a strong balance sheet supporting strategic growth.
**Guidance** Maintained full-year constant currency adjusted EPS growth of 7%-11%, despite market uncertainty and currency headwinds.
**CEO Commentary**
Edmond Scanlon emphasized strong performance across nine months, driven by innovation, renovation, and strategic investments. Kerry remains well-positioned for volume growth and margin expansion, supporting customers as an innovation partner.
**Future Outlook**
Kerry is confident in its strategic positioning and ability to navigate market uncertainty, maintaining its full-year guidance despite challenges like foreign currency translation headwinds.
**Contact Information**
Investor Relations and Media contacts provided for further inquiries.
**Disclaimer**
Forward-looking statements are subject to risks and uncertainties, and actual results may differ materially. Kerry does not commit to updating these statements.
| Metric | 2024 (FY) | 2025 (Q3 YTD) | Change |
|---|---|---|---|
| Volume Growth | N/A | +3.0% | N/A |
| Pricing | N/A | +0.2% | N/A |
| EBITDA Margin Expansion | N/A | +90bps | N/A |
| Net Debt | N/A | €2.2 billion | N/A |
| Revenue Growth (Reported) | N/A | -1.0% | N/A |
| Adjusted EPS Guidance (Constant Currency) | €467.5 cent | +7% to +11% | Maintained |
| Foreign Currency Translation Impact on EPS | N/A | -4% to -5% | N/A |