Kerry Group (LSE:KYGA) shares were down 5%, at €75.40, on Tuesday as the firm released its full-year results and confirmed a boardroom shuffle.
The food ingredients group's numbers showed margin expansion and a fresh €300 million buyback, alongside a separate update confirming chair succession.
For 2025, Kerry reported revenue of €6.76 billion, supported by by 3% volume growth but undermined by slight reduction in pricing. Nonetheless, EBITDA rose to €1.21 billion, with the margin up 80 basis points to 17.9%, while adjusted EPS came in at 481.5 cent, up 7.5% in constant currency. Free cash flow amounted to €643 million, and Kerry ended 2025 with net debt of €2.244 billion. It will pay a final dividend of 98 cent, taking the full-year payout to 140 cent.
Alongside the results, Kerry reiterated 2026 guidance for 6% to 10% constant-currency adjusted EPS growth and said chair Tom Moran will retire at the 30 April 2026 AGM, with non-executive director Fiona Dawson appointed chair designate to succeed him at the meeting.