10-QPeriod: Q2 FY2025

CRH PUBLIC LTD CO Quarterly Report for Q2 Ended Jun 30, 2025

Filed August 6, 2025For Securities:CRH

Summary

CRH Public Ltd Co (CRH) reported solid financial results for the second quarter and first half of 2025. Total revenues for the three months ended June 30, 2025, increased by 6% to $10.2 billion, while for the six months ended June 30, 2025, revenues grew 5% to $17.0 billion. This growth was driven by strong pricing, contributions from acquisitions, and disciplined commercial execution, which more than offset impacts from adverse weather conditions in certain regions. Net income attributable to CRH shareholders for the quarter was $1.319 billion, a slight increase from the prior year, reflecting robust operational performance partially offset by higher depreciation and interest expenses. For the six-month period, net income attributable to CRH shareholders was $1.225 billion, a decrease compared to the prior year, primarily due to the non-recurrence of significant gains from prior year divestitures. CRH continues to focus on strategic acquisitions, completing 13 acquisitions for $0.7 billion in the first half of 2025, and has announced a significant agreement to acquire Eco Material Technologies for $2.1 billion. The company also returned capital to shareholders through share buybacks ($0.6 billion year-to-date) and dividends ($0.5 billion year-to-date). Looking ahead, CRH raises its financial guidance for 2025, expecting favorable underlying demand driven by public infrastructure investment and re-industrialization activity, supported by a strong and flexible balance sheet.

Financial Highlights

54 data points
Beta

Revenue

$10.21B

39.4% Gross Margin

Net Income

$1.32B

12.9% Net Margin

EPS (Diluted)

$1.94

Total Assets

$53.98B

Cash & Equivalents

$2.88B

Free Cash Flow

$723.00M

Financial Statements
Beta
Revenue$10.21B
Cost of Revenue$6.18B
Gross Profit$4.03B
SG&A Expenses$2.12B
Operating Income$1.94B
Net Income$1.32B
EPS (Basic)$1.95
EPS (Diluted)$1.94
Shares Outstanding (Basic)674.80M
Shares Outstanding (Diluted)677.70M

Key Highlights

  • 1Total revenues increased by 6% to $10.2 billion for the three months ended June 30, 2025, and by 5% to $17.0 billion for the six months ended June 30, 2025.
  • 2Net income attributable to CRH shareholders for the quarter was $1.319 billion, a modest increase from $1.297 billion in the prior year.
  • 3Adjusted EBITDA increased by 9% to $2.5 billion for the quarter and by 10% to $3.0 billion for the first six months of the year.
  • 4The company completed 13 acquisitions for $0.7 billion in the first half of 2025 and announced a significant $2.1 billion acquisition of Eco Material Technologies.
  • 5CRH returned $0.6 billion to shareholders through share buybacks and $0.5 billion through dividends in the first six months of 2025.
  • 6Long-term debt increased to $14.6 billion at June 30, 2025, from $9.9 billion at June 30, 2024, with Net Debt rising to $13.4 billion from $10.3 billion.
  • 7The company raised its financial guidance for 2025, expecting continued favorable demand driven by infrastructure investment.

Frequently Asked Questions

CRH's revenue growth in the second quarter of 2025 was primarily driven by disciplined commercial execution and positive pricing, which contributed to a 6% increase in total revenues to $10.2 billion. Acquisitions also played a significant role, adding to the top line. These positive factors helped to offset lower activity levels in regions impacted by adverse weather.

For the first six months of 2025, CRH reported net income attributable to CRH shareholders of $1.225 billion, a decrease of $188 million from $1.413 billion in the same period of 2024. This decrease was primarily attributed to the non-recurrence of significant gains from prior year divestitures, although underlying operating performance remained positive.

CRH has raised its financial guidance for 2025. The company anticipates favorable underlying demand across its key end-use markets, supported by significant public investment in critical infrastructure and ongoing re-industrialization activity. While the new-build residential segment is expected to remain subdued, the repair and remodel activity is projected to be resilient. CRH expects its strategy, market positions, and strong balance sheet to underpin continued growth and value creation.

CRH continues to pursue a strategy of value creation through acquisitions, having completed 13 acquisitions for $0.7 billion in the first half of 2025 and announcing a major $2.1 billion acquisition. The company also focuses on returning capital to shareholders through share buybacks and dividends, having repurchased $0.6 billion in shares and paid $0.5 billion in dividends year-to-date. CRH maintains a strong and flexible balance sheet to fund these activities and support future growth.