01—Abstract
Summary
Summary of the 10-Q filed November 5, 2025. Cited figures are marked; the original filing is the authoritative source.
CRH Public Ltd Co reported solid financial results for the nine months ended September 30, 2025, demonstrating revenue growth and improved profitability, despite some headwinds.
Total revenues increased by 5% to $28.0 billiona compared to the same period in 2024. While net income saw a slight decrease of $59 million to $2.8 billion, this was largely due to the non-recurrence of significant gains from prior year divestitures. Importantly, Adjusted EBITDA, a key operational performance metric, increased by 10% to $5.7 billion, indicating strong underlying business performance and effective cost management.
The company also saw an improvement in its Adjusted EBITDA margin, increasing by 90 basis points to 20.2%. CRH continued its strategic growth through acquisitions, completing 22 deals totaling $3.2 billionb in the nine-month period, including the significant acquisition of Eco Material Technologies for $2.1 billion. This strategic expansion, coupled with sustained pricing power and operational efficiencies across its Americas and International segments, positions the company favorably for future growth.
The company also returned significant capital to shareholders, with $0.9 billionc in share buybacks and $0.7 billion in dividends paid during the period. Looking ahead, CRH anticipates continued favorable demand in its key end-markets, driven by infrastructure investment and reindustrialization, while acknowledging a subdued outlook for new residential construction.
02—Key points
Key Highlights
- Total revenues for the nine months ended September 30, 2025, increased by 5% to $28.0 billion.
- Adjusted EBITDA grew by 10% to $5.7 billion, indicating strong operational performance.
- Net income decreased slightly to $2.8 billion, primarily due to the non-recurrence of prior year divestiture gains.
- The company completed 22 acquisitions totaling $3.2 billion in the nine-month period, including the $2.1 billion acquisition of Eco Material Technologies.
- Share buybacks amounted to $0.9 billion and dividends paid were $0.7 billion for the nine months ended September 30, 2025.
- Diluted Earnings Per Share (EPS) for the nine months was $3.99, a slight decrease from $4.00 in the prior year.
- Total debt increased to $18.7 billion, with Net Debt rising to $15.0 billion, reflecting investments and capital returns.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in Q3 FY2025, CRH Public Ltd Co kept $0.14.
- Revenue$11.07B100.0%
- Cost of revenue−$6.76B61.1%
- Gross profit$4.31B38.9%
- Operating costs−$2.23B20.1%
- Operating income$2.08B18.8%
- Interest, other & tax−$578.0M5.2%
- Net income$1.50B13.6%
04—Financials
Financial Highlights
Figures from 10-QQ3 FY2025filed November 5, 2025Financial Statements
Q3 FY2025 against Q3 FY2024
| Line item | Q3 FY2025Q3 FY2024 | Change |
|---|---|---|
| Revenue | $11.07B$10.52B | +5.3% |
| Cost of Revenue | $6.76B$6.46B | +4.7% |
| Gross Profit | $4.31B$4.06B | +6.2% |
| SG&A Expenses | $2.34B$2.18B | +7.1% |
| Operating Income | $2.08B$1.96B | +6.0% |
| Net Income | $1.50B$1.38B | +9.2% |
| EPS (Basic) | $2.23$1.99 | +12.1% |
| EPS (Diluted) | $2.21$1.97 | +12.2% |
| Shares Outstanding (Basic) | 672.30M681.60M | −1.4% |
| Shares Outstanding (Diluted) | 675.50M685.50M | −1.5% |
05—Questions
Frequently Asked Questions
What were the primary drivers of CRH's revenue growth in the first nine months of 2025?
CRH's revenue growth of 5% to $28.0 billion was driven by effective commercial execution, continued pricing progress across its segments, and contributions from acquisitions completed during the period. These factors helped offset impacts from divestitures and adverse weather conditions experienced earlier in the year in some regions.
How did CRH's acquisition strategy contribute to its financial performance?
CRH completed 22 acquisitions for a total consideration of $3.2 billion in the nine months ended September 30, 2025. These acquisitions, including the significant Eco Material Technologies acquisition for $2.1 billion, contributed to revenue growth and expanded the company's footprint and product offerings. The company views acquisitions as a key driver of profit growth.
What is the company's outlook for the remainder of 2025 and into 2026?
CRH expects a positive outlook for the remainder of 2025, driven by its strategy, market performance, and recent acquisitions. For 2026, the company anticipates favorable underlying demand in key end-markets, particularly from public infrastructure investment and reindustrialization. While the new residential construction segment is expected to remain subdued, repair and remodel activity is projected to be resilient.
How has CRH managed its debt and capital allocation?
Total short and long-term debt increased to $18.7 billion by September 30, 2025. Net Debt also increased to $15.0 billion, reflecting investments in acquisitions, capital expenditures, share buybacks ($0.9 billion), and dividend payments ($0.7 billion). The company maintains significant undrawn committed facilities and expects its operating cash flows, cash balances, and borrowing facilities to be sufficient for its future liquidity needs.
06—Continue