Kerry Group Announces €300 Million Share Buyback Amidst Revenue and Profit Dip

Kerry Group, a global leader in taste and nutrition solutions, announced a new €300 million share buyback program on June 20, 2025, despite reporting lower revenues and profits for 2025. The move signals confidence in the company’s financial health and commitment to shareholder returns.

Financial Performance in 2025

Kerry Group reported revenues of €6.758 billion for 2025, a decrease from the €6.929 billion recorded in 2024. After-tax profits also declined to €658.8 million, compared to €733.2 million in the previous year. The company attributed the softer consumer demand to macroeconomic and geopolitical uncertainty. Source

Share Buyback Program Details

The €300 million share buyback program, announced on May 1, 2025, will commence on June 20, 2025, and conclude no later than February 27, 2026. Source J&E Davy will execute the buyback on behalf of Kerry Group, purchasing up to 16,489,274 A Ordinary Shares of €0.125 each. Source The purpose of the program is to reduce the company’s share capital, with repurchased shares to be cancelled. Source

Dividend Increase

Kerry’s board has proposed a final dividend of 98 cent per share, representing a 10.1% increase compared to the final 2024 dividend. Combined with the interim dividend of 42 cent per share, the total dividend for the year amounts to 140 cent, also a 10.1% increase year-over-year.

Regional Performance

Americas: Revenues in the Americas unit increased by 3.8% to €3.674 billion, driven by growth in Snacks, Dairy, and Bakery.
Europe: Revenue in the Europe region decreased by 0.5% to €1.440 billion, with subdued retail performance offset by growth in foodservice.
APMEA: Revenue in the APMEA Region rose by 4.2% to €1.644 billion, led by growth in Bakery, Meat, and Meals, particularly in Southeast Asia.

Strategic Outlook and Leadership Transition

Edmond Scanlon, Kerry’s chief executive, stated the company delivered strong volume growth and margin expansion, resulting in high-single-digit constant currency adjusted earnings per share growth. Kerry expects to deliver continued volume growth and margin expansion, projecting constant currency adjusted earnings per share growth of 6% to 10% in 2026. Source

Tom Moran will retire as Chair at the end of the AGM on April 30, with Fiona Dawson appointed as Chair Designate.

Key Takeaways

• Kerry Group announced a €300 million share buyback program despite a decline in 2025 revenues and profits.
• The company is increasing its dividend by 10.1% to 140 cent per share.
• Growth was strongest in the Americas and APMEA regions, while Europe experienced a slight revenue decline.
• Kerry anticipates continued growth and margin expansion in 2026.
• A leadership transition is underway with Fiona Dawson set to become the new Chair.