CRH Plc Q4 FY2025 earnings call

• Jim Mintern started the call, highlighting record financial performance in 2025 with double-digit adjusted EBITDA growth and 12th consecutive year of margin expansion. • Invested $4.1 billion in 38 value-accretive acquisitions and $1.7 billion in growth CapEx projects. • Declared a quarterly dividend of $0.39 per share, a 5% increase. Commenced a further quarterly share buyback tranche of up to $300 million. • Randy Lake discussed business segment performances. • Nancy Buese talked about financial strength, capital allocation activities including M&A, growth CapEx, dividends, and share buybacks. • Jim Mintern outlined strategic positioning across megatrends like transportation, water, and reindustrialization. • Randy Lake gave examples of driving value at scale in roads and reindustrialization.

Americas Materials Solutions: Total full year revenues and adjusted EBITDA were 5% and 7% ahead, driven by good pricing momentum, operational efficiencies and contributions from acquisitions. Aggregates pricing increased by 4% or 6% on a mix-adjusted basis. Cement pricing increased by 1%. Roads revenues were 4% ahead despite challenging weather. Margin expansion of 30 basis points to 23.5%. Americas Building Solutions: Delivered further profit growth and margin expansion. Building and Infrastructure Solutions supported by strong data center and infrastructure demand. Outdoor Living had resilient underlying demand in residential repair and remodel. Total revenue growth of 1% translated into 6% increase in adjusted EBITDA and 100 basis points of margin expansion. International Solutions: Delivered strong profit growth and further margin expansion. Revenue up 8%, adjusted EBITDA up 23%, margin expansion 200 basis points. Western Europe had solid infrastructure and reindustrialization demand. Central and Eastern Europe had positive demand. Australia performed well with good underlying demand and synergy delivery from acquisitions.

• Expect full year adjusted EBITDA in 2026 to be between $8.1 billion and $8.5 billion, net income between $3.9 billion and $4.1 billion, and diluted earnings per share between $5.60 and $6.05. • Positive backdrop from transportation (robust demand with IIJA funds and state budgets), water (strong funding), reindustrialization (strong demand for data centers and manufacturing), and international infrastructure demand. • Expect about $200 million of net incremental EBITDA in 2026 from 2025 acquisitions. • Eco Material integration progressing well with early synergies. • Cost inflation a factor, but pricing momentum and performance improvement programs expected to drive margin progression.

Q: Regarding guidance, further color on top line growth, EBITDA growth on different divisions and if guidance includes recent divestment.

A: Jim Mintern set broad background, Randy Lake commented on volume and price, Nancy Buese wrapped up financial perspective.

Q: View on prospects of new multiyear highway bill in 2026 and impact.

A: Jim Mintern and Randy Lake discussed positive funding backdrop, ongoing conversations, and impact on projects and letting activity.

Q: International Solutions business growth in 2025 and margin increase details.

A: Jim Mintern discussed strong performance in international division, portfolio optimization, and 2026 outlook.

Q: Eco Materials integration progress and cost inflation assumptions.

A: Randy Lake talked about Eco integration progress and cost inflation as a factor driving pricing.

Q: Americas Building Solutions performance in 2025 and 2026 outlook.

A: Jim Mintern discussed 2025 performance drivers and 2026 outlook on reindustrialization.

Q: M&A environment in 2026 and synergy realization.

A: Jim Mintern talked about M&A activity and synergy realization.

Q: Connected portfolio as differentiator in M&A and growth.

A: Jim Mintern discussed connected portfolio's role in M&A optionality, growth deployment, and performance