Holcim 2025: Double-Digit EBIT Growth, 18.3% Margin
- Net sales reached CHF 15,724 million, with a 3.0% increase in local currency.
- Recurring EBIT grew by 10.3% in local currency, reaching CHF 2,876 million.
- Holcim completed 21 transactions in 2025, including agreements to acquire Xella and a majority stake in Cementos Pacasmayo.
- Free cash flow was CHF 2,154 million, with a cash conversion rate of 54%.
Financial Performance
Holcim reported net sales of CHF 15,724 million for 2025, marking a 3.0% increase in local currency. The recurring EBIT reached CHF 2,876 million, reflecting a 10.3% growth in local currency. The EBIT margin expanded by 80 basis points to 18.3%, driven by cost discipline and operational excellence.
Cash Flow and Earnings
The company generated a free cash flow of CHF 2,154 million, with a cash conversion rate of 54%. Earnings per share increased by 5.0% to CHF 3.22. A proposed dividend of CHF 1.70 per share, not subject to Swiss withholding tax, represents a payout ratio of 53%.
Strategic Transactions
In 2025, Holcim completed 21 transactions to focus on attractive markets. Notable agreements include the acquisition of Xella, a leader in sustainable walling systems, and a majority stake in Cementos Pacasmayo, a key building materials producer in Peru. Both deals are pending regulatory approval.
Sustainability Initiatives
Holcim increased its use of recycled construction demolition materials by 23.5%, reaching 8.0 million tons. The company aims for a further increase of over 20% in 2026, aligning with its NextGen Growth 2030 strategy.
Source: Holcim