Amrize (AMRZ) Q4 2025 Earnings Call Transcript

Image source: The Motley Fool.

Wednesday, Feb. 18, 2026 astatine 8:30 a.m. ET

• Chairman and Chief Executive Officer — Jan Jenisch

• Chief Financial Officer — Ian Johnston

• Head of Investor Relations — Aroon Amarnani

Jan Jenisch, our Chairman and CEO; and Ian Johnston, our CFO. Jan volition unfastened today's telephone with highlights from the afloat twelvemonth and the 4th fourth arsenic good arsenic the maturation investments we're making successful our business. Ian volition past reappraisal our fiscal show for the 4th earlier turning the telephone backmost to Jan to sermon our outlook for 2026. We volition past instrumentality your questions. Before we begin, during the telephone and successful our descent presentation, we notation definite non-GAAP fiscal measures, which we judge supply utile accusation for investors. We see reconciliations of non-GAAP fiscal measures to U.S. GAAP successful our net merchandise and descent presentation. As a reminder, today's telephone is being webcast unrecorded and recorded.

A transcript and signaling of this league telephone volition beryllium posted to our website. Any statements made astir the aboriginal results and performance, plans and expectations and objections -- objectives are forward-looking statements. These forward-looking statements are taxable to risks and uncertainties that could origin existent results to disagree from those presented during the telephone to assorted factors, including, but not constricted to, those discussed successful our Form 10 filings and successful different reports filed with the SEC. The institution undertakes nary work to publically update oregon revise immoderate forward-looking statements. With that, I volition present crook the telephone implicit to Jan.

Jan Jenisch: Thank you, Aroon, and acknowledgment to everyone for joining america today. 2025 was a precise important twelvemonth for Amrize arsenic we did our palmy spin-off and motorboat successful June of the company. I person focused my clip astatine our operations and projects crossed North America to spot our enactment successful action, conscionable with customers and perceive from our people. What I spot is the market-leading footprint and a performance-driven change. Together, we are delivering for our customers arsenic the spouse of prime for their astir important gathering projects. For the afloat twelvemonth 2025, we accrued revenues by 0.9% to $11.8 billion, with $3 cardinal successful adjusted EBITDA.

We generated a beardown currency travel of $1.5 billion, and our currency conversion complaint was 49%. Overall, we completed the twelvemonth with a nett leverage ratio of 1.1x. Our beardown currency conversion and equilibrium expanse [ for close ] flexibility and firepower to substance our maturation and instrumentality currency to our shareholders. Increased our investments to $788 cardinal during 2025 to grow production, amended efficiencies and champion service our customers successful the astir charismatic markets. Last month, we were excited to denote our statement to get PB Materials, the aggregates person successful West Texas, importantly expanding our presumption successful this high-growth region. Delivering shareholder return.