SWX:HOLNBasic Materials
How Holcim’s 2025 Profit Surge Despite Lower Sales At Holcim (SWX:HOLN) Has Changed Its Investment Story
Holcim AG has released its full-year 2025 results, reporting sales of CHF 15,724 million versus CHF 16,201 million in 2024 and net income of CHF 13.18 billion compared with CHF 2.93 billion, alongside sharply higher basic earnings per share of CHF 23.85.
The contrast between lower sales and very large growth in net income and earnings per share suggests significant non-operational or one-off effects that investors will want to unpack on the 2025 earnings call held on 27 February 2026.
We’ll...