Welcome to our Annual Review, which provides a summary of our environmental, social and economic activities and performance in 2024. Performance this year was strong across all three of our business divisions, with significant growth driven by the very strong performance of our Taste Division in several markets. Commitment to progress on our sustainability targets, across our sites and also with our suppliers, continued to be of the highest importance in 2024.
Our Purpose: Enriching lives, together
Our Mission: Dedicated to building a better future for people and planet through the creation of healthier, tastier and sustainable foods.
2025 Highlights
Business expansion
Growth across all business divisions
Strong underlying performance across all three business divisions in 2025. Our acquisition of SoluTaste has expanded our flavour business in Brazil and South America.
People & culture
Doing our best work
Our people are the driving force of our company, and we supported them in 2025 with more engagement, communication and development.
Embedding digital
A business powered by data
We continued to bring our ambition of being a data-driven business to life by embracing Al, upskilling our people and investing in technology and capability in digital.
Delivering for shareholders
Adding value
We delivered a leading milk price in 2025, paid €5.8m in our sustainability bonus, added €1.3m to our Stability Fund and engaged our shareholders in our business ambitions.
FINANCIALS
The underlying performance across the three divisions of our business was very strong.
REVENUE
€723m
(+8%)
EBITDA
€52.3m
(+1%)
EBITA
€29.7m
(-3%)
ENVIRONMENTAL
We are committed to a programme of emissions reduction, water optimisation and responsible waste anagement across our organisation.
Carbon Emissions
(+3.97%)
since 2024
This is our total 2024 Scope 1 and 2 emissions – those attributed to operations and fuel use.
On farm emissions
(+5.76%)
since 2024
This figure is for Scope 3 emissions from our farms only, excludes other supply chain.
Waste to landfill
+11.64%
Water
+2.51%
Annual Report 2025
See how Carbery performed in 2025 and how we’re building for the future.
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