Holcim's first half results are impressive, with a recurring EBIT margin of 18.3%.

Miljan Gutovic said Holcim delivered profitable growth across the board in the first half, with double-digit growth in recurring EBIT, an industry-leading margin of 18.3% and a significant rise in earnings per share. The margin improvement was driven by our high-value strategy, expanding the supply of sustainable products to meet customer demand, and profitable growth from decarbonization and recycling construction. Since the beginning of 2025, we have completed 11 value-added transactions, focusing on attractive markets. For the full year, our guidance after the demerger includes achieving recurring EBIT growth of 6% to 10% in local currencies, margins in excess of 18% and pre-lease free cash flow of approximately CHF 2 billion. On June 23,

2025, Holcim successfully completed the spin-off of the company's North American business. Following the spin-off, Holcim announced its NextGen Growth 2030 strategy on March 28, 2025, to move into the next phase of growth to consolidate Holcim's position as a leading partner in sustainable construction.

Holcim will continue to invest in quality markets and continue to deliver profitable growth, having completed 11 accretive transactions since the beginning of the year. The

Building Solutions business expanded through six acquisitions: Compa Compañía Minera Luren SA in Peru; Algimouss in France and CPC AG in Germany; Argentina's Horcrisa and France's ready-mix concrete business Soci Société des B Bétons de la Vall Vallée de Seine (S. B. V. S.)

Holcim has also completed the Karbala Cement in Iraq. Divestiture of Manufacturing Ltd.

In terms of promoting recycling construction, Holcim's recycling of building demolition materials increased by 35% compared with the same period last year. In May, Holcim launched OLYMPUS, a carbon capture and storage project supported by the European Union, in the Milaki region of Greece. The OLYMPUS project is designed to produce 2 million tonnes of near-zero emission cement per year and is part of Holcim's commitment to produce more than 8 million tonnes of near-zero emission cement per year by 2030. In 2025

, Holcim expects to achieve the following targets (growth rate in line with NextGen Growth 2030 targets): net sales growth of 3% to 5% in local currency, recurring EBIT growth of 6% to 10% in local currency; recurring EBIT margin of more than 18%; Pre-lease free cash flow of approximately CHF 2 billion; recycling of building demolition materials increased by more than 20%.