2025 in review
Paul Duffy Group Chair and Non-Executive Director
Chairman's statement
“Our task now is to accelerate the execution of our Capital Markets Day strategy, to ensure we deliver on a consistent basis over the coming years.”
Hugh McGuire Chief Executive Officer and Executive Director
CEO’s review
“We are reshaping Glanbia into a more focused, higher-growth nutrition business. With a clear strategy, strong execution and exposure to attractive, growing markets and categories, we are well positioned to deliver sustainable earnings growth and long-term shareholder value.”
A message from our CEO
Financial highlights
Revenue
| Name | Value | ||
|---|---|---|---|
| 2025 | 3.9BN | #FFC82D | 2025 |
| 2024 | 3.8BN | #172749 | 2024 |
Return on Capital Employed
| Name | Value | ||
|---|---|---|---|
| 2025 | 11.3% | #FFC82D | 2025 |
| 2024 | 12.4% | #172749 | 2024 |
Adjusted EPS
| Name | Value | ||
|---|---|---|---|
| 2025 | 134.93C | #FFC82D | 2025 |
| 2024 | 140.03C | #172749 | 2024 |
Profit after tax
| Name | Value | ||
|---|---|---|---|
| 2025 | 183.3M | #FFC82D | 2025 |
| 2024 | 164.7M | #172749 | 2024 |
EBITDA
| Name | Value | ||
|---|---|---|---|
| 2025 | 499.1M | #FFC82D | 2025 |
| 2024 | 551.3M | #172749 | 2024 |
OCF cash conversion
| Name | Value | ||
|---|---|---|---|
| 2025 | 91% | #FFC82D | 2025 |
| 2024 | 88% | #172749 | 2024 |
Market trends and growth drivers
Global consumer megatrends are driving unprecedented demand for protein and functional nutrition. Glanbia’s products are uniquely positioned at the centre of these high-growth nutrition categories.
Protein demand rapidly expanding
Fitness is no longer an occasional activity: it is now a lifestyle choice. A growing focus on active lifestyles, new innovations in weight management and a greater understanding of the link between diet, exercise and health has led to the mainstreaming of protein with demand accelerating globally.
Demand for functional benefits from nutrition growing
A desire for improved health and physical wellness is driving the demand for functional ingredients. Consumers are searching for better, healthier and smarter nutritional and functional ingredients that support everything from energy and focus, to muscle repair and gut-health.
Cleaner products gaining consumer preference
Today’s consumers are increasingly seeking greater transparency on the ingredients within their food with demand for clean-label and minimally processed foods on the rise.
Extension of health benefits across occasions
Consumers are increasingly seeking functional nutrition outside of traditional occasions, driving the growth of new high-protein formats (e.g. protein coffee, protein cereal, etc).
Pleasure with purpose emphasising taste and texture
Consumers want to indulge in taste and texture while staying aligned with health and wellness goals. This is often challenging as producers seek to include difficult to work with functional ingredients and molecules into great tasting food.
Experience culture fusing digital and real world
Consumers are looking for better integration of physical wellbeing with digital tools. Experience culture is rising with digital and real world fusing together and consumers seeking health and wellness experiences outside of traditional channels.
Unlocking our growth potential
Our refreshed strategic priorities will help us to achieve our ambitions and to harness Glanbia’s growth potential. We will continue to develop our key enablers, our world-class strategic capabilities and our strong assets.
Unique competitive advantage
Glanbia is the world’s no.1 sports nutrition company and a trusted partner to the world’s food and beverage industry through our nutritionals business. We aim to deliver long-term value for our shareholders through our strategy for future growth by meeting the growing consumer demand for healthier nutrition solutions which is supported by our strong cash generation and balance sheet.
Better Nutrition, Better World
Glanbia’s Better Nutrition, Better World sustainability strategy is rooted in our purpose. We recognise that delivering better nutrition requires protecting natural resources, supporting our people and communities and maintaining strong governance.
of our consumer packaging is recyclable, reusable or compostable
of our manufacturing sites maintained a third-party certificate for food safety & quality.
empty space
Our stories
How we are delivering for success.
Performance Nutrition
Unlocking our growth potential
Delivering better nutrition.
Leveraging our better nutrition portfolio to drive growth through our leading brands and ingredients.
We’re at the heart of better nutrition, operating in fast-growing categories with brands and ingredients that are positioned to win.
Performance Nutrition
Performance Nutrition is the #1 sports nutrition company in the world with a portfolio of leading brands in performance and lifestyle nutrition, including the #1 global sports nutrition brand, Optimum Nutrition.
Health & Nutrition
Health & Nutrition is a global solutions partner, helping customers to create great-tasting products for healthier lives. Working side by side with our customers, we bring together insight, science and high-quality precision nutrient solutions and flavour solutions. Focused on growing categories including functional beverages, active lifestyle, and vitamins, minerals, and supplements, we make it easier for customers to bring better nutrition to market.
Dairy Nutrition
Dairy Nutrition delivers high performance protein, cheese, and bioactive ingredient solutions, backed by global scale and deep expertise. Combining innovation with strong end-use market insights, Dairy Nutrition helps customers develop high-performance products and drive growth in protein-led applications.
- Drive Optimum Nutrition and grow PN globally with our portfolio of lifestyle brands
- Scale Health & Nutrition as a leading solutions partner to customers
- Optimise Dairy Nutrition to maximise profits
- Expand internationally and leverage our global scale Innovate to meet growing consumer needs and occasions
Enabled by transformation, talent & culture and financial discipline.
Global consumer megatrends are driving unprecedented demand for protein and functional nutrition. Glanbia’s products are uniquely positioned at the centre of these high-growth protein and functional nutrition categories.
- Protein demand rapidly expanding
- Demand for functional benefits from nutrition growing
- Cleaner products gaining consumer preference
- Extension of health benefits across occasions
- Pleasure with purpose emphasising taste and texture
- Experience culture fusing digital and real world
- Passion for our customers & consumers
- Performance matters
- Respect for people
- Find a better way
- Win together
- Sense of fun
- Adjusted annual EPS growth 7-11%
- ROCE 10-13%
- OCF conversion 85%+
- Dividend payout ratio 30-40%