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Amrize (AMRZ) Q2 FY2025 earnings: revenue $3.2 billion, down 0.7% on the year

Amrize Ltd. (AMRZ) reported revenue of $3.2 billion for Q2 FY2025, the quarter ended 30 June 2025, down 0.7% on the same quarter a year earlier. Net income was $417 million, down 12.0% on the year, and diluted earnings per share $0.75. The figures are the company's own, from the 10-Q it filed with the SEC on 7 August 2025.

Revenue$3.2 billiondown 0.7%
Net income$417 milliondown 12.0%
Diluted EPS$0.75
QuarterQ2 FY2025ended 30 June 2025

The quarter, against the one before and a year earlier

LineQ2 FY2025Q1 FY2025Q2 FY2024Change on the year
Revenue3,2202,0893,243-0.7%
Cost of revenue2,2771,8522,264+0.6%
Gross profit941237979-3.9%
Gross margin29.2%11.3%30.2%
Selling, general and administrative286243228+25.4%
Operating income657-5.0754-12.9%
Operating margin20.4%-0.2%23.3%
Interest expense143132138+3.6%
Pre-tax income537-133620-13.4%
Income tax122-46.0149-18.1%
Effective tax rate22.7%n/a24.0%
Net income417-94.0474-12.0%
Net margin13.0%-4.5%14.6%
Diluted EPS$0.75-$0.17$0.86-12.8%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

LineQ2 FY2025Q1 FY2025Q2 FY2024Change on the year
Operating cash flow406-847n/an/a
Capital expenditure235213n/an/a
Free cash flow171-1,060n/an/a
Free cash flow margin5.3%-50.7%n/a
Cash from investing51.0-62.0n/an/a
Cash from financing-462-104n/an/a
Depreciation and amortisation187181182+2.7%
Share-based compensation2.01.0n/an/a
Diluted shares, weighted553m553m553m+0.0%
Shares outstanding at period end553m554m553m+0.0%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ2 FY2025Q1 FY2025Q2 FY2024Change on the year
Shareholders' equity12,4349,7509,308+33.6%
Non-controlling interest-1.0n/an/an/a
Debt6,198n/an/an/a
Operating lease liabilities454n/an/an/a
Finance lease liabilities289n/an/an/a
Other liabilities4,408n/an/an/a
Total liabilities and equity23,782n/an/an/a
Goodwill9,029n/an/an/a
Intangible assets1,797n/an/an/a
Cash and equivalents601574360+66.9%
Inventory1,641n/an/an/a
Other assets10,714n/an/an/a
Total assets23,782n/an/an/a

Questions

What was Amrize's revenue in Q2 FY2025?

Amrize (AMRZ) reported revenue of $3.2 billion for Q2 FY2025, the quarter ended 30 June 2025, down 0.7% on the same quarter a year earlier.

How much did Amrize earn in Q2 FY2025?

Net income for Q2 FY2025 was $417 million, down 12.0% on the year, and diluted earnings per share $0.75.

When did Amrize report Q2 FY2025 results?

Amrize filed its 10-Q for the quarter ended 30 June 2025 with the SEC on 7 August 2025.

Quarterly results, the last 8 quarters

Q2 FY2024Q3 FY2024Q1 FY2025 †Q2 FY2025 †Q3 FY2025Q4 FY2025 *Q1 FY2026 †Q2 FY2026
Revenue3,2433,4462,0893,2203,6752,8392,1783,494
Cost of revenue2,2642,4041,8522,2772,5892,0791,9732,501
Gross profit9791,0422379411,086760208993
Gross margin30%30%11%29%30%27%10%28%
SG&A228241243286312278285283
Operating income754844-5.0657778475-72.0711
Operating margin23%24%-0%20%21%17%-3%20%
Interest expense13813713214394.092.078.094.0
Pre-tax income620703-133537689392-145621
Tax rate24%22%n/a23%22%26%n/a24%
Net income474553-94.0417545298-105478
Net margin15%16%-4%13%15%10%-5%14%
Diluted EPS$0.86$1.00-$0.17$0.75$0.98$0.54-$0.19$0.86
Operating cash flown/a623-8474068541,804-893421
Capital expendituren/a221213235185157275248
Free cash flown/a402-1,0601716691,647-1,168173
Shares outstanding553m553m554m553m553m553m554m550m
Filing10-Q10-Q10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 June 2025, filed 7 August 2025: the filing.