Item 1. Financial Statements

Condensed Consolidated Statements of Income (Unaudited)

(in $ millions, except share and per share data)

			Three months ended						Nine months ended
			September 30						September 30
			2025			2024			2025			2024
Product revenues			8,087			7,482			21,618			20,158
Service revenues			2,982			3,033			6,413			6,544
Total revenues			11,069			10,515			28,031			26,702
Cost of product revenues			(4,083)			(3,674)			(11,992)			(11,010)
Cost of service revenues			(2,677)			(2,782)			(5,867)			(6,151)
Total cost of revenues			(6,760)			(6,456)			(17,859)			(17,161)
Gross profit			4,309			4,059			10,172			9,541
Selling, general and administrative expenses			(2,338)			(2,184)			(6,291)			(5,919)
Gain on disposal of long-lived assets			110			89			153			199
Operating income			2,081			1,964			4,034			3,821
Interest income			37			33			104			112
Interest expense			(209)			(164)			(590)			(452)
Other nonoperating income (expense), net			12			62			(17)			246
Income from operations before income tax expense and income from equity method investments			1,921			1,895			3,531			3,727
Income tax expense			(428)			(531)			(795)			(942)
Income from equity method investments			26			25			17			27
Net income			1,519			1,389			2,753			2,812
Net (income) attributable to redeemable noncontrolling interests			(10)			(9)			(18)			(21)
Net (income) attributable to noncontrolling interests			(6)			(4)			(7)			(2)
Net income attributable to CRH			1,503			1,376			2,728			2,789
Earnings per share attributable to CRH
Basic			$2.23			$1.99			$4.02			$4.03
Diluted			$2.21			$1.97			$3.99			$4.00
Weighted average common shares outstanding
Basic			672.3			681.6			674.4			685.0
Diluted			675.5			685.5			678.2			690.0

The accompanying notes form an integral part of the Condensed Consolidated Financial Statements.

CRH Form 10-Q 3

Condensed Consolidated Statements of Comprehensive Income (Unaudited)

(in $ millions)

			Three months ended						Nine months ended
			September 30						September 30
			2025			2024			2025			2024
Net income			1,519			1,389			2,753			2,812
Other comprehensive (loss) income, net of tax:
Currency translation adjustment			(57)			363			692			166
Net change in fair value of effective portion of cash flow hedges, net of tax of $3 million and $6 million for the three months ended September 30, 2025, and September 30, 2024, respectively; and $2 million and $8 million for the nine months ended September 30, 2025, and September 30, 2024, respectively			21			(8)			(12)			(26)
Actuarial (losses) gains and prior service (costs) credits for pension and other postretirement plans, net of tax of $nil million and $(1) million for the three months ended September 30, 2025, and September 30, 2024, respectively; and $1 million and $nil million for the nine months ended September 30, 2025, and September 30, 2024, respectively			(2)			(7)			(18)			(8)
Other comprehensive (loss) income			(38)			348			662			132
Comprehensive income			1,481			1,737			3,415			2,944
Comprehensive (income) attributable to redeemable noncontrolling interests			(10)			(9)			(18)			(21)
Comprehensive (income) attributable to noncontrolling interests			(4)			(38)			(45)			(17)
Comprehensive income attributable to CRH			1,467			1,690			3,352			2,906

The accompanying notes form an integral part of the Condensed Consolidated Financial Statements.

CRH Form 10-Q 4

Condensed Consolidated Balance Sheets (Unaudited)

(in $ millions, except share data)

			September 30			December 31			September 30
			2025			2024			2024
Assets
Current assets:
Cash and cash equivalents			4,198			3,720			2,978
Restricted cash			90			39			102
Accounts receivable, net			6,961			4,820			6,422
Inventories			5,019			4,755			4,644
Other current assets			584			749			694
Total current assets			16,852			14,083			14,840
Property, plant and equipment, net			23,783			21,452			21,289
Equity method investments			743			737			929
Goodwill			12,676			11,061			10,906
Intangible assets, net			2,146			1,211			1,105
Operating lease right-of-use assets, net			1,412			1,274			1,322
Other noncurrent assets			915			795			830
Total assets			58,527			50,613			51,221
Liabilities, redeemable noncontrolling interests and shareholders’ equity
Current liabilities:
Accounts payable			3,156			3,207			2,963
Accrued expenses			2,393			2,248			2,513
Current portion of long-term debt			3,968			2,999			3,218
Operating lease liabilities			257			265			271
Other current liabilities			1,822			1,577			1,703
Total current liabilities			11,596			10,296			10,668
Long-term debt			14,734			10,969			10,672
Deferred income tax liabilities			3,595			3,105			3,168
Noncurrent operating lease liabilities			1,188			1,074			1,117
Other noncurrent liabilities			2,785			2,319			2,430
Total liabilities			33,898			27,763			28,055
Commitments and contingencies (Note 17)
Redeemable noncontrolling interests			419			384			361
Shareholders’ equity
Preferred stock, €1.27 par value, 150,000 shares authorized and 50,000 shares issued and outstanding for 5% preferred stock and 872,000 shares authorized, issued and outstanding for 7% 'A' preferred stock, as of September 30, 2025, December 31, 2024, and September 30, 2024			1			1			1
Common stock, €0.32 par value, 1,250,000,000 shares authorized; 709,054,314, 718,647,277 and 721,319,880 issued and outstanding, as of September 30, 2025, December 31, 2024, and September 30, 2024 respectively			287			290			291
Treasury stock, at cost (38,581,568, 41,355,384 and 41,493,074 shares as of September 30, 2025, December 31, 2024, and September 30, 2024 respectively)			(2,027)			(2,137)			(2,141)
Additional paid-in capital			361			422			392
Accumulated other comprehensive loss			(381)			(1,005)			(499)
Retained earnings			25,068			24,036			23,831
Total shareholders’ equity attributable to CRH shareholders			23,309			21,607			21,875
Noncontrolling interests			901			859			930
Total equity			24,210			22,466			22,805
Total liabilities, redeemable noncontrolling interests and equity			58,527			50,613			51,221

The accompanying notes form an integral part of the Condensed Consolidated Financial Statements.

CRH Form 10-Q 5

Condensed Consolidated Statements of Cash Flows (Unaudited)****(in $ millions)

			Nine months ended
			September 30
			2025			2024
Cash Flows from Operating Activities:
Net income			2,753			2,812
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion, amortization and impairment			1,606			1,288
Share-based compensation			104			96
Gains on disposals from businesses and long-lived assets, net			(126)			(389)
Deferred tax expense			175			195
Income from equity method investments			(17)			(27)
Pension and other postretirement benefits net periodic benefit cost			17			27
Non-cash operating lease costs			208			188
Other items, net			5			(17)
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:
Accounts receivable, net			(1,940)			(1,527)
Inventories			(24)			(45)
Accounts payable			(264)			(276)
Operating lease liabilities			(226)			(218)
Other assets			(163)			(311)
Other liabilities			632			498
Pension and other postretirement benefits contributions			(30)			(35)
Net cash provided by operating activities			2,710			2,259
Cash Flows from Investing Activities:
Purchases of property, plant and equipment, and intangibles			(1,892)			(1,635)
Acquisitions, net of cash acquired			(3,121)			(3,853)
Proceeds from divestitures			52			977
Proceeds from disposal of long-lived assets			183			203
Dividends received from equity method investments			23			22
Settlements of derivatives			(72)			(21)
Deferred divestiture consideration received			40			82
Other investing activities, net			82			(180)
Net cash used in investing activities			(4,705)			(4,405)

CRH Form 10-Q 6

Condensed Consolidated Statements of Cash Flows (Unaudited)****(in $ millions)

			Nine months ended
			September 30
			2025			2024
Cash Flows from Financing Activities:
Proceeds from debt issuances			7,760			3,452
Payments on debt			(3,697)			(1,854)
Settlements of derivatives			120			34
Payments of finance lease obligations			(73)			(37)
Deferred and contingent acquisition consideration paid			(28)			(16)
Dividends paid			(749)			(1,469)
Distributions to noncontrolling and redeemable noncontrolling interests			(31)			(33)
Transactions involving noncontrolling interests			2			–
Repurchases of common stock			(930)			(1,224)
Amounts related to employee share plans			(55)			3
Net cash provided by (used in) financing activities			2,319			(1,144)
Effect of exchange rate changes on cash and cash equivalents, including restricted cash			205			(20)
Increase/(decrease) in cash and cash equivalents, including restricted cash			529			(3,310)
Cash and cash equivalents and restricted cash at the beginning of period			3,759			6,390
Cash and cash equivalents and restricted cash at the end of period			4,288			3,080
Supplemental cash flow information:
Cash paid for interest (including finance leases)			494			372
Cash paid for income taxes			380			654
Reconciliation of cash and cash equivalents and restricted cash
Cash and cash equivalents presented in the Condensed Consolidated Balance Sheets			4,198			2,978
Restricted cash presented in the Condensed Consolidated Balance Sheets			90			102
Total cash and cash equivalents and restricted cash presented in the Condensed Consolidated Statements of Cash Flows			4,288			3,080

The accompanying notes form an integral part of the Condensed Consolidated Financial Statements.

CRH Form 10-Q 7

Condensed Consolidated Statements of Changes in Equity (Unaudited)

(in $ millions, except share and per share data)

			Preferred stock						Common stock						Treasury stock						Additional Paid-in Capital			Accumulated Other Comprehensive Loss			Retained Earnings			Total Shareholders' Equity Attributable to CRH Shareholders			Noncontrolling Interests			Total Equity
			Shares			Amount			Shares			Amount			Shares			Amount
Balance at June 30, 2025			0.9			$1			711.7			$288			(38.6)			($2,028)			$323			($345)			$24,106			$22,345			$896			$23,241
Net income			–			–			–			–			–			–			–			–			1,503			1,503			6			1,509
Other comprehensive loss			–			–			–			–			–			–			–			(36)			–			(36)			(2)			(38)
Share-based compensation			–			–			–			–			–			–			38			–			–			38			–			38
Repurchases and retirement of common stock			–			–			(2.7)			(1)			–			–			–			–			(285)			(286)			–			(286)
Shares issued under employee share plans			–			–			–			–			–			1			–			–			–			1			–			1
Dividends declared on common stock			–			–			–			–			–			–			–			–			(249)			(249)			–			(249)
Distributions to noncontrolling interests			–			–			–			–			–			–			–			–			–			–			(5)			(5)
Noncontrolling interests arising on acquisition			–			–			–			–			–			–			–			–			–			–			6			6
Adjustment of redeemable noncontrolling interests to redemption value			–			–			–			–			–			–			–			–			(7)			(7)			–			(7)
Balance at September 30, 2025			0.9			$1			709			$287			(38.6)			($2,027)			$361			($381)			$25,068			$23,309			$901			$24,210

For the three months ended September 30, 2025, dividends declared on Common stock were $0.37 per common share.

			Preferred stock						Common stock						Treasury stock						Additional Paid-in Capital			Accumulated Other Comprehensive Loss			Retained Earnings			Total Shareholders' Equity Attributable to CRH Shareholders			Noncontrolling Interests			Total Equity
			Shares			Amount			Shares			Amount			Shares			Amount
Balance at December 31, 2024			0.9			$1			718.6			$290			(41.4)			($2,137)			$422			($1,005)			$24,036			$21,607			$859			$22,466
Net income			–			–			–			–			–			–			–			–			2,728			2,728			7			2,735
Other comprehensive income			–			–			–			–			–			–			–			624			–			624			38			662
Share-based compensation			–			–			–			–			–			–			104			–			–			104			–			104
Repurchases and retirement of common stock			–			–			(9.6)			(3)			–			–			–			–			(927)			(930)			–			(930)
Shares issued under employee share plans			–			–			–			–			2.8			110			(165)			–			–			(55)			–			(55)
Dividends declared on common stock			–			–			–			–			–			–			–			–			(749)			(749)			–			(749)
Distributions to noncontrolling interests			–			–			–			–			–			–			–			–			–			–			(11)			(11)
Noncontrolling interests arising on acquisition			–			–			–			–			–			–			–			–			–			–			6			6
Transactions involving noncontrolling interests			–			–			–			–			–			–			–			–			–			–			2			2
Adjustment of redeemable noncontrolling interests to redemption value			–			–			–			–			–			–			–			–			(20)			(20)			–			(20)
Balance at September 30, 2025			0.9			$1			709			$287			(38.6)			($2,027)			$361			($381)			$25,068			$23,309			$901			$24,210

For the nine months ended September 30, 2025, dividends declared on Common stock were $1.11 per common share.

CRH Form 10-Q 8

Condensed Consolidated Statements of Changes in Equity (Unaudited)

(in $ millions, except share and per share data)

			Preferred stock						Common stock						Treasury stock						Additional Paid-in Capital			Accumulated Other Comprehensive Loss			Retained Earnings			Total Shareholders' Equity Attributable to CRH Shareholders			Noncontrolling Interests			Total Equity
			Shares			Amount			Shares			Amount			Shares			Amount
Balance at June 30, 2024			0.9			$1			725.1			$292			(41.5)			($2,143)			$359			($813)			$23,030			$20,726			$390			$21,116
Net income			–			–			–			–			–			–			–			–			1,376			1,376			4			1,380
Other comprehensive income			–			–			–			–			–			–			–			314			–			314			34			348
Share-based compensation			–			–			–			–			–			–			33			–			–			33			–			33
Repurchases and retirement of common stock			–			–			(3.8)			(1)			–			–			–			–			(316)			(317)			–			(317)
Shares issued under employee share plans			–			–			–			–			-			2			–			–			2			4			–			4
Dividends declared on common stock			–			–			–			–			–			–			–			–			(238)			(238)			–			(238)
Distributions to noncontrolling interests			–			–			–			–			–			–			–			–			–			–			(5)			(5)
Noncontrolling interests arising on acquisition			–			–			–			–			–			–			–			–			–			–			507			507
Adjustment of redeemable noncontrolling interests to redemption value			–			–			–			–			–			–			–			–			(23)			(23)			–			(23)
Balance at September 30, 2024			0.9			$1			721.3			$291			(41.5)			($2,141)			$392			($499)			$23,831			$21,875			$930			$22,805

For the three months ended September 30, 2024, dividends declared on common stock were $0.35 per common share.

			Preferred stock						Common stock						Treasury stock						Additional Paid-in Capital			Accumulated Other Comprehensive Loss			Retained Earnings			Total Shareholders' Equity Attributable to CRH Shareholders			Noncontrolling Interests			Total Equity
			Shares			Amount			Shares			Amount			Shares			Amount
Balance at December 31, 2023			0.9			$1			734.5			$296			(42.4)			($2,199)			$454			($616)			$22,918			$20,854			$434			$21,288
Net income			–			–			–			–			–			–			–			–			2,789			2,789			2			2,791
Other comprehensive income			–			–			–			–			–			–			–			117			–			117			15			132
Share-based compensation			–			–			–			–			–			–			96			–			–			96			–			96
Repurchases of common stock			–			–			–			–			(2.6)			(179)			–			–			–			(179)			–			(179)
Repurchases and retirement of common stock			–			–			(13.2)			(5)			–			–			–			–			(1,040)			(1,045)			–			(1,045)
Shares issued under employee share plans			–			–			–			–			3.5			237			(158)			–			(87)			(8)			–			(8)
Dividends declared on common stock			–			–			–			–			–			–			–			–			(719)			(719)			–			(719)
Distributions to noncontrolling interests			–			–			–			–			–			–			–			–			–			–			(10)			(10)
Divestiture of noncontrolling interests			–			–			–			–			–			–			–			–			–			–			(18)			(18)
Noncontrolling interests arising on acquisition			–			–			–			–			–			–			–			–			–			–			507			507
Adjustment of redeemable noncontrolling interests to redemption value			–			–			–			–			–			–			–			–			(30)			(30)			–			(30)
Balance at September 30, 2024			0.9			$1			721.3			$291			(41.5)			($2,141)			$392			($499)			$23,831			$21,875			$930			$22,805

For the nine months ended September 30, 2024, dividends declared on Common stock were $1.05 per common share.

The accompanying notes form an integral part of the Condensed Consolidated Financial Statements.

CRH Form 10-Q 9

Notes to Condensed Consolidated Financial Statements (Unaudited)

1. Summary of significant accounting policies

1.1. Description of business

CRH operates in the building materials industry, providing essential materials and services for construction projects across its Americas and International footprint. The Company is a major producer of aggregates, cementitious materials, readymixed concrete, asphalt, precast concrete and outdoor living products and is a provider of paving and construction services, supplying a wide range of customers, including Federal and local authorities, general contractors, and the commercial and residential markets. CRH is one of the largest suppliers of building materials globally.

1.2. Basis of presentation and use of estimates

The accompanying unaudited Condensed Consolidated Financial Statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP) for interim financial information and with the instructions to the Quarterly Report on Form 10-Q and in Article 10 of Regulation S-X. The Company has continued to follow the accounting policies set forth in the audited Consolidated Financial Statements and related notes thereto included in the Company’s 2024 Form 10-K. In the opinion of our management, these statements reflect all adjustments, consisting of only normal recurring adjustments, necessary for a fair statement of our results of operations and financial condition for the periods and at the dates presented. Operating results for the three and nine months ended September 30, 2025 are not necessarily indicative of the results that may be expected for the year ending December 31, 2025. The Condensed Consolidated Balance Sheet at December 31, 2024 has been derived from the audited Consolidated Financial Statements at that date but does not include all of the information and notes required by U.S. GAAP for complete financial statements. These Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and notes thereto included in the Company’s 2024 Form 10-K.

The preparation of the Company's Condensed Consolidated Financial Statements requires management to make certain estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities and reported amounts of revenues and expenses. Such estimates include impairment of long-lived assets, impairment of goodwill, pension and other postretirement benefits, tax matters and litigation, including insurance and environmental compliance costs. These estimates and assumptions are based on management’s judgment.

Estimates and underlying assumptions are reviewed on an ongoing basis. Changes in accounting estimates may be necessary if there are changes in the circumstances or experiences on which the estimate was based or as a result of new information.

Changes in estimates, including those resulting from changes in the economic environment, are reflected in the period in which the change in estimate occurs.

Certain amounts in the prior period have been reclassified to conform with the current period presentation in the Condensed Consolidated Statements of Cash Flows. These reclassifications had no effect on the previously reported net cash provided by (used in) operating, investing, or financing activities, or in the Condensed Consolidated Balance Sheets or Condensed Consolidated Statements of Income.

1.3. Cash and cash equivalents and restricted cash

The Company had restricted cash of $6 million at September 30, 2025, December 31, 2024, and September 30, 2024, respectively, included within Cash and cash equivalents in the Condensed Consolidated Balance Sheets. The Company is restricted from utilizing the cash for purposes other than with government approval as it is linked to the awarding of government licenses for quarrying.

Restricted cash of $90 million, $39 million and $102 million as separately presented in the Condensed Consolidated Balance Sheets at September 30, 2025 December 31, 2024, and September 30, 2024, respectively, consists of amounts held in escrow which were primarily designated for exchange of assets under Section 1031 of the U.S. Internal Revenue Code of 1986, as amended.

1.4. New accounting standards

Refer to Note 1.25 in the 2024 Form 10-K for impacts of new accounting standards. There were no material impacts from the adoption of new accounting standards for the nine months ended September 30, 2025.

CRH Form 10-Q 10

2. Revenue

The Company disaggregates revenue based on its operating and reportable segments. The Company’s operating and reportable segments are: (1) Americas Materials Solutions, (2) Americas Building Solutions and (3) International Solutions.

Revenue is disaggregated by principal activities and products and by primary geographic market. Business lines are reviewed and evaluated as follows: (1) Essential Materials, (2) Road Solutions, (3) Building & Infrastructure Solutions and (4) Outdoor Living Solutions.

The vertically integrated Essential Materials businesses manufacture and supply aggregates and cementitious materials for use in a range of construction and industrial applications.

Road Solutions supports the manufacturing, installation and maintenance of public highway infrastructure projects and commercial infrastructure.

Building & Infrastructure Solutions provides products that connect, protect and transport critical water, energy and telecommunications infrastructure and deliver complex commercial building projects.

Outdoor Living Solutions integrates specialized materials, products and design features to enhance the quality of private and public spaces.

			Three months ended September 30, 2025
in $ millions			Americas Materials Solutions			Americas Building Solutions			International Solutions			Total
Principal activities and products
Essential Materials			1,519			–			1,458			2,977
Road Solutions (i)			4,118			–			1,456			5,574
Building & Infrastructure Solutions (ii)			–			725			547			1,272
Outdoor Living Solutions			–			1,072			174			1,246
Total revenues			5,637			1,797			3,635			11,069
			Three months ended September 30, 2024
in $ millions			Americas Materials Solutions			Americas Building Solutions			International Solutions			Total
Principal activities and products
Essential Materials			1,390			–			1,363			2,753
Road Solutions (i)			3,909			–			1,432			5,341
Building & Infrastructure Solutions (ii)			–			705			488			1,193
Outdoor Living Solutions			–			1,052			176			1,228
Total revenues			5,299			1,757			3,459			10,515

			Nine months ended September 30, 2025
in $ millions			Americas Materials Solutions			Americas Building Solutions			International Solutions			Total
Principal activities and products
Essential Materials			3,760			–			3,896			7,656
Road Solutions (i)			8,629			–			3,983			12,612
Building & Infrastructure Solutions (ii)			–			1,990			1,638			3,628
Outdoor Living Solutions			–			3,648			487			4,135
Total revenues			12,389			5,638			10,004			28,031
			Nine months ended September 30, 2024
in $ millions			Americas Materials Solutions			Americas Building Solutions			International Solutions			Total
Principal activities and products
Essential Materials			3,605			–			3,560			7,165
Road Solutions (i)			8,302			–			3,652			11,954
Building & Infrastructure Solutions (ii)			–			1,933			1,509			3,442
Outdoor Living Solutions			–			3,633			508			4,141
Total revenues			11,907			5,566			9,229			26,702

CRH Form 10-Q 11

(i) Revenue from contracts with customers in the Road Solutions principal activities and products category that is recognized over time was:

			Three months ended						Nine months ended
			September 30						September 30
in $ millions			2025			2024			2025			2024
Americas Materials Solutions			2,414			2,333			4,761			4,665
International Solutions			465			572			1,308			1,439
Total revenue from contracts with customers			2,879			2,905			6,069			6,104

(ii) Revenue from contracts with customers in the Building & Infrastructure Solutions principal activities and products category that is recognized over time was:

			Three months ended						Nine months ended
			September 30						September 30
in $ millions			2025			2024			2025			2024
Americas Building Solutions			12			17			40			66
International Solutions			91			111			304			374
Total revenue from contracts with customers			103			128			344			440

Contract assets were $957 million, $690 million and $1,004 million and contract liabilities were $405 million, $500 million and $495 million, at September 30, 2025, December 31, 2024, and September 30, 2024, respectively. The Company recognized revenue of $382 million and $382 million for the nine months ended September 30, 2025, and September 30, 2024, respectively, which was previously included in the contract liability balance at December 31, 2024, and December 31, 2023, respectively.

Contract assets include unbilled revenue and retentions held by customers in respect of construction contracts at September 30, 2025, December 31, 2024, and September 30, 2024 amounting to $697 million and $260 million, $450 million and $240 million, and $752 million and $252 million, respectively. Unbilled revenue represents the estimated value of unbilled work for projects with performance obligations recognized over time. Retentions represent amounts that have been billed to customers but payment is withheld until final acceptance of the performance obligation by the customer. Retentions that have been billed, but are not due until completion of performance and acceptance by customers, are generally expected to be collected within one year. The Company applies the practical expedient and does not adjust any of its transaction prices for the time value of money.

On September 30, 2025, the Company had $3,592 million of transaction price allocated to remaining performance obligations. The majority of open contracts at September 30, 2025 are expected to close and revenue to be recognized within 12 months of the balance sheet date.

CRH Form 10-Q 12

3. Acquisitions

The Company strategically acquires companies in order to increase its footprint and offer products and services that enhance its existing offerings. These acquisitions are accounted for as business combinations using the acquisition method, whereby the purchase price is allocated to the assets acquired and liabilities assumed, based on their estimated fair values at the date of the acquisition with the remaining amount recorded in Goodwill.

On September 15, 2025, the Company acquired Eco Material Technologies, a leading supplier of cementitious materials headquartered in Utah, United States (the 'Eco Material' acquisition) for a total consideration of $2,089 million. The Eco Material acquisition is reported in the Americas Materials Solutions segment.

During the nine months ended September 30, 2025, the Company completed the acquisition of 22 companies. The total cash consideration for these acquisitions, net of cash acquired, was $3,121 million. The estimated fair values of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the acquisition dates. The Company expects to finalize the valuation and complete the purchase price allocations as soon as practical but no later than one year from the acquisition dates.

The provisional amounts for assets acquired, liabilities assumed, and consideration related to the acquisitions at September 30, 2025, including measurement period adjustments to provisional fair values in respect of acquisitions completed in previous periods, were:

in $ millions			Eco Material			Other acquisitions (i)			Total
Identifiable assets acquired and liabilities assumed
Assets
Cash and cash equivalents			23			8			31
Accounts receivable, net			137			100			237
Inventories			37			46			83
Other current assets			19			6			25
Property, plant and equipment, net			533			465			998
Equity method investments			–			(49)			(49)
Intangible assets, net			921			64			985
Operating lease right-of-use assets, net			71			34			105
Total assets			1,741			674			2,415
Liabilities
Accounts payable			49			47			96
Accrued expenses			17			9			26
Operating lease liabilities			55			35			90
Long-term debt			–			22			22
Deferred income tax liabilities			192			(2)			190
Other liabilities			130			62			192
Total liabilities			443			173			616
Total identifiable net assets at fair value			1,298			501			1,799
Goodwill			791			608			1,399
Redeemable noncontrolling interests			–			(17)			(17)
Noncontrolling interests			–			(6)			(6)
Total consideration			2,089			1,086			3,175
Consideration satisfied by:
Cash payments			2,089			1,063			3,152
Deferred consideration (stated at net present cost)			–			4			4
Contingent consideration			–			19			19
Total consideration			2,089			1,086			3,175
Acquisitions of businesses, net of cash acquired
Cash consideration			2,089			1,063			3,152
Less: cash and cash equivalents acquired			(23)			(8)			(31)
Total outflow in the Condensed Consolidated Statements of Cash Flows			2,066			1,055			3,121

(i) Acquisitions are aggregated on the basis of individual immateriality. The acquisition balance sheet presented in this note reflects the identifiable net assets acquired in respect of acquisitions completed in the nine months through September 30, 2025, together with measurement period adjustments to provisional fair values in respect of acquisitions completed during previous periods; none of which were material.

As a result of the acquisitions completed through September 30, 2025, including adjustments to provisional values, the Company recognized $985 million of amortizable intangible assets and $1,399 million of goodwill. Goodwill represents the excess of the consideration paid over the fair value of net assets acquired and includes the expected benefit of cost savings and synergies within the Company’s segments and intangible assets that do not qualify for separate recognition. Of the goodwill recognized in respect of the acquisitions completed in the nine months ended September 30, 2025, $1,259 million is expected to be deductible for tax purposes. The amortizable intangible assets will be amortized against earnings over a weighted average of 19 years.

CRH Form 10-Q 13

Acquisition-related costs

Acquisition-related costs have been included in Selling, general and administrative expenses in the Condensed Consolidated Statements of Income. These costs include legal and consulting expenses incurred in connection with completed acquisitions. The Company incurred the following acquisition-related costs:

			Three months ended						Nine months ended
			September 30						September 30
in $ millions			2025			2024			2025			2024
Acquisition-related costs
Substantial acquisition-related (i)			13			23			13			45
Other acquisitions			3			5			18			7
Total acquisition-related costs			16			28			31			52

(i) Represents expenses associated with the non-routine substantial acquisition of Eco Material during the third quarter of 2025. The comparative periods presented include expenses related to the acquisition of Adbri, an Australian-based materials business, and to the acquisition of a portfolio of cement and readymixed concrete operations and assets in Texas, during 2024.

For the period from acquisition date through September 30, 2025, and September 30, 2024, respectively, acquisitions contributed $322 million and $733 million to Total revenues and a loss of $13 million and $3 million to Net income attributable to CRH, excluding substantial acquisition-related costs that arose in that period and including the effect of interest expense to finance the acquisitions, respectively.

Pro forma results of operations for the current year acquisitions, as if they were combined as of January 1, 2024, have not been presented because they are not material to the Condensed Consolidated Financial Statements.

4. Accounts receivable, net

Accounts receivable, net, were:

			September 30			December 31			September 30
in $ millions			2025			2024			2024
Trade receivables			5,641			3,829			5,106
Construction contract assets			957			690			1,004
Total accounts receivable			6,598			4,519			6,110
Less: allowance for credit losses			(158)			(140)			(151)
Other current receivables			521			441			463
Total accounts receivable, net			6,961			4,820			6,422

Of the total Accounts receivable, net balances, $61 million, $46 million and $58 million at September 30, 2025, December 31, 2024, and September 30, 2024, respectively, were due from equity method investments.

The changes in the allowance for credit losses were:

in $ millions			2025						2024
At January 1			140						149
Charge-offs			(9)						(8)
Provision for credit losses			2						5
Foreign currency translation and other			25						5
At September 30			158						151

5. Inventories

Inventories were:

			September 30			December 31			September 30
in $ millions			2025			2024			2024
Raw materials			2,347			2,074			2,182
Work-in-process			286			267			246
Finished goods			2,386			2,414			2,216
Total inventories			5,019			4,755			4,644

CRH Form 10-Q 14

6. Goodwill

The changes in the carrying amount of goodwill were:

in $ millions			Americas Materials Solutions			Americas Building Solutions			International Solutions			Total
Carrying value, December 31, 2024			5,803			3,070			2,188			11,061
Acquisitions			1,064			195			140			1,399
Foreign currency translation adjustment			15			9			195			219
Divestitures			–			–			(3)			(3)
Carrying value, September 30, 2025			6,882			3,274			2,520			12,676
in $ millions			Americas Materials Solutions			Americas Building Solutions			International Solutions			Total
Carrying value, December 31, 2023			4,417			2,752			1,989			9,158
Acquisitions			1,426			333			385			2,144
Foreign currency translation adjustment			(40)			(12)			(114)			(166)
Impairment charge for the period			–			–			(72)			(72)
Divestitures			–			(3)			(201)			(204)
Reclassified as held for sale			–			–			201			201
Carrying value, December 31, 2024			5,803			3,070			2,188			11,061
in $ millions			Americas Materials Solutions			Americas Building Solutions			International Solutions			Total
Carrying value, December 31, 2023			4,417			2,752			1,989			9,158
Acquisitions			1,270			160			278			1,708
Foreign currency translation adjustment			(11)			1			50			40
Divestitures			–			–			(201)			(201)
Reclassified from held for sale			–			–			201			201
Carrying value, September 30, 2024			5,676			2,913			2,317			10,906

There were no charges for goodwill impairment in the nine months ended September 30, 2025, and September 30, 2024.

CRH Form 10-Q 15

7. Additional financial information

Other current assets were:

			September 30			December 31			September 30
in $ millions			2025			2024			2024
Prepayments			396			303			323
Income tax recoverable			147			216			164
Other			41			230			207
Total other current assets			584			749			694

Accrued expenses were:

			September 30			December 31			September 30
in $ millions			2025			2024			2024
Accrued payroll and employee benefits			1,027			1,062			1,048
Other accruals			1,366			1,186			1,465
Total accrued expenses			2,393			2,248			2,513

Other current liabilities were:

			September 30			December 31			September 30
in $ millions			2025			2024			2024
Construction contract liabilities			405			500			495
Insurance liability			165			185			178
Income tax payable			166			97			148
Finance lease liabilities			97			67			60
Other			989			728			822
Total other current liabilities			1,822			1,577			1,703

Other noncurrent liabilities were:

			September 30			December 31			September 30
in $ millions			2025			2024			2024
Income tax payable			881			726			816
Asset retirement obligations			377			319			325
Pension liability			239			223			257
Insurance liability			302			269			266
Finance lease liabilities			409			190			168
Other			577			592			598
Total other noncurrent liabilities			2,785			2,319			2,430

CRH Form 10-Q 16

8. Debt

Long-term debt was:

						September 30			December 31			September 30
in $ millions			Effective interest rate			2025			2024			2024
Long-term debt
(U.S. Dollar denominated unless otherwise noted)
3.875% Senior Notes due 2025			3.93		%	–			1,250			1,250
1.250% euro Senior Notes due 2026			1.25		%	880			780			840
3.400% Senior Notes due 2027			3.49		%	600			600			600
4.000% euro Senior Notes due 2027			4.13		%	587			520			560
3.950% Senior Notes due 2028			4.07		%	900			900			900
1.375% euro Senior Notes due 2028			1.42		%	704			624			672
5.200% Senior Notes due 2029			5.30		%	750			750			750
4.125% Sterling Senior Notes due 2029			4.22		%	537			501			536
5.125% Senior Notes due 2030			5.25		%	1,250			–			–
1.625% euro Senior Notes due 2030			1.72		%	880			780			840
4.000% euro Senior Notes due 2031			4.10		%	880			780			840
6.400% Senior Notes due 2033 (i)			6.43		%	213			213			213
5.400% Senior Notes due 2034			5.52		%	750			750			750
5.500% Senior Notes due 2035			5.57		%	1,250			–			–
4.250% euro Senior Notes due 2035			4.38		%	880			780			840
5.125% Senior Notes due 2045			5.25		%	500			500			500
4.400% Senior Notes due 2047			4.44		%	400			400			400
4.500% Senior Notes due 2048			4.63		%	600			600			600
5.875% Senior Notes due 2055			5.97		%	500			–			–
USD interest bearing loan due 2026			4.96		%	750			750			–
PHP interest bearing loan due 2027			5.84		%	390			379			407
AUD interest bearing loan due 2029			4.46		%	569			478			565
U.S. Dollar Commercial Paper			4.60		%	3,232			1,189			1,295
Euro Commercial Paper			2.18		%	576			347			383
Other						80			48			66
Unamortized discounts and debt issuance costs						(79)			(68)			(70)
Total long-term debt (ii)						18,579			13,851			13,737
Less: current portion of long-term debt (iii)						(3,845)			(2,882)			(3,065)
Long-term debt						14,734			10,969			10,672

(i) The $300 million 6.400% Senior Notes were issued in September 2003, and at the time of issuance the Senior Notes were partially swapped to floating interest rates. In August 2009 and December 2010, $87 million of the issued Senior Notes were acquired by the Company as part of liability management exercises undertaken and the interest rate hedge was closed out. The remaining fair value hedge adjustment on the hedged item in the Condensed Consolidated Balance Sheets was $24 million, $27 million, and $27 million at September 30, 2025, December 31, 2024, and September 30, 2024, respectively.

(ii) Of the Company’s nominal fixed rate debt at September 30, 2025, December 31, 2024, and September 30, 2024, $500 million, $1,375 million and $1,375 million, respectively, was hedged to daily compounded Secured Overnight Financing Rate (SOFR) using interest rate swaps. Of the Company’s nominal floating rate debt at September 30, 2025, December 31, 2024, and September 30, 2024, $nil million, $140 million, and $208 million, respectively, was hedged to fixed rates using interest rate swaps.

(iii) Excludes borrowings from bank overdrafts of $123 million, $117 million and $153 million, which are recorded within Current portion of long-term debt in the Condensed Consolidated Balance Sheets at September 30, 2025, December 31, 2024, and September 30, 2024, respectively.

Senior Notes:

The Senior Notes are issued by wholly-owned subsidiaries of the Company and carry full and unconditional guarantees from the Company, as defined in the indentures that govern them. These Senior Notes represent senior unsecured obligations of the Company and hold an equal standing in payment priority with the Company's existing and future senior unsubordinated indebtedness.

With the exception of the 6.400% Senior Notes due 2033, all other Senior Notes can be redeemed before their respective par call dates, at a make-whole redemption price. Post par call dates and before the respective maturity dates, the Senior Notes can be redeemed at a price equal to 100% of the principal amount, along with any accrued and unpaid interest.

In the event of a change-of-control repurchase event, the Company is obligated to offer repurchase options for the 3.400% Senior Notes due 2027, 3.950% Senior Notes due 2028, 5.200% Senior Notes due 2029, 5.125% Senior Notes due 2030, 5.400% Senior Notes due 2034, 5.500% Senior Notes due 2035, 5.125% Senior Notes due 2045, 4.400% Senior Notes due 2047, 4.500% Senior Notes due 2048 and 5.875% Senior Notes due 2055. This repurchase involves a cash payment equal to 101% of the principal amount, along with any accrued and unpaid interest.

CRH Form 10-Q 17

If the Company's credit rating falls below investment-grade, the Company would be required to make an additional coupon step-up payment on the 5.125% Senior Notes due 2045. The increase is 25 basis points per rating notch per agency, capped at 100 basis points per agency. However, this coupon step-up would reverse if the Company returns to an investment-grade rating.

In October 2025, the Company raised an aggregate of $2.5 billion through the issuance and sale of Guaranteed Notes across three tranches in 5-year, 10-year and 30-year tenors with coupon rates of 4.400%, 5.000% and 5.600% respectively. See Note 18 for further information.

Bank Debt:

The Company maintains a multi-currency Revolving Credit Facility (the 'RCF') with a syndicate of lenders. The RCF offers a senior unsecured revolving credit facility of €3,500 million over five years, maturing May 11, 2030. Borrowings under the RCF bear interest at rates based upon an underlying base rate, plus a margin determined in accordance with a ratings-based pricing grid. Base rates include SOFR for U.S. Dollar, Euro Interbank Offer Rate (EURIBOR) for euros, Sterling Overnight Index Average (SONIA) for Sterling, and Swiss Average Rate Overnight (SARON) for Swiss Francs, respectively. A commitment fee is payable on a quarterly basis based on a percentage of the applicable margin and calculated on the daily undrawn amount of the facility.

The deferred financing costs associated with the RCF were $5 million at September 30, 2025. The total potential credit available through this arrangement is €3,500 million, inclusive of the ability to issue letters of credit.

At September 30, 2025, December 31, 2024, and September 30, 2024, there were no outstanding borrowings or letters of credit issued under the RCF and the undrawn committed facility available to be drawn by the Company at September 30, 2025 was $4,109 million (€3,500 million equivalent).

The RCF includes customary terms and conditions for investment-grade borrowers. There are no financial covenants.

In December 2024, the Company entered into a new $750 million two-year fixed rate term loan facility which was fully drawn.

Philippines (PHP) Debt:

In March 2017, the Company's subsidiary, Republic Cement & Building Materials, Inc., entered into a credit arrangement with the Bank of the Philippine Islands. The Company does not provide a guarantee for this facility. The initial credit agreement provided for total commitments of PHP12.5 billion for a 10-year term, which was later expanded to PHP22.5 billion. The funds drawn from this facility carry a combination of fixed and floating interest rates.

Australian (AUD) Debt:

In July 2024, the Company acquired Adbri which has committed credit agreements with a range of banks and credit institutions totaling AUD940 million. The Company does not provide a guarantee for these facilities. The funds drawn from these facilities carry a combination of fixed and floating interest rates.

Commercial Paper:

At September 30, 2025, the Company had a $4,000 million U.S. Dollar Commercial Paper Program and a €1,500 million Euro Commercial Paper Program. The purpose of these programs is to provide short-term liquidity as required. The Company’s RCF supports the commercial paper programs with a separate €750 million swingline sublimit which allows for same-day drawing in either euro or U.S. Dollar. Commercial paper borrowings may vary during the period, largely as a result of fluctuations in funding requirements.

The long-term debt maturities, net of the unamortized discounts and debt issuance costs, for the periods subsequent to September 30, 2025 are as follows:

in $ millions			Remainder of 2025			2026			2027			2028			2029			2030 and thereafter			Total
Long-term debt maturities			3,689			2,240			1,495			1,600			1,356			8,199			18,579

9. Fair value measurement

Fair value is defined as the amount that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date and is measured using inputs in one of the following three categories:

Level 1 measurements are based on unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. Valuation of these items does not entail a significant amount of judgment.

Level 2 measurements are based on quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active or market data other than quoted prices that are observable for the assets or liabilities.

Level 3 measurements are based on unobservable data that are supported by little or no market activity and are significant to the fair value of the assets or liabilities.

Considerable judgment may be required in interpreting market data used to develop the estimates of fair value.

The carrying values of the Company’s Long-term debt were $18,579 million, $13,851 million, and $13,737 million at September 30, 2025, December 31, 2024, and September 30, 2024, respectively. The fair values of the Company’s Long-term debt were $18,584 million, $13,604 million, and $13,599 million at September 30, 2025, December 31, 2024, and September 30, 2024, respectively. The Company’s Long-term debt obligations are Level 2 instruments whose fair value is derived from quoted market prices.

The Redeemable noncontrolling interests included in the Condensed Consolidated Balance Sheets are marked to fair value on a recurring basis using Level 3 inputs. The redemption value of Redeemable noncontrolling interests approximates the fair value and is based on a range of estimated potential outcomes of the expected payment amounts primarily dependent on underlying performance metrics. The unobservable inputs in the valuation include a discount rate determined using a Capital Asset Pricing Model methodology with ranges of between 6.10% and 7.13%.

See Note 16 for the changes in the fair value of Redeemable noncontrolling interests.

The carrying values of the Company’s Cash and cash equivalents, Restricted cash, Accounts receivable, net, Current portion of long-term debt, Accounts payable, Accrued expenses, and Other current liabilities approximate their fair values because of the short-term nature of these instruments.

CRH Form 10-Q 18

10. Income taxes

The Company’s tax provision for the interim period is calculated using an estimated annual effective tax rate based on the expected full-year results which is applied to ordinary year-to-date income or loss. The tax provision is adjusted for discrete items that occur in the applicable interim period to arrive at the effective income tax rate.

The summary of the income tax expense from operations was:

			Three months ended						Nine months ended
			September 30						September 30
in $ millions			2025			2024			2025			2024
Total tax expense			428			531			795			942
Effective income tax rate			22%			28%			23%			25%

The decrease in the effective tax rate for the three months ended September 30, 2025 is mainly driven by movement in uncertain tax positions during the period. The decrease in the effective tax rate for the nine months ended September 30, 2025 is mainly driven by movement in uncertain tax positions and valuation allowances.

11. Earnings per share (EPS)

The calculation of basic and diluted earnings per share was:

						Three months ended						Nine months ended
						September 30						September 30
in $ millions, except share and per share data									2025			2024			2025			2024
Numerator
Net income									1,519			1,389			2,753			2,812
Net (income) attributable to redeemable noncontrolling interests									(10)			(9)			(18)			(21)
Net (income) attributable to noncontrolling interests									(6)			(4)			(7)			(2)
Adjustment of redeemable noncontrolling interests to redemption value									(7)			(23)			(20)			(30)
Net income attributable to CRH for EPS - basic and diluted									1,496			1,353			2,708			2,759
Denominator
Weighted average common shares outstanding - basic (i)									672.3			681.6			674.4			685.0
Effect of dilutive employee share awards (ii)									3.2			3.9			3.8			5.0
Weighted average common shares outstanding - diluted									675.5			685.5			678.2			690.0
Earnings per share attributable to CRH
Basic									$2.23			$1.99			$4.02			$4.03
Diluted									$2.21			$1.97			$3.99			$4.00

(i) The weighted average number of common shares included in the computation of basic and diluted earnings per share has been adjusted to exclude shares repurchased and held by the Company as Treasury stock given that these shares do not rank for dividend.

(ii) Common Shares that would only be issued contingent on certain conditions totaling 3,184,287 at September 30, 2025, and 3,919,037 at September 30, 2024, are excluded from the computation of diluted earnings per share where the conditions governing exercisability have not been satisfied as of the end of the reporting period or they are antidilutive for the period presented.

CRH Form 10-Q 19

12. Accumulated other comprehensive loss

The changes in the balances for each component of Accumulated other comprehensive loss, net of tax, were:

in $ millions			Currency Translation			Cash Flow Hedges			Pension and Other Postretirement Plans			Total
Balance at June 30, 2025			(147)			(96)			(102)			(345)
Other comprehensive (loss) income before reclassifications			(58)			23			–			(35)
Amounts reclassified from Accumulated other comprehensive loss			1			(2)			(2)			(3)
Net current-period other comprehensive (loss) income			(57)			21			(2)			(38)
Other comprehensive loss attributable to noncontrolling interests			2			–			–			2
Balance at September 30, 2025			(202)			(75)			(104)			(381)
Balance at December 31, 2024			(856)			(63)			(86)			(1,005)
Other comprehensive income (loss) before reclassifications			725			(9)			–			716
Amounts reclassified from Accumulated other comprehensive loss			(33)			(3)			(18)			(54)
Net current-period other comprehensive income (loss)			692			(12)			(18)			662
Other comprehensive (income) attributable to noncontrolling interests			(38)			–			–			(38)
Balance at September 30, 2025			(202)			(75)			(104)			(381)
Balance at June 30, 2024			(617)			(65)			(131)			(813)
Other comprehensive income (loss) before reclassifications			363			(9)			–			354
Amounts reclassified from Accumulated other comprehensive loss			–			1			(7)			(6)
Net current-period other comprehensive income (loss)			363			(8)			(7)			348
Other comprehensive (income) attributable to noncontrolling interests			(34)			–			–			(34)
Balance at September 30, 2024			(288)			(73)			(138)			(499)
Balance at December 31, 2023			(439)			(47)			(130)			(616)
Other comprehensive income (loss) before reclassifications			205			(46)			–			159
Amounts reclassified from Accumulated other comprehensive loss			(39)			20			(8)			(27)
Net current-period other comprehensive income (loss)			166			(26)			(8)			132
Other comprehensive (income) attributable to noncontrolling interests			(15)			–			–			(15)
Balance at September 30, 2024			(288)			(73)			(138)			(499)

The amounts reclassified from Accumulated other comprehensive loss to income were:

			Three months ended						Nine months ended
			September 30						September 30
in $ millions			2025			2024			2025			2024
Cash flow hedges
Cost of product revenues			(2)			1			(3)			23
Income tax benefit			–			–			–			(3)
Total			(2)			1			(3)			20
Pension and other postretirement plans
Other nonoperating income, net			(2)			(6)			(19)			(8)
Income tax (benefit) expense			–			(1)			1			–
Total			(2)			(7)			(18)			(8)
Reclassifications from Accumulated other comprehensive loss to income			(4)			(6)			(21)			12

CRH Form 10-Q 20

13. Segment information

The Company has the following three operating and reportable segments:

Americas Materials Solutions;

Americas Building Solutions; and

International Solutions

The Americas Materials Solutions segment provides building materials, products and services for the construction and maintenance of public infrastructure, commercial and residential buildings in North America. The primary materials produced by this segment include aggregates, cementitious materials, readymixed concrete and asphalt. This segment also provides paving and construction services for customers.

The Americas Building Solutions segment manufactures, supplies and delivers building products for the built environment in communities across North America. Our subsidiaries within this segment offer building and infrastructure solutions serving complex critical infrastructure (such as water, energy, transportation and telecommunications projects) and outdoor living solutions for enhancing private and public spaces.

The International Solutions segment provides building materials, products and services across Europe and Australia, for use in the construction of critical infrastructure, commercial and residential buildings and outdoor living spaces.

Adjusted EBITDA is defined as earnings from continuing operations before interest, taxes, depreciation, depletion, amortization, loss on impairments, gain/loss on divestitures and gain/loss on investments, income/loss from equity method investments, substantial acquisition-related costs and pension expense/income excluding current service cost component.

The key performance measures and segment expenses for the Company’s reportable segments were:

			Three months ended September 30, 2025
in $ millions			Americas Materials Solutions			Americas Building Solutions			International Solutions			Total
Revenue			5,637			1,797			3,635			11,069
Less:
Labor			1,036			372			671			2,079
Energy costs			233			31			258			522
Other segment items (i)			2,813			962			1,998			5,773
Adjusted EBITDA			1,555			432			708			2,695

			Three months ended September 30, 2024
in $ millions			Americas Materials Solutions			Americas Building Solutions			International Solutions			Total
Revenue			5,299			1,757			3,459			10,515
Less:
Labor			978			367			630			1,975
Energy costs			220			29			258			507
Other segment items (i)			2,617			1,006			1,956			5,579
Adjusted EBITDA			1,484			355			615			2,454

			Nine months ended September 30, 2025
in $ millions			Americas Materials Solutions			Americas Building Solutions			International Solutions			Total
Revenue			12,389			5,638			10,004			28,031
Less:
Labor			2,738			1,132			1,976			5,846
Energy costs			581			95			735			1,411
Other segment items (i)			6,215			3,191			5,715			15,121
Adjusted EBITDA			2,855			1,220			1,578			5,653

			Nine months ended September 30, 2024
in $ millions			Americas Materials Solutions			Americas Building Solutions			International Solutions			Total
Revenue			11,907			5,566			9,229			26,702
Less:
Labor			2,604			1,088			1,787			5,479
Energy costs			556			93			722			1,371
Other segment items (i)			6,055			3,246			5,397			14,698
Adjusted EBITDA			2,692			1,139			1,323			5,154

CRH Form 10-Q 21

(i) The nature of other segment items is similar for each segment and primarily includes raw materials, haulage costs, subcontractor costs and other Selling, general and administrative expenses. The composition of other segment items is such that at a segment level none of these items is individually significant in determining segment performance.

			Three months ended						Nine months ended
			September 30						September 30
in $ millions			2025			2024			2025			2024
Adjusted EBITDA			2,695			2,454			5,653			5,154
Depreciation, depletion, amortization and impairment			(601)			(467)			(1,606)			(1,288)
Interest income			37			33			104			112
Interest expense			(209)			(164)			(590)			(452)
Gain (loss) on divestitures and investments (i)			4			59			(38)			242
Pension income excluding current service cost component (i)			5			1			14			3
Other interest, net (i)			3			2			7			1
Substantial acquisition-related costs			(13)			(23)			(13)			(45)
Income from operations before income tax expense and income from equity method investments			1,921			1,895			3,531			3,727

(i) Gain (loss) on divestitures and investments, pension income excluding current service cost component and other interest, net have been included in Other nonoperating income (expense), net in the Condensed Consolidated Statements of Income.

Depreciation, depletion, amortization and impairment for each of the segments were:

			Three months ended						Nine months ended
			September 30						September 30
in $ millions			2025			2024			2025			2024
Americas Materials Solutions			260			213			715			611
Americas Building Solutions			99			85			287			249
International Solutions			242			169			604			428
Total depreciation, depletion, amortization and impairment			601			467			1,606			1,288

The segment assets were:

			September 30			December 31			September 30
in $ millions			2025			2024			2024
Assets
Americas Materials Solutions			25,988			21,474			21,695
Americas Building Solutions			9,988			9,049			9,006
International Solutions			17,119			15,011			15,963
Total assets for reportable segments			53,095			45,534			46,664

Additions to property, plant and equipment and intangible assets for each of the segments were:

			Nine months ended
			September 30
in $ millions			2025			2024
Property, plant and equipment and intangible asset additions (i)
Americas Materials Solutions			829			769
Americas Building Solutions			401			336
International Solutions			778			611
Total property, plant and equipment and intangible asset additions			2,008			1,716

(i) Property, plant and equipment and intangible asset additions exclude asset retirement cost additions.

CRH Form 10-Q 22

14. Pension and other postretirement benefits

Components of Net Periodic Benefit Cost

The components of net periodic benefit cost recognized in the Condensed Consolidated Statements of Income for the Pension and Other Postretirement Benefit (OPEB) Plans were:

			U.S.												Non-U.S.
			Three months ended						Nine months ended						Three months ended						Nine months ended
			September 30						September 30						September 30						September 30
in $ millions			2025			2024			2025			2024			2025			2024			2025			2024
Service cost			–			–			1			–			10			10			30			30
Interest cost			6			6			18			18			22			22			64			64
Expected return on assets			(6)			(5)			(17)			(15)			(25)			(23)			(74)			(67)
Amortization of:
Past service credit			–			–			–			–			(3)			(3)			(9)			(9)
Actuarial loss			–			1			–			3			1			1			4			3
Settlement gain (i)			–			–			–			–			–			–			–			(3)
Net periodic benefit cost (ii) (iii)			–			2			2			6			5			7			15			18

(i) Settlement gain of $3 million for the nine months ended September 30, 2024 relates to pension plans divested as part of the sale of the Company's Lime operations in Europe and is included in gain (loss) on divestitures and investments, within Other nonoperating income (expense), net.

(ii) Includes net periodic benefit cost of $1 million and $1 million related to OPEB plans for the three months ended September 30, 2025, and September 30, 2024, and $3 million and $3 million for the nine months ended September 30, 2025, and September 30, 2024, respectively.

(iii) Service cost is included within Cost of revenues and Selling, general and administrative expenses while all other cost components are recorded within Other nonoperating income (expense), net.

CRH Form 10-Q 23

15. Variable interest entities

The Company’s operations in the Philippines are conducted through a Variable Interest Entity (VIE), wherein the Company holds 40% of the equity share capital and a 55% share of earnings and distributions. The remaining noncontrolling interest of 60% equity share capital and 45% share of earnings and distributions is held by an unrelated party. The Company’s voting rights are not proportional to its share of earnings and distributions, and substantially all of the activities of the Philippines business are conducted on behalf of the Company and controlled by the Company through contractual relationships. The Philippines business meets the definition of a VIE for which the Company is the primary beneficiary and, therefore, is consolidated.

Further, the Company has provided subordinated debt to the intermediate parent of the Philippines business which exposes the Company to the profits and losses of the Philippines business. The debt is repayable only where the shareholder agreement of the intermediate parent of the Philippines business is terminated or where the Company transfers its shares in the intermediate parent to an unrelated entity (i.e., the debt exposure of the Company becomes in substance a residual interest in the intermediate parent).

The carrying amounts of assets and liabilities of the consolidated VIE, reported within the Condensed Consolidated Balance Sheets before intragroup eliminations with other CRH companies were:

			September 30			December 31			September 30
in $ millions			2025			2024			2024
Assets
Current assets:
Cash and cash equivalents			17			21			20
Accounts receivable, net			41			38			39
Inventories			88			96			101
Other current assets			62			58			56
Total current assets			208			213			216
Property, plant and equipment, net			812			846			882
Goodwill			190			190			197
Intangible assets, net			–			1			–
Operating lease right-of-use assets, net			4			5			5
Other noncurrent assets			10			9			13
Total assets			1,224			1,264			1,313
Liabilities
Current liabilities:
Accounts payable			114			106			80
Accrued expenses			36			44			52
Current portion of long-term debt			12			33			77
Operating lease liabilities			1			1			1
Other current liabilities			20			25			23
Total current liabilities			183			209			233
Long-term debt			377			345			329
Deferred income tax liabilities			91			94			98
Noncurrent operating lease liabilities			3			4			4
Other noncurrent liabilities			23			21			20
Total liabilities			677			673			684

The operating results of the consolidated VIE, reported within the Condensed Consolidated Statements of Income and Condensed Consolidated Statements of Cash Flows before intragroup eliminations with other CRH companies were:

			Three months ended						Nine months ended
			September 30						September 30
in $ millions			2025			2024			2025			2024
Total revenues			77			88			243			282
Total cost of revenues			(75)			(86)			(240)			(262)
Gross profit			2			2			3			20
Net loss			(13)			(10)			(43)			(22)
Net cash used in operating activities									(12)			(11)

CRH Form 10-Q 24

16. Redeemable noncontrolling interests

The Redeemable noncontrolling interests primarily comprise the noncontrolling interests in two of the Company’s North American subsidiaries, which are currently redeemable. The Company has the ability to exercise the call options for the noncontrolling interests on or after December 31, 2031, and December 31, 2040, respectively. In addition to the call options, the noncontrolling interest holder has the right to sell the noncontrolling interests to the Company, which are currently exercisable. These noncontrolling interests have put and call options and both are redeemable based on multiples of EBITDA. The noncontrolling interests are considered redeemable noncontrolling equity interests, classified as temporary or mezzanine equity, as their redemption is not solely within the Company’s control. The noncontrolling interests were recorded at their respective fair values as of the acquisition dates and are adjusted to their expected redemption values, with an offsetting entry to retained earnings, as of the reporting date as if that date was the redemption date, if those amounts exceed their respective carrying values.

The following table summarizes the redeemable noncontrolling interest for the following periods:

in $ millions
Balance at June 30, 2025			389
Net income attributable to redeemable noncontrolling interests			10
Acquisitions			17
Adjustment to the redemption value			7
Dividends paid			(4)
Balance at September 30, 2025			419

Balance at June 30, 2024			335
Net income attributable to redeemable noncontrolling interests			9
Adjustment to the redemption value			23
Dividends paid			(6)
Balance at September 30, 2024			361

in $ millions
Balance at December 31, 2024			384
Net income attributable to redeemable noncontrolling interests			18
Acquisitions			17
Adjustment to the redemption value			20
Dividends paid			(20)
Balance at September 30, 2025			419

Balance at December 31, 2023			333
Net income attributable to redeemable noncontrolling interests			21
Adjustment to the redemption value			30
Dividends paid			(23)
Balance at September 30, 2024			361

17. Commitments and contingencies

Guarantees

The Company has given letters of guarantee to secure obligations of subsidiary undertakings as follows: $17.8 billion, $13.1 billion, and $12.9 billion in respect of loans and borrowings, bank advances and derivative obligations at September 30, 2025, December 31, 2024, and September 30, 2024, respectively, and $0.5 billion, $0.4 billion, and $0.5 billion at September 30, 2025, December 31, 2024, and September 30, 2024, respectively, in respect of letters of credit due within one year.

Legal Proceedings

The Company is not involved in any proceedings that it believes could reasonably be expected to have a material adverse effect on the Company’s financial condition, results of operations or liquidity.

CRH Form 10-Q 25

18. Subsequent events

The Company has evaluated subsequent events occurring through to the date the Condensed Consolidated Financial Statements were issued. Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the Condensed Consolidated Financial Statements except as noted below.

Issuance of Senior Notes

In October 2025, a wholly-owned subsidiary of the Company completed the issuance and sale of $1.0 billion 4.400% Guaranteed Notes due 2031, $1.0 billion 5.000% Guaranteed Notes due 2036, and $0.5 billion 5.600% Guaranteed Notes due 2056. The Notes are fully and unconditionally guaranteed by the Company as to the principal, interest, premium, if any, and any other amounts payable in respect of them. Net proceeds from the offering are expected to be used for general corporate purposes.

CRH Form 10-Q 26