Item 1. Financial Statements

Condensed Consolidated Statements of Income (Unaudited)

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

			Three months ended						Six months ended
			June 30						June 30
			2026			2025			2026			2025
Product revenues			8,491			7,919			14,725			13,531
Service revenues			2,286			2,287			3,422			3,431
Total revenues			10,777			10,206			18,147			16,962
Cost of product revenues			(4,429)			(4,083)			(8,680)			(7,909)
Cost of service revenues			(2,054)			(2,097)			(3,128)			(3,190)
Total cost of revenues			(6,483)			(6,180)			(11,808)			(11,099)
Gross profit			4,294			4,026			6,339			5,863
Selling, general and administrative expenses			(2,267)			(2,120)			(4,324)			(3,953)
Gain on disposal of long-lived assets			52			29			74			43
Loss on impairments			–			–			(48)			–
Operating income			2,079			1,935			2,041			1,953
Interest income			22			30			43			67
Interest expense			(220)			(200)			(423)			(381)
Other nonoperating income (expense), net			282			(9)			278			(29)
Income from operations before income tax expense and income from equity method investments			2,163			1,756			1,939			1,610
Income tax expense			(661)			(425)			(606)			(367)
Income (loss) from equity method investments			9			1			(2)			(9)
Net income			1,511			1,332			1,331			1,234
Net (income) attributable to redeemable noncontrolling interests			(10)			(8)			(10)			(8)
Net (income) attributable to noncontrolling interests			(15)			(5)			(11)			(1)
Net income attributable to CRH			1,486			1,319			1,310			1,225
Earnings per share attributable to CRH
Basic			$2.22			$1.95			$1.94			$1.79
Diluted			$2.21			$1.94			$1.93			$1.78
Weighted average common shares outstanding
Basic			667.2			674.8			667.9			675.8
Diluted			668.8			677.7			670.3			679.9

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

3

CRH FORM 10-Q

Condensed Consolidated Statements of Comprehensive Income (Unaudited)

(in $ millions)

			Three months ended						Six months ended
			June 30						June 30
			2026			2025			2026			2025
Net income			1,511			1,332			1,331			1,234
Other comprehensive (loss) income, net of tax:
Currency translation adjustment			(13)			511			(102)			749
Net change in fair value of effective portion of cash flow hedges, net of tax of $5 million and $3 million for the three months ended June 30, 2026, and June 30, 2025, respectively; and $(2) million and $5 million for the six months ended June 30, 2026, and June 30, 2025, respectively			(4)			(10)			2			(33)
Actuarial losses and prior service credits for pension and other postretirement plans, net of tax of $2 million and $nil million for the three months ended June 30, 2026, and June 30, 2025, respectively; and $2 million and $1 million for the six months ended June 30, 2026, and June 30, 2025, respectively			(9)			(9)			(10)			(16)
Other comprehensive (loss) income			(26)			492			(110)			700
Comprehensive income			1,485			1,824			1,221			1,934
Comprehensive (income) attributable to redeemable noncontrolling interests			(10)			(8)			(10)			(8)
Comprehensive (income) attributable to noncontrolling interests			(12)			(36)			(20)			(41)
Comprehensive income attributable to CRH			1,463			1,780			1,191			1,885

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

4

CRH FORM 10-Q

Condensed Consolidated Balance Sheets (Unaudited)

(in $ millions, except share data)

			June 30			December 31			June 30
			2026			2025			2025
Assets
Current assets:
Cash and cash equivalents			3,025			4,096			2,876
Restricted cash			58			51			–
Accounts receivable, net of allowance for credit losses of $136 million, $137 million, and $151 million as of June 30, 2026, December 31, 2025, and June 30, 2025, respectively			6,777			5,178			6,490
Inventories			5,103			5,251			5,051
Other current assets			789			678			734
Total current assets			15,752			15,254			15,151
Property, plant and equipment, net			24,885			24,937			23,017
Equity method investments			464			502			712
Goodwill			13,150			13,099			11,673
Intangible assets, net			2,037			2,048			1,239
Operating lease right-of-use assets, net			1,285			1,471			1,295
Other noncurrent assets			979			1,018			897
Total assets			58,552			58,329			53,984
Liabilities, redeemable noncontrolling interests and shareholders’ equity
Current liabilities:
Accounts payable			3,535			3,263			3,303
Accrued expenses			2,046			2,196			2,266
Current portion of long-term debt			2,516			1,175			1,171
Operating lease liabilities			258			286			247
Other current liabilities			1,622			1,834			1,697
Total current liabilities			9,977			8,754			8,684
Long-term debt			15,410			16,478			14,642
Deferred income tax liabilities			3,509			3,511			3,202
Noncurrent operating lease liabilities			1,069			1,232			1,096
Other noncurrent liabilities			3,052			2,876			2,730
Total liabilities			33,017			32,851			30,354
Commitments and contingencies (Note 18)
Redeemable noncontrolling interests			435			430			389
Shareholders’ equity
Preferred stock, €1.27 par value, nil, 150,000 and 150,000 shares authorized and nil, 50,000 and 50,000 shares issued and outstanding for 5% preferred stock and nil, 872,000 and 872,000 shares authorized, issued and outstanding for 7% 'A' preferred stock, as of June 30, 2026, December 31, 2025, and June 30, 2025, respectively			–			1			1
Common stock, €0.32 par value, 1,250,000,000 shares authorized; 701,490,721, 706,946,142 and 711,792,599 issued and 665,895,636, 668,630,350 and 673,202,797 outstanding, as of June 30, 2026, December 31, 2025, and June 30, 2025, respectively			284			286			288
Treasury stock, at cost (35,595,085, 38,315,792 and 38,589,802 shares as of June 30, 2026, December 31, 2025, and June 30, 2025, respectively)			(1,896)			(2,016)			(2,028)
Additional paid-in capital			285			397			323
Accumulated other comprehensive loss			(376)			(257)			(345)
Retained earnings			25,738			25,593			24,106
Total shareholders’ equity attributable to CRH shareholders			24,035			24,004			22,345
Noncontrolling interests			1,065			1,044			896
Total equity			25,100			25,048			23,241
Total liabilities, redeemable noncontrolling interests and equity			58,552			58,329			53,984

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

5

CRH FORM 10-Q

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

			Six months ended
			June 30
			2026			2025
Cash Flows from Operating Activities:
Net income			1,331			1,234
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion, and amortization			1,124			1,005
Loss on impairments			48			–
Share-based compensation			73			66
Gain on disposals from businesses and long-lived assets, net			(334)			(12)
Deferred tax expense			31			5
Loss from equity method investments			2			9
Pension and other postretirement benefits net periodic benefit cost			–			12
Non-cash operating lease costs			164			134
Other items, net			6			2
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:
Accounts receivable, net			(1,824)			(1,397)
Inventories			(140)			(107)
Accounts payable			248			(58)
Operating lease liabilities			(167)			(153)
Other assets			(55)			(250)
Other liabilities			23			249
Pension and other postretirement benefits contributions			(21)			(20)
Dividends received from equity method investments			4			–
Net cash provided by operating activities			513			719
Cash Flows from Investing Activities:
Purchases of property, plant and equipment, and intangibles			(1,240)			(1,300)
Acquisitions, net of cash acquired			(1,110)			(648)
Proceeds from divestitures			1,676			37
Proceeds from disposal of long-lived assets			96			65
Distributions received from equity method investments			–			13
Settlements of derivatives			(33)			(33)
Deferred divestiture consideration received			–			38
Other investing activities, net			23			33
Net cash used in investing activities			(588)			(1,795)

6

CRH FORM 10-Q

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

			Six months ended
			June 30
			2026			2025
Cash Flows from Financing Activities:
Proceeds from debt issuances			1,552			4,542
Payments on debt			(1,129)			(3,352)
Settlements of derivatives			(40)			77
Payments of finance lease obligations			(73)			(46)
Deferred and contingent acquisition consideration paid			(18)			(13)
Dividends paid			(521)			(500)
Distributions to noncontrolling and redeemable noncontrolling interests			(23)			(22)
Transactions involving noncontrolling interests			(24)			2
Repurchases of common stock			(607)			(644)
Amounts related to employee share plans			(66)			(56)
Net cash used in financing activities			(949)			(12)
Effect of exchange rate changes on cash and cash equivalents, including restricted cash			(40)			205
Decrease in cash and cash equivalents, including restricted cash			(1,064)			(883)
Cash and cash equivalents and restricted cash at the beginning of period			4,147			3,759
Cash and cash equivalents and restricted cash at the end of period			3,083			2,876
Supplemental cash flow information:
Cash paid for interest (including finance leases)			335			251
Cash paid for income taxes			404			304
Reconciliation of cash and cash equivalents and restricted cash
Cash and cash equivalents presented in the Condensed Consolidated Balance Sheets			3,025			2,876
Restricted cash presented in the Condensed Consolidated Balance Sheets			58			–
Total cash and cash equivalents and restricted cash presented in the Condensed Consolidated Statements of Cash Flows			3,083			2,876

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

7

CRH FORM 10-Q

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 as of March 31, 2026			0.9			$1			704			$285			(35.8)			($1,905)			$250			($353)			$24,793			$23,071			$1,052			$24,123
Net income			–			–			–			–			–			–			–			–			1,486			1,486			15			1,501
Other comprehensive loss			–			–			–			–			–			–			–			(23)			–			(23)			(3)			(26)
Share-based compensation			–			–			–			–			–			–			44			–			–			44			–			44
Repurchases and retirement of preferred stock			(0.9)			(1)			–			–			–			–			–			–			–			(1)			–			(1)
Repurchases and retirement of common stock			–			–			(2.5)			(1)			–			–			–			–			(274)			(275)			–			(275)
Shares issued under employee share plans			–			–			–			–			0.2			9			(9)			–			–			–			–			–
Dividends declared on common stock			–			–			–			–			–			–			–			–			(260)			(260)			–			(260)
Distributions to noncontrolling interests			–			–			–			–			–			–			–			–			–			–			(4)			(4)
Noncontrolling interests arising on acquisition			–			–			–			–			–			–			–			–			–			–			5			5
Adjustment of redeemable noncontrolling interests to redemption value			–			–			–			–			–			–			–			–			(7)			(7)			–			(7)
Balance as of June 30, 2026			–			$–			701.5			$284			(35.6)			($1,896)			$285			($376)			$25,738			$24,035			$1,065			$25,100

For the three months ended June 30, 2026, dividends declared on Common stock were $0.39 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 as of December 31, 2025			0.9			$1			706.9			$286			(38.3)			($2,016)			$397			($257)			$25,593			$24,004			$1,044			$25,048
Net income			–			–			–			–			–			–			–			–			1,310			1,310			11			1,321
Other comprehensive loss			–			–			–			–			–			–			–			(119)			–			(119)			9			(110)
Share-based compensation			–			–			–			–			–			–			73			–			–			73			–			73
Repurchases and retirement of preferred stock			(0.9)			(1)			–			–			–			–			–			–			–			(1)			–			(1)
Repurchases and retirement of common stock			–			–			(5.4)			(2)			–			–			–			–			(605)			(607)			–			(607)
Shares issued under employee share plans			–			–			–			–			2.7			120			(185)			–			(1)			(66)			–			(66)
Dividends declared on common stock			–			–			–			–			–			–			–			–			(521)			(521)			–			(521)
Distributions to noncontrolling interests			–			–			–			–			–			–			–			–			–			–			(4)			(4)
Noncontrolling interests arising on acquisition			–			–			–			–			–			–			–			–			–			–			5			5
Transactions involving noncontrolling interests			–			–			–			–			–			–			–			–			(24)			(24)			–			(24)
Adjustment of redeemable noncontrolling interests to redemption value			–			–			–			–			–			–			–			–			(14)			(14)			–			(14)
Balance as of June 30, 2026			–			$–			701.5			$284			(35.6)			($1,896)			$285			($376)			$25,738			$24,035			$1,065			$25,100

For the six months ended June 30, 2026, dividends declared on Common stock were $0.78 per common share.

8

CRH FORM 10-Q

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 as of March 31, 2025			0.9			$1			715.4			$289			(38.9)			($2,038)			$298			($806)			$23,375			$21,119			$859			$21,978
Net income			–			–			–			–			–			–			–			–			1,319			1,319			5			1,324
Other comprehensive income			–			–			–			–			–			–			–			461			–			461			31			492
Share-based compensation			–			–			–			–			–			–			34			–			–			34			–			34
Repurchases and retirement of common stock			–			–			(3.7)			(1)			–			–			–			–			(333)			(334)			–			(334)
Shares issued under employee share plans			–			–			–			–			0.3			10			(9)			–			–			1			–			1
Dividends declared on common stock			–			–			–			–			–			–			–			–			(249)			(249)			–			(249)
Distributions to noncontrolling interests			–			–			–			–			–			–			–			–			–			–			(1)			(1)
Transactions involving noncontrolling interests			–			–			–			–			–			–			–			–			–			–			2			2
Adjustment of redeemable noncontrolling interests to redemption value			–			–			–			–			–			–			–			–			(6)			(6)			–			(6)
Balance as of June 30, 2025			0.9			$1			711.7			$288			(38.6)			($2,028)			$323			($345)			$24,106			$22,345			$896			$23,241

For the three months ended June 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 as of 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			–			–			–			–			–			–			–			–			1,225			1,225			1			1,226
Other comprehensive income			–			–			–			–			–			–			–			660			–			660			40			700
Share-based compensation			–			–			–			–			–			–			66			–			–			66			–			66
Repurchases and retirement of common stock			–			–			(6.9)			(2)			–			–			–			–			(642)			(644)			–			(644)
Shares issued under employee share plans			–			–			–			–			2.8			109			(165)			–						(56)			–			(56)
Dividends declared on common stock			–			–			–			–			–			–			–			–			(500)			(500)			–			(500)
Distributions to noncontrolling interests			–			–			–			–			–			–			–			–			–			–			(6)			(6)
Transactions involving noncontrolling interests			–			–			–			–			–			–			–			–			–			–			2			2
Adjustment of redeemable noncontrolling interests to redemption value			–			–			–			–			–			–			–			–			(13)			(13)			–			(13)
Balance as of June 30, 2025			0.9			$1			711.7			$288			(38.6)			($2,028)			$323			($345)			$24,106			$22,345			$896			$23,241

For the six months ended June 30, 2025, dividends declared on Common stock were $0.74 per common share.

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

9

CRH FORM 10-Q

Notes to Condensed Consolidated Financial Statements (Unaudited)

1. Summary of significant accounting policies

1.1. Description of business

CRH is the leading provider of building materials critical to modernizing infrastructure. The Company operates in the building materials industry, providing essential materials and products 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. A summary of significant accounting policies used in the preparation of the accompanying Condensed Consolidated Financial Statements follows.

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 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 2025 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 as of the dates presented. Operating results for the three and six months ended June 30, 2026 are not necessarily indicative of the results that may be expected for the year ending December 31, 2026 or any future interim period. The Condensed Consolidated Balance Sheet as of December 31, 2025 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 2025 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.

1.3. Cash and cash equivalents and restricted cash

Cash and cash equivalents include cash on hand and all highly liquid investments with original maturities at the time of purchase of three months or less. Restricted cash consists of amounts held in escrow 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 the audited Consolidated Financial Statements included in the Company's 2025 Form 10-K for impacts of new accounting standards. There were no material impacts from the adoption of new accounting standards to the Company's Condensed Consolidated Financial Statements for the six months ended June 30, 2026.

10

CRH FORM 10-Q

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

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

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

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

			Three months ended June 30, 2026
in $ millions			Americas Materials Solutions			Americas Building Solutions			International Solutions			Total
Principal activities and products
Essential Materials (i)			1,638			–			1,589			3,227
Road Solutions (i)			3,319			–			1,350			4,669
Building & Infrastructure Solutions (ii)			–			764			566			1,330
Outdoor Living Solutions			–			1,353			198			1,551
Total revenues			4,957			2,117			3,703			10,777
			Three months ended June 30, 2025
in $ millions			Americas Materials Solutions			Americas Building Solutions			International Solutions			Total
Principal activities and products
Essential Materials			1,365			–			1,376			2,741
Road Solutions (i)			3,144			–			1,392			4,536
Building & Infrastructure Solutions (ii)			–			697			585			1,282
Outdoor Living Solutions			–			1,462			185			1,647
Total revenues			4,509			2,159			3,538			10,206

			Six months ended June 30, 2026
in $ millions			Americas Materials Solutions			Americas Building Solutions			International Solutions			Total
Principal activities and products
Essential Materials (i)			2,782			–			2,777			5,559
Road Solutions (i)			4,899			–			2,482			7,381
Building & Infrastructure Solutions (ii)			–			1,355			1,104			2,459
Outdoor Living Solutions			–			2,430			318			2,748
Total revenues			7,681			3,785			6,681			18,147
			Six months ended June 30, 2025
in $ millions			Americas Materials Solutions			Americas Building Solutions			International Solutions			Total
Principal activities and products
Essential Materials			2,241			–			2,438			4,679
Road Solutions (i)			4,511			–			2,527			7,038
Building & Infrastructure Solutions (ii)			–			1,265			1,091			2,356
Outdoor Living Solutions			–			2,576			313			2,889
Total revenues			6,752			3,841			6,369			16,962

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CRH FORM 10-Q

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

			Three months ended						Six months ended
			June 30						June 30
in $ millions			2026			2025			2026			2025
Americas Materials Solutions			1,831			1,709			2,569			2,347
International Solutions			337			448			625			843
Total revenue from contracts with customers			2,168			2,157			3,194			3,190

(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						Six months ended
			June 30						June 30
in $ millions			2026			2025			2026			2025
Americas Building Solutions			15			14			26			28
International Solutions			103			116			202			213
Total revenue from contracts with customers			118			130			228			241

Contract assets were $793 million, $525 million and $834 million and contract liabilities were $358 million, $405 million and $396 million, as of June 30, 2026, December 31, 2025, and June 30, 2025, respectively. The Company recognized revenue of $309 million and $334 million for the six months ended June 30, 2026, and June 30, 2025, respectively, which was previously included in the contract liability balance as of December 31, 2025, and December 31, 2024, respectively.

Contract assets include unbilled revenue and retentions held by customers in respect of construction contracts as of June 30, 2026, December 31, 2025, and June 30, 2025 amounting to $575 million and $218 million, $299 million and $226 million, and $618 million and $216 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 June 30, 2026, the Company had $3,254 million of transaction price allocated to remaining performance obligations. The majority of open contracts as of June 30, 2026 are expected to close and revenue to be recognized within 12 months of the balance sheet date.

3. Assets held for sale and divestitures

On January 27, 2026, the Company entered into an agreement to divest of its construction accessories operations for consideration of $0.7 billion. A goodwill impairment of $48 million was recognized on the operations' assets in the first quarter of 2026 to reflect the reduction to fair value less costs to sell, inclusive of Cumulative Translation Adjustment (CTA), the primary driver of the impairment. The transaction closed on May 29, 2026. The results of the divested operations, up to the date of divestiture, are reported in the International Solutions segment.

On March 16, 2026, the Company entered into an agreement to divest of its lawn and garden operations for consideration of $1.1 billion. The transaction closed on May 8, 2026. The results of the divested operations, up to the date of divestiture, are reported in the Americas Building Solutions segment.

Total second quarter divestitures resulted in a pre-tax gain of $266 million which is included in Other nonoperating income (expense), net in the Condensed Consolidated Statements of Income.

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CRH FORM 10-Q

4. 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.

During the six months ended June 30, 2026, the Company completed the acquisition of 16 companies. The total cash consideration for these acquisitions, net of cash acquired, was $1,110 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 as of June 30, 2026, including measurement period adjustments to provisional fair values in respect of acquisitions completed in previous periods, were:

in $ millions									Total (i)
Identifiable assets acquired and liabilities assumed
Assets
Cash and cash equivalents									73
Accounts receivable, net									132
Inventories									49
Other current assets									10
Property, plant and equipment, net									291
Intangible assets, net									114
Operating lease right-of-use assets, net									29
Total assets									698
Liabilities
Accounts payable									45
Accrued expenses									9
Operating lease liabilities									29
Long-term debt									1
Deferred income tax liabilities									33
Other liabilities									32
Total liabilities									149
Total identifiable net assets at fair value									549
Goodwill									649
Noncontrolling interests									(5)
Total consideration									1,193
Consideration satisfied by:
Cash payments									1,183
Deferred consideration (stated at net present cost)									10
Total consideration									1,193
Acquisitions of businesses, net of cash acquired
Cash consideration									1,183
Less: cash and cash equivalents acquired									(73)
Total outflow in the Condensed Consolidated Statements of Cash Flows									1,110

(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 six months ended June 30, 2026, together with measurement period adjustments to provisional fair values in respect of acquisitions completed during previous periods; none of which were material or non-routine substantial.

As a result of the acquisitions completed in the six months ended June 30, 2026, including adjustments to provisional values, the Company recognized $114 million of amortizable intangible assets and $649 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 six months ended June 30, 2026, $60 million is expected to be deductible for tax purposes. The amortizable intangible assets will be amortized against earnings over a weighted average of eight years.

On June 22, 2026, CRH announced a definitive agreement to acquire Arcosa, a leading U.S. provider of infrastructure-related materials, products, and solutions, headquartered in Dallas, Texas, in an all-cash transaction for $150 per share reflecting a total enterprise value of approximately $8.5 billion. The acquisition is expected to close in the first quarter of 2027 subject to approval of Arcosa’s stockholders, regulatory approvals, and other customary closing conditions.

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CRH FORM 10-Q

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 acquisition-related costs of $10 million and $10 million for the three months ended June 30, 2026 and June 30, 2025, respectively. The Company incurred acquisition-related costs of $14 million and $15 million for the six months ended June 30, 2026 and June 30, 2025, respectively.

For the period from acquisition date through June 30, 2026, and June 30, 2025, respectively, acquisitions contributed $59 million and $134 million to Total revenues, and a loss of $12 million and $8 million to Net income attributable to CRH, including the effect of interest expense to finance the acquisitions.

Pro forma results of operations for the acquisitions completed in the six months ended June 30, 2026, as if they were combined as of January 1, 2025, have not been presented because they are not material to the Condensed Consolidated Financial Statements.

5. Accounts receivable, net

Accounts receivable, net, were:

			June 30			December 31			June 30
in $ millions			2026			2025			2025
Trade receivables			5,534			4,296			5,326
Construction contract assets			793			525			834
Total accounts receivable			6,327			4,821			6,160
Less: allowance for credit losses			(136)			(137)			(151)
Other current receivables			586			494			481
Total accounts receivable, net			6,777			5,178			6,490

Of the total Accounts receivable, net balances, $12 million, $32 million and $62 million as of June 30, 2026, December 31, 2025, and June 30, 2025, respectively, were due from equity method investments.

The changes in the allowance for credit losses were:

in $ millions			2026						2025
As of January 1			137						140
Charge-offs			(6)						(7)
Provision for credit losses			8						2
Foreign currency translation and other			(3)						16
As of June 30			136						151

6. Inventories

Inventories were:

			June 30			December 31			June 30
in $ millions			2026			2025			2025
Raw materials			2,349			2,295			2,434
Work-in-process			351			360			270
Finished goods			2,403			2,596			2,347
Total inventories			5,103			5,251			5,051

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CRH FORM 10-Q

7. 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, 2025			6,964			3,328			2,807			13,099
Acquisitions			60			550			39			649
Foreign currency translation adjustment			(18)			(5)			(37)			(60)
Impairment charge			–			–			(48)			(48)
Divestitures			(1)			(318)			(171)			(490)
Reallocation			–			(14)			14			–
Carrying value, June 30, 2026			7,005			3,541			2,604			13,150
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			1,144			188			488			1,820
Foreign currency translation adjustment			24			70			134			228
Divestitures			(7)			–			(3)			(10)
Carrying value, December 31, 2025			6,964			3,328			2,807			13,099
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			182			142			47			371
Foreign currency translation adjustment			23			11			210			244
Divestitures			–			–			(3)			(3)
Carrying value, June 30, 2025			6,008			3,223			2,442			11,673

During the six months ended June 30, 2026, a goodwill impairment loss of $48 million has been recorded within the Company’s International Solutions segment relating to assets held for sale. There were no goodwill impairment charges recorded during the six months ended June 30, 2025.

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CRH FORM 10-Q

8. Additional financial information

Other current assets were:

			June 30			December 31			June 30
in $ millions			2026			2025			2025
Prepayments			468			394			451
Income taxes recoverable			229			274			214
Other			92			10			69
Total other current assets			789			678			734

Accrued expenses were:

			June 30			December 31			June 30
in $ millions			2026			2025			2025
Accrued payroll and employee benefits			801			996			962
Other accruals			1,245			1,200			1,304
Total accrued expenses			2,046			2,196			2,266

Other current liabilities were:

			June 30			December 31			June 30
in $ millions			2026			2025			2025
Construction contract liabilities			358			405			396
Insurance liability			185			163			184
Income tax payable			65			106			58
Accrued external interest payable (excluding lease interest)			292			214			254
Finance lease liability			116			116			81
Other			606			830			724
Total other current liabilities			1,622			1,834			1,697

Other noncurrent liabilities were:

			June 30			December 31			June 30
in $ millions			2026			2025			2025
Income tax payable			1,029			868			873
Asset retirement obligations			346			357			348
Pension liability			214			248			238
Insurance liability			369			335			297
Finance lease liability			444			418			361
Other			650			650			613
Total other noncurrent liabilities			3,052			2,876			2,730

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CRH FORM 10-Q

9. Debt

Long-term debt was:

						June 30			December 31			June 30
in $ millions			Effective interest rate			2026			2025			2025
Senior Notes (U.S. Dollar denominated unless otherwise noted)
1.250% euro Senior Notes due 2026			1.25		%	855			882			879
3.400% Senior Notes due 2027			3.49		%	600			600			600
4.000% euro Senior Notes due 2027			4.13		%	570			588			586
3.950% Senior Notes due 2028			4.07		%	900			900			900
1.375% euro Senior Notes due 2028			1.42		%	684			705			703
5.200% Senior Notes due 2029			5.30		%	750			750			750
4.125% Sterling Senior Notes due 2029			4.22		%	529			539			548
5.125% Senior Notes due 2030			5.25		%	1,250			1,250			1,250
1.625% euro Senior Notes due 2030			1.72		%	855			882			879
4.400% Senior Notes due 2031			4.58		%	1,000			1,000			–
4.000% euro Senior Notes due 2031			4.10		%	855			882			879
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			1,250			1,250
4.250% euro Senior Notes due 2035			4.38		%	855			882			879
5.000% Senior Notes due 2036			5.15		%	1,000			1,000			–
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			500			500
5.600% Senior Notes due 2056			5.74		%	500			500			–
Bank and Other Debt Obligations
USD interest-bearing loan due 2027			4.96		%	750			750			750
PHP interest-bearing loan due 2027			5.63		%	389			391			410
AUD interest-bearing loan due 2028			6.09		%	421			411			–
AUD interest-bearing loan due 2029			—		%	–			–			483
AUD interest-bearing loan due 2030			5.31		%	218			258			–
U.S. Dollar Commercial Paper			4.12		%	651			–			1,002
Euro Commercial Paper			—		%	–			170			–
Other obligations						71			78			78
Unamortized discounts and debt issuance costs						(95)			(98)			(83)
Total long-term debt (ii)						17,821			17,533			15,706
Less: current portion of long-term debt (iii)						(2,411)			(1,055)			(1,064)
Long-term debt						15,410			16,478			14,642

(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 $22 million, $23 million, and $25 million as of June 30, 2026, December 31, 2025, and June 30, 2025, respectively.

(ii) Of the Company’s nominal fixed rate debt as of June 30, 2026, December 31, 2025, and June 30, 2025, $500 million, $500 million, and $500 million, respectively, was hedged to daily compounded Secured Overnight Financing Rate (SOFR) using interest rate swaps. Of the Company’s nominal floating rate debt as of June 30, 2026, December 31, 2025, and June 30, 2025, $413 million, $nil million, and $nil million, respectively, was hedged to fixed rates using interest rate swaps.

(iii) Excludes borrowings from bank overdrafts of $105 million, $120 million, and $107 million, which are recorded within Current portion of long-term debt in the Condensed Consolidated Balance Sheets as of June 30, 2026, December 31, 2025, and June 30, 2025, 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.

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CRH FORM 10-Q

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, 4.400% Senior Notes due 2031, 5.400% Senior Notes due 2034, 5.500% Senior Notes due 2035, 5.000% Senior Notes due 2036, 5.125% Senior Notes due 2045, 4.400% Senior Notes due 2047, 4.500% Senior Notes due 2048, 5.875% Senior Notes due 2055, and 5.600% Senior Notes due 2056. This repurchase involves a cash payment equal to 101% of the principal amount, along with any accrued and unpaid interest.

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 (bps) per rating notch per agency, capped at 100 bps per agency. However, this coupon step-up would reverse if the Company returns to an investment-grade rating.

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 $4 million as of June 30, 2026. The total potential credit available through this arrangement is €3,500 million, inclusive of the ability to issue letters of credit.

As of June 30, 2026, December 31, 2025, and June 30, 2025, 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 as of June 30, 2026 was $3,988 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. In December 2025, this facility was extended by one year to 2027.

In connection with the Arcosa Acquisition, on June 22, 2026, the Company, as guarantor, and CRH America Finance, Inc., a Delaware corporation and indirect wholly-owned subsidiary of the Company (‘America Finance’), as borrower, entered into a bridge facility agreement with the lenders party thereto, pursuant to which the lenders committed to provide a 364-day $5.8 billion U.S. dollar term loan facility (the ‘Bridge Facility’) to finance, in part, the consideration payable in connection with the Arcosa Acquisition, the refinancing of certain of Arcosa’s existing debt and related fees and expenses. Borrowings under the Bridge Facility bear interest at SOFR plus a margin which increases over the tenor of the loan, initially at 0.25% for the first quarter, increasing to 0.40% for the next quarter, and increasing by another 0.20% each quarter thereafter. A ticking fee is payable on a quarterly basis based on a percentage of the applicable margin and calculated on the daily undrawn amount of the Bridge Facility. As of June 30, 2026, there were no outstanding borrowings under the Bridge Facility.

On July 17, 2026, the Company, as guarantor, and America Finance, as borrower, entered into a three-year $2.5 billion term loan facility in connection with the Arcosa Acquisition (the ‘Term Loan Facility’). As a result of the Term Loan Facility, the commitments under the Bridge Facility were reduced from $5.8 billion to $3.3 billion. Borrowings under the Term Loan Facility bear interest at SOFR plus a margin determined in accordance with a ratings-based pricing grid. A ticking fee is payable on a quarterly basis based on a percentage of the applicable margin and calculated on the daily undrawn amount of the Term Loan Facility.

Both the Bridge Facility and the Term Loan Facility include customary terms and conditions for investment-grade borrowers. There are no financial covenants. The funding of the Bridge Facility and the Term Loan Facility are subject to the occurrence of customary closing conditions for the Arcosa Acquisition.

Philippines (PHP) Debt:

The Company's subsidiary, Republic Cement & Building Materials, Inc., has entered into a number of committed credit arrangements with local banks totaling $0.4 billion (PHP23.6 billion). The Company does not guarantee these facilities. The funds drawn from these facilities carry a combination of fixed and floating interest rates.

Australian (AUD) Debt:

In July 2024, the Company acquired Adbri which had committed credit agreements with a range of banks and credit institutions totaling $0.6 billion (AUD0.9 billion). The funds drawn from these facilities carried a combination of fixed and floating interest rates. In November 2025, Adbri entered into a new credit facility with a range of banks and credit institutions totaling $0.8 billion (AUD1.2 billion). Funds were initially drawn to retire a portion of Adbri's existing credit facilities. The Company does not provide a guarantee for Adbri's facilities. The funds drawn from these facilities carry a combination of fixed and floating interest rates.

Commercial Paper:

As of June 30, 2026, the Company had a $4 billion U.S. Dollar Commercial Paper Program and a €1.5 billion 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 June 30, 2026 are as follows:

in $ millions			Remainder of 2026			2027			2028			2029			2030			2031 and thereafter			Total
Long-term debt maturities			1,526			2,207			1,986			1,346			2,245			8,511			17,821

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CRH FORM 10-Q

10. 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 $17,821 million, $17,533 million, and $15,706 million as of June 30, 2026, December 31, 2025, and June 30, 2025, respectively. The fair values of the Company’s Long-term debt were $17,608 million, $17,502 million, and $15,587 million as of June 30, 2026, December 31, 2025, and June 30, 2025, 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 6.22% and 7.26%.

See Note 17 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.

11. Income taxes

The Company’s income tax provision for interim periods 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 income 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						Six months ended
			June 30						June 30
in $ millions			2026			2025			2026			2025
Total tax expense			661			425			606			367
Effective income tax rate			31%			24%			31%			23%

The increase in effective tax rate for the three and six months ended June 30, 2026 respectively, is mainly driven by the divestiture of the lawn and garden and construction accessories operations.

12. Earnings per share (EPS)

The calculation of basic and diluted earnings per share was:

			Three months ended									Six months ended
			June 30									June 30
in $ millions, except share and per share data			2026			2025									2026			2025
Numerator
Net income			1,511			1,332									1,331			1,234
Net (income) attributable to redeemable noncontrolling interests			(10)			(8)									(10)			(8)
Net (income) attributable to noncontrolling interests			(15)			(5)									(11)			(1)
Adjustment of redeemable noncontrolling interests to redemption value			(7)			(6)									(14)			(13)
Net income attributable to CRH for EPS - basic and diluted			1,479			1,313									1,296			1,212
Denominator
Weighted average common shares outstanding - basic (i)			667.2			674.8									667.9			675.8
Effect of dilutive employee share awards (ii)			1.6			2.9									2.4			4.1
Weighted average common shares outstanding - diluted			668.8			677.7									670.3			679.9
Earnings per share attributable to CRH
Basic			$2.22			$1.95									$1.94			$1.79
Diluted			$2.21			$1.94									$1.93			$1.78

(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 are not entitled to receive dividends.

(ii) Common shares that would only be issued contingent on certain conditions totaling 2,699,537 as of June 30, 2026 and 3,757,241 as of June 30, 2025, 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.

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CRH FORM 10-Q

13. 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 as of March 31, 2026			(288)			(42)			(23)			(353)
Other comprehensive income before reclassifications			40			8			1			49
Amounts reclassified from Accumulated other comprehensive loss			(53)			(12)			(10)			(75)
Net current-period other comprehensive (loss)			(13)			(4)			(9)			(26)
Other comprehensive loss attributable to noncontrolling interests			3			–			–			3
Balance as of June 30, 2026			(298)			(46)			(32)			(376)
Balance as of December 31, 2025			(187)			(48)			(22)			(257)
Other comprehensive (loss) income before reclassifications			(49)			16			2			(31)
Amounts reclassified from Accumulated other comprehensive loss			(53)			(14)			(12)			(79)
Net current-period other comprehensive (loss) income			(102)			2			(10)			(110)
Other comprehensive (income) attributable to noncontrolling interests			(9)			–			–			(9)
Balance as of June 30, 2026			(298)			(46)			(32)			(376)
Balance as of March 31, 2025			(627)			(86)			(93)			(806)
Other comprehensive income (loss) before reclassifications			519			(11)			–			508
Amounts reclassified from Accumulated other comprehensive loss			(8)			1			(9)			(16)
Net current-period other comprehensive income (loss)			511			(10)			(9)			492
Other comprehensive (income) attributable to noncontrolling interests			(31)			–			–			(31)
Balance as of June 30, 2025			(147)			(96)			(102)			(345)
Balance as of December 31, 2024			(856)			(63)			(86)			(1,005)
Other comprehensive income (loss) before reclassifications			783			(32)			–			751
Amounts reclassified from Accumulated other comprehensive loss			(34)			(1)			(16)			(51)
Net current-period other comprehensive income (loss)			749			(33)			(16)			700
Other comprehensive (income) attributable to noncontrolling interests			(40)			–			–			(40)
Balance as of June 30, 2025			(147)			(96)			(102)			(345)

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

			Three months ended						Six months ended
			June 30						June 30
in $ millions			2026			2025			2026			2025
Cash flow hedges
Cost of product revenues			(16)			1			(18)			(1)
Income tax expense			4			–			4			–
Total			(12)			1			(14)			(1)
Pension and other postretirement plans
Other nonoperating income, net			(12)			(9)			(14)			(17)
Income tax expense			2			–			2			1
Total			(10)			(9)			(12)			(16)
Reclassifications from Accumulated other comprehensive loss to income			(22)			(8)			(26)			(17)

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CRH FORM 10-Q

14. 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 and 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 data 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 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 June 30, 2026
in $ millions			Americas Materials Solutions			Americas Building Solutions			International Solutions			Total
Total revenues			4,957			2,117			3,703			10,777
Less:
Labor			1,011			362			685			2,058
Energy costs			245			34			304			583
Other segment items (i)			2,317			1,259			1,933			5,509
Adjusted EBITDA			1,384			462			781			2,627

			Three months ended June 30, 2025
in $ millions			Americas Materials Solutions			Americas Building Solutions			International Solutions			Total
Total revenues			4,509			2,159			3,538			10,206
Less:
Labor			948			385			648			1,981
Energy costs			208			32			257			497
Other segment items (i)			2,112			1,241			1,912			5,265
Adjusted EBITDA			1,241			501			721			2,463

			Six months ended June 30, 2026
in $ millions			Americas Materials Solutions			Americas Building Solutions			International Solutions			Total
Total revenues			7,681			3,785			6,681			18,147
Less:
Labor			1,858			737			1,390			3,985
Energy costs			395			69			540			1,004
Other segment items (i)			3,941			2,230			3,774			9,945
Adjusted EBITDA			1,487			749			977			3,213

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CRH FORM 10-Q

			Six months ended June 30, 2025
in $ millions			Americas Materials Solutions			Americas Building Solutions			International Solutions			Total
Total revenues			6,752			3,841			6,369			16,962
Less:
Labor			1,702			760			1,305			3,767
Energy costs			348			64			477			889
Other segment items (i)			3,402			2,229			3,717			9,348
Adjusted EBITDA			1,300			788			870			2,958

(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						Six months ended
			June 30						June 30
in $ millions			2026			2025			2026			2025
Adjusted EBITDA			2,627			2,463			3,213			2,958
Depreciation, depletion, and amortization			(548)			(528)			(1,124)			(1,005)
Loss on impairments (i)			–			–			(48)			–
Interest income			22			30			43			67
Interest expense			(220)			(200)			(423)			(381)
Gain (loss) on divestitures and investments (ii)			266			(16)			260			(42)
Pension income excluding current service cost component (ii)			13			5			18			9
Other interest, net (ii)			3			2			–			4
Income from operations before income tax expense and income from equity method investments			2,163			1,756			1,939			1,610

(i) Loss on impairments is comprised of $48 million within International Solutions for the six months ended June 30, 2026.

(ii) 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 and amortization for each of the segments were:

			Three months ended						Six months ended
			June 30						June 30
in $ millions			2026			2025			2026			2025
Depreciation, depletion and amortization
Americas Materials Solutions			239			235			500			455
Americas Building Solutions			91			97			184			188
International Solutions			218			196			440			362
Total depreciation, depletion and amortization			548			528			1,124			1,005

The segment assets were:

			June 30			December 31			June 30
in $ millions			2026			2025			2025
Assets
Americas Materials Solutions			26,574			25,396			22,993
Americas Building Solutions			10,081			9,712			9,838
International Solutions			17,901			18,121			17,098
Total assets for reportable segments			54,556			53,229			49,929

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CRH FORM 10-Q

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

			Six months ended
			June 30
in $ millions			2026			2025
Property, plant and equipment and intangible asset additions (i)
Americas Materials Solutions			635			582
Americas Building Solutions			207			314
International Solutions			535			494
Total property, plant and equipment and intangible asset additions			1,377			1,390

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

15. 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						Six months ended						Three months ended						Six months ended
			June 30						June 30						June 30						June 30
in $ millions			2026			2025			2026			2025			2026			2025			2026			2025
Service cost			1			1			1			1			8			10			17			20
Interest cost			6			6			12			12			23			22			46			42
Expected return on assets			(6)			(6)			(12)			(11)			(25)			(26)			(51)			(49)
Amortization of:
Prior service credit			–			–			–			–			(3)			(3)			(6)			(6)
Actuarial loss			1			–			1			–			1			2			2			3
Curtailment gain			–			–			–			–			(1)			–			(1)			–
Settlement gain (i)			–			–			–			–			(9)			–			(9)			–
Net periodic benefit cost (ii) (iii)			2			1			2			2			(6)			5			(2)			10

(i) Settlement gain of $9 million for the three and six months ended June 30, 2026 relates to pension plans divested as part of the sale of the Company's construction accessories operations (see Note 3) and is included within Other nonoperating income (expense), net.

(ii) Includes net periodic benefit cost of $2 million and $1 million related to OPEB plans for the three months ended June 30, 2026 and June 30, 2025, respectively, and $3 million and $2 million for the six months ended June 30, 2026 and June 30, 2025, 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.

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CRH FORM 10-Q

16. 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:

			June 30			December 31			June 30
in $ millions			2026			2025			2025
Assets
Current assets:
Cash and cash equivalents			18			40			27
Accounts receivable, net			40			42			43
Inventories			92			81			91
Other current assets			33			39			61
Total current assets			183			202			222
Property, plant and equipment, net			744			793			849
Goodwill			180			187			196
Intangible assets, net			–			–			1
Operating lease right-of-use assets, net			4			4			4
Other noncurrent assets			10			9			11
Total assets			1,121			1,195			1,283
Liabilities
Current liabilities:
Accounts payable			97			119			104
Accrued expenses			38			33			43
Current portion of long-term debt			318			13			62
Operating lease liabilities			1			1			1
Other current liabilities			16			21			25
Total current liabilities			470			187			235
Long-term debt			70			377			347
Deferred income tax liabilities			83			89			95
Noncurrent operating lease liabilities			3			3			4
Other noncurrent liabilities			22			21			23
Total liabilities			648			677			704

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						Six months ended
			June 30						June 30
in $ millions			2026			2025			2026			2025
Total revenues			73			82			147			166
Total cost of revenues			(69)			(85)			(153)			(165)
Gross profit (loss)			4			(3)			(6)			1
Net loss			(5)			(17)			(28)			(30)
Net cash used in operating activities									(35)			(12)

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CRH FORM 10-Q

17. 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 after December 31, 2035, 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.

During the periods ended June 30, 2026 and June 30, 2025 the Company adjusted the carrying amount of the redeemable noncontrolling interests to reflect the estimated redemption values as of the balance sheet date. The adjustment was based on the formulaic redemption values, with an offsetting entry to retained earnings.

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

in $ millions
Balance as of March 31, 2026			422
Net income attributable to redeemable noncontrolling interests			10
Adjustment to the redemption value			7
Dividends paid			(4)
Balance as of June 30, 2026			435

Balance as of March 31, 2025			379
Net income attributable to redeemable noncontrolling interests			8
Adjustment to the redemption value			6
Dividends paid			(4)
Balance as of June 30, 2025			389

in $ millions
Balance as of December 31, 2025			430
Net income attributable to redeemable noncontrolling interests			10
Adjustment to the redemption value			14
Dividends paid			(19)
Balance as of June 30, 2026			435

Balance as of December 31, 2024			384
Net income attributable to redeemable noncontrolling interests			8
Adjustment to the redemption value			13
Dividends paid			(16)
Balance as of June 30, 2025			389

18. Commitments and contingencies

Guarantees

The Company has given letters of guarantee to secure obligations of subsidiary undertakings as follows: $16.9 billion, $16.6 billion, and $14.9 billion in respect of loans and borrowings, bank advances and derivative obligations as of June 30, 2026, December 31, 2025, and June 30, 2025, respectively, and $0.5 billion, $0.5 billion, and $0.5 billion as of June 30, 2026, December 31, 2025, and June 30, 2025, 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.

19. 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.

Term Loan Facility

On July 17, 2026, the Company entered into a three-year $2.5 billion term loan facility to support the financing of its pending acquisition of Arcosa. As a result of entering into the Term Loan Facility, the commitments under the Bridge Loan Facility were reduced to $3.3 billion. For additional information, see Note 9 to the Condensed Consolidated Financial Statements.

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CRH FORM 10-Q