CRH : Year ended 31 December 2025 (CRH Finance Uplc 2025)

Published: 2026-05-07 12:11:19 ET CRH

Published on 05/07/2026 at 12:11 pm EDT

Registration number: 02153217

CRH Finance (U.K.) plc

Annual Report and Financial Statements for the Year Ended 31 December 2025

CRH Finance (U.K.) plc

Contents

Strategic Report

1 to 5

Directors' Report

6 to 9

Statement of Directors' Responsibilities

10

Independent Auditor's Report

11 to 18

Profit and Loss Account and Other Comprehensive Income

19

Balance Sheet

20

Statement of Changes in Equity

21

Notes to the Financial Statements

22 to 30

The Directors present their strategic report for CRH Finance (U.K.) plc (the "Company") for the year ended 31 December 2025.

The Company is part of the CRH sub-group of companies in the UK and is ultimately owned by CRH plc (CRH). CRH and its subsidiaries are referred to as the Group.

The Company's principal activity consists of transacting in fixed rate financial instruments to finance group undertakings, and to act as a financing company.

As of 31 December 2025, the company held a £400m sterling bond listed on the Euronext Dublin Main Securities Market with fixed interest rate of 4.125% and a maturity date of 02 December 2029. The bonds are guaranteed by its Ultimate Parent Company, CRH plc. These bonds have been subsequently lent as an intercompany loan to CRH (UK) Limited to fund its corporate activities with an interest rate charge of 5.185% and a maturity date of 02 December 2029.

During the year, the company received a total interest income of £20.68m (2024: £20.75m) with total interest paid on its listed bond of £16.81m (2024:£16.80m).

The results for the year ended 31 December 2025 show a profit after tax of £0.15m (2024: £0.21m). Net assets amount to

£1.63m at 31 December 2025 (2024: £1.48m).

The Directors do not anticipate any major change in the nature of the Company's business in the foreseeable future.

The key financial performance indicator which measures the Company's performance and financial strength is set out below. The Company calculates the net interest margin as a percentage of the net interest income or expense to the interest-earning assets.

The Company was in a net interest receivable position in 2025 and 2024. The Company regards ratios based on interest margin as more meaningful measures of financial capacity than the ratio of debt to total equity as they match the earnings and cash generated by the business to the underlying funding costs.

Profit after tax 152 207

Net interest margin 1.05 1.07

Profit after tax is deemed to be a KPI as it provides insight as to the level of activity and level of profitability for each financial year. Net interest margin is deemed to be a KPI due to the level of interest bearing balances within the entity and allows comparison between years of levels of interest. Net interest margin excludes bank and cash pool interest.

The principal risks are set out below.

The financial performance of the Company is affected by borrower credit quality and general conditions. Risks arising from changes in credit quality and the recoverability of loans and amounts due from other group companies are inherent in the Company's business.

Adverse changes in the credit quality of the Company's borrowers, general deterioration in economic conditions or arising from the systematic risks in the financial system could affect the recoverability and value of the Company's asset and require a provision for bad and doubtful debt and other provisions.

The most significant risks the Company faces are interest rate risks. Changes in interest rate level, yield curves and spreads may affect the interest rate margin realised between lending and borrowing costs and could result in decreased net finance income.

The Company uses financial instruments throughout the business such as interest bearing loans and borrowings and cash and cash equivalents, which are used to finance the Company operations and intercompany receivables which arise directly from operations.

The main risks attached to the Company's financial instruments are interest rate risk, credit risk and liquidity risk. The Board reviews and agrees policies for the prudent management of each of these risks as documented below.

The Company's exposure to market risks for changes in interest rates stem predominantly from its long-term debt obligations. Interest cost is managed centrally, by a centrally controlled CRH plc treasury function using a mix of fixed and floating rate debt.

Debtor balances give rise to credit risk on amounts due from counterparties. Credit risk is managed by limiting the aggregate amount and duration of exposure to any one counterparty primarily depending on its credit rating and by regular review of this rating. The maximum exposure arising in the event of default on the part of the counterparty is the carrying value of the financial assets as reported in the balance sheet.

The Company is exposed to liquidity risk which arises primarily from the maturing of short term and long-term debt obligations. The Company's policy is to ensure that sufficient resources are available either from cash balances, cash flows from other group companies or undrawn committed bank facilities, to ensure all obligations can be met as they fall due. To achieve this objective, the Company maintains cash balances and liquid investments in highly rated counterparties, limits the maturity of cash balances, borrows the bulk of its debt needs under committed bank lines or other term financing, and has surplus committed lines of credit.

The Company is part of a zero balancing cash pool arrangement between subsidiaries of CRH (UK) Limited. Each company participating in the cash pooling arrangement has cash automatically swept to/from its account on a daily basis so that the balance reverts to zero at the end of each day. Balances are interest bearing (see note 10).

Set out below is the Company's section 172 report as required by the Companies (Miscellaneous Reporting) Regulations 2018 (the "Regulations"). The Regulations require the Company to report how the directors have considered their duties under section 172 (of the Companies Act 2006 (the "Act") ("Section 172"), to promote the success of the Company for the benefit of its sole member, and in doing so have regard (amongst other matters) to:

the likely consequences of any decision in the long term;

the interests of the company's employees;

the need to foster the company's business relationships with suppliers, customers and others;

the impact of the company's operations on the community and the environment;

the desirability of the company maintaining a reputation for high standards of business conduct, and

the need to act fairly as between members of the company.

The Company is part of the CRH sub-group of companies in the UK and is ultimately owned by CRH plc ("CRH Plc"). CRH Plc and its subsidiaries are referred to as the Group (the "Group"). In the management of its subsidiaries, the Group defines the measurement of success as long term value creation for the benefit of both the immediate entity and the wider Group, whilst considering the priorities and feedback of the key stakeholders including the societies and communities the Group conducts business and operates across.

The Company's corporate purpose is to borrow and lend monies to other companies within the Group. Currently this is principally through the issuance of sterling bonds under the Euro Medium Term Note programme established in 2015 and guaranteed by CRH Plc. A key principle applied by the directors, in demonstrating their section 172 duties, is to always consider whether the decision they are about to take leads to a positive long-term increase in the value of the Company for the benefit of the shareholder, and ultimately CRH Plc and its stakeholders.

The Group recognises the need to have appropriate levels of corporate governance across its subsidiaries as part of its approach to risk mitigation. The Group maintains appropriate levels of corporate governance at both an enterprise wide and legal entity level. As a result of increased regulation and the directors' belief that it is the right thing to do in promoting and delivering against the Group's purpose and values, CRH and its UK subsidiary boards have recognised the need to formalise and implement key standards across its UK subsidiaries. Underpinning this approach to corporate governance is the CRH UK Corporate Subsidiary Governance policy (the "Policy"). The Policy is applicable to all operating UK entities and sets out clear corporate governance controls and processes that support the directors of the Company in executing their statutory duties.

The Company's board of directors (the "Board") have clear processes to follow when considering decisions, including principal decisions, which are strategically and commercially material decisions that impact the Company's key stakeholders. Responsibility for decision making on certain decisions, including principal decisions, is delegated to the board of CRH Plc. The Company's board confirms and ratifies any decisions made on its behalf.

As part of the Group's corporate governance processes, board paper preparers must ensure that the information provided to the Board, to help support and inform decision making, is of a high quality and integrity. The corporate governance controls set out under the Policy provides a decision making framework that ensures everyone involved in, and contributing to, the decision making process understands the duties which the directors must consider when making decisions and other applicable regulations. This enables the directors to have sufficient oversight and access to relevant information, therefore leading to effective and sustainable decision making.

Disclaimer

CRH plc published this content on May 07, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 07, 2026 at 16:09 UTC.