Carbery Group revenue increased by 8% in 2025

The Carbery plant at Phale Lower, Ballineen, Co Cork. Picture: Dan Linehan

The Carbery Group has reported a revenue increase of 8%, or €723m.

The company has set aside a further €3m contribution to its stability fund to support milk price during times of volatility.

The group, headquartered in West Cork, reports revenue growth, continued investment in the business, and ongoing support for farmer shareholders, despite challenging dairy market conditions in the second half of the year.

Carbery reported it maintained its commitment to farmers by paying a leading milk price in 2025. Through the FutureProof sustainability bonus, €5.8m was paid to farmers in recognition of actions taken on the farm, bringing total FutureProof payments since the scheme began in 2022 to €18m. 

In 2025, the scheme covered 90% of Carbery’s milk pool.

The group processed a total of 608.8m litres of milk through Ballineen in 2025. Scope 1 and 2 emissions increased by 3.97% in 2025, which the group report attributed to higher milk volume, record production output and higher gas usage in Ballineen compared to 2024.

However, emissions intensity from the group has fallen 36% since 2020. Carbery has removed 100,993 tonnes of CO2 equivalent across its value chain since 2020.

Carbery Group chief executive Jason Hawkins said: “We grew revenue and saw strong underlying contributions from our nutrition, taste and dairy businesses, despite a more challenging dairy market environment in the second half of the year.

"Continued demand in whey protein, particularly across sports, clinical and active nutrition, alongside progress in our global flavours business, helped offset weaker dairy market returns later in the year.”

In the nutritional ingredients division of the business, the group reported a “maintained strong momentum” across sports, infant and clinical nutrition last year. Whey protein demand has increased significantly with the drive in active nutrition and expanding GLP-1 segment.

The group reported strong progress in the dairy business in 2025 despite weakened global markets. The group said investment in mozzarella capability enhanced flexibility and helped optimise returns across the cheese portfolio. Carbery produced its highest volume ever of mozzarella last year.

Looking ahead, Mr Hawkins said: “While the outlook for dairy markets in 2026 remains challenging, we are confident in the strength of our business and the clarity of our long-term direction.”