• Delivered Global and North America Results Consistent with FY25 Guidance
• FY25 GAAP Operating Income of $656 million, Adjusted EBITDA of $1.1 billion
• Expects Organic Sales and EBITDA Growth In Every Region for FY26

James Hardie Industries Plc, a leader in providing high performance, low maintenance building products and solutions, announced its results for the fourth quarter and full year ended March 31, 2025. The company delivered solid business and financial results in the fourth quarter, with FY25 performance reflecting its commitment to invest and grow profitably even in a more challenging market environment. For the full year, James Hardie achieved GAAP Operating Income of $656 million and Adjusted EBITDA of $1.1 billion, with an Adjusted EBITDA margin of 27.8%. This was despite a more challenging macro environment compared to the initial FY25 outlook. The company's North America business grew the top line at a +10% CAGR over the past five years and expanded Adjusted EBITDA margin by more than +400bps, demonstrating the strength of its value proposition and underlying strategy momentum.Looking ahead to FY26, the company expects to deliver organic sales and EBITDA growth in every region, despite near-term market headwinds. In North America, the company is planning for market volumes to contract, including a fourth consecutive year of declines in large-ticket repair & remodel activity. However, the company remains committed to outperforming its end-markets, driven by its material conversion strategy and focus on delivering value for customers. The company expects to grow its free cash flow by +30% to at least $500 million in FY26.

• North America Net Sales Growth: Up Low Single-Digits
• North America EBITDA Margin: ~35.0%
• Total Adjusted EBITDA Growth: Up Low Single-Digits
• Free Cash Flow: At least $500 million, Up +30%

The company remains committed to outperforming its end-markets, driven by its material conversion strategy and focus on delivering value for customers. Despite near-term market headwinds, the company expects to deliver organic sales and EBITDA growth in every region for FY26.