1<\/sup>.<\/p>\n\nJan Jenisch, Chairman and CEO: “We delivered strong revenue growth of 8.6% in the second quarter driven by increased mega-project demand from data centers and energy to advanced manufacturing plants and infrastructure modernization. With the strength of our network and strategic footprint in the most attractive markets, we were able to achieve industry-leading organic growth of 6.7%.<\/p>\n
\nWe also grew Net Income by 14.4% and Adjusted EBITDA by 5.8% with strong customer demand, continued aggregates pricing growth and ASPIRE savings. Oil price driven cost inflation drove higher freight, diesel and raw materials costs, which we are proactively managing with pricing, fuel surcharges and ASPIRE.<\/p>\n
\nIn our Building Materials business, we had a strong quarter with above-market volume growth, premium cement pricing and leading aggregates pricing growth. Our Building Envelope business achieved above-market sales momentum, driven by a strong pipeline of large-scale commercial projects and growth in residential roofing. Segment pricing improved sequentially as increases phased in throughout the quarter.<\/p>\n
\nWe continue to invest for profitable growth with Capex and M&A. We invested $241 million in Capex in the quarter as we expand production and improve efficiency to best serve customers. We had excellent contributions from PB Materials, our recently acquired aggregates business in West Texas, and in July, we acquired Rapid Redi-Mix, bringing significant synergies with our cement and aggregates network in Texas.<\/p>\n
\nLooking to the back half of the year, we expect continued strong pricing for cement and aggregates. Additionally, we expect roofing price over cost to improve as the year progresses. Our ASPIRE program is building momentum and on track to deliver savings through the year. We expect strong demand and pricing to increase full year revenue, while oil price driven cost inflation will be a headwind to earnings.<\/p>\n
\nWe remain well positioned to capitalize on growing demand while strengthening operational efficiency to deliver long term, profitable growth. I thank our over 19,000 empowered Amrize teammates for a strong quarter as we deliver for our customers as the partner of choice.”<\/p>\n
Shareholder Return<\/b><\/p>\n
\nAmrize returned $502 million to shareholders in the second quarter. The company launched its $1 billion share buyback program and repurchased $197 million2<\/sup> worth of Amrize shares in the second quarter.<\/p>\n\nAmrize paid $305 million3<\/sup> of dividends including the special dividend for 2025 of $0.44 per share on May 4, 2026, and the first quarter dividend of $0.11 per share on May 20, 2026.<\/p>\n\nThe Amrize Board of Directors declared a dividend of $0.11 per share for the second quarter to be paid on August 26, 2026. The last trading day with entitlement to receive the quarterly dividend, known as the cum-dividend date, is August 17, 2026. The shares will be traded ex-dividend on August 18, 2026, which is also the record date. Dividends are paid out of capital contribution reserves4<\/sup> and are not subject to Swiss withholding tax.<\/p>\n\n\n| ____________________<\/td>\n<\/tr>\n |
\n| \n 1<\/sup><\/p>\n<\/td>\n| \n \nPrior period financial information includes revisions that were not material to any previously issued consolidated financial statements. See additional information in ‘Revision of Prior Period Financial Statements’ and Exhibit 99.3 to the Company’s Current Report on Form 8-K filed on August 6, 2026.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 2<\/sup><\/p>\n<\/td>\n| \n \nShare repurchases executed in the second quarter of 2026 include withholding taxes that will be paid in the third quarter of 2026.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 3<\/sup><\/p>\n<\/td>\n| \n \nIncludes $1 million accrued for dividends on unvested share-based compensation to be paid upon vesting.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 4<\/sup><\/p>\n<\/td>\n| \n \nDividends will be made in the form of distributions paid out of legal reserves from capital contributions and are not subject to Swiss withholding tax. The dividend is the second installment of the annual dividend of up to $0.44 per share approved at the Company’s 2026 Annual General Meeting.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n Full Year 2026 Financial Guidance5<\/sup><\/b><\/p>\n\nAmrize is updating its FY 2026 financial guidance reflecting increased demand and oil price driven cost inflation.<\/p>\n \nBuilding Materials had a good first half of the year with strong revenue growth and 8.4% growth in Adjusted EBITDA. For the full year, we continue to expect volume growth in cement and aggregates. The company now expects cement pricing to be flat or up low single digits, and continues to expect aggregates pricing to be up mid-single digits on a freight adjusted basis.<\/p>\n \nBuilding Envelope improved revenue and operational performance as the first half of the year progressed. The company continues to expect low-single digit growth in commercial roofing volumes and now expects high single digit volume growth in residential roofing for the full year. Price increases are phasing in across the Building Envelope portfolio and we expect second half price-cost to improve compared to the first half of the year.<\/p>\n \nAmrize is making good progress with its ASPIRE program and expects to achieve $80 million of savings in 2026. Across both businesses, additional price increases are expected to be realized in the second half of the year. The timing difference between price realization and oil price driven cost inflation is expected to affect Full Year company earnings.<\/p>\n \nBased on these drivers, Amrize is updating its 2026 financial guidance as follows:<\/p>\n \n\n| \n Revenues<\/b><\/p>\n<\/td>\n | \n \n$12.5 billion to $12.7 billion<\/p>\n<\/td>\n<\/tr>\n | \n| \n Adjusted EBITDA<\/b><\/p>\n<\/td>\n | \n \n$3.1 billion to $3.2 billion<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \nThe company’s 2026 financial guidance now includes the following underlying assumptions:<\/p>\n \n\n| \n Capital Expenditures<\/b><\/p>\n<\/td>\n | \n \n~$900 million<\/p>\n<\/td>\n<\/tr>\n | \n| \n Interest Expense, Net<\/b><\/p>\n<\/td>\n | \n \n~$340 million<\/p>\n<\/td>\n<\/tr>\n | \n| \n Adjusted Effective Tax Rate<\/b><\/p>\n<\/td>\n | \n \n23% – 25%<\/p>\n<\/td>\n<\/tr>\n | \n| \n Corporate Costs<\/b><\/p>\n<\/td>\n | \n \n~$200 million<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\n| ____________________<\/td>\n<\/tr>\n | \n| \n 5<\/sup><\/p>\n<\/td>\n| \n \nAmrize (Company) provides forward-looking guidance regarding Adjusted EBITDA. The Company cannot, without unreasonable effort, forecast certain adjusted items excluded from comparable U.S. GAAP financial measures. These items include Acquisition and integration-related costs, Litigation-related costs, Loss on impairments, Restructuring and other costs, Spin-off and separation-related costs, Other non-operating (expense) income, net, and Income from equity method investments, that are difficult to predict in advance to include in a U.S. GAAP estimate. For the same reasons, the Company is unable to address the probable significance of the items.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n Amrize Consolidated Results (Unaudited)<\/b><\/p>\n\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n For the three months<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n For the six months<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n ended June 30,<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n ended June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n $ in millions, except per share data<\/i><\/p>\n<\/td>\n | \n 2026<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 20256<\/sup><\/b><\/p>\n<\/td>\n| \n %<\/b><\/p>\n Change<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 20266<\/sup><\/b><\/p>\n<\/td>\n| \n \n\u00a0<\/p>\n<\/td>\n | \n 20256<\/sup><\/b><\/p>\n<\/td>\n| \n %<\/b><\/p>\n Change<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nRevenues<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n3,494<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n3,218<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n8.6%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n5,675<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n5,307<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n6.9%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet income<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n476<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n416<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n+14.4%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n369<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n322<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n+14.6%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNet income margin<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n13.6<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n12.9<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | \n \n+70bps<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n6.5<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n6.1<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | \n \n+40bps<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAdjusted EBITDA7<\/sup><\/p>\n<\/td>\n| \n \n$<\/p>\n<\/td>\n | \n \n986<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n932<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n+5.8%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n1,178<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n1,157<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n+1.8%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAdjusted EBITDA margin8<\/sup><\/p>\n<\/td>\n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n28.2<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n29.0<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | \n \n(80bps)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n20.8<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n21.8<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | \n \n(100bps)<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nDiluted earnings per share (EPS)<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n0.86<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n0.75<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n+14.7%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n0.67<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n0.58<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n+15.5%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAdjusted diluted earnings per share9<\/sup><\/p>\n<\/td>\n| \n \n$<\/p>\n<\/td>\n | \n \n0.88<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n0.81<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n+8.6%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n0.74<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n0.66<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n+12.1%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \nRevenues were $3,494 million in the second quarter of 2026 compared to $3,218 million in 2025. Revenues were 8.6% higher in the quarter, which was primarily driven by strong volume growth of $200 million and contributions from acquisitions of $54 million from the Building Materials segment, aggregates price increases of $16 million and a $6 million favorable impact from foreign exchange.<\/p>\n \nNet income was $476 million for the second quarter of 2026, or $0.86 per diluted share, compared with Net income of $416 million, or $0.75 per diluted share, in the second quarter of 2025. Adjusted diluted earnings per share for the second quarter of 2026 was $0.88 compared to $0.81 in the second quarter of 2025.<\/p>\n \nAdjusted EBITDA was $986 million for the second quarter of 2026 compared to $932 million in 2025. The increase was driven by higher volumes, aggregates price increases, ASPIRE savings, partially offset by higher freight, diesel and raw materials costs, as well as lower insurance proceeds compared to the prior period. Adjusted EBITDA Margin was 28.2% for the three months ended June 30, 2026, compared to 29.0% for the three months ended June 30, 2025.<\/p>\n \nUnallocated corporate costs in the second quarter of 2026 were $44 million compared to $72 million in the second quarter of 2025 and $56 million in the first quarter of 2026.<\/p>\n \nThe company invested $241 million and $511 million in capital expenditures, net for the three and six months ended June 30, 2026, respectively, and expects to invest approximately $900 million in 2026 to expand production, increase operational efficiency and best serve customers.<\/p>\n \n\n| ____________________<\/td>\n<\/tr>\n | \n| \n 6<\/sup><\/p>\n<\/td>\n| \n \nPrior period financial information includes revisions that were not material to any previously issued consolidated financial statements. See additional information in ‘Revision of Prior Period Financial Statements’ and Exhibit 99.3 to the Company’s Current Report on Form 8-K filed on August 6, 2026.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 7<\/sup><\/p>\n<\/td>\n| \n \nAdjusted EBITDA represents a Non-GAAP measure, which is defined on page 9 and reconciled on pages 13-15 of the PDF version.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 8<\/sup><\/p>\n<\/td>\n| \n \nAdjusted EBITDA Margin represents a Non-GAAP measure, which is defined on page 9 and reconciled on pages 13-15 of the PDF version.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 9<\/sup><\/p>\n<\/td>\n| \n \nAdjusted diluted earnings per share represents a Non-GAAP measure, which is defined on page 9 and reconciled on pages 13-15 of the PDF version.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n Amrize Building Materials Results (Unaudited)<\/b><\/p>\n\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n For the three months<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n For the six months<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n ended June 30,<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n ended June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n $ in millions<\/i><\/p>\n<\/td>\n | \n 2026<\/b><\/p>\n<\/td>\n | \n 202510<\/sup><\/b><\/p>\n<\/td>\n| \n % Change<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 202610<\/sup><\/b><\/p>\n<\/td>\n| \n 202510<\/sup><\/b><\/p>\n<\/td>\n| \n % Change<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nRevenues<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n2,445<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n2,259<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n8.2<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n3,948<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n3,600<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n9.7<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nSegment Adjusted EBITDA11<\/sup><\/p>\n<\/td>\n| \n \n$<\/p>\n<\/td>\n | \n \n793<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n754<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n5.2<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n960<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n886<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n8.4<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nSegment Adjusted EBITDA margin12<\/sup><\/p>\n<\/td>\n| \n \n\u00a0<\/p>\n<\/td>\n | \n \n32.4<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n33.4<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | \n \n(100bps)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n24.3<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n24.6<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | \n \n(30bps)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\n| \n Volumes<\/b><\/p>\n<\/td>\n | \n For the three months<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n For the six months<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n ended June 30,<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n ended June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n in millions<\/i><\/p>\n<\/td>\n | \n 2026<\/b><\/p>\n<\/td>\n | \n 2025<\/b><\/p>\n<\/td>\n | \n % Change<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 2026<\/b><\/p>\n<\/td>\n | \n 2025<\/b><\/p>\n<\/td>\n | \n % Change<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nCement – tons sold13<\/sup><\/p>\n<\/td>\n| \n \n6.3<\/p>\n<\/td>\n | \n \n6.0<\/p>\n<\/td>\n | \n \n5.0<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n10.5<\/p>\n<\/td>\n | \n \n9.6<\/p>\n<\/td>\n | \n \n9.4<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAggregates – tons sold<\/p>\n<\/td>\n | \n \n34.3<\/p>\n<\/td>\n | \n \n32.2<\/p>\n<\/td>\n | \n \n6.5<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n52.2<\/p>\n<\/td>\n | \n \n47.9<\/p>\n<\/td>\n | \n \n9.0<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\n| \n Average Selling Price<\/b><\/p>\n<\/td>\n | \n For the three months ended June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n $ per ton<\/i><\/p>\n<\/td>\n | \n 2026<\/b><\/p>\n<\/td>\n | \n 2025<\/b><\/p>\n<\/td>\n | \n % Change<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n Constant<\/b><\/p>\n Currency14<\/sup><\/b><\/p>\n<\/td>\n| \n % Change Constant<\/b><\/p>\n Currency<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nCement – price per ton13<\/sup><\/p>\n<\/td>\n| \n \n$<\/p>\n<\/td>\n | \n \n171.43<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n171.52<\/p>\n<\/td>\n | \n \n(0.1<\/p>\n<\/td>\n | \n \n%)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n171.19<\/p>\n<\/td>\n | \n \n(0.2<\/p>\n<\/td>\n | \n \n%)<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAggregates – price per ton15<\/sup><\/p>\n<\/td>\n| \n \n$<\/p>\n<\/td>\n | \n \n14.67<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n14.05<\/p>\n<\/td>\n | \n \n4.4<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n14.61<\/p>\n<\/td>\n | \n \n4.0<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\n| \n Average Selling Price<\/b><\/p>\n<\/td>\n | \n For the six months ended June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n $ per ton<\/i><\/p>\n<\/td>\n | \n 2026<\/b><\/p>\n<\/td>\n | \n 2025<\/b><\/p>\n<\/td>\n | \n % Change<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n Constant<\/b><\/p>\n Currency14<\/sup><\/b><\/p>\n<\/td>\n| \n % Change Constant<\/b><\/p>\n Currency<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \nCement – price per ton13<\/sup><\/p>\n<\/td>\n| \n \n$<\/p>\n<\/td>\n | \n \n170.39<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n171.56<\/p>\n<\/td>\n | \n \n(0.7<\/p>\n<\/td>\n | \n \n%)<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n169.78<\/p>\n<\/td>\n | \n \n(1.0<\/p>\n<\/td>\n | \n \n%)<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nAggregates – price per ton15<\/sup><\/p>\n<\/td>\n| \n \n$<\/p>\n<\/td>\n | \n \n14.96<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n14.41<\/p>\n<\/td>\n | \n \n3.8<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n \n$<\/p>\n<\/td>\n | \n \n14.85<\/p>\n<\/td>\n | \n \n3.1<\/p>\n<\/td>\n | \n \n%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \nBuilding Materials Revenues were $2,445 million in the second quarter of 2026 compared to $2,259 million in 2025. Revenue growth of 8.2% in the second quarter of 2026 was driven by volume growth, contributions from acquisitions, and aggregates price increases.<\/p>\n \nCement volumes were up 5.0%. Supplementary Cementitious Materials volumes were up double digits. Pricing was down 0.2% on a constant currency basis and improved 2.1% compared to Q1 2026 as increases were realized. Aggregates volumes were up 6.5% and pricing grew 4.0% on a constant currency, freight adjusted basis, broadly supported throughout our geographies.<\/p>\n \nSecond quarter 2026 Segment Adjusted EBITDA for the Building Materials segment was up 5.2% to $793 million, compared to $754 million in 2025. The increase was mainly attributable to volume growth, aggregates price increases, contributions from acquisitions, and ASPIRE savings, partially offset by higher freight and diesel costs and higher insurance proceeds in the prior year related to insurable events in 2024.<\/p>\n \n\n| ____________________<\/td>\n<\/tr>\n | \n| \n 10<\/sup><\/p>\n<\/td>\n| \n \nPrior period financial information includes revisions that were not material to any previously issued consolidated financial statements. See additional information in ‘Revision of Prior Period Financial Statements’ and Exhibit 99.3 to the Company’s Current Report on Form 8-K filed on August 6, 2026.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 11<\/sup><\/p>\n<\/td>\n| \n \nSegment Adjusted EBITDA represents a Non-GAAP measure, which is defined on page 9 and reconciled on pages 13-15 of the PDF version.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 12<\/sup><\/p>\n<\/td>\n| \n \nSegment Adjusted EBITDA Margin represents a Non-GAAP measure, which is defined on page 9 and reconciled on pages 13-15 of the PDF version.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 13<\/sup><\/p>\n<\/td>\n| \n \nCement volume and pricing figures presented above exclude trading.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 14<\/sup><\/p>\n<\/td>\n| \n \nConstant Currency is a non-GAAP financial measure, which is defined on page 9 of the PDF version.<\/p>\n<\/td>\n<\/tr>\n | \n| \n 15<\/sup><\/p>\n<\/td>\n| \n \nAggregates pricing figures presented above are freight adjusted, excluding freight revenues.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n Amrize Building Envelope Results (Unaudited)<\/b><\/p>\n\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n For the three months<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n For the six months<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0<\/p>\n<\/td>\n | \n ended June 30,<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n ended June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n $ in millions<\/i><\/p>\n<\/td>\n | \n 2026<\/b><\/p>\n<\/td>\n | \n 202516<\/sup><\/b><\/p>\n<\/td>\n| \n % Change<\/b><\/p>\n<\/td>\n | \n \n\u00a0<\/p>\n<\/td>\n | \n 202616<\/sup><\/b><\/p>\n<\/td>\n| \n 202516<\/sup><\/b><\/p>\n<\/td>\n| \n % Change<\/b><\/p>\n<\/td>\n<\/tr>\n | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |