James Hardie Industries plc (ASX: JHX) has completed the redemption of its EUR 400 million senior notes. The James Hardie ASX announcement on 11 December 2025 confirmed the redemption occurred on 10 December 2025. The James Hardie senior notes redemption involved the Company’s 3.625% Senior Notes due 2026.
   
The leading provider of exterior home and outdoor living solutions executed this strategic financial move through its subsidiary. James Hardie International Finance Designated Activity Company facilitated the redemption. The ASX JHX update demonstrates the Company’s proactive approach to managing its debt obligations. This transaction strengthens James Hardie’s financial position ahead of the notes’ 2026 maturity date.
James Hardie Senior Notes Redemption Details
The James Hardie senior notes redemption covered EUR 400 million in aggregate principal amount. The notes carried an interest rate of 3.625% and were scheduled to mature in 2026. The redemption price equalled 100% of the principal amount. Additional payments included accrued and unpaid interest up to the redemption date.
The notes are identified by ISIN XS1888221428 and ISIN XS1888221261. The redemption payments were handled through the trust and agency services provided by Deutsche Bank. From 10 December 2025 onwards, the notes are no longer deemed outstanding. Interest ceased to accrue on the notes following the redemption date.
Financial Impact of James Hardie ASX Announcement
The ASX JHX update reflects James Hardie’s commitment to optimising its capital structure. The redemption eliminates EUR 400 million in senior debt obligations. This strategic move reduces the Company’s interest expense burden. The transaction supports James Hardie’s deleveraging objectives outlined in recent earnings presentations.
James Hardie reported strong financial performance in Q2 FY26. Net sales reached USD 1,292 million, up 34% year-over-year. Adjusted EBITDA totalled USD 330 million, representing a 25% increase. The Company maintains a robust financial profile to support ongoing operations and growth initiatives.
Q2 FY26 Performance Highlights
James Hardie delivered solid results for the second quarter of fiscal year 2026. The Company achieved Adjusted EBITDA of USD 330 million with a margin of 25.5%. Adjusted Diluted EPS reached USD 0.26 for the quarter. Year-to-date Free Cash Flow totalled USD 58 million.
Figure 3: James Hardie’s Q2 FY26 financial results.
During Q2 FY26, the Siding & Trim division delivered approximately USD 947 million in revenue. Adjusted EBITDA for this segment reached USD 241 million with a margin of 25.4%. The Deck, Rail & Accessories segment contributed USD 256 million in net sales. This segment achieved Adjusted EBITDA of USD 79 million with a margin of approximately 31%.
FY26 Financial Guidance
James Hardie has updated its FY26 financial guidance following strong performance. Consolidated Adjusted EBITDA guidance ranges from USD 1.20 billion to USD 1.25 billion. This represents an increase from the previous guidance of USD 1.05 billion to USD 1.15 billion. The Company expects Free Cash Flow of over USD 200 million.
Figure 4: Updated FY26 financial guidance.
Siding & Trim segment net sales guidance ranges from USD 2.925 billion to USD 2.995 billion. Adjusted EBITDA for this segment is projected between USD 920 million and USD 955 million. Forecasted revenue for the Deck, Rail & Accessories segment is projected to fall between USD 780 million and USD 800 million. Adjusted EBITDA guidance for this segment spans USD 215 million to USD 225 million.
Global Operations and Market Position
James Hardie operates as a leading provider of exterior home and outdoor living solutions globally. The Company’s portfolio includes fibre cement, fibre gypsum, and composite and PVC decking products. Trusted brands include Hardie, TimberTech, AZEK Exteriors, Versatex, fermacell and StruXure. Products are marketed throughout North America, Europe and the Asia-Pacific region.
Australia and New Zealand operations delivered net sales of USD 133 million in Q2 FY26. Adjusted EBITDA for this region reached USD 44 million with a margin of approximately 33%. European operations generated net sales of USD 138 million. Europe Adjusted EBITDA totalled USD 21 million with a margin of 15.3%.
Share Price Performance
James Hardie shares currently trade at USD 30.220 on the ASX. The Company’s market capitalisation stands at USD 16.49 billion. The 52-week trading range extends from USD 24.410 to USD 55.450 per share. The share price reflects investors’ assessment of the Company’s strategic initiatives and financial performance.
Figure 6: James Hardie (ASX:JHX) three-month share price performance
The ASX JHX update regarding the senior notes redemption demonstrates proactive financial management. James Hardie maintains investment-grade credit ratings.
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Frequently Asked Questions (FAQ)
Q1. What is James Hardie’s senior notes redemption announcement about?
James Hardie announced the redemption of EUR 400 million aggregate principal amount of 3.625% Senior Notes due 2026. The James Hardie senior notes redemption occurred on 10 December 2025. The redemption price equalled 100% of the principal amount plus accrued and unpaid interest. The James Hardie ASX announcement was made on 11 December 2025.
Q2. Which James Hardie subsidiary executed the redemption?
James Hardie International Finance Designated Activity Company executed the James Hardie senior notes redemption. This entity is a wholly-owned subsidiary of James Hardie Industries plc.
Q3. What were James Hardie’s Q2 FY26 financial results?
James Hardie reported Q2 FY26 net sales of USD 1,292 million, up 34% year-over-year. Adjusted EBITDA reached USD 330 million with a margin of 25.5%. Adjusted Diluted EPS totalled USD 0.26.
Q4. What is James Hardie’s current net leverage ratio?
James Hardie reported net debt of USD 4.49 billion as at 30 September 2025. The net leverage ratio stood at approximately 3.2 times.
