## Mondi plc Final Results Summary (2025)
**Key Highlights**
* **Resilient Performance** Mondi delivered a resilient full-year financial performance despite a prolonged cyclical downturn in the industry, achieving underlying EBITDA of €1,001 million.
* **Focus on Operational Excellence** The company intensified its focus on operational excellence and cost discipline, streamlining its organization and accelerating operational synergies.
* **Strategic Actions** Mondi took decisive actions to drive value, including plant closures, cost-out programs, and disciplined capital allocation.
* **Strong Positioning** The company is strongly positioned to capture upside as market conditions improve, leveraging its cost-advantaged assets, innovative solutions, and disciplined approach to capital allocation.
**Financial Performance**
* **Revenue** Increased by 3% to €7,663 million, driven by higher sales volumes and the contribution from the Schumacher acquisition.
* **Underlying EBITDA** Decreased by 5% to €1,001 million due to margin pressure from challenging trading conditions.
* **Profit Before Tax** Declined by 29% to €269 million, impacted by special items and lower underlying earnings.
* **Dividend** The Board recommended a total ordinary dividend of 28.25 euro cents per share, reflecting a return to the Groups stated dividend cover policy.
**Strategic Initiatives**
* **Operational Excellence** Accelerated programs to drive productivity and efficiency, resulting in improved performance across paper bag converting plants.
* **Plant Network Optimization** Closed three plants to improve efficiency and focus on growth potential.
* **Cost Control** Executed targeted cost-out initiatives, reducing headcount and streamlining overhead structures.
* **Capital Allocation** Prioritized maintenance capital expenditure and cost-optimization opportunities, while maintaining a robust financial position.
**Market Outlook**
* **Near-Term Challenges** Geopolitical and macroeconomic uncertainties continue to weigh on demand.
* **Structural Growth Drivers** Mondi remains confident in the long-term structural growth drivers for sustainable packaging, driven by eCommerce and the transition to circular solutions.
**Future Focus**
* **Sustainable Packaging** Mondi will continue to grow its sustainable packaging business across its two complementary business units, leveraging its cost-advantaged assets and market leadership.
* **Innovation** The company will continue to innovate and develop new sustainable packaging solutions to meet customer needs.
* **Disciplined Capital Allocation** Mondi will maintain its disciplined approach to capital allocation, focusing on value creation and long-term growth.
**Overall**
Mondis 2025 results demonstrate its resilience in a challenging market environment. The companys focus on operational excellence, cost discipline, and strategic actions position it well to navigate near-term headwinds and capitalize on future growth opportunities in the sustainable packaging market.
| Metric | 2024 (€ million) | 2025 (€ million) | Change (€ million) | Change (%) |
|---|---|---|---|---|
| Group Revenue | 7,416 | 7,663 | 247 | 3% |
| Underlying EBITDA | 1,049 | 1,001 | (48) | -5% |
| Profit Before Tax | 378 | 269 | (109) | -29% |
| Cash Generated from Operations | 970 | 1,072 | 102 | 11% |
| Net Debt | 1,732 | 2,599 | 867 | 50% |
| Net Debt to Underlying EBITDA (times) | 1.7 | 2.6 | 0.9 | 53% |