earnings
confidence high
sentiment positive
materiality 0.85
PMI FY2025 adjusted EPS $7.54, +14.8%; smoke-free revenues surge; 2026-2028 targets set
Philip Morris International Inc.
2025-FY EPS reported
$7.26
revenue$40,648,000,000
- Full-year adjusted diluted EPS of $7.54 grew 14.8% YoY, 14.2% currency-neutral.
- Smoke-free business net revenues exceeded $17B, up 15.0% (14.1% organic); gross profit +20.3%.
- SFB comprised 41.5% of total net revenues; IQOS holds ~76% of global heat-not-burn volume.
- Estimated adult smoke-free consumers reached 43M, up 4.5M vs Dec 2024; products in 106 markets.
- Japan IQOS HTU market share of total nicotine rose 2.0pp to 32.6% in Q4.
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