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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