PMI recasts 2025-2024 financials under new segments: Intl Smoke-Free, Intl Combustibles, U.S.

Philip Morris International Inc.

Segments effective Jan 1, 2026: International Smoke-Free, International Combustibles, U.S.; replaces four geographic segments.
Total PMI 2025 shipment volume 786.5 bn units (+1.4% YoY); International Smoke-Free volume 165 bn (+11.6%).
U.S. smoke-free volume 14.2 bn (+28.2%); International Combustibles volume 607.4 bn (-1.5%).
2025 net revenue $40.6 bn (+7.3% reported, +6.1% currency-neutral); gross profit $27.3 bn (+14.6%).
Recast data does not alter previously reported consolidated results; only reclassifications within segments.

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