Full year results 2025

Andrew King, Mondi Group Chief Executive Officer, commented:

“Our industry continues to work through a prolonged cyclical downturn, yet we delivered a resilient full year financial performance, achieving underlying EBITDA of €1,001 million. This reflects the strength of our cost advantaged and integrated assets, our quality product offering, the commitment of our people and the targeted strategic actions taken to enhance our competitive advantage.

“We have intensified our focus on operational excellence and cost discipline. Bringing together Corrugated Packaging and Uncoated Fine Paper has streamlined our organisation and accelerated the delivery of operational synergies. Our cost-out programmes continue to deliver tangible results and the integration of Schumacher is capturing additional synergies. At the same time, we are proactively optimising our production footprint, including the recently announced closures of three plants across our paper bags and corrugated solutions network.

“We have also taken clear and disciplined decisions on capital allocation. Following a period of investment into our structurally growing markets, we are now prioritising maintenance capital expenditure and cost-optimisation opportunities. Furthermore, the Board is recommending to bring the dividend back in line with our cover policy. Combined with our robust financial position and proactive liquidity management, these actions put us on a strong footing for the year ahead and position us well for the future.

“Going into 2026, it remains unclear when geopolitical and macroeconomic conditions will improve. Paper prices are modestly lower, on average, than those seen in the final quarter of 2025. We are, however, confident in our ability to navigate these headwinds effectively through disciplined volume growth as we leverage our recent capacity expansions, strong margin management and cost optimisation.

“We remain confident in the structural growth drivers that underpin our packaging businesses and Mondi is strongly positioned to capture the upside as market conditions improve. Our innovative packaging and paper solutions, cost advantaged and integrated assets, and disciplined approach to capital allocation position the Group well to deliver long-term value for our shareholders.”