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Philip Morris (TABAK) investor relations material
Philip Morris H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net revenues rose 2.9% year-over-year to CZK 10.7 billion, driven by favorable pricing and growth in smoke-free products, partially offset by lower combustible volumes.
Net income declined 13.3% to CZK 1.6 billion, reflecting lower volumes, increased investments, and regulatory headwinds.
The company continues to expand its smoke-free portfolio and invest in long-term competitiveness, despite short-term margin pressure.
Major product launches and portfolio optimizations occurred in both the Czech Republic and Slovakia, including new nicotine pouches and e-cigarettes.
Financial highlights
Revenues (net of excise tax and VAT): CZK 10.7 billion (+2.9% YoY).
Profit from operations: CZK 1.9 billion (-12.6% YoY).
Net income: CZK 1.6 billion (-13.3% YoY).
Earnings per share: CZK 584 (vs. CZK 674 in H1 2024).
Cash and cash equivalents increased to CZK 9.7 billion from CZK 9.2 billion at year-end 2024.
Outlook and guidance
Ongoing investments in brand and portfolio are expected to support long-term recovery and value creation.
Anticipates continued market contraction in combustibles and regulatory challenges, but expects growth in smoke-free categories.
Czech GDP growth forecasted at 2.6% for 2025, with stable inflation; Slovakia expects modest growth and easing inflation.
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- VSH
Q4 2025 revenue up 12% YoY to $800.9M, with strong orders and growth outlook for Q1 2026. - 6752
Profit and sales fell on restructuring, but adjusted OP rose on strong Connect, Industry, and Energy. - CTSH
Revenue and EPS grew 7% and 11% in 2025, with strong 2026 growth outlook. - CTVA
2025 saw record EBITDA and cash flow, with 2026 set for further growth and separation benefits. - SAP
Earnings and profitability declined sharply amid weak markets, cost pressures, and higher leverage. - EFX
2026 guidance targets 10.6% revenue growth, 11% EPS growth, and over $1B free cash flow. - BDN
2026 targets FFO growth, higher occupancy, major asset sales, and further deleveraging. - GEHC
Strong 2025 results, record backlog, and 2026 growth guided at 3%-4% with margin expansion. - SANB4
Q4 2025 net profit was BRL 4.1B, ROE 17.6%, with strong digital and SME-driven growth. - SNP
Q4 2025 delivered robust Clean CCS and cash flow, but net income was hit by E&P impairments.
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