)
Visual
test
Sappi
Sappi (SAP) investor relations material
Sappi Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary4 Feb, 2026
Executive summary
Q1 FY2026 faced challenging market conditions, with profitability impacted by a $160/ton drop in DWP prices, adverse exchange rates, and weak demand in North America, resulting in adjusted EBITDA of $90 million, down from $203 million year-over-year.
Net loss for the period was $37 million, compared to a profit of $70 million in Q1 FY2025, with basic EPS at a loss of 6 US cents.
Group-wide cost-saving initiatives and energy refunds in Europe partially offset negative impacts.
Strategic focus remains on debt reduction, operational efficiency, and portfolio optimization.
Financial highlights
Adjusted EBITDA for Q1 FY2026 was $90 million, significantly lower year-over-year, mainly due to pricing declines across all segments, especially DWP.
Net debt stood at $1,951 million, with net debt to adjusted EBITDA ratio at 4.9x, within revised covenants.
CapEx guidance for FY2026 was reduced to $260 million, focusing solely on maintenance and regulatory needs.
Cash on hand was $143 million, and undrawn RCF was $608 million.
Adjusted EPS dropped to 14 US cents from 90 US cents year-over-year.
Outlook and guidance
Adjusted EBITDA for Q2 FY2026 is expected to be lower than Q1, with ongoing pricing challenges in DWP and continued cost-saving focus.
DWP demand remains robust, but pricing is under pressure due to seasonal slowdowns in China.
Capex for FY2026 further reduced to $260 million, focused on essential maintenance and regulatory activities.
Further negative plantation fair value adjustments are expected for the remainder of the year.
Macroeconomic and geopolitical headwinds are expected to persist, with continued focus on cost discipline and operational efficiency.
Explain the valuation gap for UPM JV assets?
What drives the increased leverage ratio?
Impact of ZAR/USD on SA DWP profitability?
What is the plan to reduce net debt below 5x?
What specific actions accelerate PM2 ramp-up?
How will cost savings mitigate SA business pressure?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- 6 FebCDP
2025 FFO/share rose 5.8% to $2.72, with strong leasing and investment; 2026 guidance signals more growth. - 6 FebPECO
2026 FFO per share growth guided at 5.5% with record occupancy and robust acquisitions. - 6 FebCRI
Q1 2025 saw record revenue, a return to profit, and major new contracts in space technology. - 6 FebCRINet loss widened to 7.5m PLN in H1 2024 as revenue fell and R&D costs remained high.
- 6 FebCRINet loss deepened on lower sales and higher costs, but major new contracts and restructuring are underway.
- 6 FebEMBASSY
Record revenue, NOI, and distributions highlight strong growth and robust segment performance. - 6 FebCRIRevenue fell and losses deepened, but ESA contracts and R&D projects drive future prospects.
- 6 FebNVDA
AI-driven digital twins and real-time simulation will transform engineering and manufacturing. - 6 FebTUPRS
Net income reached TRY 29.5 billion, with strong dividends and a robust net cash position. - 6 FebCPT
2025 results beat guidance; Sun Belt focus, asset sales, and share buybacks drive 2026 strategy.
Next Sappi earnings date
Q2 20267 May, 2026
Sappi
Next Sappi earnings date
Q2 20267 May, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Sappi Limited is a global leader proider materials derived from woodfiber-based renewable resources. The company stands out for its commitment to sustainable processes and innovation, aiming to foster a more circular economy. Sappi's diverse product portfolio includes dissolving pulp, graphic papers, packaging and specialty papers, casting and release papers, market pulp, biomaterials, and bio-energy. These products are in large part manufactured from woodfibre sourced from sustainably managed forests and plantations. The company is headquartered in Johannesburg, South Africa, and its shares are listed on the OTC Markets under the symbol SPPJY.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage