Wrap Text
Resilient full year performance; Strongly positioned to capture upside; Dividend declaration
Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34
LSE share code: MNDI JSE share code: MNP
ISIN: GB00BMWC6P49
19 February 2026
Resilient full year performance; Actions taken to drive value;
Strongly positioned to capture upside; Dividend declaration
Mondi, a global leader in the production of sustainable packaging and paper, today announces its results for the 12 months to
31 December 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."
Financial summary
Year ended Year ended
31 December 31 December Change
€ million, unless otherwise stated 2025 2024 %
Group revenue 7,663 7,416 3
Underlying EBITDA1 1,001 1,049 (5)
Forestry fair value gain 39 7
Underlying EBITDA excluding forestry fair value gain1 962 1,042 (8)
Underlying EBITDA margin1 13.1% 14.1%
Profit before tax 269 378 (29)
Basic underlying earnings per share (euro cents)1 56.5 82.7 (32)
Basic earnings per share (euro cents) 37.4 49.1 (24)
Basic headline earnings per share (euro cents) 48.1 60.8 (21)
Total ordinary dividend per share (euro cents) 28.25 70.00
Cash generated from operations 1,072 970 11
Net debt to underlying EBITDA (times)1 2.6 1.7
Return on capital employed (ROCE)1 6.7% 9.6%
1 The Group presents certain measures that are not defined or specified according to International Financial Reporting Standards (IFRS Accounting Standards).
These measures, referred to as Alternative Performance Measures (APMs), are defined at the end of the full announcement and where relevant, reconciled to the
relevant IFRS Accounting Standard measure in the notes to the condensed consolidated financial statements (see link to the full announcement below).
Dividends
An interim dividend for the year ended 31 December 2025 of 23.33 euro cents per ordinary share was paid on Friday
26 September 2025 to those shareholders on the register of Mondi plc on Friday 22 August 2025.
A proposed final dividend for the year ended 31 December 2025 of 4.92 euro cents per ordinary share will be paid on Thursday
7 May 2026 to those shareholders on the register of Mondi plc on Friday 27 March 2026.
The final ordinary dividend proposed has been recommended by the Board and is subject to shareholder approval at the Annual
General Meeting scheduled for Friday 24 April 2026.
2025 2024
euro cents euro cents
per share € million per share € million
Final ordinary dividend paid in respect of the prior year 46.67 202 46.67 209
Special dividend — — 160.00 769
Interim ordinary dividend paid in respect of the current year 23.33 103 23.33 103
Total ordinary and special dividends paid 305 1,081
Final ordinary dividend proposed to shareholders 4.92 22 46.67 206
On 13 February 2024, the Group returned the net proceeds from the sale of the Group's Russian assets to shareholders by way of
a special dividend of €1.60 per ordinary share.
Dividend timetable
The proposed final dividend for the year ended 31 December 2025 of 4.92 euro cents per share will be paid in accordance with
the following timetable:
Last date to trade shares cum-dividend
JSE Limited Tuesday 24 March 2026
London Stock Exchange Wednesday 25 March 2026
Shares commence trading ex-dividend
JSE Limited Wednesday 25 March 2026
London Stock Exchange Thursday 26 March 2026
Record date Friday 27 March 2026
Last date for receipt of Dividend Reinvestment Plan (DRIP) elections by Central Securities
Depository Participants Thursday 2 April 2026
Last date for DRIP elections to UK Registrar and South African Transfer Secretaries
South African Register Tuesday 7 April 2026
UK Register Thursday 16 April 2026
Annual General Meeting Friday 24 April 20262
Payment date Thursday 7 May 2026
DRIP purchase settlement date (subject to market conditions and the purchase of shares
in the open market)
UK Register Monday 11 May 2026
South African Register Wednesday 13 May 2026
DRIP results announcement Thursday 21 May 2026
Currency conversion date
ZAR/euro Thursday 19 February 2026
Euro/sterling Tuesday 21 April 2026
2 Results of the Annual General Meeting to be held are expected to be released on or around Friday 24 April 2026.
Share certificates on Mondi plc's South African register may not be dematerialised or rematerialised between Wednesday
25 March 2026 and Friday 27 March 2026, both dates inclusive, nor may transfers between the UK and South African registers of
Mondi plc take place between Wednesday 18 March 2026 and Friday 27 March 2026, both dates inclusive.
Information relating to the dividend tax to be withheld from Mondi plc shareholders on the South African branch register will be
announced separately, together with the ZAR/euro exchange rate to be applied, on or shortly after Thursday 19 February 2026.
The dividend will be paid from distributable reserves. For further information please see the full announcement (link below).
Short form announcement
This short form announcement is the responsibility of the directors. It is only a summary of the financial results for the full year
ended 31 December 2025 contained in the full financial results announcement (full announcement) and does not contain full or
complete details.
Any investment decision should be based on the full announcement accessible from Thursday 19 February 2026 via the JSE link
below and also available on our website at https://www.mondigroup.com/investors/results-reports-and-presentations.
The full announcement is derived from the Group annual financial statements which have been audited by
PricewaterhouseCoopers LLP. The unmodified audit report is available for inspection at the Group's registered office.
Copies of the full announcement may also be requested by email: ir@mondigroup.com
The JSE link is as follows: https://senspdf.jse.co.za/documents/2026/jse/isse/MNP/FY2025.pdf
Enquiries
Investors/analysts:
Fiona Lawrence +44 742 587 8683
Mondi Group: Head of Investor Relations
Media:
Kerry Cooper +44 7881 455 806
Mondi Group: Group Communication Director
Richard Mountain +44 790 968 4466
FTI Consulting
The person responsible for arranging the release of this announcement on behalf of Mondi plc is Jenny Hampshire, Company
Secretary.
Results presentation details
A webinar will be held today at 08:30 (GMT), 09:30 (CET), 10:30 (SAST).
Event registration link: https://storm-virtual-uk.zoom.us/webinar/register/WN_mGNmWdnpQVeTZgwz7wLvWQ
Once registered, you will receive a confirmation email from 'MONDI Group Events' with the webinar link and ID.
A replay will be available on our website within a couple hours after the end of the live results presentation at:
https://www.mondigroup.com/investors/results-reports-and-presentations/
For any queries, please email ir@mondigroup.com
Editors' notes
Mondi is a global leader in packaging and paper, contributing to a better world by producing products that are sustainable by
design. We employ 24,000 people in more than 30 countries and operate an integrated business with expertise spanning the
entire value chain, enabling us to offer our customers a broad range of innovative solutions for consumer and industrial end-use
applications. Sustainability is at the centre of our strategy, with our ambitious commitments to 2030 focused on circular driven
solutions, created by empowered people, taking action on climate.
In 2025, Mondi had revenues of €7.7 billion and underlying EBITDA of €1.0 billion. Mondi is listed on the London Stock Exchange
in the ESCC category (MNDI), where the Group is a FTSE100 constituent. It also has a secondary listing on the JSE Limited
(MNP).
mondigroup.com
Sponsor in South Africa: J.P. Morgan Equities South Africa (Pty) Ltd
Date: 19-02-2026 09:00:00
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