Wrap Text
Interim Results - Strengthening our competitive advantage through disciplined execution; Dividend declaration
Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34
ISIN: GB00BMWC6P49
LSE share code: MNDI
JSE share code: MNP
30 July 2026
Strengthening our competitive advantage through disciplined execution;
Dividend declaration
Mondi, a global leader in the production of sustainable packaging and paper, today announces results for the six
months ended 30 June 2026 ("first half" or "H1 2026").
Key points
• H1 2026 underlying EBITDA of €379 million, including a forestry fair value loss of €35 million (H1 2025:
€564 million including a fair value gain of €18 million)
– Margin pressure from higher input costs and lower average selling prices partially offset by higher sales
volumes and pricing actions
• Basic underlying earnings of 11.6 euro cents per share (H1 2025: 42.7 euro cents per share)
• Cash generated from operations of €347 million supported by a strong focus on working capital management
(H1 2025: €416 million)
• Disciplined capital allocation reduces expected full year 2026 capital expenditure to around €500 million
(previously €550 million)
• Good progress on converting plant network optimisation, with six plants closed or in process of closure
• Special items pre-tax charge of €320 million for impairments and restructuring, of which the expected cash
effect is €24 million
• An interim ordinary dividend of 9.42 euro cents per share has been declared (H1 2025: 23.33 euro cents per
share)
Andrew King, Mondi Group Chief Executive Officer, commented:
"During the first half of 2026, we made good progress in delivering actions to strengthen Mondi's performance, cash
generation and competitiveness, supported by the strength of our quality product offering, high service levels and the
agility and commitment of our people. We took strong pricing actions, maintained cost discipline, progressed our
plant network optimisation programme and continued to drive operational excellence across the business.
"Heightened geopolitical tensions in the Middle East caused supply chain disruptions and contributed to higher input
costs. Our teams acted quickly to protect operational continuity, support customers and implement price increases
across our packaging and paper products.
"Trading momentum improved through the first half and we enter the second half with higher packaging paper prices,
supported by good order books. We expect higher wood costs across Central and Eastern Europe and we continue
to manage volatile energy related input costs.
"As major expansionary investments are now largely complete, our focus is on disciplined commercial execution to
deliver growth, while relentlessly identifying and executing further opportunities to strengthen Mondi's cost
competitiveness. We remain confident in the structural growth drivers that underpin our sustainable packaging
businesses. Combined with our innovative packaging and paper solutions, our cost-advantaged, integrated assets
and our commitment to continuous improvement, Mondi is well positioned to deliver long-term value for
shareholders."
Financial Summary
Six months Six months
ended ended
€ million, except where noted 30 June 2026 30 June 2025 Change %
Group revenue 3,975 3,909 2
Underlying EBITDA1 379 564 (33)
Forestry fair value (loss)/gain (35) 18 (294)
Underlying EBITDA excluding forestry fair value (loss)/gain 414 546 (24)
Underlying EBITDA margin1 9.5% 14.4%
Underlying profit before tax1 80 272 (71)
(Loss)/Profit before tax (240) 247 (197)
Basic underlying earnings per share (euro cents)1 11.6 42.7 (73)
Basic earnings per share (euro cents) (57.8) 38.6 (250)
Basic headline earnings per share (euro cents) 1 5.4 37.2 (85)
Interim dividend per share (euro cents) 9.42 23.33 (60)
Cash generated from operations 347 416 (17)
Net debt to underlying EBITDA (times)1 3.2 2.5
Return on capital employed (ROCE)1 4.0% 8.4%
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
The interim dividend for the year ending 31 December 2026 of 9.42 euro cents per ordinary share will be paid on
Friday 25 September 2026 to those shareholders on the register of Mondi plc on Friday 21 August 2026. The
dividend will be paid from distributable reserves of Mondi plc, as presented in the annual financial statements for the
year ended 31 December 2025. The interim dividend is not recognised as a liability at 30 June 2026.
The interim dividend declared for the year ended 31 December 2025 of 23.33 euro cents per ordinary share was paid
in September 2025.
The interim dividend for the year ending 31 December 2026 will be paid in accordance with the following timetable:
Last date to trade shares cum-dividend
JSE Limited Tuesday 18 August 2026
London Stock Exchange Wednesday 19 August 2026
Shares commence trading ex-dividend
JSE Limited Wednesday 19 August 2026
London Stock Exchange Thursday 20 August 2026
Record date Friday 21 August 2026
Last date for receipt of Dividend Reinvestment Plan (DRIP) elections by
Central Securities Depository Participants Thursday 27 August 2026
Last date for DRIP elections to UK Registrar and South African Transfer
Secretaries
South African Register Friday 28 August 2026
UK Register Monday 7 September 2026
Payment Date Friday 25 September 2026
DRIP purchase settlement date (subject to market conditions and the
purchase of shares in the open market)
UK Register Tuesday 29 September 2026
South African Register Thursday 1 October 2026
DRIP results announcement Friday 9 October 2026
Currency conversion date
ZAR/euro Thursday 30 July 2026
Euro/sterling Wednesday 9 September 2026
Share certificates on Mondi plc's South African register may not be dematerialised or rematerialised between
Wednesday 19 August 2026 and Friday 21 August 2026, both dates inclusive, nor may transfers between the UK and
South African registers of Mondi plc take place between Wednesday 12 August 2026 and Friday 21 August 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 30 July 2026.
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 information contained
in the full announcement and does not contain full or complete details.
Any investment decision should be based on the full announcement accessible from Thursday 30 July 2026 via the
JSE link below and also available on our website at https://www.mondigroup.com/investors/results-reports-and-
presentations.
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/HY2026.pdf
Enquiries
Investors/analysts:
Fiona Lawrence +44 742 587 8683
Mondi Group: Head of Investor Relations
Media:
Kerry Cooper +44 788 145 5806
Mondi Group: Group Communication Director
Richard Mountain +44 790 968 4466
FTI Consulting
Results presentation details
A webinar will be held today at 08:30 (BST), 09:30 (CET/SAST).
Event registration link: https://storm-virtual-uk.zoom.us/webinar/register/WN_FqPuJFuPQK2QFrhu4IwIuA
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 of hours after the end of the live results presentation at:
https://www.mondigroup.com/investors/results-reports-and-presentations/
For any queries, please e-mail 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). 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: 30-07-2026 08:00:00
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