EarningsQ4 2025 Earnings Report
MX:MNDIN Q4 2025 EPS Results
Actual EPS$2.90
Consensus EPS$4.88
Beat/MissMissed by -$1.98
One Year Ago EPS$6.73
MX:MNDIN Q4 2025 Revenue Results
Actual Revenue$81.96B
Expected Revenue$81.63B
Beat/MissBeat by +$326.24M
YoY Revenue Growth+6.02%
Earnings Announcement Details
QuarterQ4 2025
Date02/19/2026
TimeBefore Open
Conference CallThursday, February 19, 2026
MX:MNDIN Upcoming Earnings
Mondi plc's next earnings date is estimated for February 25, 2027, based on past reporting schedules.
Q4 2025 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q4 2025 Earnings Slide Deck
No slide deck is available for this earnings event.
Q4 2025 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call communicates a mixed but controlled picture: management emphasised a resilient operating performance (EUR 1.0bn underlying EBITDA), strong cash generation (EUR 1.072bn), disciplined CapEx and successful integration of Schumacher with upgraded synergies, supported by productivity gains and liquidity headroom. Offsetting these positives are persistent cyclical market weakness, significant margin pressure (notably in uncoated fine paper, pulp and recycled containerboard), a material rise in net debt to EUR 2.6 billion (2.6x leverage), and short‑term losses/optimization needs at newly commissioned assets (e.g., Duino). Management’s actions on cost, CapEx discipline and plant/footprint optimization signal a proactive response, but industry overcapacity and pricing dynamics remain meaningful near‑term risks.Company Guidance
Resilient Underlying EBITDA
Underlying EBITDA of approximately EUR 1.0 billion for FY2025, only marginally down from EUR 1,049 million in the prior year (≈4.7% decline), described by management as a resilient outcome in a prolonged cyclical downturn.
Strong Cash Generation
Cash generated from operations of EUR 1.072 billion (FY2025) and cash delivered of EUR 767 million for the year, supported by strong working capital management and operational focus.
Disciplined Capital Expenditure
FY2025 cash investment in property, plant and equipment of EUR 673 million, below earlier guidance (EUR 750–850 million). FY2026 cash CapEx guidance reduced to approximately EUR 550 million (previously guided ~EUR 650 million), with a base maintenance level around EUR 500 million.
Volume Growth in Key Segments
Containerboard volumes up around 15% year‑on‑year driven by export sales and ramp-up of expansion projects (Swiecie, Kuopio, Duino). Corrugated Solutions like‑for‑like volumes up ~2% (ex‑Schumacher). Paper bags (global) volumes grew ~5%.
Schumacher Acquisition and Synergies
Schumacher integration on track; expected cost synergies increased to EUR 32 million over three years (up from EUR 22 million originally), and the acquisition extends geographic reach and footprint optimization potential.
Operational Excellence and Productivity Gains
Multiyear operational excellence program initiated; converting operations delivered productivity improvements of ~4–5% in the last 12 months. Examples of efficiency and downtime reduction cited at flagship sites (e.g., Swiecie).
Cost discipline and structural actions
Group actions to reduce fixed costs included headcount reductions (~1,000 people over the prior 12 months) and a c.13% reduction in group services offices; three further plant closures announced (additional ~200 headcount) to improve cost structure and efficiencies.
Robust Liquidity and Balance Sheet Features
Available liquidity of around EUR 1.3 billion, no debt maturities until 2028, and maintained investment‑grade credit ratings. Board recommended ordinary dividend of EUR 0.2825 per share, returning to stated dividend cover policy (2–3x underlying earnings).
MX:MNDIN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed