Sappi Income Statement

Financials in millions USD. Fiscal year is October - September.

Millions USD. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Sep '24 Sep 29, 2024	Oct '23 Oct 1, 2023	Oct '22 Oct 2, 2022	Sep '21 Sep 26, 2021
Revenue	5,344	5,420	5,458	5,809	7,296	5,265
Revenue Growth (YoY)	-3.69%	-0.70%	-6.04%	-20.38%	38.57%	14.23%
Cost of Revenue	4,964	4,905	4,683	5,025	5,888	4,703
Gross Profit	380	515	775	784	1,408	562
Selling, General & Admin	365	370	407	373	413	381
Other Operating Expenses	88	86	215	-74	224	5
Operating Expenses	453	456	622	299	637	386
Operating Income	-73	59	153	485	771	176
Interest Expense	-115	-109	-100	-99	-105	-107
Interest & Investment Income	14	15	28	48	10	8
Earnings From Equity Investments	-8	-8	-	-3	1	3
Currency Exchange Gain (Loss)	8	8	9	10	1	1
Other Non Operating Income (Expenses)	-	-	-	-	-	-31
EBT Excluding Unusual Items	-174	-35	90	441	678	50
Merger & Restructuring Charges	-	-	-	-	-	-2
Gain (Loss) on Sale of Investments	-	-	-	-	3	-4
Asset Writedown	-55	-48	25	-110	-38	-32
Pretax Income	-229	-83	115	331	673	12
Income Tax Expense	55	94	82	72	137	-1
Net Income	-284	-177	33	259	536	13
Net Income to Common	-284	-177	33	259	536	13
Net Income Growth	-	-	-87.26%	-51.68%	4023.08%	-
Shares Outstanding (Basic)	605	604	582	564	563	550
Shares Outstanding (Diluted)	605	608	588	605	601	553
Shares Change (YoY)	0.76%	3.35%	-2.71%	0.58%	8.80%	0.88%
EPS (Basic)	-0.47	-0.29	0.06	0.46	0.95	0.02
EPS (Diluted)	-0.47	-0.29	0.06	0.44	0.90	0.02
EPS Growth	-	-	-87.02%	-51.48%	4400.08%	-
Free Cash Flow	-221	-323	-250	308	514	33
Free Cash Flow Per Share	-0.36	-0.53	-0.42	0.51	0.85	0.06
Dividend Per Share	-	-	0.140	0.150	0.150	-
Dividend Growth	-	-	-6.67%	-	-	-
Gross Margin	7.11%	9.50%	14.20%	13.50%	19.30%	10.67%
Operating Margin	-1.37%	1.09%	2.80%	8.35%	10.57%	3.34%
Profit Margin	-5.31%	-3.27%	0.60%	4.46%	7.35%	0.25%
Free Cash Flow Margin	-4.13%	-5.96%	-4.58%	5.30%	7.04%	0.63%
EBITDA	214	334	406	758	1,045	475
EBITDA Margin	4.00%	6.16%	7.44%	13.05%	14.32%	9.02%
D&A For EBITDA	287	275	253	273	274	299
EBIT	-73	59	153	485	771	176
EBIT Margin	-1.37%	1.09%	2.80%	8.35%	10.57%	3.34%
Effective Tax Rate	-	-	71.30%	21.75%	20.36%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.