Sappi Income Statement

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

Millions USD. Fiscal year is Oct - Sep.

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