Mondi plc (MONDY) Q4 2025 Earnings Call Transcript

SA Transcripts158.48K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Mondi plc (MONDY) Q4 2025 Earnings Call February 19, 2026 3:30 AM EST Company Participants Andrew King - Group CEO & Executive DirectorMichael Powell - Group CFO & Executive Director Conference Call Participants Reinhardt van der Walt - BofA Securities, Research DivisionDetlef Winckelmann - JPMorgan Chase & Co, Research DivisionLars Kjellberg - Stifel, Nicolaus & Company, Incorporated, Research DivisionCole Hathorn - Jefferies LLC, Research DivisionAndrew Jones - UBS Investment Bank, Research Division Presentation Operator Welcome to the Mondi Full Year Results 2025. [Operator Instructions] I'm now going to hand you over to Andrew King. Andrew, please go ahead. Andrew KingGroup CEO & Executive Director Good morning, everyone, and welcome to Mondi's 2025 Full Year Results Presentation. I'm Andrew King, your Group CEO, and I'm joined this morning by our CFO, Mike Powell. As usual, I'll begin with some highlights for the year. Mike will then take you through the financial performance in more detail. I will then return to provide an update on our business units, discussing at the same time the current trading environment and then take you through why we believe Mondi is strongly positioned to capture the upside as markets improve. After that, Mike and I look forward to taking your questions. So as you'll see on the first slide, in terms of our full year performance, I believe we did deliver a resilient outcome, EUR 1 billion of underlying EBITDA, marginally down on the prior year. Pleasingly, cash generated from operations of EUR 1.07 billion was up on the prior year. As Mike will explain in more detail, we were also able to reduce CapEx below previously guided levels, which further supported our cash flow and balance sheet. As I mentioned, this is a resilient performance in the context of what remain challenging market