Mondi reported a 29% plunge in full-year profit before tax, dropping to €269 million, and significantly cut its dividend from 70 euro cents to 28.25 euro cents per share. The packaging and paper giant cited margin pressure and a prolonged cyclical downturn as the primary drivers, despite modest revenue growth of 3% to €7.7 billion. Underlying EBITDA fell 5% to €1,001 million, reflecting the challenging trading environment and the impact of the Schumacher acquisition.

While cash generation from operations improved 11% to €1.072 billion, the board cited the need to return to the group's dividend cover policy, marking a stark reduction in shareholder returns. CEO Andrew King acknowledged the difficult conditions but emphasized the company's resilient integrated asset base and cost discipline as key strengths Geopolitical and macroeconomic uncertainties remain a significant headwind, with paper prices expected to remain under pressure in early 2026.