Philip Morris Holds Annual Meeting; 2025 Net Revenue Over $40B
Philip Morris International (PMI) held its 2026 Annual Meeting of Shareholders, where Group CEO Jacek Olczak highlighted the company's strong performance. Olczak reported that PMI's annual net revenues surpassed $40 billion in 2025, with nearly $17 billion from its smoke-free business, and noted a robust start to 2026. The company aims for best-in-class growth from 2026-2028 and reiterated its commitment to shareholder returns. Shareholders elected 10 director nominees, approved executive compensation, and ratified PricewaterhouseCoopers SA as independent auditors.
Key Highlights
- Philip Morris International held its 2026 Annual Meeting of Shareholders.
- 2025 annual net revenues surpassed $40 billion.
- 2025 smoke-free business net revenues were close to $17 billion.
- Smoke-free business accounted for 43% of Q1 2026 total net revenues.
- Company delivered its fifth consecutive year of volume growth in 2025.
- Shareholders elected 10 director nominees and approved executive compensation.
- PricewaterhouseCoopers SA was ratified as independent auditors.
- Approximately 81% of shares entitled to vote were represented at the meeting.
Price Impact
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