| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 853.16 | 13.8% | 8.1% |
| Total Income | 853.16 | 13.8% | 8.1% |
| Expenditure | 771.21 | 13.1% | 6.4% |
| PBT | — | ||
| Net Profit | 33.25 | 2.7% | 44.3% |
| OPM | 9.61% | 0.58pp | 1.61pp |
| NPM | 3.90% | 0.66pp | 2.53pp |
| EPS | 1.33 | 2.2% | 44.4% |
Universal Corporation Reports Q3 2026 Results
04 May 2026 · 4 May, 1:20 am
Summary
Universal Corporation reported a decrease in revenue and operating income for the third quarter and nine months ended December 31, 2025. Revenue for the quarter decreased by 8% to $861.3 million, and operating income decreased by 21% to $82.0 million. For the nine months, revenue was down 2% to $2,209.2 million, and operating income decreased by 3% to $183.4 million. The Ingredients Operations segment experienced revenue growth of 7% for the nine-month period. The company also refinanced and upsized its revolving credit facility and increased its renewable electricity consumption.
Key Highlights
- 1
Universal Corporation's revenue decreased by 8% to $861.3 million for the third quarter ended December 31, 2025.
- 2
The company's operating income decreased by 21% to $82.0 million for the quarter.
- 3
For the nine months ended December 31, 2025, revenue was down 2% to $2,209.2 million.
- 4
Operating income for the nine months decreased by 3% to $183.4 million.
- 5
The Ingredients Operations segment saw a 7% increase in revenue for the nine months ended December 31, 2025.
- 6
Universal Corporation refinanced and upsized its revolving credit facility by $250 million in December 2025, extending the maturity to December 2030.
- 7
The company's renewable electricity consumption increased nearly sixfold year over year, with 17.7% of global electricity sourced from renewable energy in fiscal year 2025.
Management Comments
Preston D. Wigner
We are pleased with Universal's solid performance in the quarter and nine months ended December 31, 2025. Our tobacco operations continued to deliver strong results, with firm customer demand for most tobacco styles and shipments progressing smoothly. As market dynamics evolve toward oversupply, our long track record in sourcing and local expertise in our operating regions position us well to navigate the environment effectively and optimize results under a range of conditions. In our Universal Ingredients business, we maintained revenue growth for the year to date period in the face of challenging market conditions with softer customer demand and tariff impacts. Results for the quarter reflected market headwinds and higher fixed costs from the significant investments we have made. We remain focused on converting customer interest into sales and advancing the growth of our solutions-based portfolio. We enhanced our liquidity and financial flexibility with the refinancing and upsizing of our credit facility in December 2025. This successful transaction, with strong support from our -- M O R E --bank group, positions us well to advance our strategic priorities. We also recently published our Fiscal Year 2025 Sustainability Report, which highlights continued progress in areas that support the long-term resilience of our business. The significant increase in renewable electricity use we reported reflects the practical steps we are taking across our operations as we work toward our net-zero goal, while continuing to support farmers and strengthen our global supply chain.
Steven S. Diel
I am honored to become the CFO of Universal and look forward to building on the strength of our finance organization and supporting the continued execution of our strategy. I have seen firsthand the talent, discipline, and commitment that power Universal’s global finance teams and drive results across our business. I look forward to partnering with Preston, executive management, the Board, and our finance teams around the world to advance our momentum as a global agriproducts leader.
Johan C. Kroner
I deeply appreciate Johan’s continued support during his tenure and wish him all the best in his well-deserved retirement.
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