Smurfit Westrock announced its financial results for the fourth quarter and full year ended December 31, 2025.

“In 2025, we established a strong foundation for Smurfit Westrock. We exceeded our committed synergy target of $400 million and put in place a series of customer-centric, commercial, and operating initiatives,” said President and CEO Tony Smurfit. “We also reduced loss-making businesses and closed approximately 600,000 tons of high-cost or inefficient capacity as we continued to focus on portfolio optimization. During the year, we further reduced headcount by over 3,000, while continuing to invest significantly behind our customers, in our asset base and operating efficiency.”

Fourth Quarter Key Points

• Net Sales reached $7,580 million
• Net Income was $98 million, with a Net Income Margin of 1.3%
• Adjusted EBITDA was $1,172 million, with an Adjusted EBITDA Margin of 15.5%
• Net Cash Provided by Operating Activities reached $1,195 million
• Adjusted Free Cash Flow was $679 million

The North American region reflects the impact of additional downtime taken to actively manage working capital. As Smurfit Westrock continues to transition to a value-based selling approach, its businesses are achieving a better business mix, setting a strong platform for the future. 

For Smurfit Westrock’s consumer business, a strong and continued focus on efficiency, innovation, and asset optimization, with an experienced management team, positions this business for future performance.

In the EMEA and APAC regions, the integrated platform with strong market positions again delivered an outstanding performance. The LATAM region reflects the strength of its market positions and the benefits of growth projects already completed.