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Latest financial results
Discover Sappi’s latest financial results, highlighting our performance, strategic resilience, and response to global market challenges.
Adjusted EBITDA
Q1 FY25: US$203 million
Loss for the period
Q1 FY25: US$70 million profit
Adjusted EPS
Q1 FY25: 14 US¢ profit
Net debt
Q1 FY25: US$1,406 million
2025 Annual Integrated Report
Sappi’s 2025 Annual Integrated Report provides an overview of how we create value through our purpose, vision and strategy. This report reflects on key opportunities and risks in our markets, our performance against financial and non-financial objectives, and our goals and focus areas for the year ahead.
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Investor calendar
There’s more to this than simply keeping you ‘in the know’. It’s about a dynamic process of communicating with the people at the heart of current and future successes. These are some of the key forthcoming dates for investors’ diaries.
Q2 FY26 financial results announcement
Sappi Limited (JSE: SAP, OTC: SPPJY) will release its Q2 FY26 financial results for the period ended March 2026 on Thursday, 07 May 2026, at 08:00 South African time. (The closed period commences from the close of trading (South African time) on 31 March 2026 until results are released on 07 May 2026.) During the closed period, Sappi Limited does not disclose information on the company's financial position, outlook or market situation.
Latest news
Stay informed with the latest investor updates and Sappi news, featuring key financial insights, strategic developments, and industry innovations shaping our future.
SENS announcements
Johannesburg Stock Exchange announcements
Browse Sappi-related stories from the Stock Exchange News Service (SENS) from the Johannesburg Stock Exchange (JSE) Limited.
2026
2025
Strategy
What does this mean?
- Grow dissolving wood pulp (DWP) capacity, matching market demand
- Continue to expand and grow packaging and speciality papers
- Continue to explore the commercialisation of biomaterials opportunities
- Optimise graphic paper segments, ensuring we balance supply and demand
How we performed last year
- DWP sales volumes were slightly better than FY24, however, pricing was weaker, resulting in lower EBITDA margins
- Pulp constitutes 29% of group sales volumes (excluding forestry) and contributes 46% of group Adjusted EBITDA
- Packaging and speciality papers sales volumes increased by 8% year-on-year
- Packaging and speciality papers constitute 30% of group sales volume (excluding forestry) and contributes 13% of group Adjusted EBITDA
- Completed the conversion and expansion of Somerset Mill PM2 from graphic papers to paperboard, thereby reducing exposure to graphic papers and increasing growth in packaging grades
What does this mean?
- Target net debt at approximately US$1 billion
- Optimise capital management
- Maximise return on capital employed (ROCE)
- Review pricing strategies to secure optimal value creation
- Sustain dividends at 3x cover
How we performed last year
- Net debt at year-end US$1,920 million
- Invested to grow and convert PM2 at Somerset Mill to paperboard, aligned with the Thrive strategy
- Initiated further projects in Europe to reduce costs and/or exposure to graphic papers
- Concluded our major capital projects during FY25 and initiated a consolidation phase
- Suspended the payment of a dividend for FY25
What does this mean?
- Drive our safety-first culture
- Continuously improve our cost position
- Continue to maximise the benefits of our global footprint
- Best-in-class production efficiencies to secure increased volumes
How we performed last year
- Group lost-time injury frequency rate (LTIFR) improved, but we had two unfortunate fatalities at our Saiccor Mill in South Africa
- Group efficiency, procurement and continuous improvement savings of US$114 million
- Maximised the benefits of OneSappi to achieve cost advantages
- Challenging macro environment resulting in global trade tensions affecting all businesses
What does this mean?
- Improve our understanding of, and proactively partner with, all stakeholders
- Drive sustainability solutions
- Meet the changing needs of every Sappi employee
How we performed last year
- Sustained platinum EcoVadis status in our European and North American businesses
- Performance against our science-based carbon emission intensity reduction target showed an improvement compared to last year, but the target was not reached, mainly due to market-related production curtailments
- Actively supported local communities through community forums
- Employee engagement survey conducted in 2025 with 95% participation
- Sustained our Group Supplier Code of Conduct compliance and EcoVadis supplier assessments
- Ranked in the top 1,000 companies in the world by Forbes World’s Best Employers 2025 (number 289 globally and number five in
South Africa) - Ranked in the top 1,000 Companies in the world by Forbes Top Companies for Women (number 144 globally and number two for
South Africa) - Sustained Level 1 BBBEE in South Africa
Acting boldly for people, planet and prosperity
We’re unlocking the power of renewable resources to meet the needs of the planet and people while seeding prosperity for all. Together, we’re building a thriving world with a bio-based, circular economy.
In a warming world with increasingly scarce resources, making sustainable solutions is not just our responsibility. It's an opportunity that we’re embracing with a spirit of eco-effective ingenuity that’s unique to Sappi.
Sappi and the SDGs
We’ve set ambitious targets aligned with the United Nations’ Sustainable Development Goals (SDGs) in the seven areas where we believe Sappi can make the biggest impact.
Equity information
Corporate governance and risk
Good governance at Sappi contributes to living our values through enhanced accountability, a transparent and ethical culture, strong risk management, a focus on effective control of the business, legitimacy and good performance.
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Get in contact
Tracy Wessels
Group Head, Investor Relations and Sustainability