Philip Morris quarter earnings

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Source: Dukascopy Bank SA
Philip Morris International reported strong Q1 2025 results, driven by growth in smoke-free products. Smoke-free products like IQOS and ZYN made up 42% of total revenue, with net revenue up 20% and gross profit up 33%. These products are now available in 95 markets. IQOS continued to gain market share in Japan and Europe, while ZYN nicotine pouches grew 53% in the U.S. Vaping product VEEV more than doubled its shipment volumes, especially in Europe. Cigarette sales were flat overall but grew 3.8% organically, with brands like Marlboro gaining market share.



Total revenue for the quarter was $9.3 billion, up 10% organically. Gross profit was $6.3 billion, up 16% organically. Adjusted earnings per share (EPS) was $1.69, or $1.76 excluding currency effects, up 17% year-over-year. PMI expects full-year adjusted EPS of $7.36 to $7.49, representing 12–14% growth compared to 2024, or 10.5–12.5% growth excluding currency. The company remains focused on expanding its smoke-free portfolio and expects continued strong performance for the rest of the year.
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