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Announce its plan to create two independent, publicly traded packaging solutions companies in North America and EMEA.
International Paper announces results for the full-year and fourth quarter ended Dec. 31, 2025. The company separately announced its plan to create two independent, publicly traded packaging solutions companies in North America and EMEA.
Full-year net sales were $23.634 billion in 2025 and $15.835 billion in 2023. The reported full-year net loss was $3.368 billion. Adjusted EBITDA was $2.976 billion in 2025. Fourth quarter net sales were $6.006 billion in 2025 compared to $3.922 billion in 2024.
The Packaging Solutions North America (PS NA) business segment reported sales of $3.715 billion in 4Q 2025, and $15.175 billion in full-year 2025. The Packaging Solutions EMEA (PS EMEA) business segment reported sales of $2.3 billion in 4Q 2025, and $8.451 billion in full-year 2025.
“Throughout 2025, we made significant progress executing our profitable growth strategy,” says Andy Silvernail, International Paper chairman and CEO. “By deploying and embedding 80/20, we focused resources where we can win and built two regional packaging powerhouses. In North America, we grew above market in the second half of the year and delivered 37% year-over-year adjusted EBITDA improvement. In EMEA, we moved decisively and made significant progress in applying our commercial and structural cost levers to set us up for a strong year ahead.
“As we enter 2026, we anticipate meaningful progress on our commercial and cost-out initiatives and expect to deliver $3.5 – $3.7 billion of adjusted EBITDA for the full year and $740-760 million in the first quarter,” Silvernail adds. “These targets are based on above-industry growth but do not reflect future price realization. Further, we have not yet fully assessed the impact of this week’s winter storm across the US.
“We have confidence in the plans to achieve our targets for 2026 and believe our ongoing transformation investments will allow us to build momentum as we work toward forming two scaled, independent, regional packaging solutions leaders in North America and EMEA,” he concludes.
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