Smurfit Westrock sees 167.5% surge in Q2 2025 net sales 

USA – Smurfit Westrock, a global leader in paper-based packaging solutions, reported a remarkable 167.5% surge in net sales for the second quarter of 2025, reaching US$7.94 billion, up from US$2.96 billion in Q2 2024. 

Despite this strong revenue growth, the company faced a net loss of US$26 million, a stark contrast to the US$132 million net income recorded in the same period last year, resulting in a net income margin shift from 4.4% to a negative 0.3%.

According to company leadership, the financial performance reflects operational strengths tempered by significant restructuring costs.

 “I am pleased to report a strong second-quarter performance as we continue to deliver in line with our adjusted EBITDA guidance,” said Tony Smurfit, President and CEO of Smurfit Westrock. 

“This performance is driven by significant improvement in our North American business and continued excellent results from our Latin American operations, somewhat offset by a resilient performance from our EMEA and APAC businesses.”

Adjusted EBITDA rose impressively by 152.7% to US$1.21 billion from US$480 million in Q2 2024, though the adjusted EBITDA margin dipped slightly from 16.2% to 15.3%. 

The company also saw a 144.1% increase in net cash from operating activities, reaching US$829 million, and adjusted free cash flow grew by 104.8% to US$387 million, underscoring improved liquidity despite economic headwinds.

For the first half of 2025, Smurfit Westrock’s net sales climbed to US$15.59 billion, a 164% increase from US$5.89 billion in 2024, with net income rising 10.2% to US$356 million. 

The company’s board approved a quarterly dividend of $0.43 per share, signaling confidence in its financial stability. 

In a statement, Smurfit emphasized the company’s global reach and innovative portfolio as key drivers for future growth.

A report by the company for Q3 2024 indicated net sales of approximately US$7.7 billion and an adjusted EBITDA of US$1.265 billion, with a stronger margin of 16.5%, despite a US$150 million net loss due to transaction-related expenses. 

The company continues to focus on asset optimization and sustainability, aligning with its mission to deliver innovative packaging solutions across 40 countries. 

Smurfit Westrock’s leadership remains optimistic, projecting a Q3 2025 adjusted EBITDA of around US$1.3 billion, with full-year estimates holding steady between US$5.0 billion and US$5.2 billion, assuming stable MARKET conditions.

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