Sylvamo Corporation

Latest Results (29.06.2026):

Sylvamo Corporation — fourth quarter of 2025 (and full year 2025): Sylvamo reported Q4 2025 net income of $33 million on net sales of $890 million and adjusted EBITDA of $125 million (14% margin). For full-year 2025 the company posted net income of $132 million, adjusted EBITDA of $448 million (13% margin) and net sales of $3.4 billion, while generating $268 million of cash from operations and $44 million of free cash flow for the year.

Quarter and full‑year financials

Q4 2025: net income $33M; adjusted EBITDA $125M (14% margin); cash provided by operations $94M; free cash flow $38M. FY 2025: net income $132M; adjusted EBITDA $448M (13% margin); cash from ops $268M; free cash flow $44M.

Revenue trend

Net sales declined versus Q4 2024 ($890M vs $970M) and full-year sales were $3.35B versus $3.77B in 2024, reflecting challenging industry conditions in parts of Europe and Latin America.

Segment performance

Europe was the weakest region in Q4 with an operating loss of $29M (adjusted EBITDA (loss) of $22M) driven by lower prices, mix and higher input costs. Latin America delivered $37M operating profit (adjusted EBITDA $58M). North America produced $71M operating profit (adjusted EBITDA $89M), with volume gains partly offset by planned maintenance.

Balance sheet and leverage

As of year-end 2025 Sylvamo had cash and temporary investments of $135M and reported net debt of about $707M, giving a net debt-to-adjusted EBITDA ratio of 1.6x. Total equity was $966M and total assets were $2.76B.

Capital allocation and cash returns

Sylvamo invested $224M in capital projects and forestlands in 2025, returned $155M to shareholders (repurchases $82M, dividends $73M), and declared a $0.45 Q1 dividend (paid Jan. 23). The company has ~$150M remaining under its current repurchase authorization.

Special items and tax

Q4 included net special items that produced an after‑tax charge of $11M ($0.27 per diluted share), and the reported effective tax rate in Q4 was 43% (36% excluding net special items).

Outlook and near‑term drivers

Management said 2026 will be a transition year with peak capital spending (including ~$145M of Eastover mill investments) and lower near‑term free cash flow, but expects the projects to position Sylvamo to generate sustainably stronger results over time (targeting >$300M annual free cash flow and >15% ROIC once normalized).