Sappi reported revenue down 6% to $1.29bn for the quarter to December 2025. Adjusted EBITDA fell 56% to $90m. Headline EPS turned to a loss of 6 US cents from profit of 12 US cents last year. Weak demand, pricing pressure across segments, lower dissolving wood pulp prices, stronger ZAR/USD rate and North American maintenance disruptions hurt results.
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