Sappi, the pulp, paper and packaging producer, reported FY26 adjusted EPS down to a loss of 21 US cents, compared with earnings of 8 US cents previously. Revenue declined 2.6% to $5.28bn, while adjusted EBITDA fell 41.32% to $294m. Results were pressured by weak graphic paper demand, higher fuel, chemical and logistics costs, currency movements, and $405m in special items. Net debt increased 6.77% to $2.05bn, while management expects first quarter FY27 adjusted EBITDA below the fourth quarter’s $99m.
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