Mondi plc on Thursday reported a sharp fall in first-half results for the six months to 30 June 2026, with underlying earnings before interest, tax, depreciation and amortisation down to €379 million from €564 million a year earlier, and basic underlying earnings per share dropping to 11.6 euro cents from 42.7 euro cents. The board declared an interim dividend of 9.42 euro cents per share.
The company said the figure includes a €35 million forestry fair value loss, which weighed on operating performance. Cash from operations came in at €347 million, providing support for the interim payout despite lower profitability.
The step-down in earnings underscores ongoing margin pressure in paper and packaging markets, where weaker pricing or volumes and cost volatility can quickly flow through to results. The declared dividend signals management’s confidence in cash generation, but the reduced profit base leaves less room for error if trading conditions soften further.
Investors will watch second-half demand trends in corrugated packaging and paper, developments in selling prices, and movements in key inputs such as energy and fibre. Any update on cost-saving measures, capital spending discipline, and the trajectory of fair value movements in forestry assets will be important for gauging whether profitability can stabilise from here.
For more detail, read the full announcement.