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Mondi PLC on Thursday reported lower interim profit, as the packaging firm warned of tariff risks in the second half of 2025. For the six months that ended June 30, the Weybridge, England-based company posted pretax profit of €247 million, down 17% from €296 million a year earlier. But revenue rose 4.5% to €3.91 billion from €3.74 billion. Mondi said its performance for the first half was driven by higher sales volumes and higher average selling prices, coupled with ‘good’ cost control, offsetting labour cost inflation, currency headwinds and a reduced forestry fair value gain. It noted that there was a limited direct impact on its operations from announced tariffs. While only 2% to 3% of its revenue is generated from exports into the US, the group warned that it remains ‘mindful of the second order impacts affecting trade flows, consumer confidence and supply chains’. Mondi maintained its interim dividend at 23.33 euro cents. Basic earnings per share fell 13% to 38.6 cents from 44.5 cents, while headline EPS was 37.2 cents, down 11% from 41.8 cents. Mondi Chief Executive Officer Andrew King said the group remains focused on delivery of its ‘ongoing productivity, cost and cash flow optimisation initiatives’. Shares in Mondi declined 6.3% to 1,095.00 pence on Thursday morning in London. In Johannesburg, its shares were down 5.0% at R 263.48 at midday. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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