Summary
Altria Group, Inc. reported net earnings of $5.83 billion for the first nine months of 2025, a decrease from $8.23 billion in the same period of 2024. This decline was significantly influenced by a $2.7 billion gain from the sale of IQOS System commercialization rights in the prior year and a substantial non-cash goodwill impairment charge of $873 million related to its e-vapor reporting unit. Despite the reported net earnings decrease, the company's adjusted net earnings saw an increase of 3.6% to $6.97 billion for the nine-month period, driven by higher operating companies income (OCI) and a lower adjusted tax rate. The company also announced a 3.9% increase in its quarterly dividend to $1.06 per share and a $1 billion expansion of its share repurchase program. However, shipment volumes for its core smokeable products segment declined, reflecting ongoing industry-wide pressures and evolving consumer preferences.
Financial Highlights
48 data points| Revenue | $6.07B |
| Cost of Revenue | $1.44B |
| Gross Profit | $3.81B |
| Operating Income | $3.23B |
| Net Income | $2.38B |
| EPS (Basic) | $1.41 |
| EPS (Diluted) | $1.41 |
| Shares Outstanding (Basic) | 1.68B |
| Shares Outstanding (Diluted) | 1.68B |
Key Highlights
- 1Reported net earnings decreased by 29.1% to $5.83 billion for the nine months ended September 30, 2025, primarily due to a large gain in the prior year from the IQOS System commercialization rights sale and an $873 million goodwill impairment charge for the e-vapor reporting unit.
- 2Adjusted net earnings increased by 3.6% to $6.97 billion for the nine months ended September 30, 2025, indicating underlying operational strength.
- 3The company announced a 3.9% increase in its quarterly dividend to $1.06 per share, with an annualized rate of $4.24 per share, and expanded its share repurchase program by $1 billion to $2 billion.
- 4Net revenues for the nine months ended September 30, 2025, decreased by 3.4% to $17.43 billion, primarily driven by lower net revenues in the smokeable products segment.
- 5Shipment volume for the smokeable products segment declined by 10.3% for the nine months ended September 30, 2025, impacted by industry volume declines and retail share losses.
- 6The oral tobacco products segment experienced a 0.6% increase in net revenues to $2.10 billion for the nine months ended September 30, 2025, driven by higher pricing, despite a 5.2% decrease in shipment volume.
- 7The company recognized an $873 million non-cash goodwill impairment charge related to its e-vapor reporting unit due to regulatory challenges and market performance.