MEMPHIS, Tennessee – International Paper announced results for the full-year and fourth quarter ended December 31, 2025. The Company separately announced its plan to create two independent, publicly traded packaging solutions companies in North America and EMEA. Full-year highlights include: Net sales of $23.63 billion; and Adjusted EBITDA (non-GAAP) from continuing operations of $2.98 billion. Q4, 2025 highlights include: Net sales of $6.01 billion, up from $3.9B in Q4 2024 prior to the DS Smith acquisition; and Loss from continuing operations of $2.36 billion, compared with a $88M net profit from continuing operations in Q4 2024. …The cuts in the Europe, Middle East and Africa business are part of IP’s ongoing optimization plan.