
Paper-based packaging solutions provider Smurfit Westrock has reported its performance results for the second quarter (Q2) ending 30 June 2025.
The company’s net sales reached $7.94bn in Q2 2025, representing a substantial rise of 167.5% from $2.96bn in Q2 2024.
However, the company experienced a net loss of $26m in Q2 2025, a decline from a net income of $132m in Q2 2024, resulting in a negative shift in net income margin from 4.4% in 2024 to 0.3% in 2025.
Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) saw a significant increase of 152.7%, reaching $1.21bn in Q2 2025 from $480m in Q2 2024, although the adjusted EBITDA margin slightly decreased from 16.2% in 2024 to 15.3% in 2025.
Additionally, net cash provided by operating activities rose 144.1% to $829m in Q2 2025 from $340m in Q2 2024.
Adjusted free cash flow improved to $387m in Q2 2025, compared to $189m in 2024, reflecting a growth of 104.8%.

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By GlobalDataSmurfit Westrock president and CEO Tony Smurfit said: “I am pleased to report a strong second-quarter performance as we continue to deliver in line with our adjusted EBITDA guidance.
“This performance is driven by the significant improvement in our North American business and continued excellent results from our Latin American operations, somewhat offset by a resilient performance from our EMEA [Europe, the Middle East and Africa] and APAC [Asia-Pacific] businesses.”
For the six months ended 30 June 2025 (H1), the company’s net sales reached $15.59bn, indicating an increase of about 164% from $5.89bn in 2024.
Smurfit Westrock has reported a net income of $356m for the first six months of 2025, reflecting an increase of approximately 10.2% from $323m reported in the same period last year.
In addition, the company announced that its board has approved a quarterly dividend of $0.43 per ordinary share.
In March 2025, Smurfit Westrock reported an increase in net sales for Q1 2025, totalling $7.66bn, compared to $2.93bn in the same period last year.