Performance metrics

Performance metrics are fundamental to monitoring progress and driving continuous improvement on our sustainability priorities. By systematically measuring and periodically reporting on sustainability performance, we ensure that our business strategy and value creation approach extend beyond financial capital to encompass multiple forms of capital, including human, social, and natural resources. This comprehensive perspective enables us to track our impact, demonstrate accountability, and support long-term, sustainable value creation for all stakeholders.

The metrics on this page are explained in the relevant sections of our Value Report 2025 and in additional communications available on our website. Please also refer to the Glossary and the Non-financial KPI Hub for further information on our approach to non-financial data and methodological details for key KPIs.

Aligned with our financial calendar, the data contained herein covers January 1 to December 31, 2025, unless specified otherwise. Where full-year data is not available, we use the most recent actuals (typically through September 2025) and reliable estimates for the remainder. Provisional figures are footnoted in performance tables and will be updated with actuals on our website in 2026.

The data encompasses PMI’s global operations, including subsidiaries consolidated in Philip Morris International’s financial statements as of December 31, 2025, and excludes joint ventures, partnerships, or license agreements, unless specified otherwise. Unless explicitly stated, the data, information, and aspirations do not incorporate PMI’s wellness and healthcare business, Aspeya. Regarding the Swedish Match acquisition, completed late 2022, unless otherwise indicated, the data includes information pertaining to its sustainability performance.

All financial and nonfinancial data are sourced from PMI’s internal systems or robust estimation methodologies aligned with international reporting standards when available, for detailed processes please refer to the Non-financial KPI Hub.

* The 2025 data are subject to PwC’s Limited Assurance Report, available here.
Note: Unless otherwise stated, all business transformation metrics include Swedish Match related data as of November 11, 2022 (acquisition date), as well as Wellness business.

¹Excludes PMI’s Tech and other Capital expenditures that are not allocated to smoke-free nor combustible tobacco products.
²For definition of available for sale, see Glossary.
³ Categories refer to heated tobacco, e-vapor and oral smoke-free products.
⁴Includes heated tobacco units, e-vapor unit equivalents and oral smoke-free products in pouch or pouch equivalents, excluding snuff, snuff leaf and U.S. chewing tobacco.
⁵ Excludes snuff, snuff leaf and U.S. chewing tobacco.
⁶ For definition of net revenues related to smoke-free, see Glossary.
⁷ Data excludes the combustibles net revenues impact related to termination of distribution arrangement in the Middle East in 2023.
⁸ Based on number of markets where PMI's smoke-free products have been available for sale at the end of each respective year presented.
⁹ Total PMI smoke-free users is defined as the sum of total IQOS users, total oral smokeless users, and total e-vapor users of PMI products and considering poly-users across PMI’s smoke-free product categories. For definitions, see Glossary.
¹⁰ Combustible tobacco products volume includes cigarettes and other tobacco products expressed in cigarette equivalent units. The indicator is calculated based on millions of units.
¹¹Worldwide, including the U.S., excluding China. For definition of industry, see Glossary. The industry estimates are calculated at the market and product level based on a methodology that includes the list of sources (such as third-party information from market research firms). The figures are reported on a monthly basis, governed by an internal standard. The 2015 baseline for each value is respectively 3.4 (a), 2.7 (b) and 0.8 (c) in billion equivalent units and was used as the basis for computing 2025 metrics.

The 2025 metrics marked with an asterisk (*) are subject to PwC’s Limited Assurance Reports (see the report for the BTMs here and for the Sustainability Index KPIs here).
Notes: Unless otherwise stated, all applicable business transformation metrics include Swedish Match related data as of November 11, 2022 (acquisition date), as well as Wellness business.

¹ Total PMI smoke-free users is defined as the sum of total IQOS users, total oral smokeless users, and total e-vapor users of PMI products and considering poly-users across PMI's smoke-free product categories. For definitions, see Glossary.
² For definition of available for sale, see Glossary.
³Categories refer to heated tobacco, e-vapor, and oral smoke-free products.
⁴ Excluding PMI Global Travel Retail. World Bank report issued in 2022 is used on a comparative basis for income level classification. For definition of low- and middle-income markets, see Glossary.
⁵ Investments reflect research, product and commercial development, production capacity, scientific substantiation, and studies on adult smoker understanding. Excludes Swedish Match acquisition costs and Wellness business.
⁶ Data reflect the number of factories operated and owned by PMI at the end of the respective year. “Smoke-free products factories” is defined as manufacturing facilities producing heated tobacco units and/or oral nicotine products. The number of factories reported is based on location, i.e., if a facility is in one location, but has several physical areas (plants), the facility is counted as one.
⁷ Excludes PMI's Tech and other Capital expenditures that are not allocated to smoke-free or combustible tobacco products.
⁸ Includes heated tobacco units, e-vapor unit equivalents, and oral smoke-free products in pouch or pouch equivalents, excluding snuff, snuff leaf, and U.S. chewing tobacco.
⁹ Excludes snuff, snuff leaf, and U.S. chewing tobacco.
¹⁰ Combustible tobacco products volume includes cigarettes and other tobacco products expressed in cigarette equivalent units.
¹¹ The indicator is calculated based on millions of units.
¹²Based on number of markets where PMI's smoke-free products have been available for sale at the end of each respective year presented.
¹³ Worldwide, including the U.S., excluding China. For definition of industry, see Glossary. The industry estimates are calculated at the market and product level based on a methodology that includes the list of sources (such as third-party information from market research firms). The figures are reported on a monthly basis, governed by an internal standard. The 2015 baseline for each value is respectively 3.4 (a), 2.7 (b) and 0.8 (c) in billion equivalent units and was used as the basis for computing 2025 metrics.
¹⁴ For definition of net revenues related to smoke-free, see Glossary.
¹⁵ Data excludes the combustibles net revenues impact related to termination of distribution arrangement in the Middle East in 2023.

The 2025 metrics marked with an asterisk (*) are subject to PwC’s Limited Assurance Reports (see the report for the BTMs here and for the Sustainability Index KPIs here). For definitions of the KPIs please refer to PMI’s Non-financial KPI hub.
Note: Data include Swedish Match unless indicated otherwise.

¹ R&D positions include scientists, engineers, technicians, and support staff. Comparable data for years prior to 2018 are not available as the scope of R&D positions changed following Company organizational changes.
² IP5 jurisdictions are China, Europe (patents granted by the European Patent Office), Japan, South Korea, and the U.S. Figures do not include Swedish Match.
³ Excludes Swedish Match.
⁴Excludes Russia.
⁵Total shipment volume includes cigarettes, other tobacco products (OTPs), and smoke-free product consumables. See PMI’s Non-financial KPI hub for further details. Data exclude Wellness business.
⁶ For definition of net revenues related to Wellness, see Glossary.

¹ See PMI’s Non-financial KPI hub for further details.
² Shipment volume includes heated tobacco units, e-vapor cartridges, and disposable vaping devices. See PMI’s Non-financial KPI hub for further details.
³ Excludes disposable products and non-PMI-designed devices. Collected devices are considered covered by the CIRCLE program if they are either processed at our centralized CIRCLE hubs or by validated local recycling partners.
⁴ The recycling rate represents the proportion of material, by weight, that is recycled at all validated facilities—CIRCLE hubs in Hungary, Japan, and validated local recycling partners. Excludes thermal recycling, such as energy recovery by incineration.
⁵ Excluding Swedish Match.
⁶ Excluding e-vapor product packaging materials (<0.5% of overall PMI tonnage).

Notes: The 2025 metrics marked with an asterisk (*) are subject to PwC’s Limited Assurance Report (see the report for the Sustainability Index KPIs here).
Data include Swedish Match unless indicated otherwise and exclude Rothmans, Benson & Hedges.
Own workforce metrics are calculated based on number of employees in PMI reporting systems unless indicated differently.

¹ At year-end 2025, PMI reporting systems covered around 93% of workforce. Excludes Wellness business, unintegrated Swedish Match employees, and United Tobacco Company.
²Calculation based on number of PMI employees.
³ We reference our 2023 living wage survey as our most recent completed assessment, as the 2025 survey was postponed to 2026 due to a change in our living wage benchmark provider and related methodological updates.
⁴ The mean gender pay gap is calculated as the percentage difference between the average of the sum of annual base salary, bonus, and stock awards. Excludes Russia and Profigen. Data for 2023 and 2024 were restated due to refined methodology.
⁵ For definitions of management positions, managers, directors, senior roles, and senior leaders, see Glossary.
⁶ For further details on how we measure progress on this KPI, please see PMI’s Non-financial KPI hub.
⁷ Data as of March 10, 2026 (14 Company Management members, of whom two were women). See PMI's Annual Report 2025 for further details.
⁸ Data as of March 10, 2026 (11 members of PMI’s Board of Directors, of whom four were women). See PMI's 2026 Proxy Statement for further details.
⁹ This figure is an estimate based on the total headcount within functions where the primary skills required for employees in their daily responsibilities related to science, technology, engineering, or mathematics (STEM).
¹⁰ Employees holding management roles in revenue-generating functions (i.e., functions responsible for core business objectives or profit and loss).

Notes: The 2025 metrics marked with an asterisk (*) are subject to PwC’s Limited Assurance Report (see the report for the Sustainability Index KPIs here).
Own workforce metrics are calculated based on number of employees in PMI reporting systems unless indicated differently.
Selected 2025 occupational health and safety (OHS) metrics are subject to external verification by SGS (see the External Verification Statement here).
Metrics marked with (◊) are based on actual data from 2025 (usually from January to September—some to August) and estimates for remaining months. These data will be restated with full-year actual figures and made available on our website during 2026.
Data include Swedish Match unless indicated otherwise.

¹ For further details on how we measure progress on this KPI, please see PMI’s Non-financial KPI hub.
² Calculation based on a total of almost 60,300 employees maintained in PMI’s central HR system as of December 31, 2025. Excludes Russia.
³Excludes Swedish Match. Including Swedish Match smoke-free manufacturing operations 0.08.
⁴ Excludes Swedish Match. Including Swedish Match smoke-free manufacturing operations 0.08.
⁵ Excludes Swedish Match. Including Swedish Match smoke-free manufacturing operations 0.13.
⁶ Excludes Swedish Match. Including Swedish Match smoke-free manufacturing operations 0.14.
⁷ Excludes Swedish Match. Including Swedish Match smoke-free manufacturing operations 0.10.
⁸ Excludes Swedish Match. There were no fatalities in Swedish Match in 2025.
⁹ Excludes Swedish Match.
¹⁰ Scope covers manufacturing facilities producing more than three billion cigarette equivalents annually. Data exclude Russia, due to sanctions applied to the country, Ukraine, and Swedish Match.

Notes: Data include Swedish Match unless indicated otherwise.
Metrics marked with (†) exclude Russia.

Notes: The overview is based on employees included in PMI reporting systems.
Data include Swedish Match unless indicated otherwise.

Note: Sum may not foot due to rounding.

Note: The 2025 metrics marked with an asterisk (*) are subject to PwC’s Limited Assurance Report (see the report for the Sustainability Index KPIs here).
Data excluding Swedish Match. Metrics marked with (†) exclude Russia.

¹Suppliers refer to tier 1 suppliers. For definitions see Glossary.
² Total supply chain spend includes procurement spend and tobacco leaf sourcing spend.
³ For definitions see Glossary.
⁴Sustainable sourcing is determined based on a minimum threshold score of 45 out of 100 in EcoVadis (direct materials) or 125 out of 200 in RBA with no open priority issues (electronics). All traceable tobacco purchased from monitored farmers is considered sustainable. Leaf-related spend includes Russia.
⁵ Our assessments prioritize countries which are assessed as highest risks from a human rights standpoint. They are determined based on key parameters such as PMI’s footprint and the country’s human rights risk profile, as determined by internationally recognized organizations. For further details, please see PMI’s Non-financial KPI hub.
⁶ Tobacco farmers whose tobacco is included in PMI packed products.
⁷Data refer to parent companies.

Notes: The 2025 metrics marked with an asterisk (*) are subject to PwC’s Limited Assurance Report (see the report for the Sustainability Index KPIs here).
Monitoring against our ALP Code is performed on farmers contracted by PMI’s suppliers or PMI leaf operations whose tobacco volumes are purchased by PMI and used in our products. Our 2025 farm-level ALP monitoring data cover 21 out of 23 countries from which we sourced in 2025.
Data exclude Swedish Match.

¹Excludes Thailand. Estimated based on surveys that indicate whether the farmer has an improved drinking water source within one kilometer or 30-minute round trip, or availability of continuous household-level solutions.
² Scope is limited to farmers who provide accommodation to workers (approximately 4 percent of the total farmer base in 2025).
³ Excludes China, Thailand, Switzerland, and India (flue-cured). See PMI’s Non-financial KPI hub for further details on methodology.
⁴ For further details, please see PMI’s Non-financial KPI hub.
⁵ Includes children of any age found to be involved in hazardous work.
⁶ Includes light work performed by own family's children only.

Note: Data excluding Swedish Match. Metrics marked with (†) exclude Russia.
¹ EcoVadis score ranges from 0 to 100, with a minimum threshold score of 45 demonstrating satisfactory sustainability performance.

Notes: Our inventory of GHG emissions (scope 1, 2, and 3) in 2025 is subject to external verification by SGS (see the External Verification Statement for scope 1+2 here, net scope 1+2 here, for scope 3 here, and for a list of the individual metrics assured here). Metrics’ values include Swedish Match, unless otherwise specified.
Metrics marked with (◊) are based on actual CO₂e data from 2025 (usually from January to September—some to August) and estimates for remaining months. These data will be restated with full-year actual figures and made available on our website during 2026. For more information on PMI’s approach to GHG calculations and materiality thresholds, please refer to PMI’s Non-financial KPI hub and PMI's Value Chain Carbon Footprint Methodology Overview.

¹ Prior years’ numbers restated due to further improvements in methodology.
² Intensity is measured per million net revenues in USD (CO₂e data are based on latest estimates used to run carbon footprint exercise).
³ 2025 carbon credits reflect credits retired early 2026 to compensate against emissions in 2025; 2023 and 2024 credits presented accordingly.
⁴Since 2022 a minor portion of PMI’s retail stores was included in the scope 1+2 emissions, while in 2025 these were fully incorporated.
⁵ Emissions associated with the energy consumption from electric vehicles have been included from 2025 reporting year.
⁶ Ambition achieved in early 2026 against 2025 emissions; data refer to yearly gross emissions from the reporting year minus the retroactive offsetting of the previous year's emission.
⁷Excludes Swedish Match.
⁸ Ambition achieved in early 2026; data refer to PMI manufacturing facilities certified carbon neutral against emissions from the reporting year. Considered only PMI production centers that have been operational for the full year. 2025 data include Swedish Match.

¹ Prior years' numbers restated due to further improvements in methodology.
² Intensity is measured per million net revenues in USD (CO₂e data are based on latest estimates used to run carbon footprint exercise).
³ Emissions associated with the energy consumption from electric vehicles have been included from 2025 reporting year.
⁴ For further details on scope 3 calculation, please refer to PMI's Value Chain Carbon Footprint Methodology Overview.
⁵ Excludes Swedish Match.
⁶ Intensity measured in tons of CO₂equivalent per ton of green tobacco cured.

Notes: The 2025 metrics marked with an asterisk (*) are subject to PwC’s Limited Assurance Report (see the report for the Sustainability Index KPIs here).
Select 2025 metrics related to PMI's Monitoring, Verification, and Reporting Framework for leaf-curing fuel and the Zero Deforestation Manifesto are subject to a third-party limited assurance.
Data exclude Swedish Match.

¹ For definitions, please see PMI’s Zero Deforestation Manifesto and PMI’s Non-financial KPI hub.
² 99% of our tobacco purchases did not pose a risk of net deforestation. The aspiration of 100% was achieved via reforestation efforts that compensated for the portion at risk.
³ Indicator is based on the World Resources Institute’s volumetric benefit accounting methodology. For further details, see PMI’s Non-financial KPI hub.
⁴Blue water refers to water used for irrigation, excluding rainfall.
⁵ Refers to amount of freshwater withdrawn from municipal sources.
⁶ Water ratio is defined as water withdrawn, measured in cubic meters per million cigarette equivalents, using a conversion factor of 5:1 to convert HTUs into conventional cigarettes.
⁷ Scope: priority manufacturing facilities identified based on site overall risk in relation to the watershed, water withdrawal, water consumption, product portfolio, and other strategic considerations. PMI sites that are in low-to-medium water risk areas and below 2.5% of PMI manufacturing water footprint are excluded.

Notes: Select 2025 metrics related to PMI's Monitoring, Verification, and Reporting Framework for leaf-curing fuel and the Zero Deforestation Manifesto are subject to a third-party limited assurance.
Data exclude Swedish Match.

¹ Excludes the mandated waste, generally tobacco, that we are obliged to landfill to respect local regulations.
² Disposal to landfill includes sanitary waste, canteen waste, and waste mandated by authorities to be disposed of in landfill.
³ Scope: Manufacturing facilities producing more than three billion cigarette equivalents annually. Data exclude Russia, due to sanctions applied to the country, and Ukraine.
⁴ Fines above USD 10,000 (or equivalent in converted currency). PMI does not have any anticipated accrued environmental liabilities at year-end 2025.

This online content about our Value Report should be read in conjunction with PMI’s Value Report 2025. This report includes metrics that are subject to uncertainties due to inherent limitations in the nature and methods for data collection and measurement. The precision of different collection and measurement techniques may also vary. This report includes data or information obtained from external sources or third parties. Unless otherwise indicated, the data contained herein cover our operations worldwide for the full calendar year 2025 or reflect the status as of December 31, 2025. Where not specified, data comes from PMI financials, nonfinancials, or estimates.

Unless explicitly stated, the data, information, and aspirations in this report do not incorporate PMI’s Wellness unit, Aspeya. Regarding the Swedish Match acquisition, completed late 2022, unless otherwise indicated, this report includes information pertaining to its sustainability performance. Please also refer to "About this report" on page 3 of the PMI’s Value Report 2025 for more information. Aspirational targets and goals do not constitute financial projections, and achievement of future results is subject to risks, uncertainties and inaccurate assumptions, as outlined in our forward-looking and cautionary statements on page 142. In PMI’s Value Report 2025 and in related communications, the terms “materiality,” “material,” and similar terms are defined in the referenced sustainability standards and are not meant to correspond to the concept of materiality under the U.S. securities laws and/or disclosures required by the U.S. Securities and Exchange Commission.

Value Report

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