0001628280-26-030959
SEC filingPhilip Morris International held its 2026 Annual Meeting, reporting 2025 net revenues over $40 billion and strong Q1 2026 performance, with smoke-free products contributing 43% of Q1 revenues.
Philip Morris International held its 2026 Annual Meeting of Shareholders on May 6, 2026, where Chairman André Calantzopoulos and Group CEO Jacek Olczak presented the company's performance and strategy. The meeting highlighted PMI's remarkable 2025 performance, with annual net revenues surpassing $40 billion, including close to $17 billion from smoke-free products. The company reported a robust start to 2026, with smoke-free products accounting for 43% of first-quarter total net revenues. Management reiterated its commitment to best-in-class growth for 2026-2028 and steadfast shareholder returns. Shareholders elected 10 director nominees, approved executive compensation on an advisory basis, ratified the selection of PricewaterhouseCoopers SA as independent auditors, and voted against a shareholder proposal. Approximately 81% of shares entitled to vote were represented. The press release also noted that PMI's smoke-free products are available in over 105 markets, with over 43 million legal-age consumers as of December 31, 2025. The company has invested over $16 billion since 2008 in smoke-free product development. The filing is furnished under Item 7.01 and is not deemed filed for SEC liability purposes.