The earnings call reflects a challenging quarter with significant financial and operational setbacks, including a substantial decline in EBITDA and increased net debt levels. While there are some positive developments, such as CapEx reduction and market share gains in graphic paper, the negative aspects, including the delayed Somerset PM2 conversion and ongoing European market challenges, dominate the sentiment.

Company Guidance

During the Sappi Q3 2025 Results Conference Call, CEO Steve Binnie provided guidance on several key metrics. The quarter was marked by a challenging global economic environment, leading to a decline in selling prices, particularly for dissolving pulp, and impacting the company's EBITDA, which came in at $80 million compared to $148 million previously. The completion of the Somerset PM2 conversion delayed production, resulting in a negative earnings impact of $22 million. This, along with increased net debt levels to $1.9 billion and a net debt to adjusted EBITDA ratio of 3.2x, highlighted the financial pressures faced by the company. Sappi aims to reduce its net debt below $1 billion, with strategic projects behind them and a planned reduction in CapEx to below $300 million in 2026. The company has also decided not to declare a dividend in the current year. Despite the challenges, Binnie expressed optimism about the ramp-up of PM2, improving dissolving pulp prices, and cost management efforts, projecting an adjusted EBITDA for Q4 above that of Q3.

CapEx Reduction

CapEx has been reduced to $500 million for the current year and projected to be less than $300 million in 2026 and 2027.

Increase in Graphic Paper Market Share

Sappi has progressively increased its market share in both coated woodfree and coated mechanical paper over the last few quarters by a few percentage points.

Dissolving Pulp Price Recovery

Prices for dissolving pulp have started to rise again, from a low of $798 to $810, with expectations of further recovery.

Sappi (SPPJY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SPPJY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q4)	0.04 / -	0.14	―	―	―
Aug 07, 2025	2025 (Q3)	-0.03 / -0.05	0.087	-162.07% (-0.14)
May 08, 2025	2025 (Q2)	0.02 / -0.03	0.05	-166.00% (-0.08)
Feb 05, 2025	2025 (Q1)	0.12 / 0.12	-0.208	157.69% (+0.33)
Nov 07, 2024	2024 (Q4)	0.12 / 0.14	0.07	100.00% (+0.07)
Aug 08, 2024	2024 (Q3)	0.07 / 0.09	0.066	31.82% (+0.02)
May 09, 2024	2024 (Q2)	0.09 / 0.05	0.114	-56.14% (-0.06)
Feb 07, 2024	2024 (Q1)	- / -0.21	0.3	-169.33% (-0.51)
Nov 09, 2023	2023 (Q4)	0.04 / 0.07	0.046	52.17% (+0.02)
Aug 03, 2023	2023 (Q3)	-0.03 / 0.07	0.37	-82.16% (-0.30)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SPPJY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$1.52	$1.50	-1.32%
May 08, 2025	$1.80	$1.65	-8.33%
Feb 05, 2025	$2.57	$2.46	-4.28%
Nov 07, 2024	$2.69	$2.99	+11.15%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Sappi Limited (SPPJY) report earnings?

Sappi Limited (SPPJY) is schdueled to report earning on Nov 06, 2025, Before Open (Confirmed).

What is Sappi Limited (SPPJY) earnings time?

Sappi Limited (SPPJY) earnings time is at Nov 06, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SPPJY EPS forecast?

SPPJY EPS forecast for the fiscal quarter 2025 (Q4) is 0.04.

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