Record EBITDA

Pyxus International Achieves Record Adjusted EBITDA for Fiscal 2026 Amidst Sales Shift

Pyxus International reported strong fourth-quarter results for the fiscal year ended March 31, 2026, with net sales up 35.2% year over year as higher leaf volumes in Africa and North America supported improved operations. For the full fiscal year, however, sales fell 2.8% to $2.41 billion, driven mainly by a 3.8% decline in the average price per kilo of tobacco in Africa and weaker volume in value-added tobacco products, partially offset by growth in third-party processing. The company’s profitability improved despite the revenue dip, including record adjusted EBITDA of $226.7 million, higher full-year operating income of $162.7 million, and net income of $14.6 million, alongside an improved leverage ratio and rising cash balances. Pyxus also highlighted a shift toward processing and service volumes and lower green tobacco purchase costs, while noting inventories increased heading into fiscal 2027. Looking ahead, the company expects fiscal 2027 sales between $2.3 billion and $2.5 billion and outlined planned capital expenditures of $38.4 million, including new and refurbished warehousing in South America and Africa. Overall, management framed the results as the product of changing global demand and cost-reduction efforts, even as pricing pressure and mix shifts continued to weigh on top-line performance.

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