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PhilipMorrisInternationalPresentsitsValueReport2025:changeinmotion
===2026/4/1 9:33:37===


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iTotal 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 inPMI’s Value Report 2025.





iiFor definition of available for sale, see Glossary inPMI’s Value Report 2025.





iiiFor definition of net revenues related to smoke-free, see Glossary inPMI’s Value Report 2025. This information should be read in conjunction with the Reconciliation of non-GAAP measures inPMI’s Value Report 2025.





ivTotal shipment volume includes cigarettes, other tobacco products (OTPs), and smoke-free product consumables. SeePMI’s Non-financial KPI hu
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