The company said it held its May 7, 2025 virtual annual meeting of shareholders. Approximately 82% of the voting shares were represented in person or by proxy. Shareholders elected 11 director nominees and ratified PricewaterhouseCoopers SA as independent auditors.

1. 01

   The company said it held its May 7, 2025 virtual annual meeting of shareholders. Approximately 82% of the voting shares were represented in person or by proxy. Shareholders elected 11 director nominees and ratified PricewaterhouseCoopers SA as independent auditors.

2. 02

   The company said shareholders approved, on an advisory basis, the compensation of named executive officers. It said the final voting results will be included in Form 8-K, which it will file with the SEC in the coming days.

3. 03

   The company said Chief Executive Officer Jacek Olczak noted that IQOS and ZYN marked their 10-year anniversaries in 2024, and that smoke-free net revenues reached almost $15 billion.

4. 04

   The company said its smoke-free business accounted for 42% of total net revenues in Q1 2025, and that it has invested over $14 billion since 2008 to develop and commercialize related products. It also said its smoke-free products were sold in 95 markets as of December 31, 2024, and that it estimates they were used by 38.6 million adults.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.