🔴 Sappi is trading 6% down today after reporting a $747M net loss for FY2026

Sappi is trading at ZAc 1,220, down 6.37%, following the release of its FY2026 results which highlighted significant earnings pressure and a cautious outlook.

• Full-year adjusted EBITDA plunged 41% to US$294 million, while the company recorded a US$747 million net loss and saw net debt rise to US$2.05 billion.
• Management warned that Q1 FY2027 adjusted EBITDA is expected to be lower than the fourth quarter, pressured by planned maintenance and elevated fuel and logistics costs.