Smurfit WestRock plc 2025年度报告

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☒No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company”in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal controlover financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issuedits audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filingreflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received byany of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ The aggregate market value of the common equity held by non-affiliates of the registrant as of June 30, 2025 (based on the closing price per share as reportedon the New York Stock Exchange on such date), was approximately $22,371 million. The number of shares of registrant’s ordinary shares outstanding as of the close of business on February 20, 2026 was 524,253,735.DOCUMENTS INCORPORATED BY REFERENCE The information required by Part III of this Annual Report on Form 10-K, to the extent not set forth herein, is incorporated herein by reference from theregistrant’s definitive proxy statement to be filed pursuant to Regulation 14A in connection with the registrant’s 2026 annual general meeting of shareholderswithin 120 days after the end of the fiscal year to which this Annual Report on Form 10-K relates. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K includes certain “forward-looking statements” (including within the meaning of Section 27A of theSecurities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”))regarding, among other things, the plans, strategies, outcomes, outlooks and prospects, both business and financial, of SmurfitWestrock, the expected benefits of the completed Combination of Smurfit Kappa and WestRock Company (including, but not limitedto, synergies as well as our scale, geographic reach and product portfolio, or impact of announced closures), and any other statementsregarding Smurfit Westrock’s future expectations, beliefs, plans, objectives, results of operations, financial condition and cash flows,or future events or performance. Statements that are not historical facts, including statements about the beliefs and expectations of themanagement of Smurfit Westrock, are forward-looking statements. Words such as “may”, “will”, “could”, “should”, “would”,“anticipate”, “intend”, “estimate”, “project”, “plan”, “believe”, “expect”, “target”, “prospects”, “potential”, “commit”, “forecasts”,“aims”, “considered”, “likely” and variations of these words and similar future or conditional expressions are intended to identifyforward-looking statements but are not the exclusive means of identifying such statements. While the Company believes theseexpectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involveknown and unknown risks and uncertainties, many of which are beyond the control of the Com