环球烟草 2025年度报告

UNIVERSAL CORPORATIONEST. 19182026 1ABOUTUS Universal Corporation is a global business-to-business agriproducts company with over 100 years of experiencesupplying products and innovative solutions to meet our customers’ evolving needs. With operations in over 30HTZSYWNJXTS[ܪJHTSYNSJSYX\JFWJZSNVZJQ^UTXNYNTSJIYTQJ[JWFLJTZW\TWQI\NIJSJY\TWPYTFHHJXXFIN[JWXJWJQNFGQJXZUUQ^ TK UQFSYGFXJI RFYJWNFQX 9MNX UWJXJSHJ HTRGNSJI \NYM TZW XZUUQ^ HMFNS J]UJWYNXJ NSYJLWFYJI UWTHJXXNSLHFUFGNQNYNJXFSIHTRRNYRJSYYTXZXYFNSFGNQNY^JSFGQJXZXYTIJQN[JWMNLMVZFQNY^HZXYTRN_FGQJFSIYWFHJFGQJ[FQZJadded agriproducts essential to our customers’ success. We have two primary businesses: leaf tobacco and plant-based ingredients. LEAF TOBACCO :SN[JWXFQNXF[NYFQQNSPGJY\JJSKFWRJWXFSIRFSZKFHYZWJWXTKHTSXZRJWYTGFHHTUWTIZHYXXTZWHNSLYMJHWTUKTWTZWHZXYTRJWXFSIUWTHJXXNSLNYYTRJJYYMJNWJ]FHYXUJHNܪHFYNTSXJFWJYMJQJFINSLLQTGFQQJFKYTGFHHTXZUUQNJWFSIMF[J F UWJXJSHJ NS FQQ RFOTW ܫZJHZWJI GZWQJ^ IFWP FNWHZWJI FSI TWNJSYFQ YTGFHHT LWT\NSL WJLNTSX 4ZW 9TGFHHT4UJWFYNTSXUWTHZWJUWTHJXXUFHPXYTWJFSIXMNUYTGFHHTFQQT[JWYMJ\TWQIFX\JQQFXUJWKTWRWJQFYJIXJW[NHJX4ZWXYWFYJL^NXYTRF]NRN_JFSITUYNRN_JTZWYTGFHHTGZXNSJXX9TITXT\JUZWXZJTUUTWYZSNYNJXYTNSHWJFXJTZWXFQJX[TQZRJXFSIRFWPJYXMFWJJ]UFSIXJW[NHJXFHWTXXTZWHZXYTRJWXѣXZUUQ^HMFNSXUFWYNHNUFYJNSYMJJ[TQZYNTSTKSJ]YLJSJWFYNTSUWTIZHYXFSINRUWT[JTUJWFYNSLJKܪHNJSH^ PLANT-BASED INGREDIENTS 8NRNQFW YT TZW YTGFHHT GZXNSJXX TZW NSLWJINJSYX GZXNSJXX XTZWHJX WF\ RFYJWNFQX LQTGFQQ^ YT UWT[NIJ HZXYTRJWX\NYM F HTSXNXYJSY MNLMVZFQNY^ FSI XYFGQJ XZUUQ^ TK UQFSYGFXJI NSLWJINJSYX :SN[JWXFQ .SLWJINJSYX YWFSXKTWRX WF\RFYJWNFQX YMWTZLM F [FWNJY^ TK [FQZJFIIJI RFSZKFHYZWNSL UWTHJXXJX YT UWTIZHJ MNLMVZFQNY^ NSST[FYN[J XUJHNFQY^UQFSYGFXJI NSLWJINJSYX NSHQZINSL KWZNYX [JLJYFGQJX GTYFSNHFQ J]YWFHYX FSI ܫF[TWNSLX KTW HTSXZRJWUFHPFLJILTTIRFSZKFHYZWJWXWJYFNQJWXFSIKTTIFSIGJ[JWFLJHTRUFSNJX4ZWXYWFYJL^NXYTLWT\:SN[JWXFQ.SLWJINJSYXGTYMTWLFSNHFQQ^FSIYMWTZLMINXHNUQNSJIFHVZNXNYNTSXYTUWT[NIJHZXYTRJWX\NYMFXTQZYNTSXGFXJIUTWYKTQNTTK[FQZJFIIJIproduct offerings. OPERATIONS PER SHARE