Philip Morris International Inc. reported its third-quarter 2025 results, with its smoke-free business accounting for 41% of total net revenues, an increase of 2.9 percentage points compared to the same period last year. Smoke-free gross profit represented over 42% of total gross profit, up by 2.5 percentage points year-on-year. Shipment volumes for smoke-free products rose by 16.6%, while net revenues from this segment grew by 17.7% (13.9% organically). Gross profit from smoke-free products increased by 19.5% (14.8% organically). Smoke-free products are now available in 100 markets, with nearly half offering at least two of the company's three main brands. As of June 30, 2025, over 41 million legal-age consumers were estimated to use these products.