Philip Morris Leans Into Smoke-Free to Fuel Growth

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Philip Morris International is increasingly relying on its smoke-free products, such as Zyn nicotine pouches, to drive growth. These products accounted for approximately 42% of the company’s revenue last year, totaling nearly $17 billion. The smoke-free division’s profitability has also significantly increased, roughly doubling over the past five years and comprising about 43% of the company’s net profit in 2025.

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