Making food safe and available

In 2025, the global food and beverage industry continued to evolve. Consumption patterns shifted under economic pressure and evolving consumer preferences. Technological progress accelerated innovation, while increasing regionalisation reshaped supply chains. At the same time, food producers faced rising volatility in freight, energy costs and regulatory requirements. In this context, the long‑term value we deliver to our customers is built on quality. Because at Tetra Pak, quality means providing resilient and reliable food production systems that our customers can depend on. To make food safe and available, today and tomorrow.

Our 2025 performance reflected industry challenges. Total net sales were €12.4 billion, a 0.3% decline from the previous year, driven by reduced consumption in core categories across some larger markets. This resulted in a 1.6% decrease in Packaging Solutions. Our broader portfolio demonstrated strength, however. Processing Solutions grew 5.7%, and Services grew 4.7%.

In total, we delivered 174 billion carton packages, equivalent to more than 70 billion litres of safe food and beverages. I thank the people and partners who make this possible: Our customers for their continued trust, our suppliers for their expertise, and our employees for their relentless focus on delivering quality in everything we do. Thank you.

“For our customers, quality is more than reliable equipment or packaging. It means confidence in their entire food‑production system.”

Creating value with integrated food production

For our customers, quality is more than reliable equipment or packaging. It means confidence in their entire food‑production system. In 2025, we continued advancing our portfolio toward solutions that are more integrated, efficient and future-ready.

A major milestone was the launch of Tetra Pak® Factory OS™, our next‑generation automation and digitalisation platform designed to make factories AI ready. Built as an open, modular and scalable ecosystem, Tetra Pak® Factory OS™ connects equipment, data and processes across plants to deliver real‑time insights, increased efficiency and reduced waste. For customers facing rising costs and greater complexity, it provides a pathway to more agile, resilient and high‑performing operations.

We also accelerated development of our paper‑based barrier, taking steps toward creating the world’s most sustainable food package*. We introduced the world’s first juice packaging using this innovative barrier (following on from our previous introduction of it for milk in 2024). The combination of the paper-­based barrier with plant-based polymers in this package pushes the renewable content to a remarkable 92%, while reducing the carbon footprint by 43% compared with an aseptic package using aluminium foil and fossil-based polymers, as verified by the Carbon Trust**. These advances are supported by our continued investment in material development, including our recently announced new pilot facility in Lund, Sweden.

Our advanced services portfolio gained momentum. Tetra Pak was named Servitization Innovation Leader of the Year 2025 by ASG, recognising our leadership in outcome‑based models such as Plant Perform and Plant Secure. These agreements help customers improve efficiency, reduce variability and optimise resource use, while ensuring predictable performance.

Innovation progressed across our portfolio. We introduced high‑efficiency heat‑pump systems that electrify pasteurization and reduce energy use by up to 77%. We expanded our homo­genizer range, reducing energy consumption by up to 25% as well as lowering maintenance costs. We strengthened our capabilities through the acquisition of Bioreactors.net, enabling biomass and precision fermentation solutions for new food categories. Our Tetra Pak® Air Jet Cleaning System for Powder received the Food Manufacturing Innovation Award from Fi Europe.

As part of our strategy to innovate for customer growth, we also expanded our global capability network. We opened a new product development centre in Cholet, France, and a new food technology development centre in Karlshamn, Sweden. We also launched a new service for sunflower protein. All done to support formulation, concept testing and scale‑up for food producers worldwide.

Strengthening tomorrow’s food systems

Quality must also extend beyond individual operations to the broader systems that sustain global nutrition. In 2025, we accelerated efforts to support more secure and sustainable food systems, ensuring that safe food remains available to communities everywhere.

Our leadership was recognised across multiple external evaluations. For 2025, Tetra Pak achieved the highest EcoVadis sustainability rating, earning the Platinum medal. This placed us among the top 1% of over 130,000 companies assessed. We were recognised by CDP for continued transparency and action on environmental issues. Tetra Pak achieved an A- score for forests, marking ten consecutive years in CDP’s leadership band (A or A-), and an A- score for water security for the third year running. We also disclosed progress on climate change, receiving a B score. We were also honoured with the SEAL Environmental Initiatives Award 2025. These recognitions reflect our commitment to helping our customers lead the sustainability transformation of our industry, as well as our commitment to measurable progress.

Reducing climate impact across the value chain remained a priority. Last year, we reported a 25% reduction in total value chain greenhouse gas (GHG) emissions*** since 2019 and a 54% reduction in own operations GHG emissions,**** as well as 94% renewable electricity use in our own operations. These achievements keep us on track toward net‑zero operations by 2030 and reinforce our ambition of net‑zero value‑chain emissions by 2050.*****

We also contributed to strengthening value‑chain resilience. The launch of our Dairy Hub Handbook showcased our commitment to supporting local customers and collaborating with non-government organisations and international development aid agencies to build resilient dairy value chains.

Together, these actions reflect our belief that food systems must deliver safe, affordable nutrition while protecting natural resources.

Unlocking our full potential

Making food safe and available in a dynamic world requires empowered, capable and engaged people. In 2025, we continued investing in skills, our culture and ways of working that enable colleagues to perform at their best.

Our global Learning Conference offered employees new opportunities to build technical, leadership and other capabilities. Our volunteering programmes enabled colleagues to contribute meaningfully to communities around the world. We expanded the adoption of next‑generation digital tools, including the latest GPT‑5 powered iteration of Microsoft Copilot, to help teams work more productively, creatively and responsibly.

At the start of 2026 we also began the introduction of our next generation enterprise resource planning system, which will be the future foundation for how we work, adopt new technologies and deliver greater value to customers in the years ahead.

Internally our Excellence Awards continued to celebrate teams whose breakthroughs in innovation, operations and customer value set new standards of excellence, while externally Tetra Pak was named one of Europe’s Best Employers 2025 by the Financial Times.

Building a resilient future for long-term value

Looking ahead, we remain focused on building the next generation of food‑production systems that are more integrated, resource‑efficient and sustainable, while continuing to help our customers grow with their own new products. Our Strategy 2030 continues to guide this transformation, supporting long‑­term value creation as consumer expectations, technologies and operating conditions evolve.

We recognise that current global conditions demand greater focus and productivity. Lower structural growth, persistent inflation and rising investment needs, especially in transformations that create long‑term value for our customers, require disciplined choices and sharper execution.

As we move forward, therefore, our purpose to make food safe and available while protecting what’s good will continue to define our actions.

Adolfo Orive

“Looking ahead, we remain focused on building the next generation of food‑production systems that are more integrated, resource‑efficient and sustainable, while continuing to help our customers grow with their own new products.”