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Building on excellent broad-based momentum in the international smoke-free business and 16% adjusted diluted EPS growth in Q1, we are well positioned to continue delivering best-in-class performance in 2026." Jacek Olczak, Group CEO, PMI Q1 FY26: - Net Revenue: $10,146m (OSG: +2.7%) - Gross Profit Margin: 68.1% (+380 bps vs Q1 2025) - Adj

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Harm reduction is not equivalent to or better than stopping the original behavior, as it does not eliminate risk of harm, but it is better than continuing the original behavior

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