Pyxus International, Inc. is a global agricultural company specializing in responsible sourcing and processing of leaf tobacco, with a strong focus on sustainability, traceability, and serving major tobacco manufacturers worldwide.

# Company Summary of Pyxus International, Inc.

## Overview
- **Type:** Global agricultural company
- **Experience:** Over 150 years in delivering value-added products and services
- **Core Business:** Responsible sourcing, independent verification, sustainability, and traceability of products, primarily **leaf tobacco**

## Business Segments
- **Reportable Segment:** Leaf
- **All Other Revenue:** Non-tobacco agricultural products (less than 1% of total revenue)

## Operations & Products
- **Main Focus:** Processing and sale of **leaf tobacco**, including:
  - **Crop types:** Flue-cured, burley, oriental tobacco
  - **Operations globally:** Purchased on five continents, shipped worldwide
  - **Services:** Processing tobacco to meet customer specifications (quality, yield, chemistry, etc.)
  - **Supply Chain Transparency:** Proprietary "SENTRI®" "track and trace" platform tracking lifecycle from farm to customer.
- **Customer Base:** Major tobacco product manufacturers, with significant customers including:
  - Philip Morris International Inc.
  - China National Tobacco Corporation
  - Japan Tobacco International
- **Geographic Customer Distribution (2025):**
  - Africa: 20%
  - Asia: 35%
  - Europe: 30%
  - Others: Remaining regions

## Employees & Market
- **Employees:** Approximately **3,100** (excluding seasonal workers)
- **Shares Outstanding:** **24,607,791** as of May 31, 2025
- **Market Capitalization (as of September 30, 2024):** Approx. **$29.5 million** (based on OTC Pink Marketplace closing price)

## Financial Highlights (Year Ended March 31, 2025)
- **Total Revenue:** $2,481.3 million
- **Net Income:** $15.2 million
- **Gross Profit:** $343.0 million
- **Segment Revenue (Leaf):** $2,335.1 million
- **Kilo Sales:** 383.4 million kilos (up 3.4% from previous year)
- **Average Price/Kilo:** $6.09 (up 18.0%)
- **Assets:** $1.5038 billion
- **Liabilities:** $1.3381 billion

## Key Operations & Facilities
- **Processing Facilities:** Owned or leased in North America, South America, Europe, Africa, and Asia
  - **Locations include:** North Carolina (Wilson, Farmville), Brazil (Venancio Aires, Ararangua), Argentina (El Carril), North Macedonia (Kavadarci), Jordan (Aqaba), Malawi (Lilongwe), Tanzania (Morogoro), Zimbabwe (Harare), Indonesia (Ngoro)
- **Seasonality:** Operations peak during specific harvesting periods depending on geographic region

## Other Business Interests
- **Non-tobacco Agriculture:** Less than 1% of revenue
- **Technologies:** Proprietary "SENTRI®" platform for traceability
- **Regulations:** Subject to tobacco-specific and international regulation, with a focus on sustainable and responsible sourcing

---

*Note:* This summary is based solely on the provided document and includes specific figures, operational details, and geographic scope without assumptions or hypothetical projections.

Pyxus International, Inc. is a leading global merchant and processor of leaf tobacco, with over 150 years of industry experience and a strong footprint in diverse markets worldwide.

# Pyxus International, Inc. Overview

## Company Profile
- **Name**: Pyxus International, Inc.
- **Industry**: Agriculture, primarily focused on leaf tobacco
- **Established**: Over 150 years of experience

## Business Model
- **Primary Segment**: Leaf Tobacco
- **Product Offerings**: 
  - Processed leaf tobacco
  - Processing and related services for manufacturers of tobacco products

## Operations
- **Geographic Reach**: Operates globally and sources tobacco from five continents, including areas in Africa, Asia, North America, and South America.
- **Purchasing Model**: Tobacco is primarily purchased directly from suppliers. The company assumes risks related to crop quality and quantity.
- **Processing Facilities**: Maintains processing facilities in several countries, including the USA, Brazil, China, and Zimbabwe, with consideration for local supply chains and customer proximity.
  
### Key Operations Features
- **Agronomic Support**: Frequent interaction with suppliers and agronomists to improve crop quality and yield.
- **Track and Trace Technology**: Utilizes proprietary SENTRI® platform for transparency in the supply chain.
- **Customer Base**: Major consumer tobacco product manufacturers, with significant portions of revenue derived from a small number of large clients.

## Financial Information (As of March 31, 2024)
- **Employees**: Approximately 3,000 (excluding seasonal workers)
- **Revenue Sources**:
  - Primarily derived from leaf tobacco operations
  - Additional revenue from e-liquids and non-tobacco agriculture products, although these represent less than 1% of consolidated revenues.
- **Key Customers**: Major revenue contributors include:
  - Philip Morris International Inc.
  - China National Tobacco Corporation
  - Japan Tobacco International
- **Sales Distribution**:
  - Approximately 18% in Africa
  - Approximately 36% in Asia
  - Approximately 31% in Europe

## Market and Competitive Landscape
- **Competition**: Pyxus is one of only two publicly held global leaf tobacco merchants, competing based on price, product specifications, and compliance with regulations.
- **Challenges**: Faces potential reduction in demand due to industry shifts towards smoke-free products, regulatory pressures, and increasing competition from local suppliers.

## Seasonal Dynamics
- **Seasonality**: Tobacco purchasing and processing is seasonal, with peak activity depending on geographic location, impacting working capital and inventory levels.

## Key Metrics
- **Global Sourcing**: Majority of purchases from Africa (33%), Asia (19%), South America (28%)
- **Financial Reporting**: Includes a combination of revenues from leaf tobacco and other ancillary products.

Overall, Pyxus International, Inc. is a significant player in the leaf tobacco industry, engaging in the procurement, processing, and distribution of tobacco while navigating complex market dynamics, regulatory challenges, and shifting consumer preferences.

PYXUS INTERNATIONAL, INC.

10-K / June 10, 2025

10-K / June 6, 2024

10-K / June 10, 2025

Company Summary of Pyxus International, Inc.

Overview

Business Segments

Operations & Products

Employees & Market

Financial Highlights (Year Ended March 31, 2025)

Key Operations & Facilities

Other Business Interests