American international storage and distribution company
Pyxus International, Inc. is an international storage, sales, distribution company and is a publicly held independent leaf tobacco merchant. The company generates revenue primarily by selling leaf tobacco and relevant processing fees charged from tobacco manufacturers worldwide. As of 2014, the company’s enterprise value is $1.27 billion.3 Its shares trade on OTC under the symbol PYYX.1Wikipedia text CC BY-SA 4.0
Pyxus International, Inc. is an international storage, sales, distribution company and is a publicly held independent leaf tobacco merchant. The company generates revenue primarily by selling leaf tobacco and relevant processing fees charged from tobacco manufacturers worldwide. As of 2014, the company’s enterprise value is $1.27 billion. The company operates more than 50 manufacturing facilities worldwide. Its customer base include tobacco manufacturers in United Kingdom, Japan, China, U.S., Southeast of Asia region and elsewhere.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue8910114$2.4B in 2026+34% since 2019Gross profit8910114$347.7M in 2026+39% since 2019Operating income8910114$162.7M in 2026+86% since 2019Net income910114$14.6M in 2026
Revenue1213$437.8M in Q1 FY2026−33% since Q3 FY2025Gross profit1213$61.4M in Q1 FY2026−39% since Q3 FY2025Operating income1213$15.7M in Q1 FY2026−69% since Q3 FY2025Net income12413-$7.3M in Q1 FY2026
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
Period ending
2026-03-31
2025-03-31
2024-03-31
Sales and other operating revenues
$2.4B
$2.5B
$2.0B
Cost of goods and services sold
$2.1B
$2.1B
$1.7B
Gross profit
$347.7M
$343.0M
$312.3M
Selling, general, and administrative expenses
$162.9M
$171.0M
$160.9M
Other expense, net
$19.2M
$16.4M
$9.4M
Restructuring and asset impairment charges
$2.9M
$2.3M
$4.8M
Operating income
$162.7M
$153.3M
$137.2M
Gain on debt retirement
$0
$8.2M
$15.9M
(Gain) loss on pension settlement
$283.0K
$0
-$12.0M
Interest expense, net
$134.4M
$128.0M
$125.6M
Income before income taxes and other items
$28.6M
$33.5M
$15.5M
Income tax expense
$30.3M
$25.1M
$27.3M
Income from unconsolidated affiliates, net
$17.4M
$8.1M
$15.0M
Net income
$15.7M
$16.5M
$3.2M
Net income attributable to noncontrolling interests
$1.1M
$1.4M
$521.0K
Net income attributable to Pyxus International, Inc.
$14.6M
$15.2M
$2.7M
Basic (in USD per share)
$0.56
$0.59
$0.11
Diluted (in USD per share)
$0.56
$0.59
$0.11
Basic (shares)
25.8M shares
25.6M shares
25.0M shares
Diluted (shares)
26.0M shares
25.7M shares
25.0M shares
No quarter-by-quarter statement was filed.
Total assets891410114$1.7B in 2026−9% since 2019Total liabilities1591410114$1.5B in 2026−9% since 2019Shareholders’ equity910114$174.5M in 2026+90% since 2019Cash910114$134.3M in 2026−30% since 2019Long-term debt1591410114$455.8M in 2026−49% since 2019
Total assets1213$2.0B in Q1 FY2026+5% since Q3 FY2025Total liabilities1213$1.8B in Q1 FY2026+5% since Q3 FY2025Shareholders’ equity1213$168.0M in Q1 FY2026+4% since Q3 FY2025Cash1213$175.9M in Q1 FY2026+35% since Q3 FY2025Long-term debt1213$456.0M in Q1 FY2026+0% since Q3 FY2025
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 13 quarters (quarterly), latest first.4
Period ending
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
Cash and cash equivalents at beginning of period
$134.3M
$78.3M
Restricted cash
$3.3M
$7.3M
Trade receivables, net
$239.5M
$189.2M
Other receivables
$25.5M
$15.0M
Inventories, net
$818.0M
$762.0M
Advances to suppliers, net
$36.3M
$30.7M
Recoverable income taxes
$2.9M
$6.6M
Prepaid expenses
$49.0M
$47.2M
Other current assets
$21.8M
$21.9M
Total current assets
$1.3B
$1.2B
Investments in unconsolidated affiliates
$105.9M
$96.9M
Intangible assets, net
$24.1M
$28.5M
Deferred income taxes, net
$14.5M
$13.6M
Long-term recoverable income taxes
$9.5M
$5.7M
Other noncurrent assets
$35.4M
$33.1M
Right-of-use assets
$31.7M
$29.7M
Property, plant, and equipment, net
$143.2M
$138.2M
Total assets
$1.7B
$1.5B
Notes payable
$477.1M
$395.0M
Accounts payable
$146.8M
$132.9M
Advances from customers
$175.0M
$135.6M
Accrued expenses and other current liabilities
$114.8M
$90.9M
Income taxes payable
$9.1M
$11.0M
Operating leases payable
$9.9M
$8.5M
Current portion of long-term debt
$0
$12.0K
Total current liabilities
$932.8M
$773.9M
Long-term taxes payable
$4.1M
$5.2M
Long-term debt
$455.8M
$454.9M
Deferred income taxes
$12.0M
$8.8M
Liability for unrecognized tax benefits
$28.1M
$18.6M
Long-term leases
$21.0M
$19.6M
Pension, postretirement, and other long-term liabilities
$59.9M
$57.1M
Total liabilities
$1.5B
$1.3B
Common Stockno par value: Authorized shares (250,000 for all periods) Issued shares (25,000 for all periods)
$393.9M
$392.9M
Retained deficit
-$225.6M
-$240.1M
Accumulated other comprehensive income
$6.1M
$7.3M
Total stockholders equity
$174.5M
$160.1M
Noncontrolling interests
$6.6M
$5.7M
Total stockholders equity
$181.1M
$167.6M
$152.0M
$154.2M
$165.8M
Total liabilities and stockholders equity
$1.7B
$1.5B
Common stock, no par value (in USD per share)
$0
$0
Common stock authorized (in shares)
250.0M shares
250.0M shares
Common stock issued (in shares)
24.6M shares
24.6M shares
Common stock outstanding (in shares)
24.6M shares
24.6M shares
Period ending
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
2023-03-31
Cash and cash equivalents at beginning of period
$134.3M
$78.3M
$92.6M
$136.7M
Restricted cash
$3.3M
$7.3M
Trade receivables, net
$239.5M
$189.2M
Other receivables
$25.5M
$15.0M
Inventories, net
$818.0M
$762.0M
Advances to suppliers, net
$36.3M
$30.7M
Recoverable income taxes
$2.9M
$6.6M
Prepaid expenses
$49.0M
$47.2M
Other current assets
$21.8M
$21.9M
Total current assets
$1.3B
$1.2B
Investments in unconsolidated affiliates
$105.9M
$96.9M
Intangible assets, net
$24.1M
$28.5M
Deferred income taxes, net
$14.5M
$13.6M
Long-term recoverable income taxes
$9.5M
$5.7M
Other noncurrent assets
$35.4M
$33.1M
Right-of-use assets
$31.7M
$29.7M
Property, plant, and equipment, net
$143.2M
$138.2M
Total assets
$1.7B
$1.5B
Notes payable
$477.1M
$395.0M
Accounts payable
$146.8M
$132.9M
Advances from customers
$175.0M
$135.6M
Accrued expenses and other current liabilities
$114.8M
$90.9M
Income taxes payable
$9.1M
$11.0M
Operating leases payable
$9.9M
$8.5M
Current portion of long-term debt
$0
$12.0K
Total current liabilities
$932.8M
$773.9M
Long-term taxes payable
$4.1M
$5.2M
Long-term debt
$455.8M
$454.9M
Deferred income taxes
$12.0M
$8.8M
Liability for unrecognized tax benefits
$28.1M
$18.6M
Long-term leases
$21.0M
$19.6M
Pension, postretirement, and other long-term liabilities
$59.9M
$57.1M
Total liabilities
$1.5B
$1.3B
Common Stockno par value: Authorized shares (250,000 for all periods) Issued shares (25,000 for all periods)
$393.9M
$392.9M
Retained deficit
-$225.6M
-$240.1M
Accumulated other comprehensive income
$6.1M
$7.3M
Total stockholders equity
$174.5M
$160.1M
Noncontrolling interests
$6.6M
$5.7M
Total stockholders equity
$181.1M
$167.6M
$152.0M
$154.2M
$165.8M
$167.0M
$150.8M
$153.1M
$146.8M
$157.7M
$150.0M
$144.2M
$141.8M
Total liabilities and stockholders equity
$1.7B
$1.5B
Common stock, no par value (in USD per share)
$0
$0
Common stock authorized (in shares)
250.0M shares
250.0M shares
Common stock issued (in shares)
24.6M shares
24.6M shares
Common stock outstanding (in shares)
24.6M shares
24.6M shares
Cash from operations8910114-$208.5M in 2026−16% since 2019Capital spending8910114$22.1M in 2026−54% since 2019Free cash flow8910114-$230.5M in 2026−22% since 2019Share buybacks8$0 in 2020
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
Period ending
2026-03-31
2025-03-31
2024-03-31
Net income
$15.7M
$16.5M
$3.2M
Depreciation and amortization
$20.9M
$20.3M
$19.2M
Debt amortization/interest
$10.6M
$11.2M
$8.6M
Gain on debt retirement
$0
-$8.2M
-$15.9M
Loss on foreign currency transactions
$6.6M
$4.9M
$4.0M
(Gain) loss on pension settlement
-$283.0K
$0
$12.0M
Equity-based compensation
$1.0M
$4.1M
$0
Income from unconsolidated affiliates, net of dividends
-$8.9M
$4.3M
-$506.0K
Trade and other receivables
-$254.9M
-$208.4M
-$167.6M
Inventories and advances to suppliers
-$60.4M
$156.3M
-$136.0M
Deferred items
$11.5M
$1.1M
$3.2M
Recoverable income taxes
-$1.5M
-$4.7M
-$2.7M
Payables and accrued expenses
$31.5M
-$49.2M
$17.5M
Advances from customers
$34.8M
$45.9M
$55.3M
Prepaid expenses
-$1.6M
$8.9M
-$4.5M
Income taxes
-$2.2M
$2.7M
-$8.2M
Other operating assets and liabilities
-$1.2M
-$8.4M
$4.1M
Other, net
-$10.0M
-$10.9M
-$6.7M
Net cash used in operating activities
-$208.5M
-$13.4M
-$215.0M
Purchases of property, plant, and equipment
-$22.1M
-$23.0M
-$21.0M
Proceeds from sale of property, plant, and equipment
$5.2M
$3.8M
$4.3M
Collections from beneficial interests in securitized trade receivables
$200.7M
$188.3M
$175.9M
Other, net
$7.6M
$1.6M
$269.0K
Net cash provided by investing activities
$191.4M
$170.6M
$159.4M
Net proceeds (repayments) from short-term borrowings
$77.3M
-$102.5M
$122.5M
Proceeds from revolving loan facilities
$281.0M
$363.0M
$331.0M
Repayment of revolving loan facilities
-$281.0M
-$363.0M
-$356.0M
Repayment of long-term borrowings
$0
-$55.8M
-$60.3M
Debt issuance costs
-$5.3M
-$9.1M
-$11.8M
Other, net
$580.0K
$217.0K
$171.0K
Net cash provided by (used in) financing activities
$72.5M
-$167.3M
$25.6M
Effect of exchange rate changes on cash
-$3.4M
-$4.2M
-$9.2M
Increase (decrease) in cash, cash equivalents, and restricted cash
$52.1M
-$14.2M
-$39.1M
Cash paid for income taxes, net
$20.4M
$31.1M
$22.5M
Cash paid for income taxes related to debt exchange
$0
$0
$12.5M
Cash paid for interest, net
$119.5M
$115.0M
$109.5M
Noncash amounts obtained as a beneficial interest in exchange for transferring trade receivables in a securitization transaction
Alliance One International sits at the top of its group. 25 entities, 19 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Alliance One International
CI INVESTMENTS INC.Filed SC 13G/A on Alliance One International, latest Nov 13, 2024 (4 filings since Feb 10, 2022)
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Alliance One International reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Our corporate headquarters are leased and located in Morrisville, North Carolina. We operate our leaf tobacco processing facilities for seven to nine months per year corresponding with the applicable harvesting seasons. We continually compare our production capacity and organization with the transitions occurring in global sourcing of tobacco. We believe our domestic production facilities and certain foreign production facilities have the capacity to process additional volumes of tobacco if required by customer demand. The following is a listing of the principal physical properties owned or leased that are material to our leaf tobacco operations as of March 31, 2026:
Location · Use · Owned or Leased
The rest of Item 2
North America
Wilson, North Carolina, USA · Factory / Storage · Owned
Farmville, North Carolina, USA · Storage · Owned
South America
Venancio Aires, Brazil · Factory / Storage · Owned
El Carril, Argentina · Storage · Owned
Europe
Kavadarci, North Macedonia · Factory / Storage · Leased
Alliance One International was established in 2005, as a result of the corporate merger between Dimon Incorporated and Standard Commercial Corporation. The company changed its name to Pyxus International in 2018.
Dimon was founded in 1995, and later in 1997 it acquired Intabex Holdings Worldwide, which was the world's fourth-largest leaf merchant at the time. The company’s acquisition of Intabex was considered as the biggest one of that kind in the leaf history.
Standard Commercial Corporation, established in 1910, operated tobacco leaf business in Mediterranean area. It was the third-largest leaf merchant of the world prior to the merger with Dimon.
On June 15, 2020, Pyxus International Inc. filed for chapter 11 bankruptcy. The company's debtors emerged from bankruptcy on August 24, 2020.
In December 2013, the company announced the expiration of its offer to exchange up to $735 million of 9.875% Senior Secured Second Lien Notes due 2021.
On February 8, 2018, the company announced investments in two Canadian cannabis growers and a United States-based hemp producer.
In 2010 Alliance One pleaded guilty to paying bribes to government officials, as well as ancillary violations of the U.S. Foreign Corrupt Practices Act (FCPA), through two foreign subsidiaries of the predecessor firms before the merger. Alliance One agreed to pay criminal penalties totaling $9.5 million and to retain independent monitors for a period of three years, and simultaneously settled a parallel civil complaint filed by the U.S. Securities and Exchange Commission (SEC), disgorging $10 million in profits. The civil case additionally included internal controls violations.
Thailand
Thai sales agents employed by Dimon and Standard subsidiaries based in Switzerland and Brazil, respectively, had paid bribes totaling $1.9 million to officials of the Tobacco Authority of Thailand in order to secure sales contracts. The bribes had been coordinated among Dimon, Standard and a third competitor, Universal Corporation. The illicit payments flowed from 2000 to 2004, at which point the corporation
Kyrgyzstan
A Kyrgyz subsidiary of Dimon had paid bribes to officials in the tobacco control agency, state government akims, and tax authorities.
Kenya
When the Kenyan subsidiary was restructured and the majority of management replaced in 2015, Pyxus discovered that material weaknesses and management override of controls led to recording of fictitious sales and an aggregate $39 million overstatement inventory, receivables and other assets. This violated filing and record keeping requirements of section 13 of the Securities Exchange Act. Through an administrative proceeding, the SEC ordered the company to stop violating these requirements.
Jun 10, 2025Reported quarterly or annual results89
Feb 12, 2025Reported quarterly or annual results93
Nov 12, 2024Reported quarterly or annual results94
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
151 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 48 major events, 58 insider forms, 13 large holders, 12 other. The latest 20:
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
Year
Executive
Age
Salary
Total pay
2026
J. Pieter SikkelPresident, Chief Executive Officer
How Alliance One International is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
The risks Alliance One International names in Item 1A of its 10-K filed Jun 4, 2026: 38 risks under these headings, as written.16
Risks Related to Our Indebtedness
We may not be able to refinance or renew our indebtedness or be able to borrow under our ABL credit facility or other future credit facilities, which may have a material adverse effect on our financial condition.
We may not continue to have access to the capital markets to obtain long-term and short-term financing on acceptable terms and conditions.
We require a significant amount of cash to service our indebtedness, and our ability to generate cash depends on many factors beyond our control.
We have substantial debt which may adversely affect us by limiting future sources of financing, interfering with our ability to pay interest and principal on our indebtedness, and subjecting us to additional risks.
Despite current indebtedness levels, we may incur additional debt, which could increase the risks associated with our significant leverage.
Risks Related to Our Leaf Tobacco Operations
Our reliance on a small number of significant customers may adversely affect our financial results.
Vertical integration by our customers could materially adversely affect our financial performance.
Shifts in customer requirements for sourcing tobacco could negatively affect our organizational structure, asset base, and results of operations, including shifts resulting from the imposition of tariffs.
Our financial results will vary according to growing season conditions, customer indications, and other factors, which significantly impacts our ability to forecast our quarterly and annual financial performance.
Loss of confidence in us by our customers and suppliers may have a material adverse impact on our business, financial condition, results of operations, and cash flows.
The other 28 risks
Suppliers who have historically grown tobacco may elect to grow other crops instead of tobacco, which could affect the global supply of tobacco and impact our financial performance.
Our advancement of inputs to tobacco suppliers could expose us to losses.
When we purchase tobacco directly from suppliers, we bear the risk that the tobacco will not meet our customers’ quality and quantity requirements.
Weather and other conditions can affect the marketability of our inventory, and climate change may adversely alter weather patterns in tobacco-growing regions.
Competition could erode our earnings.
Continued high inflation may adversely affect our profitability and the demand for our leaf tobacco products.
Risks Related to Our Financial Condition and Capital Structure
We may be unable to continue to access short-term operating credit lines to fund local operations on terms that are acceptable or at all.
We may not be able to achieve our stated goals, which may adversely affect our liquidity.
Failure of foreign banks in which our subsidiaries deposit funds or the failure of those foreign banks to transfer funds or honor withdrawals, may affect our results of operations.
Developments with respect to our liquidity needs and sources of liquidity could result in a deficiency in liquidity.
Derivative transactions may expose us to potential losses and counterparty risk.
Risks Related to the Scope of Our International Operations
We face increased risks of doing business due to the extent of our international operations.
We face risks related to global conflicts, which could significantly disrupt our operations and access to capital.
We are subject to the Foreign Corrupt Practices Act (the "FCPA"), and we operate in jurisdictions that pose a high risk of potential FCPA violations.
Changes in tax laws or challenges to our tax positions pursuant to ongoing tax audits could adversely affect our business.
Fluctuations in foreign currency exchange and interest rates could adversely affect our results of operations.
Risks Related to Other Aspects of Our Operations
We rely on internally and externally hosted information technology systems and disruption, failure, or security breaches of these systems could adversely affect our business.
We cannot assure you that material weaknesses in our internal control over financial reporting ("ICFR") will not be identified in the future.
Regulations regarding environmental matters may substantially increase our costs and expose us to potential liability.
We are subject to changing sustainability regulatory requirements and expectations, which exposes us to increased costs and legal and reputational risks.
Our joint venture manufactures and supplies e-liquid and consumable nicotine-related products, which inherently carry the risk of exposure to product liability claims, regulatory action, and litigation in the event such products are alleged to have caused injury, harm, or death, and the Company and our related joint venture could be affected by such actions through reputational impact or claims alleging that our supplied materials contributed to the alleged harm.
Risks Related to the Ownership of Our Common Stock
Certain shareholders have the ability to exercise controlling influence on various corporate matters.
The price of our common stock may be negatively impacted by factors that are unrelated to our operations.
Risks Related to the Tobacco Industry
Reductions in demand for cigarettes and other consumer tobacco products could adversely affect our results of operations.
Legislation, regulatory, and other governmental initiatives could impose burdensome restrictions on the tobacco industry and reduce consumption of consumer tobacco products and demand for our services.
The impact of potential regulations to prohibit the sale of cigarettes in the U.S., other than low-nicotine cigarettes, if they are adopted and become effective, is uncertain, but they could materially adversely affect our business, results of operations, and financial condition.
Government actions can have a significant effect on the sourcing of tobacco. If some of the current efforts are successful, we could have difficulty obtaining sufficient tobacco to meet our customers’ requirements, which could have an adverse effect on our performance and results of operations.
Certain of our predecessor companies have been subject to governmental investigations into, and litigation concerning, leaf tobacco industry buying and other payment practices.
Legal proceedings
See "Note 22. Contingencies and Other Information" to the "Notes to Consolidated Financial Statements" for additional information with respect to legal proceedings, which is incorporated by reference herein.
