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This underscores the company's strategic shift towards a smoke-free future, as articulated by CEO Jacek Olczak , who noted these results "reflect excellent momentum in our multicategory smoke-free business." Within the smoke-free portfolio, inhalable smoke-free products, primarily centered on IQOS, exceeded $3 billion in quarterly net revenues

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While combustible tobacco products remain a major revenue source, the industry is pivoting toward reduced-risk products (RRPs) such as heated tobacco products (HTPs) and oral nicotine pouches

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