RMD Gross Profit Flash Report

Monthly & YTD Gross Profit Analysis

Domestic vs. Export Trade Types — January to September 2026

Excludes Domestic Rolls and Export Rolls (MBR). Basis: Posting Date.

Prepared October 2, 2026
YTD Combined GP
$5.68M
January to September 2026
YTD Domestic
$2.80M
49.3% of total
YTD Export
$2.88M
50.7% of total
Sep 2026 vs 9-mo avg
-9.4%
avg $631.3k/mo
MBR YTD GP
$2.10M
separate business line

YTD Highlights

Monthly Gross Profit Trend

Domestic vs. Export, by month

Domestic Export
Jan
$563.3k
Feb
$694.3k
Mar
$809.7k
Apr
$417.5k
May
$705.7k
Jun
$677.3k
Jul
$653.0k
Aug
$589.1k
Sep
$571.6k

Sep 2026 vs Aug 2026

  • Combined GP down $17.4k (-3.0%) vs Aug 2026.
  • Export down $110.2k; Domestic up $92.8k.
  • Volume down 10.4% to 32,517.6 MT: Export -23.9%, Domestic +20.5%.
  • Export profit/MT weakened to $9.88 from $11.88; Domestic improved to $28.72 from $26.20.
  • Gainers: McKinley Paper and Packaging Company (+$44.0k), Recycle Benelux B.V. (+$42.3k — out of top 20 despite #19 YTD), Cascades Recovery Inc (+$31.6k).
  • Decliners: XSD International Paper SDN. BHD. (-$97.1k — out of top 20 despite #2 YTD), Lucart SpA (-$24.1k), Sillverton Industries Limited (-$22.8k — out of top 20 despite #11 YTD).

Top Markets YTD

CountryGross Profit% of Total
US$2,524,36744.4%
MX$667,69411.8%
IN$547,2139.6%
MY$397,3997.0%
CO$394,9817.0%
KR$277,8334.9%
ID$223,7003.9%
TH$199,4213.5%
CA$133,1962.3%
NL$93,9711.7%

Market Gainers — MoM

MX
+$48.9k
NL
+$47.9k
US
+$37.7k
CA
+$15.3k
KR
+$9.4k

Market Decliners — MoM

MY
-$90.3k
IT
-$34.4k
IN
-$23.4k
TH
-$20.9k
AE
-$13.6k

Top 20 Customers — YTD (Domestic + Export)

at/above own YTD monthly average   below average

CustomerMTGross ProfitProfit/MT
McKinley Paper and Packaging Company12,663.7$664,228$52.45
XSD International Paper SDN. BHD.53,879$389,053$7.22
Cascades Recovery Inc22,855.7$361,017$15.80
INOX Solar Americas LLC4,971$312,854$62.94
Lucart SpA6,522$295,559$45.32
Marcal South LLC9,263.4$215,211$23.23
Colpapel Tissue SAS3,256.9$159,154$48.87
Colombiana Kimberly Colpapel S.A.S2,569.6$136,984$53.31
Packaging Corporation of America7,279.1$116,701$16.03
Siam Kraft Industry Co., Ltd13,024.9$114,053$8.76
Sillverton Industries Limited2,242.1$111,073$49.54
INTERNATIONAL PAPER CO2,244.9$102,809$45.80
PT. Fajar Surya Wisesa Tbk11,481.8$101,126$8.81
Global Impex, Inc.2,324.6$100,212$43.11
Blue Industrial Development Co., Ltd.3,388$90,227$26.63
PolyQuest Inc717.9$83,304$116.04
Seaman Paper Company of MA., Inc.594.3$78,978$132.90
Pt Buana Megah Paper Mills6,423.5$77,600$12.08
Recycle Benelux B.V.5,909.8$75,573$12.79
Cheng Loong Binh Duong Paper Co.Ltd.7,202.1$75,184$10.44

Top 20 Customers — Sep 2026

at/above own YTD monthly average   below average

CustomerMTGross ProfitProfit/MT
Cascades Recovery Inc3,503.4$76,898$21.95
McKinley Paper and Packaging Company1,572.6$59,073$37.56
INOX Solar Americas LLC635.4$43,827$68.97
Colpapel Tissue SAS800.8$30,645$38.27
Marcal South LLC769.8$25,128$32.64
Packaging Corporation of America1,161.8$21,694$18.67
America Chung Nam1,485.7$17,508$11.78
Om Sree Papertek Pvt. Ltd.868.3$16,080$18.52
The Paper Tigers, Inc. t/a Metropolitan Fiber, Inc.823$14,985$18.21
PolyQuest Inc111.5$14,749$132.28
Barnwell Tissue Solutions LLC156.3$14,628$93.59
Lucart SpA317.1$14,389$45.38
Graphic Packaging International, LLC172.4$12,698$73.65
Productos Familia S.A.285.6$11,664$40.84
Absormex CMPC Tissue, S.A de C.V. (Empresas)45.1$11,533$255.63
Dongwon Paper Co., Ltd.136.3$9,610$70.53
Tekni-Plex, Inc.209.3$9,499$45.38
GP Harmon Recycling LLC690.5$9,405$13.62
Papelera del Sur S.A.410.8$9,171$22.32
Century Paper & Board Mills Limited (PAK)791.4$8,677$10.96

Loss-Makers YTD

Beyond the bad-debt provision

CustomerMTGross ProfitProfit/MT
Cima Paper SPA0-$293,156n/a
Trio Legacy LLC23.5-$41,976$-1783.77
Cma-Cgm America, LLC0-$38,081n/a
Fantozzi Carta Da Macero SRL0-$36,078n/a
Tamil Nadu Newsprint & Papers Ltd (TNPL) UNIT I822.2-$32,904$-40.02
PT Bumi Waringin Tirtakencana0-$26,244n/a
Mediterranean Shipping Company0-$21,130n/a
Union Pacific Railroad Company0-$20,523n/a

Claims Reserve — Sep 2026

Total -$42,089 across 37 customers

CustomerClaims Reserve
XSD International Paper SDN. BHD.-$17,341
Cycle Link Usa Inc-$10,436
B&B Triplewall Containers Ltd.-$6,880
Pt Buana Megah Paper Mills-$5,000
Sabarmati Papers Pvt Limited-$4,339
Om Sree Papertek Pvt. Ltd.-$3,341
The South India Paper Mills Ltd-$3,109
Deevyashakti India Private Limited-$2,900
PT Adiprima Suraprinta-$2,869
Gurukrupa Krafts Pvt Ltd.-$2,800
Sillverton Industries Limited-$2,120
Cheng Loong Binh Duong Paper Co.Ltd.-$1,748
B.V. Handelmaatschappij V/H W.J. Stoelman-$1,697
Invevni LLC-$1,215
Global Link & Supplies, Inc-$1,211
Sezon Papers Pvt L.T.D.-$1,133
McKinley Paper and Packaging Company-$1,052
Jodhani Papers Private Limited-$1,000
Productos Familia S.A.-$710
Supreme Kraft Pvt Ltd-$650

MBR — Monthly Gross Profit

Rolls trade (Domestic-Rolls + Export-Rolls) — separate business line, not included in Domestic/Export figures above

MonthGross ProfitMT
Jan 2026$164,9183,602.7
Feb 2026$192,5154,181.7
Mar 2026$286,6214,542
Apr 2026$245,9174,168.1
May 2026$246,8096,084
Jun 2026$325,1034,809.8
Jul 2026$236,7463,914.8
Aug 2026$221,5354,223.1
Sep 2026$181,0983,239.6
Notes