Question:
You are tasked with answering the user's question using the provided context, which includes financial statements (Income Statements, Balance Sheets, and Cash Flow Statements) and financial news articles in multiple languages (English, Chinese, Japanese, Spanish, and Greek). Please provide a detailed and well-supported answer based on the information available. Limit your response to 100 words or fewer. If you cannot answer the question or if no relevant evidence is found, write “None”.

Answer Format:
Answer: {Answer using the financial statement.}
News Evidence: {Verify your answer using quote(s) from the financial news. Write “None” if no news evidence is available.}
Context:
Financial Statements:
| Column 1                                              | Column 2   | Column 3     | Column 4   | Column 5     | Column 6   | Column 7   | Column 8   | Column 9   | Column 10   | Column 11   | Column 12   | Column 13   | Column 14   | Column 15   | Column 16   | Column 17   | Column 18   | Column 19   | Column 20   | Column 21   |
|:------------------------------------------------------|:-----------|:-------------|:-----------|:-------------|:-----------|:-----------|:-----------|:-----------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|
|                                                       |            |              |            |              |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                       |            | December 31, |            | December 31, |            | March 31,  |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                       |            | 2024         |            | 2023         |            | 2024       |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                       |            | (Unaudited)  |            | (Unaudited)  |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| ASSETS                                                |            |              |            |              |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Current assets                                        |            |              |            |              |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Cash and cash equivalents                             |            | $            | 215,108    |              |            | $          | 74,102     |            |             | $           | 55,593      |             |             |             |             |             |             |             |             |             |
| Accounts receivable, net                              |            | 650,021      |            |              | 435,306    |            |            | 525,262    |             |             |             |             |             |             |             |             |             |             |             |             |
| Advances to suppliers, net                            |            | 156,108      |            |              | 159,481    |            |            | 139,064    |             |             |             |             |             |             |             |             |             |             |             |             |
| Accounts receivable—unconsolidated affiliates         |            | 578          |            |              | 33,109     |            |            | 5,385      |             |             |             |             |             |             |             |             |             |             |             |             |
| Inventories—at lower of cost or net realizable value: |            |              |            |              |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Tobacco                                               |            | 924,684      |            |              | 1,009,030  |            |            | 1,070,580  |             |             |             |             |             |             |             |             |             |             |             |             |
| Other                                                 |            | 189,663      |            |              | 196,246    |            |            | 193,518    |             |             |             |             |             |             |             |             |             |             |             |             |
| Prepaid income taxes                                  |            | 10,930       |            |              | 18,304     |            |            | 19,484     |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                       |            |              |            |              |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Other current assets                                  |            | 68,553       |            |              | 88,051     |            |            | 93,655     |             |             |             |             |             |             |             |             |             |             |             |             |
| Total current assets                                  |            | 2,215,645    |            |              | 2,013,629  |            |            | 2,102,541  |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                       |            |              |            |              |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Property, plant and equipment                         |            |              |            |              |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Land                                                  |            | 26,081       |            |              | 26,516     |            |            | 26,244     |             |             |             |             |             |             |             |             |             |             |             |             |
| Buildings                                             |            | 327,376      |            |              | 319,740    |            |            | 323,969    |             |             |             |             |             |             |             |             |             |             |             |             |
| Machinery and equipment                               |            | 709,840      |            |              | 720,816    |            |            | 693,868    |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                       |            | 1,063,297    |            |              | 1,067,072  |            |            | 1,044,081  |             |             |             |             |             |             |             |             |             |             |             |             |
| Less accumulated depreciation                         |            | (689,445)    |            |              | (706,642)  |            |            | (678,201)  |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                       |            | 373,852      |            |              | 360,430    |            |            | 365,880    |             |             |             |             |             |             |             |             |             |             |             |             |
| Other assets                                          |            |              |            |              |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Operating lease right-of-use assets                   |            | 33,982       |            |              | 34,913     |            |            | 32,510     |             |             |             |             |             |             |             |             |             |             |             |             |
| Goodwill, net                                         |            | 213,819      |            |              | 213,891    |            |            | 213,869    |             |             |             |             |             |             |             |             |             |             |             |             |
| Other intangibles, net                                |            | 60,444       |            |              | 71,697     |            |            | 68,883     |             |             |             |             |             |             |             |             |             |             |             |             |
| Investments in unconsolidated affiliates              |            | 70,351       |            |              | 75,335     |            |            | 76,289     |             |             |             |             |             |             |             |             |             |             |             |             |
| Deferred income taxes                                 |            | 17,517       |            |              | 14,855     |            |            | 15,181     |             |             |             |             |             |             |             |             |             |             |             |             |
| Pension asset                                         |            | 12,511       |            |              | 11,586     |            |            | 11,857     |             |             |             |             |             |             |             |             |             |             |             |             |
| Other noncurrent assets                               |            | 42,298       |            |              | 37,538     |            |            | 50,229     |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                       |            | 450,922      |            |              | 459,815    |            |            | 468,818    |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                       |            |              |            |              |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Total assets                                          |            | $            | 3,040,419  |              |            | $          | 2,833,874  |            |             | $           | 2,937,239   |             |             |             |             |             |             |             |             |             |

---

| Column 1                                                                                | Column 2   | Column 3     | Column 4   | Column 5     | Column 6   | Column 7   | Column 8   | Column 9   | Column 10   | Column 11   | Column 12   | Column 13   | Column 14   | Column 15   | Column 16   | Column 17   | Column 18   | Column 19   | Column 20   | Column 21   |
|:------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:-----------|:-------------|:-----------|:-------------|:-----------|:-----------|:-----------|:-----------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|
|                                                                                |            |              |            |              |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                |            | December 31, |            | December 31, |            | March 31,  |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                |            | 2024         |            | 2023         |            | 2024       |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                |            | (Unaudited)  |            | (Unaudited)  |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| LIABILITIES AND SHAREHOLDERS’ EQUITY                                                                                |            |              |            |              |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Current liabilities                                                                                |            |              |            |              |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Notes payable and overdrafts                                                                                |            | $            | 538,526    |              |            | $          | 365,327    |            |             | $           | 417,217     |             |             |             |             |             |             |             |             |             |
| Accounts payable                                                                                |            | 78,327       |            |              | 89,301     |            |            | 108,727    |             |             |             |             |             |             |             |             |             |             |             |             |
| Accounts payable—unconsolidated affiliates                                                                                |            | 5,985        |            |              | 122        |            |            | 1,621      |             |             |             |             |             |             |             |             |             |             |             |             |
| Customer advances and deposits                                                                                |            | 3,362        |            |              | 19,620     |            |            | 17,179     |             |             |             |             |             |             |             |             |             |             |             |             |
| Accrued compensation                                                                                |            | 32,232       |            |              | 27,967     |            |            | 39,766     |             |             |             |             |             |             |             |             |             |             |             |             |
| Income taxes payable                                                                                |            | 15,341       |            |              | 5,499      |            |            | 7,477      |             |             |             |             |             |             |             |             |             |             |             |             |
| Current portion of operating lease liabilities                                                                                |            | 9,835        |            |              | 10,403     |            |            | 10,356     |             |             |             |             |             |             |             |             |             |             |             |             |
| Accrued expenses and other current liabilities                                                                                |            | 135,707      |            |              | 106,635    |            |            | 109,015    |             |             |             |             |             |             |             |             |             |             |             |             |
| Current portion of long-term debt                                                                                |            | —            |            |              | —          |            |            | —          |             |             |             |             |             |             |             |             |             |             |             |             |
| Total current liabilities                                                                                |            | 819,315      |            |              | 624,874    |            |            | 711,358    |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                |            |              |            |              |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Long-term debt                                                                                |            | 617,780      |            |              | 617,225    |            |            | 617,364    |             |             |             |             |             |             |             |             |             |             |             |             |
| Pensions and other postretirement benefits                                                                                |            | 36,485       |            |              | 43,301     |            |            | 43,251     |             |             |             |             |             |             |             |             |             |             |             |             |
| Long-term operating lease liabilities                                                                                |            | 20,408       |            |              | 22,050     |            |            | 19,302     |             |             |             |             |             |             |             |             |             |             |             |             |
| Other long-term liabilities                                                                                |            | 18,688       |            |              | 26,609     |            |            | 27,902     |             |             |             |             |             |             |             |             |             |             |             |             |
| Deferred income taxes                                                                                |            | 35,831       |            |              | 41,165     |            |            | 39,139     |             |             |             |             |             |             |             |             |             |             |             |             |
| Total liabilities                                                                                |            | 1,548,507    |            |              | 1,375,224  |            |            | 1,458,316  |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                |            |              |            |              |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Shareholders’ equity                                                                                |            |              |            |              |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Universal Corporation:                                                                                |            |              |            |              |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Preferred stock:                                                                                |            |              |            |              |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Series A Junior Participating Preferred Stock, no par value,500,000shares authorized,noneissued or outstanding                                                                      |            | —            |            |              | —          |            |            | —          |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                |            |              |            |              |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Common stock, no par value,100,000,000shares authorized24,715,625shares issued and outstanding at December 31, 2024 (24,559,181at December 31, 2023 and24,573,408at March 31, 2024) |            | 350,243      |            |              | 344,467    |            |            | 345,596    |             |             |             |             |             |             |             |             |             |             |             |             |
| Retained earnings                                                                                |            | 1,197,972    |            |              | 1,152,863  |            |            | 1,173,196  |             |             |             |             |             |             |             |             |             |             |             |             |
| Accumulated other comprehensive loss                                                                                |            | (97,605)     |            |              | (80,254)   |            |            | (81,585)   |             |             |             |             |             |             |             |             |             |             |             |             |
| Total Universal Corporation shareholders' equity                                                                                |            | 1,450,610    |            |              | 1,417,076  |            |            | 1,437,207  |             |             |             |             |             |             |             |             |             |             |             |             |
| Noncontrolling interests in subsidiaries                                                                                |            | 41,302       |            |              | 41,574     |            |            | 41,716     |             |             |             |             |             |             |             |             |             |             |             |             |
| Total shareholders' equity                                                                                |            | 1,491,912    |            |              | 1,458,650  |            |            | 1,478,923  |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                |            |              |            |              |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |
| Total liabilities and shareholders' equity                                                                                |            | $            | 3,040,419  |              |            | $          | 2,833,874  |            |             | $           | 2,937,239   |             |             |             |             |             |             |             |             |             |

---

| Column 1                                                                             | Column 2   | Column 3                       | Column 4   | Column 5   | Column 6   | Column 7   | Column 8   | Column 9   | Column 10   | Column 11   | Column 12   | Column 13   | Column 14   | Column 15   |
|:-------------------------------------------------------------------------------------|:-----------|:-------------------------------|:-----------|:-----------|:-----------|:-----------|:-----------|:-----------|:------------|:------------|:------------|:------------|:------------|:------------|
|                                                                                |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
|                                                                                |            | Nine Months Ended December 31, |            |            |            |            |            |            |             |             |             |             |             |             |
|                                                                                |            | 2024                           |            | 2023       |            |            |            |            |             |             |             |             |             |             |
|                                                                                |            | (Unaudited)                    |            |            |            |            |            |            |             |             |             |             |             |             |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                                |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| Net income (loss)                                                                    |            | $                              | 98,941     |            |            | $          | 86,914     |            |             |             |             |             |             |             |
| Adjustments to reconcile net income (loss) to net cash used by operating activities: |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| Depreciation and amortization                                                        |            | 44,554                         |            |            | 43,843     |            |            |            |             |             |             |             |             |             |
|                                                                                |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| Net provision for losses (recoveries) on advances to suppliers                       |            | (445)                          |            |            | 9,950      |            |            |            |             |             |             |             |             |             |
| Inventory writedowns                                                                 |            | 6,624                          |            |            | 4,813      |            |            |            |             |             |             |             |             |             |
| Stock-based compensation expense                                                     |            | 7,458                          |            |            | 10,625     |            |            |            |             |             |             |             |             |             |
| Foreign currency remeasurement (gain) loss, net                                      |            | 12,183                         |            |            | 3,227      |            |            |            |             |             |             |             |             |             |
| Foreign currency exchange contracts                                                  |            | 3,206                          |            |            | 2,655      |            |            |            |             |             |             |             |             |             |
| Deferred income taxes                                                                |            | (3,616)                        |            |            | (2,078)    |            |            |            |             |             |             |             |             |             |
| Equity in net loss (income) of unconsolidated affiliates, net of dividends           |            | 2,767                          |            |            | 2,055      |            |            |            |             |             |             |             |             |             |
| Restructuring and impairment costs                                                   |            | 10,573                         |            |            | 3,523      |            |            |            |             |             |             |             |             |             |
| Restructuring payments                                                               |            | (892)                          |            |            | (999)      |            |            |            |             |             |             |             |             |             |
|                                                                                |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
|                                                                                |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| Other, net                                                                           |            | 3,087                          |            |            | 734        |            |            |            |             |             |             |             |             |             |
| Changes in operating assets and liabilities, net:                                    |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| Accounts and notes receivable                                                        |            | (130,672)                      |            |            | (61,434)   |            |            |            |             |             |             |             |             |             |
| Inventories                                                                          |            | 132,318                        |            |            | (169,129)  |            |            |            |             |             |             |             |             |             |
| Other assets                                                                         |            | 20,097                         |            |            | 16,539     |            |            |            |             |             |             |             |             |             |
| Accounts payable                                                                     |            | (23,259)                       |            |            | (1,422)    |            |            |            |             |             |             |             |             |             |
| Accrued expenses and other current liabilities                                       |            | (17,869)                       |            |            | (13,356)   |            |            |            |             |             |             |             |             |             |
| Income taxes                                                                         |            | 16,306                         |            |            | 19         |            |            |            |             |             |             |             |             |             |
| Customer advances and deposits                                                       |            | (13,133)                       |            |            | 16,784     |            |            |            |             |             |             |             |             |             |
| Net cash provided (used) by operating activities                                     |            | 168,228                        |            |            | (46,737)   |            |            |            |             |             |             |             |             |             |
|                                                                                |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| CASH FLOWS FROM INVESTING ACTIVITIES:                                                |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| Purchase of property, plant and equipment                                            |            | (54,885)                       |            |            | (47,732)   |            |            |            |             |             |             |             |             |             |
| Proceeds from sale of business, net of cash held by the business                     |            | —                              |            |            | 3,757      |            |            |            |             |             |             |             |             |             |
|                                                                                |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| Proceeds from sale of property, plant and equipment                                  |            | 2,035                          |            |            | 1,932      |            |            |            |             |             |             |             |             |             |
|                                                                                |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| Net cash used by investing activities                                                |            | (52,850)                       |            |            | (42,043)   |            |            |            |             |             |             |             |             |             |
|                                                                                |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| CASH FLOWS FROM FINANCING ACTIVITIES:                                                |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| Issuance of short-term debt, net                                                     |            | 121,094                        |            |            | 170,433    |            |            |            |             |             |             |             |             |             |
|                                                                                |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
|                                                                                |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| Dividends paid to noncontrolling interests                                           |            | (12,880)                       |            |            | (5,845)    |            |            |            |             |             |             |             |             |             |
|                                                                                |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
|                                                                                |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| Repurchase of common stock                                                           |            | —                              |            |            | (4,744)    |            |            |            |             |             |             |             |             |             |
|                                                                                |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| Dividends paid on common stock                                                       |            | (59,666)                       |            |            | (58,755)   |            |            |            |             |             |             |             |             |             |
|                                                                                |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| Other                                                                                |            | (3,716)                        |            |            | (2,973)    |            |            |            |             |             |             |             |             |             |
| Net cash provided (used) by financing activities                                     |            | 44,832                         |            |            | 98,116     |            |            |            |             |             |             |             |             |             |
|                                                                                |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| Effect of exchange rate changes on cash, restricted cash and cash equivalents        |            | (695)                          |            |            | 76         |            |            |            |             |             |             |             |             |             |
| Net increase (decrease) in cash, restricted cash and cash equivalents                |            | 159,515                        |            |            | 9,412      |            |            |            |             |             |             |             |             |             |
| Cash, restricted cash and cash equivalents at beginning of year                      |            | 55,593                         |            |            | 64,690     |            |            |            |             |             |             |             |             |             |
|                                                                                |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
| Cash, restricted cash and cash equivalents at end of period                          |            | $                              | 215,108    |            |            | $          | 74,102     |            |             |             |             |             |             |             |
|                                                                                |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
|                                                                                |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
|                                                                                |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
|                                                                                |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |
|                                                                                |            |                                |            |            |            |            |            |            |             |             |             |             |             |             |

---

| Column 1                                                                          | Column 2   | Column 3                        | Column 4   | Column 5                       | Column 6   | Column 7   | Column 8   | Column 9   | Column 10   | Column 11   | Column 12   | Column 13   | Column 14   | Column 15   | Column 16   | Column 17   | Column 18   | Column 19   | Column 20   | Column 21   | Column 22   | Column 23   | Column 24   | Column 25   | Column 26   | Column 27   |
|:----------------------------------------------------------------------------------|:-----------|:--------------------------------|:-----------|:-------------------------------|:-----------|:-----------|:-----------|:-----------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|
|                                                                                |            |                                 |            |                                |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                |            | Three Months Ended December 31, |            | Nine Months Ended December 31, |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                |            | 2024                            |            | 2023                           |            | 2024       |            | 2023       |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                |            | (Unaudited)                     |            | (Unaudited)                    |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Sales and other operating revenues                                                |            | $                               | 937,193    |                                |            | $          | 821,507    |            |             | $           | 2,245,005   |             |             | $           | 1,977,713   |             |             |             |             |             |             |             |             |             |             |             |
| Costs and expenses                                                                |            |                                 |            |                                |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Cost of goods sold                                                                |            | 743,605                         |            |                                | 654,556    |            |            | 1,812,351  |             |             | 1,592,533   |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Selling, general and administrative expenses                                      |            | 89,512                          |            |                                | 78,563     |            |            | 232,044    |             |             | 227,846     |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                |            |                                 |            |                                |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Restructuring and impairment costs                                                |            | —                               |            |                                | 924        |            |            | 10,573     |             |             | 3,523       |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                |            |                                 |            |                                |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Operating income                                                                  |            | 104,076                         |            |                                | 87,464     |            |            | 190,037    |             |             | 153,811     |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Equity in pretax earnings (loss) of unconsolidated affiliates                     |            | 2,149                           |            |                                | 1,384      |            |            | 1,647      |             |             | (3,495)     |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Other non-operating income (expense)                                              |            | 468                             |            |                                | 726        |            |            | 1,393      |             |             | 2,179       |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Interest income                                                                   |            | 623                             |            |                                | 1,720      |            |            | 1,726      |             |             | 4,038       |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Interest expense                                                                  |            | 19,303                          |            |                                | 15,525     |            |            | 61,310     |             |             | 48,121      |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Income (loss) before income taxes and other items                                 |            | 88,013                          |            |                                | 75,769     |            |            | 133,493    |             |             | 108,412     |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Income taxes                                                                      |            | 20,217                          |            |                                | 14,482     |            |            | 34,552     |             |             | 21,498      |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Net income (loss)                                                                 |            | 67,796                          |            |                                | 61,287     |            |            | 98,941     |             |             | 86,914      |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Less:  net loss (income) attributable to noncontrolling interests in subsidiaries |            | (8,157)                         |            |                                | (8,071)    |            |            | (13,232)   |             |             | (7,634)     |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Net income (loss) attributable to Universal Corporation                           |            | $                               | 59,639     |                                |            | $          | 53,216     |            |             | $           | 85,709      |             |             | $           | 79,280      |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                |            |                                 |            |                                |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                |            |                                 |            |                                |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                |            |                                 |            |                                |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                |            |                                 |            |                                |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Earnings per share:                                                               |            |                                 |            |                                |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Basic                                                                             |            | $                               | 2.39       |                                |            | $          | 2.14       |            |             | $           | 3.44        |             |             | $           | 3.19        |             |             |             |             |             |             |             |             |             |             |             |
| Diluted                                                                           |            | $                               | 2.37       |                                |            | $          | 2.12       |            |             | $           | 3.41        |             |             | $           | 3.17        |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                |            |                                 |            |                                |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Weighted average common shares outstanding:                                       |            |                                 |            |                                |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Basic                                                                             |            | 24,980,792                      |            |                                | 24,849,498 |            |            | 24,934,786 |             |             | 24,853,774  |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Diluted                                                                           |            | 25,142,667                      |            |                                | 25,055,829 |            |            | 25,115,153 |             |             | 25,017,167  |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                |            |                                 |            |                                |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Total comprehensive income (loss), net of income taxes                            |            | $                               | 56,974     |                                |            | $          | 55,884     |            |             | $           | 82,155      |             |             | $           | 83,638      |             |             |             |             |             |             |             |             |             |             |             |
| Less: comprehensive (income) loss attributable to noncontrolling interests        |            | (7,784)                         |            |                                | (8,255)    |            |            | (12,466)   |             |             | (7,555)     |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Comprehensive income (loss) attributable to Universal Corporation                 |            | $                               | 49,190     |                                |            | $          | 47,629     |            |             | $           | 69,689      |             |             | $           | 76,083      |             |             |             |             |             |             |             |             |             |             |             |
|                                                                                |            |                                 |            |                                |            |            |            |            |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |             |
| Dividends declared per common share                                               |            | $                               | 0.81       |                                |            | $          | 0.80       |            |             | $           | 2.43        |             |             | $           | 2.40        |             |             |             |             |             |             |             |             |             |             |             |

---

English News:
**Universal Corporation Reports Robust Q3 FY2025 Financial Performance** Universal Corporation has released its preliminary financial results for the third quarter of fiscal year 2025, revealing a strong operational performance that signals positive momentum for the company. A key highlight of the quarter was the robust contribution from its Tobacco Operations segment, which played a pivotal role in elevating the company's net income to $67.8 million. This marks an appreciable increase from the $61.3 million recorded in the same period of 2023. In addition to the net income growth, Universal Corporation's cash position significantly strengthened over the period. As of December 31, 2024, the company's cash and cash equivalents surged to $215.1 million, a substantial rise from $74.1 million at the close of 2023. This impressive cash buildup was supported by robust cash flows from operating activities, which totaled an impressive $168.2 million over the nine months ending December 31, 2024. However, the company also reported an increase in total liabilities, which climbed to $1.55 billion at the end of 2024, up from $1.38 billion at the same time a year earlier. Despite this rise in liabilities, Universal Corporation's shareholders' equity witnessed an improvement, growing to $1.49 billion from $1.46 billion. This enhancement reflects increased retained earnings and indicates a stronger balance sheet position for the company. Overall, Universal Corporation's Q3 FY2025 performance underscores its operational strength and financial resilience, setting a solid foundation for continued growth and stability in the future.

Chinese News:
Universal：2025年Q2财报实现营收7.108亿美元，前值为6.385亿美元；每股收益为1.45美元，前值为1.21美元。

Japanese News:
ユニバーサル（UVV）は、2025年度第3四半期（10月～12月）の業績を発表し、増収・営業増益を達成しました。 2024年4月21日に公開された10-Q（四半期報告書）によると、第3四半期の売上高は前年同期比14.1％増の9億3719万ドルに達しました。営業利益は19.0％増加し、1億407万ドルとなりました。営業利益率は11.1％に向上し、前年同期の10.6％を上回りました。 調整後の1株利益（EPS）は2.37ドルで、前年同期の2.12ドルから増加しました。加えて、同社は四半期配当を増配し、前年同期より0.01ドル多い0.81ドルの配当を実施することを発表しました。

Spanish News:
Universal Corporation ha publicado sus resultados financieros correspondientes al tercer trimestre y los primeros nueve meses del año 2024, finalizados el 31 de diciembre. En el tercer trimestre, la empresa registró ventas de 937,19 millones de dólares, superando los 821,51 millones de dólares del mismo periodo del año anterior. Los ingresos netos fueron de 59,64 millones de dólares, en comparación con los 53,22 millones de dólares del año anterior. Resultados clave del tercer trimestre: Ganancias básicas por acción de operaciones continuadas: 2,39 dólares, en comparación con los 2,14 dólares del año anterior. Ganancias diluidas por acción de operaciones continuadas: 2,37 dólares, frente a los 2,12 dólares del año anterior. Resultados de los nueve primeros meses de 2024: Ventas: 2.245,01 millones de dólares, en comparación con los 1.977,71 millones de dólares del año anterior. Ingresos netos: 85,71 millones de dólares, frente a los 79,28 millones de dólares del mismo periodo de 2023. Ganancias básicas por acción de operaciones continuadas: 3,44 dólares, en comparación con los 3,19 dólares del año anterior. Ganancias diluidas por acción de operaciones continuadas: 3,41 dólares, frente a los 3,17 dólares del mismo periodo de 2023.

Greek News:
Η Universal Corporation ανακοίνωσε μη ελεγμένα προκαταρκτικά οικονομικά αποτελέσματα για το β΄ τρίμηνο του οικονομικού έτους 2025, καταγράφοντας έσοδα ύψους 937,2 εκατομμυρίων δολαρίων και λειτουργικά κέρδη 100,7 εκατομμυρίων δολαρίων. Τα καθαρά κέρδη ανήλθαν σε 57,1 εκατομμύρια δολάρια (περίπου 2,28 δολάρια ανά μετοχή), κυρίως λόγω της ισχυρής επίδοσης του Τομέα Καπνού, ο οποίος συνεισέφερε 854,8 εκατ. δολάρια σε έσοδα και 99,2 εκατ. δολάρια σε λειτουργικά κέρδη. Θετική συμβολή είχε και ο Τομέας Συστατικών, με 83,3 εκατ. δολάρια σε έσοδα και 3,7 εκατ. δολάρια σε λειτουργικά κέρδη. Ωστόσο, η εταιρεία εξακολουθεί να αντιμετωπίζει προκλήσεις, καθώς παραμένει σε εξέλιξη εσωτερική έρευνα για μη εξουσιοδοτημένες πληρωμές ύψους περίπου 7 εκατομμυρίων δολαρίων, που φέρεται να πραγματοποίησε πρώην υπάλληλος της θυγατρικής της στη Μοζαμβίκη. Η υπόθεση αυτή είχε ως αποτέλεσμα την καθυστέρηση υποβολής της έκθεσης 10‑Q για το τρίμηνο που έληξε στις 30 Σεπτεμβρίου 2024, καθώς και την προσωρινή απαλλαγή από όρο της πιστωτικής της συμφωνίας. Νωρίτερα, στο δ΄ τρίμηνο του οικονομικού έτους 2024 (Ιανουάριος–Μάρτιος), η Universal είχε ανακοινώσει αύξηση εσόδων στα 703,7 εκατομμύρια δολάρια από 646,5 εκατομμύρια την αντίστοιχη περίοδο του προηγούμενου έτους. Παρά την αύξηση των πωλήσεων, τα καθαρά κέρδη μειώθηκαν σε 40,3 εκατομμύρια δολάρια από 53,7 εκατομμύρια, κυρίως λόγω αυξημένων δαπανών τόκων και υψηλότερου κόστους.

Question:
How does the company’s balance sheet reflect its financial health in terms of total amount of current assets and the ratio of total liability divided by total equity? Please provide only the final result(s); do not include any calculation steps. Please quote the piece(s) of news aligned with the finding(s), if any.

Answer:

Question: How does the company’s balance sheet reflect its financial health in terms of total amount of current assets and the ratio of total liability divided by total equity? Please provide only the final result(s); do not include any calculation steps. Please quote the piece(s) of news aligned with the finding(s), if any.