Magnera Corp

Listed Company

MAGNCIK 0000041719NYSEAcceleratedPaper MillsPennsylvaniaFY ends Sep 26

Period

FY 2025

Revenue

$3.20B

Net Income

$-159.00M

Total Assets

$3.99B

Equity

$1.06B

Shares Out

35.90M

Op. Cash Flow

$103.00M

Business

Magnera Corp is a leading global supplier of specialty materials composed of organic and synthetic raw ingredients used in consumer and infrastructure applications. It offers a diverse portfolio including nonwovens and components for wipes, healthcare products, adult and baby incontinence, apparel, dryer sheets, filtration, tea bags, coffee filters, cable wrap and related technical solutions. Operations are organized into two reportable segments, Americas and Rest of World, to align with customers and facilitate synergy realization. The company manufactures across the Americas, Europe and Asia and sells primarily through a direct sales force to global, national and regional customers.

Summary from filing dated 2025-11-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-12-31	FY 2023 2023-09-30	FY 2022 2022-12-31
Net sales	3,204	2,187	—	2,275	—
Cost of goods sold	2,867	1,950	1,256	1,995	1,343
Selling, general and administrative	190	107	110	110	125
Amortization of intangibles	50	48	—	51	—
Goodwill and other impairment	0	172	—	0	191
Restructuring and other activities	89	30	—	24	—
Corporate expense allocation	3	21	—	26	—
Operating income (loss)	5	−141	3	69	−164
Other expense (income), net	30	−9	−11	−3	−8
Interest expense, net	141	3	—	0	—
Income (loss) before income taxes	−166	−135	−71	72	−204
Income tax expense (benefit)	−7	19	7	34	−10
Net income (loss)	−159	−154	−79	38	−194
Net income (loss) per share: Basic (in Dollars per share)	−4.47	−4.84	−1.75	1.19	−4.33
Net income (loss) per share: diluted (in Dollars per share)	−4.47	−4.84	−1.75	1.19	−4.33

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	305	230	50	111	138
Accounts receivable	522	359	171	196	170
Inventories	474	259	298	309	280
Prepaid expenses and other current assets	122	38	86	64	48
Total current assets	1,423	886	606	679	637
Property, plant and equipment	1,476	949	—	—	—
Goodwill and intangible assets	890	850	—	—	—
Right-of-use assets	62	49	—	—	—
Other assets	138	73	81	78	93
Total assets	3,989	2,807	1,564	1,647	1,881
Accounts payable	356	295	158	218	214
Accrued employee costs	90	47	—	—	—
Other current liabilities	155	115	113	89	99
Total current liabilities	601	457	280	360	371
Long-term debt	1,952	0	853	793	738
Deferred income taxes	46	78	52	54	87
Operating lease liabilities	45	39	—	—	—
Other long-term liabilities	281	94	121	121	141
Total liabilities	2,925	668	1,307	1,329	1,338
Common Stock (35.6 million shares issued)	1	0	544,000	544,000	544,000
Berry net investment	0	2,307	—	—	—
Additional paid-in capital	1,417	0	59	61	65
Retained loss	−159	0	420	499	706
Accumulated other comprehensive loss	−195	−168	−83	−98	−80
Total equity	1,064	2,139	257	318	543
Total liabilities and equity	3,989	2,807	1,564	1,647	1,881

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-12-31	FY 2023 2023-09-30	FY 2022 2022-12-31
Depreciation	156	127	—	118	—
Non-cash interest expense	17	5	5	5	2
Share-based compensation expense	19	7	3	7	831,000
Deferred income tax	−27	−9	−12	−9	−24
Other non-cash operating activities, net	55	−3	—	−10	—
Accounts receivable	0	−27	22	63	−35
Inventories	31	−16	10	49	−44
Prepaid expenses and other assets	−22	2	165,000	0	−3
Accounts payable and other liabilities	−17	40	—	−55	—
Net cash from operating activities	103	192	—	257	−41
Additions to property, plant and equipment	−67	−72	−34	−88	−38
Cash acquired from GLT acquisition	37	0	—	0	—
Settlement of net investment hedges	22	0	—	0	—
Proceeds from sale of assets	0	4	—	0	—
Other investing activities and other	0	29	844,000	0	30,000
Net cash used in investing activities	−8	−39	−37	−88	−33
Proceeds from long-term borrowings	1,556	0	—	0	—
Repayments on long-term borrowings	−484	−2	−228	−4	−35
Transfers from (to) Berry, net	34	−107	—	−206	—
Cash distribution to Berry	−1,111	0	—	0	—
Debt fees and other, net	−16	0	—	0	—
Net cash used in financing activities	−21	−109	−949,000	−210	47
Effect of currency translation on cash	1	1	1	13	−2
Net change in cash and cash equivalents	75	45	−63	−28	−29

Filings

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