Post Holdings, Inc.POST

Post Holdings, Inc. Leases Disclosure

10-KFiled Nov 21, 20252 min read
LEASES
The Company leases office space, warehouses, manufacturing facilities and equipment primarily through operating lease agreements. The Company has no material finance lease agreements. Leases have remaining terms which range from less than 1 year to 51 years and most leases provide the Company with the option to exercise one or more renewal terms.
The following table presents the balance sheet location of the Company’s operating leases.
September 30,
20252024
ROU assets:
   Other assets$260.6 $228.8 
Lease liabilities:
   Other current liabilities$44.6 $41.0 
   Other liabilities233.3 207.4 
      Total lease liabilities$277.9 $248.4 
Future minimum payments of the Company’s operating lease liabilities as of September 30, 2025 are presented in the following table.
Fiscal 2026
$59.9 
Fiscal 2027
54.4 
Fiscal 2028
45.0 
Fiscal 2029
36.5 
Fiscal 2030
33.6 
Thereafter 122.3 
   Total future minimum payments$351.7 
   Less: Implied interest73.8 
      Total lease liabilities$277.9 
As of September 30, 2025, the Company had signed lease agreements that had not yet commenced related to warehouses within our Foodservice and Refrigerated Retail segments, which had future minimum lease payments of $138.3 not included in the tables above. These leases are expected to commence over the next two fiscal years and have lease terms ranging from 10 to 15 years.
The following table presents supplemental information related to the Company’s operating leases.
Year Ended September 30,
202520242023
Total operating lease expense
$73.9$55.6$45.8
Variable lease expense8.06.75.3
Short-term lease expense10.49.07.7
Weighted-average remaining lease term8 years8 years8 years
Weighted-average IBR6.04%6.19%5.99%
Operating cash flows for amounts included in the measurement of the Company’s operating lease liabilities for the years ended September 30, 2025, 2024 and 2023 were $58.2, $37.1 and $32.5, respectively. ROU assets obtained in exchange for operating lease liabilities during the years ended September 30, 2025, 2024 and 2023 were $72.4, $81.8 and $77.7, respectively.

Historical Timeline

Fiscal YearFiled
2025Nov 21, 2025Showing above
2024Nov 15, 2024
2023Nov 17, 2023
2022Nov 17, 2022
2021Nov 19, 2021
2020Nov 20, 2020

About Leases Disclosures

Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.

Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.

Other Available Disclosures

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