Magnera Corp 2025年度报告

Dear Shareholders, Just over a year ago we launched Magnera with a bold vision and a strong belief in what we could achievetogether. In our first full year, we successfully integrated two legacy organizations into one cohesive company,advanced our purpose of bettering the world through possibilities made real, strengthened our foundation, For the fiscal year 2025, revenues reached $3.2 billion, with Adjusted EBITDA of $362 million1. We generated $126 million in free cash flow post-merger1, representing a yield of more than 30% at year-end. These results reflect the dedication of our team, which collaborated effectively, integrated our organization, developedoptimization plans, and took decisive actions positioning us for continued success. We are executing on our strategy and establishing Magnera as a leader in advanced specialty materials.Our global scale, innovation capabilities, and strategic geographic presence have enabled us to consistently Looking ahead to 2026, we anticipate approximately 9% earnings improvement, driven by synergy realization,Project CORE initiatives, and further advances in product mix and innovation. As we finalize the stabilizationphase of our Path to Success throughout 2026, we will pivot more of our energy toward the optimization Our commercial teams are fully integrated, ensuring consistent, high-quality service. We have standardizedoperational metrics and processes and are advancing efficiency initiatives across the organization. We remain On behalf of our Board and leadership team, thank you for your continued trust and support. We remain Curt Begle Chief Executive Officer Magnera ໪໪ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended September 27, 2025 Securities registered pursuant to Section 12(b) of the Act: Title of each class Common Stock, $0.01 par value per share Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.໨Yes໪No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and posted pursuant to Rule 405 ofRegulations S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files.)໪Yes໨No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growthcompany. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the ExchangeAct. (Check one): Large Accelerated Filer໨Accelerated filer໪Non-accelerated filer໨Small reporting company໨ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.໨ Indicate by check mark whether the registrant had filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financialreporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.໪ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect thecorrection of an error to previously issued financial statements.໨ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).໨Yes໪No The aggregate market value of the common stock of the registrant held by non-affiliates was approximately $650.8 million as of March 28, 2025, the last business day of theregistrant’s most recently completed second fiscal quarter. The aggregate market value was computed using the closing sale price as reported on the New York StockExchange. As of November 25, 2025, there were 35.6 million shares of common stock outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of Magnera Corporation’s Proxy Statement for its 2025 Annual Meeting of Stockholders are incorporated by reference into Part III of this report. CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS Information included or incorporated by reference in Magnera Corporation’s filings with the U.S.