BellRing Brands Inc 2025年度报告

FORM 11-K______________________ (Mark One) ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the year ended December 31, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period from _____ to _____ A.Full title of the plan and the address of the plan, if different from that of the issuer named below: BellRing Brands, Inc. 401(k) Plan B.Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: BellRing Brands, Inc.1 N Brentwood Blvd., Suite 1550St. Louis, MO 63105 Report of Independent Registered Public Accounting Firm Employee Benefit Trustees Committee and Plan AdministratorBellRing Brands, Inc. 401(k) Plan Opinion On The Financial Statements We have audited the accompanying statements of net assets available for benefits of BellRing Brands, Inc. 401(k) Plan (the Plan)as of December 31, 2025 and 2024, the related statement of changes in net assets available for benefits for the year endedDecember31, 2025, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statementspresent fairly, in all material respects, the net assets available for benefits of the Plan as of December31, 2025 and 2024, and the Basis For Opinion These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on thePlan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company AccountingOversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform theaudit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due toerror or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidenceregarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used Supplementary Information The supplementary information in the accompanying Schedule H Line 4i - Schedule of Assets (Held at End of Year) as ofDecember31, 2025 and Schedule H, Line 4a - Schedule of Delinquent Participant Contributions for the year ended December31,2025 have been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. Thesupplementary information is the responsibility of the Plan’s management. Our audit procedures included determining whether thesupplementary information reconciles to the financial statements or the underlying accounting and other records, as applicable, and /s/ Rubin Brown LLPSt. Louis, MissouriWe have served as the Plan’s auditor since 2024.June 23, 2026 BellRing Brands, Inc.401(k) PlanStatements of Net Assets Available for Benefits BellRing Brands, Inc. 401(k) PlanNotes to Financial Statements NOTE 1 – DESCRIPTION OF PLAN The following description of the BellRing Brands, Inc. 401(k) Plan (the “Plan”) provides only general information. Participantsshould refer to the Plan document for a more complete description of the Plan’s provisions. General In 2019, BellRing Intermediate Holdings, Inc. (formerly known as BellRing Brands, Inc.) (“Old BellRing”) closed its initialpublic offering (the “IPO”). As a result of the IPO and certain other transactions completed in connection with the IPO, BellRingBrands, LLC, a Delaware limited liability company and subsidiary of Old BellRing (“BellRing LLC”), became the holder of the activenutrition business of Post Holdings, Inc. (“Post”), and Post maintained the remaining portion of economic interest in BellRing LLC. In2022, BellRing Brands, Inc. (formerly known as BellRing Distribution, LLC) (“BellRing”) converted into a Delaware corporation and Unless otherwise indicated or the context otherwise requires, all references in this report to “the Company” refer to Old BellRingand its consolidated subsidiaries during the periods prior to the Spin-off and BellRing and its consolidated subsidiaries during theperiods subsequent to the Spin-off. The term “BellRing common stock” generally refers to Old BellRing Class A common stock, $0.01 The Company adopted the Plan on January 1, 2020 (the “Effective Date”). The Company employees who were participants in thePost Holdings, Inc. Savings Investment Plan (the “Post Plan”) at the Effective Date ceased participation in the Post Plan and were nolonger eligible to make contributions to the Post Plan. The Company’s current employees’ account balances in the Post Plan at the time The Plan is a defined contr