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Mativ Reports Q4 & Full-Year 2025 Financial Results

PAPER INDUSTRY NEWS

Jino John

2/19/20262 min read

ALPHARETTA, Ga. – February 18, 2026 — Mativ Holdings, Inc. (NYSE: MATV) today announced financial results for the quarter and full year ended December 31, 2025.

📊 Fourth Quarter 2025 Highlights

  • Sales: $463.1 million, up 1.0% year-over-year and 1.9% on an organic basis.

  • GAAP Net Income: $100.8 million; EPS: $1.80.

  • Adjusted Income: $8.5 million; Adjusted EPS: $0.15.

  • Adjusted EBITDA: $53.5 million, up 19% vs prior year.

  • Adjusted EBITDA Margin: 11.6%, up 180 basis points.

  • Cash from Operations: $19.3 million.

  • Free Cash Flow: $8.0 million.

Commentary: Management noted disciplined commercial and operational performance bolstered sales, EBITDA growth, and margin expansion despite headwinds in demand.

📈 Full Year 2025 Performance

  • Sales: $1,987.0 million, up 0.3% YoY and 2.5% organically.

  • GAAP Loss: $(337.4) million; EPS: $(6.19).

  • Adjusted Income: $42.6 million; Adjusted EPS: $0.70.

  • Adjusted EBITDA: $224.7 million, up 3%.

  • Adjusted EBITDA Margin: 11.3%, up 30 basis points.

  • Cash from Operations: $133.8 million, up 41%.

  • Free Cash Flow: Record $93.8 million, up 139%.

Key Message: The company highlighted year-over-year improvements in sales, adjusted EBITDA, adjusted margins, and strong free-cash-flow generation.

📌 Operational & Segment Performance (Highlights)

Filtration & Advanced Materials (FAM)

  • Sales: $177.2 million, up ~5.6%.

  • Adjusted EBITDA: $33.2 million, up ~26%.

Sustainable & Adhesive Solutions (SAS)

  • Sales: $285.9 million (slight organic decline).

  • Adjusted EBITDA: $38.9 million, up ~8.7%.

The growth in adjusted EBITDA across both segments was driven by favorable pricing, cost management, and operational efficiencies.

💰 Cash Flow, Debt & Liquidity

  • Operating Cash Flow: $133.8 million in 2025.

  • Free Cash Flow: Record $93.8 million.

  • Total Debt: ~$1,018.2 million as of Dec 31 2025.

  • Cash & Equivalents: ~$84.2 million.

  • Net Leverage: ~$934.0 million net debt.

  • Liquidity: ~ $515 million.

📣 Corporate Actions & Strategic Updates

  • Dividend Declared: Quarterly $0.10 per share payable March 27, 2026.

  • Share Repurchases: None during Q4.

  • Cash Allocation: Focus on disciplined operations, working capital, and balance-sheet strength.

  • Outlook Commentary: Company executives expressed confidence in execution and future growth momentum into 2026.

📞 Earnings Conference Call

  • A conference call to discuss results was scheduled for 8:30 AM ET on Feb 19, 2026 with webcast access for analysts and investors.