<span item_type="fundamental" item_id="3bced1bebcc4ffe4cc98c9c5ca09170b" counter_id="ST/US/SEE" env="prod"></span><span item_type="announcement" item_id="621800360753236609" env="prod"></span><p>Revenue: As of FY2025 Q4, the actual value is USD 1.401 B, beating the estimate of USD 1.343 B.</p><p>EPS: As of FY2025 Q4, the actual value is USD 0.3, missing the estimate of USD 0.6633.</p><p>EBIT: As of FY2025 Q4, the actual value is USD 153.3 M.</p><p></p><h4>Full Year 2025 Financial Highlights</h4><h5>Segment Net Sales</h5><p>希悦尔包装 reported net sales of $5,360 million for the full year 2025, representing a decrease of 0.6% compared to $5,393 million in 2024. On a constant currency basis, net sales decreased by 1.2%. The Food segment’s net sales were $3,594.7 million, remaining essentially flat, while the Protective segment’s net sales decreased by 2% to $1,765.1 million. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1012100/000101210026000010/q42025ex991.htm"></span></p><h5>Net Earnings</h5><p>Net earnings for the full year 2025 increased by 63.7% to $441 million, up from $270 million in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1012100/000101210026000010/q42025ex991.htm"></span></p><h5>Adjusted EBITDA</h5><p>Adjusted EBITDA for the full year 2025 was $1,134 million, an increase of 2.1% from $1,111 million in 2024. On a constant currency basis, Adjusted EBITDA rose by 2.4%. The Adjusted EBITDA margin improved to 21.2% in 2025 from 20.6% in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1012100/000101210026000010/q42025ex991.htm"></span></p><h5>Gross Profit</h5><p>Gross profit for the full year 2025 was $1,596.8 million, a decrease from $1,625.1 million in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1012100/000101210026000010/q42025ex991.htm"></span></p><h5>Operating Profit</h5><p>Operating profit for the full year 2025 was $725.7 million, slightly lower than $735.9 million in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1012100/000101210026000010/q42025ex991.htm"></span></p><h5>Operating Costs</h5><p>Cost of sales for the full year 2025 was $3,763.0 million, compared to $3,767.5 million in 2024. Selling, general and administrative expenses were $744.9 million in 2025, down from $752.6 million in 2024. Restructuring charges decreased to $39.9 million in 2025 from $57.8 million in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1012100/000101210026000010/q42025ex991.htm"></span></p><h5>Cash Flow from Operations</h5><p>Cash flow provided by operating activities for the full year 2025 was $628 million, a 13.7% decrease from $728 million in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1012100/000101210026000010/q42025ex991.htm"></span></p><h5>Free Cash Flow</h5><p>Free cash flow was $459 million for the full year 2025, compared to $454 million in 2024 (excluding a $54 million IRS refund in Q4 2024). Capital expenditures were $170 million in 2025, a decrease from $220 million in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1012100/000101210026000010/q42025ex991.htm"></span></p><h5>Net Debt and Liquidity</h5><p>Net debt decreased to $3.7 billion as of December 31, 2025, from $4.0 billion as of December 31, 2024. The net leverage ratio improved to 3.2x as of December 31, 2025, from 3.6x as of December 31, 2024. 希悦尔包装 had approximately $1.4 billion of available liquidity, which included $344 million in cash and $1.06 billion in available credit lines. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1012100/000101210026000010/q42025ex991.htm"></span></p><h4>Fourth Quarter 2025 Financial Highlights</h4><h5>Segment Net Sales</h5><p>Net sales for the fourth quarter of 2025 were $1,401 million, an increase of 2.1% compared to $1,373 million in the fourth quarter of 2024. On a constant currency basis, net sales decreased by 0.7%. The Food segment’s net sales increased by 2% to $937 million, and the Protective segment’s net sales increased by 3% to $464 million. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1012100/000101210026000010/q42025ex991.htm"></span></p><h5>Net Earnings</h5><p>Net earnings for the fourth quarter of 2025 were $44 million, compared to a net loss of less than $1 million in the fourth quarter of 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1012100/000101210026000010/q42025ex991.htm"></span></p><h5>Adjusted EBITDA</h5><p>Adjusted EBITDA was $278 million for the fourth quarter of 2025, marking a 2.7% increase from $271 million in the fourth quarter of 2024. On a constant currency basis, Adjusted EBITDA increased by 0.5%. The Adjusted EBITDA margin was 19.8% in Q4 2025, compared to 19.7% in Q4 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1012100/000101210026000010/q42025ex991.htm"></span></p><h5>Segment Adjusted EBITDA (Q4 2025)</h5><p>The Food Segment Adjusted EBITDA decreased by 3% to $202 million (21.6% of net sales) from $208 million (22.5% of net sales) in Q4 2024. The Protective Segment Adjusted EBITDA increased by 21% to $80 million (17.3% of net sales) from $67 million (14.8% of net sales) in Q4 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1012100/000101210026000010/q42025ex991.htm"></span></p><h4>Outlook / Guidance</h4><p>希悦尔包装 did not provide a financial outlook or guidance in this report due to the pending acquisition by funds affiliated with CD&amp;R. The company will also not be hosting a conference call or webcast to discuss the results. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1012100/000101210026000010/q42025ex991.htm"></span></p>

Sealed Air | 8-K: FY2025 Q4 Revenue Beats Estimate at USD 1.401 B