Company: MATV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001000623-25-000049
Chunk: 1

Company: Mativ Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 1
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 of these unaudited condensed consolidated financial statements.

2

MATIV HOLDINGS, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS(in millions)(Unaudited)

 Three Months EndedJune 30,Six Months EndedJune 30, 2025202420252024Net loss$(9.5)$(1.4)$(435.0)$(29.4)Other comprehensive income (loss), net of tax:Foreign currency translation adjustments6.3 (1.6)11.1 (10.8)Unrealized loss on derivative instruments(4.9)(2.6)(11.8)(0.3)Net gain (loss) from postretirement benefit plans(0.1)(0.1)0.1 0.3 Other comprehensive income (loss)1.3 (4.3)(0.6)(10.8)Comprehensive loss$(8.2)$(5.7)$(435.6)$(40.2)

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

3

MATIV HOLDINGS, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(in millions, except per share amounts)(Unaudited)

June 30, 2025December 31, 2024ASSETS  Cash and cash equivalents$95.6 $94.3 Restricted cash10.4 — Accounts receivable, net208.9 162.4 Inventories, net344.5 355.1 Income taxes receivable16.6 20.6 Other current assets25.4 25.7 Total current assets701.4 658.1 Property, plant and equipment, net631.6 620.3 Finance lease right-of-use assets16.5 16.2 Operating lease right-of-use assets52.9 46.4 Deferred income tax benefits0.2 8.1 Goodwill57.5 465.6 Intangible assets, net546.6 553.4 Other assets70.0 79.8 Total assets$2,076.7 $2,447.9 LIABILITIES AND STOCKHOLDERS’ EQUITY  Current debt$2.9 $2.6 Finance lease liabilities1.7