Company: MATV
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001000623-25-000064
Chunk: 1

Company: Mativ Holdings, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 1
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ited condensed consolidated financial statements.

2

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

 Three Months EndedSeptember 30,Nine Months EndedSeptember 30, 2025202420252024Net loss$(3.2)$(20.8)$(438.2)$(50.2)Other comprehensive income (loss), net of tax:Foreign currency translation adjustments(0.7)21.7 10.4 10.9 Unrealized loss on derivative instruments(3.3)(13.5)(15.1)(13.8)Net gain (loss) from postretirement benefit plans(8.3)0.2 (8.2)0.5 Other comprehensive income (loss)(12.3)8.4 (12.9)(2.4)Comprehensive loss$(15.5)$(12.4)$(451.1)$(52.6)

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)

September 30, 2025December 31, 2024ASSETS  Cash and cash equivalents$97.1 $94.3 Restricted cash5.8 — Accounts receivable, net200.6 162.4 Inventories, net330.3 355.1 Income taxes receivable16.7 20.6 Other current assets21.9 25.7 Total current assets672.4 658.1 Property, plant and equipment, net614.6 620.3 Finance lease right-of-use assets16.2 16.2 Operating lease right-of-use assets49.9 46.4 Deferred income tax benefits0.1 8.1 Goodwill57.3 465.6 Intangible assets, net528.9 553.4 Other assets62.1 79.8 Total assets$2,001.5 $2,447.9 LIABILITIES AND STOCKHOLDERS’ EQUITY  Current debt$2.9 $2.6 Finance lease liabilities1.7