Company: GEF
Filing Date: 2025-11-19
Form Type: 10-KT
Source: 0001628280-25-053146
Chunk: 55

Company: GREIF, INC
Filing Date: 2025-11-19
Form: 10-KT
Chunk 55
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 Cash Flow
| 11 Months Ended(in millions)                        |     | 2025 | September 30, |     | 2024 | September 30, |
|:----------------------------------------------------|:----|:-----|--------------:|:----|:-----|--------------:|
| Net cash provided by operating activities           |     | $    |          58.6 |     | $    |         300.6 |
| Net cash provided by (used in) investing activities |     |      |       1,683.2 |     |      |        -648.1 |
| Net cash (used in) provided by financing activities |     |      |      -1,727.5 |     |      |         372.8 |
| Effects of exchange rates on cash                   |     |      |          44.7 |     |      |          10.2 |
| Net increase in cash and cash equivalents           |     |      |          59.0 |     |      |          35.5 |
| Cash and cash equivalents at beginning of year      |     |      |         197.7 |     |      |         180.9 |
| Cash and cash equivalents at end of year            |     | $    |         256.7 |     | $    |         216.4 |

#### Operating Activities
During the eleven months ended September 30, 2025 and 2024, cash provided by (used in) change in accounts receivable was $1.9 million and $(63.4) million, respectively. The favorable change in accounts receivable levels was primarily due to increased collections and lower net sales.

During the eleven months ended September 30, 2025 and 2024, cash (used in) provided by change in inventories was $(10.5) million and $(45.3) million, respectively. The favorable change in inventories was primarily due to decreased raw material prices.

During the eleven months ended September 30, 2025 and 2024, cash (used in) provided by change in accounts payable was $(43.0) million and $34.3 million, respectively. The unfavorable change in accounts payable levels was primarily due to timing of payments and decreased raw material prices.

#### Investing Activities
During the eleven months ended September 30, 2025 and 2024, we invested $143.8 million and $176.0 million, respectively, of cash in