Company: GEF
Filing Date: 2025-11-19
Form Type: 10-KT
Source: 0001628280-25-053146
Chunk: 76

Company: GREIF, INC
Filing Date: 2025-11-19
Form: 10-KT
Chunk 76
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 financial statements are presented in accordance with accounting principles generally accepted in the United States (“GAAP”). Certain prior year amounts have been reclassified to conform to the current year presentation.

For the 2024 fiscal year and preceding fiscal years presented herein, the Company’s fiscal year began on November 1 and ended on October 31 of the following year. Any references to years or to any quarter of those years, relates to the fiscal year or quarter, as the case may be, ended in that year, unless otherwise stated. The Company changed its fiscal year end, effective for the 2025 fiscal year. The 2025 fiscal year began on November 1, 2024 and ended on September 30, 2025, and accordingly, consisted of eleven months. The Company’s fourth fiscal quarter of 2025 consisted of two months ended September 30, 2025. Thereafter, the Company’s fiscal year will begin on October 1 and end on September 30 of the following year.

Change in Presentation

Discontinued Operations

On June 30, 2025, the Company entered into a definitive agreement to sell its containerboard business, including the CorrChoice sheet feeder system (the “Containerboard Business”), and the equity interests in our subsidiaries that directly owned the Containerboard Business on the date of closing. The transaction was completed effective as of August 31, 2025 (“the Containerboard Divestiture”). The Containerboard Divestiture qualifies as discontinued operations because it represents a strategic shift that will have a major impact on the Company’s operations and financial results. As a result, the Containerboard Business is presented as discontinued operations beginning in the third quarter of 2025. See Note 2 herein for additional information regarding discontinued operations.

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The Company has reclassified the financial results of the Containerboard Business to discontinued operations, net of tax, in the consolidated statements of income for all periods presented. The Company also reclassified the related assets and liabilities as assets and liabilities held for sale on the consolidated balance sheets as of October 31, 2024. Cash flows from the Company’s discontinued operations are not presented separately in the consolidated statements of cash flows for all periods presented. Unless otherwise noted, the discussion in these Notes to the consolidated financial statements relates only to continuing operations.

Recast of Certain Prior Period Information

In December 2024, the Company announced changes to its reporting structure, moving to a material solution-based structure. The