Company: GEF
Filing Date: 2025-11-19
Form Type: 10-KT
Source: 0001628280-25-053146
Chunk: 88

Company: GREIF, INC
Filing Date: 2025-11-19
Form: 10-KT
Chunk 88
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 of adopting this guidance on its financial position, results of operations, comprehensive income, cash flow and disclosures.

#### NOTE 2 — ACQUISITIONS AND DIVESTITURES
Divestitures

Soterra Business Divestiture Subsequent to Year End

On August 5, 2025, the Company entered into a definitive agreement to sell its Soterra land management business, including approximately 173,000acres of timberland (the “Soterra Business”). The carrying value of $ 231.4million was classified as held for sale as of September 30, 2025. The transaction closed on October 1, 2025 for a purchase price of approximately $ 462.0million, subject to certain adjustments. The net cash proceeds from the sale of the Soterra Business were used for debt repayment. The Soterra Business was reported under the Company’s Sustainable Fiber Solutions segment through the end of fiscal 2025. The Soterra Business divestiture does not qualify as discontinued operations because it does not represent a strategic shift that has had a major impact on the Company’s operations or financial results, nor does it meet the qualitative considerations that would otherwise require separate discontinued operations presentation.

Containerboard Divestiture

Effective as of August 31, 2025, the Company completed the Containerboard Divestiture for a purchase price of $ 1,804.7million. The Company incurred transaction costs of $ 23.4million to complete this divestment. The net cash proceeds from the sale of the Containerboard Business have been used for debt repayment. The Containerboard Business was previously reported under the Company’s Sustainable Fiber Solutions segment. 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.

In accordance with ASC 205-20, Allocation of Interest to Discontinued Operations, the Company elected to allocate interest expense to discontinued operations for the Company’s debt that is not directly attributable to the Containerboard business. Interest expense was allocated based on a ratio of debt repayment expected from sale proceeds to total debt.

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#### Table of Contents
The following table presents results of operations of the Containerboard Business from discontinued operations:

| Year Ended(in millions, except per share amounts)                                                                   |     | 11 Months 
 2025      | September 30, |     | 12 Months 
 2024      | October 31, |
|