Mativ changes primary GAAP metric to Gross Profit, restates 2025 segment Adjusted EBITDA

Mativ Holdings, Inc.

Effective Jan 1, 2026, Mativ changed primary GAAP metric from Operating Profit to Gross Profit; SG&A allocation to segments modified.
Provides supplemental 2025 segment reconciliations: FAM Net Sales $767.5M, Adj. EBITDA $115.2M (15.0% margin).
SAS Net Sales $1,219.5M, Adj. EBITDA $147.8M (12.1% margin); Corporate Unallocated Adj. EBITDA -$38.3M.
New allocation shifts IT infrastructure and shared service costs from Unallocated to operating segments.
Restated 2025 quarterly data supersedes prior earnings releases; non-GAAP measures used by management.

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