Magnera Corporation posts $159 million net loss for fiscal 2025
Magnera Corporation reported a net loss of $159.0 million for the fiscal year ended September 27, 2025, compared to a net loss of $154.0 million in the prior year and net income of $38.0 million in 2023. Income (loss) before income taxes for 2025 was negative $166.0 million, versus negative $135.0 million in 2024 and positive $72.0 million in 2023. The company recorded a 10% decline in foreign currency exchange rates, resulting in a $2.0 million unfavorable impact on net income for fiscal 2025. During the period, Treasure, previously a wholly owned subsidiary of Berry, completed a transaction with Glatfelter, which was renamed Magnera, resulting in Treasure shareholders receiving 90% of the combined company and GLT shareholders retaining 10%.
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