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GlobeNewswire·

Mannatech Reports Financial Results for Fourth Quarter and Year Ended 2025

MTEX
  • Mannatech reported fourth-quarter 2025 net sales of $26.6 million, an 8.2% decrease from $29.0 million in Q4 2024, with a 7.6% decline on a constant dollar basis.
  • Full-year 2025 net sales totaled $108.0 million, a 8.3% decrease from $117.9 million in 2024, driven by unfavorable foreign exchange rates & a new ordering system implementation in North America.
  • Gross profit margin declined to 75.3% in Q4 2025 from 80.5% in Q4 2024, while the full-year gross margin fell to 74.9% from 77.6% due to increased supply chain & freight costs.
  • Q4 2025 operating expenses decreased by $0.6 million to $9.8 million, while full-year selling & administrative expenses dropped by $2.1 million to $39.6 million.
  • The company recorded an operating loss of $0.2 million for Q4 2025 compared to an operating income of $0.9 million in the prior year period.
  • Full-year 2025 operating loss was $0.4 million, contrasting with operating income of $1.4 million in 2024.
  • Q4 2025 net loss was $11.3 million ($5.94 per diluted share) versus net income of $2.3 million ($1.20 per share) in Q4 2024.
  • Full-year 2025 net loss was $15.2 million ($8.00 per diluted share) compared to net income of $2.5 million ($1.32 per share) in 2024.
  • A $12.3 million income tax provision for 2025 included an $11.5 million non-cash deferred tax charge related to valuation allowances & deferred tax liabilities.
  • Cash & cash equivalents decreased to $6.2 million at year-end 2025 from $11.4 million at year-end 2024, while total cash & restricted cash ended at $7.0 million.
  • North American sales were impacted by a new ordering system causing a 15% portion of the revenue decline in that region, while Asia/Pacific faced persistent economic challenges.
  • Management cited rising tariffs, global supply chain pressures, & geopolitical uncertainties as key drivers for increased costs & margin compression.
  • Finance lease obligations were reduced significantly, with repayments declining from $1.6 million in 2024 to $0.3 million in 2025.
  • Deferred tax assets of $1.8 million at December 31, 2024, were reclassified to a net deferred tax liability of $9.7 million at December 31, 2025.
  • Landen Fredrick, President & CEO, noted the challenging year & emphasized a focus on new revenue programs, lean operations, & expense management.