{"id":10067,"date":"2025-10-31T04:24:45","date_gmt":"2025-10-31T08:24:45","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=10067"},"modified":"2025-10-31T04:24:45","modified_gmt":"2025-10-31T08:24:45","slug":"ranpak-loss-widens-in-q3-though-automation-drives-revenue-growth","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=10067","title":{"rendered":"Ranpak loss widens in Q3 though automation drives revenue growth"},"content":{"rendered":"


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Ranpak is a supplier of paper based packaging systems. Credit: T. Schneider\/Shutterstock.com.<\/figcaption><\/figure>\n<\/p><\/div>\n

Paper\u2011based packaging systems supplier Ranpak Holdings has posted a net loss of $10.4m for the third quarter (Q3) of 2025.<\/p>\n

In the same quarter of 2025, the US\u2011based company reported a net loss of $8.1m.<\/p>\n

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Net revenue for Q3 2025 rose 8% year\u2011on\u2011year to $99.6m, or 4.4% on a constant\u2011currency basis. This growth was driven primarily by automation, void\u2011fill and wrapping product lines.<\/p>\n

On a segment basis, cushioning revenue rose 0.3%, void\u2011fill increased 4.8% and wrapping grew 9%. Automation net revenue saw the largest gain, up 63%.<\/p>\n

Ranpak attributed the overall increase in Q3 net revenue versus the previous year to a 4.5% rise in automated equipment sales, a 3.6% benefit from foreign currency movements and a 1% uplift from price or mix in paper consumables.<\/p>\n

These gains were partly offset by a 0.3% fall in consumables sales volume and included a 0.8% non\u2011cash reduction related to the provision for warrants.<\/p>\n

Adjusted earnings before interest, taxation, depreciation and amortisation improved 8.1% year\u2011on\u2011year, or 3.5% on a constant\u2011currency basis. The company credited the improvement to \u201ctop\u2011line leverage and disciplined cost management.\u201d<\/p>\n

Ranpak closed the quarter with a cash balance of $49.9m and no draws on its $50m revolving credit facility, which matures in December 2029.<\/p>\n

Ranpak chairman and\u00a0CEO Omar Asali stated: \u201cOur third quarter was a major stepping stone towards achieving the expected long-term growth outlook for Ranpak. In August, we signed a partnership and warrant agreement with Walmart that was forged through our innovations in Automation.<\/p>\n

\u201cWhile the terms of the Walmart agreement specifically exclude the cost of paper for purposes of determining the vesting of warrants, we estimate, based on current paper pricing, that this implies up to roughly $700 million in total spend over the life of the contract to achieve full vesting.\u201d<\/p>\n

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