Westrock Coffee mengumumkan hasil kuartal keempat dan tahun penuh 2025 yang memecahkan rekor, didorong oleh volume pelanggan baru dan penyelesaian fasilitasnya di Conway, Arkansas. Manajemen menyoroti pergeseran dari konstruksi ke operasi reguler, dengan ekspektasi pertumbuhan EBITDA pada 2026. Perusahaan melaporkan kerugian bersih tetapi melebihi proyeksi keuangan utama.
Westrock Coffee (NASDAQ:WEST) membagikan kinerja keuangan 2025-nya selama panggilan laba, menggambarkan tahun tersebut sebagai masa transisi yang ditandai oleh investasi signifikan di fasilitas Conway-nya. Penjualan bersih konsolidasi naik 40% dibandingkan 2024, meskipun perusahaan mencatat kerugian bersih sebesar $90.4 million, yang eksekutif kaitkan dengan investasi berkelanjutan dan penskalaan fasilitas. nnIn the Beverage Solutions segment, adjusted EBITDA reached $68.5 million, a 28% increase from 2024 and surpassing the guided range of $63 million to $68 million. The Sustainable Sourcing and Traceability (SS&T) segment saw adjusted EBITDA of $16.5 million, exceeding the $14 million to $16 million outlook and more than doubling from $6.4 million the previous year. nCEO Scott Ford noted the company has transitioned from 'construction mode into regular daily operations,' with capital expenditures dropping to $89 million in 2025 from $160 million in 2024. Over three years, investments totaled about $360 million in the Conway extract and ready-to-drink facility, now fully operational. For 2026, capital spending is projected at $30 million, mainly for maintenance, and Ford indicated higher utilization ahead, stating the facility is 'scheduled to be busting the seams in 27.' nVolume growth included a 29% rise in single-serve cup volumes and a 6% increase in core roast and ground coffee. However, a major single-serve customer departed in the fourth quarter, representing an annualized $30 million run rate, with half realized in 2025. Management does not assume replacement in 2026 guidance, expecting some volume back late 2026 and full recovery by late 2027. nCFO Chris Pledger emphasized that elevated coffee prices inflate revenues under the pass-through model but do not alter absolute margins, advising focus on dollar profitability and EBITDA. The company guided 2026 adjusted EBITDA to $90 million to $100 million, a 29% to 44% increase, with free cash flow positivity in the second half. Net leverage ended at 3.85 times, below the 4.5 times target, supported by $105 million in unrestricted cash and availability.
