Matthews International Corporation Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

PENSION AND OTHER POSTRETIREMENT PLANS (Tables)

PENSION AND OTHER POSTRETIREMENT PLANS (Tables)

12 Months Ended

Sep. 30, 2025

Reconciliation of Benefit Obligations, Plan Assets and Funded Status of Pension Plans

The following provides a reconciliation of benefit obligations, plan assets and funded status of the plans as of the Company's actuarial valuation as of September 30, 2025 and 2024:


	Pension				Other Postretirement
	2025		2024		2025		2024
Change in benefit obligation:
Benefit obligation, beginning of year	$	14,712	$	12,896	$	13,378	$	12,375

Service cost	142		125		52		55
Interest cost	493		530		608		684
Actuarial (gain) loss	(1,503)		1,100		(1,675)		777



Exchange loss	763		645		—		—
Benefit payments	(573)		(584)		(346)		(513)
Benefit obligation, end of year (1)	14,034		14,712		12,017		13,378

Change in plan assets:
Fair value, beginning of year	—		—		—		—


Benefit payments	(573)		(584)		(346)		(513)
Employer contributions	573		584		346		513

Fair value, end of year	—		—		—		—

Funded status	(14,034)		(14,712)		(12,017)		(13,378)
Unrecognized actuarial gain	(2,098)		(1,453)		(5,574)		(4,407)
Unrecognized prior service credit	—		—		(229)		(591)
Net amount recognized	$	(16,132)	$	(16,165)	$	(17,820)	$	(18,376)

Amounts recognized in the consolidated balance sheet:
Current liability	$	—	$	—	$	(779)	$	(872)
Noncurrent benefit liability	(14,034)		(14,712)		(11,238)		(12,506)
Accumulated other comprehensive income	(2,098)		(1,453)		(5,803)		(4,998)
Net amount recognized	$	(16,132)	$	(16,165)	$	(17,820)	$	(18,376)

Amounts recognized in accumulated
other comprehensive income:
Net actuarial gain	$	(2,098)	$	(1,453)	$	(5,574)	$	(4,407)
Prior service credit	—		—		(229)		(591)
Net amount recognized	$	(2,098)	$	(1,453)	$	(5,803)	$	(4,998)

(1) Gains and losses related to changes in assumptions (e.g., discount rate, mortality, etc.), salary and other experience impacted benefit obligations.

Net Periodic Pension and Other Postretirement Benefit Cost

Net periodic pension and other postretirement benefit cost for the plans included the following:


	Pension						Other Postretirement
	2025		2024		2023		2025		2024		2023
Service cost	$	142	$	125	$	163	$	52	$	55	$	76
Interest cost *	493		530		497		608		684		644

Amortization:
Prior service cost (credit)	—		—		—		(362)		(364)		(364)
Net actuarial (gain) loss *	(41)		(53)		(64)		(510)		(722)		(708)



Settlement*	—		—		1,271		—		—		—
Net benefit cost	$	594	$	602	$	1,867	$	(212)	$	(347)	$	(352)

* Non-service components of pension and postretirement expense are included in other income (deductions), net.

Weighted-Average Assumptions for Principal Retirement and Other Postretirement Benefit Plans

The weighted-average assumptions for those plans were:


	Pension						Other Postretirement
	2025		2024		2023		2025		2024		2023
Discount rate	4.04	%	3.51	%	4.13	%	5.39	%	4.99	%	5.86	%

Benefit Payments Expected to be Paid

Benefit payments expected to be paid are as follows:


Years ending September 30:	Pension Benefits		Other Postretirement Benefits

2026	$	635	$	872
2027	652		886
2028	671		887
2029	698		894
2030	720		894
2031-2035	3,866		4,303
	$	7,242	$	8,736