Mannatech Incorporated (NASDAQ: MTEX a global health and wellness company, has released its financial results for the fourth quarter and full year ending December 31, 2025. The report reflects a challenging year, with declining sales and profitability across key markets.
Landen Fredrick, President and CEO of Mannatech, described 2025 as a difficult year for the company. He highlighted that system-related issues impacted sales performance, particularly in North America.
In addition, ongoing economic challenges in the Asia-Pacific region further slowed growth. Despite these setbacks, the company remains focused on improving revenue strategies, introducing new incentives, and maintaining strict cost control.
Mannatech reported net sales of $26.6 million in Q4 2025, marking an 8.2% decline compared to $29.0 million in Q4 2024. On a constant currency basis, sales decreased by 7.6%, with foreign exchange negatively impacting revenue by $0.2 million.
Gross profit margins also declined. The company recorded a gross profit of 75.3%, down from 80.5% in the same period last year.
Selling and administrative expenses improved slightly, decreasing to $9.8 million, compared to $10.4 million in Q4 2024.
However, profitability weakened significantly. Mannatech posted an operating loss of $0.2 million, compared to an operating income of $0.9 million in the previous year.
The company reported a net loss of $11.3 million, or $5.94 per diluted share. In contrast, Q4 2024 delivered a net income of $2.3 million. The stronger 2024 results were largely driven by foreign exchange gains.
For the full year, Mannatech generated net sales of $108.0 million, representing an 8.3% decline from $117.9 million in 2024.
Foreign exchange fluctuations negatively affected annual revenue by approximately $1.9 million. On a constant-dollar basis, sales dropped by 6.8% year-over-year.
Selling and administrative expenses decreased to $39.6 million, down from $41.7 million in 2024.
Gross profit margins for the year were 74.9%, compared to 77.6% in the previous year. The decline was mainly due to rising supply chain costs, including higher product and freight expenses.
Mannatech ended 2025 with $6.2 million in cash and cash equivalents, indicating a tighter liquidity position compared to previous periods.
The company plans to focus on operational efficiency, cost management, and new revenue initiatives moving forward. Leadership aims to stabilize performance despite ongoing economic pressures.
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