diff --git a/src/internal/packager/helm/template.go b/src/internal/packager/helm/template.go
index 7bc0484f90..6f40066bb4 100644
--- a/src/internal/packager/helm/template.go
+++ b/src/internal/packager/helm/template.go
@@ -13,6 +13,8 @@ import (
 	"path/filepath"
 
 	"github.com/defenseunicorns/pkg/helpers/v2"
+	"github.com/goccy/go-yaml/ast"
+	"github.com/goccy/go-yaml/parser"
 	"github.com/zarf-dev/zarf/src/api/v1alpha1"
 	"github.com/zarf-dev/zarf/src/config"
 	"github.com/zarf-dev/zarf/src/internal/packager/template"
@@ -167,7 +169,103 @@ func getTemplatedManifests(renderedManifests *bytes.Buffer, variableConfig *vari
 		releaseutil.InstallOrder,
 	)
 	if err != nil {
-		return nil, nil, fmt.Errorf("error re-rendering helm output: %w", err)
+		// STOPGAP (zarf #4977, fixed upstream by helm/helm#32204): Helm v4 splits
+		// kind:List items into separate documents but keeps YAML anchors, dangling
+		// any alias that crosses items. Repair the anchor scope and retry once.
+		if repaired, rerr := resolveCrossDocumentAnchors(buff); rerr == nil && repaired != nil {
+			hooks, resources, err = releaseutil.SortManifests(map[string]string{path: string(repaired)},
+				actionConfig.Capabilities.APIVersions,
+				releaseutil.InstallOrder,
+			)
+		}
+		if err != nil {
+			return nil, nil, fmt.Errorf("error re-rendering helm output: %w", err)
+		}
 	}
 	return hooks, resources, nil
 }
+
+// resolveCrossDocumentAnchors materializes YAML aliases against anchors collected
+// across the whole stream, returning (nil, nil) when there is nothing to repair.
+//
+// STOPGAP for zarf #4977 (fixed upstream by helm/helm#32204); remove once a fixed
+// Helm is vendored.
+func resolveCrossDocumentAnchors(content []byte) ([]byte, error) {
+	// goccy's parser tolerates the dangling alias that yaml.v3 rejects at decode time.
+	file, err := parser.ParseBytes(content, 0)
+	if err != nil {
+		return nil, err
+	}
+
+	collector := &anchorCollector{anchors: map[string]ast.Node{}}
+	for _, doc := range file.Docs {
+		if doc.Body != nil {
+			ast.Walk(collector, doc.Body)
+		}
+	}
+	if len(collector.anchors) == 0 {
+		return nil, nil
+	}
+
+	resolver := &aliasResolver{anchors: collector.anchors}
+	for _, doc := range file.Docs {
+		if doc.Body != nil {
+			ast.Walk(resolver, doc.Body)
+		}
+	}
+	if resolver.resolved == 0 {
+		return nil, nil
+	}
+
+	return []byte(file.String()), nil
+}
+
+// anchorCollector walks a YAML AST collecting anchor definitions keyed by name.
+type anchorCollector struct {
+	anchors map[string]ast.Node
+}
+
+func (c *anchorCollector) Visit(node ast.Node) ast.Visitor {
+	if anchor, ok := node.(*ast.AnchorNode); ok && anchor.Name != nil && anchor.Value != nil {
+		c.anchors[anchor.Name.String()] = anchor.Value
+	}
+	return c
+}
+
+// aliasResolver walks a YAML AST replacing alias references with the matching
+// anchor's value node, in place.
+type aliasResolver struct {
+	anchors  map[string]ast.Node
+	resolved int
+}
+
+// resolve returns the anchor value node for an alias, or nil if node is not a
+// resolvable alias.
+func (r *aliasResolver) resolve(node ast.Node) ast.Node {
+	alias, ok := node.(*ast.AliasNode)
+	if !ok || alias.Value == nil {
+		return nil
+	}
+	value, found := r.anchors[alias.Value.String()]
+	if !found {
+		return nil
+	}
+	r.resolved++
+	return value
+}
+
+func (r *aliasResolver) Visit(node ast.Node) ast.Visitor {
+	switch n := node.(type) {
+	case *ast.MappingValueNode:
+		if value := r.resolve(n.Value); value != nil {
+			n.Value = value
+		}
+	case *ast.SequenceNode:
+		for i, entry := range n.Values {
+			if value := r.resolve(entry); value != nil {
+				n.Values[i] = value
+			}
+		}
+	}
+	return r
+}
diff --git a/src/internal/packager/helm/template_test.go b/src/internal/packager/helm/template_test.go
index ce0ab8c245..e2aa832b57 100644
--- a/src/internal/packager/helm/template_test.go
+++ b/src/internal/packager/helm/template_test.go
@@ -8,9 +8,12 @@ import (
 	"context"
 	"os"
 	"path/filepath"
+	"strings"
 	"testing"
 
 	"github.com/stretchr/testify/require"
+	releaseutil "helm.sh/helm/v4/pkg/release/v1/util"
+
 	"github.com/zarf-dev/zarf/src/api/v1alpha1"
 	"github.com/zarf-dev/zarf/src/internal/packager/template"
 	"github.com/zarf-dev/zarf/src/types"
@@ -39,3 +42,101 @@ func TestChartTemplate(t *testing.T) {
 	require.NoError(t, err)
 	require.YAMLEq(t, string(b), manifest)
 }
+
+func TestResolveCrossDocumentAnchors(t *testing.T) {
+	t.Parallel()
+
+	// Mirrors the corrupted stream Helm v4's annotateAndMerge produces from a
+	// `kind: List` with a cross-item anchor: the anchor lands in document 1 and
+	// the alias in document 2, leaving the alias dangling (zarf #4977).
+	crossDocAnchor := `apiVersion: v1
+kind: ConfigMap
+metadata:
+  name: cm-a
+data: &shared
+  key: value
+---
+apiVersion: v1
+kind: ConfigMap
+metadata:
+  name: cm-b
+data: *shared
+`
+
+	tests := []struct {
+		name        string
+		content     string
+		wantRepair  bool // true if the helper should return repaired bytes
+		wantContent map[string]string
+	}{
+		{
+			name:        "cross-document mapping alias is materialized",
+			content:     crossDocAnchor,
+			wantRepair:  true,
+			wantContent: map[string]string{"key: value": ""},
+		},
+		{
+			name: "cross-document sequence alias is materialized",
+			content: `apiVersion: v1
+kind: ConfigMap
+metadata:
+  name: cm-a
+data:
+  owner: &val zarf
+---
+apiVersion: v1
+kind: ConfigMap
+metadata:
+  name: cm-b
+data:
+  owners:
+  - *val
+`,
+			wantRepair:  true,
+			wantContent: map[string]string{"- zarf": ""},
+		},
+		{
+			name: "no anchors is a no-op",
+			content: `apiVersion: v1
+kind: ConfigMap
+metadata:
+  name: cm-a
+data:
+  key: value
+`,
+			wantRepair: false,
+		},
+	}
+
+	for _, tt := range tests {
+		t.Run(tt.name, func(t *testing.T) {
+			t.Parallel()
+
+			// The dangling alias must break the standard sorter, proving the repair is needed.
+			if tt.wantRepair {
+				_, _, err := releaseutil.SortManifests(map[string]string{"manifest": tt.content}, nil, releaseutil.InstallOrder)
+				require.Error(t, err, "expected unrepaired content to fail SortManifests")
+			}
+
+			repaired, err := resolveCrossDocumentAnchors([]byte(tt.content))
+			require.NoError(t, err)
+
+			if !tt.wantRepair {
+				require.Nil(t, repaired, "no-op input should return nil")
+				return
+			}
+
+			require.NotNil(t, repaired)
+			// The alias marker is gone and the repaired stream parses cleanly.
+			require.NotContains(t, string(repaired), "*")
+			_, resources, err := releaseutil.SortManifests(map[string]string{"manifest": string(repaired)}, nil, releaseutil.InstallOrder)
+			require.NoError(t, err, "repaired content should parse: %s", string(repaired))
+			require.Len(t, resources, 2)
+
+			for want := range tt.wantContent {
+				require.True(t, strings.Contains(resources[0].Content, want) || strings.Contains(resources[1].Content, want),
+					"materialized value %q not found in resources", want)
+			}
+		})
+	}
+}
diff --git a/src/test/e2e/27_deploy_regression_test.go b/src/test/e2e/27_deploy_regression_test.go
index 81fb0b9d8a..eeeb3bda07 100644
--- a/src/test/e2e/27_deploy_regression_test.go
+++ b/src/test/e2e/27_deploy_regression_test.go
@@ -6,6 +6,7 @@ package test
 
 import (
 	"fmt"
+	"path/filepath"
 	"testing"
 
 	"github.com/stretchr/testify/require"
@@ -30,3 +31,29 @@ func TestGHCRDeploy(t *testing.T) {
 	stdOut, stdErr, err = e2e.Zarf(t, "package", "remove", "dos-games", "--confirm")
 	require.NoError(t, err, stdOut, stdErr)
 }
+
+// TestKindListAnchor is a regression test for #4977: a chart rendering a
+// `kind: List` whose items share a YAML anchor used to fail post-render with
+// "unknown anchor 'shared' referenced" under Helm v4's annotateAndMerge.
+func TestKindListAnchor(t *testing.T) {
+	t.Log("E2E: kind: List with cross-item YAML anchor")
+	tmpdir := t.TempDir()
+
+	pkgPath := filepath.Join("src", "test", "packages", "27-kind-list-anchor")
+	stdOut, stdErr, err := e2e.Zarf(t, "package", "create", pkgPath, "-o", tmpdir, "--skip-sbom", "--confirm")
+	require.NoError(t, err, stdOut, stdErr)
+
+	packagePath := filepath.Join(tmpdir, fmt.Sprintf("zarf-package-kind-list-anchor-%s-0.0.1.tar.zst", e2e.Arch))
+	stdOut, stdErr, err = e2e.Zarf(t, "package", "deploy", packagePath, "--confirm")
+	require.NoError(t, err, stdOut, stdErr)
+
+	// Both ConfigMaps should resolve the anchor to data.key = value.
+	kubectlOut, _, err := e2e.Kubectl(t, "get", "configmap", "cm-a", "cm-b", "-n", "kind-list-anchor",
+		"-o", "jsonpath={range .items[*]}{.metadata.name}={.data.key} {end}")
+	require.NoError(t, err, kubectlOut)
+	require.Contains(t, kubectlOut, "cm-a=value")
+	require.Contains(t, kubectlOut, "cm-b=value")
+
+	stdOut, stdErr, err = e2e.Zarf(t, "package", "remove", "kind-list-anchor", "--confirm")
+	require.NoError(t, err, stdOut, stdErr)
+}
diff --git a/src/test/packages/27-kind-list-anchor/min-chart/Chart.yaml b/src/test/packages/27-kind-list-anchor/min-chart/Chart.yaml
new file mode 100644
index 0000000000..a2b9bf2790
--- /dev/null
+++ b/src/test/packages/27-kind-list-anchor/min-chart/Chart.yaml
@@ -0,0 +1,3 @@
+apiVersion: v2
+name: min-chart
+version: 0.1.0
diff --git a/src/test/packages/27-kind-list-anchor/min-chart/templates/list.yaml b/src/test/packages/27-kind-list-anchor/min-chart/templates/list.yaml
new file mode 100644
index 0000000000..866ce28728
--- /dev/null
+++ b/src/test/packages/27-kind-list-anchor/min-chart/templates/list.yaml
@@ -0,0 +1,14 @@
+apiVersion: v1
+kind: List
+items:
+- apiVersion: v1
+  kind: ConfigMap
+  metadata:
+    name: cm-a
+  data: &shared
+    key: value
+- apiVersion: v1
+  kind: ConfigMap
+  metadata:
+    name: cm-b
+  data: *shared
diff --git a/src/test/packages/27-kind-list-anchor/zarf.yaml b/src/test/packages/27-kind-list-anchor/zarf.yaml
new file mode 100644
index 0000000000..2d6c35f0ea
--- /dev/null
+++ b/src/test/packages/27-kind-list-anchor/zarf.yaml
@@ -0,0 +1,14 @@
+kind: ZarfPackageConfig
+metadata:
+  name: kind-list-anchor
+  version: "0.0.1"
+  # Regression coverage for #4977: a kind: List with a YAML anchor crossing item
+  # boundaries broke Zarf's post-render under Helm v4's annotateAndMerge.
+components:
+  - name: chart
+    required: true
+    charts:
+      - name: min-chart
+        namespace: kind-list-anchor
+        localPath: min-chart
+        version: 0.1.0