Primo Brands Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	6,507	5,153	4,699	4,441	3,357
Revenue Growth (YoY)	34.41%	9.66%	5.80%	32.31%	-
Cost of Revenue	4,430	3,531	3,347	3,447	2,662
Gross Profit	2,077	1,622	1,352	994.2	694.69
Selling, General & Admin	1,385	1,051	924.2	887	655.96
Other Operating Expenses	-4.6	6.6	4.9	0.1	-2.51
Operating Expenses	1,381	1,057	929.1	887.1	653.45
Operating Income	696.6	564.4	422.9	107.1	41.24
Interest Expense	-334.9	-339.6	-288.1	-211.8	-136.69
EBT Excluding Unusual Items	361.8	224.8	134.8	-104.7	-95.45
Merger & Restructuring Charges	-375.9	-204.1	-16.9	-83.8	-124.69
Other Unusual Items	-18.6	-	-	8.7	-
Pretax Income	-2.7	20.7	117.9	-179.8	-220.15
Income Tax Expense	45.5	33.3	25.1	-53.1	-44.95
Earnings From Continuing Operations	-48.2	-12.6	92.8	-126.7	-175.2
Earnings From Discontinued Operations	-36.4	-3.8	-	-	-
Net Income	-84.6	-16.4	92.8	-126.7	-175.2
Preferred Dividends & Other Adjustments	-	-	28.9	33.8	26.51
Net Income to Common	-84.6	-16.4	63.9	-160.5	-201.71
Shares Outstanding (Basic)	360	242	218	218	1
Shares Outstanding (Diluted)	360	242	218	218	1
Shares Change (YoY)	-5.66%	10.98%	0.02%	21117.57%	-
EPS (Basic)	-0.24	-0.07	0.29	-0.74	-196.06
EPS (Diluted)	-0.24	-0.07	0.29	-0.74	-196.06
Free Cash Flow	298.2	317	117.3	-150.2	-27.27
Free Cash Flow Per Share	0.83	1.31	0.54	-0.69	-26.51
Dividend Per Share	0.120	0.090	-	-	-
Gross Margin	31.92%	31.47%	28.77%	22.39%	20.70%
Operating Margin	10.71%	10.95%	9.00%	2.41%	1.23%
Profit Margin	-1.30%	-0.32%	1.36%	-3.61%	-6.01%
Free Cash Flow Margin	4.58%	6.15%	2.50%	-3.38%	-0.81%
EBITDA	1,240	897.7	728.6	433.3	461.67
EBITDA Margin	19.05%	17.42%	15.51%	9.76%	13.75%
D&A For EBITDA	543	333.3	305.7	326.2	420.44
EBIT	696.6	564.4	422.9	107.1	41.24
EBIT Margin	10.71%	10.95%	9.00%	2.41%	1.23%
Effective Tax Rate	-	160.87%	21.29%	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.