Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 261

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 261
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We conducted our audit of these financial statements in accordance with the standards of the PCAOB. Those standards require
that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and
performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and
significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

Critical Audit Matters

Critical audit matters are
matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that (i) relate to accounts or disclosures that are material to the financial statements
and (ii) involved our especially challenging, subjective, or complex judgments. We determined there are no critical audit matters.

/s/
PricewaterhouseCoopers LLP

Tampa, Florida

December 2,
2024

We have served as the Company’s auditor since 2024.

F-3

PRIMO BRANDS CORPORATION BALANCE SHEETS

| ($ in thousands, except share and per share amounts)                                  |     | September 30, 2024 |    |   |     | June 10, 2024 |    |   |
|:--------------------------------------------------------------------------------------|:----|:-------------------|---:|:--|:----|:--------------|---:|:--|
| ASSETS                                                                                |     |                    |    |   |     |               |    |   |
| Total assets                                                                          |     | $                  |  — |   |     | $             |  — |   |
| LIABILITIES AND SHAREHOLDER’S EQUITY                                                  |     |                    |    |   |     |               |    |   |
| Current liabilities:                                                                  |     |                    |    |   |     |               |    |   |
| Related party accruals                                                                |     |                    |  2 |   |     |               |  2 |   |
| Total current liabilities                                                             |     |                    |  2 |   |     |               |  2 |   |
| Commitments and contingencies                                                         |     |                    |