Company: PRMB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049952
Chunk: 111

Company: Primo Brands Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 111
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 Consolidated Statements of Cash Flows in the accompanying Condensed Consolidated Financial Statements:

Three Months Ended September 30,Nine Months Ended September 30,($ in millions)2025202420252024Net cash provided by operating activities of continuing operations$283.4$261.6$477.2$370.1Net cash used in investing activities of continuing operations(144.1)(41.1)(217.9)(130.4)Net cash used in financing activities of continuing operations(128.2)(62.0)(463.0)(109.7)Cash flows from discontinued operations:Net cash provided by operating activities from discontinued operations6.5—8.8—Net cash used in investing activities from discontinued operations(0.5)—(1.8)—Net cash used in by financing activities from discontinued operations(5.3)—(1.9)—Effect of exchange rates on cash, cash equivalents and restricted cash(0.6)0.11.5(0.3)Net increase (decrease) in cash, cash equivalents and restricted cash$11.2$158.6$(197.1)$129.7Cash and cash equivalents and restricted cash, beginning of period412.418.1620.747.0Cash and cash equivalents and restricted cash, end of period$423.6$176.7$423.6$176.7Cash and cash equivalents and restricted cash of discontinued operations, end of period0.9 — 0.9 — Cash and cash equivalents and restricted cash of continuing operations, end of period$422.7 $176.7 $422.7 $176.7 

Nine Months Ended September 30, 2025 Compared to Nine Months Ended September 30, 2024

Net cash provided by operating activities of continuing operations was $477.2 million for the nine months ended September 30, 2025 as compared to $370.1 million for the nine months ended September 30, 2024. The $107.1 million increase was due primarily to improved earnings, excluding non-cash charges partially offset by an increase in cash used for trade payables and accrued liabilities of $82.4 million and Trade receivables of $71.7 million.

Net cash used in investing activities of continuing operations was $217.9 million for the nine months ended September 30, 2025, compared to $130.4 million for the nine months ended September 30