Company: PRMB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049952
Chunk: 52

Company: Primo Brands Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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.2 (60.2)31.0 18.7 (2.7)16.0 Other70.6 (11.5)59.1 45.5 (8.6)36.9 Total definite-lived intangible assets$2,312.8 $(437.3)$1,875.5 $2,172.3 $(260.4)$1,911.9 Indefinite-lived intangible assetsTrademarks and trade names$1,205.0 $— $1,205.0 $1,279.8 $— $1,279.8 Total intangible assets, net$3,517.8 $(437.3)$3,080.5 $3,452.1 $(260.4)$3,191.7 For the three and nine months ended September 30, 2025, amortization expense of definite-lived intangible assets was $75.0 million and $176.9 million, respectively. For the three and nine months ended September 30, 2024, amortization expense of definite-lived intangible assets was $17.1 million and $52.5 million, respectively.During the second quarter of fiscal year 2025 and as a result of integration efforts, the Company reassessed the future expected use of $76.1 million of a previously recorded indefinite lived trade name. Beginning in the second quarter of fiscal year 2025, the trade name is being amortized through the end of the fiscal year.

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Table of Contents

Based on the carrying value of definite-lived intangible assets as of September 30, 2025, estimated amortization expense for each of the five succeeding years and thereafter is as follows:($ in millions)Amount2025 (remaining three months)$71.3 2026146.82027144.02028141.82029131.6Thereafter1,190.8Total 1$1,826.3 ______________________1     This table excludes $49.2 million of software development costs that are in-progress as of September 30, 2025 and not yet amortizable.

NOTE 7—DEBT

The following table summarizes Long-term debt in the Condensed Consolidated Balance Sheets as of the periods presented:($ in millions)September 30, 2025December 31, 2024Term Loans$3,075