Company: PRMB
Filing Date: 2025-05-08
Form Type: 424B3
Source: 0002042694-25-000009
Chunk: 53

Company: Primo Brands Corp
Filing Date: 2025-05-08
Form: 424B3
Chunk 53
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 other companies in our industry may calculate these measures differently than we do, which limits their usefulness as comparative measures; and

• these measures do not reflect the impact of certain cash charges resulting from matters we consider not to be indicative of our ongoing operations.

Furthermore, we compensate for the limitations described above by relying primarily on our U.S. GAAP results and using Adjusted EBITDA only for supplemental purposes.

<div align='center'>39</div>

The following table reconciles net income, the most directly comparable U.S. GAAP measure, to Adjusted EBITDA for the periods presented:

| ($ in millions)                                                        |     | Three Months Ended March 31, 
 2025                         |     |       |     | 2024 |     |       |
|:-----------------------------------------------------------------------|:----|:-----------------------------|:----|------:|:----|:-----|:----|------:|
| Net income from continuing operations                                  |     | $                            |     |  34.7 |     | $    |     |  33.5 |
| Interest and financing expense, net                                    |     |                              |     |  82.1 |     |      |     |  79.9 |
| Provision for income taxes                                             |     |                              |     |  17.7 |     |      |     |  11.4 |
| Depreciation and amortization                                          |     |                              |     | 128.6 |     |      |     |  75.2 |
| EBITDA                                                                 |     | $                            |     | 263.1 |     | $    |     | 200.0 |
| Acquisition, integration and restructuring expenses                    |     |                              |     |  39.8 |     |      |     |   5.8 |
| Stock-based compensation costs                                         |     |                              |     |  12.0 |     |      |     |   0.3 |
| Unrealized loss (gain) on foreign exchange and commodity forwards, net |     |                              |     |   0.2 |     |      |     |  -3.8 |
| Write off of long lived assets                                         |     |                              |     |   1.5 |     |      |     |   1.6 |
| Loss on modification and extinguishment of debt                        |     |                              |     |  18.6 |     |      |