Company: PRMB
Filing Date: 2025-08-07
Form Type: 424B3
Source: 0002042694-25-000017
Chunk: 62

Company: Primo Brands Corp
Filing Date: 2025-08-07
Form: 424B3
Chunk 62
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 of net sales attributable to Primo Water as a result of the Transactio n, partially offset by $25.6 million in volumes attributable to nonrecurring sales from 2024 as a result of the sale of the production facility in Ontario, Canada that was completed during the first quarter of 2025 .

#### Cost of Sales
Cost of sales consists primarily of manufacturing, shipping and logistics, storage and handling, personnel costs and allocated facilities and overhead costs associated with products sold. Manufacturing costs consist primarily of raw materials, packaging costs and labor and utilities to convert raw materials into finished products.

During the three months ended June 30, 2025 , cost of sales was $1,189.2 million , an increase of $304.6 million , or 34.4% , as compared to the three months ended June 30, 2024. The increase in costs is primarily driven by $311.2 million of cost of sales attributable to Primo Water as a result of the Transaction.

#### Gross Profit and Gross Margin
During the three months ended June 30, 2025 , gross profit was $540.9 million , an increase of $111.1 million , or 25.8% , as compared to the three months ended June 30, 2024 , and gross margin as a percentage of net sales was 31.3% , as compared to

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32.7% during the three months ended June 30, 2024. This change was primarily driven by $137.8 million of gross profit, which equates to 30.7% gross margin, attributable to Primo Water as a result of the Transaction.

#### Selling, General and Administrative Expenses
Costs recorded in selling, general and administrative expenses include product marketing and advertising expenses, selling costs, including commissions, information technology (“IT”) and all other costs associated with corporate functions, oversight and support.

During the three months ended June 30, 2025, s elling, general and administrative expenses were $378.6 million , an increase of $122.3 million , or 47.7% , as compared to the three months ended June 30, 2024, primarily due to $128.4 million of costs attributable to Primo Water as a result of the Transaction.

Acquisition, Integration and Restructuring Expense s

Transaction costs include those associated with the Transaction, including subsequent costs directly related to its consummation. Other