Company: CELH
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001341766-25-000104
Chunk: 27

Company: Celsius Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 the recent inception of the Term Loan Facility and its variable interest rate structure, based on benchmark rates plus a Company-specific credit spread, the Company determined that the carrying amount of the Term Loan Facility approximated its fair value as of June 30, 2025.

7.     GOODWILL AND INTANGIBLES

Goodwill consisted of the following:Goodwill Balance at December 31, 2024$71,582 Acquisition[1]728,943 Foreign currency translation1,709 Balance at June 30, 2025$802,234 [1] The increase in goodwill pertains to the Acquisition of Alani Nu. Refer to Note 5. Acquisitions for additional information. The carrying amounts and accumulated amortization of intangible assets, net of the impact of foreign exchange rate fluctuations as of June 30, 2025 and December 31, 2024 were as follows:Estimated Useful Life in YearsJune 30, 2025December 31, 2024Definite-lived intangible assetsCustomer relationships5 - 25$126,644 $13,970 Brands3500 500 Less: accumulated amortization(9,029)(2,692)Definite-lived intangible assets, net$118,115 $11,778 Indefinite-lived intangibles assetsBrandsindefinite$1,104,482 $435 Less: impairment[1](482)— Indefinite-lived intangible assets$1,104,000 $435 Brands-net$1,104,389 $907 Customer relationships-net$117,726 $11,306 [1] During the second quarter of 2025, the Company reassessed the remaining carrying value of the Func Foods brand name intangible asset. The Company recorded a non-cash impairment charge of $0.5 million (including the impact of foreign exchange) to fully write off the remaining carrying amount of the Func Foods brand name. This charge is included within other (expense) income.

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Celsius Holdings, Inc.Notes to the Condensed Consolidated Financial Statements (Unaudited)June 30, 2025(Tabular dollars in thousands, except per share amounts)

The following table reflects the future estimated annualized amortization expense related to definite-lived intangible assets:2025$11,551 202623,102 202723,074 202822,935 202922,935