科蒂 2025年季度报告

Form10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934FOR THE QUARTERLY PERIOD ENDEDSEPTEMBER 30, 2025OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934FOR THE TRANSITION PERIOD FROMTOCOMMISSION FILE NUMBER001-35964 COTY INC. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and(2) has been subject to such filing requirements for the past 90 days.YesýNo¨ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).YesýNo¨ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐Noý COTY INC.INDEX TO FORM 10-Q Part I:FINANCIAL INFORMATIONItem 1.Condensed Consolidated Financial Statements (Unaudited)Condensed Consolidated Statements of Operations for the threemonths endedSeptember30, 2025 and 2024Condensed Consolidated Statements of Comprehensive Income (Loss) for the threemonths endedSeptember30,2025 and 2024Condensed Consolidated Balance Sheets as ofSeptember30, 2025 and June 30, 2025Condensed Consolidated Statements of Equity for the threemonths endedSeptember30, 2025 and 2024Condensed Consolidated Statements of Cash Flows for thethreemonths endedSeptember30, 2025 and 2024Notes to Condensed Consolidated Financial StatementsItem 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures Part II:OTHER INFORMATIONItem 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 5.Other InformationItem 6.Exhibits Signatures PART I. FINANCIAL INFORMATION COTY INC. & SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In millions, except per share data)(Unaudited) COTY INC. & SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(In millions, except per share data)(Unaudited) COTY INC. & SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF EQUITYFor the Three Months Ended September 30, 2025(In millions, except per share data)(Unaudited) COTY INC. & SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF EQUITYFor the Three Months Ended September 30, 2024(In millions, except per share data)(Unaudited) COTY INC. & SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In millions)(Unaudited) CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period$273.1$307.5SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:Cash paid for interest$58.3$57.5Cash paid for income taxes, net of refunds received13.914.1SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:Accrued capital expenditure additions$57.3$69.9 COTY INC. & SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS($ in millions, except per share data)(Unaudited) 1.DESCRIPTION OF BUSINESS Coty Inc. and its subsidiaries (collectively, the “Company” or “Coty”) manufacture, market, sell and distribute branded beautyproducts, including fragrances, color cosmetics and skin & body related products throughout the world. Coty is a global beauty companywith a rich entrepreneurial history and an iconic portfolio of brands. The Company operates on a fiscal year basis with a year-end of June 30. Unless otherwise noted, any reference to a year preceded bythe word “fiscal” refers to the fiscal year ended June 30 of that year. For example, references to “fiscal 2026” refer to the fiscal year endingJune30, 2026.When used in this Quarterly Report on Form 10-Q, the term “includes” and “including” means, unless the context otherwiseindicates, including without limitation. The Company’s sales generally increase during the second fiscal quarter as a result of increased demand associated with the winterholiday season. Financial performance, working capital requirements, sales, cash flows and borrowings generally experience variabilityduring the three to six months preceding the holida