COTY INC.

Listed Company

COTYCIK 0001024305NYSELarge AcceleratedPerfumes, Cosmetics & Other Toilet PreparationsFY ends Jun 30

Period

FY 2025

Revenue

$5.89B

Net Income

$-367.90M

Total Assets

$11.91B

Equity

$3.54B

Shares Out

880.01M

Op. Cash Flow

$492.60M

Business

COTY INC. is a global beauty company that develops, manufactures and markets products across fragrance, color cosmetics and skin and body care. It offers a portfolio of owned and licensed brands and provides product innovation, research and development, packaging and marketing to support fragrance, cosmetic, skincare and body-care product lines. The business operates primarily through Consumer Beauty and Prestige segments, managing owned brands and long-term license agreements and centralized R&D and manufacturing centers. Coty distributes products in about 123 countries through mass retailers, prestige retailers, e-commerce, travel retail, direct-to-consumer channels and third-party distributors.

Summary from filing dated 2025-08-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Net revenues	5,893	6,118	5,554	5,304	4,630
Cost of sales	2,072	2,179	2,007	1,935	1,862
Gross profit	3,821	3,939	3,547	3,369	2,768
Selling, general and administrative expenses	3,103	3,162	2,818	2,881	2,363
Amortization expense	187	193	192	207	251
Restructuring costs	77	37	−7	−7	64
Asset impairment charges	213	0	0	31	0
Operating income	241	547	544	241	−49
Interest expense, net	214	252	258	224	—
Other expense (income), net	372	90	−419	−410	−44
(Loss) income before income taxes	−345	205	705	427	−240
Provision for income taxes	5	95	182	165	−172
Net (loss) income	−350	109	523	268	−205
Net income (loss) attributable to noncontrolling interests	5	5	−2	−5	−16
Net income attributable to redeemable noncontrolling interests	12	15	17	13	12
Net (loss) income attributable to Coty Inc.	−368	89	508	260	−201
Net (loss) income	−368	89	508	254	−64
Convertible Series B Preferred Stock dividends	−13	−13	−13	−198	−102
Net (loss) income attributable to common stockholders	−381	76	495	61	−304
Net (loss) income attributable to common stockholders	−381	76	495	61	−304
(Losses) earnings per common share - basic (in dollars per share)	−0.44	0.09	0.58	0.08	−0.4
(Losses) earnings per common share - diluted (in dollars per share)	−0.44	0.09	0.57	0.08	−0.4
Basic (in shares)	871	874	849	821	765
Diluted (in shares)	871	883	887	834	765

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	257	301	247	233	254
Restricted cash	13	20	37	31	57
Trade receivablesless allowances of $29.0 and $24.3, respectively	526	442	361	365	348
Inventories	795	764	853	662	651
Prepaid expenses and other current assets	362	437	554	392	474
Total current assets	1,953	1,964	2,052	1,682	1,783
Property and equipment, net	709	719	713	716	918
Goodwill	4,062	3,906	3,988	3,915	4,118
Other intangible assets, net	3,215	3,566	3,798	3,903	4,463
Equity investments	1,002	1,091	1,069	843	1,276
Operating lease right-of-use assets	266	255	287	321	319
Deferred income taxes	562	491	590	652	759
Other noncurrent assets	139	92	166	86	56
TOTAL ASSETS	11,908	12,083	12,662	12,116	13,691
Accounts payable and accrued expenses	1,890	1,998	—	—	—
Short-term debt and current portion of long-term debt	4	3	58	23	24
Current operating lease liabilities	64	58	66	68	76
Income and other taxes payable	67	68	127	109	53
Other current liabilities	514	475	—	—	—
Total current liabilities	2,538	2,602	2,737	2,566	2,415
Long-term operating lease liabilities	222	219	248	282	269
Long-term debt, net	3,956	3,842	4,178	4,409	5,401
Pension and other post-employment benefits	284	275	281	292	421
Deferred income taxes	468	550	660	669	675
Other noncurrent liabilities	485	347	325	340	328
TOTAL LIABILITIES	7,952	7,835	8,428	8,558	9,509
COMMITMENTS AND CONTINGENCIES (Note 22)	—	—	—	—	—
CONVERTIBLE SERIES B PREFERRED STOCK, $0.01 par value; 1.0 shares authorized; 0.1 issued and outstanding, at June 30, 2025 and 2024, respectively	142	142	142	142	1,036
REDEEMABLE NONCONTROLLING INTERESTS	94	94	94	70	84
Preferred stock, $0.01 par value; 20.0 shares authorized; 1.0 issued and outstanding, at June 30, 2025 and 2024, respectively	0	0	0	0	0
Class A Common Stock, $0.01 par value; 1,250.0 shares authorized, 966.5 and 962.1 issued and 872.3 and 867.8 outstanding at June 30, 2025 and 2024, respectively	10	10	9	9	8
Additional paid-in capital	11,330	11,308	10,899	10,806	10,376
Accumulated deficit	−5,266	−4,899	−4,988	−5,496	−5,756
Accumulated other comprehensive loss	−733	−795	−662	−718	−322
Treasury stockat cost, shares: 94.3 at June 30, 2025 and 2024	−1,797	−1,797	−1,446	−1,446	−1,446
Total Coty Inc. stockholders equity	3,543	3,827	3,811	3,155	2,861
Noncontrolling interests	176	185	186	191	202
Total equity	3,719	4,012	3,997	3,346	3,062
TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS EQUITY	11,908	12,083	12,662	12,116	13,691

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Depreciation and amortization	420	421	427	516	585
Non-cash lease expense	62	62	64	79	81
Deferred income taxes	−88	−10	56	12	−218
Provision (release) for bad debts	6	3	−19	21	−13
Provision for pension and other post-employment benefits	10	9	9	13	18
Share-based compensation	50	89	136	196	30
Losses (gains) on termination of collaboration agreement/sale of equity investment, and disposal of other assets	76	4	−100	—	—
Losses (gains) from equity investments, net	86	−22	−226	−400	−70
Foreign exchange effects	25	15	30	−17	27
Losses (gains) on forward repurchase contracts, net	255	76	−197	—	—
Other	40	47	9	21	55
Trade receivables	−81	−105	37	−77	11
Inventories	5	67	−180	−48	81
Prepaid expenses and other current assets	64	−11	−15	−13	−137
Accounts payable and accrued expenses	−168	−49	148	—	—
Other current liabilities	−62	64	−31	—	—
Operating lease liabilities	−57	−58	−61	−71	−125
Income and other taxes payable	−39	−77	60	92	20
Other noncurrent assets	−38	−4	−8	−7	40
Other noncurrent liabilities	63	−14	−35	−21	−26
Net cash provided by operating activities	493	615	626	727	319
Capital expenditures	−215	−245	−223	−174	−174
Proceeds from contingent consideration, license agreements, and sale of other long-lived assets, net	13	19	105	213	4
Proceeds from termination of collaboration agreement/sale of equity investment	74	0	0	—	—
Net cash used in investing activities	−128	−226	−118	270	2,442
Proceeds from revolving loan facilities	2,493	2,459	1,558	943	2,760
Repayments of revolving loan facilities	−2,123	−2,674	−1,600	−1,339	−3,593
Proceeds from issuance of other long term debt	0	1,824	0	542	1,749
Repayments of term loans and other long term debt	−491	−1,937	−226	−868	−3,895
Net proceeds from issuance of Class A Common Stock	0	356	900,000	0	—
Dividend payments on Common Stock and Convertible Series B Preferred Stock	−13	−13	−14	−57	−26
Net payments for foreign currency contracts	−22	−7	−128	−179	19
Distributions to redeemable noncontrolling interests and noncontrolling interests	−24	−24	−17	−17	−9
Payments related to forward repurchase contracts and settlement, including hedge valuation adjustment	−288	−243	−26	—	—
Refunds related to hedge valuation adjustment	62	0	0	—	—
Payment of deferred financing fees	−2	−47	0	−40	−22
All other	−18	−31	−17	−14	−5
Net cash used in financing activities	−427	−337	−469	−1,034	−2,795
EFFECT OF EXCHANGE RATES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH	12	−15	−18	−9	−7
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	−50	37	20	−47	−42
Cash paid during the year for interest	219	206	229	215	231
Cash paid during the year for income taxes, net of refunds received	95	173	59	97	16
Accrued capital expenditure additions	86	108	108	100	70
Non-cash exchange of forward repurchase contracts for treasury stock	0	151	0	151	—

Filings

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