Primo Brands Corp balance sheet

At the end of fiscal 2025, Primo Brands Corp had total assets of $10.60bn, total liabilities of $7.61bn and shareholders' equity of $2.99bn. It held $377m in cash against $5.23bn of debt: net debt of $4.85bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Primo Brands Corp: balance sheet, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	0.1	0.0	0.6	0.4	0.4
Receivables	—	0.4	0.4	0.4	0.6
Inventory	—	0.2	0.2	0.2	0.3
Total current assets	—	0.7	1.5	1.2	1.4
Goodwill	0.8	0.8	3.6	3.6	3.6
Total assets	—	5.2	11.2	10.6	10.6
Accounts payable	—	0.4	0.5	0.5	0.6
Total current liabilities	—	0.8	1.4	1.3	1.3
Short-term debt	—	0.0	0.1	0.1	0.1
Long-term debt	—	3.5	5.0	5.1	5.1
Total debt	0.0	3.5	5.1	5.2	5.2
Total liabilities	—	5.2	7.8	7.6	7.7
Shareholders' equity	0.1	0.0	3.4	3.0	3.0
Net debt (negative = net cash)	−0.1	3.5	4.5	4.9	4.8
Shares outstanding	—	—	—	364m	362m

US$ billions unless shown otherwise. Fiscal quarters.

Primo Brands Corp: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	—	0.4	0.5	0.6	0.6	0.4	0.5	0.6
Inventory	—	0.2	0.3	0.2	0.2	0.2	0.2	0.3
Total current assets	—	1.5	1.4	1.5	1.5	1.2	1.3	1.4
Goodwill	—	3.6	3.6	3.6	3.6	3.6	3.6	3.6
Total assets	0.0	11.2	11.0	11.0	11.0	10.6	10.6	10.6
Accounts payable	—	0.5	0.5	0.5	0.6	0.5	0.5	0.6
Total current liabilities	0.0	1.4	1.3	1.4	1.4	1.3	1.3	1.3
Short-term debt	—	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Long-term debt	—	5.0	5.0	5.0	5.0	5.1	5.1	5.1
Total debt	—	5.0	5.0	5.1	5.1	5.2	5.2	5.2
Total liabilities	—	7.8	7.6	7.8	7.8	7.6	7.6	7.7
Shareholders' equity	−0.2	3.4	3.3	3.2	3.2	3.0	3.0	3.0
Shares outstanding	—	380m	376m	373m	371m	364m	363m	362m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Primo Brands Corp's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Primo Brands Corp.