NET (LOSS) INCOME ATTRIBUTABLE TO COTY INC. PER COMMON SHARE (Tables)

9 Months Ended

Mar. 31, 2025

Schedule of reconciliation of numerators and denominators of basic and diluted EPS computations

Reconciliation between the numerators and denominators of the basic and diluted income per share (“EPS”) computations is presented below:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2025		2024		2025		2024

Amounts attributable to Coty Inc.:
Net income attributable to Coty Inc.	$	(405.7)	$	3.8	$	(299.1)	$	186.3
Convertible Series B Preferred Stock dividends	(3.3)		(3.3)		(9.9)		(9.9)


Net income (loss) attributable to common stockholders	$	(409.0)	$	0.5	$	(309.0)	$	176.4

Weighted-average common shares outstanding:
Weighted-average common shares outstanding—Basic	872.1		883.1		870.4		876.7
Effect of dilutive stock options and Series A Preferred Stock (a)	—		0.2		—		0.1
Effect of restricted stock and RSUs (b)	—		8.7		—		9.3
Effect of Convertible Series B Preferred Stock (c)	—		—		—		—
Effect of Forward Repurchase Contracts (d)	—		—		—		—
Weighted-average common shares outstanding—Diluted	872.1		892.0		870.4		886.1

Earnings per common share:






Earnings per common share - basic	$	(0.47)	$	—	$	(0.36)	$	0.20
Earnings per common share - diluted (e)	(0.47)		—		(0.36)		0.20

(a) For the three months ended March 31, 2025 and 2024, outstanding stock options with rights to purchase 3.4 million and 1.7 million shares of Common Stock were anti-dilutive and excluded from the computation of diluted EPS. Series A Preferred Stock had no dilutive effect, as the exchange right expired on March 27, 2024. For the nine months ended March 31, 2025 and 2024, outstanding stock options with purchase or conversion rights to purchase 3.5 million and 2.5 million weighted average shares of Common Stock, respectively, were anti-dilutive and excluded from the computation of diluted EPS.

(b) For the three months ended March 31, 2025 and 2024, there were 14.9 million and nil anti-dilutive RSUs, respectively, excluded from the computation of Diluted EPS. For the three months ended March 31, 2025 and 2024, there were no restricted stock outstanding. For the nine months ended March 31, 2025 and 2024, there were 9.5 million and 1.3 million weighted average anti-dilutive RSUs, respectively, excluded from the computation of diluted EPS.

(c) For the three and nine months ended March 31, 2025 and 2024, no dilutive shares of Convertible Series B Preferred Stock were included in the computation of diluted EPS as their inclusion would be anti-dilutive.

(d) For the three and nine months ended March 31, 2025 and 2024, no dilutive shares of the Forward Repurchase Contracts were included in the computation of diluted EPS as their inclusion would be anti-dilutive.

(e) Diluted EPS is adjusted by the effect of dilutive securities, including awards under the Company's equity compensation plans, the Convertible Series B Preferred Stock, and the Forward Repurchase Contracts. When calculating any potential dilutive effect of stock options, Series A Preferred Stock, restricted stock, and RSUs, the Company uses the treasury method and the if-converted method for the Convertible Series B Preferred Stock and the Forward Repurchase Contracts. The treasury method typically does not adjust the net income attributable to Coty Inc., while the if-converted method requires an adjustment to reverse the impact of the preferred stock dividends of $3.3, and to reverse the impact of fair market value losses for contracts with the option to settle in shares or cash of $60.1 and $7.1,

respectively, if dilutive, for the three months ended March 31, 2025 and 2024 on net income applicable to common stockholders during the period. The if-converted method requires an adjustment to reverse the impact of the preferred stock dividends of $9.9, and to reverse the impact of fair market value losses for contracts with the option to settle in shares or cash of $188.9 and $6.9 respectively, if dilutive, for the nine months ended March 31, 2025 and 2024 on net income applicable to common stockholders during the period.