RELATED PARTY TRANSACTIONS

3 Months Ended

Sep. 30, 2025

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

Performance Guarantee

In connection with the sales of certain businesses, the Company has assigned its rights and obligations under a real estate lease to JAB Partners LLP. The remaining term of this lease is approximately six years. While the Company is no longer the primary obligor under this lease, the lessor has not completely released the Company from its obligation, and holds it secondarily liable in the event that the assignee defaults on the lease. The maximum potential future payments that the Company could be required to make, if the assignee was to default as of September 30, 2025, would be approximately $3.1. The Company has assessed the probability of default by the assignee and has determined it to be remote.

Wella

On December 22, 2021, the Company entered into an agreement with Rainbow UK Bidco Limited (“KKR Bidco”) (an affiliate of funds and/or separately managed accounts advised and/or managed by KKR), related to post-closing adjustments to the purchase consideration for the Coty’s Professional and Retail Hair businesses, including the Wella, Clairol, OPI and ghd brands, (together, the “Wella Business”). In relation to this agreement, the Company recognized a gain of $3.4 in the three months ended September 30, 2025, and $0.9 in the three months ended September 30, 2024, which is reported in Other expense, net in the Condensed Consolidated Statements of Operations.

As of September 30, 2025, Coty owned 25.84% of Wella as an equity investment and performs certain services to Wella. Refer to Note 6— Equity Investment.

In connection with the sale of the Wella Business, the Company and Wella continue to have in place manufacturing arrangements to facilitate the Wella Business transition in the U.S. and Brazil. Fees earned were $1.6 and $1.4 for the three months ended September 30, 2025 and 2024, respectively. Fees are principally invoiced on a cost plus basis and were included

in Selling, general and administrative expenses and Cost of sales, respectively, in the Company's Condensed Consolidated Statement of Operations.

The Company also entered into an agreement with Wella to provide management, consulting and financial services. The Company earned $0.4 and $0.3 in the three months ended September 30, 2025 and 2024, respectively, which are reflected in Other expense, net in the Condensed Consolidated Statements of Operations.

As of September 30, 2025, accounts receivable from and accounts payable to Wella of $41.5 and $0.4, respectively, were included in Prepaid expenses and other current assets and Other current liabilities, respectively, in the Company's Condensed Consolidated Balance Sheets. Additionally, as of September 30, 2025, the Company has accrued $35.2 related to long-term payables due to Wella included in Other noncurrent liabilities in the Company's Condensed Consolidated Balance Sheet.

Coty will continue to recognize the share-based compensation expense for Wella employees until the existing equity awards reach their vesting date. For the three months ended September 30, 2025 and 2024, Coty recorded $0.0 and $0.4, respectively, of share-based compensation expense related to Wella employees, which was presented as part of Other expense, net in the Condensed Consolidated Statements of Operations.

The Company has certain sublease arrangements with Wella after the sale of the Wella Business. For the three months ended September 30, 2025, the Company reported sublease income from Wella of $1.3. For the three months ended September 30, 2024, the Company reported sublease income from Wella of $2.1