Eastman Kodak Company Q4 FY2025 earnings call

Jim stated the long-term plan is on track, finished the quarter and year strong with a difference between the first and second halves due to long-term investments paying off, balance sheet is strong with reduced debt. Dave discussed that in November 2025, the pension reversion process was successfully completed, generating approximately $1.023 billion in pension reversion proceeds used for debt reduction, funding the new pension plan, and providing net proceeds to Kodak. Fourth quarter highlights: Revenue was $290 million, an increase of 9%, gross profit was $67 million, up $16 million or 31%, gross profit percentage was 23%. Full year highlights: Consolidated revenue was $1.069 billion, an increase of $26 million or 2%, gross profit improved $29 million or 14%, operational EBITDA was $62 million, an increase of $36 million or 138%, and ended the year with $337 million in unrestricted cash

AM&C: Fourth quarter revenue increased by 25%, launched owned direct distribution brand of still films. Print: North America Plates division and imprinting systems showed growth, PROSPER 520 moved from controlled introduction to full production, and invested in new rapid response service system and incorporated AI and machine learning. Brand Licensing: Continues to grow, is a significant contributor to gross profit, and the brand is growing outside the US, particularly in Asia. Full year: Consolidated revenues were $1.069 billion, an increase of $26 million or 2%, gross profit percentage was 22% compared with 19% in the prior year, an increase of 3 percentage points

Kodak is focused on growth following a strong 2025, has a strong balance sheet with more cash than debt, is on the way to taking out another $100 million of long-term debt, all three businesses (Print, AM&C, Brand Licensing) are contributing, and there are promising new investments in the pharma division and battery coating

Important factors that could cause actual events or results to differ materially from forward-looking statements include risks, uncertainties and other factors described in more detail in Kodak's filings with the U.S. Securities and Exchange Commission from time to time

Q: No formal Q&A during today's call.

A: However, as always, the Investor Relations team is available for follow-up