Olaplex Holdings, Inc..

L ong-term debt, net of current portion and deferred debt issuance costs was $642.4 million as of March 31, 2025, compared to $643.7 million as of December 31, 2024.

SEC original ↗Olaplex Holdings, Inc.. — Earnings release (8-K exhibit)EX-99May 8, 2025

On May 1 , 2025, the Company voluntarily repaid $300.0 million of outstanding long-term debt.

SEC original ↗Olaplex Holdings, Inc.. — Earnings release (8-K exhibit)EX-99May 8, 2025

The Company is not able to provide, without unreasonable effort, a reconciliation of the guidance for adjusted EBITDA margin and adjusted gross profit margin to the most directly comparable GAAP measure because the Company does not currently have sufficient data to accurately estimate the variables and individual adjustments included in the most directly comparable GAAP measure that would be necessary for such reconciliations, including (a) costs related to potential debt or equity transactions and (b) other non-recurring expenses that cannot reasonably be estimated in advance.

SEC original ↗Olaplex Holdings, Inc.. — Earnings release (8-K exhibit)EX-99May 8, 2025

The 2022 Credit Agreement includes, among other things, a $675 million seven-year senior-secured term loan facility (the 2022 Term Loan Facility ) and a $150 million five-year senior-secured revolving credit facility (the 2022 Revolver ).

SEC original ↗Olaplex Holdings, Inc.. — 10-Q Quarterly report10-QMay 11, 2026

The Company s long-term debt is recorded at its carrying value in the Condensed Consolidated Balance Sheets, which may differ from fair value.

SEC original ↗Olaplex Holdings, Inc.. — 10-Q Quarterly report10-QMay 11, 2026

On May 7, 2024, the Company entered into an interest rate cap transaction (the 2024 Interest Rate Cap ) in connection with the 2022 Term Loan Facility, with a notional amount of $ 400.0 million, which amortized to $ 200.0 million on July 31, 2025, at a strike rate of 5.00 %.

SEC original ↗Olaplex Holdings, Inc.. — 10-Q Quarterly report10-QMay 11, 2026

Amanda Baldwin, OLAPLEX s Chief Executive Off icer, commented We had a solid start to the year as the quarter marked continued progress on our transformation and our Bonds and Beyond strategy, with first quarter sales coming in ahead of our expectations.

SEC original ↗Olaplex Holdings, Inc.. — Earnings release (8-K exhibit)EX-99May 8, 2025

As we look ahead, we believe in our ability to navigate the dynamic environment and will continue to invest behind our strategic priorities.

SEC original ↗Olaplex Holdings, Inc.. — Earnings release (8-K exhibit)EX-99May 8, 2025

These statements include, but are not limited to, statements about our strategies, plans, objectives, expectations, intentions, expenditures and assumptions and other statements contained in or incorporated by reference in this Quarterly Report that are not historical or current facts.

SEC original ↗Olaplex Holdings, Inc.. — 10-Q Quarterly report10-QMay 11, 2026

over us; the impact of general economic conditions, disruptions in business conditions, and the financial strength of our consumers and customers on our business; fluctuations in our quarterly results of operations; changes in our tax rates and our exposure to tax liability; our ability to integrate or realize the intended benefits of our acquisitions or strategic investments; and the other factors identified in the Risk Factors section of this Quarterly Report, the Risk Factors section of our Annual Report on Form 10-K for the year ended December 31, 2025, as amended (the 2025 Form 10-K ) and in other documents that we file with the U.

SEC original ↗Olaplex Holdings, Inc.. — 10-Q Quarterly report10-QMay 11, 2026

13 Table of Contents NOTE 5 FAIR VALUE MEASUREMENT Fair value measurements are established utilizing a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value.

SEC original ↗Olaplex Holdings, Inc.. — 10-Q Quarterly report10-QMay 11, 2026

Further, the Company s fiscal year 2025 guidance incorporates the current consumer spending environment and assumes no material impact from tariffs.

SEC original ↗Olaplex Holdings, Inc.. — Earnings release (8-K exhibit)EX-99May 8, 2025

Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, the Company s actual results, performance or achievements may vary materially from those described in this press release as anticipated, believed, estimated, expected, intended, planned or projected.

SEC original ↗Olaplex Holdings, Inc.. — Earnings release (8-K exhibit)EX-99May 8, 2025

3 The Company calculates adjusted EBITDA as net income, adjusted to exclude (1) interest expense, net (2) income tax provision (3) depreciation and amortization (4) share-based compensation expense (5) non-ordinary inventory adjustments (6) certain litigation related expenses (7) executive reorganization costs and (8) Tax Receivable Agreement liability adjustments.

SEC original ↗Olaplex Holdings, Inc.. — Earnings release (8-K exhibit)EX-99May 8, 2025

The Company calculates adjusted SG A as SG A, adjusted to exclude (1) share-based compensation expense (2) certain litigation related expenses and (3) executive reorganization costs.

SEC original ↗Olaplex Holdings, Inc.. — Earnings release (8-K exhibit)EX-99May 8, 2025

The Company considers litigation costs related to the Lilien securities class action, as described in Note 12 to the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2025, to be non-recurring and non-ordinary.

SEC original ↗Olaplex Holdings, Inc.. — Earnings release (8-K exhibit)EX-99May 8, 2025

Legal Proceedings 30 Item 1A.

SEC original ↗Olaplex Holdings, Inc.. — 10-Q Quarterly report10-QMay 11, 2026