Valvoline Inc.

Information regarding the Company s outlook for fiscal 2025 is provided in the table below Updated Outlook Prior Outlook System-wide SSS growth 1 5.8% - 6.4% 5% - 7% System-wide store additions 1 no change 160 - 185 Net revenues $1.69 - $1.72 billion $1.67 - $1.73 billion Adjusted EBITDA 1 $460 - $470 million $450 - $470 million Adjusted EPS 1 $1.59 - $1.64 $1.57 - $1.67 Capital expenditures no change $230 - $250 million Share repurchases $60 million $40 - $70 million 1 Refer to the Key Business Measures and Use of Non-GAAP Measures sections herein for further information regarding management s use of these measures.

SEC original ↗Valvoline Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Use of Non-GAAP Measures The following non-GAAP measures are included herein EBITDA, adjusted EBITDA, and adjusted EBITDA margin adjusted net income and adjusted diluted earnings per share and free cash flow and free cash flow excluding growth capital expenditures.

SEC original ↗Valvoline Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

(c) Free cash flow excluding growth capital expenditures is defined as operating cash flows less maintenance additions to property, plant and equipment.

SEC original ↗Valvoline Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Free cash flow measures Management uses free cash flow and free cash flow excluding growth capital expenditures as additional non-GAAP metrics of cash flow generation.

SEC original ↗Valvoline Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

By including capital expenditures, management is able to provide an indication of the ongoing cash being generated that is ultimately available for both debt and equity holders as well as other investment opportunities.

SEC original ↗Valvoline Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Free cash flow includes the impact of capital expenditures, providing a supplemental view of cash generation.

SEC original ↗Valvoline Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Free cash flow excluding growth capital expenditures provides a supplemental view of cash flow generation before investments in growth capital, which expand future business operations, including the opening or expansion of retail service center stores and service capabilities.

SEC original ↗Valvoline Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

The acquisition initially included 204 service center stores and aligns with the Company s strategy to expand the store network in key markets.

SEC original ↗Valvoline Inc. — 10-Q Quarterly report10-QAug 5, 2026

The acquisition initially included 204 service 21 center stores and aligns with the Company s strategy to expand the store network in key markets.

SEC original ↗Valvoline Inc. — 10-Q Quarterly report10-QAug 5, 2026

THIRD FISCAL QUARTER 2026 OVERVIEW The following were the significant events for the third fiscal quarter of 2026, each of which is discussed more fully in this Quarterly Report on Form 10-Q: Net revenues grew 24% compared to the prior year period, primarily driven by network expansion of 332 net store additions, including the impact of acquisitions and dispositions.

SEC original ↗Valvoline Inc. — 10-Q Quarterly report10-QAug 5, 2026

While lubricant costs increased as the quarter progressed and are expected to remain elevated in the near term, management continues to actively manage the environment through pricing, procurement and operational initiatives.

SEC original ↗Valvoline Inc. — 10-Q Quarterly report10-QAug 5, 2026

These forward-looking statements are based on Valvoline s current expectations, estimates, projections, and assumptions as of the date such statements are made and are subject to risks and uncertainties that may cause results to differ materially from those expressed or implied in the forward-looking statements.

SEC original ↗Valvoline Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Additional information regarding these risks and uncertainties are described in Valvoline s filings with the Securities and Exchange Commission (the SEC ), including in the Risk Factors, Management s Discussion and Analysis of Financial Condition and Results of Operations, and Quantitative and Qualitative Disclosures about Market Risk sections of Valvoline s most recently filed periodic reports on Forms 10-K and 10-Q, which are available on Valvoline s website at http investors.

SEC original ↗Valvoline Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

LEGAL PROCEEDINGS 36 ITEM 1A.

SEC original ↗Valvoline Inc. — 10-Q Quarterly report10-QAug 5, 2026

6 Index to Notes to Condensed Consolidated Financial Statements Page Note 1 - Basis of Presentation and Significant Accounting Policies 8 Note 2 - Fair Value Measurements 9 Note 3 - Acquisitions and Dispositions 10 Note 4 - Intangible Assets 13 Note 5 - Debt 14 Note 6 - Income Taxes 15 Note 7 - Employee Benefit Plans 16 Note 8 - Litigation, Claims and Contingencies 16 Note 9 - Earnings Per Share 17 Note 10 - Reportable Segment Information 17 Note 11 - Supplemental Financial Information 18 7 Valvoline Inc.

SEC original ↗Valvoline Inc. — 10-Q Quarterly report10-QAug 5, 2026

Use of estimates, risks and uncertainties The preparation of the condensed consolidated financial statements in conformity with U.

SEC original ↗Valvoline Inc. — 10-Q Quarterly report10-QAug 5, 2026

There are certain claims and legal proceedings pending where loss is not determined to be probable or reasonably estimable, and therefore, accruals have not been made.

SEC original ↗Valvoline Inc. — 10-Q Quarterly report10-QAug 5, 2026