Crown : Supplemental Investor Information - Q4 2025

About this update from Crown Holdings, Inc.

Crown Holdings, Inc. Reconciliation of Adjusted Net Income and Adjusted EPS In millions except per share data 2025 Interim Periods Q1 2025 Q2 2025 Q3 2025 Q4 2025 Full Year 2025 Net income/diluted earnings per share $ 193 $ 1.65 $ 181 $ 1.56 $ 214 $ 1.85 $ 150 $ 1.31 $ 738 $ 6.38 attributable to Crown Holdings, as reported Intangibles amortization 35 0.30 38 0.33 37 0.32 38 0.33 148 1.28 Restructuring and other (2) (0.02) 47 0.40 30 0.26 8 0.07 83 0.71 Loss on debt extinguishment 1 0.01 14 0.12 15 0.13 Other pension and postretirement (5) (0.04) (5) (0.04) Income taxes (31) (0.26) (13) (0.11) (14) (0.12) (10) (0.08) (68) (0.59) Noncontrolling interest (8) (0.07) (1) (0.01) (9) (0.08) Adjusted net income/diluted earnings per share $ 195 $ 1.67 $ 249 $ 2.15 $ 259 $ 2.24 $ 199 $ 1.74 $ 902 $ 7.79 More information on reconciling items above can be found on Form 8-K filed with the SEC for each period referenced above. 2024 Interim Periods Q1 2024 Q2 2024 Q3 2024 Q4 2024 Full Year 2024 Net income/diluted earnings per share attributable to Crown Holdings, as reported $ 67 $ 0.56 $ 174 $ 1.45 $ (175) $ (1.47) $ 358 $ 3.02 424 $ 3.56 Intangibles amortization 40 0.33 41 0.34 41 0.34 29 0.24 151 1.25 Restructuring and other 23 0.19 17 0.14 (13) (0.11) 48 0.41 75 0.63 Loss on debt extinguishment 1 0.01 1 0.01 Other pension and postretirement 2 0.02 517 4.33 (6) (0.05) 513 4.30 (Gain) on sale of equity method investment (275) (2.32) (275) (2.32) Income taxes (11) (0.09) (26) (0.22) (134) (1.12) 40 0.34 (131) (1.09) Equity earnings 3 0.03 9 0.08 2 0.02 2 0.02 16 0.15 Noncontrolling interest (9) (0.08) (9) (0.08) Adjusted net income/diluted earnings per share $ 122 $ 1.02 $ 217 $ 1.81 $ 238 $ 1.99 $ 188 $ 1.59 765 $ 6.41 More information on reconciling items above can be found on Form 8-K filed with the SEC for each period referenced above. Crown Holdings, Inc. Reconciliation of Adjusted EBITDA and Adjusted net leverage ratio In millions except net leverage ratio Q1 2025 Q2 2025 Q3 2025 Q4 2025 Full Year 2025 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Full Year 2024 Net income (loss) attributable to Crown $ 193 $ 181 $ 214 $ 150 $ 738 $ 67 $ 174 $ (175) $ 358 $ 424 Net income attributable to noncontrolling interest 34 35 25 51 145 26 33 43 34 136 Equity earnings (1) (1) (1) (1) (4) 1 4 (6) 1 - Provision (benefit) for income taxes 46 78 84 73 281 40 54 (39) 128 183 Interest expense 99 103 101 95 398 113 112 119 108 452 Interest income (13) (14) (13) (15) (55) (20) (16) (24) (22) (82) Earnings before interest and taxes (EBIT) 358 382 410 353 1,503 227 361 (82) 607 1,113 Foreign exchange 2 9 8 3 22 7 5 3 19 34 Other pension and postretirement 5 (1) 5 4 13 11 13 523 (1) 546 (Gain) on sale of equity method investment - (275) (275) Loss from early extinguishment of debt 1 14 15 1 1 Income from operations 365 391 423 374 1,553 245 379 444 351 1,419 Intanglibles amortization 35 38 37 38 148 40 41 41 29 151 Restructuring and other (2) 47 30 8 83 23 17 (13) 48 75 Segment income 398 476 490 420 1,784 308 437 472 428 1,645 Depreciation 75 76 79 78 308 75 74 73 75 297 Adjusted EBITDA $ 473 $ 552 $ 569 $ 498 $ 2,092 $ 383 $ 511 $ 545 $ 503 $ 1,942 2025 Interim Periods 2025 Interim Periods 2024 Interim Periods 2024 Interim Periods Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Total debt $ 6,436 $ 6,490 $ 6,389 $ 5,964 $ 7,453 $ 7,410 $ 7,510 $ 6,204 Cash 779 936 1,172 764 1,123 1,414 1,738 918 Net debt 5,657 5,554 5,217 5,200 6,330 5,996 5,772 5,286 LTM Adjusted EBITDA $ 2,032 $ 2,073 $ 2,097 $ 2,092 $ 1,862 $ 1,875 $ 1,907 $ 1,942 Adjusted net leverage ratio 2.8 2.7 2.5 2.5 3.4 3.2 3.0 2.7 Annual periods ended December 31, 2025 2024 2023 2022 2021 2020 Net income (loss) attributable to Crown $ 738 $ 424 $ 450 $ 727 $ (560) $ 579 Loss (income) from discontinued operations - - - - 52 (156) Net income (loss) attributable to Crown $ 738 $ 424 $ 450 $ 727 $ (508) $ 423 Net income from continuing operations attributable to noncontrolling interest 145 136 137 128 148 108 Net income from discontinued operations attributable to noncontrolling interest 1 1 Equity earnings (4) - (14) (42) (3) (6) Provision (benefit) for income taxes 281 183 222 243 (57) 199 Interest expense 398 452 436 284 253 290 Interest income (55) (82) (53) (15) (9) (8) Earnings before interest and taxes (EBIT) 1,503 1,113 1,178 1,325 (175) 1,007 Foreign exchange 22 34 41 16 (45) (2) Other pension and postretirement 13 546 49 (16) 1,515 43 (Gain) on sale of equity method investment - (275) Loss from early extinguishment of debt 15 1 1 11 68 Income from operations 1,553 1,419 1,269 1,336 1,363 1,048 Intanglibles amortization 148 151 163 159 165 162 Restructuring and other 83 75 114 (52) (28) 30 Segment income 1,784 1,645 1,546 1,443 1,500 1,240 Depreciation 308 297 336 301 282 260 Adjusted EBITDA $ 2,092 $ 1,942 $ 1,882 $ 1,744 $ 1,782 $ 1,500 Annual periods ended December 31, 2025 2024 2023 2022 2021 2020 Total debt $ 5,964 $ 6,204 $ 7,474 $ 6,977 $ 6,262 $ 8,211 Cash 764 918 1,310 550 531 1,173 Net debt $ 5,200 $ 5,286 $ 6,164 $ 6,427 $ 5,731 $ 7,038 LTM Adjusted EBITDA $ 2,092 $ 1,942 $ 1,882 $ 1,744 $ 1,782 $ 1,500 Adjusted net leverage ratio 2.5 2.7 3.3 3.7 3.2 4.7

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