Kodak Denies Bankruptcy Rumours, Says Business Remains Stable

AI Summary

Kodak has refuted media reports claiming it's ceasing operations or filing for bankruptcy. The reports misinterpreted a required 'going concern' statement in its Q2 2025 earnings, related to upcoming debt and preferred stock obligations. Kodak assures it can meet these obligations and expects a stronger balance sheet after completing its pension plan termination in December 2025, receiving approximately US$500 million. This will significantly reduce its debt and leave it virtually net debt free. Kodak emphasizes its business remains stable and self-sustaining.