Cover photo by momo
With a history spanning over 130 years, Kodak has long been cherished as a symbol of film photography. In its August 2025 financial report, concerns were raised about the company's ability to continue as a going concern, leading some media outlets to speculate about potential bankruptcy or business closure.
However, Kodak quickly issued an official statement, declaring, "We plan to continue our operations and remain hopeful for the future."
Addressing Debt and Ensuring Stable Operations
Kodak currently holds approximately $477 million in debt and $100 million in preferred stock. However, the company plans to repay much of this through the liquidation of pension assets, expected to be completed by December 2025. These pension assets total around $500 million, with approximately $300 million anticipated to be available as cash.
Additionally, the company used only $3 million in cash during the second quarter, all of which was allocated to growth investments. The business itself remains stable and self-sufficient, with no reliance on pension funds for its operations.
Building a New Photography Culture with the Youth
Kodak is not only focused on financial recovery but also on revitalizing photography culture. The resurgence of interest in film photography, particularly among Generation Z, reaffirms Kodak's value and relevance in today's world.
The company is leveraging its U.S.-based manufacturing facilities to maintain its competitive edge in the global market while advancing the innovation of its film and camera products. Kodak aims to continue expanding creative possibilities for all photography enthusiasts worldwide.
