Kodak is shifting focus from stabilising the business into becoming a growth business. Its figures for Q2 of the 2026 financial year show growth across the business, led by the printing division.
Revenues from print reached $195 million ($178 million) while its advanced materials and chemicals division grew to £105 million ($75 million) leading to overall revenue of $307 million ($259 million), with brand licensing providing £7 million ($6 million) in revenue.
Executive chairman and CEO Jim Continenza points out that “We continued to deliver strong results for the fourth consecutive quarter, achieving significant year over year improvement in revenue, gross profit and operational Ebitda. The momentum we have built is the result of consistent execution of our long term plan, especially our investments in product development and manufacturing infrastructure and our focus on operational excellence. Looking forward, we are entering a new phase in Kodak’s transformation where we have the operational and financial leverage to focus on growth.”
In a call with investors and analysts, he added that growth in the print sector “reflects the superiority if our products and services, particularly when we have a level playing field.
“Growth is remarkable in a competitive marketplace that’s also dealing with shortages of supply, high cost, inflation.”
The advanced materials business includes photographic film where there is a revival in still and movie films. Current blockbusters including The Odyssey and Spielberg’s Disclosure Day were shot on Kodak films. The division also includes medical products which focuses on the basic chemicals that are combined to create drugs and also saline for drips. It is in the process of qualifying its ability to produce more complex and higher margin compounds. Momentum is starting to build.
A third leg is battery technology where Kodak has set up a pilot unit for coating electrodes at scale on the Kodak Business Park in Rochester to enable developers to test development.
The company has increased stocks of both silver and aluminium despite increased prices to avoid uncertainty of supply in coming months. Kodak has been able to increase prices, contributing to the increase in Q2 revenues.
