A summary of the changes in the carrying amounts of total equity, Kennametal Shareholders’ equity and equity attributable to noncontrolling interests for the three months ended December 31, 2025 and 2024 is as follows:


	Kennametal Shareholders’ Equity
(in thousands, except per share amounts)	Capital stock		Additional paid-in capital		Retained earnings		Accumulated other comprehensive loss		Non-controlling interests		Total equity
Balance as of September 30, 2025	$	95,104	$	365,696	$	1,209,917	$	(386,497)	$	41,377	$	1,325,597
Net income	—		—		33,885		—		1,312		35,197
Other comprehensive income	—		—		—		4,883		(69)		4,814
Dividend reinvestment	2		37		—		—		—		39
Capital stock issued under employee benefit and stock plans(2)	134		7,143		—		—		—		7,277
Purchase of capital stock	(2)		(37)		—		—		—		(39)
Cash dividends ($0.20 per share)	—		—		(15,228)		—		—		(15,228)



Total equity, December 31, 2025	$	95,238	$	372,839	$	1,228,574	$	(381,614)	$	42,620	$	1,357,657


	Kennametal Shareholders’ Equity
(in thousands, except per share amounts)	Capital stock		Additional paid-in capital		Retained earnings		Accumulated other comprehensive loss		Non-controlling interests		Total equity
Balance as of September 30, 2024	$	97,145	$	403,975	$	1,177,023	$	(400,970)	$	40,790	$	1,317,963
Net income	—		—		17,928		—		1,109		19,037
Other comprehensive loss	—		—		—		(49,490)		(1,778)		(51,268)
Dividend reinvestment	2		40		—		—		—		42
Capital stock issued under employee benefit and stock plans(2)	172		4,753		—		—		—		4,925
Purchase of capital stock	(658)		(14,374)		—		—		—		(15,032)
Cash dividends ($0.20 per share)	—		—		(15,566)		—		—		(15,566)


Total equity, December 31, 2024	$	96,661	$	394,394	$	1,179,385	$	(450,460)	$	40,121	$	1,260,101

A summary of the changes in the carrying amounts of total equity, Kennametal Shareholders’ equity and equity attributable to noncontrolling interests for the six months ended December 31, 2025 and 2024 is as follows:


	Kennametal Shareholders’ Equity
(in thousands, except per share amounts)	Capital stock		Additional paid-in capital		Retained earnings		Accumulated other comprehensive loss		Non-controlling interests		Total equity
Balance as of June 30, 2025	$	95,015	$	373,902	$	1,201,755	$	(386,693)	$	40,669	$	1,324,648
Net income	—		—		57,183		—		2,646		59,829
Other comprehensive income	—		—		—		5,079		(695)		4,384
Dividend reinvestment	4		73		—		—		—		77
Capital stock issued under employee benefit and stock plans(2)	817		8,334		—		—		—		9,151
Purchase of capital stock	(598)		(9,470)		—		—		—		(10,068)
Cash dividends ($0.40 per share)	—		—		(30,364)		—		—		(30,364)



Total equity, December 31, 2025	$	95,238	$	372,839	$	1,228,574	$	(381,614)	$	42,620	$	1,357,657


	Kennametal Shareholders’ Equity
(in thousands, except per share amounts)	Capital stock		Additional paid-in capital		Retained earnings		Accumulated other comprehensive loss		Non-controlling interests		Total equity
Balance as of June 30, 2024	$	97,361	$	416,620	$	1,170,482	$	(434,588)	$	38,724	$	1,288,599
Net income	—		—		40,051		—		2,452		42,503
Other comprehensive loss	—		—		—		(15,872)		(1,055)		(16,927)
Dividend reinvestment	4		81		—		—		—		85
Capital stock issued under employee benefit and stock plans(2)	705		6,346		—		—		—		7,051
Purchase of capital stock	(1,409)		(28,653)		—		—		—		(30,062)
Cash dividends ($0.40 per share)	—		—		(31,148)		—		—		(31,148)


Total equity, December 31, 2024	$	96,661	$	394,394	$	1,179,385	$	(450,460)	$	40,121	$	1,260,101