Titan America SA's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Titan America SA reported revenue of $1.7B (+1.8% year on year) and net income of $185.4M (+11.7% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY |
|---|---|---|
| Revenue | $1.7B | $1.6B |
| Cost of goods sold | ($1.2B) | ($1.2B) |
| Gross profit | $435.0M | $416.7M |
| Selling expense | ($34.3M) | ($33.6M) |
| General and administrative expense | ($130.1M) | ($128.9M) |
| Net impairment losses on financial assets | $479.0K | ($398.0K) |
| Fair value loss on sale of accounts receivable, net | ($4.0M) | ($4.6M) |
| Other operating income | $1.1M | $2.3M |
| Operating income | $268.1M | $251.4M |
| Finance cost, net | ($22.6M) | ($26.2M) |
| Foreign exchange (loss)/gain, net | ($45.1M) | $20.8M |
| Derivative financial instrument gain/(loss), net | $41.8M | ($22.4M) |
| Other non-operating income | $2.6M | — |
| Income before income taxes | $244.8M | $223.6M |
| Income tax expense | ($59.4M) | ($57.5M) |
| Net income | $185.4M | $166.1M |
| Basic earnings per share (in usd per share) | $1.01 | $0.95 |
| Diluted earnings per share (in usd per share) | $1.01 | $0.95 |
| Weighted average number of common stock - basic (in shares) | 183.4M | 175.4M |
| Weighted average number of common stock - diluted (in shares) | 183.5M | 175.4M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY |
|---|---|---|
| Cash and cash equivalents | $211.8M | $12.1M |
| Derivative financial instruments | $17.0K | $709.0K |
| Trade receivables, net | $54.3M | $48.1M |
| Other receivables, net | $58.1M | $57.9M |
| Inventories | $226.4M | $227.6M |
| Prepaid expenses and other current assets | $18.1M | $14.3M |
| Income taxes receivable | $41.3M | $22.8M |
| Total current assets | $610.0M | $384.3M |
| Derivative financial instruments | $28.0M | $0 |
| Derivative credit support payments | $0 | $619.0K |
| Property, plant, equipment and mineral deposits, net | $930.0M | $851.7M |
| Right-of-use assets | $66.2M | $64.7M |
| Other assets | $9.1M | $10.1M |
| Intangible assets, net | $29.0M | $30.2M |
| Goodwill | $221.6M | $221.6M |
| Total noncurrent assets | $1.3B | $1.2B |
| Total assets | $1.9B | $1.6B |
| Accounts payable | $130.5M | $139.8M |
| Related party payables | $14.2M | $8.7M |
| Accrued expenses | $22.1M | $24.9M |
| Derivative credit support receipts | $17.0K | $304.0K |
| Provisions | $8.9M | $10.1M |
| Contract liabilities | $6.8M | $6.3M |
| Income taxes payable | $2.2M | $1.9M |
| Short-term borrowings, including accrued interest | $5.4M | $33.6M |
| Lease liabilities | $11.2M | $12.4M |
| Total current liabilities | $201.2M | $239.0M |
| Long-term borrowings | $390.4M | $358.2M |
| Lease liabilities | $55.4M | $56.0M |
| Retirement benefit obligations | $7.1M | $5.1M |
| Derivative financial instruments | $0 | $1.0M |
| Derivative credit support receipts | $28.3M | $0 |
| Provisions | $61.4M | $50.9M |
| Other noncurrent liabilities | $330.0K | $330.0K |
| Deferred income tax liability | $115.6M | $98.2M |
| Total noncurrent liabilities | $658.6M | $577.2M |
| Total liabilities | $859.8M | $816.2M |
| Common stock | $1.8B | $1.8B |
| Share premium | $865.9M | $852.3M |
| Capital reserves | $4.0M | $4.0M |
| Retained earnings | $777.7M | $597.3M |
| Common control reserve | ($2.5B) | ($2.5B) |
| Accumulated other comprehensive income/(loss) | $3.4M | $3.4M |
| Total stockholders’ equity | $1.0B | $750.0M |
| Total liabilities and stockholders’ equity | $1.9B | $1.6B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY |
|---|---|---|
| Income before income taxes | $244.8M | $223.6M |
| Depreciation, depletion and amortization | $108.7M | $99.9M |
| Gain on sale of investment | ($2.6M) | — |
| Finance cost | $28.3M | $27.6M |
| Finance income | ($5.8M) | ($1.5M) |
| Foreign exchange loss/(gain), net | $45.1M | ($20.8M) |
| Derivative financial instrument (gain)/loss, net | ($41.8M) | $22.4M |
| Increase (decrease) in working capital | ($27.1M) | ($43.5M) |
| Other | $1.1M | $8.2M |
| Cash generated from operations before income taxes | $350.9M | $316.0M |
| Income taxes, net | ($55.5M) | ($67.9M) |
| Net cash provided by operating activities | $295.4M | $248.0M |
| Investments in property, plant and equipment | ($160.5M) | ($135.4M) |
| Investments in intangible assets | ($3.8M) | ($1.6M) |
| Interest received | $5.8M | $1.5M |
| Proceeds from the sale of assets, net of disposition costs | $1.1M | ($259.0K) |
| Proceeds from sale of investment | $5.4M | — |
| Net cash used in investing activities | ($152.2M) | ($135.8M) |
| Repayment of affiliated party borrowings | ($21.1M) | ($39.7M) |
| Borrowings from affiliated party | $0 | $85.2M |
| Offering costs associated with borrowings | $0 | ($682.0K) |
| Borrowings from third party line of credit | $0 | $60.0M |
| Repayment of third party line of credit | ($25.0M) | ($35.0M) |
| Lease payments | ($10.1M) | ($9.5M) |
| Return of capital | 0 | -51.6M |
| Share Premium Distribution Paid | ($29.5M) | — |
| Dividends paid | $0 | ($85.1M) |
| Capital increase expenses | $0 | ($155.0K) |
| Contribution from related party | $0 | $200.0K |
| Proceeds from issuance of common stock in IPO | 144.0M | — |
| Related party recharge for stock-based compensation | ($6.5M) | ($2.8M) |
| Settlement of derivative financial instrument | $5.1M | ($16.8M) |
| Derivative credit support receipts | $32.4M | $243.0K |
| Interest paid | ($23.6M) | ($25.4M) |
| IPO Costs | ($9.4M) | ($2.3M) |
| Net cash provided by financing activities | $56.4M | ($123.3M) |
| Net (decrease)/increase in cash and cash equivalents | $199.6M | ($11.1M) |
| Cash and cash equivalents at beginning of period | $12.1M | $22.0M |
| Effects of exchange rate changes | $0 | $1.2M |
| Cash and cash equivalents at end of period | $211.8M | $12.1M |
| Inventories | ($1.1M) | ($37.6M) |
| Trade receivables, net | ($5.7M) | $7.1M |
| Other receivables, net | $509.0K | $7.4M |
| Prepaid expenses and other current assets | ($3.4M) | $1.9M |
| Other assets | ($1.3M) | ($534.0K) |
Titan America SA score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.