Titan America SA balance sheet

At the end of fiscal 2025, Titan America SA had total assets of $1.89bn, total liabilities of $860m and shareholders' equity of $1.03bn. It held $212m in cash against $396m of debt: net debt of $184m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Titan America SA: balance sheet, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	30	22	12	212
Inventory	—	190	228	226
Total current assets	—	373	384	610
Goodwill	—	222	222	222
Total assets	—	1,499	1,566	1,894
Total current liabilities	—	492	239	201
Short-term debt	—	268	34	5
Long-term debt	—	76	358	390
Total debt	0	344	392	396
Total liabilities	—	779	816	860
Shareholders' equity	593	720	750	1,034
Net debt (negative = net cash)	−30	322	380	184
Shares outstanding	—	—	175m	184m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Titan America SA's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Titan America SA.