Titan America SA (TTAM) Cash Flow: Operating & Free Cash Flow

Titan America SA Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Titan America SA (TTAM) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Operating Activities
Net Income	244.84	223.62	202.38	79.69	74.56
Depreciation & Amortization	108.72	99.94	91.08	87.73	81.73
Change in Working Capital	-27.06	-43.52	-42.33	-5.64	-32.98
Change in Accounts Receivable	-5.18	14.56	-4.24	-7.58	-13.88
Change in Inventory	-1.07	-37.65	-9.19	-40.64	-17.85
Change in Accounts Payable	-15.87	-16.08	-29.53	57.27	16.16
Change in Other Working Capital	23.70	-4.34	28.10	-5.64	24.31
Other Operating Activities	23.70	-32.01	28.10	21.91	24.31
Net Cash from Operating Activities	295.41	248.04	227.13	178.37	146.70
Investing Activities
Capital Expenditures	-164.38	-137.01	-118.74	-125.37	-71.45
Acquisitions	0.00	0.00	0.00	0.27	-
Purchases of Investments	0.00	0.00	0.00	0.27	-
Sales/Maturities of Investments	5.37	0.00	0.00	-2.90	-9.19
Other Investing Activities	3.00	-0.38	-0.51	0.71	0.47
Net Cash from Investing Activities	-152.18	-135.80	-117.65	-127.30	-70.30
Financing Activities
Debt Repayment	-56.16	61.03	-154.99	-96.71	-113.53
Common Stock Issued	144.00	-2.83	0.00	0.00	-
Common Stock Repurchased	0.00	-51.59	0.00	0.00	-82.37
Dividends Paid	0.00	-85.07	-33.79	0.00	-
Other Financing Activities	-1.45	-44.87	14.67	-41.04	-17.50
Net Cash from Financing Activities	56.39	-123.33	-117.78	-21.66	-197.14
Summary
Effect of Forex Changes on Cash	0.00	1.18	0.50	0.23	-0.53
Net Change in Cash	199.63	-9.91	-8.31	29.64	-120.73
Cash at Beginning of Period	12.12	22.04	29.84	0.20	121.46
Cash at End of Period	211.75	12.12	22.04	29.84	0.20
Free Cash Flow	131.03	111.03	108.38	53.00	75.25
Supplemental Disclosures
Interest Paid	-	25.38	23.78	20.93	20.87
Income Taxes Paid	-	67.94	53.12	5.31	-2.01

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Titan America SA Cash Flow

What is Titan America SA's free cash flow?

Titan America SA generated free cash flow of $131.03M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $295.41M minus $164.38M of capital expenditures. That was up 18.0% from $111.03M a year earlier. Free cash flow equaled 7.9% of revenue.

How much does Titan America SA spend on capital expenditures?

Titan America SA spent $164.38M on capital expenditures in fiscal 2025, compared with $137.01M a year earlier. That equals 55.6% of operating cash flow.

Does Titan America SA pay dividends or buy back shares?

Titan America SA's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition