TILT Holdings Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	0.77	3	2.03	2.2	4.22	8.86
Cash & Short-Term Investments	0.77	3	2.03	2.2	4.22	8.86
Cash Growth	-43.94%	47.64%	-7.63%	-47.83%	-52.35%	243.37%
Accounts Receivable	5.69	11.9	17.92	26.7	32.39	14.57
Receivables	5.69	11.9	17.92	27.21	34.85	17.23
Inventory	10.9	22.51	32.91	52.91	55.58	63.84
Prepaid Expenses	1.15	2.14	2.12	1.98	2.73	4.56
Restricted Cash	1.28	1.3	1.3	1.3	2.73	-
Other Current Assets	10.45	-	-	0.33	0.5	7.41
Total Current Assets	30.23	40.85	56.27	85.93	100.61	101.89
Property, Plant & Equipment	17.97	44.13	65.72	73.03	72.78	77.98
Long-Term Investments	-	-	0	6.4	6.7	1.19
Goodwill	17.72	17.72	17.72	20.75	70.55	88.42
Other Intangible Assets	40.55	44.55	84.8	102.71	128.77	138.64
Long-Term Deferred Tax Assets	-	-	3.66	-	-	7.01
Other Long-Term Assets	30.98	3.16	1.95	1.45	0.27	-
Total Assets	138.29	151.32	231.19	293.98	381.35	429.6
Accounts Payable	48.31	50.27	46.33	49.26	37.78	31.82
Accrued Expenses	0.7	1.5	1.53	4.61	5.7	-
Short-Term Debt	-	-	-	2.8	2.8	-
Current Portion of Long-Term Debt	66.54	28.34	17.05	59.38	40.76	4.67
Current Portion of Leases	0.11	1.27	1.28	1.21	1.69	1.62
Current Income Taxes Payable	3.02	2.82	2.56	0.98	-	0.08
Current Unearned Revenue	1.43	3.14	6.08	5.76	5.18	6.31
Other Current Liabilities	4.01	0.13	1.24	1.5	5.6	-
Total Current Liabilities	124.11	87.46	76.07	125.5	99.5	44.49
Long-Term Debt	13.52	43.75	35.11	0.35	45.86	67.08
Long-Term Leases	16.05	56.27	56.56	44.97	10.25	11.65
Long-Term Deferred Tax Liabilities	0.7	0.7	-	1.37	0.09	23.34
Other Long-Term Liabilities	46.34	0.35	1.06	0.27	-	-
Total Liabilities	200.71	188.53	168.8	172.46	155.68	146.56
Common Stock	856.24	856.24	856.42	858.14	854.95	851.85
Additional Paid-In Capital	226.32	226.24	225.25	225.13	224.84	216.11
Retained Earnings	-1,151	-1,126	-1,026	-963.7	-856.25	-800.07
Comprehensive Income & Other	6.07	6.07	6.81	1.78	1.95	15.16
Total Common Equity	-62.42	-37.2	62.39	121.35	225.49	283.05
Minority Interest	-	-	-	0.17	0.18	-
Shareholders' Equity	-62.42	-37.2	62.39	121.52	225.67	283.05
Total Liabilities & Equity	138.29	151.32	231.19	293.98	381.35	429.6
Total Debt	96.22	129.63	109.99	108.71	101.35	85.01
Net Cash (Debt)	-95.45	-126.62	-107.96	-106.5	-97.12	-76.15
Net Cash Per Share	-0.24	-0.33	-0.28	-0.28	-0.26	-0.21
Filing Date Shares Outstanding	391.29	391.23	384.83	377.6	374.27	323.26
Total Common Shares Outstanding	391.29	391.23	384.83	377.52	374.08	323.26
Working Capital	-93.88	-46.61	-19.8	-39.57	1.12	57.4
Book Value Per Share	-0.16	-0.10	0.16	0.32	0.60	0.88
Tangible Book Value	-120.7	-99.47	-40.13	-2.11	26.18	55.99
Tangible Book Value Per Share	-0.31	-0.25	-0.10	-0.01	0.07	0.17
Land	-	5.01	6.27	6.43	0.17	0.17
Buildings	-	51.87	51.88	60.18	15.04	14.78
Machinery	2.92	14.62	14.28	14.74	13.45	12.51
Construction In Progress	0.16	0.48	0.31	0.61	3.39	6.94
Leasehold Improvements	2.7	10.44	10.38	9.96	46.59	39.66

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.