TIC Solutions 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	164.43	139.13	87.06	62.59
Trading Asset Securities	-	-	3.1	0.01
Cash & Short-Term Investments	164.43	139.13	90.16	62.6
Cash Growth	24.14%	54.32%	44.03%	-
Receivables	577.58	236.52	233.24	234.84
Prepaid Expenses	49.87	18.58	10.51	10.28
Total Current Assets	791.88	394.24	333.91	307.72
Property, Plant & Equipment	317.07	219.23	134.71	157.63
Goodwill	1,564	845.94	511.5	505.4
Other Intangible Assets	1,534	740.66	264.34	299.14
Long-Term Deferred Tax Assets	0.79	0.77	2.37	1.53
Other Long-Term Assets	12.81	6.91	15.79	28.95
Total Assets	4,220	2,208	1,263	1,300
Accounts Payable	64.28	13.88	23.21	20.2
Accrued Expenses	154.62	65.04	60.35	50.53
Current Portion of Long-Term Debt	24.52	7.75	7.28	5.49
Current Portion of Leases	32.86	17.03	16.62	16.15
Current Income Taxes Payable	-	2.63	5.43	8.31
Total Current Liabilities	329.01	106.33	112.88	100.67
Long-Term Debt	1,591	747.05	668.03	555.86
Long-Term Leases	66.67	40.75	38.06	37.38
Long-Term Deferred Tax Liabilities	261.74	150.67	35.29	57.9
Other Long-Term Liabilities	21.33	11.76	26.35	26.42
Total Liabilities	2,270	1,057	880.62	778.23
Common Stock	0.02	0.01	0.05	0.05
Additional Paid-In Capital	2,100	1,294	366.33	511.35
Retained Earnings	-146.91	-106.99	17.45	23.74
Treasury Stock	-	-	-1.03	-1.03
Comprehensive Income & Other	-2.69	-35.49	-0.8	-11.98
Shareholders' Equity	1,951	1,151	382	522.13
Total Liabilities & Equity	4,220	2,208	1,263	1,300
Total Debt	1,715	812.58	730	614.88
Net Cash (Debt)	-1,551	-673.45	-639.83	-552.28
Net Cash Per Share	-11.61	-12.30	-127.34	-108.42
Filing Date Shares Outstanding	221.56	1	5.69	5.03
Total Common Shares Outstanding	203.04	122.48	5.69	5.03
Working Capital	462.87	287.91	221.03	207.05
Book Value Per Share	9.61	9.40	67.11	103.88
Tangible Book Value	-1,147	-435.42	-393.84	-282.41
Tangible Book Value Per Share	-5.65	-3.56	-69.19	-56.19
Land	6.11	5.95	5.39	5.28
Buildings	23.78	19.31	20.21	16.2
Machinery	268.86	179	241.24	210.18
Construction In Progress	26.14	6.88	2.9	7.42

Updated Nov 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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