NYSEAMERICAN : TII
Titan Mining Corporation — Financial statements
Materials · Other Industrial Metals & Mining · Canada
Last price 1.99 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 196.50M
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Financial statements
Titan Mining Corporation (TII) reported revenue of 87.18M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 87.18M | 74.24M | 64.30M | 52.09M | 62.06M | 55.59M |
| Cost of Revenue | 56.95M | 56.59M | 51.52M | 46.77M | 42.75M | 34.82M |
| Gross Profit | 30.23M | 17.65M | 12.79M | 5.31M | 19.31M | 20.77M |
| Selling, General & Admin | 7.80M | 4.89M | 3.75M | 4.39M | 4.77M | 4.00M |
| Other Operating Expenses | 9.37M | 2.30M | -1.22M | 257.00K | 85.00K | -47.00K |
| Operating Expenses | 20.10M | 9.57M | 4.39M | 19.43M | 19.08M | 19.12M |
| Operating Income | 10.13M | 8.08M | 8.40M | -14.12M | 227.00K | 1.65M |
| Interest Expense | -2.16M | -2.24M | -3.61M | -3.89M | -2.60M | -2.79M |
| Interest & Investment Income | 307.00K | 322.00K | 315.00K | 234.00K | 155.00K | 10.00K |
| Currency Exchange Gain (Loss) | 455.00K | 66.00K | 1.79M | 815.00K | 1.58M | -631.00K |
| Other Non Operating Income (Expenses) | -16.91M | -6.58M | -277.00K | 6.74M | 2.25M | 81.00K |
| EBT Excluding Unusual Items | -8.18M | -350.00K | 6.62M | -10.23M | 1.61M | -1.68M |
| Other Unusual Items | -16.00K | 322.00K | 98.00K | 33.00K | -2.48M | 2.44M |
| Pretax Income | -8.20M | -28.00K | 6.72M | -10.20M | -870.00K | 754.00K |
| Income Tax Expense | 732.00K | 48.00K | 170.00K | 14.00K | 70.00K | 300.00K |
| Net Income | -8.93M | -76.00K | 6.55M | -10.21M | -940.00K | 454.00K |
| Net Income to Common | -8.93M | -76.00K | 6.55M | -10.21M | -940.00K | 454.00K |
| Shares Outstanding (Basic) | 94.19M | 91.12M | 90.91M | 91.72M | 92.65M | 92.65M |
| Shares Outstanding (Diluted) | 94.19M | 91.12M | 90.91M | 91.72M | 92.65M | 92.65M |
| EPS (Basic) | -0.09 | -0.00 | 0.07 | -0.11 | -0.01 | 0.00 |
| EPS (Diluted) | -0.09 | -0.00 | 0.07 | -0.11 | -0.01 | 0.00 |
| Free Cash Flow | -3.73M | -99.00K | 12.47M | -2.23M | 11.36M | 2.67M |
| Free Cash Flow Per Share | -0.04 | -0.00 | 0.14 | -0.02 | 0.12 | 0.03 |
| Dividend Per Share | 0.01 | 0.01 | ||||
| Gross Margin | 34.67% | 23.78% | 19.89% | 10.20% | 31.11% | 37.36% |
| Operating Margin | 11.62% | 10.88% | 13.06% | -27.12% | 0.37% | 2.97% |
| Profit Margin | -10.25% | -0.10% | 10.18% | -19.60% | -1.52% | 0.82% |
| Free Cash Flow Margin | -4.28% | -0.13% | 19.39% | -4.28% | 18.30% | 4.80% |
| EBITDA | 14.82M | 13.53M | 17.43M | -977.00K | 12.23M | 13.00M |
| EBITDA Margin | 17.00% | 18.22% | 27.11% | -1.88% | 19.71% | 23.38% |
| D&A For EBITDA | 4.69M | 5.45M | 9.03M | 13.15M | 12.01M | 11.35M |
| EBIT | 10.13M | 8.08M | 8.40M | -14.12M | 227.00K | 1.65M |
| EBIT Margin | 11.62% | 10.88% | 13.06% | -27.12% | 0.37% | 2.97% |
| Effective Tax Rate | 2.53% | 39.79% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 13.30M | 17.48M | 10.16M | 5.03M | 6.72M | 6.04M |
| Cash & Short-Term Investments | 13.30M | 17.48M | 10.16M | 5.03M | 6.72M | 6.04M |
| Accounts Receivable | 8.09M | 4.42M | 3.99M | 1.50M | 2.13M | 3.23M |
| Other Receivables | 31.00K | 32.00K | 35.00K | 14.00K | 39.00K | 16.00K |
| Receivables | 8.12M | 4.45M | 4.02M | 1.51M | 2.17M | 3.24M |
| Inventory | 11.74M | 10.01M | 8.24M | 7.21M | 6.95M | 3.89M |
| Prepaid Expenses | 960.00K | 1.22M | 896.00K | 813.00K | ||
| Other Current Assets | 5.41M | 1.73M | 706.00K | 655.00K | 1.75M | 4.32M |
| Total Current Assets | 39.54M | 34.90M | 24.03M | 15.22M | 17.59M | 17.49M |
| Property, Plant & Equipment | 40.79M | 39.20M | 30.43M | 36.87M | 46.39M | 58.08M |
| Other Long-Term Assets | 866.00K | 866.00K | 690.00K | 672.00K | 2.02M | 2.05M |
| Total Assets | 81.20M | 74.97M | 55.15M | 52.76M | 66.00M | 77.62M |
| Accounts Payable | 7.97M | 6.20M | 3.63M | 2.46M | 4.20M | 3.50M |
| Accrued Expenses | 387.00K | 1.04M | 856.00K | 416.00K | 406.00K | 559.00K |
| Short-Term Debt | 17.05M | 22.02M | 4.12M | 1.02M | 1.02M | |
| Current Portion of Long-Term Debt | 9.98M | 6.33M | 10.06M | 31.66M | 176.00K | 95.00K |
| Current Portion of Leases | 106.00K | 114.00K | 40.00K | 76.00K | 96.00K | 417.00K |
| Other Current Liabilities | 3.34M | 20.72M | 4.40M | 1.10M | ||
| Total Current Liabilities | 21.79M | 51.45M | 36.61M | 38.73M | 10.30M | 6.69M |
| Long-Term Debt | 16.12M | 2.78M | 29.86M | 34.62M | ||
| Long-Term Leases | 47.00K | 113.00K | 87.00K | 96.00K | 204.00K | |
| Other Long-Term Liabilities | 17.43M | 16.84M | 15.45M | 16.30M | 15.23M | 19.09M |
| Total Liabilities | 55.38M | 71.18M | 52.15M | 55.03M | 55.49M | 60.60M |
| Common Stock | 90.57M | 60.55M | 59.81M | 59.81M | 61.08M | 61.08M |
| Retained Earnings | -69.82M | -61.86M | -61.78M | -68.33M | -57.07M | -51.90M |
| Comprehensive Income & Other | 5.07M | 5.09M | 4.97M | 6.25M | 6.50M | 7.84M |
| Shareholders' Equity | 25.82M | 3.78M | 3.00M | -2.27M | 10.51M | 17.02M |
| Total Liabilities & Equity | 81.20M | 74.97M | 55.15M | 52.76M | 66.00M | 77.62M |
| Total Debt | 26.25M | 26.39M | 32.21M | 35.85M | 31.25M | 36.36M |
| Net Cash (Debt) | -12.95M | -8.91M | -22.05M | -30.82M | -24.53M | -30.32M |
| Net Cash Per Share | -0.14 | -0.10 | -0.24 | -0.34 | -0.26 | -0.33 |
| Filing Date Shares Outstanding | 98.98M | 98.29M | 90.91M | 90.91M | 92.65M | 92.65M |
| Total Common Shares Outstanding | 98.98M | 91.62M | 90.91M | 90.91M | 92.65M | 92.65M |
| Working Capital | 17.76M | -16.55M | -12.58M | -23.51M | 7.29M | 10.80M |
| Book Value Per Share | 0.26 | 0.04 | 0.03 | -0.02 | 0.11 | 0.18 |
| Tangible Book Value | 25.82M | 3.78M | 3.00M | -2.27M | 10.51M | 17.02M |
| Tangible Book Value Per Share | 0.26 | 0.04 | 0.03 | -0.02 | 0.11 | 0.18 |
| Land | 1.31M | 1.14M | 1.14M | 1.14M | 1.14M | 1.14M |
| Machinery | 54.92M | 46.55M | 41.38M | 39.61M | 36.16M | 37.47M |
| Construction In Progress | 3.54M | 9.37M | 960.00K | 3.84M | 3.83M | 1.85M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -8.93M | -76.00K | 6.55M | -10.21M | -940.00K | 454.00K |
| Depreciation & Amortization | 4.79M | 5.54M | 9.10M | 13.22M | 12.42M | 11.82M |
| Other Amortization | -11.00K | 72.00K | 880.00K | 754.00K | 238.00K | 262.00K |
| Loss (Gain) From Sale of Assets | 19.00K | |||||
| Stock-Based Compensation | 935.00K | 693.00K | 459.00K | 387.00K | 187.00K | 301.00K |
| Other Operating Activities | 18.81M | 7.64M | 109.00K | 1.68M | 2.67M | 978.00K |
| Change in Accounts Receivable | -4.27M | -434.00K | -2.53M | 701.00K | 1.07M | -2.00M |
| Change in Inventory | -1.91M | -1.46M | -967.00K | -774.00K | -2.39M | -208.00K |
| Change in Accounts Payable | 2.96M | 2.14M | 1.45M | -1.78M | -635.00K | -1.11M |
| Change in Other Net Operating Assets | -3.60M | -1.53M | -780.00K | -3.56M | 3.04M | -3.23M |
| Operating Cash Flow | 8.77M | 12.57M | 14.29M | 419.00K | 15.67M | 7.26M |
| Capital Expenditures | -12.50M | -12.67M | -1.82M | -2.65M | -4.31M | -4.59M |
| Sale of Property, Plant & Equipment | 45.00K | |||||
| Investing Cash Flow | -12.50M | -12.67M | -1.77M | -2.65M | -4.31M | -4.59M |
| Short-Term Debt Issued | 2.00M | 16.50M | 5.00M | |||
| Long-Term Debt Issued | 9.04M | 5.90M | 35.78M | |||
| Total Debt Issued | 6.47M | 11.04M | 16.50M | 10.90M | 35.78M | |
| Short-Term Debt Repaid | -10.17M | -22.00M | -5.00M | -20.71M | ||
| Long-Term Debt Repaid | -6.79M | -67.00K | -100.00K | -13.43M | -2.61M | |
| Lease Payments | -116.00K | -95.00K | -67.00K | -85.00K | -421.00K | -496.00K |
| Total Debt Repaid | -12.96M | -16.96M | -22.07M | -5.10M | -34.14M | -2.61M |
| Net Debt Issued (Repaid) | -6.49M | -5.93M | -5.57M | 5.80M | 1.64M | -2.61M |
| Issuance of Common Stock | 2.37M | 252.00K | 130.00K | |||
| Common Dividends Paid | -1.98M | -4.10M | -1.10M | |||
| Other Financing Activities | 13.13M | 13.21M | -1.73M | -3.38M | -8.41M | -354.00K |
| Financing Cash Flow | 9.00M | 7.53M | -7.29M | 567.00K | -10.87M | -4.06M |
| Foreign Exchange Rate Adjustments | -111.00K | -111.00K | -91.00K | -28.00K | 194.00K | -71.00K |
| Net Cash Flow | 5.16M | 7.32M | 5.13M | -1.69M | 679.00K | -1.46M |
| Free Cash Flow | -3.73M | -99.00K | 12.47M | -2.23M | 11.36M | 2.67M |
| Free Cash Flow Margin | -4.28% | -0.13% | 19.39% | -4.28% | 18.30% | 4.80% |
| Free Cash Flow Per Share | -0.04 | -0.00 | 0.14 | -0.02 | 0.12 | 0.03 |
| Levered Free Cash Flow | -4.34M | 17.19M | 9.55M | -4.99M | 11.48M | 1.82M |
| Unlevered Free Cash Flow | -2.98M | 18.52M | 10.92M | -3.31M | 12.87M | 3.30M |
| Free Cash Flow After Leases | -3.85M | -194.00K | 12.40M | -2.31M | 10.94M | 2.17M |
| Cash Interest Paid | 1.86M | 1.79M | 1.71M | 3.04M | 8.21M | 354.00K |
| Cash Income Tax Paid | 71.00K | |||||
| Change in Working Capital | -6.82M | -1.29M | -2.82M | -5.42M | 1.08M | -6.55M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 196.50M | 266.12M | 28.91M | 34.59M | 48.26M | 70.29M |
| Enterprise Value | 209.68M | 291.80M | 57.81M | 68.45M | 72.28M | 102.66M |
| Last Close Price | 1.99 | 2.96 | 0.32 | 0.40 | 0.52 | 0.61 |
| PE Ratio | 4.42 | 154.81 | ||||
| PS Ratio | 2.25 | 3.58 | 0.45 | 0.66 | 0.78 | 1.26 |
| PB Ratio | 7.61 | 70.33 | 9.63 | -15.24 | 4.59 | 4.13 |
| P/TBV Ratio | 7.61 | 70.33 | 9.63 | 4.59 | 4.13 | |
| P/FCF Ratio | 2.32 | 4.25 | 26.31 | |||
| P/OCF Ratio | 22.41 | 21.16 | 2.02 | 82.56 | 3.08 | 9.69 |
| EV/Sales Ratio | 2.41 | 3.93 | 0.90 | 1.31 | 1.17 | 1.85 |
| EV/EBITDA Ratio | 14.15 | 21.57 | 3.32 | 5.91 | 7.90 | |
| EV/EBIT Ratio | 20.70 | 36.11 | 6.88 | 318.42 | 62.26 | |
| EV/FCF Ratio | 4.64 | 6.36 | 38.44 | |||
| Debt / Equity Ratio | 1.02 | 6.97 | 10.72 | -15.79 | 2.97 | 2.14 |
| Debt / EBITDA Ratio | 1.76 | 1.94 | 1.84 | 2.47 | 2.70 | |
| Debt / FCF Ratio | 2.58 | 2.75 | 13.61 | |||
| Net Debt / Equity Ratio | 0.50 | 2.35 | 7.34 | -13.58 | 2.33 | 1.78 |
| Net Debt / EBITDA Ratio | 0.87 | 0.66 | 1.26 | -31.55 | 2.00 | 2.33 |
| Net Debt / FCF Ratio | -3.47 | -89.97 | 1.77 | -13.84 | 2.16 | 11.35 |
| Asset Turnover | 1.26 | 1.14 | 1.19 | 0.88 | 0.86 | 0.71 |
| Inventory Turnover | 5.40 | 6.20 | 6.67 | 6.61 | 7.89 | 9.93 |
| Quick Ratio | 0.98 | 0.43 | 0.39 | 0.17 | 0.86 | 1.39 |
| Current Ratio | 1.81 | 0.68 | 0.66 | 0.39 | 1.71 | 2.61 |
| Return on Equity (ROE) | -59.85% | -2.24% | 1,786.36% | -247.73% | -6.83% | 2.62% |
| Return on Assets (ROA) | 9.15% | 7.76% | 9.73% | -14.87% | 0.20% | 1.32% |
| Return on Invested Capital (ROIC) | 28.74% | 42.82% | 41.90% | -57.56% | 0.55% | 2.06% |
| Return on Capital Employed (ROCE) | 17.00% | 34.40% | 45.30% | -100.70% | 0.40% | 2.30% |
| Earnings Yield | -4.84% | -0.03% | 22.65% | -29.52% | -1.95% | 0.65% |
| FCF Yield | -1.90% | -0.04% | 43.14% | -6.44% | 23.53% | 3.80% |
| Dividend Yield | 3.00% | 2.13% | ||||
| Payout Ratio | 241.41% | |||||
| Buyback Yield / Dilution | -3.60% | -0.23% | 0.89% | 1.00% | -9.21% | |
| Total Shareholder Return | -3.60% | -0.23% | 0.89% | 4.00% | 2.13% | -9.21% |