INNOSPEC INC.

Listed Company

IOSPCIK 0001054905NasdaqLarge AcceleratedChemicals & Allied ProductsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.78B

Net Income

$116.60M

Total Assets

$1.83B

Equity

$1.33B

Shares Out

24.78M

Op. Cash Flow

$138.30M

Business

Innospec Inc. develops, manufactures, blends, markets and supplies a wide range of specialty chemicals for industrial and consumer applications. Its main products and services include technology-based Performance Chemicals for personal care, home care, agrochemical, construction and mining markets; Fuel Specialties fuel additives for diesel, jet, marine and other fuels; and Oilfield Services chemicals for drilling, completion, production and drag reducing agents. The company reports three reportable segments: Performance Chemicals, Fuel Specialties and Oilfield Services. It sells products across the Americas, Europe, the Middle East, Africa and Asia‑Pacific through manufacturing, blending and supply operations, long‑term contracts and direct relationships with multinational customers, fuel marketers, terminals and industrial end users.

Summary from filing dated 2025-02-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	1,778	1,845	1,949	1,964	1,483
Cost of goods sold	−1,286	−1,303	−1,358	−1,377	−1,049
Gross profit	492	543	591	587	435
Selling, general and administrative	−285	−305	−381	−361	−267
Research and development	−51	−57	−49	−39	−37
Adjustment to fair value of contingent consideration	16	−3	0	0	—
Restructuring charge	−900,000	0	0	0	0
Impairment of property, plant and equipment	−23	0	0	—	—
Impairment of intangible assets	−19	0	0	0	0
Profit on disposal of property, plant and equipment	200,000	200,000	0	—	—
Total operating expenses	−363	−365	−430	−399	−303
Operating income	130	178	162	187	132
Other income/(expense), net	−600,000	10	11	−2	4
Pension scheme settlement charge	0	−156	0	0	—
Interest income/(expense), net	9	9	2	−1	−2
Income before income tax expense	138	41	174	185	134
Income tax expense	−22	−6	−35	−52	−41
Net income	117	36	139	133	93
Basic (per share)	4.69	1.43	5.6	5.37	3.78
Diluted (per share)	4.67	1.42	5.56	5.32	3.75
Basic (shares)	25	25	25	25	25
Diluted (shares)	25	25	25	25	25

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2025 2025-07-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	293	—	289	204	147
Trade and other accounts receivable (less allowances of $11.8 million and $11.9 million, respectively)	342	—	342	360	335
Finished goods	226	—	198	216	259
Raw materials	103	—	103	84	114
Total inventories	329	—	301	300	373
Prepaid expenses	20	—	21	19	14
Prepaid income taxes	13	—	3	3	3
Other current assets	7	—	600,000	600,000	400,000
Total current assets	1,005	—	957	886	873
Net property, plant and equipment	286	—	270	268	221
Operating leases right-of-use assets	53	—	45	45	45
Goodwill	399	2	383	399	359
Other intangible assets	68	—	65	57	45
Deferred tax assets	14	—	9	10	6
Pension asset	0	—	2	35	48
Other non-current assets	9	—	4	6	7
Total assets	1,832	—	1,735	1,707	1,604
Accounts payable	175	—	164	164	165
Accrued liabilities	152	—	169	186	203
Current portion of operating lease liabilities	16	—	14	14	14
Current portion of plant closure provisions	5	—	5	5	5
Current portion of acquisition-related contingent consideration	7	—	0	—	—
Current portion of accrued income taxes	5	—	20	3	18
Total current liabilities	360	—	371	372	406
Operating lease liabilities, net of current portion	37	—	31	32	31
Plant closure provisions, net of current portion	60	—	55	57	52
Deferred tax liabilities	19	—	24	34	26
Pension liabilities and post-employment benefits	13	—	13	13	12
Acquisition-related contingent consideration	1	—	20	23	0
Other non-current liabilities	9	—	4	2	1
Total liabilities	500	—	519	558	563
Common stock, $0.01 par value, authorized 40,000,000 shares, issued 29,554,500 shares	300,000	—	300,000	300,000	300,000
Additional paid-in capital	377	—	370	361	354
Treasury stock (4,776,918 and 4,594,943 shares at cost, respectively)	−115	—	−93	−94	−95
Retained earnings	1,099	—	1,025	1,028	924
Accumulated other comprehensive loss	−35	—	−91	−148	−145
Total Innospec stockholders' equity	1,326	—	1,211	1,147	1,038
Non-controlling interest	7	—	5	3	2
Total equity	1,333	—	1,216	1,150	1,040
Total liabilities and equity	1,832	—	1,735	1,707	1,604

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	44	44	39	40	43
Adjustment to fair value of contingent consideration	−16	3	0	—	—
Deferred taxes	−10	−39	4	−6	6
Non-cash movements of defined benefit pension plans	3	152	−3	—	—
Stock option compensation	8	9	8	7	4
Trade and other accounts receivable	22	4	−13	−56	−70
Inventories	−7	−12	83	−99	−62
Prepaid expenses	2	−3	−4	5	−4
Accounts payable and accrued liabilities	−33	−5	−27	54	90
Plant closure provisions	−2	900,000	4	1	−1
Accrued income taxes	−22	6	−26	9	−3
Unrecognized tax benefits	0	−15	1	−3	300,000
Other assets and liabilities	−9	4	2	−3	2
Net cash provided by operating activities	138	185	207	82	93
Capital expenditures	−50	−41	−62	−40	−39
Proceeds on disposal of property, plant and equipment	1	500,000	100,000	200,000	3
Business combinations, net of cash acquired	−700,000	−200,000	−35	0	0
Internally developed software	−25	−21	−15	−3	0
Net cash used in investing activities	−75	−62	−112	−42	−36
Non-controlling interest	2	2	0	2	100,000
Repayment of term loan	0	0	−2	0	0
Refinancing costs	0	−300,000	−1	0	0
Dividend paid	−42	−39	−35	−32	−29
Issue of treasury stock	500,000	2	900,000	2	10
Repurchase of common stock	−24	−700,000	−1	−6	−800,000
Net cash used in financing activities	−64	−35	−39	−34	−20
Effect of foreign currency exchange rate changes on cash	4	−2	100,000	−600,000	−500,000
Net change in cash and cash equivalents	3	86	57	5	37

Filings

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