Solstice Advanced Materials Inc.

Listed Company

SOLSCIK 0002064953NasdaqNon-AcceleratedChemicals & Allied ProductsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$3.89B

Net Income

$237.00M

Total Assets

$5.67B

Equity

$1.41B

Shares Out

158.75M

Op. Cash Flow

$455.00M

Business

Solstice Advanced Materials Inc. is a global advanced materials company providing refrigerants, blowing agents, conversion services for the nuclear energy sector, semiconductor materials, protective fibers and healthcare packaging. It offers low‑GWP refrigerants and propellants, blowing agents and solvents, high‑barrier pharmaceutical films, uranium hexafluoride conversion, sputtering targets, UHMWPE fibers and high‑purity life‑science chemicals. The company operates two reportable segments—Refrigerants & Applied Solutions (RAS) and Electronic & Specialty Materials (ESM)—with businesses such as Refrigerants, Building Solutions & Intermediates, Nuclear (AES), Healthcare Packaging, Electronic Materials, Safety & Defense and Research & Performance Chemicals. Solstice distributes products globally to OEMs, wholesalers, distributors and strategic partners across HVAC/R, automotive, nuclear, semiconductor, defense, pharmaceutical and construction end markets.

Summary from filing dated 2026-02-19

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
Net sales	3,886	3,770	3,649
Total cost of products and services sold	2,636	2,464	2,366
Research and development expenses	97	83	81
Selling, general and administrative expenses	421	392	378
Transaction-related costs	117	26	1
Other expense (income)	−60	−5	−7
Interest and other financial charges	28	13	16
Total costs, expenses and other	3,239	2,973	2,835
Income before taxes	647	797	814
Income tax expense	362	192	195
Net income	285	605	619
Less: Net income (loss) attributable to noncontrolling interest	48	11	−2
Net income attributable to Solstice Advanced Materials	237	594	621
Basic earnings per share (in usd per share)	1.49	3.74	3.91
Diluted earnings per share (in usd per share)	1.49	3.74	3.91
Weighted average number of common shares outstanding - basic (in shares)	159	159	159
Weighted average number of common shares outstanding - diluted (in shares)	159	159	159

Consolidated Balance Sheet

As of · 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
Cash and cash equivalents	534	661	—	—
Accounts receivable, less allowances	645	569	—	—
Inventories	715	558	—	—
Product loans receivable, current	300	0	—	—
Other current assets	193	73	—	—
Total current assets	2,388	1,861	—	—
Property, plant and equipment net	2,055	1,746	—	—
Goodwill	820	806	814	—
Intangible assets net	49	35	—	—
Deferred income taxes	6	3	—	—
Product loans receivable	0	264	—	—
Equity method investments	162	146	—	—
Noncurrent assets	192	142	—	—
Total assets	5,673	5,004	—	—
Accounts payable	909	778	—	—
Current portion of long-term debt	4	0	—	—
Product loans payable, current	320	0	—	—
Finance lease liabilities, current	14	22	—	—
Accrued and other current liabilities	467	283	—	—
Total current liabilities	1,713	1,083	—	—
Long-term debt	1,968	0	—	—
Deferred income taxes	233	179	—	—
Product loans payable, noncurrent	16	293	—	—
Finance lease liabilities, noncurrent	104	37	—	—
Other noncurrent liabilities	262	230	—	—
Total liabilities	4,296	1,822	—	—
Commitments and Contingencies	—	—	—	—
Common stock (par value $0.01 per share; 500,000,000 shares authorized; 158,747,196 shares issued and outstanding at December 31, 2025; 0 shares issued and outstanding at December 31, 2024)	2	0	—	—
Additional paid-in capital	1,495	0	—	—
Net Parent investment	0	3,471	—	—
Accumulated other comprehensive loss	−127	−213	—	—
Retained earnings	41	0	—	—
Total Solstice Advanced Materials stockholders equity	1,411	3,258	—	—
Noncontrolling interest	−34	−76	—	—
Total equity	1,377	3,182	3,028	2,718
Total liabilities and equity	5,673	5,004	—	—

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
Depreciation	191	175	170
Amortization	29	42	51
Equity income of affiliated companies	−19	−19	−17
Gain on sale of fixed assets	−15	0	−9
Stock compensation expense	27	17	18
Accrued interest on long-term debt	24	0	0
Deferred income taxes	52	−6	−36
Accounts receivable	−51	40	−134
Inventories	−146	−16	−78
Other assets	−117	−3	−14
Accounts payable	77	12	78
Accrued liabilities, current	102	44	30
Deferred income and customer advances	2	−20	53
Other liabilities	15	−29	29
Net cash provided by operating activities	455	842	760
Capital expenditures paid	−336	−296	−299
Cash paid for long-life catalysts and deferred maintenance	−2	−1	−33
Purchase of intangible assets	−16	0	0
Proceeds from disposals of property, plant, and equipment	23	0	11
Other	0	−1	−3
Net cash used for investing activities	−330	−298	−324
Net transfers to Parent	−684	−414	−345
Issuance of long-term debt	2,000	0	0
Payment of deferred financing costs	−38	0	0
Dividend to parent	−1,500	0	0
Finance lease payments	−13	−39	−33
Net cash used for financing activities	−235	−453	−378
Effect of foreign exchange rate changes on cash and cash equivalents	−15	−36	−1
Net (decrease) increase in cash and cash equivalents	−126	55	57
Income taxes paid, net of refunds	50	22	24
Interest paid on finance leases	4	10	17

Filings

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