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General information and summary of material accounting policies (Tables) | 12 Months Ended
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Dec. 31, 2024
Accounting Policies1 [Abstract] |
Disclosure of interests in subsidiaries | A listing of Company subsidiaries at December 31, 2024, 2023 and 2022 follows:
List of Legal Entities | Country of incorporation |  | State of incorporation |  | Nature of business |  | 2024 % of investment |  | 2023 % of investment |  | 2022 % of investment
Titan Atlantic Cement Industrial and Commercial S.A. | Greece |  | N/A |  | Investment holding company |  | 100% |  | 100% |  | 100%
Titan America LLC | USA |  | Delaware |  | Investment holding company |  | 100% |  | 100% |  | 100%
Essex Cement Company LLC | USA |  | Delaware |  | Trading company |  | 100% |  | 100% |  | 100%
Mechanicsville Concrete LLC | USA |  | Virginia |  | Ready-mix producer |  | 100% |  | 100% |  | 100%
Pennsuco Cement Company LLC | USA |  | Delaware |  | Investment holding company |  | 100% |  | 100% |  | 100%
Roanoke Cement Company LLC | USA |  | Virginia |  | Cement producer |  | 100% |  | 100% |  | 100%
S&W Ready-Mix Concrete Company LLC | USA |  | North Carolina |  | Ready-mix producer |  | 100% |  | 100% |  | 100%
Separation Technologies LLC | USA |  | Delaware |  | Fly ash beneficiation |  | 100% |  | 100% |  | 100%
ST Equipment & Technology LLC | USA |  | Delaware |  | Sales and engineering services |  | 100% |  | 100% |  | 100%
ST Equipment & Technology Trading Company LLC | USA |  | Delaware |  | Trading company |  | N/A |  | 100% |  | 100%
ST Mid-Atlantic LLC | USA |  | North Carolina |  | Investment holding company |  | N/A |  | N/A |  | 100%
Titan Florida LLC | USA |  | Delaware |  | Cement, aggregates, ready-mix and concrete block producer |  | 100% |  | 100% |  | 100%
Titan Mid-Atlantic Aggregates LLC | USA |  | Virginia |  | Aggregates producer |  | 100% |  | 100% |  | 100%
Titan Virginia Ready-Mix | USA |  | Delaware |  | Ready-mix concrete producer |  | 100% |  | 100% |  | 100%
Trusa Realty LLC | USA |  | Florida |  | Real estate holding company |  | 100% |  | 100% |  | 100%
Markfield America LLC | USA |  | Virginia |  | Insurance brokerage company |  | N/A |  | 100% |  | 100%
Titan Florida Holdings LLC | USA |  | Delaware |  | Investment holding company |  | 100% |  | 100% |  | N/A
Carolinas Cement Company LLC | USA |  | Delaware |  | Investment holding company |  | 100% |  | 100% |  | 100%
Norfapeake Terminal LLC | USA |  | Virginia |  | Real estate holding company |  | 100% |  | 100% |  | 100%
List of Legal Entities | Country of incorporation |  | State of incorporation |  | Nature of business |  | 2024 % of investment |  | 2023 % of investment |  | 2022 % of investment
S&W Ready-Mix LLC | USA |  | South Carolina |  | Ready-mix producer |  | 100% |  | 100% |  | 100%
Titan Florida Concrete Products LLC | USA |  | Delaware |  | Investment holding company |  | 100% |  | 100% |  | N/A
Titan Florida Aggregates LLC | USA |  | Delaware |  | Investment holding company |  | 100% |  | 100% |  | N/A
Titan Florida Cement LLC | USA |  | Delaware |  | Investment holding company |  | 100% |  | 100% |  | N/A
Metro Redi-Mix LLC | USA |  | Florida |  | Real estate holding company |  | 100% |  | 100% |  | 100%
Miami Valley Ready-Mix Florida LLC | USA |  | Delaware |  | Real estate holding company |  | 100% |  | 100% |  | 100%
Summit Ready-Mix LLC | USA |  | Florida |  | Real estate holding company |  | 100% |  | 100% |  | 100%
Silver Sand Transportation LLC | USA |  | Delaware |  | Transportation brokerage |  | 100% |  | 100% |  | 100%
Standard Concrete LLC | USA |  | Florida |  | Investment holding company |  | 100% |  | 100% |  | 100%
Massey Sand and Rock Co. | USA |  | California |  | Inactive |  | 100% |  | 100% |  | 100%
Daleville Development LLC | USA |  | Virginia |  | Real estate holding company |  | 100% |  | 100% |  | 100%
Nestor Timber Development LLC | USA |  | Virginia |  | Real estate holding company |  | 100% |  | 100% |  | 100%
SEI LLC | USA |  | North Carolina |  | Real estate holding company |  | 100% |  | 100% |  | 100%
Evergreen Wildlife Management LLC | USA |  | Virginia |  | Inactive |  | N/A |  | N/A |  | 100%
D.M Conner LLC | USA |  | Virginia |  | Aggregates producer |  | 100% |  | N/A |  | N/A
Disclosure of detailed information about property, plant and equipment | With the exception of quarries and refurbishments, depreciation is calculated using the straight-line method to allocate the cost of the assets to their residual values over their estimated useful lives, as follows:
| Cement |  | Aggregates |  | Other
Land improvements | 15 - 30 |  | 15 |  | 15
Building and improvements | 25 |  | 25 |  | 25
Machinery and equipment | 15-30 |  | 10-20 |  | 5-15
Mobile equipment | 7-25 |  | 7-15 |  | 7
Marine equipment | 20 |  | 20 |  | n/a
Auto and truck | 8 |  | 8 |  | 8
Furniture and fixtures | 3-5 |  | 3-5 |  | 3-5
Activity within property, plant, equipment and mineral deposits, for the year ended December 31, 2024 consists of the following:
|  | Quarries |  | Land & Land Improvements |  | Buildings |  | Machinery & equipment |  | Motor vehicles |  | Furniture & fixtures |  | Assets under construction |  | Total
January 1, 2024 |  | $ | 114,537 |  |  | $ | 157,668 |  |  | $ | 59,849 |  |  | $ | 288,025 |  |  | $ | 91,030 |  |  | $ | 4,289 |  |  | $ | 85,633 |  |  | $ | 801,031 |
Additions |  | 10,685 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 128,183 |  |  | 138,868 |
Disposals |  | — |  |  | (163) |  |  | (46) |  |  | (911) |  |  | (1,003) |  |  | — |  |  | — |  |  | (2,123) |
Reclassification |  | 2,323 |  |  | 9,040 |  |  | 35,490 |  |  | 61,829 |  |  | 58,784 |  |  | 4,362 |  |  | (171,828) |  |  | — |
Provision adjustments |  | (1,659) |  |  | (17) |  |  | (1) |  |  | (1,438) |  |  | — |  |  | — |  |  | — |  |  | (3,115) |
Capitalized interest |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 732 |  |  | 732 |
Depreciation, depletion, & amortization (DD&A) |  | (11,301) |  |  | (2,913) |  |  | (5,725) |  |  | (38,619) |  |  | (24,026) |  |  | (1,076) |  |  | — |  |  | (83,660) |
December 31, 2024 |  | $ | 114,585 |  |  | $ | 163,615 |  |  | $ | 89,567 |  |  | $ | 308,886 |  |  | $ | 124,785 |  |  | $ | 7,575 |  |  | $ | 42,720 |  |  | $ | 851,733 |
As of December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost |  | 266,275 |  |  | 225,351 |  |  | 185,795 |  |  | 994,491 |  |  | 344,003 |  |  | 22,733 |  |  | 49,215 |  |  | 2,087,863 |
Accumulated DD&A |  | (150,685) |  |  | (59,736) |  |  | (96,228) |  |  | (685,236) |  |  | (219,218) |  |  | (15,158) |  |  | (6,495) |  |  | (1,232,756) |
Impairment reserve |  | (1,005) |  |  | (2,000) |  |  | — |  |  | (369) |  |  | — |  |  | — |  |  | — |  |  | (3,374) |
Net book value |  | $ | 114,585 |  |  | $ | 163,615 |  |  | $ | 89,567 |  |  | $ | 308,886 |  |  | $ | 124,785 |  |  | $ | 7,575 |  |  | $ | 42,720 |  |  | $ | 851,733 |
10. Property, plant, equipment and mineral deposits (continued) Activity within property, plant, equipment and mineral deposits, for the year ended December 31, 2023 consists of the following
|  | Quarries |  | Land & Land Improvements |  | Buildings |  | Machinery & equipment |  | Motor vehicles |  | Furniture & fixtures |  | Assets under construction |  | Total
January 1, 2023 |  | $ | 113,948 |  |  | $ | 151,346 |  |  | $ | 35,740 |  |  | $ | 283,321 |  |  | $ | 87,928 |  |  | $ | 921 |  |  | $ | 75,062 |  |  | $ | 748,266 |
Additions |  | 7,917 |  |  | — |  |  | — |  |  | 681 |  |  | — |  |  | — |  |  | 111,521 |  |  | 120,119 |
Disposals |  | — |  |  | — |  |  | (255) |  |  | (3,405) |  |  | (339) |  |  | — |  |  | — |  |  | (3,999) |
Reclassification |  | 47 |  |  | 7,070 |  |  | 27,775 |  |  | 43,342 |  |  | 22,557 |  |  | 4,180 |  |  | (104,309) |  |  | 662 |
Provision adjustments |  | 4,778 |  |  | (32) |  |  | 118 |  |  | 2,885 |  |  | — |  |  | — |  |  | — |  |  | 7,749 |
Capitalized interest |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,826 |  |  | 2,826 |
Depreciation, depletion, & amortization (DD&A) |  | (11,148) |  |  | (2,166) |  |  | (3,529) |  |  | (38,430) |  |  | (19,116) |  |  | (812) |  |  | — |  |  | (75,201) |
Impairment reserve |  | (1,005) |  |  | 1,450 |  |  | — |  |  | (369) |  |  | — |  |  | — |  |  | 533 |  |  | 609 |
December 31, 2023 |  | $ | 114,537 |  |  | $ | 157,668 |  |  | $ | 59,849 |  |  | $ | 288,025 |  |  | $ | 91,030 |  |  | $ | 4,289 |  |  | $ | 85,633 |  |  | $ | 801,031 |
As of December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost |  | 254,832 |  |  | 216,944 |  |  | 150,219 |  |  | 957,365 |  |  | 313,197 |  |  | 19,248 |  |  | 90,670 |  |  | 2,002,475 |
Accumulated DD&A |  | (139,290) |  |  | (57,276) |  |  | (90,370) |  |  | (668,971) |  |  | (222,167) |  |  | (14,959) |  |  | (5,037) |  |  | (1,198,070) |
Impairment reserve |  | (1,005) |  |  | (2,000) |  |  | — |  |  | (369) |  |  | — |  |  | — |  |  | — |  |  | (3,374) |
Net book value |  | $ | 114,537 |  |  | $ | 157,668 |  |  | $ | 59,849 |  |  | $ | 288,025 |  |  | $ | 91,030 |  |  | $ | 4,289 |  |  | $ | 85,633 |  |  | $ | 801,031 |
Schedule of activity within intangible assets | The estimated useful lives for the major components of intangible assets are:
|  |  | Years
Customer Relationships |  |  | 5 -7
Software |  |  | 7
Tradenames |  |  | Indefinite
Activity within intangible assets, for the year ended December 31, 2024 consists of the following:
| Customer relationships |  | Tradenames |  | Software |  | Other |  | Total
January 1, 2024 | $ | — |  |  | $ | 13,980 |  |  | $ | 18,983 |  |  | $ | 250 |  |  | $ | 33,213 |
Additions | — |  |  | — |  |  | 1,591 |  |  | — |  |  | 1,591 |
Disposals | — |  |  | — |  |  | — |  |  | — |  |  | — |
Reclassification | — |  |  | — |  |  | — |  |  | — |  |  | — |
Amortization | — |  |  | — |  |  | (4,540) |  |  | (97) |  |  | (4,637) |
December 31, 2024 | $ | — |  |  | $ | 13,980 |  |  | $ | 16,034 |  |  | $ | 153 |  |  | $ | 30,167 |
As of December 31, 2024 |  |  |  |  |  |  |  |  |
Cost | $ | 2,153 |  |  | $ | 13,980 |  |  | $ | 37,854 |  |  | $ | 969 |  |  | $ | 54,956 |
Accumulated amortization | (2,153) |  |  | — |  |  | (21,820) |  |  | (816) |  |  | (24,789) |
Net book value | $ | — |  |  | $ | 13,980 |  |  | $ | 16,034 |  |  | $ | 153 |  |  | $ | 30,167 |
There were no write-offs of intangible assets for the year ended December 31, 2024. Activity within intangible assets, net, for the year ended December 31, 2023 consists of the following:
|  |  | Customer relationships |  | Tradenames |  | Software |  | Other |  | Total
January 1, 2023 |  |  | $ | 179 |  |  | $ | 13,980 |  |  | $ | 21,509 |  |  | $ | 348 |  |  | $ | 36,016 |
Additions |  |  | — |  |  | — |  |  | 1,832 |  |  | — |  |  | 1,832 |
Amortization |  |  | (179) |  |  | — |  |  | (4,358) |  |  | (98) |  |  | (4,635) |
December 31, 2023 |  |  | $ | — |  |  | $ | 13,980 |  |  | $ | 18,983 |  |  | $ | 250 |  |  | $ | 33,213 |
As of December 31, 2023 |  |  |  |  |  |  |  |  |  |  |
Cost |  |  | $ | 2,153 |  |  | $ | 13,980 |  |  | $ | 37,022 |  |  | $ | 969 |  |  | $ | 54,124 |
Accumulated amortization |  |  | (2,153) |  |  | — |  |  | (18,039) |  |  | (719) |  |  | (20,911) |
Net book value |  |  | $ | — |  |  | $ | 13,980 |  |  | $ | 18,983 |  |  | $ | 250 |  |  | $ | 33,213 |

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