Solstice reported FY 2025 net sales of USD 3.89 billion (+3%), with gross profit of USD 1.25 billion (-4%). Income before taxes was USD 647 million (-19%) and net income was USD 285 million (-53%), while net income attributable to shareholders was USD 237 million (-60%); the effective tax rate rose to 56% from 24%, which the company said reflected incremental frictional tax costs associated with the separation from Honeywell that increased the rate by about 32% in FY 2025. Adjusted EBITDA (non-GAAP) was USD 1.00 billion, with an adjusted EBITDA margin of 25.7%. By segment, Refrigerants & Applied Solutions net sales were USD 2.79 billion (+3%) and Segment Adjusted EBITDA was USD 981 million (-7%), with margin at 35.2% (from 38.9%), driven by refrigerants product mix amid the transition to low global warming potential refrigerants and healthcare packaging volume declines tied to anticipated customer destocking. Electronic & Specialty Materials net sales were USD 1.10 billion (+5%) and Segment Adjusted EBITDA was USD 203 million (+1%), with margin at 18.5% (from 19.2%); the company cited demand-driven volume increases in electronic materials and favorable pricing in research and performance chemicals, partially offset by lower pricing with certain electronic materials customers. Solstice said the Honeywell spin-off was completed on Oct. 30, 2025, and it began trading on Nasdaq under “SOLS.” It also highlighted separation-related transaction costs of USD 117 million in FY 2025 and said these costs are expected to continue through at least FY 2026. Operating cash flow was USD 455 million (down from USD 842 million), and cash and cash equivalents were USD 534 million at Dec. 31, 2025. Capital expenditures were USD 408 million in FY 2025, and the company expects FY 2026 capex of USD 400 million to USD 425 million, primarily for projects supporting electronic materials and advanced fiber offerings. Solstice also detailed new financing put in place around the spin-off, including USD 1.00 billion of 5.625% senior notes due 2033 and a USD 1.00 billion term loan facility plus a USD 1.00 billion revolving credit facility; it had no revolver borrowings outstanding at year-end 2025.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Solstice Advanced Materials Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0002064953-26-000008), on February 19, 2026, and is solely responsible for the information contained therein.
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