TOOTSIE ROLL INDUSTRIES INC

For the period ended Jun 30, 2025. Filed Aug 8, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 8, 2025

TR$38.96-0.5%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Financial Position

(in thousands) (Unaudited)



· · June 30, 2025 · · December 31, 2024 · · June 30, 2024

ASSETS

CURRENT ASSETS:
Cash and cash equivalents	$120,521	$138,841	$45,623
Restricted cash	400	352	364
Investments	50,010	55,789	85,548
Accounts receivable trade, less allowances of $2,593, $2,184 and $2,494	48,698	43,811	45,565
Other receivables	6,845	6,832	7,049
Inventories:
Finished goods and work-in-process	81,838	43,603	84,410
Raw materials and supplies	45,704	34,022	44,889
Prepaid expenses	10,750	10,355	10,429
Total current assets	364,766	333,605	323,877

PROPERTY, PLANT AND EQUIPMENT, at cost:
Land	21,783	21,710	21,669
Buildings	148,991	148,778	144,802
Machinery and equipment	500,922	499,210	484,409
Construction in progress	17,942	6,820	18,803
Operating lease right-of-use assets	5,554	6,043	6,607
	695,192	682,561	676,290
Less - accumulated depreciation	472,314	462,758	455,555
Net property, plant and equipment	222,878	219,803	220,735

OTHER ASSETS:
Goodwill	73,237	73,237	73,237
Trademarks	175,024	175,024	175,024
Investments	333,626	332,338	292,723
Prepaid expenses and other assets	10,248	11,633	15,474
Deferred income taxes	1,677	1,541	1,531
Total other assets	593,812	593,773	557,989
Total assets	$1,181,456	$1,147,181	$1,102,601

(in thousands except per share data) (Unaudited)



· · June 30, 2025 · · December 31, 2024 · · June 30, 2024

LIABILITIES AND SHAREHOLDERS’ EQUITY

CURRENT LIABILITIES:
Accounts payable	$21,158	$13,397	$20,009
Bank loans	1,018	924	1,046
Dividends payable	6,569	6,403	6,437
Accrued liabilities	60,840	63,607	57,206
Postretirement health care benefits	595	595	665
Operating lease liabilities	1,317	1,374	1,400
Income taxes payable	—	636	—
Deferred compensation	—	350	—
Total current liabilities	91,497	87,286	86,763

NONCURRENT LIABILITIES:
Deferred income taxes	56,932	54,537	45,277
Postretirement health care benefits	8,645	8,701	9,638
Industrial development bonds	7,500	7,500	7,500
Liability for uncertain tax positions	2,564	2,564	2,981
Operating lease liabilities	4,584	4,992	5,499
Deferred compensation and other liabilities	116,972	111,192	103,849
Total noncurrent liabilities	197,197	189,486	174,744

TOOTSIE ROLL INDUSTRIES, INC. SHAREHOLDERS’ EQUITY:
Common stock, $0.694 par value - 120,000 shares authorized; 41,808, 40,789 and 41,213, respectively, issued	29,033	28,325	28,620
Class B common stock, $0.694 par value - 40,000 shares authorized; 31,179, 30,286 and 30,309, respectively, issued	21,652	21,032	21,048
Capital in excess of par value	847,308	788,894	802,253
Retained earnings	14,140	57,902	15,359
Accumulated other comprehensive loss	(17,014)	(23,418)	(23,874)
Treasury stock (at cost) - 108, 105 and 105 shares, respectively	(1,992)	(1,992)	(1,992)
Total Tootsie Roll Industries, Inc. shareholders’ equity	893,127	870,743	841,414
Noncontrolling interests	(365)	(334)	(320)
Total equity	892,762	870,409	841,094
Total liabilities and shareholders’ equity	$1,181,456	$1,147,181	$1,102,601

CONDENSED CONSOLIDATED STATEMENTS OF

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