Titanium’s latest Q2‑2025 filing highlights that the company has once again trimmed its balance‑sheet debt, reinforcing a multi‑year deleveraging narrative that began in 2022. In the prior fiscal year the firm cut total net‑debt by roughly 12‑15 % (≈ CAD 150 M) after a series of strategic asset disposals and tighter working‑capital controls. The current release indicates a second‑consecutive quarter of debt reduction—the first quarter of 2025 saw a 9 % decline versus the same quarter a year earlier, and the six‑month total now sits at a record‑low 45 % lower than the 2022 baseline. In other words, the pace of reduction has accelerated: the average annual debt‑reduction rate over the past three years has been about 8 % per year, whereas the most recent 6‑month period alone delivered a 13‑14 % cut, outpacing the historical trend.
Trading implications: The accelerating deleveraging improves the company’s leverage ratios (debt‑to‑EBITDA now < 2.0x) and could trigger an upgrade from rating agencies, which tends to lift the stock’s risk‑adjusted return. Technically, the stock has broken above its 50‑day EMA and is trading near the upper end of its 2024‑2025 range (≈ CAD 12.80‑13.40), with the RSI hovering in the 55‑60 zone, suggesting room for upside if the deleveraging continues. Actionable call: consider a long‑biased position (e.g., 0.5 % of portfolio) on the equity with a tight stop at the 50‑day EMA (≈ CAD 12.30) and look to add on a pull‑back, while keeping an eye on upcoming earnings guidance for any change in capital‑allocation plans. The combination of stronger balance‑sheet fundamentals and a bullish technical setup makes the stock a candidate for a modest buy‑on‑dip strategy.