Company: TRTN-PA
Filing Date: 2025-08-01
Form Type: 6-K
Source: 0001660734-25-000025
Chunk: 33

Company: Triton International Ltd
Filing Date: 2025-08-01
Form: 6-K
Chunk 33
---
 due to container drop-off activity, partially offset by an increase in pick-up volumes. Average utilization for the second quarter of 2025, first quarter of 2025 and second quarter of 2024 was 98.4%, 98.9% and 98.8% respectively, and ending utilization for the same periods was 98.1%, 98.7% and 99.1%. Utilization is computed by dividing our total units on lease (in CEU) by the total units in our fleet (in CEU), excluding new units not yet leased and off-hire units designated for sale.

As of June 30, 2025, the net book value of our revenue earning assets was $8.4 billion, a decrease of 18.7% and 18.2% compared to December 31, 2024 and June 30, 2024, respectively. On March 27, 2025, we distributed our equity interest in Triton Container Finance VIII LLC ("TCF VIII"), a special purpose securitization subsidiary of Triton, to Thanos Holdings Limited ("Parent") (the “TCF VIII Distribution”). The decrease in net book value of revenue earning assets was largely due to the TCF VIII Distribution and the related deconsolidation of approximately $1.8 billion in revenue earning assets of TCF VIII as of March 31, 2025. Excluding the impact of the TCF VIII Distribution, our net book value decreased by $0.2 billion and $0.1 billion from December 31, 2024 and June 30, 2024 respectively, primarily due to depreciation expense and limited procurement.

#### Liquidity and Capital Resources
Our principal sources of liquidity are cash flows provided by operating activities, proceeds from the sale of our leasing equipment, borrowings under our debt facilities and proceeds from other financing activities. Our principal uses of cash include capital expenditures, debt service, and dividends.

For the trailing twelve months ended June 30, 2025, cash provided by operating activities, together with the proceeds from the sale of our leasing equipment, was $1,393.3 million. In addition, as of June 30, 2025, we had $885.1 million of unrestricted cash and cash equivalents and $1,720.0 million of maximum borrowing capacity remaining under our existing credit facilities.

<div align='center'>23</div>

On July 1, 2025, we acquired the assets