Tronox Holdings plc, the leading global manufacturer of titanium dioxide pigment, reported its financial results for the first quarter of 2025. The company recorded revenues of $738 million, reflecting a 9% increase from the previous quarter but a 5% decrease compared to the same period last year. The net loss attributable to Tronox was $111 million, compared to a net loss of $9 million in the year-ago period. This loss included $87 million in restructuring and other charges, primarily non-cash costs related to the idling of the company's Botlek pigment plant, as announced in March. Excluding these items, the adjusted net loss was $24 million. Revenue from other products reached $85 million, marking a 5% year-over-year increase, driven mainly by higher sales volumes of pig iron and opportunistic sales of ilmenite. Sequentially, revenue from other products increased by 25%. The company's adjusted EBITDA was $112 million, a 15% decrease due to lower sales volumes, lower average selling prices, and higher freight costs, partially offset by reduced production and corporate costs. The adjusted EBITDA margin stood at 15.2%. Tronox ended the quarter with total debt of $3.0 billion and net debt of $2.8 billion, with available liquidity totaling $443 million. The company remains focused on reducing costs and improving cash flow amidst macroeconomic challenges, including tariffs, inflation, and interest rates.