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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.