STAMFORD, Conn., Feb. 18, 2026 /PRNewswire/ -- Tronox Holdings plc (NYSE:TROX) ("Tronox" or the "Company"), the world's leading integrated manufacturer of titanium dioxide pigment, today reported its financial results for the quarter ending December 31, 2025: Fourth Quarter 2025 Financial Highlights: Revenue of $730 million Loss from operations of $114 million; Net loss attributable to Tronox of $176 million including $80 million of restructuring and other charges, net of taxes, primarily associated with the closure of the Company's Botlek and Fuzhou pigment plants; Adjusted net loss of $96 million (non-GAAP) Adjusted EBITDA of $57 million; Adjusted EBITDA margin of 7.8% (non-GAAP) GAAP diluted loss per share of $1.11; Adjusted diluted loss per share of $0.60 (non-GAAP) Full Year 2025 Financial Highlights: Revenue of $2,898 million Loss from operations of $253 million; Net loss attributable to Tronox of $470 million including $233 million of restructuring and other charges, net of taxes, primarily costs associated with the closure of the Company's Botlek and Fuzhou pigment plants; Adjusted net loss of $237 million (non-GAAP) Adjusted EBITDA of $336 million; Adjusted EBITDA margin of 11.6% (non-GAAP) GAAP diluted loss per share of $2.97; Adjusted diluted loss per share of $1.50 (non-GAAP) Capital expenditures of $341 million Outlook: Expect to generate positive free cash flow in 2026, primarily as a result of improving TiO2 pricing and volumes, lower capital expenditures, and targeted actions on working capital Q1 2026 TiO2 and zircon volumes expected to be relatively in-line with strong Q4 2025 volume levels TiO2 pricing expected to improve in Q1 2026 and zircon pricing expected to improve in Q2 2026 Q1 2026 Adjusted EBITDA expected to be $55-$65 million This outlook is based on Tronox's views on current global economic activity and is subject to changes and impacts associated with the general macroeconomic and industry-related conditions, global supply chain, and inflation-related challenges, among others.
