Tronox to close China TiO2 plant; Q4 rev $730M, net loss $176M

Tronox Holdings plc

Permanently closing 46,000 MT/yr TiO2 plant in Fuzhou, China; $60-80M restructuring charges, including $35-45M non-cash write-downs.
Q4 2025 revenue $730M (+8% YoY, +4% QoQ); net loss $176M; Adjusted EBITDA $57M.
TiO2 volumes +13% YoY; Zr volumes +27% YoY; pricing −8% (TiO2) and −23% (Zr) YoY.
Free cash flow $53M, exceeding guidance; CEO expects positive FCF in 2026.
Progressing feasibility of monazite cracking/leaching in Australia for rare earth oxide production targeting US refinery.

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