Tronox expects Q1 2026 Adjusted EBITDA between $55M and anticipates positive free cash flow for full year 2026, driven by improving TiO2 and zircon pricing and volumes.
Bullish
Tronox saw Q4 2025 revenue increase 8% due to strong TiO2 and zircon volume growth, achieved over $90M in cost savings, and expects positive free cash flow in 2026.
Bearish
Tronox experienced a 56% decrease in Adjusted EBITDA to $57M and a -$176M net loss in Q4 2025, while maintaining a high 9.0x net leverage ratio and incurring $80M in restructuring charges.