Tronox Holdings plc announced its financial results for the fourth quarter and full year ending December 31, 2024. For Q4 2024, revenue was $676 million, a 1% decrease year-over-year and a 16% sequential decline. The company reported a net loss of $30 million, or $0.19 per diluted share, though adjusted diluted earnings were $0.03 per share.
Adjusted EBITDA for the fourth quarter increased 37% year-over-year to $129 million, with an Adjusted EBITDA margin of 19.1%. For the full year 2024, revenue reached $3,074 million, an 8% increase from 2023, while Adjusted EBITDA was $564 million, also up 8% year-over-year.
Looking ahead to 2025, Tronox anticipates revenue between $3.0 billion and $3.4 billion and Adjusted EBITDA in the range of $525 million to $625 million. The company expects the second half of 2025 to be stronger than the first half, with capital expenditures projected between $375 million and $395 million.
A significant strategic initiative launched is a cost improvement program targeting $125 million to $175 million in sustainable run-rate savings by the end of 2026. This program is focused on enhancing cost efficiency and optimizing asset performance across the business, with the majority of savings expected in 2026.
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