Orion SA reported full year (FY) 2025 net sales of USD 1.81 billion, a 4% decrease, reflecting a 7% decline in price, partly offset by a 2% increase in volume and favorable foreign currency translation. The company recorded a net loss of USD 70 million for FY 2025, which includes a non-cash goodwill impairment charge of USD 81 million, and generated adjusted EBITDA of USD 248 million. Free cash flow for the year was USD 55 million. For the fourth quarter (Q4) 2025, net sales were USD 412 million, with a net loss of USD 21 million and adjusted EBITDA of USD 55 million. The results were impacted by high levels of lower-tier tire imports into the Western Hemisphere and soft demand in key end-markets such as transportation and polymers. In response, Orion implemented cost rationalization measures, inventory reduction, and amended its credit agreement to ensure ample liquidity. The company also reported near record safety performance, plant reliability improvements, and was awarded a Platinum rating by EcoVadis.

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