Trinseo (TSE) investor relations material

Executive summary

• Reported a Q4 2025 net loss of $251 million, including $127 million in pre-tax restructuring and other charges related to facility closures in Italy and Germany.

• Q4 net sales fell 19% year-over-year to $663 million, driven by lower volumes and pricing pressure, especially in Europe and Asia.

• Adjusted EBITDA for Q4 was $26 million, flat year-over-year, impacted by lower volumes and unfavorable mix but offset by restructuring savings.

• Strategic focus led to 5% volume growth in growth platforms and 8% growth in recycled content sales.

• Free cash flow was $7 million in Q4, with year-end cash of $149 million and total liquidity of $334 million.

Financial highlights

• Q4 net sales were $663 million (down from $821 million year-over-year); full-year net sales were $2.98 billion (down from $3.51 billion).

• Q4 net loss was $251 million (vs. $118 million prior year); full-year net loss was $546 million (vs. $349 million prior year).

• Q4 Adjusted EBITDA was $26 million; full-year Adjusted EBITDA was $163 million, down $41 million from the prior year.

• Q4 Free Cash Flow was $7 million; full-year Free Cash Flow was negative $153 million.

• Q4 EPS was $(6.98); full-year EPS was $(15.24).

Outlook and guidance

• Management continues to focus on cost savings, restructuring, asset footprint optimization, and licensing initiatives to improve profitability and cash flow.

• Ongoing negotiations with financial stakeholders to improve capital structure.