Valhi, Inc.

Valhi, Inc. reported a net loss attributable to stockholders of $57.6 million for fiscal year 2025, driven by a pre-tax loss of $43.0 million despite total revenues of $2.14 billion. The company generated $2.08 billion in net sales with $59.1 million in other income, but faced significant costs including $1.78 billion in cost of sales and $312.3 million in SG&A expenses. Key non-operating items included a $64.5 million gain from remeasuring the TiO2 joint venture investment and a $4.6 million gain from earn-out liability remeasurement. The balance sheet shows total assets of $2.63 billion with $1.36 billion in equity, while cash flow was negative across all activities: operating activities used $35.5 million, investing used $47.8 million (including $156.8 million for the TiO2 acquisition), and financing used $71.1 million. The company ended with $562.0 million in cash and equivalents.

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