Ingevity Corporation reported a significant net loss for the fourth quarter and full year 2025, driven by heavy non-cash impairment charges, and announced major asset sales to restructure its business, according to financial results released on February 26, 2026.

For 2025, the company posted total net sales of $1.3 billion, decreased 8% from prior year; net sales from continuing operations of $1.2 billion, down 3% versus prior year.

In 2025, Ingevity posted net loss of $167.1 million and diluted loss per share of $4.61 driven primarily by $293.1 million in non-cash pre-tax special charges, related to Advanced Polymer Technologies and Road Markings.

The company reported a net loss of $78.8 million in Q4 2025. The losses were largely due to $336.8 million in pre-tax special charges for the full year, including $109.3 million in non-cash asset impairment charges in the Road Markings business during the fourth quarter.

Q4 2025 net sales dropped 3.2% to $255.1 million, driven by lower sales in the Advanced Polymer Technologies (APT) and Performance Materials segments. Despite the GAAP loss, adjusted EBITDA for the full year 2025 was $373 million, consistent with 2024, showing resilience in the underlying business.

Ingevity sold its North Charleston, SC, crude tall oil refinery and most of its Industrial Specialties line to Mainstream Pine Products, LLC for $110 million in cash, plus up to $19 million in potential contingent consideration.

The company is exploring the divestiture of its Advanced Polymer Technologies (APT) segment and Performance Chemicals Road Markings business.

These actions support a strategy to focus on core, high-margin businesses, specifically activated carbon Performance Materials and Paving Tech platforms.

President and CEO David Li noted that the company enters 2026 with momentum, continuing its strategy to become a premier specialty materials firm. Despite 2025 results being impacted by indirect tariff pressures on customer demand, the company is moving forward with restructuring and executive leadership changes.