Porous materials are very efficient in absorbing mechanical energy in different applications. In the present study, porous materials based on the Ti-6(wt.%)Al-4V alloy were manufactured with the use of two different powder metallurgy methods: i) blended elemental powder approach using titanium hydride (TiH2) as well as V-Al master alloy powders and ii) using hydrogenated Ti-6-4 pre-alloyed powder. The powder compacts were sintered with additions of ammonium bicarbonate as a pore-holding removable agent. The emission of hydrogen from hydrogenated powders on vacuum sintering and the resulting shrinkage of powder particles permitted the control of the sintering process and creation of anticipated porous structures. Mechanical characteristics were evaluated under quasi-static and dynamic compressive loading conditions. Dynamic compression tests were performed using the direct impact Hopkinson pressure bar technique. All investigations aimed at characterizing the mechanical energy-absorbing ability of the obtained porous structures. The anticipated strength, plasticity, and energy-absorbing characteristics of porous Ti-6-4 material were evaluated, and the possibilities of their application were also discussed. Based on the obtained results, it was found that porous Ti-6-4 material produced with a blended elemental powder approach showed more promising energy absorption properties in comparison with pre-alloyed powder.