Tronox Holdings plc (TROX) Form 10-Q — Aug 6, 2026

$TROXForm 10-QFiled Aug 6, 2026, 10:05 AM ET0001530804-26-000015Original filing

Tronox reported Q2 2026 net sales of $868 million, up 19% year over year on higher TiO2 and zircon volumes, but net loss attributable to shareholders widened to $171 million ($1.07 per share) from $84 million a year ago, including a $103 million deferred tax expense from new US state valuation allowances. Profitability deteriorated despite the top-line growth: gross margin compressed to 6.3% from 10.8% on lower zircon pricing, idle-facility charges, and currency headwinds, while Adjusted EBITDA fell to $73 million from $93 million and adjusted net loss per share widened to $(0.51) from $(0.28).

Key figures

Eps: -$1.07 diluted (Q2 2026) vs -$0.53 (Q2 2025); -$1.72 (six months)
Revenue: $868 million (Q2 2026); $1,628 million (six months)
Net Income: -$173 million (Q2 2026) vs -$85 million (Q2 2025); -$277 million (six months)
Total Debt: $3.2 billion
Revenue Yoy: +19% (Q2); +11% (six months)
Total Assets: $5,950 million
Cash Position: $194 million
Shares Outstanding: 159700029
Net Debt: $3,036 million
Gross Margin Q2: 6.3% vs 10.8% prior year
Tio2 Revenue Q2: $700 million (+19%)
Gain On Fuzhou Sale: $20 million
Zircon Revenue Q2: $97 million (+43%)
Adjusted EBITDA Q2: $73 million vs $93 million prior year
Quarterly Dividend: $0.05 per share declared July 29, 2026
Ttm Adjusted EBITDA: $266 million
Effective Tax Rate Q2: (158)%
Total Available Liquidity: $527 million
Adjusted EBITDA six Months: $135 million vs $205 million prior year
Interest Rate Swaps Notional: $950 million
Adjusted Net Loss Per Share Q2: -$0.51 vs -$0.28 prior year
Net Debt To TTMAdjusted EBITDA: 11.4x (up from 9.0x at December 31, 2025)
Operating Cash Flow six Months: $37 million vs $(4) million prior year
Capital Expenditures six Months: $112 million vs $193 million prior year
Deferred Tax Valuation Allowance: $103 million (US state valuation allowances)
Restructuring Charges six Months: $18 million (Botlek and Fuzhou plant closures)
Sale Leaseback Proceeds June2026: $75 million

Price after filing

1 day: +9.6%7 days: +1.0%30 days: -19.0%

Close on the filing date to close N calendar days later (from $5.94). Historical, not a forecast.

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