Tronox Holdings plc

Listed Company

TROXCIK 0001530804NYSELarge AcceleratedIndustrial Inorganic ChemicalsX0FY ends Dec 31

Period

FY 2025

Revenue

$2.90B

Net Income

$-470.00M

Total Assets

$6.22B

Equity

$1.42B

Shares Out

158.56M

Op. Cash Flow

$60.00M

Business

Tronox Holdings plc is the world’s leading vertically integrated manufacturer of titanium dioxide (TiO2) pigment, operating mineral sands mining, beneficiation, smelting and pigment production activities. It offers TiO2 pigment (TIONA®), ultrafine TiO2 (CristalActiv®), titanium tetrachloride, zircon, high purity pig iron, monazite and related feedstock materials and services. The company’s operations are organized across mining and beneficiation, smelting and feedstock upgrading, pigment manufacturing, research and development, and marketing/sales, with initiatives to process rare earth oxides. Tronox sells products globally through a direct sales force, agents and distributors and operates manufacturing and mining facilities across the United States, Australia, Brazil, United Kingdom, France, the Netherlands, China, Saudi Arabia, South Africa and other international markets.

Summary from filing dated 2025-02-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	2,898	3,074	2,850	3,454	3,572
Cost of goods sold	2,629	2,559	2,388	2,622	2,677
Gross profit	269	515	462	832	895
Restructuring and other charges	232	0	0	—	—
Selling, general and administrative expenses	290	296	276	289	318
(Loss) Income from operations	−253	219	186	458	577
Interest expense	−189	−167	−158	−125	—
Interest income	6	10	18	9	7
Loss on extinguishment of debt	0	−3	0	−21	−65
Other (expense) income, net	−22	14	3	−13	12
(Loss) Income before income taxes	−458	73	49	308	374
Income tax provision	−15	−127	−363	192	−71
Net loss	−473	−54	−314	500	303
Net (loss) income attributable to noncontrolling interest	−3	−6	2	3	17
Net loss attributable to Tronox Holdings plc	−470	−48	−316	497	286
Basic (in dollars per share)	−2.97	−0.31	−2.02	3.21	1.88
Diluted (in dollars per share)	−2.97	−0.31	−2.02	3.16	1.81
Weighted average shares outstanding, basic (in thousands) (in shares)	158	158	156	155	152
Weighted average shares outstanding, diluted (in thousands) (in shares)	158	158	156	157	158

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	199	151	273	164	228
Restricted cash	12	1	0	0	4
Accounts receivable (net of allowance of $1 in 2025 and $1 in 2024)	289	266	290	377	631
Inventories, net	1,652	1,551	1,421	1,278	1,048
Prepaid and other assets	112	184	141	135	132
Income taxes receivable	1	2	10	6	6
Total current assets	2,265	2,155	2,135	1,960	2,049
Property, plant and equipment, net	2,007	1,927	1,835	1,830	1,710
Mineral leaseholds, net	608	616	654	701	747
Intangible assets, net	214	244	243	250	217
Lease right of use assets, net	173	140	132	136	85
Deferred tax assets	833	830	917	1,233	985
Other long-term assets	117	126	218	196	194
Total assets	6,217	6,038	6,134	6,306	5,987
Accounts payable	481	499	461	486	438
Accrued liabilities	274	247	230	252	328
Short-term lease liabilities	22	24	24	20	26
Obligations under inventory financing arrangement	50	0	—	—	—
Short-term debt	51	65	11	50	0
Long-term debt due within one year	39	35	27	24	18
Income taxes payable	2	4	0	18	12
Total current liabilities	919	874	753	850	822
Long-term debt, net	3,132	2,759	2,786	2,464	2,558
Pension and postretirement healthcare benefits	81	85	104	89	116
Asset retirement obligations	198	172	172	153	139
Environmental liabilities	39	40	48	51	66
Long-term lease liabilities	148	107	103	110	55
Deferred tax liabilities	208	174	149	153	157
Other long-term liabilities	43	36	39	33	32
Total liabilities	4,768	4,247	4,154	3,903	3,945
Commitments and Contingencies - Note 20	—	—	—	—	—
Tronox Holdings plc ordinary shares, par value $0.01 158,557,858 shares issued and outstanding at December 31, 2025 and 157,938,056 shares issued and outstanding at December 31, 2024	2	2	2	2	2
Capital in excess of par value	2,103	2,084	2,064	2,043	2,067
Retained Earnings	30	555	684	1,080	663
Accumulated other comprehensive loss	−717	−880	−814	−768	−738
Total Tronox Holdings plc shareholders equity	1,418	1,761	1,936	2,357	1,994
Noncontrolling interest	31	30	44	46	48
Total equity	1,449	1,791	1,980	2,403	2,042
Total liabilities and equity	6,217	6,038	6,134	6,306	5,987

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, depletion and amortization	302	285	275	269	297
Deferred income taxes	12	110	330	−261	15
Share-based compensation expense	20	21	21	26	31
Amortization of deferred debt issuance costs and discount on debt	10	10	9	8	11
Loss on extinguishment of debt	0	1	0	21	—
Other non-cash affecting net loss	59	30	37	50	36
(Increase) decrease in accounts receivable, net	−9	11	84	233	−108
Increase in inventories, net	−26	−115	−151	−255	53
Decrease in prepaid and other assets	59	40	37	47	53
Restructuring payments	−76	0	0	—	—
Decrease in accounts payable and accrued liabilities	−26	−11	−84	−5	53
Net changes in income tax payables and receivables	−2	10	−24	5	9
Changes in other non-current assets and liabilities	−22	−38	−36	−40	−78
Cash provided by operating activities	60	300	184	598	740
Capital expenditures	−341	−370	−261	−428	−272
Loans	15	0	0	—	—
Proceeds from the sale of assets	4	27	6	13	2
Purchase of investment securities	−6	0	0	—	—
Cash used in investing activities	−328	−343	−255	−415	−269
Repayments of short-term debt	−144	−18	−148	−113	0
Repayments of long-term debt	−29	−228	−17	−516	−3,212
Proceeds from short-term debt	100	55	86	142	0
Proceeds from inventory financing arrangement	50	0	0	—	—
Proceeds from long-term debt	400	217	347	396	2,472
Debt issuance costs	−7	−16	−3	−4	−37
Dividends paid	−48	−80	−89	−87	−65
Restricted stock and performance-based shares settled in cash for taxes	−1	−1	0	0	−3
Cash provided by (used in) financing activities	321	−71	176	−250	−877
Effects of exchange rate changes on cash and cash equivalents and restricted cash	6	−7	4	−1	−10
Net increase (decrease) in cash and cash equivalents and restricted cash	59	−121	109	−68	−416
Interest paid, net	157	151	143	114	138
Income taxes paid	4	10	54	60	47

Filings

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