Tronox Holdings plc Earnings Per Share Disclosure
| Year Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Numerator – Basic and Diluted: | |||||||||||||||||
| Net loss | $ | (473) | $ | (54) | $ | (314) | |||||||||||
| Less: Net (loss) income attributable to noncontrolling interest | (3) | (6) | 2 | ||||||||||||||
| Net loss available to ordinary shares | $ | (470) | $ | (48) | $ | (316) | |||||||||||
| Denominator – Basic and Diluted: | |||||||||||||||||
| Weighted-average ordinary shares, basic (in thousands) | 158,484 | 157,819 | 156,397 | ||||||||||||||
| Weighted-average ordinary shares, diluted (in thousands) | 158,484 | 157,819 | 156,397 | ||||||||||||||
| Net loss per Ordinary Share: | |||||||||||||||||
| Basic net loss per ordinary share | $ | (2.97) | $ | (0.31) | $ | (2.02) | |||||||||||
| Diluted net loss per ordinary share | $ | (2.97) | $ | (0.31) | $ | (2.02) | |||||||||||
Shares | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Options | — | — | 217,643 | ||||||||||||||
| Restricted share units | 5,039,873 | 1,997,987 | 2,475,125 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 20, 2026 | Showing above |
| 2024 | Feb 19, 2025 | |
| 2023 | Feb 21, 2024 | |
| 2022 | Feb 22, 2023 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.