TROX

EX-99.1

2 ef20084959_99-1.htm

EXHIBIT 99.1

Exhibit 99.1

Tronox Reports Third Quarter 2026 Financial Results

Third quarter financial results in-line with prior guidance

STAMFORD, Conn., November 4, 2026/PRNewswire/ — Tronox Holdings plc (NYSE:TROX) (“Tronox” or the “Company”), the world’s leading integrated manufacturer of titanium dioxide (“TiO2”) pigment, today reported its financial results for the quarter ending September 30, 2026, as follows:

Third Quarter 2026 Financial Highlights:

•

Revenue of $827 million, an 18% increase compared to the prior year and a 5% decrease compared to the prior quarter

•

Income from operations of $12 million; net loss attributable to Tronox of $55 million; and adjusted net loss attributable to Tronox was $54 million (non-GAAP)

•

GAAP diluted loss per share was $0.34; Adjusted diluted loss per share was $0.34 (non-GAAP)

•

Adjusted EBITDA of $101 million; Adjusted EBITDA margin of 12.2% (non-GAAP)

•

Capital expenditures of $57 million

•

Generated free cash flow of $5 million (non-GAAP)

Outlook:

•

Expect Q4 2026 TiO2 volumes to decline sequentially in the high-single to low double-digit percentage range, primarily driven by seasonality

•

Expect Q4 2026 zircon volume levels to soften moderately sequentially, primarily due to inventory availability

•

Expect Q3 TiO2 pricing gains to be sustained in Q4 and zircon pricing to increase sequentially in the mid-single-digit percentage range

•

Q4 2026 Adjusted EBITDA expected to be $80-$90 million

•

Expect free cash flow to be a source of $20-$45 million for Q4 2026, resulting in a free cash flow use of $25-50 million for full year 2026, updated from previous expectations primarily due to the unforeseen prolonged conflict in the Middle East, driving unanticipated raw material price headwinds and weaker sales volumes

1 | Page

This outlook is based on Tronox’s views on current global economic activity and is subject to changes and impacts associated with the general macroeconomic and industry-related conditions, global supply chain, and inflation-related challenges, among others.

Note: For the Company’s guidance with respect to fourth quarter 2026 Adjusted EBITDA and free cash flow, we are not able to provide without unreasonable effort the most directly comparable GAAP financial measure, or reconciliation to such GAAP financial measure, because certain items that impact such measures are uncertain, out of the Company’s control or cannot be reasonably predicted.

Summary of Select Financial Results for the Quarter Ending September 30, 2026

($M unless otherwise noted)

Q3 2026

Q3 2025

Y-o-Y%∆

Q2 2026

Q-o-Q%∆

Revenue

$

827

$

699

18

%

$

868

(5)

%

TiO2

$

653

$

550

19

%

$

700

(7)

%

Zircon

$

93

$

59

58

%

$

97

(4)

%

Other products

$

81

$

90

(10

)%

$

71

14

%

Income (loss) from operations

$

12

$

(43

)

n/

m

$

(21

)

n/

m

Net (loss) attributable to Tronox

$

(55

)

$

(99

)

n/

m

$

(171

)

n/

m

GAAP diluted (loss) per share

$

(0.34

)

$

(0.63

)

n/

m

$

(1.07

)

n/

m

Adjusted diluted (loss) per share

$

(0.34

)

$

(0.46

)

n/

m

$

(0.51

)

n/

m

Adjusted EBITDA

$

101

$

74

36

%

$

73

38

%

Adjusted EBITDA Margin %

12.2

%

10.6

%

160

bps

8.4

%

380

bps

Free cash flow

$

5

$

(137

)

n/

m

$

60

n/

m

Y-o-Y % ∆

Q-o-Q % ∆

Volume

Price / Mix

FX

Volume

Price / Mix

FX

TiO2

10%

9%

0%

(11)%

4%

0%

Zircon

49%

9%

—

(13)%

9%

—

CEO’s Remarks

Chief Executive Officer John Romano commented, “During the third quarter, we strengthened our commercial position through pricing actions across all markets, as increases announced during the second quarter were successfully implemented during the third quarter, supported by antidumping initiatives, evolving industry supply dynamics, and the value customers continue to place on reliable, long-term supplier relationships. The unforeseen prolonged conflict in the Middle East caused broader macro uncertainty, unfavorably impacting third quarter demand and driving supply chain disruptions, that resulted in higher than anticipated raw material input costs including natural gas, sulfur, and sulfuric acid. Our sales prices remained resilient against this more challenging demand backdrop. We are encouraged by the reinstatement of anti-dumping duties in India and the announcement of the launch of the EU’s anti-absorption investigation, both of which represent a meaningful step toward establishing a more level competitive environment in our key markets.

2 | Page

“Operationally, we successfully ramped up both the Namakwa furnace and the West Mine to support customer demand and improve future inventory availability, particularly for zircon. On the pigment side, operating rates increased sequentially, although we adjusted production levels in response to lower-than-anticipated demand in the quarter, reflecting our continued focus on disciplined cash management. Add

SEC.gov | Request Rate Threshold Exceeded

U.S. Securities and Exchange Commission

You’ve Exceeded the SEC’s Traffic Limit

Your request rate has exceeded the SEC’s maximum allowable requests per second. Your access to SEC.gov will be limited for 10 minutes.

Current guidelines limit each user to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. To ensure that SEC.gov remains available to all users, we reserve the right to block IP addresses that submit excessive requests.

The block will be lifted automatically by waiting 10 minutes. Continuing to exceed the SEC’s maximum allowable request rate during the time-out period will extend the duration of the time-out period. To ensure fair access for all users, please reduce the rate of your requests and visit SEC.gov again after the 10 minute time-out period has passed.

For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. For more information, contact opendata@sec.gov.

For more information, please see the SEC’s Web Site Privacy and Security Policy. Thank you for your interest in the U.S. Securities and Exchange Commission.

Reference ID: 0.c706d217.1784985679.44b40a6d

More Information

Internet Security Policy

By using this site, you are agreeing to security monitoring and auditing. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users.

Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. §§ 1001 and 1030).

To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. We reserve the right to block IP addresses that submit excessive requests. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests.

If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website.

Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users.

Note: We do not offer technical support for developing or debugging scripted downloading processes.