AI Earnings Predictions for Tronox Holdings plc (UK) (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

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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.

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“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

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