Quarterly ResultMay 7, 2026, 10:22 AM
Tronox Q1 Net Loss $(103)M; Sales $760M; Gross Profit Down 56%
AI Summary
Tronox Holdings plc reported a net loss of $103 million for Q1 2026, an improvement from $111 million in Q1 2025, on net sales of $760 million, up from $738 million year-over-year. However, gross profit significantly declined by 56% to $44 million. The company continued its restructuring efforts, incurring $14 million in charges related to the Botlek and Fuzhou plant closures. Additionally, Tronox increased its accounts receivable securitization facility limit to $255 million in March 2026, further expanding it to $275 million in May 2026.
Key Highlights
- Net loss attributable to Tronox Holdings plc was $(103) million, an improvement from $(111) million YoY.
- Net sales increased 3% to $760 million for Q1 2026, up from $738 million in Q1 2025.
- Gross profit significantly declined 56% to $44 million in Q1 2026 from $99 million YoY.
- Restructuring and other charges totaled $14 million for Q1 2026, down from $86 million YoY.
- Accounts receivable securitization facility limit increased to $255 million in March 2026, and to $275 million in May 2026.
- Cash used in operating activities increased to $(68) million from $(32) million YoY.
- Short-term debt rose to $133 million at March 31, 2026, from $51 million at December 31, 2025.
- Paid ordinary share dividends of $0.050 per share in Q1 2026, totaling $8 million.