Tronox Holdings plc

Tronox Holdings plc announced the appointment of Yasser Al-Daajani to its Board of Directors, effective October 27, 2026. Mr. Al-Daajani was nominated by Cristal International Holdings B.V. and brings over 25 years of experience in the petrochemicals industry, currently serving as Executive Vice President, Petrochemicals at National Industrialization Company (Tasnee). He will receive compensation consistent with other non-employee directors, including an annual cash retainer of $100,000 and an annual equity grant of restricted share units valued at $150,000.

Tronox Holdings plc reported a net loss attributable to the company of $(171) million for the second quarter of 2026, significantly wider than the $(84) million loss in the same period last year, despite net sales increasing to $868 million. The company completed the sale of its Fuzhou plant for $14 million, resulting in a $20 million gain on disposal, as part of its global asset footprint optimization. Restructuring charges related to plant closures continued, and a $103 million valuation allowance was recorded against US state deferred tax assets.

Tronox Holdings plc reported its second quarter 2026 financial results, with revenue increasing 19% year-over-year to $868 million. The company posted a net loss of $171 million, including a $103 million tax valuation allowance, but achieved positive free cash flow of $60 million. Adjusted EBITDA saw an 18% sequential increase to $73 million. Tronox provided an optimistic outlook for Q3 2026, projecting Adjusted EBITDA of $95-$115 million and expecting meaningful positive free cash flow for the full year 2026, driven by anticipated pricing improvements for TiO2 and zircon.

Tronox Holdings plc announced the appointment of Keith Schwarz as an independent director to its Board, effective July 29, 2026. Mr. Schwarz, with over 35 years of public accounting experience, will also join the Company's audit committee and receive standard non-employee director compensation, including a $100,000 annual cash retainer and a $150,000 annual equity grant. Additionally, the company declared a cash dividend of $0.05 per share, payable on October 9, 2026, to shareholders of record as of August 10, 2026.

Tronox Holdings plc reported Q1 2026 revenue of $760 million, a 3% increase year-over-year, with net loss attributable to Tronox improving to $(103) million from $(111) million in the prior year. Adjusted EBITDA was $62 million, a 9% sequential increase. The company expects positive free cash flow in Q2 2026, largely offsetting Q1 cash use, and meaningful positive free cash flow for the full year. Q2 2026 Adjusted EBITDA is projected to be between $65 million and $85 million, with TiO2 and zircon volumes and pricing expected to improve.

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.

Tronox Holdings plc held its Annual General Meeting on April 28, 2026, where shareholders approved all twelve proposals. Key approvals included the election of eight directors to terms expiring in 2027, the non-binding advisory approval of named executive officer compensation, and the ratification of the independent registered public auditor. Shareholders also approved the company's U.K. audited annual accounts, directors' remuneration policy and report, re-appointment of the U.K. statutory auditor, and authorizations for the Board to allot shares and approve share repurchase contracts. An amendment to the Management Equity Incentive Plan was also approved.

Tronox Holdings plc announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share. This dividend is scheduled to be paid on July 8, 2026, to shareholders who are on record at the close of business on May 11, 2026.