STAMFORD, Conn., Nov. 5, 2025 /PRNewswire/ — Tronox Holdings % (NYSE:TROX) (“Tronox” or the “Company”), the sector’s important built-in producer of titanium dioxide (“TiO₂“) pigment, lately reported its monetary effects for the quarter finishing September 30, 2025, as follows:

3rd Quarter 2025 Monetary Highlights:

• Earnings of $699 million, a 4% shorten in comparison to the prior quarter and a 13% shorten in comparison to the prior yr
• Loss from operations of $43 million; Internet loss because of Tronox of $99 million together with $27 million of restructuring and alternative fees, internet of taxes, essentially prices related to the closure of the Corporate’s Botlek pigment plant as introduced in March; adjusted internet loss because of Tronox was once $72 million (non-GAAP)
• GAAP diluted loss in line with proportion was once $0.63; Adjusted diluted loss in line with proportion was once $0.46 (non-GAAP)
• Adjusted EBITDA of $74 million; Adjusted EBITDA margin of 10.6% (non-GAAP)
• Capital expenditures of $80 million within the quarter 

Up to date Outlook:

• Be expecting This autumn 2025 income and Adjusted EBITDA to be moderately flat to Q3 2025 and isolated coins wave to be a supply within the quarter
• Assumes TiO₂ quantity expansion of 3-5% and zircon quantity expansion of 15-20% in comparison to Q3 2025, offset by way of unanticipated headwinds on TiO₂ and zircon pricing of ~2% and ~6%, respectively 

This outlook is in response to Tronox’s perspectives on latest international financial process and is matter to adjustments and affects related to the macroeconomic situations, international provide chain, and inflation-related demanding situations, amongst others.

CEO’s Remarks
Govt Officer John Romano said, “Our 1/3 quarter effects had been formed by way of ongoing demanding situations related to weaker call for than forecasted, downstream destocking above what we anticipated, and  heightened aggressive dynamics in each the TiO₂ and zircon markets. Date a competitor’s insolvency lawsuits are anticipated to profit Tronox’s moment gross sales volumes, we noticed a short lived headwind within the 1/3 quarter with extra competitive liquidation of stock at below-market pricing. We now have made headway in securing price lists towards Chinese language dumping, even though overdue within the quarter we encountered an sudden hurdle in Republic of India when a atmosphere court docket quickly stayed anti-dumping tasks. The zircon marketplace additionally skilled headwinds past our expectancies, specifically in China, the place each pricing and volumes persisted to stand force.

“We acknowledge the utility of safeguarding coins wave. Our price growth program is forward of agenda, as we’re on target in order in plenty of $60 million in annualized financial savings by way of the tip of 2025 and be expecting to achieve our $125–$175 million annualized financial savings purpose by way of the tip of 2026. One by one, we’ve got taken focused operational movements to lead near-term coins wave. Those come with the transient idling of our Fuzhou pigment plant and changes at our Stallingborough pigment plant, the place we decreased working charges and are accelerating deliberate upkeep to align stock with latest marketplace situations. At our Namakwa smelter operation, we quickly idled one furnace and can quickly begin a short lived shutdown of our west mine. Those movements are meant to release stock and make stronger coins wave, supported by way of our pristine East OFS mine which is able to start commissioning on November 17^th, supplying upper grade obese mineral listen into our community. We will be able to proceed to evaluate additional measures throughout our mining and pigment websites to assure manufacturing left-overs intently aligned with usual marketplace situations. Mixed, those tasks are expected to yielding an estimated coins good thing about roughly $25–$30 million within the fourth quarter, positioning us for certain isolated coins wave within the fourth quarter and 2026. At the industrial entrance, we’re riding focused tasks to monetize stock all over our price chain. Additionally, we reinforced our stability sheet by way of elevating $400 million in senior join notes, boosting our to be had liquidity.

“Despite the unforeseen obstacles in the third quarter, there are reasons for optimism. Anti-dumping measures continue to gradually improve our penetration and growth in protected markets. We are pleased that Brazil finalized its duties two weeks ago, increasing them significantly for major Chinese importers compared to provisional rates. Likewise, Saudi Arabia has now implemented definitive anti-dumping duties at rates comparable to the European Union, and we expect India’s duties to be reinstated. Additionally, increased focus by the West on diversifying away from China in rare earths presents a unique opportunity for Tronox. Our mining operations in Australia and South Africa contain substantial amounts of monazite – a rare earth mineral containing heavy and light rare earths – which can be processed for downstream use in permanent magnet production.”

Mr. Romano concluded, “Although our outlook has been revised lower from our previous guidance, we expect fourth quarter TiO₂ volumes to increase 3-5%, net of a ~2% volume headwind from idling our Fuzhou facility, and zircon volumes to increase 15-20%, sequentially. These are strong leading indicators for the fourth quarter, which is normally lower due to seasonality, and directionally in-line with what we would historically see on the front end of a recovery. With final duties implemented in the European Union, India, Brazil and Saudi Arabia this year, we have unlocked the opportunity for improved share in regions that previously imported approximately 800,000 tons of TiO₂ from China at the peak. Combining this with the industry’s idled mining capacity and over 1.1 million tons of global TiO₂ supply that has been taken offline since 2023, the majority of which is permanent, the industry is undergoing a structural shift that supports a supply / demand rebalance. These developments are very positive for Tronox, especially as the sole domestic producer in Brazil and Saudi Arabia and a significant participant in the European Union and Indian markets. As the most vertically integrated TiO₂ producer, Tronox is well positioned to capitalize on the opportunity created by the rebalancing of the market. I remain confident in our ability to navigate this environment and deliver meaningful value for our shareholders.”

3rd Quarter 2025 Effects
(Comparisons are to prior yr (Q3 2025 vs. Q3 2024) until differently famous)

The Corporate recorded 1/3 quarter income of $699 million, a shorten of 13% essentially pushed by way of decrease gross sales volumes of TiO₂, zircon and alternative merchandise and decrease reasonable promoting costs of TiO₂ and zircon, together with combine. 

Earnings from TiO₂ gross sales was once $550 million, a shorten of eleven% pushed by way of an 8% decrease in volumes and a 5% decrease in reasonable promoting costs, partially offset by way of a 2% favorable change charge have an effect on. Sequentially, TiO2 gross sales declined 6%, pushed by way of a 4% shorten in gross sales volumes and a three% shorten in reasonable promoting costs, partly offset by way of a good 1% change charge have an effect on.

Zircon income reduced 20% to $59 million, pushed by way of a 16% shorten in reasonable promoting costs together with combine and a 4% decrease in gross sales volumes. Sequentially, zircon income reduced 13%, pushed by way of a 7% shorten in gross sales volumes and a 6% shorten in reasonable promoting costs together with combine. 

Earnings from alternative merchandise was once $90 million, a decrease of 21% year-over-year essentially because of upper pig iron gross sales offset by way of decrease gross sales volumes of obese mineral listen tailings. Sequentially, income from alternative merchandise greater 18% because of upper gross sales of pig iron and obese mineral listen tailings that befell in 1/3 quarter. 

Internet loss because of Tronox within the quarter was once $99 million, or a lack of $0.63 in line with diluted proportion, in comparison to internet loss because of Tronox of $25 million, or a lack of $0.16 in line with diluted proportion within the year-ago duration. Non-recurring changes totaled $27 million, or $0.17 in line with diluted proportion. Apart from these things, adjusted internet loss because of Tronox (non-GAAP) was once $72 million, or a lack of $0.46 in line with diluted proportion.

Adjusted EBITDA of $74 million represented a 48% shorten, pushed by way of decrease reasonable promoting costs together with combine, decrease gross sales volumes, upper freight and manufacturing prices, partly offset by way of favorable change charge actions and decrease company prices. Adjusted EBITDA margin was once 10.6%.

Sequentially, Adjusted EBITDA reduced 20% because of decrease reasonable promoting costs together with combine, decrease gross sales quantity of TiO₂ and zircon, upper manufacturing prices and negative change charge affects, partially offset by way of upper gross sales volumes of alternative merchandise and decrease company prices.

The Corporate’s promoting, normal and administrative bills had been $70 million for the quarter, a shorten of five%. Tronox’s internet pastime expense within the quarter was once $47 million. Depreciation, depletion and amortization expense was once $75 million.

Steadiness Sheet, Money Tide and Capital Allocation
Tronox ended the quarter with $3.2 billion of general debt, $3.0 billion of internet debt and a internet leverage ratio of seven.5x on a trailing twelve-month foundation. To be had liquidity on the finish of the quarter totaled $664 million, together with $185 million in coins and coins equivalents and $479 million to be had beneath our revolving credit score oaths. Liquidity was once greater by way of the $400 million senior join notice providing in addition to the $50 million stock financing, each finished within the 1/3 quarter. The upcoming vital debt adulthood for the Corporate isn’t till 2029. Tronox does no longer have any monetary covenants on its promise loans or bonds. The Corporate has adequate liquidity and does no longer be expecting to cause the springing covenant on the USA revolving credit score facility. 

Isolated coins wave for the quarter was once a worth of $137 million. Capital expenditures had been $80 million, together with investments within the Corporate’s key capital tasks to interchange present mines achieving their finish of month and maintain the Corporate’s vertical integration receive advantages. 

Uncommon Earths
Tronox left-overs actively in demand within the development of its uncommon earth technique and is uniquely situated to have the benefit of the sector’s focal point on diversifying provide clear of China. With majestic concentrations of uncommon earths within the Corporate’s mineral deposits and a long time of experience in mining and mineral processing, Tronox is uniquely situated to play games an important function around the worth chain – from mining to upgrading. Tronox’s geographic place with mining property in Australia and processing functions in the USA could also be a novel strategic merit. In assistance of the Corporate’s technique, on October 15, 2025, Tronox took an approximate 5% fairness pastime in Lion Rock Minerals (ASX:LRM) (“LRM”), a mineral exploration corporate whose Minta and Minta Est deposits have the prospective to be a big supply of majestic component monazite and rutile. LRM represents a wonderful alternative for Tronox with a considerable possible for useful resource construction in assistance of the Corporate’s uncommon earth technique.

Outlook
Tronox expects This autumn 2025 income and Adjusted EBITDA to be moderately flat to Q3 2025. That is essentially pushed by way of weaker than expected pricing on TiO₂ and zircon (~2% and six%, respectively), on account of extra competitive aggressive process available in the market together with the aforementioned liquidation of stock, partly offset by way of upper sequential volumes. Despite the fact that not up to prior to now expected, the This autumn 2025 information assumes TiO₂ quantity expansion of 3-5% and zircon quantity expansion of 15-20% in comparison to Q3 2025. Moreover, income from alternative merchandise can be decrease within the fourth quarter. Integrated within the revised Adjusted EBITDA outlook is an estimated headwind of roughly $11 million connected to the transient idling of 1 furnace at Namakwa, transient idling of Fuzhou, lowered working charges at Stallingborough and alternative cash-focused movements. On account of the movements the Corporate is taking, Tronox expects to generate certain isolated coins wave in This autumn 2025 and in 2026.

Webcast Convention Name
Tronox will behavior a webcast convention name on Thursday, November 6, 2025, at 9:00 AM ET (Unused York). The reside name is observable to the folk and will also be accessed by the use of reside webcast and teleconference. Please seek advice from investor.tronox.com for a hyperlink to sign up for the reside webcast and to view the accompanying slides.

Replay: A webcast replay can be to be had at investor.tronox.com following the decision.

About Tronox
Tronox Holdings % is among the international’s important manufacturers of top of the range titanium merchandise, together with titanium dioxide pigment, specialty-grade titanium dioxide merchandise and high-purity titanium chemical substances, and zircon. We mine titanium-bearing mineral sands and perform upgrading amenities that construct high-grade titanium feedstock fabrics, pig iron and alternative minerals, together with the uncommon earth-bearing mineral, monazite. With roughly 6,500 workers throughout six continents, our lavish variety, unequalled vertical integration type, and remarkable operational and technical experience around the worth chain, place Tronox because the preeminent titanium dioxide manufacturer on this planet. For more info about how our merchandise upload sunny and sturdiness to paints, plastics, paper and alternative on a regular basis merchandise, seek advice from tronox.com.

Cautionary Observation about Ahead-Taking a look Statements
Statements on this loose that don’t seem to be ancient are forward-looking statements throughout the which means of the U.S. Non-public Securities Litigation Reform Work of 1995. Those forward-looking statements, which might be matter to identified and unknown dangers, uncertainties and suppositions about us, might come with projections of our moment monetary functionality, our working charges, expected of entirety of extensions and upgrades to our mining operations, expected developments in our industry and business, together with industry protection measures in particular jurisdictions and their timing and effectiveness, marketplace penetration and expansion charges, expected prices, aggressive soil, advantages and timing of capital tasks together with deliberate mining expansions, the Corporate’s expected capital allocation technique together with moment capital expenditures, the advantages and timing of the Corporate’s price growth and alternative price preserve, stock aid and asset clarification plans, our uncommon earths and important minerals technique and our sustainability targets, loyalty and techniques. Those statements are simplest predictions in response to our latest expectancies and projections about moment occasions. There are noteceable elements that would purpose our latest effects, degree of process, functionality, latest prices, advantages and timing of capital tasks, or the fee growth plan and alternative price preserve, stock aid and asset clarification plans, or achievements to fluctuate materially from the consequences, degree of process, functionality, expected prices, advantages and timing of capital tasks, or the fee growth plan and alternative price preserve, stock aid and asset clarification plans, or achievements expressed or implied by way of the forward-looking statements. Vital dangers and uncertainties might relate to, however don’t seem to be restricted to, macroeconomic situations; coverage adjustments affecting world industry, together with import/export restrictions and price lists; inflationary pressures and effort prices; forex actions; rate of interest and debt marketplace volatility, together with in appreciate of our debt securities; political instability, together with the continuing conflicts in Jap Europe and the Heart East and any enlargement of such conflicts, and alternative geopolitical occasions; provide chain disruptions; marketplace situations and worth volatility for titanium dioxide, zircon and alternative feedstock fabrics, in addition to international and regional financial downturns, that adversely impact the call for for our end-use merchandise; disruptions in manufacturing at our mining and production amenities; and alternative monetary, financial, aggressive, environmental, political, criminal and regulatory elements. Those and alternative possibility elements are mentioned within the Corporate’s filings with the Securities and Alternate Fee.

Additionally, we perform in an overly aggressive and all of a sudden converting shape. Unused dangers and uncertainties emerge from age to age, and it isn’t imaginable for our control to expect all dangers and uncertainties, nor can control assess the have an effect on of all elements on our industry or the level to which any issue, or aggregate of things, might purpose latest effects to fluctuate materially from the ones contained in any forward-looking statements. Despite the fact that we consider the expectancies mirrored within the forward-looking statements are affordable, we can’t promise moment effects, degree of process, functionality, synergies or achievements. Neither we nor any alternative particular person assumes duty for the accuracy or completeness of any of those forward-looking statements. You must no longer depend on forward-looking statements as predictions of moment occasions. Until differently required by way of acceptable rules, we adopt refuse legal responsibility to replace or revise any forward-looking statements, whether or not on account of pristine knowledge or moment tendencies.

Significance of Non-GAAP Knowledge
To handover traders and others with extra knowledge in regards to the monetary result of Tronox Holdings %, we’ve got disclosed on this loose positive non-U.S. GAAP working functionality measures of EBITDA, Adjusted EBITDA, Adjusted EBITDA margin and Adjusted internet source of revenue because of Tronox, together with its presentation on a in line with proportion foundation, and a non-U.S. GAAP liquidity measure of Isolated Money Tide and internet leverage ratio on a trailing twelve-month foundation. Those non-U.S. GAAP monetary measures are a complement to and no longer an alternative choice to or great to, the Corporate’s effects introduced based on U.S. GAAP. The non-U.S. GAAP monetary measures introduced by way of the Corporate is also other from non-U.S. GAAP monetary measures introduced by way of alternative firms. Particularly, the Corporate believes the non-U.S. GAAP knowledge supplies helpful measures to traders in regards to the Corporate’s monetary functionality by way of except positive prices and bills that the Corporate believes don’t seem to be indicative of its core working effects. The presentation of those non-U.S. GAAP monetary measures isn’t intended to be thought to be in isolation or as an alternative choice to effects or steering ready and introduced based on U.S. GAAP. A reconciliation of the non-U.S. GAAP monetary measures to U.S. GAAP effects is integrated herein. 

Investor Family members and Media Touch: Jennifer Guenther
            +1.203.705.3701 extension: 103701 (Media)
            +1.646.960.6598 (Investor Family members)

SOURCE Tronox Holdings %