Tronox Q2 rev. $731mln, down 11% YoY, loss from ops $35mln.

• Tronox Q2 revenue: $731mln, down 1% QoQ, 11% YoY • Loss from operations: $35mln • Net loss: $85mln • Restructuring charges: $39mln • Adjusted net loss: $45mln • GAAP diluted loss per share: $0.53 • Digital data: Not mentioned in the article.

Tronox Holdings plc (NYSE: TROX), a leading producer of titanium ore and titanium dioxide, reported its second-quarter 2025 results on July 31, revealing substantial financial challenges. The company posted a net loss of $84 million, compared to a net income of $76 million in the same quarter last year. This resulted in a GAAP diluted loss per share of $0.53, a significant decline from the $0.10 per share reported in Q2 2024 [1].

The company's revenue for the quarter was $731 million, a 1% decrease from the previous quarter and an 11% year-over-year decline. This performance was driven by weaker-than-expected demand across most end markets, with TiO2 volumes declining by 2% sequentially and 11% year-over-year [1].

Tronox also reported a loss from operations of $35 million, compared to income of $76 million in the same quarter last year. The company's adjusted EBITDA fell to $93 million, down 42% year-over-year and 17% quarter-over-quarter, with margins contracting to 12.7% from 19.6% a year earlier [1].

In response to the disappointing results, Tronox has taken several strategic measures to navigate the challenging market conditions. The company announced a 60% reduction in its quarterly dividend to $0.05 per share, effective in Q3 2025, and is implementing cost-cutting measures to preserve cash and manage inventory levels. Additionally, Tronox has idled its Botlek plant in the Netherlands and is selectively adjusting operating rates [1].

Looking ahead, Tronox has significantly lowered its full-year 2025 guidance. The company now expects revenue to be approximately $3.0-$3.1 billion, down from the previous range of $3.0-$3.4 billion, and adjusted EBITDA expectations have been reduced to $410-$460 million, substantially below the $525-$625 million range forecasted earlier this year [1].

Despite the near-term challenges, Tronox continues to advance its long-term strategic initiatives, particularly in sustainability and vertical integration. The company highlighted 2025 as a milestone year for its sustainability targets and is progressing with key capital projects to sustain its vertical integration advantage [1].

The stock market reacted negatively to the news, with Tronox shares plummeting 12.06% in premarket trading to $4.52, approaching the company’s 52-week low of $4.35 [2].

References:
[1] https://www.nasdaq.com/articles/tronox-trox-reports-q2-loss-lags-revenue-estimates
[2] https://www.investing.com/news/company-news/tronox-q2-2025-slides-reveal-widening-losses-dividend-cut-amid-market-headwinds-93CH-4162540