Tronox Holdings plc income statement
In fiscal 2025, Tronox Holdings plc reported revenue of $2.90bn, down 5.7% on the year before, operating income of −$253m (a -8.7% margin) and net income of −$470m, or −$2.97 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,543 | 1,832 | 1,922 | 1,737 | 1,510 | 1,309 | 1,698 | 1,819 | 2,642 | 2,758 | 3,572 | 3,454 | 2,850 | 3,074 | 2,898 | 3,057 |
| Cost of revenue | — | — | — | — | — | 1,176 | 1,309 | 1,321 | — | — | — | — | — | — | — | — |
| Gross profit | 439 | 264 | 190 | 207 | 19 | 133 | 389 | 498 | 464 | 621 | 895 | 832 | 462 | 515 | 269 | 190 |
| Research and development | 9 | 9 | 10 | 11 | 11 | 9 | 8 | 11 | 17 | 12 | 13 | 12 | 12 | 14 | 15 | — |
| Selling, general and administrative | −152 | 239 | 187 | 192 | 199 | 185 | 249 | 267 | 347 | 347 | 318 | 289 | 276 | 296 | 290 | 287 |
| Operating income | 302 | 25 | 3 | 0 | −201 | −53 | 141 | 200 | 95 | 271 | 577 | 458 | 186 | 219 | −253 | −219 |
| Interest expense | — | 53 | 122 | 124 | 160 | 185 | 188 | 193 | 201 | 189 | 157 | 125 | 158 | 167 | 189 | 211 |
| Net interest income | — | 2 | 8 | 13 | 7 | 3 | 10 | — | — | — | — | — | — | — | — | — |
| Income before tax | 262 | 1,008 | −61 | −149 | −349 | −264 | −87 | 43 | −88 | 114 | 374 | 308 | 49 | 73 | −458 | −442 |
| Income tax | 20 | −125 | 29 | 268 | 23 | −125 | 6 | 13 | 14 | −881 | 71 | −192 | 363 | 127 | 15 | 112 |
| Net income | 242 | 1,134 | −126 | −427 | −329 | −61 | −285 | −7 | −109 | 969 | 286 | 497 | −316 | −48 | −470 | −549 |
| Diluted EPS | — | $11.10 | −$1.11 | −$3.74 | −$2.84 | −$0.52 | −$2.39 | −$0.06 | −$0.78 | $6.69 | $1.81 | $3.16 | −$2.02 | −$0.31 | −$2.97 | −$3.45 |
| Diluted shares (average) | — | 101m | 113m | 114m | 116m | 116m | 120m | 123m | 140m | 145m | 158m | 157m | 156m | 158m | 158m | 159m |
| EBITDA | — | 236 | 336 | 295 | 52 | 124 | 323 | 395 | 375 | 575 | 874 | 727 | 461 | 504 | 49 | 56 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 804 | 676 | 738 | 731 | 699 | 730 | 760 | 868 |
| Gross profit | 128 | 117 | 99 | 79 | 52 | 39 | 44 | 55 |
| Selling, general and administrative | 74 | 69 | 74 | 72 | 70 | 74 | 71 | 72 |
| Operating income | 54 | 48 | −61 | −35 | −43 | −114 | −41 | −21 |
| Interest expense | 42 | 41 | 42 | 45 | 48 | 54 | 53 | 56 |
| Income before tax | 1 | 15 | −106 | −81 | −92 | −179 | −104 | −67 |
| Income tax | 26 | 45 | 5 | 4 | 8 | −2 | 0 | 106 |
| Net income | −25 | −30 | −111 | −84 | −99 | −176 | −103 | −171 |
| Diluted EPS | −$0.16 | −$0.20 | −$0.70 | −$0.53 | −$0.63 | −$1.12 | −$0.65 | −$1.07 |
| EBITDA | 107 | 119 | 10 | 20 | 14 | −32 | 34 | 40 |
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