Tronox Q2 FY26 net loss widens to USD 171 million; revenue rises 19% to USD 868 million
TROX•Quarterly results
- Tronox posted a GAAP net loss attributable to shareholders of USD 171 million, widening from USD 84 million a year earlier.
- Revenue rose 19% from a year earlier to USD 868 million, driven mainly by higher TiO2 and zircon volumes.
- Adjusted EBITDA (non-GAAP) fell 22% from a year earlier to USD 73 million; margin slid 4.3 percentage points to 8.4%.
Cash flow and outlook
- Free cash flow turned positive at USD 60 million from negative USD 55 million a year earlier, supported by a roughly USD 120 million inventory reduction.
- Q3 adjusted EBITDA (non-GAAP) is forecast at USD 95 million-USD 115 million, with TiO2 pricing seen up mid-single digits sequentially.
