Filing Flows › Tronox Holdings (TROX) › Q1 2025
Tronox Holdings (TROX) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Tronox Holdings (TROX) reported revenue of $738M for the first quarter 2025 (Q1 2025), -5% from a year earlier and +9% from the quarter before. Operating margin was -8.3%, net loss $111M (15.0% of revenue).
Tronox Holdings, Q1 2025: revenue $738M (-5% year over year), operating margin -8.3%, net loss $111M, operating cash flow −$32.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $738M | +9% | -5% |
| Operating profit | −$61.0M | — | — |
| Net earnings | −$111M | — | — |
| Operating cash flow | −$32.0M | — | — |
What changed
Revenue was $738.0M in Q1 2025, down 5% year over year and up 9% from the previous quarter. TiO2 was the largest line at 79% of revenue. TiO2 lost $21.0M year over year (down 3%), 58% of the total change.
Gross margin was 13.4%, down 2.1 points from a year earlier. Operating costs exceeded revenue by $61.0M, an operating margin of -8.3%. Operating expenses grew 103% against a revenue fall of 5%. The quarter ended with a net loss of $111.0M, wider than the previous quarter's $30.0M loss.
Operating cash flow was −$32.0M. Non-cash charges added back $71.0M of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items added $3.0M. Capital expenditures of $110.0M exceeded it, leaving free cash flow of −$142.0M.
Questions
What was Tronox Holdings' revenue in the first quarter 2025?
Tronox Holdings (TROX) reported revenue of $738M for the first quarter 2025 (Q1 2025), -5% from a year earlier and +9% from the quarter before.
Was Tronox Holdings profitable in the first quarter 2025?
Operating loss was $61.0M (-8.3% of revenue) and net loss $111M.
Source: Tronox Holdings 10-Q on SEC EDGAR.