Tronox Holdings Plc -Class | 10-Q: FY2025 Q3 Revenue Misses Estimate at USD 699 M

Revenue: As of FY2025 Q3, the actual value is USD 699 M, missing the estimate of USD 758.7 M.

EPS: As of FY2025 Q3, the actual value is USD -0.63, missing the estimate of USD -0.19.

EBIT: As of FY2025 Q3, the actual value is USD 4 M.

North America: Revenue decreased to $186 million for the three months ended September 30, 2025, from $212 million in the same period in 2024. For the nine months ended September 30, 2025, revenue was $591 million, down from $626 million in 2024.
South and Central America: Revenue was $51 million for the three months ended September 30, 2025, compared to $54 million in 2024. For the nine months ended September 30, 2025, revenue was $138 million, down from $151 million in 2024.
Europe, Middle-East and Africa: Revenue decreased to $280 million for the three months ended September 30, 2025, from $332 million in 2024. For the nine months ended September 30, 2025, revenue was $891 million, down from $949 million in 2024.
Asia Pacific: Revenue was $182 million for the three months ended September 30, 2025, compared to $206 million in 2024. For the nine months ended September 30, 2025, revenue was $548 million, down from $672 million in 2024.

Net Loss: For the three months ended September 30, 2025, the net loss was $100 million, compared to a net loss of $25 million in the same period in 2024. For the nine months ended September 30, 2025, the net loss was $296 million, compared to a net loss of $24 million in 2024.
Gross Margin: The gross margin for the three months ended September 30, 2025, was 7.4%, down from 15.9% in the same period in 2024. For the nine months ended September 30, 2025, the gross margin was 10.6%, down from 16.6% in 2024.
Operating Loss: The loss from operations for the three months ended September 30, 2025, was $43 million, compared to income from operations of $54 million in the same period in 2024. For the nine months ended September 30, 2025, the loss from operations was $139 million, compared to income from operations of $171 million in 2024.

Operating Cash Flow: Cash used in operating activities was - $61 million for the nine months ended September 30, 2025, compared to cash provided by operating activities of $218 million in 2024.
Free Cash Flow: Not explicitly stated, but implied negative due to operating cash flow and capital expenditures.

Restructuring Charges: The company recorded restructuring and other charges of $25 million for the three months ended September 30, 2025, and $153 million for the nine months ended September 30, 2025, related to the idling of the Botlek plant.

Core Business Focus: The company aims to optimize its global production footprint and improve capacity utilization by idling its Botlek plant, which is expected to be completed in the first half of 2026. This decision is part of a strategic review of the company’s global asset footprint.
Non-Core Business: The company has entered into an inventory financing arrangement to manage liquidity, with $50 million financed as of September 30, 2025.
Priority: The company is focused on maintaining liquidity and managing debt, with total available liquidity of $664 million as of September 30, 2025.