Wed, Feb 19, 12:56 PM (26 days ago)
**Tronox Holdings plc (TROX) 2024 Financial Summary** In 2024, Tronox reported revenues of $3,074 million, an 8% increase from $2,850 million in 2023, driven by higher TiO2 and zircon volumes. Net income improved significantly, with a loss of $54 million compared to a $314 million loss in the previous year. Gross profit rose to $515 million, reflecting a gross margin of 16.8%, up from 16.2%. Operating expenses increased to $296 million, impacting income from operations, which reached $219 million, an 18% rise from 2023. Strategically, Tronox focused on enhancing vertical integration, investing approximately $135 million in mining projects in South Africa. The company aims to become a low-cost TiO2 producer while exploring opportunities in rare earth oxides. As of December 31, 2024, total debt stood at $2.9 billion, with a net debt to trailing twelve-month Adjusted EBITDA ratio of 4.8x. Future outlook remains cautious due to market volatility, particularly in TiO2 pricing and geopolitical tensions affecting operations. Key risks include fluctuating commodity prices, regulatory scrutiny, and operational challenges in South Africa and Australia.