Petronas Chemicals Group Bhd. · MYX:PCHEM
Petronas Chemicals Group Bhd — Q4 2025 Earnings Presentation
15 slides from Petronas Chemicals Group Bhd's earnings presentation, Feb 23, 2026
Slide 1: PETRONAS Chemicals Group Berhad Analyst Briefing
PETRONAS Chemicals Group Berhad Analyst Briefing Fourth Quarter and Year Ended 31 Dec 2025 23 Feb 2026 The PETRONAS Group adopts zero tolerance against all forms of bribery and corruption. We abide by the PETRONAS Code of Conduct and Business Ethics ( CoBE ) & Anti - Bribery and Corruption (ABC) Man
Slide 2: Disclaimer
Disclaimer PETRONAS Chemicals Group Berhad (“PCG”), its subsidiaries and related corporations confirm that care has been taken in ensuring the accuracy and correctness of information, statements, text, articles, data, images and other materials contained and appearing in this presentation and the as
Slide 3: Welcome Onboard
Welcome Onboard Flavio Kliger Zahrul Ali Abdullah Chief Executive Officer General Manager Specialty Chemicals Commercial Finance & Investor Relations PETRONAS Chemicals Group Berhad PETRONAS Chemicals Group Berhad (PCG ) (PCG ) Page | 1 c Internal
Slide 4: Content
Content 1. Market Highlights 2. Operational and Financial Performance 3. Market Outlook 4. Key Highlights and Focus Areas 5. Q&A Page | 2 c Internal
Slide 5: Global and domestic economies supported by strong fourth quarter momentum
Global and domestic economies supported by strong fourth quarter momentum amid improving macro - financial conditions Brent O&D average Market Price 50.3 F&M average Market Price 49.6 1200 90 85 100 85 83 81 79 84 82 Crude Oil, USD/barrel 79 74 76 74 74 75 73 80 Market Price, USD/MT 68 71 71 68 68 6
Slide 6: FY2025 Highlights: Lower earnings reflecting market challenges
FY2025 Highlights: Lower earnings reflecting m arket challenges 3% 4% Operational • Plant Utilisation (PU) rate was lower, at 88 .2%, due to planned statutory turnarounds and shutdowns, as well as feedstock and utilities supply disruptions 11.16 10.82 10.78 (Million MT) 10.37 during the year (FY 202
Slide 7: O&D: Lower average product prices and lower contribution from PPC
O&D : L ower average product prices and lower contribution from PPC 4Q 2025 vs 3Q 2025 Product Sales Volume (RM Million) (KMT) 430 407 382 336 327 274 258 234 206 (110) Olefins , Glycols & Derivatives Polymers Aromatics & MTBE 108 9 4Q 2024 3Q 2025 4Q 2025 4Q 2024 3Q 2025 4Q 2025 Q - o- Q Y- o - Y (
Slide 8: F&M: Higher EBITDA due to higher product spreads and sales volume
F&M : Higher EBITDA due to higher product spreads and sales volume 4Q 2025 vs 3Q 2025 Product Sales Volume (RM Million) (KMT) 883 781 827 756 353 657 463 1 730 (151) 178 188 172 (50) 577 Methanol Ammonia Urea 4Q 2024 3Q 2025 4Q 2025 4Q 2024 3Q 2025 4Q 2025 Q - o- Q Y- o - Y Plant Utilisation (PU) %
Slide 9: Specialties: EBITDA declined amid continued intense competition
Specialties : EBITDA d eclined amid c ontinued intense c ompetition Key Highlights Sales Volume 4Q 2024 3Q 2025 4Q 2025 Q - o- Q Y- o - Y (KMT) Revenue (RM mil) 1,371 1,345 1,201 (10.7%) (12.4%) 198 EBITDA declined in 4Q 2025 due to 186 EBITDA (RM mil) 15 49 (31) (>100%) (>100%) weaker volumes and o
Slide 10: Group: EBITDA declined on continued market challenges, unfavourable forex impact
Group : EBITDA declined on continued market challenges, unfavourable forex impact and higher repair and maintenance costs 4Q 2025 vs 3Q 2025 3Q 2025 Revenue was lower due to : EBITDA was lower due to : 4Q 2025 PU Rate • Lower average product prices • Higher unrealised forex loss from 90% 96% (RM Mil
Slide 11: Lower cash balance due to purchase of PPE and unfavourable forex impact
Lower c ash balance due to purchase of PPE and unfavourable forex impact Cash Flow (RM Million) 3,147 9,926 (2,387) 9,621 (496) (569) Cash & cash Cash flow generated Cash flow used in Cash flow used in FX impact Cash & cash equivalents from operating investing financing equivalents as at activities
Slide 12: Lower total assets mainly due to strengthening of MYR against USD and impairment
Lower total assets mainly due to strengthening of MYR against USD and impairment of assets Total Assets (RM Million) 59,591 484 57,690 (1,232) (49) (93) The Group’s total assets were lower mainly due to: (701) (310) • Strengthening of Ringgit Malaysia against US Dollar and impairment of assets at Pe
Slide 13: Limited upside in O&D on balanced market fundamentals, while strong urea demand continues
Limited upside in O&D on balanced market fundamentals, while strong urea demand continues to support F&M . Specialties market continues to face margin pressures amid subdued demand O&D : Subdued downstream demand and oversupply F&M : Continue to be supported by Urea, while Specialties : Demand remai
Slide 14: 2025 Key Highlights, 2026 Focus Areas
2025 Key Highlights 2026 Focus Areas Growth Project Operational Excellence • First Customer Delivery from Perstorp Amsterdam B.V. • Disciplined execution of planned statutory turnarounds and • Opening of Application Lab in Shanghai maintenance activities • Por tfolio high - grading focusing on asset
Slide 15: Thank you.
Thank you. _—_——— 0
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