Huntsman Corporation · NYSE:HUN

Huntsman — Q4 2025 Earnings Presentation

17 slides from Huntsman's earnings presentation, Feb 18, 2026

  1. Slide 1: 4Q25 Earnings Summary

    4Q25 Earnings Summary February 17, 2026 1

  2. Slide 2: Earnings Summary Conference Call

    4th Quarter 2025 Earnings Summary Conference Call Wednesday, February 18, 2026 10:00 a.m. ET Webcast Link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=IMeg0PNW Participant dial-in numbers: Domestic callers: (877) 402-8037 International callers: (201) 378-4913 2

  3. Slide 3: General Disclosure: Forward-Looking Statements

    General Disclosure Forward-Looking Statements This presentation includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward- looking statements include statements concerning our plans, obj

  4. Slide 4: Highlights

    4Q25 Earnings Summary Highlights ($ in millions, except per share amounts) 4Q25 4Q24 2025 2024 Revenues $ 1,355 $ 1,452 $5,683 $ 6,036 Net loss attributable to Huntsman Corporation $ (96) $ (141) $ (284) $ (189) Adjusted net loss $ (63) $ (43) $ (121) $ (13) Diluted loss per share $ (0.56) $ (0.82)

  5. Slide 5: Polyurethanes

    4Q25 Earnings Summary Polyurethanes Revenues Adjusted EBITDA 2025 Full Year $3.7B $, in millions $, in millions Adjusted EBITDA Margin Sales Revenue $970 $50 $897 $146M Adj. EBITDA $25 3% 5% 4% Adj. EBITDA Margin 4Q25 4Q24 4Q25 4Q24 Highlights 1Q26 Outlook 4Q25 Y/Y Change  Volumes increased 2% year

  6. Slide 6: Performance Products

    4Q25 Earnings Summary Performance Products Revenues Adjusted EBITDA 2025 Full Year $1.0B $, in millions $, in millions Adjusted EBITDA Margin $400 Sales Revenue $350 $239 $107M $300 $250 $224 $23 Adj. EBITDA $16 $200 10% 11% $150 $100 Adj. EBITDA Margin 7% $50 $0 4Q25 4Q24 4Q25 4Q24 Highlights 1Q26

  7. Slide 7: Advanced Materials

    4Q25 Earnings Summary Advanced Materials Revenues Adjusted EBITDA 2025 Full Year $1.0B $, in millions $, in millions Adjusted EBITDA Margin $400 $36 $37 Sales Revenue $350 $243 $254 $161M $300 $250 Adj. EBITDA 15% 15% $200 16% $150 $100 Adj. EBITDA Margin $50 $0 4Q25 4Q24 4Q25 4Q24 Highlights 1Q26 O

  8. Slide 8: Revenue Bridge

    4Q25 Earnings Summary Revenue Bridge Year / Year Quarter / Quarter $, in millions $, in millions ($2) $21 $1 ($77) ($116) ($29) $1,452 $1,460 $1,355 $1,355 (1) (2) (2) (1) (2) (2) 4Q24 Revenue Volume Price & Mix FX 4Q25 Revenue 3Q25 Revenue Volume Price & Mix FX 4Q25 Revenue (1) Excludes sales volum

  9. Slide 9: Adjusted EBITDA Bridge – By Division

    4Q25 Earnings Summary Adjusted EBITDA Bridge – By Division Year / Year Quarter / Quarter $, in millions $, in millions ($23) ($13) $94 ($8) ($25) $71 ($7) ($1) ($15) ($3) $35 $35 4Q24 Adjusted Polyurethanes Performance Advanced Corporate and 4Q25 Adjusted 3Q25 Adjusted Polyurethanes Performance Adva

  10. Slide 10: Cost Realignment Plans

    4Q25 Earnings Summary Cost Realignment Plans Delivery of ~$100M Run Rate Benefits Cumulative In Year Savings Commentary 140 Program Highlights ~$100M >$100M 4Q25 120 ~$100M Annualized Run Rate Targeted Run Rate Benefits ~$100M 100 80 Site Closures Announced: Expected Restructuring Cash Costs ~$80M 6

  11. Slide 11: Cash Flow and Liquidity Considerations

    4Q25 Earnings Summary Cash Flow and Liquidity Considerations Commentary Earnings and Cash Flow 4Q24 4Q25 2024 2025 Adjusted EBITDA $71 $35 $414 $275  Balance sheet with $1.3 billion of liquidity at the close of the quarter Cash Flow From Operations $159 $77 $285 $298  On February 9, 2026, we enter

  12. Slide 12: 1Q26 Outlook Summary

    4Q25 Earnings Summary 1Q26 Outlook Summary 1Q26 Adjusted EBITDA Polyurethanes $25M – $40M Performance Products $20M – $30M Advanced Materials $38M – $42M Corporate ~($40M) Total ~$45M – $75M Underlying 1Q26 Guidance Assumptions  Market conditions remain challenged  Soft but stable global construct

  13. Slide 13: 2026 Action Priorities and Key Initiatives

    4Q25 Earnings Summary 2026 Action Priorities and Key Initiatives  Year-over-year growth in MDI volumes including benefits from innovation in automotive GROWTH &  Realize benefits from recent capital investments INNOVATION  Advanced Materials growth programs in aerospace and power with continued d

  14. Slide 14: Appendix

    Appendix 14

  15. Slide 15: 2026 Additional Modeling Considerations

    4Q25 Earnings Summary 2026 Additional Modeling Considerations Adjusted EBITDA/ Income Statement Cash Flow Full Year Corporate & Other ~$140M - $150M Dividends from Equity Affiliates ~$10M Headwind YoY Cost Savings Program Benefit ~$45M(1) Cash Taxes ~$40M Tailwind YoY(2) Interest Expense ~$10M Headw

  16. Slide 16: Financials and Reconciliation

    4Q25 Earnings Summary Financials and Reconciliation USD In millions 1Q23 2Q23 3Q23 4Q23 FY23 1Q24 2Q24 3Q24 4Q24 FY24 1Q25 2Q25 3Q25 4Q25 FY25 Segment Revenues: Polyurethanes $ 991 $ 1,012 $ 967 $ 895 $ 3,865 $ 926 $ 1,001 $ 1,003 $ 970 $ 3,900 $ 912 $ 932 $ 956 $ 897 $ 3,697 Performance Products 33

  17. Slide 17: Financials and Reconciliation

    4Q25 Earnings Summary Financials and Reconciliation USD In millions 1Q23 2Q23 3Q23 4Q23 FY23 1Q24 2Q24 3Q24 4Q24 FY24 1Q25 2Q25 3Q25 4Q25 FY25 Net income (loss) $ 166 $ 31 $ 15 $ (59) $ 153 $ (23) $ 38 $ (17) $ (125) $ (127) $ 11 $ (145) $ (11) $ (82) $ (227) Net income attributable to noncontrollin

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