PETRONAS Chemicals : 2Q 2025 Press Release

About this update from Petronas Chemicals Group Bhd.

Revenue of RM6.4 billionEBITDA RM395 millionDividend Payout of RM240 millionKuala Lumpur, 13 August - PETRONAS Chemicals Group Berhad (PCG or the Group), announced its financial results for the second quarter (2Q 2025) and an interim dividend amounting to RM240 million for the financial year ending 31 December 2025. In 2Q 2025, PCG recorded a Loss after Tax (LAT) and a decline in Revenue, having navigated both internal and external disruptions to its operations amid heightened geopolitical tensions in the Middle East and tariff announcements, which affected crude oil prices and weakened the US Dollar. Group Revenue declined 16% quarter-on-quarter to RM6.4 billion, due to lower sales volumes and average product prices. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) declined 56% quarter-on-quarter to RM395 million, mainly due to lower product spreads for urea and methanol, as well as lower contribution from Pengerang Petrochemical Company Sdn Bhd (PPCSB) following unrealised foreign exchange loss. The Group recorded LAT of RM1.0 billion, due to lower EBITDA, impairment of assets at Perstorp, unrealised foreign exchange loss from revaluation of shareholders loan to PPCSBand finance expenses arising from adjustments of timing of payment for trade payables at PPCSB.Key highlights 2Q 2025 vs 1Q 2025The average Group Plant Utilisation rate was recorded at 77%(1Q 2025: 94%) due to feedstock supply disruption and several repair and maintenance activities undertaken during the quarter.Revenuedeclined 16% to RM6.4 billion (1Q 2025: RM7.7 billion) on lower sales volume and average product prices.Earnings Before Interest, Taxation, Depreciation and Amortisation (EBITDA) declined 56%to RM395 million (1Q 2025: RM892 million) on lower product spreads and unrealised foreign exchange loss from revaluation of payables at PPCSB.Lossafter Tax (LAT)recorded at RM1.0 billion (1Q 2025: Profit After Tax (PAT) RM18 million) due to unfavourable foreign exchange impact on the revaluation of shareholders loan to PPCSB and impairment of assets at Perstorp. An interim dividend of 3 sen per share, was declared for the financial year ending 31 December 2025. The dividend amounting to RM240 million, is payable in September 2025.2Q 2025 comparative financial summary:2Q 20251Q 2025 Revenue (RM million) 6,437 7,656 EBITDA (RM million) 395 892Adjusted EBITDA, excluding ...

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