PETRONAS Chemicals : 3Q 2025 Press Release

About this update from Petronas Chemicals Group Bhd.

Revenue of RM6.8 billionEBITDA RM497 millionKuala Lumpur, 21 Nov - PETRONAS Chemicals Group Berhad (PCG), today announced its third quarter results for the financial year ending 31 December 2025 (3Q 2025) with stronger revenue and improved Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA). The overall earnings improvement was delivered by stronger operational performance, continued cost discipline and lower foreign exchange impact amidst the challenging chemicals market. The Company narrowed its Loss After Tax (LAT), with lower foreign exchange impact on revaluation of shareholders loan to Pengerang Petrochemical Company Sdn. Bhd. (PPCSB) and the absence of exceptional items recorded in 2Q 2025.Key highlights 3Q 2025 vs 2Q 2025Revenueimproved by 5% to RM6.8 billion (2Q 2025: RM6.4 billion) on higher sales volumes.EBITDA increased 26%to RM497 million (2Q 2025: RM395 million) on higher product spreads particularly urea and ammonia as well as lower unrealised foreign exchange loss from revaluation of payables at PPCSB.Lossafter Tax (LAT)stood at RM291 million (2Q 2025: RM1 billion) with lower unfavourable foreign exchange impact on the revaluation of shareholders loan to PPCSB and the absence ofasset impairments at Perstorp and remeasurement loss arising from adjustment of timing for payment of trade payables, which were recorded in 2Q 2025. The averageGroup Plant Utilisation rate was higher at 90%(2Q 2025: 77%) on overall better plant performances despite the planned turnaround activity undertaken at PC Fertiliser Sabah.Comparative financial summary:3Q 20252Q 2025 Revenue (RM million)6,787 6,437 EBITDA (RM million)497 395 EBITDA Margin (%)7.3 6.1 (LAT)/PAT (RM million)(291) (1,047) (LATANCI)/PATANCI (RM million)(289) (1,081) LATANCI: Loss After Tax and Non-Controlling Interest PATANCI: Profit After Tax and Non-Controlling Interest Mazuin Ismail, Managing Director/Chief Executive Officer of PCG commented, "Our performance this quarter reflects the tangible benefits of operational discipline with overall improved plant performance, while we undertake the planned turnaround activity at our fertiliser plant in Sipitang, Sabah. The shutdown was safely executed and completed as scheduled. "The Group continues to focus on enhancing operational efficiency, cost optimisation initiatives and actively seeking opportunities for value creation. This ...

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