PETRONAS Chemicals : 4Q 2025 Press Release

About this update from Petronas Chemicals Group Bhd.

Plant Utilisation of 88%Revenue of RM27.5 billionEBITDA RM1.9 billionTotal Dividend of RM560 millionKuala Lumpur, 23 February - PETRONAS Chemicals Group Berhad (PCG), today announced its financial results for the fourth quarter (4Q 2025) and audited financial year ended 31 December 2025 (FY2025). Revenue for FY2025 stood at RM27.5 billion, supported by steady sales volumes across both commodity and specialties portfolios. However, softer product prices, narrowing spreads and continued market oversupply, particularly in the Olefins & Derivatives (O&D) and specialties markets, drove Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) down 46% year-on-year to RM1.9 billion. The Group recorded a Loss After Tax (LAT) of RM2.1 billion, primarily reflecting lower EBITDA, asset impairments at Perstorp and lower finance income from timing adjustments to trade payable payments, as well as unrealised foreign exchange loss from revaluation of shareholder loan to Pengerang Petrochemical Company Sdn. Bhd. (PPCSB). PCG has declared a second interim dividend of 4 sen per ordinary share, returning RM320 million to shareholders and reinforcing its continued commitment to delivering value even in a challenging operating environment.PortfolioHighlightsfor FY2025 The chemicals sector faced a challenging year in 2025, marked by persistent overcapacity, subdued global demand and rising competitive pressure across Asia-Pacific as new capacities came online. Prolonged oversupply from Northeast Asia and the Middle East, coupled with shifting geoeconomic policies, trade tensions and tariff-related disruptions, continued to weigh on market access, pricing and margins. The Group achieved a plant utilisation rate of 88% for the year, despite heavy planned maintenance works including turnaround activities at PC Fertiliser Sabah. The Group also faced production interruptions arising from an unscheduled utilities outage at the Kertih Integrated Petrochemical Complex (KIPC) in January and feedstock disruption at PC Fertiliser Kedah following the Putra Heights incident in April 2025. PCG demonstrated resilience across its diversified portfolio, supported by the strong performance of the Fertiliser & Methanol (F&M) segment. This was driven by stable urea demand in India, Australia and Latin America, as well as higher methanol sales through its strategic sou...

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