PETRONAS
• Revenue of RM6.8 billion
• EBITDA RM497 million
KUALA LUMPUR, Nov 21 (Bernama) -- 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 2025
• Revenue improved 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.
• Loss after 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 of asset impairments at Perstorp and remeasurement loss arising from adjustment of timing for payment of trade payables, which were recorded in 2Q 2025.
• The average Group 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 2025 | 2Q 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 disciplined approach has resulted in an improvement of over RM400 million in EBITDA on a year-to-date basis.
We remain committed to driving innovation and expanding our portfolio to better serve our customers. In the advanced materials and coatings segment of our Specialties business, demand continues for stronger and more durable coating solutions. Through our specialty chemicals segment we have further enhanced our offerings with the introduction of our Neptem™ range of emulsifiers for waterborne alkyds, aimed at reducing volatile organic compounds in paints and coatings. This brings the total number of new products developed so far this year to 15.
Towards the end of June, we initiated the Creditors Reliability Test (CRT) at the Pengerang Integrated Complex. However, given the continued weak market conditions we decided to pause the CRT and will re-initiate the test when market conditions recover. In the meantime, our plants remain up and running at the most optimum mode to suit the best margin and serve our customers’ needs. We are confident that by staying flexible and value-focused, we will be well-positioned to capture new opportunities,” he concluded.
Looking ahead, PCG is expecting the operating environment to remain challenging in the near term, as the industry continues to contend with ongoing oversupply and subdued demand growth, leading to continued pressure on margins. PCG remains cautious on the Olefins and Derivatives segment, with most products facing oversupply amid seasonal slowdowns. The Fertiliser and Methanol segment has potential upside, as export restrictions from China may boost urea prices ahead of India’s planting season while methanol prices may find support due to energy prioritisation in winter. The Company maintains a conservative outlook on the Specialties segment, as end markets such as construction and automotive are facing headwinds due to soft demand.
About PETRONAS Chemicals Group BerhadPETRONAS Chemicals Group Berhad (PCG) is the leading integrated chemicals producer in Malaysia and one of the largest in Southeast Asia. It operates a number of world-class production sites in Malaysia, Asia-Pacific, Europe and North America. With a total combined production capacity of 16.8 million metric tons per annum (mtpa), it is involved primarily in manufacturing, marketing and selling a diversified range of chemical products, including olefins, polymers, fertilisers, methanol, other basic chemicals, derivative products and specialty chemicals.
Listed on Bursa Malaysia with more than three decades of experience in the chemicals industry, PCG is established as part of the PETRONAS Group to maximise value from Malaysia’s natural gas resources.
PCG is committed to ensuring that its business practices are in line with globally recognised standards for Economic, Environment, Social & Governance (EESG) practices. It is currently listed in the FTSE4Good Bursa Malaysia (F4GBM) Index and the Dow Jones Best-in-Class.
Source: PETRONAS Chemicals Group Berhad
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Yogeswari Thangavelu
Corporate Communications
PETRONAS CHEMICALS GROUP BERHAD (PCG)
Tel: (6) 017 2000919
Email : yogeswari.thangavel@petronas.com
--BERNAMA
