KUALA LUMPUR: Petronas Chemicals Group Bhd’s net loss for the third quarter Sept 30, 2025 narrowed to RM289 million from RM789 million the same period last year.
Its revenue fell 15 per cent to RM6.79 billion from RM7.99 billion mainly due to lower sales volume and product prices as well as a stronger ringgit against the US dollar, its Bursa Malaysia filings showed.
During the third quarter, Petronas Chemicals’ average plant utilisation rose to 90 per cent, up from 77 per cent in the previous quarter, supported by stronger plant performance even with the scheduled turnaround at PC Fertiliser Sabah.
Its earnings before interest, tax, depreciation, and amortisation (Ebitda) rose 26 per cent to RM497 million, driven by higher product spreads, especially in urea and ammonia and a lower unrealised foreign exchange loss from the revaluation of payables at Pengerang Petrochemical Company Sdn Bhd.
Petronas Chemicals expects market sentiment for olefins and derivatives to stay weak due to oversupply, sluggish demand, and poor margins in downstream sectors.
“Fertiliser prices are anticipated to remain firm due to China‘s export restrictions and the upcoming India’s planting season, while methanol prices will be supported by tight supply arising from energy prioritisation during the winter period.
“The group remains cautious in the specialties segment as end markets such as construction and automotive are facing headwinds due to soft demand,” it said.
Petronas Chemicals managing director and chief executive officer Mazuin Ismail said the quarterly results shows the clear benefits of operational discipline, with overall plant performance improving despite the planned turnaround at the Sipitang, Sabah fertiliser plant, which was completed on schedule.
He added that the group remains committed to boosting operational efficiency, optimising costs, and pursuing value-creation opportunities, a disciplined approach that has led to a year-to-date Ebitda improvement of over RM400 million.
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