Malaysia · Delayed Price · Currency is MYR PETRONAS Chemicals Group Berhad Earnings Call Transcripts
Fiscal Year 2025
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Q3 2025 saw improved plant utilization and higher revenue, with EBITDA up 26% and losses narrowing due to lower Forex impacts. Market conditions remain challenging for olefins and derivatives, while fertilizer and methanol segments are buoyed by tight supply and strong demand.
Fiscal Year 2024
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Revenue grew 7% year-over-year to RM 30.7 billion, but EBITDA and PAT declined due to forex losses, higher costs, and weak product spreads. Plant utilization improved to 91%, and production rose 8%. 2025 is expected to remain challenging, with stable prices but heavy maintenance planned.
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Revenue grew 8% year-on-year on higher volumes, but EBITDA and PAT declined due to forex losses and higher costs, especially at PPC. Outlook remains cautious with subdued O&D prices, stable F&M, and specialty segment challenges. Plant utilization improved, but 2025 faces heavy turnarounds.
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Revenue and EBITDA grew year-over-year, supported by higher specialty segment contribution and favorable FX, despite operational challenges and weak market conditions. Deferred utility payments and new plant launches are key developments for H2 2024.