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ALPEK (ALPEKA) investor relations material
ALPEK Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved a 10% sequential improvement in financial and operating results in Q3 2025, with operational normalization in Polyester and stable demand in Plastics & Chemicals, despite ongoing industry challenges and global oversupply pressures.
Strategic actions included footprint optimization, divestiture of non-core assets, and $690 million in debt refinancing to strengthen liquidity and extend maturities.
Regulatory approval for the merger of Controladora ALPEK with ALPEK was received, aiming to create a single listed entity with 100% free float and potential IPC inclusion.
Introduction of reciprocal tariffs on PET in the U.S. is anticipated to benefit domestic producers starting in 2026.
Free cash flow remained strong at $68 million for the quarter, reflecting effective cost and inventory management.
Financial highlights
Total volume was 1.12 million tons (1,124 ktons), up 1% sequentially but down 8% year-over-year due to persistent oversupply.
Comparable EBITDA was $137 million, up 10% quarter-over-quarter but down 37% year-over-year; reported EBITDA included a $21 million negative adjustment for extraordinary costs.
Operating free cash flow reached $68 million in Q3, a 41% sequential increase, totaling $123 million year to date.
Revenues were $1.67 billion, down 1% quarter-over-quarter and 15% year-over-year, reflecting pressured pricing.
Net loss attributable to controlling interest was $44 million, compared to a $28 million loss in Q2 and $26 million net income in Q3 2024.
Outlook and guidance
Full-year comparable EBITDA guidance revised to approximately $500 million, reflecting continued margin pressure, industry volatility, and lower expected demand in Q4 due to seasonality and maintenance shutdowns.
Reciprocal tariffs on PET imports into the U.S. are expected to benefit results starting in 2026 as contracts are renegotiated and imports are displaced.
Company remains focused on cost structure improvements, balance sheet health, and expansion into higher value products.
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