Mesaieed Petrochemical Holding Company (MPHC) investor relations material

Executive summary

• Reported a net loss of QR 1.22 million for Q1 2026, a reversal from a profit in Q1 2025, driven by lower selling prices, sales volumes, and margin compression.

• Diversified petrochemical conglomerate with interests in olefins, polyolefins, alpha olefins, and chlor-alkali products, operating mainly through joint ventures in Qatar.

• Maintains a strong market position, supported by low-cost production, assured feedstock, and experienced management.

• Ongoing regional conflict and macroeconomic headwinds contributed to supply chain disruptions and market volatility.

• The company holds significant stakes in Q-Chem, Q-Chem II, and QVC, which are the main contributors to its financial results.

Financial highlights

• Revenue for Q1 2026 declined 20% year-over-year to QR 578 million, with sales volumes down 27%.

• EBITDA dropped by 61% compared to Q1 2025, with margins compressed to 39%.

• Cash and bank balances stood at QR 3,378 million as of 31 March 2026, despite a decline due to dividend payouts and project contributions.

• Total assets were QR 16,312,430 thousand as of 31 March 2026, down from QR 16,513,049 thousand at year-end 2025.

• Basic and diluted EPS was QR (0.0001) versus QR 0.0150 year-over-year.

Outlook and guidance

• Continued uncertainty expected due to regional conflict, supply chain disruptions, and volatile energy and feedstock markets.

• Management highlights persistent macroeconomic uncertainty and global oversupply as key challenges.

• The company continues to focus on operational efficiency and strategic investments, including a restructured salt project joint venture.