Indorama Ventures Public Company (IVL) Q4 2025 earnings summary

Executive summary

• Reported a consolidated net loss of Baht 6,906 million for 2025, an improvement from a net loss of Baht 19,186 million in 2024.

• Total revenue from sales of goods declined to Baht 447,246 million in 2025 from Baht 541,583 million in 2024.

• Total assets decreased to Baht 523,480 million as of December 31, 2025, from Baht 541,552 million at the end of 2024.

• Total equity attributable to owners dropped to Baht 117,527 million at year-end 2025 from Baht 125,951 million in 2024.

Financial highlights

• Revenue from sales of goods fell by 17% year-over-year.

• Cost of sales decreased to Baht 397,404 million in 2025 from Baht 466,318 million in 2024.

• Basic and diluted loss per share improved to Baht (1.47) in 2025 from Baht (3.65) in 2024.

• Net cash from operating activities increased to Baht 48,046 million in 2025 from Baht 35,112 million in 2024.

• Cash and cash equivalents rose to Baht 27,356 million at year-end 2025 from Baht 17,496 million in 2024.

Outlook and guidance

• Significant other comprehensive income from land revaluation and defined benefit plan remeasurements, partially offsetting translation and hedging losses.