PTT Global Chemical Public Company (PTTGC) Q4 2025 earnings summary

Executive summary

• Achieved six consecutive years as No. 1 on the Dow Jones Sustainability Indices, reflecting strong ESG performance.

• 2025 marked by successful portfolio transformation, asset light strategy, and significant deleveraging.

• Strategic focus on cost savings, digitalization, and performance enhancement to drive 2026 results.

Financial highlights

• Q4/2025 revenue declined 30% YoY and 27% QoQ to THB 92,143 million.

• Net profit after tax for Q4/2025 was a loss of THB 5,502 million, a 53% YoY improvement but down 89% QoQ.

• Adjusted EBITDA for Q4/2025 was THB 4,239 million, down 59% YoY and 18% QoQ.

• FY2025 revenue was THB 484,907 million, down 20% YoY; adjusted EBITDA was THB 20,846 million, down 34% YoY.

• Total debt reduced by THB 90 billion since Q3/2024, lowering financial expenses by THB 3 billion in 2025.

Outlook and guidance

• 2026 performance to be driven by portfolio transformation, cost optimization, and digitalization.

• Market volatility expected due to geopolitical risks, new supply, and global trade tensions.

• Ongoing rationalization in the petrochemical sector and new policies in China to impact global supply-demand dynamics.

• Allnex targets mid-single digit volume growth and 1-2% EBITDA margin improvement in 2026.