PETRONAS Chemicals Group Bhd ( (PECGF) ) has released its Q3 earnings. Here is a breakdown of the information PETRONAS Chemicals Group Bhd presented to its investors.
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PETRONAS Chemicals Group Berhad (PCG) is a leading integrated chemicals producer in Malaysia, operating in the petrochemical industry with a diverse product portfolio that includes olefins, derivatives, fertilizers, methanol, and specialty chemicals.
In the third quarter of 2025, PCG reported a decline in revenue and profitability compared to the previous year, with a revenue of RM6.8 billion, down from RM7.9 billion in the same quarter of 2024. The company faced challenges due to lower sales volume, weaker product prices, and the strengthening of the Malaysian Ringgit against the US Dollar.
Key financial metrics showed a gross profit of RM680 million, a decrease from RM1.3 billion in the previous year. The company reported a net loss of RM291 million for the quarter, an improvement from a loss of RM762 million in the same period last year. The Olefins and Derivatives segment saw a significant drop in revenue and continued to operate at a loss, while the Fertilisers and Methanol segment maintained stable profitability. The Specialties segment experienced a decline in revenue and profitability due to lower sales volume and weaker margins.
Despite the current challenges, PCG’s management remains cautiously optimistic about the future. The company anticipates continued pressure in the olefins and derivatives market due to oversupply and weak demand, while expecting stable prices in the fertilizers and methanol segments. The company is focusing on navigating the challenging market conditions and optimizing its operations to improve financial performance.