KUALA LUMPUR, Aug 13 (Bernama) — PETRONAS Chemicals Group Berhad (PCG or the Group), announced its financial results for the second quarter (2Q 2025) and an interim dividend amounting to RM240 million for the financial year ending 31 December 2025. In 2Q 2025, PCG recorded a Loss after Tax (LAT) and a decline in Revenue, having navigated both internal and external disruptions to its operations amid heightened geopolitical tensions in the Middle East and tariff announcements, which affected crude oil prices and weakened the US Dollar.
Group Revenue declined 16% quarter-on-quarter to RM6.4 billion, due to lower sales volumes and average product prices. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) declined 56% quarter-on-quarter to RM395 million, mainly due to lower product spreads for urea and methanol, as well as lower contribution from Pengerang Petrochemical Company Sdn Bhd (PPCSB) following unrealised foreign exchange loss. The Group recorded LAT of RM1.0 billion, due to lower EBITDA, impairment of assets at Perstorp, unrealised foreign exchange loss from revaluation of shareholders loan to PPCSB and finance expenses arising from adjustments of timing of payment for trade payables at PPCSB.
