Thailand’s Indorama Ventures swings to net loss in Q1
by ChemOrbis Editorial Team - content@chemorbis.com
Indorama Ventures (IVL) reported a challenging first quarter of 2025 as persistent macroeconomic pressures weighed on the global industrial sector. The company cited sluggish GDP growth, high interest rates, and geopolitical uncertainties as key headwinds impacting petrochemical demand.
Indorama reported a net loss of $39 million in the first quarter of 2025, compared to a net profit of $32 million in the same period last year. Adjusted EBITDA was $276 million, down 23% quarter-on-quarter and 30% year-on-year, including a $12 million impact from winter-related disruptions.
IVL posted consolidated revenue of $3.49 billion in Q1 2025, down 3% quarter-on-quarter and 9% year-on-year.
The Combined PET (CPET) segment, including Intermediate Chemicals, reported Adjusted EBITDA of $126 million, down 43% quarterly and 50% yearly.
Indorama reported a net loss of $39 million in the first quarter of 2025, compared to a net profit of $32 million in the same period last year. Adjusted EBITDA was $276 million, down 23% quarter-on-quarter and 30% year-on-year, including a $12 million impact from winter-related disruptions.
IVL posted consolidated revenue of $3.49 billion in Q1 2025, down 3% quarter-on-quarter and 9% year-on-year.
The Combined PET (CPET) segment, including Intermediate Chemicals, reported Adjusted EBITDA of $126 million, down 43% quarterly and 50% yearly.
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