Indorama VenturesRegulatory · 2026-03-02 00:00

Indorama Ventures reported a 35% EBITDA decline in 2025 due to global overcapacity and operational challenges, while focusing on internal efficiency and strategic restructuring.

Indorama Ventures reported a 35% decrease in EBITDA for 2025, primarily due to global overcapacity, weak demand, and planned/unplanned plant shutdowns. The company initiated the IVL 2.0 program to enhance internal efficiency and restructure its portfolio.

This strategic pivot aims to navigate challenging market conditions and improve financial resilience through disciplined cost management and asset optimization. Despite headwinds, strong operating cash flow generation underscores the company's robust operational model and financial flexibility.

Fast Facts

·Reporting period: Q4 2025 and full year 2025
·EBITDA 2025: 32 billion THB (down 35% year-over-year)
·EBITDA reduction from shutdowns: 9.215 billion THB
·EBITDA reduction from margin pressure: 7.251 billion THB
·Operating cash flow 2025: 48 billion THB
·Cash conversion ratio: 150% of EBITDA
·Net debt: 236 billion THB (stable year-over-year)
·Fixed cost reduction (vs 2023): 8.248 billion THB
·Recycled PET fiber spinning capacity target (JV): 100,000 tons per year
·Capital Markets Day: March 4, 2026 (for 2026-2028 business plan presentation)

Petrochemicals

ESG & Finance

Chemicals

People Mentioned

D.K. Agarwal

Source

Indorama Ventures reported a 35% EBITDA decline in 2025 due to global overcapacity and operational challenges, while focusing on internal efficiency and strategic restructuring.