The impairment charge and declining realized prices suggest ongoing operational headwinds, particularly in New Zealand. While production improved and deleveraging continued, traders should monitor gas supply stability and realized pricing trends in Q1 2026. The slight sequential EBITDA decline despite higher volumes points to margin compression.
Price Chart
Executive Summary
Methanex reported a Q4 2025 net loss of $89 million, driven by an $82 million non-cash impairment charge related to its New Zealand operations, lower realized prices, and higher depreciation. Adjusted EBITDA declined to $186 million from $191 million in Q3, while full-year 2025 cash flow from operations reached $1.016 billion. The company maintained its deleveraging strategy, repaying $200 million in debt and returning $54 million to shareholders.
Key Financial Metrics
Key Facts
- Q4 2025 net loss attributable to shareholders was $89 million vs. $7 million loss in Q3 2025
- Adjusted EBITDA declined to $186 million in Q4 from $191 million in Q3 and $224 million in Q4 2024
- Average realized price dropped to $331/tonne in Q4 from $345/tonne in Q3
- Production increased to 2.364 million tonnes in Q4 from 2.212 million tonnes in Q3 due to higher output in Chile
- Full-year 2025 cash flow from operating activities was $1.016 billion
- $200 million of Term Loan A repaid in 2025; $425 million cash on hand at year-end
- Non-cash impairment charge of $82 million (inclusive of tax) related to New Zealand operations
Financial Impact
Net loss widened by $82 million due to impairment; Adjusted EBITDA down $5 million sequentially and $38 million YoY
Risk Factors
- Continued gas supply constraints in New Zealand and Egypt
- Exposure to volatile natural gas prices in North America
- Execution risk in integrating OCI Global acquisition
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3250725 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 1, 2026 4w ago | Press Release | $60.57 $58.68 | ▲ +3.12% | ▲ +2.79% | $58.74 (+3.03%) |
Jul 28, 2026 9w ago | Press Release | $54.64 $56.93 | ▼ −4.19% | ▲ +0.83% | $58.74 (−7.49%) |
Jun 29, 2026 13w ago | 6-K | $46.15 $54.18 | ▼ −17.40% | ▼ −18.43% | $58.74 (−27.27%) |
May 1, 2026 22w ago | 6-K | $64.25 $61.16 | ▼ −4.81% | ▼ −10.09% | $58.74 (−8.58%) |
Apr 30, 2026 22w ago | Press Release | $64.25 $61.16 | ▲ +4.81% | ▲ +10.08% | $58.74 (+8.58%) |
Apr 29, 2026 22w ago | Press Release | $65.54 $59.10 | ▼ −9.83% | ▼ −15.05% | $58.74 (−10.38%) |
Apr 29, 2026 22w ago | 6-K | $65.54 $59.83 | ▼ −8.71% | ▼ −13.68% | $58.74 (−10.38%) |
Apr 20, 2026 23w ago | 144 | $58.37 $62.09 | ▲ +6.37% | ▲ +1.46% | $58.74 (+0.63%) |
Mar 5, 2026 30w ago | Press Release | $49.65 $61.57 | ▼ −24.01% | ▼ −26.06% | $58.74 (−18.30%) |
US Market Status
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