By Adriano Marchese

Methanex shares fell after the company reported a loss in the fourth quarter after it incurred a noncash impairment charge tied to its New Zealand operations.

Shares trading in Toronto were 8.4% lower at 71.43 Canadian dollars ($52.24).

Late Thursday, the company reported a net loss of $89 million, compared with a profit of $45 million a year earlier. On a per-share basis, this was a loss of $1.15 a share, compared with a profit of 67 cents a share.

The loss was largely driven by the noncash impairment expense of $82 million related to the company's New Zealand operations.

Excluding one-off costs and exceptional items such as the impairment charge, adjusted loss was 14 cents, missing expectations of a 67 cent-a-share profit.

Revenue rose to $969 million from $949 million, below analyst targets of $1.03 billion.

Production in the fourth quarter was 2.36 million metric tons of methanol compared with 1.87 million tons a year earlier.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

March 06, 2026 12:16 ET (17:16 GMT)

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