LyondellBasell posts FY 2025 operating loss of USD 420 million (122% drop)

Reuters
Feb 21
LyondellBasell posts FY 2025 operating loss of USD 420 million (122% drop)

LyondellBasell reported FY 2025 sales and other operating revenues of USD 30.15 billion (-10%) and a net loss of USD 738 million, as results from continuing operations swung to a loss of USD 785 million from income a year earlier. Operating loss was USD 420 million versus operating income of USD 1.92 billion in FY 2024, reflecting FY 2025 non-cash impairments, including USD 972 million of goodwill impairments and USD 279 million of other impairments. FY 2025 EBITDA was USD 1.13 billion versus USD 3.46 billion in FY 2024. Cash provided by operating activities was USD 2.26 billion, with capital expenditures of USD 1.88 billion; the company paid USD 1.76 billion in dividends and spent USD 201 million on share repurchases. By segment in FY 2025, O&P-Americas revenue was USD 9.80 billion (-15%) with operating income of USD 441 million; O&P-EAI revenue was USD 10.23 billion (-6%) with operating loss of USD 684 million; I&D revenue was USD 9.07 billion (-13%) with operating income of USD 428 million; APS revenue was USD 3.47 billion (-4%) with operating loss of USD 743 million; and Technology revenue was USD 549 million (-18%) with operating income of USD 137 million. In corporate updates, LyondellBasell said it ceased business operations at its Houston refinery in February 2025 and reported the refining business as discontinued operations; discontinued operations contributed income of USD 47 million in FY 2025. The company also agreed to sell certain European olefins and polyolefins assets, with closing expected in Q2 2026; it expects a loss of about USD 700 million to USD 900 million on closing, including a cash contribution of about USD 300 million to the sold businesses prior to closing. LyondellBasell also cited an April 2025 cash improvement plan, targeting annualized savings, and said it declared a Q1 2026 dividend of USD 0.69 per share, a reduction from the Q4 2025 dividend.

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