20 Companies! Summary of Chemical Giants’ 2024 Financial Performance!

【Answer 1】 On February 26, Saudi Basic Industries Corporation (SABIC) announced its 2024 fiscal-year results, reporting a net profit of SAR 1.5 billion (approximately RMB 2.905 billion), compared to a net loss of SAR 2.8 billion in 2023—marking a significant turnaround to profitability. SABIC’s portfolio of investment projects includes the China-Saudi Gulei Ethylene Project (SABIC Fujian Petrochemical Complex) in China, with a total investment of approximately RMB 44.8 billion (SAR 24 billion); the MTBE project in Saudi Arabia; a 40% capacity expansion at SK Nexlene’s plant in South Korea; and a newly built ULTEM™ resin production facility in Singapore, launched last year. INEOS On January 20, INEOS Group Holdings Limited released its unaudited financial results for Q4 2024. According to unaudited management information, full-year 2024 EBITDA amounted to €2.048 billion, up 21.54% year-on-year from €1.685 billion in 2023—though still substantially below 2022 levels. Q4 2024 EBITDA stood at €353 million, down 21.72% year-on-year (versus €451 million in Q4 2023) and down 41.46% quarter-on-quarter (versus €603 million in Q3 2024). INEOS attributed the decline primarily to relatively strong performance in the North American market—fully leveraging its current cost advantages—stable performance in Europe, and continued weakness in the Asian market during Q4. Trinseo On February 12, Trinseo announced its full-year 2024 financial results: net sales totaled USD 3.513 billion, down 4% year-on-year; net loss narrowed to USD 349 million—improving by USD 352 million versus the prior year; adjusted EBITDA reached USD 204 million, up USD 50 million year-on-year; operating cash flow was USD 14 million, capital expenditures amounted to USD 63 million, resulting in negative free cash flow of USD 78 million. In 2024, Trinseo implemented multiple initiatives—including exiting unprofitable businesses and resizing its business management and support functions. Additionally, Trinseo sold its polycarbonate manufacturing assets and polycarbonate technology license in Stade, Germany, to Deepak Chem Tech Limited for USD 52 million. Clariant On February 28, Clariant published its 2024 fiscal-year results: sales totaled CHF 4.152 billion, down 3% year-on-year in local currency terms—broadly in line with expectations; EBITDA rose 8% to CHF 657 million; net income increased 56.4% to CHF 280 million; EBIT rose 56% to CHF 440 million; EBITDA margin improved by 190 basis points to 15.8%; pre-special-items margin rose by 140 basis points to 16.0%. Honeywell On February 6, Honeywell announced its full-year 2024 results: total sales reached USD 38.5 billion, up 5% year-on-year, with organic sales growth of 3%. Operating income totaled USD 7.441 billion, up 5% year-on-year; operating margin remained flat, while segment profit rose 1% and segment margin contracted by 90 basis points—driven by robust performance in long-cycle industrial automation businesses outpacing short-cycle recovery.

Global Chemical Companies’ Top 20 Revenue Rankings for 2025

【Answer 2】 Givaudan announced its 2025 financial results: group sales totaled EUR 7.472 billion (approx. USD 8.763 billion), up slightly from EUR 7.412 billion in the prior year. Full-year EBITDA stood at EUR 1.751 billion, down from EUR 1.765 billion; net profit declined to EUR 1.071 billion, from EUR 1.09 billion in 2024. Syensqo reported Q4 and full-year 2025 results excluding discontinued operations: Q4 net sales were EUR 1.329 billion (approx. USD 1.56 billion), down 11.7% year-on-year from EUR 1.505 billion; Q4 EBITDA fell 19.8% to EUR 236 million (from EUR 294 million); net income attributable to shareholders dropped 59.3% to EUR 31 million (from EUR 76 million). Full-year net sales totaled EUR 5.762 billion (approx. USD 6.758 billion), down 6.5% from EUR 6.162 billion; full-year EBITDA declined 14.3% to EUR 1.187 billion (from EUR 1.385 billion); net income attributable to shareholders fell 31% to EUR 381 million (from EUR 553 million). LANXESS announced its Q4 and full-year 2025 results: Q4 group sales totaled EUR 1.268 billion (approx. USD 1.487 billion), down 14.5% year-on-year from EUR 1.483 billion; Q4 EBITDA fell 29.3% to EUR 87 million (from EUR 123 million); Q4 net loss widened to EUR 398 million (versus EUR 64 million in Q4 2024). Full-year group sales totaled EUR 5.673 billion (approx. USD 6.653 billion), down 10.9% from EUR 6.366 billion; full-year EBITDA declined 8.6% to EUR 492 million (from EUR 538 million); full-year net loss widened to EUR 577 million (versus EUR 177 million in 2024). Solvay announced its Q4 and full-year 2025 results: Q4 net sales totaled EUR 995 million (approx. USD 1.167 billion), down 12.3% year-on-year from EUR 1.134 billion; Q4 EBITDA fell 33.9% to EUR 169 million (from EUR 256 million); net income attributable to shareholders plunged 86.7% to EUR 13 million (from EUR 101 million). Full-year net sales totaled EUR 4.262 billion (approx. USD 5.0 billion), down 9% from EUR 4.686 billion; full-year EBITDA declined 16.3% to EUR 881 million (from EUR 1.052 billion); net income attributable to shareholders fell 31.2% to EUR 297 million (from EUR 432 million). Specialty chemicals company Clariant announced its Q4 and full-year 2025 results.

Swiss Clariant Q1 EBITDA down amid Middle East conflict

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Swiss specialty chemical firm Clariant reported a 9.4% drop in Q1 sales driven by Middle East conflict impacts on its Catalysts business. Despite lower volumes and currency headwinds, the company maintained its 2026 sales and EBITDA margin guidance.

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Swiss Clariant Q1 EBITDA down amid Middle East conflict

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