Why did Lotte Chemical Titan’s net losses widen in Q1 despite a 70% revenue surge?

Lotte Chemical Titan’s net losses widened to 230 million Malaysian ringgit (up from 135 million ringgit year-on-year) due to higher depreciation and interest expenses following the commercialization of the Lotte Chemical Indonesia New Ethylene (LINE) project in October 2025, as well as its share of losses from associate company Lotte Chemical USA Corp.

What drove Lotte Chemical Titan’s 70% year-over-year revenue increase in Q1, and what factors partially offset it?

The 70% year-over-year revenue surge—to 2.5 billion ringgit—was primarily driven by higher sales volume from the LINE project, which began commercial operations in October 2025; however, this growth was partially offset by the weakening US dollar against the ringgit and lower average selling prices.

Lotte Chemical Titan’s net losses widen despite revenue surge

May 8, 2026

Lotte Chemical Titan reported a widened net loss of 230 million ringgit despite a 70% revenue surge driven by its new ethylene project, citing volatile petrochemical market conditions amid Middle East geopolitical tensions.

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