What were the key drivers behind IVL's Q2 2026 net profit of Bt6.55 billion?

IVL's Q2 2026 net profit of Bt6.55 billion was driven by stronger spreads, supply disruptions—particularly those linked to the war in the Middle East—and operational improvements across all four business segments; these factors boosted operating profits, with Combined PET (CPET) contributing most significantly, delivering over a twofold surge in EBITDA to Bt14.4 billion, aided by sharply higher China PET benchmark spreads ($279/tonne vs. $132/tonne year earlier), tighter regional supply, limited capacity additions, and the company's integrated shale-to-PET platform in North America which helped mitigate feedstock cost inflation.

Why does IVL expect Q3 earnings to moderate despite strong H1 2026 performance?

IVL expects Q3 earnings to moderate because the 'exceptionally strong second quarter' was supported by 'temporary market tailwinds'—including Middle East–related supply disruptions that lifted benchmark spreads and pricing—that are anticipated to normalize, even though the company remains confident in meeting its full-year 2026 targets.

Thailand’s IVL swings to Q2 profit; expects Q3 earnings to normalize

Aug 11, 2026

Thailand-listed polyester major Indorama Ventures swung to a Q2 net profit of $198 million driven by stronger spreads and supply disruptions. Earnings are expected to moderate in Q3, though the company remains confident in meeting its 2026 targets.

icis

2026-08-11

Thailand’s IVL swings to Q2 profit; expects Q3 earnings to normalize

Thailand’s IVL swings to Q2 profit; expects Q3 earnings to normalize

FAQ