What were Petronas Chemicals Group's key financial results for the second quarter ended June, and how did they compare to the same period last year?

Petronas Chemicals Group (PCG) reported a net profit of RM414 million for the second quarter ended June, a dramatic turnaround from a net loss of RM1.08 billion in the same quarter last year; additionally, its revenue rose to RM7.9 billion from RM6.44 billion year-on-year. Although large-scale planned maintenance across multiple plants constrained output and sales volume, strong market demand and an expanded spread between product and feedstock prices drove the recovery in profitability.

How does PCG forecast performance for its olefins & derivatives and specialty chemicals segments in the second half of the year?

For the second half of the year, PCG expects its olefins and derivatives segment to remain stable, while noting that regional markets continue to face oversupply and intense competition, with product pricing primarily influenced by feedstock cost fluctuations and peer operating rates; meanwhile, the specialty chemicals segment adopts a cautious outlook due to weak downstream demand from construction and automotive sectors, with only modest growth anticipated in the consumer goods industry.

Petronas Chemicals Group Reports Revenue Growth

Aug 24, 2026

Petronas Chemicals Group reported a net profit of 414 million Ringgit in Q2, recovering from a loss last year despite plant maintenance. The company forecasts stable olefin output but remains cautious on specialty chemicals due to weak downstream demand.

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2026-08-24

Petronas Chemicals Group Reports Revenue Growth

Petronas Chemicals Group Reports Revenue Growth

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