Methanex Reports Q4 2025 Results

Methanex reported fourth quarter 2025 revenue of $969 million, compared with $927 million in the third quarter of 2025 and $949 million in the fourth quarter of 2024. The company sold 2.689 million tonnes of methanol during the quarter, up from 2.476 million tonnes in the prior quarter. Sales of Methanex-produced methanol increased to 2.390 million tonnes from 1.891 million tonnes in the third quarter, reflecting higher production volumes. Average realized methanol prices declined to $331 per tonne from $345 per tonne in the previous quarter and $370 per tonne in the same period of 2024. The lower realized price reduced Adjusted EBITDA by approximately $36 million compared with the third quarter. 

For the fourth quarter of 2025, Methanex recorded a net loss attributable to shareholders of $89 million, compared with a net loss of $7 million in the third quarter of 2025 and net income of $45 million in the fourth quarter of 2024. Adjusted EBITDA totaled $186 million, slightly below $191 million in the prior quarter and $224 million in the same period of the previous year. Adjusted net loss for the quarter was $11 million. The reported net loss was primarily driven by a non-cash impairment charge of $82 million related to the company’s New Zealand operations, as well as lower realized methanol prices, reduced proceeds from gas sales in New Zealand, and higher depreciation. These factors were partially offset by higher sales volumes and mark-to-market adjustments related to share-based compensation.