Financial and Production Highlights
Delivered first full quarter of safe, reliable operations at newly acquired Beaumont and Natgasoline plants, producing 239,000 tonnes and 222,000 tonnes (Methanex share) of methanol respectively. Beaumont also produced 88,000 tonnes of ammonia in the third quarter.
Adjusted EBITDA of $191 million, Adjusted net income of $5 million, and net loss attributable to Methanex shareholders of $7 million in the third quarter. Our average realized price in the third quarter was $345 per tonne compared to $374 per tonne in the second quarter of 2025.
Production in the third quarter was 2,212,000 tonnes compared to 1,621,000 tonnes in the second quarter of 2025 due to the addition of production from Beaumont and Natgasoline combined with higher production from Geismar, Medicine Hat, and New Zealand. Higher production from the third quarter is expected to result in higher sales of produced product in the fourth quarter of 2025.
Chile I operated at full rates throughout the Southern Hemisphere winter months marking the first time the plant has done so in over ten years. Chile IV successfully completed a planned turnaround and returned to operations at the start of October with increased gas availability from Argentina.
Generated $184 million in cash from operations and repaid $125 million of our Term Loan A in line with our goal to de-lever the balance sheet.
In the third quarter, $14.3 million was returned to shareholders through regular dividends. We ended the third quarter with $413 million in cash.
VANCOUVER, British Columbia, Oct. 29, 2025 (GLOBE NEWSWIRE) -- For the third quarter of 2025, Methanex (TSX:MX) (NASDAQ:MEOH) reported net loss attributable to Methanex shareholders of $7 million ($0.09 net loss per common share on a diluted basis) compared to net income of $64 million ($0.93 net income per common share on a diluted basis) in the second quarter of 2025. Adjusted EBITDA for the third quarter of 2025 was $191 million and Adjusted net income was $5 million ($0.06 Adjusted net income per common share). This compares with Adjusted EBITDA of $183 million and Adjusted net income of $66 million ($0.97 Adjusted net income per common share) for the second quarter of 2025.
Rich Sumner, President & CEO of Methanex, said, "This quarter marked a significant milestone as we successfully completed the first full quarter of operations at our newly acquired Beaumont plant and joint venture Natgasoline. Both facilities have been operating safely and reliably since the acquisition and the integration of the new operations into our business is progressing well and according to plan. We are focused on the reliable and cost efficient operation of our assets and supply chain to navigate the current macro uncertainty and create long-term value for shareholders."
FURTHER INFORMATION
The information set forth in this news release summarizes Methanex's key financial and operational data for the third quarter of 2025. It is not a complete source of information for readers and is not in any way a substitute for reading the third quarter 2025 Management's Discussion and Analysis ("MD&A") dated October 29, 2025 and the unaudited condensed consolidated interim financial statements for the period ended September 30, 2025, both of which are available from the Investor Relations section of our website at www.methanex.com. The MD&A and the unaudited condensed consolidated interim financial statements for the period ended September 30, 2025 are also available on the Canadian Securities Administrators' SEDAR+ website at www.sedarplus.ca and on the United States Securities and Exchange Commission's EDGAR website at www.sec.gov.
FINANCIAL AND OPERATIONAL DATA
Three Months Ended
Nine Months Ended
($ millions except per share amounts and where noted)
Sep 302025
Jun 302025
Sep 302024
Sep 302025
Sep 302024
Production (thousands of tonnes) (attributable to Methanex shareholders)1
2,212
1,621
1,347
5,452
4,490
Sales volume (thousands of tonnes)
Methanex-produced methanol
1,891
1,528
1,378
5,122
4,639
Purchased methanol
488
451
987
1,321
2,560
Commission sales
97
154
258
383
706
Total methanol sales volume
2,476
2,133
2,623
6,826
7,905
Methanex average non-discounted posted price ($ per tonne)2
578
605
519
606
496
Average realized price ($ per tonne)3
345
374
356
373
350
Revenue
927
797
935
2,620
2,771
Net income (loss) (attributable to Methanex shareholders)
(7
)
64
31
169
119
Adjusted net income4
5
66
82
159
168
Adjusted EBITDA4
191
183
216
622
540
Cash flows from operating activities
184
277
210
776
456
Basic net income (loss) per common share
(0.09
)
0.95
0.46
2.38
1.77
Diluted net income (loss) per common share
(0.09
)
0.93
0.35
2.21
1.62
Adjusted net income per common share4
0.06
0.97
1.21
2.23
2.48
Common share information (millions of shares)
Weighted average number of common shares
77
68
67
71
67
Diluted weighted average number of common shares
77
68
68
71
68
Number of common shares outstanding, end of period
77
77
67
77
67
1 Methanex-produced methanol represents our equity share of methanol volume produced at our facilities and excludes volume marketed on a commission basis related to the 36.9% of the Atlas facility and 50% of the Egypt facility that we do not own.
2 Methanex average non-discounted posted price represents the average of our non-discounted posted prices in North America, Europe, China and Asia Pacific weighted by total methanol sales volume. Current and historical pricing information is available at www.methanex.com.
3 The Company has used Average realized price ("ARP") throughout this document. ARP is calculated as methanol revenue divided by the total methanol sales volume. It is used by management to assess the realized price per unit of methanol sold, and is relevant in a cyclical commodity environment where revenue can fluctuate in response to market prices.
4 Note that Adjusted net income, Adjusted net income per common share, and Adjusted EBITDA are non-GAAP measures and ratios that do not have any standardized meaning prescribed by GAAP and therefore are unlikely to be comparable to similar measures presented by other companies. Refer to the Additional Information -Non-GAAP Measures section on page 16 of our third quarter MD&A dated October 29, 2025 for a description of each non-GAAP measure.
A reconciliation from net income attributable to Methanex shareholders to Adjusted EBITDA, Adjusted net income and the calculation of Adjusted net income per common share is as follows:
Three Months Ended
Nine Months Ended
($ millions)
Sep 302025
Jun 302025
Sep 302024
Sep 302025
Sep 302024
Net income (loss) attributable to Methanex shareholders
$
(7
)
$
64
