Lotte Chemical Titan's 3Q Losses Narrow Amid Volatile Market
Lotte Chemical Titan reported a narrower net loss of RM197.86 million for 3Q25 compared to RM1.69 billion in 3Q24, with revenue up 26% year-on-year to RM2.45 billion. The improvement was driven by higher sales volume from the LINE project and reduced losses from Lotte Chemical USA Corp. For the nine months, net loss also narrowed to RM970.37 million.
Lotte Chemical Titan Holding Bhd announced that its net loss for the third quarter ended September 30, 2025, narrowed significantly to RM197.86 million from RM1.69 billion in the same period last year. Revenue increased by 26% year-on-year to RM2.45 billion, primarily due to higher sales volume supported by the commissioning of the Lotte Chemical Indonesia New Ethylene (LINE) project. The reduction in losses was mainly attributed to a lower share of losses from Lotte Chemical USA Corp and decreased depreciation expenses from Malaysian operations. For the nine months ended September 30, 2025, the group's net loss narrowed to RM970.37 million from RM1.82 billion in the previous year, with revenue down 5% to RM5.37 billion due to lower sales volume and average product selling prices in Malaysia, partially offset by contributions from the LINE project. The company's average plant utilisation was 50% in 3Q25, compared to 58% in the same period last year, excluding the LINE project. Lotte Chemical Titan expects the global business environment to remain volatile due to geopolitical factors and market conditions, with ongoing challenges from product oversupply and pressure on margins. Despite these headwinds, the company remains committed to its markets in Malaysia, Indonesia, and Southeast Asia, projecting an operating rate of 45% to 50% for the financial year 2025.
