PETRONAS Chemicals Group Bhd (PCG) recorded an improved financial performance for the second quarter ended June 30, 2026, supported by robust demand, higher product spreads and stronger contributions from strategic sourcing and trading activities.
The petrochemical group said the stronger performance came despite major planned maintenance activities during the quarter, which moderated production and sales volumes.
PCG also declared an interim dividend of six sen per share, amounting to RM480 million, for the financial year ending Dec 31, 2026. The dividend is payable in September 2026.
Revenue for 2Q2026 increased 13% quarter-on-quarter to RM7.9 billion, driven by higher average product prices across both its commodities and specialty chemicals portfolios.
The group also benefited from improved contributions from strategic sourcing and trading activities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) rose by RM143 million to RM1.3 billion, underpinned by improved product spreads as well as contributions from value creation and cost optimisation initiatives.
Profit after tax (PAT) increased to RM445 million from loss of RM1 billion in the same period last year, despite an RM88 million impairment on projects in progress.
PCG said the higher PAT was primarily supported by the improvement in EBITDA.
The group’s performance comes against a backdrop of ongoing efforts to strengthen operational efficiency and extract greater value from its chemicals portfolio.
The higher product spreads, together with contributions from strategic sourcing, trading and cost optimisation, helped offset the impact of planned maintenance on production and sales volumes.
The interim dividend of RM480 million represents PCG’s continued return of value to shareholders amid the improvement in quarterly earnings.
