PCG Demonstrates Discipline and Resilience in Navigating a Challenging Market

• Delivered RM574 million EBITDA improvement despite unfavourable market environment
• Delivered total dividend of RM560 million for FY2025
• Positioned for 2026 with sustained discipline and focus on long-term value creation

Kuala Lumpur, 22 April 2026 – PETRONAS Chemicals Group Berhad (PCG) today held its 28th Annual General Meeting, where the Company reported its financial and operational results for the year ended 31 December 2025, reflecting disciplined execution amid ongoing challenges in the global chemicals market.

Disciplined Execution in a Weak Market

Against a backdrop of global oversupply, subdued demand, cost pressures and geopolitical uncertainty, PCG achieved a plant utilisation rate of 88%, underpinned by strong asset integrity and optimised plant management across the portfolio.

The Group delivered an improvement of RM574 million in EBITDA despite unfavourable pricing, driven by feedstock optimisation, improved plant reliability and turnaround efficiency. Commercial agility through strategic third-party sourcing and active market optimisation enhanced supply flexibility, while structural cost reductions were achieved via active contract management, logistics efficiency and waste circularity initiatives.

Reflecting this performance, the Board declared a total dividend of RM560 million for FY2025, balancing shareholder returns with financial flexibility to support future growth.

Outlook: Vigilance, Discipline and Selective Growth in 2026

PCG enters 2026 anchored on discipline and resilience, anticipating continued market uncertainty, uneven recovery, and recent geopolitical developments in West Asia that have introduced fresh volatility to feedstock and supply chain dynamics. The Group's strategy centres on reinforcing discipline across safety, operations and capital deployment, alongside selective initiatives to strengthen portfolio resilience—including continued optimisation of its core business, disciplined expansion of specialty chemicals, and targeted investments aligned with evolving customer and market needs.

Commenting on the outlook, Managing Director/Chief Executive Officer Mazuin Ismail said, "Our priority for 2026 is to maintain vigilance, reinforce discipline and safeguard the strength of our operations, while continuing to build the foundations for sustainable growth. In an operating environment that has become more dynamic and less predictable, this approach ensures we remain resilient through near-term volatility and well-positioned to emerge stronger. PCG remains committed to prioritising domestic demand over exports to ensure the continued availability of high-quality products in the local market. Customers can rely on PCG for stable supply and consistent product quality.

The AGM was chaired by PCG Chairman Datuk Sazali Hamzah, with Mazuin and Chief Financial Officer Mohd Azli Ishak presenting the Company's performance, growth plans and 2026 outlook to shareholders.

PCG's 2025 Integrated Report, Sustainability Report and Financial Report are available at https://www.petronas.com/pcg/investor-relations/reports and on Bursa Malaysia's website.