Methanex (MX) investor relations material

Executive summary

• Achieved best two-year safety performance in company history by year-end 2025, with zero Tier 1 process safety incidents and recordable injury rates well below industry average.

• Fourth quarter 2025 production reached 2,364,000 tonnes, up from 2,212,000 tonnes in Q3, driven by higher output in Chile and New Zealand, despite some outages.

• Net loss attributable to shareholders was $89 million, mainly due to an $82 million non-cash impairment in New Zealand.

• Adjusted EBITDA for Q4 2025 was $186 million, with an adjusted net loss of $11 million.

• Integration of newly acquired Texas and OCI Global assets progressed well, contributing to portfolio growth and improved safety performance.

Financial highlights

• Q4 2025 revenue was $969 million, with an average realized price of $331/ton and produced sales of ~2.4 million tons.

• Adjusted EBITDA for Q4 was $186 million; adjusted net loss was $11 million.

• Adjusted EBITDA declined sequentially due to lower realized prices and immediate fixed cost recognition from plant outages.

• Ended 2025 with $425 million in cash and access to a $600 million revolving credit facility.

• $54 million returned to shareholders via dividends in 2025; $200 million of Term Loan A repaid.

Outlook and guidance

• Q1 2026 average realized price expected between $330 and $340/ton, with slightly higher Adjusted EBITDA than Q4.

• Equity production guidance for 2026 is approximately 9 million tons of methanol and 0.3 million tons of ammonia, with regional breakdowns provided.

• All free cash flow in the near term will be directed to repaying Term Loan A facility.

• $30 million in synergies from OCI asset integration targeted by end of 2026, with full realization expected in 2027.