OTC 538 Equate Petrochemical Company announced its financial results for the first half of 2025, reporting total revenues of $1.889 billion, compared to $1.861 billion in the same period of 2024.
The company stated that it achieved a net income after tax of $204 million, and earnings before interest, tax, depreciation, and amortization (EBITDA) of $501 million, compared to $348 million and $650 million, respectively, in the first half of 2024.
Despite continued instability in global markets, including trade disruptions and price declines, Equate maintained strong operational performance, maximizing production across its global asset base, particularly its ethylene derivatives assets.
The group also witnessed an increase in sales volume, which contributed to higher revenues. In addition, the strategic geographic diversification of its assets, along with flexible global supply chains, enabled Equate to seize demand opportunities and sustain its solid financial position.
Equate continued to implement its Environmental, Social, and Governance (ESG) strategy, making progress toward its 2035 goals and recording improvements in performance and efficiency across its key sites. These efforts reflect the company’s commitment to safety, sustainability, and long-term value creation for its stakeholders and the communities in which it operates.
Naser Al-Dousari, President and CEO of Equate, commented on the financial results, saying:“Our performance in the first half reflects the strength of our operations and our ability to consistently deliver results despite global economic conditions and market volatility. We remain committed to meeting customer needs and maintaining our business momentum through efficient operations and resilient supply chains.”
He added:“Although the global markets are experiencing short-term weakness, Equate’s long track record in navigating market cycles gives us confidence in our ability to sustain performance and deliver added value at all levels. With a clear strategy, strong financial fundamentals, and committed teams, we continue to focus on long-term corporate growth and operational excellence.”