Indorama Ventures PCLIVL
▲ PositiveCapitalrelevance
Q2 net profit surged to 5,961 million baht from a loss, with strong EBITDA growth and improved balance sheet.
Impact on stocks 1
Critical Materials & Supply Chain
Indorama Ventures PCLIndorama Ventures Public Company Limited (IVL) reported its operating results for the second quarter of 2026, with a net profit of 5,961 million baht, reversing from a net loss of 521 million baht in the same period last year. The improvement was driven by all four business segments, particularly the PET business, which benefited from the 'local for local' model and higher China Integrated PET Benchmark Spreads, which rose to 279 US dollars per ton. For the first half of the year, the company reported total revenue of 245 billion baht, up 4% year-on-year, and EBITDA of 29.7 billion baht, up 61%. Net profit stood at 3,144.9 million baht, compared to a loss of 1,833 million baht in the same period last year. The financial position strengthened, with net debt decreasing from 236 billion baht to 226 billion baht, and the net debt-to-equity ratio improving from 1.83 times to 1.56 times. The company expects results to moderate from the exceptionally strong level in Q2/2026, but the underlying outlook remains positive.
Indorama Ventures PCLQ2 net profit surged to 5,961 million baht from a loss, with strong EBITDA growth and improved balance sheet.