Net loss of $96 million in Q4 last year, polyurethane giant Huntsman: No significant market changes expected in the short term

Gelonghui, February 22nd丨According to The Paper, global polyurethane giant Huntsman recently disclosed its latest performance. In the fourth quarter of 2025, the company achieved revenue of $1.355 billion, with a net loss of $96 million, and an adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) of $35 million. By segment, revenue from the Polyurethanes division declined year-on-year mainly due to lower average selling prices, while increased sales volume offset some of the negative impact. The average selling price of MDI products decreased mainly due to an unfavorable supply and demand relationship. Revenue from the Advanced Materials division declined year-on-year, mainly due to reduced sales volume, while higher average selling prices offset some of the negative impact. The decrease in sales volume was mainly due to weak demand for coatings products used in infrastructure and the general industrial sector. Peter R. Huntsman, Chairman of the Board, President, and CEO of Huntsman, stated that looking back at 2025, despite continued weak profitability, the company achieved nearly $300 million in operating cash flow for the year, with a free cash flow conversion rate of 45%. “We still believe that the economic cycle of the chemical industry will eventually recover, and the company’s core markets will improve accordingly, while also recognizing that there will be no significant changes in the short term.”