OCI Global H1 2025 Financial Results
- OCI sold its methanol business to Methanex for USD 11.6 billion.
- Beaumont New Ammonia project expects completion in Q1 2026 with a total cost of USD 1.65 billion.
- OCI distributed USD 1.7 billion to shareholders and retired 2033 bonds.
- European operations face challenges from a 38% YoY increase in gas prices.
Financial Transactions
OCI Global completed the sale of its global methanol business to Methanex Corporation, generating USD 11.6 billion in gross proceeds. The company distributed USD 1.7 billion to shareholders and fully retired its 2033 bonds.
European Operations
OCI's European portfolio is positioned for future performance after major turnarounds and maintenance. Despite higher product prices, profitability was impacted by a 38% YoY increase in gas prices and lower sales volumes due to plant outages.
Beaumont New Ammonia Project
The Beaumont New Ammonia project is nearing completion, with construction largely finished and commissioning underway. First ammonia production is expected later this year, with a total investment cost of USD 1.65 billion anticipated by Q1 2026.
Financial Performance
OCI reported H1 2025 revenue of USD 1,061 million from total operations. Continuing operations revenue was USD 567 million, an 11% YoY increase. However, adjusted EBITDA for continuing operations was USD 1 million, down from USD 7 million in H1 2024.
Cash Flow and Debt
Operating free cash outflow from continuing operations was USD 83 million, with European Nitrogen remaining cash flow positive despite higher maintenance costs. Net cash from continuing operations was USD 1,030 million as of June 30, 2025, reflecting various financial movements including shareholder distributions and project expenditures.
Source: OCI