LyondellBasell reports third quarter 2025 earnings
- Net (loss) income: $(890) million, $330 million excluding identified items1
- Diluted (loss) earnings per share: $(2.77) per share; $1.01 per share excluding identified items
- EBITDA: $(480) million, $835 million excluding identified items
- Non-cash asset write-downs: $1,202 million
- Cash from operating activities: $983 million
- Strong cash conversion2 of 135% during 3Q25
- Returned $443 million to shareholders during 3Q25 through dividends
- Continued to navigate the cycle with operational and financial discipline:
- Cash Improvement Plan remains on track to deliver target of $600 million3 for 2025
- Operational improvements from higher rates for Hyperzone PE and Channelview PO/TBA exceeding benchmark for nameplate operating rate
- Advanced Polymers Solutions portfolio transformation and increased customer satisfaction driving business improvement
- European asset sale moving forward with regulatory approvals and execution of purchase agreement
HOUSTON and LONDON, Oct. 31, 2025 (GLOBE NEWSWIRE) -- LyondellBasell Industries (NYSE: LYB) (the "company") today announced results for the third quarter 2025. Comparisons with the prior quarter and third quarter 2024 are available in the following table:
Table 1 - Earnings Summary
| Millions of U.S. dollars (except share data) | Three Months Ended | Nine Months Ended | ||||||||||||
| September 302025 | June 302025 | September 302024 | September 302025 | September 302024 | ||||||||||
| Sales and other operating revenues | $7,727 | $7,658 | $8,604 | $23,062 | $25,586 | |||||||||
| Net (loss) income | (890) | 115 | 573 | (598) | 1,970 | |||||||||
| Diluted (loss) earnings per share | (2.77) | 0.34 | 1.75 | (1.89) | 6.00 | |||||||||
| Weighted average diluted share count | 322 | 322 | 326 | 322 | 326 | |||||||||
| EBITDA1 | (480) | 606 | 1,170 | 781 | 3,859 | |||||||||
Excluding Identified Items1
| Net income excluding identified items | $330 | $202 | $626 | $642 | $1,783 | |||||||||
| Diluted earnings per share excluding identified items | 1.01 | 0.62 | 1.91 | 1.96 | 5.43 | |||||||||
| Loss (gain) on sale of business, pre-tax | 6 | — | — | 6 | (293) | |||||||||
| Asset write-downs, pre-tax | 1,202 | 32 | — | 1,234 | — | |||||||||
| Cash Improvement Plan costs, pre-tax | 7 | 20 | — | 27 | — | |||||||||
| Dutch PO joint venture exit costs, pre-tax | — | — | — | 117 | — | |||||||||
| European transaction costs, pre-tax | 17 | 10 | — | 27 | — | |||||||||
| Loss (income) from discontinued operations, pre-tax | 83 | 47 | 70 | (66) | 44 | |||||||||
| EBITDA excluding identified items | 835 | 715 | 1,205 | 2,126 | 3,498 | |||||||||
(1) See “Information Related to Financial Measures” for a discussion of the company’s use of non-GAAP financial measures and Tables 2-6 for reconciliations or calculations of these financial measures. “Identified items” include adjustments for lower of cost or market ("LCM"), gain or loss on sale of business, asset write-downs in excess of $10 million in aggregate for the period, Cash Improvement Plan costs, Dutch PO joint venture exit costs, European transaction costs and discontinued operations.(2) Cash conversion is net cash provided by operating activities divided by EBITDA excluding adjustments for LCM, gain or loss on sale of business and asset write-downs in excess of $10 million in aggregate for the period.(3) Relative to LYB internal plan for 2025 to current year-end, net of
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