Bangkok: IRPC Public Company Limited has announced a significant reduction in its net loss for 2025, amounting to 3,571 million baht, which is a 31% decrease compared to 2024. The company is accelerating its 4R strategy to upgrade its core businesses and is preparing for the commercial operation of new projects that will support the medical, electric vehicle, and electronics industries, all while developing products under the Rematerial concept to support the circular economy.
According to Thai News Agency, IRPC has set an ambitious EBITDA target of 6,204 million baht for 2025, which represents an increase of 1,728 million baht. The company's Chief Executive Officer and President, Mr. Terdsak Prommoon, highlighted the challenges facing the petrochemical industry, including oversupply, intense price competition, energy price volatility, and trade uncertainty. Despite these challenges, IRPC aims to manage its capital proactively, restructure its investment portfolio, and improve production and operational efficiency. The company will establish a 'Crisis War Room' to closely monitor the economy and markets, and increase the proportion of domestic product sales to respond to volatility effectively.
The company's 4R strategy includes several initiatives. Under the 'Recapitalize' initiative, IRPC is focusing on strengthening its financial stability by managing assets, restructuring investments, and exiting unprofitable ventures. In 2025, the company issued bonds totaling 11 billion baht and sold a 40% stake in WHA Industrial Estate Rayong Co., Ltd. Additionally, IRPC is involved in a hospital and rehabilitation center project in Rayong Province and is leasing land for clean energy developments.
The 'Revitalize' initiative aims to enhance core business performance and operations through the Performance Uplift Project. The company is on track to exceed its EBITDA target by generating 1 billion baht through improved production processes and a shift towards high-value products. The petrochemical business is targeting a 60% share of specialty products by 2030 and plans to commence new projects in 2026.
Under the 'Reframe' initiative, IRPC is integrating sustainability and digitalization into its corporate strategy by restructuring and developing human resources. The 'Reinvent' initiative focuses on expanding investments into downstream and value-added businesses, with an emphasis on providing comprehensive consulting and services to customers and partners. The company has introduced 'Graphenix X KleanTeQ,' a smart textile innovation showcasing its potential to leverage innovation into downstream businesses.
For the fiscal year 2025, IRPC projects net sales revenue of 232,671 million baht, a 17% decrease compared to 2024, due to lower average selling prices and sales volumes. Despite this, the company's Market GIM and Accounting GIM saw increases, contributing to a higher EBITDA. The company recorded financial gains from derivatives and asset disposals, which helped offset its net loss.
Looking ahead to 2026, IRPC anticipates Dubai crude oil prices to fluctuate between US$60 and US$70 per barrel. The OPEC+ group is expected to adjust production levels to maintain market balance. Demand for petrochemical products is expected to remain stable, with growth in consumer-related product groups. However, the market will face pressure from new production capacity, particularly in China.
IRPC remains committed to transparent corporate governance and social responsibility, as evidenced by its recognition in various awards and indices. The Board of Directors has approved a dividend payment of 0.01 baht per share for the 2025 fiscal year, subject to approval at the Annual General Meeting of Shareholders.