METHANEX CORP
For the period ended Jun 30, 2025. Filed Jul 30, 2025.
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Jun 30, 2025 · Filed Jul 30, 2025
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Adjusted EBITDA
Our operations throughout the second quarter of 2025 consisted of a single reporting segment - the production and sale of methanol. We review the results of operations by analyzing changes in the components of Adjusted EBITDA. For a discussion of the definitions used in our Adjusted EBITDA analysis, refer to How We Analyze Our Businesson page 19. Changes in these components - average realized price, sales volume and total cash costs - similarly impact net income attributable to Methanex shareholders. The changes in Adjusted EBITDA resulted from changes in the following:
| ($ millions) | Q2 2025compared withQ1 2025 | Q2 2025compared withQ2 2024 | YTD Q2 2025compared withYTD Q2 2024 |
|---|---|---|---|
| Average realized price | $(60) | $43 | $171 |
| Sales volume | (12) | (37) | (74) |
| Geismar 3 delay costs | — | 13 | 38 |
| New Zealand gas sale proceeds, net of gas and fixed costs during idle period | 5 | 13 | 21 |
| Total cash costs | 2 | (13) | (49) |
| Increase in Adjusted EBITDA | $(65) | $19 | $107 |
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