METHANEX CORP
For the period ended Mar 31, 2026. Filed Apr 29, 2026.
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Mar 31, 2026 · Filed Apr 29, 2026
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Contents
Adjusted EBITDA
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 20. 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) | Q1 2026compared withQ4 2025 | Q1 2026compared withQ1 2025 |
|---|---|---|
| Average realized price | $48 | $(131) |
| Sales volume | (8) | 52 |
| New Zealand gas sale proceeds, net of gas and fixed costs during idle period | — | (8) |
| Ammonia contribution | (6) | 16 |
| Total cash costs | $— | $43 |
| Increase (decrease) in Adjusted EBITDA | $34 | $(28) |
MANAGEMENT’S DISCUSSION AND ANALYSIS PAGE 6
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