METHANEX CORP
For the period ended Jun 30, 2026. Filed Jul 28, 2026.
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Jun 30, 2026 · Filed Jul 28, 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 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 2026compared withQ1 2026 | Q2 2026compared withQ2 2025 | YTD Q2 2026compared withYTD Q2 2025 |
|---|---|---|---|
| Average realized price | $415 | $359 | $228 |
| Sales volume | (5) | 36 | 88 |
| New Zealand gas sale proceeds, net of gas and fixed costs during idle period | 1 | (12) | (20) |
| Ammonia contribution | 12 | 28 | 44 |
| Total cash costs | (66) | (17) | 26 |
| Increase in Adjusted EBITDA | $357 | $394 | $366 |
MANAGEMENT’S DISCUSSION AND ANALYSIS PAGE 6
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