MPHC posts QR725 mn in 9-month revenues, retains robust liquidity

Mesaieed Petrochemical Holding Company (MPHC) disclosed a net loss of QR428 million for the nine-month period ending September 30, 2026, with revenues totaling QR725 million. Production adjustments and ongoing logistical disruptions due to the regional conflict contributed to lower production volumes across petrochemical and chlor-alkali segments.

Although average selling prices experienced a moderate decline year-on-year, the overall impact on earnings was positive, driven by the introduction of a higher-value polyvinyl chloride (PVC) product and improved chlor-alkali pricing. Operating costs decreased alongside lower production and sales volumes, but the company continued to face pressure on margins due to fixed operating expenses necessary for safe and reliable operations in both segments.

MPHC's cash position stood at QR3.1 billion as of September 30, 2026, slightly declining compared to December 31, 2025, primarily due to final dividend payments and a capital contribution towards the PVC project. The petrochemicals segment experienced a net loss, a deterioration from the previous year, primarily due to lower production and sales volumes and challenges in market conditions, including product price pressures from global supply-demand imbalances and subdued demand in downstream industries.

MPHC plans to present its Q3 2026 results, business outlook, and other matters via an investor relations earnings call on November 2, 2026, at 1:30pm Doha time.