IVL posts strong Q3 profit as CEO signals ‘consistent dividend’
Indorama Ventures Plc (IVL) reported a strong turnaround in the third quarter of 2026, while management signaled that it remains committed to maintaining consistent dividend payments as the company continues to cut costs, streamline its portfolio and reduce debt. IVL posted a net profit of 2.17 billion Baht in the third quarter, compared with a […] The post IVL posts strong Q3 profit as CEO…
Indorama Ventures Plc (IVL) reported a strong Q3 profit of 2.17 billion Baht in 2026, up from a loss of 818 million Baht in the same period last year. The company's EBITDA rose 65% year-on-year to 13.72 billion Baht, driven by improved performance across its businesses and ongoing cost reductions. Management has signaled its commitment to maintaining consistent dividend payments, with a recent increase to 0.20 Baht per share in Q2 2026 from 0.175 Baht in previous quarters.
IVL is also focusing on deleveraging, with the net debt-to-EBITDA ratio expected to decline further by the end of 2026 through improved working capital, asset divestments, and tighter inventory management. The company is divesting several assets, including its Rotterdam PTA/PET plant and Australia surfactants business, while retaining strategically important European PTA/IPA and specialty polymer assets.
Brief written by urgent.news from Thai Enquirer's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
