LyondellBasell reports third quarter 2025 earnings

Net (loss) income: $(890) million, $330 million excluding identified items1Diluted (loss) earnings per share: $(2.77) per share; $1.01 per share excluding identified itemsEBITDA: $(480) million, $835 million excluding identified itemsNon-cash asset write-downs: $1,202 millionCash from operating activities: $983 millionStrong cash conversion2 of 135% during 3Q25Returned $443 million to shareholders during 3Q25 through dividendsContinued to navigate the cycle with operational and financial discipline:

Cash Improvement Plan remains on track to deliver target of $600 million3 for 2025Operational improvements from higher rates for Hyperzone PE and Channelview PO/TBA exceeding benchmark for nameplate operating rateAdvanced Polymers Solutions portfolio transformation and increased customer satisfaction driving business improvementEuropean asset sale moving forward with regulatory approvals and execution of purchase agreement

HOUSTON and LONDON, Oct. 31, 2025 (GLOBE NEWSWIRE) -- LyondellBasell Industries (NYSE: LYB) (the "company") today announced results for the third quarter 2025. Comparisons with the prior quarter and third quarter 2024 are available in the following table:

Table 1 - Earnings Summary

Millions of U.S. dollars (except share data) Three Months EndedNine Months Ended September 30
2025June 30
2025September 30
2024September 30
2025September 30
2024 Sales and other operating revenues $7,727 $7,658 $8,604 $23,062 $25,586 Net (loss) income (890) 115 573 (598) 1,970 Diluted (loss) earnings per share (2.77) 0.34 1.75 (1.89) 6.00 Weighted average diluted share count 322 322 326 322 326 EBITDA1 (480) 606 1,170 781 3,859

Excluding Identified Items1

Net income excluding identified items $330 $202 $626 $642 $1,783 Diluted earnings per share excluding identified items 1.01 0.62 1.91 1.96 5.43 Loss (gain) on sale of business, pre-tax 6 — — 6 (293) Asset write-downs, pre-tax 1,202 32 — 1,234 — Cash Improvement Plan costs, pre-tax 7 20 — 27 — Dutch PO joint venture exit costs, pre-tax — — — 117 — European transaction costs, pre-tax 17 10 — 27 — Loss (income) from discontinued operations, pre-tax 83 47 70 (66) 44 EBITDA excluding identified items 835 715 1,205 2,126 3,498

(1) See “Information Related to Financial Measures” for a discussion of the company’s use of non-GAAP financial measures and Tables 2-6 for reconciliations or calculations of these financial measures. “Identified items” include adjustments for lower of cost or market ("LCM"), gain or loss on sale of business, asset write-downs in excess of $10 million in aggregate for the period, Cash Improvement Plan costs, Dutch PO joint venture exit costs, European transaction costs and discontinued operations.
(2) Cash conversion is net cash provided by operating activities divided by EBITDA excluding adjustments for LCM, gain or loss on sale of business and asset write-downs in excess of $10 million in aggregate for the period.
(3) Relative to LYB internal plan for 2025 to current year-end, net of