Indorama Ventures reported significantly stronger first-half 2026 earnings, reflecting favorable market conditions together with continued progress in strengthening the company’s operating fundamentals.

For the first half of 2026, the company reported revenue of THB 245.3 billion, up 4% year-on-year, and EBITDA of THB 29.7 billion, up 61%. Second-quarter EBITDA was particularly strong, with all four business segments delivering year-on-year improvement.

Multiple businesses make earnings

The earnings improvement was led by Combined PET, supported by favorable market conditions and the benefits of Indorama Ventures’ integrated global platform and local-for-local operating model.

Indovida continued its growth momentum, supported by its market-leading packaging position, customer intimacy and organic growth initiatives.

Indovinya delivered strong performance across both High Value Applications and Essentials, supported by commercial excellence initiatives.

Fibers improved sequentially in the second quarter supported by stable Hygiene demand and transformation efforts, despite continued weakness in Lifestyle and Mobility end markets.

2026 expectations

Looking ahead, Indorama Ventures expects some of the exceptionally strong second-quarter market tailwinds to normalize. The company’s priorities for the remainder of 2026 are to deliver sustainable earnings under normalized spreads, convert those earnings into free cash flow, reduce absolute net debt, and improve returns on capital.

“We remain confident in our 2026 expectations and 2028 ambitions. Our focus is to continue executing on what we can control, strengthen our balance sheet and improve returns, while retaining the flexibility to capture growth opportunities as markets evolve,” said Mr. Aloke Lohia, Group CEO of Indorama Ventures.