Methanex Swings to Q4 Loss on New Zealand Impairment but Delivers Strong 2025 Cash Flow
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Methanex ( (TSE:MX) ) just unveiled an update.
Methanex Corporation is a Vancouver-based chemicals producer and one of the world’s largest suppliers of methanol, selling into global markets for energy, petrochemicals and industrial applications. The company operates a portfolio of methanol production assets worldwide and has recently expanded this footprint through the acquisition of OCI Global’s methanol business, reinforcing its position in the global methanol supply chain.
In a March 5, 2026 disclosure of past results, Methanex reported a fourth-quarter 2025 net loss attributable to shareholders of $89 million, deepening from the prior quarter due largely to an $82 million non-cash impairment on its New Zealand operations. The quarter saw production rise to 2.36 million tonnes and adjusted EBITDA of $186 million as realized methanol prices eased, while for full-year 2025 the company delivered $80 million in net income, $808 million in adjusted EBITDA and $1.02 billion in operating cash flow, enabling $54 million in dividends, $200 million of term debt repayment and a year-end cash balance of $425 million that supports its ongoing deleveraging strategy.
The most recent analyst rating on (TSE:MX) stock is a Buy with a C$60.00 price target. To see the full list of analyst forecasts on Methanex stock, see the TSE:MX Stock Forecast page.
Spark’s Take on TSE:MX Stock
According to Spark, TipRanks’ AI Analyst, TSE:MX is a Neutral.
The score is driven mainly by mixed financial performance: solid margins/cash flow are offset by sharply negative revenue growth and high leverage. Earnings call commentary is supportive (integration progress, strong cash, improving Q4 outlook), while technicals show a strong uptrend but very overbought conditions. Valuation appears roughly fair with a modest dividend yield.
To see Spark’s full report on TSE:MX stock, click here.
More about Methanex
Methanex Corporation is a Vancouver-based chemicals producer and one of the world’s largest suppliers of methanol, selling into global markets for energy, petrochemicals and industrial applications. The company operates a portfolio of methanol production assets worldwide and has recently expanded this footprint through the acquisition of OCI Global’s methanol business, reinforcing its position in the global methanol supply chain.
Methanex’s strategy emphasizes safe, reliable and cost-efficient operations, with management highlighting a record two-year safety performance through the end of 2025. The firm also focuses on balance sheet deleveraging and disciplined capital allocation, returning cash to shareholders via dividends while using operating cash flows to reduce term debt and maintain liquidity.
In a March 5, 2026 filing, Methanex reported that for the fourth quarter of 2025 it posted a net loss attributable to shareholders of $89 million, versus a $7 million loss in the prior quarter, largely due to an $82 million non-cash impairment related to its New Zealand operations. Adjusted EBITDA came in at $186 million with an adjusted net loss of $11 million, as higher production of 2.36 million tonnes partly offset a decline in the average realized methanol price to $331 per tonne.
For full-year 2025, Methanex generated net income attributable to shareholders of $80 million, adjusted EBITDA of $808 million and operating cash flow of $1.02 billion, supported by increased production and higher Methanex-produced sales volumes. The company returned $54 million to investors through regular dividends, repaid $200 million of its Term Loan A to advance its deleveraging plan, and ended the year with $425 million in cash, underscoring solid liquidity despite softer methanol pricing and regional impairment charges.
Average Trading Volume: 211,791
Technical Sentiment Signal: Buy
Current Market Cap: C$5.41B
See more data about MX stock on TipRanks’ Stock Analysis page.
