Huntsman(US:HUN)2026-02-17 21:30Financial Performance - Fourth quarter 2025 revenues were $1,355 million, a decrease of 7% compared to $1,452 million in the same period of 2024[3]. - Net loss attributable to Huntsman in Q4 2025 was $96 million, an improvement from a net loss of $141 million in Q4 2024[4]. - Adjusted EBITDA for Q4 2025 was $35 million, down from $71 million in Q4 2024, reflecting a 50% decrease in the Polyurethanes segment[4][16]. - Free cash flow from continuing operations was $20 million in Q4 2025, significantly lower than $108 million in Q4 2024[4][9]. - The company generated approximately $300 million of cash flow from operations in 2025, with a full-year free cash flow conversion rate of 45%[5]. - Net loss for the three months ended December 31, 2025, was $82 million, an improvement from a net loss of $125 million in the same period of 2024[19]. - Net loss attributable to Huntsman Corporation for the three months ended December 31, 2025, was $96 million, compared to a net loss of $141 million in 2024[19]. - Adjusted EBITDA for the twelve months ended December 31, 2025, was $35 million, down from $71 million in 2024[19]. - Diluted loss per share for the three months ended December 31, 2025, was $(0.48), an improvement from $(0.73) in 2024[19]. - The company reported a net income of $305 million, which is a notable improvement from previous losses, suggesting a positive trend in financial performance[20]. Revenue Segments - Polyurethanes segment revenues decreased by 8% year-over-year, primarily due to lower average selling prices despite higher sales volumes[6][16]. - Performance Products segment revenues fell by 6% year-over-year, driven by lower average selling prices amid competitive pressures[7][16]. - Advanced Materials segment revenues decreased by 4% year-over-year, mainly due to lower sales volumes, partially offset by higher average selling prices[8][16]. - Huntsman Corporation reported revenues of approximately $6 billion from continuing operations for the year 2025[30]. Cash Flow and Debt - Net cash provided by operating activities from continuing operations was $298 million for the twelve months ended December 31, 2025, compared to $285 million in 2024, an increase of 4.56%[24]. - Free cash flow from continuing operations was $125 million for the twelve months ended December 31, 2025, up from $101 million in 2024, representing a growth of 23.76%[24]. - Total debt, excluding affiliates, increased to $2,011 million in 2025 from $1,835 million in 2024, a rise of 9.59%[22]. - Net debt, excluding affiliates, rose to $1,582 million in 2025 compared to $1,495 million in 2024, an increase of 5.81%[22]. - Cash at the end of the period was $429 million in 2025, up from $340 million in 2024, reflecting a growth of 26.18%[24]. Assets and Liabilities - Total assets decreased to $7,015 million in 2025 from $7,114 million in 2024, reflecting a decline of 1.39%[21]. - The company experienced a decrease in inventories from $917 million in 2024 to $818 million in 2025, a decline of 10.79%[21]. - Accounts payable decreased to $721 million in 2025 from $770 million in 2024, a reduction of 6.36%[21]. Strategic Outlook - The company is focusing on market expansion and new product development to drive future growth, although specific figures were not disclosed[20]. - The company is exploring strategic acquisitions to enhance its market position, although details on potential targets were not provided[20]. - The company anticipates continued investment in technology and innovation to support long-term growth strategies[20]. - Future guidance suggests a cautious outlook, with expectations of gradual recovery in market conditions[20]. - The company expects capital expenditures in 2026 to be similar to the $57 million spent in Q4 2025[10]. Operational Metrics - Interest expense from continuing operations remained stable at $19 million for both the three months ended December 31, 2025, and 2024[19]. - Depreciation and amortization from continuing operations for the three months ended December 31, 2025, was $73 million, slightly down from $75 million in 2024[19]. - Interest expenses from continuing operations were $57 million, consistent with the previous period, indicating stable financing costs[20]. - The adjusted income tax expense rate was 88%, compared to 55% in the prior period, reflecting a higher effective tax burden[20]. - The effective tax rate for the current period was 14%, down from 15.6% in the previous period, indicating a slight reduction in tax liabilities[20]. - Loss on dissolution of subsidiaries for the three months ended December 31, 2025, was $0, while it was $39 million in 2024[19]. - Business acquisition and integration expenses for the three months ended December 31, 2025, were $1 million, compared to $0 in 2024[19]. - Net income attributable to noncontrolling interests for the three months ended December 31, 2025, was $(14) million, compared to $(16) million in 2024[19]. Company Overview - Huntsman Corporation operates over 55 manufacturing, R&D, and operations facilities in approximately 25 countries, employing around 6,000 associates[30].