Business Segments Indorama Ventures

Stocks

IVL

TH1027010004

Commodity Chemicals

End-of-day quote Thailand S.E. Other stock markets 2026-07-24			5-day change	1st Jan Change
24.80 ^THB	-2.75%		+1.22%	+54.04%

07-03	Krungsri Securities Upgrades Indorama Ventures to Buy from Neutral; Price Target is THB27	MT
06-01	Indorama Ventures Public Company Limited, Q1 2026 Earnings Call, May 15, 2026

Sales 2025 by Business Segment

Sales 2025 by Geography

Historical Breakdown of Revenue by Business Segments

: Breakdown by Business Segment

Breakdown by Business Segment (THB)

Fiscal Period: December	2021	2022	2023	2024	2025
Plastic and Synthetic Resins
Combined PET (Excl. Indovida)	-	-	-	-	276B
Total Assets	-	-	-	-	211B
CAPEX	-	-	-	-	-10.77B
EBITDA	-	-	-	-	17.26B
Combined PET	293B	405B	328B	362B	-
Total Assets	234B	242B	223B	261B	-
Interest Expense	-2.37B	-	-	-	-
Income Tax Expense	6.05B	-	-	-	-
CAPEX	-12.08B	-15.49B	-10.63B	-7.21B	-
EBT	30.09B	-	-	-	-
EBITDA	-	48.18B	19.24B	32.06B	-
D&A	8.65B	-	-	-	-
Operating Income	32.47B	-	-	-	-
Net Income	24.04B	-	-	-	-
Integrated PET	-	-	-	-	-
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
EBT	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Net Income	-	-	-	-	-
Packaging	-	-	-	-	-
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
EBT	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Net Income	-	-	-	-	-
PET	-	-	-	-	-
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
EBT	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Net Income	-	-	-	-	-
Textile Mill Products
Fibers	117B	131B	111B	113B	100B
Total Assets	99.57B	94.13B	93.34B	86.68B	88.37B
Interest Expense	-1.39B	-	-	-	-
Income Tax Expense	121M	-	-	-	-
CAPEX	-4.33B	-5.93B	-5.01B	-3.27B	-2.54B
EBT	2.04B	-	-	-	-
EBITDA	-	6.01B	3.71B	5.75B	4.69B
D&A	5.19B	-	-	-	-
Operating Income	3.43B	-	-	-	-
Net Income	1.92B	-	-	-	-
Industrial Organic Chemicals
Indovinya	80.44B	148B	124B	87.73B	80.15B
Total Assets	115B	156B	147B	72.89B	78.32B
Interest Expense	-879M	-	-	-	-
Income Tax Expense	369M	-	-	-	-
CAPEX	-6.68B	-50.66B	-7.5B	-10.57B	-4.48B
EBT	2.31B	-	-	-	-
EBITDA	-	23.34B	15.33B	12.2B	9.92B
D&A	7.76B	-	-	-	-
Operating Income	3.19B	-	-	-	-
Net Income	1.94B	-	-	-	-
Plastic Packaging
Indovida	-	-	-	-	14.45B
Total Assets	-	-	-	-	9.4B
CAPEX	-	-	-	-	-8.5B
EBITDA	-	-	-	-	2.87B
Eliminations	-22.91B	-27.59B	-	-	-
Total Assets	-7.19B	-7.88B	-	-	-
Interest Expense	2.43B	-	-	-	-
EBT	42.17M	-	-	-	-
EBITDA	-	4.02B	-	-	-
Operating Income	-2.39B	-	-	-	-
Net Income	42.17M	-	-	-	-
Unallocated	-	2.42M	-	-	-
Total Assets	101B	139B	127B	-	-
Interest Expense	-4.91B	-	-	-	-
Income Tax Expense	164M	-	-	-	-
CAPEX	-3.13B	-3.42B	-3.22B	-	-
EBT	475M	-	-	-	-
EBITDA	-	2.22B	725M	-	-
D&A	137M	-	-	-	-
Operating Income	5.38B	-	-	-	-
Net Income	311M	-	-	-	-
Eliminations and Unallocated	-	-	-	-	-
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
EBT	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Net Income	-	-	-	-	-
Unallocated and Elimination	-	-	-16.56B	-16.85B	-17.32B
Total Assets	-	-	-	121B	137B
CAPEX	-	-	-	-1.36B	-2.21B
EBITDA	-	-	-	-354M	-2.67B
Industrial Inorganic Chemicals
Specialty Chemicals	-	-	-	-	-
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
EBT	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Net Income	-	-	-	-	-
Feedstock	-	-	-	-	-
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
EBT	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Net Income	-	-	-	-	-

Geographical Revenue Distribution History

Geographical breakdown of sales (THB)

Fiscal Period: December	2021	2022	2023	2024	2025
Rest of the World	145B	160B	309B	306B	240B
Total Assets	113B	119B	113B	102B	108B
CAPEX	-1.93B	-7.38B	-3.74B	-2.13B	-9.3B
United States of America	-	-	163B	166B	145B
Brazil	-	-	48.12B	50.97B	46.02B
Thailand	18.15B	21.22B	21.4B	18.99B	16.05B
Total Assets	36.95B	38.68B	39.11B	54.84B	59.13B
CAPEX	-4.01B	-4.23B	-3.86B	-2.56B	-2.46B
Unallocated Revenue	-	-	5.09B	-	-
Americas	-	329B	-	-	-
Total Assets	-	304B	266B	229B	218B
CAPEX	-	-57.17B	-15.56B	-16.26B	-13.55B
North America	182B	-	-	-	-
Total Assets	255B	-	-	-	-
CAPEX	-16.66B	-	-	-	-
Europe	123B	146B	-	-	-
Total Assets	138B	162B	172B	155B	138B
CAPEX	-3.61B	-6.71B	-3.2B	-1.45B	-3.18B