Short answer
LyondellBasell (LYB) filed its fiscal 2025 10-K annual report with the SEC on Feb 20, 2026. It reported revenue of $30.2B (−25.2% year over year) and net income of −$738M.
- Top risk flagged: Regulatory risk from European oligomers divestiture, expected to close Q2 2026, may cause operational disruption and asset impairment charges
FY2025 key financial metrics · XBRL
- Revenue
- $30.2B
- −25.2% YoY
- Net income
- −$738M
- −154.0% YoY
- Operating margin
- -1.4%
- −5.9 pp YoY
- EPS (diluted)
- −$2.34
- −156.4% YoY
- ROE
- -7.3%
- −18.3 pp YoY
- Operating cash flow
- $2.3B
- −40.8% YoY
Source: XBRL data from the LyondellBasell (LYB) FY2025 10-K on SEC EDGAR. USD.
LyondellBasell FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Management Discussion & Analysis
- Revenue $30.15B in 2025, down 10% YoY (−$3.24B) due to lower prices (−8%) and volumes (−4%), offset by +2% FX impact
- Operating loss $(420)M in 2025 vs operating income $1.92B in 2024; EBITDA $1.13B vs $3.46B, driven by impairments and margin compression
- Best segment: O&P-EAI EBITDA improved to $(457)M from $(991)M (+54%), aided by lower impairments; worst: APS EBITDA $(651)M vs $54M in 2024 due to $782M impairments
- Operating cash flow $2.3B in 2025, capex $1.9B; returned $2.0B to shareholders via $1.76B dividends and $201M share repurchases
- Management guidance highlights continued headwinds in petrochemicals from trade disruptions, market oversupply; expects deal closure in Q2 2026 with $700–900M loss on sale of European assets
Risk Factors
- Regulatory risk from European oligomers divestiture, expected to close Q2 2026, may cause operational disruption and asset impairment charges
- Geopolitical exposure in Middle East and South America risks raw material supply disruptions due to political instability and civil unrest
- Single or limited supplier dependence for raw materials/utilities in U.S. Gulf Coast heightens vulnerability to operational interruptions and increased costs
- Competitive threat from producers in natural gas cost-advantaged regions (Middle East, North America) pressuring exports and margins in Europe
- Financial risk from reliance on $3.75B revolving credit facility with no borrowings outstanding, potential liquidity stress if credit markets tighten
Generated from the filing text; verify against the original. How to read a 10-K
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