LyondellBasell (LYB) FY2025 10-K Annual Report
LyondellBasell (LYB) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 20, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
LyondellBasell FY2025 10-K Analysis
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
LyondellBasell FY2025 Key Financial MetricsXBRL
Revenue
$30.2B
▼ -25.2% YoY
Net Income
-$738M
▼ -154.0% YoY
Operating Margin
-1.4%
▼ -590bp YoY
Net Margin
-2.4%
▼ -584bp YoY
ROE
-7.3%
▼ -1829bp YoY
Total Assets
$34.0B
▼ -4.9% YoY
EPS (Diluted)
$-2.34
▼ -156.4% YoY
Operating Cash Flow
$2.3B
▼ -40.8% YoY
Source: XBRL data from LyondellBasell FY2025 10-K filing on SEC EDGAR. All figures in USD.
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