Methanex Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Methanex Corp reported revenue of $3.6B (-3.5% year on year) and net income of $144.8M (-42.1% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2021 · FY |
|---|---|---|---|---|
| Revenue | $3.6B | $3.7B | $3.7B | $4.4B |
| Cost of sales and operating expenses (note 11) | ($2.7B) | ($3.0B) | ($3.1B) | ($3.3B) |
| Depreciation and amortization (note 11) | ($446.0M) | ($385.7M) | ($391.8M) | ($363.1M) |
| New Zealand gas sale net proceeds (note 25) | $39.1M | $103.0M | $0 | — |
| Egypt insurance recovery (note 26) | $0 | $59.1M | — | — |
| Asset impairment charge (note 5) | ($71.1M) | ($124.8M) | — | — |
| Operating income | $431.1M | $362.0M | $263.6M | $712.0M |
| Impact of profit (loss) of equity-accounted investees reported net of tax | ($33.9M) | $38.3M | $99.5M | $97.7M |
| Finance costs (note 12) | ($219.7M) | ($132.6M) | ($117.4M) | ($144.4M) |
| Finance income and other | $25.7M | $12.4M | $39.9M | $1.0M |
| Income before income taxes | $203.2M | $280.1M | $285.6M | $666.3M |
| Current | ($16.9M) | ($74.1M) | ($49.9M) | ($115.8M) |
| Deferred | ($41.5M) | $44.3M | $48.4M | $5.3M |
| Total income tax expense | ($58.4M) | ($29.8M) | ($1.5M) | ($110.4M) |
| Methanex Corporation shareholders | $79.9M | $164.0M | $174.1M | $482.4M |
| Non-controlling interests (note 24) | $64.9M | $86.3M | $110.0M | $73.6M |
| Net income | $144.8M | $250.2M | $284.1M | $555.9M |
| Basic net income per common share (note 13) (in usd per share) | $1.10 | $2.43 | $2.57 | $6.34 |
| Diluted net income per common share (note 13) (in usd per share) | $0.93 | $2.39 | $2.57 | $6.13 |
| Weighted average number of common shares outstanding (note 13) (in shares) | 72.5M | 67.4M | 67.8M | 76.0M |
| Diluted weighted average number of common shares outstanding (note 13) (in shares) | 72.6M | 67.6M | 67.8M | 76.2M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2021 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $425.3M | $891.9M | $458.0M | $932.1M |
| Trade and other receivables (note 3) | $463.0M | $473.3M | $533.6M | $551.4M |
| Inventories (note 4) | $494.7M | $453.5M | $426.8M | $459.6M |
| Prepaid expenses | $63.5M | $61.3M | $58.0M | $36.0M |
| Other assets (note 7) | $40.4M | $30.8M | $3.9M | $9.8M |
| Current assets | $1.5B | $1.9B | $1.5B | $2.0B |
| Property, plant and equipment (note 5) | $5.2B | $4.2B | $4.4B | $3.7B |
| Investment in associates (note 6) | $433.3M | $101.4M | $184.2M | $217.3M |
| Deferred income tax assets (note 16) | $15.3M | $204.1M | $152.3M | $98.2M |
| Other assets (note 7) | $149.1M | $183.3M | $198.0M | $99.2M |
| Non-current assets | $5.8B | $4.7B | $4.9B | $4.1B |
| Assets | $7.3B | $6.6B | $6.4B | $6.1B |
| Trade, other payables and accrued liabilities | $541.6M | $546.3M | $771.9M | $836.0M |
| Current maturities on long-term debt (note 8) | $41.4M | $13.7M | $314.7M | $11.8M |
| Current maturities on lease obligations (note 9) | $113.1M | $122.7M | $120.7M | $98.3M |
| Current maturities on other long-term liabilities (note 10) | $25.6M | $46.8M | $95.0M | $17.2M |
| Current liabilities | $721.7M | $729.6M | $1.3B | $963.2M |
| Long-term debt (note 8) | $2.7B | $2.4B | $1.8B | $2.1B |
| Lease obligations (note 9) | $642.1M | $695.5M | $751.4M | $618.8M |
| Other long-term liabilities (note 10) | $157.2M | $150.5M | $154.9M | $193.7M |
| Deferred income tax liabilities (note 16) | $323.4M | $239.1M | $217.8M | $212.7M |
| Non-current liabilities | $3.8B | $3.5B | $3.0B | $3.2B |
| Capital stock, 25,000,000 authorized preferred shares without nominal or par value, Unlimited authorization of common shares without nominal or par value, Issued and outstanding common shares at December 31, 2025 were 77,339,520 (2024 - 67,395,212) | 731.7M | 392.2M | 391.9M | 432.7M |
| Contributed surplus | $2.1M | $1.9M | $1.8M | $1.9M |
| Retained earnings | $1.7B | $1.6B | $1.5B | $1.3B |
| Accumulated other comprehensive income | $56.1M | $70.0M | $22.9M | ($2.7M) |
| Shareholders’ equity | $2.4B | $2.1B | $1.9B | $1.7B |
| Non-controlling interests | $283.5M | $287.7M | $242.1M | $271.2M |
| Total equity | $2.7B | $2.4B | $2.2B | $2.0B |
| Equity and liabilities | $7.3B | $6.6B | $6.4B | $6.1B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2021 · FY |
|---|---|---|---|---|
| Net income | $144.8M | $250.2M | $284.1M | $555.9M |
| Add (deduct) losses (earnings) of associates | $33.9M | ($38.3M) | ($99.5M) | ($97.7M) |
| Add dividends received from associates | $0 | $32.2M | $112.3M | $74.5M |
| Depreciation and amortization | $446.0M | $385.7M | $391.8M | $363.1M |
| Income tax expense | $58.4M | $29.8M | $1.5M | $110.4M |
| Share-based compensation expense (recovery) | ($4.4M) | $24.0M | $34.5M | ($1.2M) |
| Finance costs | $219.7M | $132.6M | $117.4M | $144.4M |
| Mark-to-market impact of Level 3 derivatives | $4.4M | ($2.7M) | — | — |
| Asset impairment charge | $71.1M | $124.8M | — | — |
| Other | ($11.6M) | ($6.3M) | ($24.7M) | ($3.9M) |
| Interest received | $21.4M | $15.1M | $21.6M | — |
| Income taxes paid | ($81.0M) | ($52.5M) | ($81.9M) | ($57.9M) |
| Other cash payments and receipts, including share-based compensation | ($34.1M) | ($33.8M) | ($37.9M) | ($10.5M) |
| Cash flows from operating activities before undernoted | $868.6M | $860.8M | $719.3M | $1.1B |
| Changes in non-cash working capital (note 17(a)) | $147.0M | ($123.7M) | ($59.1M) | ($83.1M) |
| Cash flows from/(used in) operating activities | $1.0B | $737.2M | $660.3M | $993.9M |
| Dividend payments to Methanex Corporation shareholders | ($53.6M) | ($49.9M) | ($49.4M) | ($24.6M) |
| Interest paid | ($197.6M) | ($168.8M) | ($168.6M) | ($164.6M) |
| Net proceeds on issue of long-term debt | $546.0M | $585.4M | — | $0 |
| Repayment of long-term debt and financing fees (note 8) | ($215.8M) | ($322.4M) | ($12.3M) | ($62.4M) |
| Repayment of lease obligations | ($133.4M) | ($141.2M) | ($118.2M) | ($101.1M) |
| Distributions to non-controlling interests | ($69.2M) | ($40.6M) | ($185.3M) | ($110.4M) |
| Changes in non-cash working capital related to financing activities (note 17(a)) | ($2.2M) | ($67.7M) | $68.8M | ($1.4M) |
| Cash flows used in financing activities | ($125.8M) | ($203.5M) | ($551.4M) | ($642.6M) |
| Property, plant and equipment | ($99.0M) | ($101.3M) | ($178.5M) | ($103.5M) |
| Geismar plant under construction | $0 | ($72.8M) | ($270.0M) | ($142.0M) |
| Proceeds from associates | $9.5M | — | — | — |
| Acquisition of OCI Methanol Business, net of cash acquired (note 27) | ($1.3B) | — | — | — |
| Changes in non-cash working capital related to investing activities (note 17(a)) | ($7.1M) | ($14.6M) | ($60.1M) | ($7.6M) |
| Cash flows from (used in) investing activities | ($1.4B) | ($99.7M) | ($508.6M) | ($253.0M) |
| Increase (decrease) in cash and cash equivalents | ($466.6M) | $433.9M | ($399.7M) | $98.2M |
| Cash and cash equivalents, beginning of year | $891.9M | $458.0M | $857.7M | $833.8M |
| Cash and cash equivalents, end of year | $425.3M | $891.9M | $458.0M | $932.1M |
Methanex Corp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.