Methanex reported net income attributable to Methanex shareholders of $45 million for the fourth quarter of 2024, compared to net income of $31 million in the third quarter of 2024.

Adjusted EBITDA for the fourth quarter of 2024 was $224 million and Adjusted net income was $84 million. This compares with Adjusted EBITDA of $216 million and Adjusted net income of $82 million for the third quarter of 2024.

Our average realized price in the fourth quarter was $370 per tonne compared to $356 per tonne in the third quarter of 2024. The increase in our average realized price was driven by tightening market conditions from lower supply compared to the third quarter coupled with steady demand.

For the year ended December 31, 2024, Methanex reported net income attributable to Methanex shareholders of $164 million, Adjusted EBITDA of $764 million and an Adjusted net income of $252 million. This compares with a net income attributable to Methanex shareholders of $174 million, Adjusted EBITDA of $622 million and an Adjusted net income of $153 million for the year ended December 31, 2023.

Rich Sumner, President & CEO of Methanex, said, "2024 was a significant year for Methanex. Thanks to the dedication of our global team, we achieved the best safety performance in the company's history, successfully achieved commercial production at G3, and announced the acquisition of OCI Global's methanol business. Our top priorities for 2025 are operating our assets and supply chain safely, reliably, and efficiently, closing the OCI acquisition and integrating the business, and generating strong cash flows to continue to decrease leverage."