Chemical and infrastructure solutions innovator Orbia Advance Corporation reported resilient fourth-quarter and full-year 2025 results Thursday, navigating what it called “generally challenging” global market conditions with disciplined cost controls and strong cash generation.
The company posted reported EBITDA of $227 million in the fourth quarter and $1.02 billion for the full year. Adjusted EBITDA came in at $236 million for the quarter and $1.11 billion for the year. Operating cash flow reached $349 million in Q4 and $645 million for 2025, translating into EBITDA conversion rates of 154% and 63%, respectively.
The results underscore Orbia’s ability to defend profitability and boost liquidity despite weakness across construction, infrastructure and key geographic markets.
Fourth-quarter net revenues rose 5% year over year to $1.875 billion, fueled by gains in Connectivity Solutions, Fluor & Energy Materials, Building & Infrastructure and Precision Agriculture. Those gains were partially offset by softer performance in Polymer Solutions.
EBITDA increased 2% to $227 million, driven by strength in Fluor & Energy Materials, Building & Infrastructure and Connectivity Solutions, though Polymer Solutions weighed on results. Adjusted EBITDA declined 14% from a year earlier to $236 million.
Operating cash flow climbed $67 million to $349 million, supported by efficient working capital management and the absence of last year’s adverse currency impacts. Higher taxes and net interest payments partially offset the gains.
For the full year, net revenues edged up 2% to $7.62 billion, led by Fluor & Energy Materials, Connectivity Solutions and Precision Agriculture. Polymer Solutions and Building & Infrastructure declined.
Full-year EBITDA fell 7% to $1.02 billion, reflecting pressure in Polymer Solutions and Building & Infrastructure. Adjusted EBITDA also declined 7% to $1.11 billion.
Operating cash flow jumped $126 million to $645 million, aided by improved currency dynamics and lower cash impacts from accruals. Lower EBITDA, reduced working capital inflows, higher taxes and net interest payments partially offset the improvement
"Global market conditions across Orbia’s business groups were mixed, but remained generally challenging in 2025, particularly across construction and infrastructure related activities and regionally in much of Europe and Mexico. We did, however, see favorable trends emerge during the year in our Fluor & Energy Materials, Connectivity Solutions and Precision Agriculture businesses,” said Sameer Bharadwaj, CEO of Orbia.
Bharadwaj continued, "In this environment, we remain relentlessly focused on exercising strong financial discipline. We continue to strengthen our leading market positions and to drive results through strong commercial and operational execution, with a focus on both earnings and cash generation.
"Our cost optimization programs are on track and making important contributions, as is our initiative to generate cash from non-core asset sales. We continue to look for more opportunities to simplify our business, further strengthen our balance sheet and drive cash generation to support our long-term strategic objectives. As we begin 2026, we expect market dynamics to remain challenging in some businesses with continued improvements in others.”
