PETALING JAYA: Lotte Chemical Titan Holding Bhd remained in the red in the second quarter ended June 30, 2026, reporting a net loss of RM174.19mil compared with a net loss of RM173.09mil a year earlier.

In a filing to Bursa Malaysia, the olefin producer said the loss was due to inventory write-downs to net realisable value and the Iran war that weighed on demand.

Expenses from the Lotte Chemical Indonesia New Ethylene (LINE) project also impacted earnings.

This was partially offset by better product margins – supported by higher prices from Lotte Chemical USA Corp.

Revenue was higher at RM3.1bil compared with RM1.4bil a year earlier, on the back of contribution from the LINE project, which commenced commercial operations in October 2025 as well as the higher average selling price for the quarter.

Moving forward, Lotte Chemical said it will remain committed to its core markets including Malaysia, Indonesia and the South-East Asia region.

They will also focus on maintaining business continuity and positioning themselves for recovery when market conditions improve.

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