SEDAR Interim Financial Statements

[
  {
    "companyName": "Methanex Corporation",
    "reportingPeriodEnd": "2025-09-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "asAt": ["2025-09-30", "2024-12-31"],
      "cashAndCashEquivalents": [413375, 891910],
      "tradeAndOtherReceivables": [441993, 473336],
      "inventories": [549566, 453463],
      "prepaidExpenses": [64514, 61290],
      "otherCurrentAssets": [38640, 30820],
      "totalCurrentAssets": [1508088, 1910819],
      "propertyPlantAndEquipment": [5348746, 4197509],
      "investmentInAssociates": [472884, 101438],
      "deferredIncomeTaxAssets": [23874, 204091],
      "otherNonCurrentAssets": [174140, 183269],
      "totalNonCurrentAssets": [6019644, 4686307],
      "totalAssets": [7527732, 6597126],
      "tradeOtherPayablesAndAccruedLiabilities": [540224, 546305],
      "currentMaturitiesOnLongTermDebt": [41178, 13727],
      "currentMaturitiesOnLeaseObligations": [117563, 122744],
      "currentMaturitiesOnOtherLongTermLiabilities": [23558, 46840],
      "totalCurrentLiabilities": [722523, 729616],
      "longTermDebt": [2788904, 2401208],
      "leaseObligations": [667127, 695461],
      "otherLongTermLiabilities": [150515, 150462],
      "deferredIncomeTaxLiabilities": [327677, 239113],
      "totalNonCurrentLiabilities": [3934223, 3486244],
      "totalLiabilities": [4656746, 4215860],
      "capitalStock": [731699, 392201],
      "contributedSurplus": [2082, 1950],
      "retainedEarnings": [1757402, 1629386],
      "accumulatedOtherComprehensiveIncome": [78973, 70022],
      "shareholdersEquity": [2570156, 2093559],
      "nonControllingInterests": [300830, 287707],
      "totalEquity": [2870986, 2381266],
      "cashPerShare": [5.3457, 13.2375],
      "workingCapitalPerShare": [10.1587, 17.5285]
    },
    "incomeStatement": {
      "periods": ["2025-09-30 (Three Months)", "2024-09-30 (Three Months)", "2025-09-30 (Nine Months)", "2024-09-30 (Nine Months)"],
      "revenue": [927435, 934801, 2620414, 2770869],
      "costOfSalesAndOperatingExpenses": [-748096, -794296, -1909611, -2275181],
      "depreciationAndAmortization": [-110871, -99275, -319206, -295136],
      "newZealandGasSaleNetProceeds": [11420, 71395, 39117, 71395],
      "egyptInsuranceRecovery": [0, 59065, 0, 59065],
      "assetImpairmentCharge": [0, -124788, 0, -124788],
      "operatingIncome": [79888, 46902, 430714, 206224],
      "earningsLossesOfAssociates": [-14281, 14122, -22176, 44062],
      "financeCosts": [-60879, -27824, -162792, -83184],
      "financeIncomeAndOtherExpenses": [3257, 42235, 15803, 48922],
      "incomeBeforeIncomeTaxes": [7985, 75435, 261549, 216024],
      "currentIncomeTaxExpense": [-15060, -28399, -9265, -51342],
      "deferredIncomeTaxExpense": [11266, 17868, -33269, 30258],
      "totalIncomeTaxExpense": [-3794, -10531, -42534, -21084],
      "netIncomeLoss": [4191, 64904, 219015, 194940],
      "netIncomeLossAttributableToMethanexCorporationShareholders": [-7072, 31074, 168633, 118912],
      "netIncomeLossAttributableToNonControllingInterests": [11263, 33830, 50382, 76028],
      "basicEarningsPerShare": [-0.09, 0.46, 2.38, 1.77],
      "dilutedEarningsPerShare": [-0.09, 0.35, 2.21, 1.62],
      "weightedAverageSharesOutstandingBasic": [77339520, 67387492, 70904968, 67387492],
      "weightedAverageSharesOutstandingDiluted": [77339520, 67505651, 70982111, 67561920]
    },
    "cashFlowStatement": {
      "periods": ["2025-09-30 (Three Months)", "2024-09-30 (Three Months)", "2025-09-30 (Nine Months)", "2024-09-30 (Nine Months)"],
      "netIncome": [4191, 64904, 219015, 194940],
      "addDeductLossesEarningsOfAssociates": [14281, -14122, 22176, -44062],
      "addDividendsReceivedFromAssociates": [0, 6310, 0, 32181],
      "depreciationAndAmortization": [110871, 99275, 319206, 295136],
      "incomeTaxExpense": [3794, 10531, 42534, 21084],
      "shareBasedCompensationExpenseRecovery": [16603, -13783, -7098, -2528],
      "financeCosts": [60879, 27824, 162792, 83184],
      "markToMarketImpactOfLevel3Derivatives": [3653, -32953, 3945, -33143],
      "assetImpairmentCharge": [0, 124788, 0, 124788],
      "other": [-9585, -2293, -3690, -9758],
      "interestReceived": [4037, 4432, 19769, 10603],
      "incomeTaxesPaid": [-5243, -4866, -60505, -35379],
      "otherCashPaymentsAndReceiptsIncludingShareBasedCompensation": [-100, -2695, -32584, -25006],
      "cashFlowsFromOperatingActivitiesBeforeUndernoted": [203381, 267352, 685560, 612040],
      "changesInNonCashWorkingCapital": [-19189, -57455, 90688, -155778],
      "cashFlowsFromOperatingActivities": [184192, 209897, 776248, 456262],
      "dividendPaymentsToMethanexCorporationShareholders": [-14308, -12468, -39244, -37401],
      "interestPaid": [-55210, -17863, -129406, -101406],
      "repaymentOfNetDrawOnTermLoanA": [-125000, 0, 420965, 0],
      "repaymentOfLongTermDebtAndFinancingFees": [-3478, -8202, -12225, -15966],
      "repaymentOfLeaseObligations": [-33219, -35714, -99347, -106416],
      "distributionsToNonControllingInterests": [-4253, -4252, -37259, -14199],
      "changesInNonCashWorkingCapitalRelatedToFinancingActivities": [-5485, -7391, -2380, -24520],
      "cashFlowsFromFinancingActivities": [-240953, -8590, 101104, -299908],
      "propertyPlantAndEquipment": [-6858, -29008, -84830, -64481],
      "geismarPlantUnderConstruction": [0, -17374, 0, -64965],
      "loanRepaymentFromAssociate": [0, 6648, 0, 36937],
      "acquisitionOfOciMethanolBusinessNetOfCashAcquired": [0, 0, -1263706, 0],
      "changesInNonCashWorkingCapitalRelatedToInvestingActivities": [-8382, 705, -7351, -10756],
      "cashFlowsFromInvestingActivities": [-15240, -39029, -1355887, -103265],
      "increaseDecreaseInCashAndCashEquivalents": [-72001, 84978, -478535, 53089],
      "cashAndCashEquivalentsBeginningOfPeriod": [485376, 426126, 891910, 458015],
      "cashAndCashEquivalentsEndOfPeriod": [413375, 511104, 413375, 511104]
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Investment in associates",
        "description": "Equity accounted investments in joint ventures and other entities",
        "ownershipPercentage": null,
        "value": 472884,
        "notes": "Includes investment in associates, see note 2 and 11."
      },
      {
        "type": "Marketable Securities",
        "description": "Natural gas forward contracts designated as cash flow hedges",
        "ownershipPercentage": null,
        "value": 95802,
        "notes": "Net fair value of natural gas forward contracts and Euro forward exchange contracts as at Sep 30, 2025."
      },
      {
        "type": "Joint Ventures",
        "description": "Atlas joint venture entity, Natgasoline joint venture entity, and other limited recourse subsidiaries",
        "ownershipPercentage": null,
        "value": null,
        "notes": "Mentioned in note 4 as excluded from certain debt covenants. Specific values not disclosed in provided text."
      },
      {
        "type": "Mineral/Resource Properties",
        "description": "Property, plant and equipment including production facilities and ocean going vessels",
        "ownershipPercentage": null,
        "value": 5348746,
        "notes": "Net book value of owned assets and right-of-use assets as at Sep 30, 2025."
      }
    ],
    "shareStructure": {
      "authorizedShares": null,
      "issuedShares": 77339520,
      "classesOfShares": ["Common shares"],
      "warrants": [],
      "options": [
        {
          "number": 354374,
          "exercisePrice": 42.63,
          "expiryDate": null
        },
        {
          "number": 1801358,
          "exercisePrice": 42.96,
          "expiryDate": null
        }
      ],
      "rightsConvertibleInstruments": "TSARs (Tandem Share Appreciation Rights) and SARs (Share Appreciation Rights) as detailed in note 6."
    },
    "managementCompensation": {
      "currency": "USD",
      "periods": {
        "2025-09-30 (Three Months)": {
          "shareBasedCompensationExpense": 16706,
          "totalCompensationExpense": 16706
        },
        "2024-09-30 (Three Months)": {
          "shareBasedCompensationRecovery": -13646,
          "totalCompensationRecovery": -13646
        },
        "2025-09-30 (Nine Months)": {
          "shareBasedCompensationRecovery": -11098,
          "totalCompensationRecovery": -11098
        },
        "2024-09-30 (Nine Months)": {
          "shareBasedCompensationExpense": -2644,
          "totalCompensationExpense": -2644
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": []
    },
    "subsequentEvents": []
  }
]