Revenue for the six-month period ending December 31, 2025, dropped to $327 million, a 35.8% decline from the previous year’s $509.6 million. The company attributed the downturn primarily to its basic chemicals segment, where sales plummeted 64.1% amid high crude oil prices and reduced market demand for aromatic raw materials. Profitability was further hindered by the absence of a one-time $2.9 million government grant that bolstered the prior year's figures.
Texxon Holding Swings to Loss as Chemical Market Headwinds Persist
Shanghai-based supply chain provider Texxon Holding Limited reported a net loss of $1 million for the first half of fiscal year 2026, marking a sharp reversal from the $2.3 million profit recorded in the same period last year as volatile raw material costs and cooling demand pressured the chemical sector.
Despite the broader decline, the company’s plastic particles division saw revenue climb 40.1% to $193.4 million. CEO Hui Xu credited this growth to an aggressive expansion of sales teams across China and a broader customer base. Operating expenses were also reined in, falling 41.4% to $2 million. Looking ahead, Texxon is pinning its recovery on the newly operational Henan Polystyrene Factory, which began production in June 2026 to stabilize its position within the plastics value chain.
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