Revenue Drops 35.8% to $327M as Plastic Sales Grow 40.1%
NPT•Texxon Holding’s H1 FY2026 revenue fell 35.8% to $327.0 million as net loss reached $1.0 million, reversing a $2.3 million profit last year. Strong 40.1% plastic particles sales growth offset a 64.1% drop in basic chemicals, while the Henan Polystyrene Factory began production in early June.
1. H1 FY2026 Financial Results
Texxon reported $327.0 million in revenue for the six months ended December 31, 2025, a 35.8% decrease from $509.6 million a year earlier. Gross profit fell 68.8% to $1.2 million with a 0.4% margin, and net loss was $1.0 million versus last year’s $2.3 million net income, impacted by the nonrecurrence of a $2.9 million government grant.
2. Segment Performance
Sales of basic chemicals dropped 64.1% to $133.5 million due to softer demand and higher feedstock costs, while plastic particles revenue rose 40.1% to $193.4 million. The company credited expanded sales teams across multiple Chinese cities and diversified channels for capturing additional market share amid competitive pricing.
3. Henan Polystyrene Factory and Outlook
Production commenced in early June at the new Henan Polystyrene Factory, enhancing integration across the plastics value chain. Management plans to focus on customer network expansion, operational efficiency improvements and leveraging the new facility to support long-term growth.
