According to the Public Relations and International Affairs Department, the Annual General Meeting for fiscal year 2025 of Shazand Petrochemical Company was held on 17 July 2025 at the International Conference Hall of the Research Institute of Petroleum Industry, with the participation of 84.70% of the company’s shareholders.

Dr. Mousavian, Dr. Hajisalem, and Dr. Mirzaei-Tabar, representing the major shareholder, Dr. Badrlou, representative of the Securities and Exchange Organization, Dr. Tavakoli, the company's independent auditor and legal inspector, and Engineer Abbas Karimi, CEO and Board Member of Shazand Petrochemical Company, were introduced as members of the AGM's presiding board.

Mehdi Samati, Deputy CEO for Finance and Secretary of the Board of Directors, presented the Board of Directors’ report and reviewed the company’s major achievements during fiscal year 2025 in the areas of production and sales in domestic and international markets. The key achievements are as follows:

• A twelve-fold increase in net profit, reaching IRR 33,726,436 million.
• A thirty-three-fold increase in operating profit, reaching IRR 30,840,079 million.
• Achievement of a 7% net profit margin.
• Achievement of a 6.3% operating profit margin.
• Production of 1,625,595 tons of intermediate and final products despite two imposed wars, a 35-day production shutdown due to the major turnaround, and a six-month suspension of A80 gasoline exports to Afghanistan.
• A 22% increase in operating revenues, reaching IRR 488,729,519 million.

Other major achievements of Shazand Petrochemical during fiscal year 2025 include:

• Improving production efficiency and reducing feedstock losses through the implementation of a comprehensive turnaround across production units.
• Controlling production costs by diversifying feedstock sources, supplying part of the feedstock from domestic mini-refineries, and importing feedstock at prices lower than domestic naphtha.
• Continuing efforts to reform the feedstock pricing mechanism.
• Significant improvement in the company's operating cash flow, resulting in the settlement of bank loans, payment of outstanding shareholder dividends, and the settlement of outstanding payables to feedstock suppliers.
• Planning for the production of higher value-added products, including replacing Hydrocarbon A92 with Hydrocarbon A80 for export to Afghanistan.
• Launching and initiating five major projects within the complex:
  • Design, construction, and installation of the fifth reactor at the Ethoxylate Unit.
  • Design, construction, and installation of a new spherical storage tank at the Ethylene Oxide Unit.
  • Groundbreaking of the wastewater transfer project from Mohajeran City to Shazand Petrochemical Complex.
  • Inauguration of the hydrogen transfer pipeline from Imam Khomeini Refinery (Shazand) to Shazand Petrochemical Complex.
  • Groundbreaking of the Olefin Unit excess fuel gas recovery project aimed at increasing and maintaining the production chain while reducing energy consumption and improving energy efficiency.
• Implementing cost management policies, preventing unnecessary purchases, and selling surplus and non-productive assets.

Engineer Abbas Karimi, CEO and Board Member of Shazand Petrochemical Company, thanked the AGM's presiding board and the members of the Board of Directors and expressed his appreciation for the dedicated efforts of the company's employees.

He stated that despite the challenges arising from two imposed wars, the resulting mandatory shutdowns, and the extensive turnaround carried out across all production units, Shazand Petrochemical succeeded in achieving satisfactory profitability and revenue growth through the collective and tireless efforts of the company's managers, employees, and workforce.

Responding to shareholders' questions, Karimi referred to the company's efforts to revise the feedstock pricing mechanism and stated that more than 50 meetings and official correspondences had been conducted on this matter during the past year. He expressed hope that, with the support of the relevant authorities, the current pricing formula for feedstock supplied by the National Iranian Oil Refining and Distribution Company would be revised during the current year.

Regarding the production of the strategic product 2-Ethylhexanol, Karimi stated that Shazand Petrochemical is the only producer of this product in Iran. Whenever domestic demand exceeds the company's production capacity, permission is obtained to import the product. He added that through effective management and continuous operation of the production line, together with joint meetings with consumers, no imports of this product were made during the past year.

Explaining the supply of feedstock to the complex, Karimi stated that feedstock continues to be supplied through pipelines from Imam Khomeini Refinery (Shazand), Isfahan Refinery, and other domestic sources. However, considering that the current feedstock price is based on 95% of the FOB Persian Gulf price, imported feedstock is less expensive. Therefore, maintaining naphtha imports and diversifying feedstock supply sources remain on the company's agenda.

He also referred to the replacement of Hydrocarbon A80 with Hydrocarbon A92, stating that the company's research, technical, and production teams worked seriously to improve the quality of the export product by replacing A80 with A92. He added that the new product has been very well received in the Afghan market and, due to the higher quality of A92, its production volume is lower than that of A80.

According to the financial statements, earnings per share (EPS) for fiscal year 2025 amounted to IRR 1,991, of which IRR 1,100 per share was approved for distribution as cash dividends.

Shareholders also approved retaining the remaining profit to finance the company's development projects during fiscal year 2026.

It is worth noting that all agenda items of the Annual General Meeting of Shazand Petrochemical Company were approved by the shareholders.