(17) Business segment report
The PCC Group currently operates with approximately 3,100 employees at 41 locations in 18 countries. The investment portfolio is divided into seven segments. The six segments Polyols & Derivatives, Surfactants & Derivatives, Chlorine & Derivatives, Silicon & Derivatives, Trading & Services and Logistics are allocated full operational responsibility. Assigned to these six segments are a total of 17 business units that are managed by our international companies and entities. The seventh segment, Holding & Projects, includes not only the holding company PCC SE but also other companies and entities that are still in the project development stage. These include PCG PCC Oxyalkylates Sdn. Bhd. and PCC GulfChem Corporation.
The pooling of the businesses into the six operating segments strengthens synergy effects and sharpens the profile of the individual units and entities, very much in keeping with the PCC Group’s strategy of active investment portfolio management and ongoing optimization. The management of assets and investments, and the examination of further acquisitions with the aim of achieving competency-related diversification into new market segments are at the heart of Group policy. In the long term, this is intended to secure sustainable growth and continuously increase the enterprise value of PCC.
The pooling of the businesses into the six operating segments strengthens synergy effects and sharpens the profile of the individual units and entities, very much in keeping with the PCC Group’s strategy of active investment portfolio management and ongoing optimization. The management of assets and investments, and the examination of further acquisitions with the aim of achieving competency-related diversification into new market segments are at the heart of Group policy. In the long term, this is intended to secure sustainable growth and continuously increase the enterprise value of PCC.
The Polyols & Derivatives segment comprises the Polyols, Polyurethane Systems and Alkylphenols business units. Polyols are the basic ingredients of polyurethane (PU) foams. They have a wide range of applications in a variety of sectors, from the PCC foam technology iPoltec® for high-comfort mattresses to PU foam systems for the effective and climate-friendly thermal insulation of buildings.
The Surfactants & Derivatives segment comprises the business units Anionic Surfactants, Non-ionic Surfactants, Amphoteric Surfactants (Betaines) and Household and Industrial Cleaners, Detergents and Personal Care Products. Because of their multiple effects in foaming, wetting, emulsifying and cleaning, surfactants are essential ingredients in many products. In toothpastes they generate the cleaning effect and foaming action, while in dishwashing products they ensure that dirt and grease are effectively dislodged from hard surfaces.
The Chlorine & Derivatives segment comprises the business units Chlorine, Chlorine Downstream Products, MCAA, and Phosphorus & Naphthalene Derivatives. Chlorine is not only one of the most widely used basic substances in the chemical industry, it is also an indispensable part of many people’s everyday lives: In a swimming pool, for example, it acts as a disinfectant to protect against pathogens. Produced by the environmentally compatible membrane process, chlorine and downstream chlorine products manufactured by the PCC Group are also used in water treatment and in the petrochemical industry.
The Silicon & Derivatives segment is divided into the business units Quartzite and Silicon Metal. Silicon metal is used, among other things, in the aluminum industry as an alloying element for automotive production purposes and in the chemical industry, e.g. for the production of silicones, silanes, and polysilicon, the basic material employed in the manufacture of the wafers used in solar photovoltaic panels. An appreciable long-term increase in demand is predicted for metallurgical-grade silicon due to the advent of new applications related to climate protection, such as the latest battery technology. The PCC Group uses electricity from 100 % renewable sources for silicon metal production. However, the plant has been provisionally shut down since July 2025. Quartzite is extracted by PCC SE in the Group’s own quartzite quarry in Zagórze, Poland.
The Trading & Services segment comprises the two business units Commodity Trading and Services. Its petrochemical and carbon commodities trading portfolio includes chemical raw materials, in particular coke oven by-products such as crude tar and crude benzene. The portfolio of the Services unit encompasses IT Services and the Conventional Energies division. The PCC Group’s combined heat and power plant at the Brzeg Dolny chemicals site supplies the production facilities there with electricity and process steam, while also providing large parts of the town with district heating energy.
The Logistics segment comprises the Intermodal Transport and Road Haulage business units. The PCC Group is one of the leading providers of container transport services in Poland. Its logistics network extends from Eastern Europe to the Benelux countries and, via the New Silk Road, to China and other Asian hubs. The PCC Group has five wholly-owned container terminals and rail licenses in Poland and Germany. The PCC tanker fleet specializes in the Europe-wide road haulage of liquid chemicals.
The Holding & Projects segment is divided into the two business units, Portfolio Management and Project Development. Entities that are in the planning and construction phase, in particular chemical production facilities, are allocated to this segment. Such investment projects are not assigned to the respective operating segment until after the start of production. This relieves the prospective segment of the burden of project management while also making effective use of the project experience of the Group’s corporate management. The Holding & Projects segment is also responsible for management of our environmentally friendly small hydropower plants in the Renewable Energies division.
The valuation principles for segment reporting are based on the valuation principles used in the consolidated financial statements. Intra-group / intercompany transactions are consistently treated as if they were conducted between third parties. In accordance with IFRS 8, operating segments are defined on the basis of internal reporting on the Group’s business areas whose operating results are regularly reviewed by the chief operating decision-maker for the purposes of allocating resources to the segments and in order to assess their performance. Information reported to the main decision-makers for these purposes relates to the types of products manufactured and/or services provided.
The Surfactants & Derivatives segment comprises the business units Anionic Surfactants, Non-ionic Surfactants, Amphoteric Surfactants (Betaines) and Household and Industrial Cleaners, Detergents and Personal Care Products. Because of their multiple effects in foaming, wetting, emulsifying and cleaning, surfactants are essential ingredients in many products. In toothpastes they generate the cleaning effect and foaming action, while in dishwashing products they ensure that dirt and grease are effectively dislodged from hard surfaces.
The Chlorine & Derivatives segment comprises the business units Chlorine, Chlorine Downstream Products, MCAA, and Phosphorus & Naphthalene Derivatives. Chlorine is not only one of the most widely used basic substances in the chemical industry, it is also an indispensable part of many people’s everyday lives: In a swimming pool, for example, it acts as a disinfectant to protect against pathogens. Produced by the environmentally compatible membrane process, chlorine and downstream chlorine products manufactured by the PCC Group are also used in water treatment and in the petrochemical industry.
The Silicon & Derivatives segment is divided into the business units Quartzite and Silicon Metal. Silicon metal is used, among other things, in the aluminum industry as an alloying element for automotive production purposes and in the chemical industry, e.g. for the production of silicones, silanes, and polysilicon, the basic material employed in the manufacture of the wafers used in solar photovoltaic panels. An appreciable long-term increase in demand is predicted for metallurgical-grade silicon due to the advent of new applications related to climate protection, such as the latest battery technology. The PCC Group uses electricity from 100 % renewable sources for silicon metal production. However, the plant has been provisionally shut down since July 2025. Quartzite is extracted by PCC SE in the Group’s own quartzite quarry in Zagórze, Poland.
The Trading & Services segment comprises the two business units Commodity Trading and Services. Its petrochemical and carbon commodities trading portfolio includes chemical raw materials, in particular coke oven by-products such as crude tar and crude benzene. The portfolio of the Services unit encompasses IT Services and the Conventional Energies division. The PCC Group’s combined heat and power plant at the Brzeg Dolny chemicals site supplies the production facilities there with electricity and process steam, while also providing large parts of the town with district heating energy.
The Logistics segment comprises the Intermodal Transport and Road Haulage business units. The PCC Group is one of the leading providers of container transport services in Poland. Its logistics network extends from Eastern Europe to the Benelux countries and, via the New Silk Road, to China and other Asian hubs. The PCC Group has five wholly-owned container terminals and rail licenses in Poland and Germany. The PCC tanker fleet specializes in the Europe-wide road haulage of liquid chemicals.
The Holding & Projects segment is divided into the two business units, Portfolio Management and Project Development. Entities that are in the planning and construction phase, in particular chemical production facilities, are allocated to this segment. Such investment projects are not assigned to the respective operating segment until after the start of production. This relieves the prospective segment of the burden of project management while also making effective use of the project experience of the Group’s corporate management. The Holding & Projects segment is also responsible for management of our environmentally friendly small hydropower plants in the Renewable Energies division.
The valuation principles for segment reporting are based on the valuation principles used in the consolidated financial statements. Intra-group / intercompany transactions are consistently treated as if they were conducted between third parties. In accordance with IFRS 8, operating segments are defined on the basis of internal reporting on the Group’s business areas whose operating results are regularly reviewed by the chief operating decision-maker for the purposes of allocating resources to the segments and in order to assess their performance. Information reported to the main decision-makers for these purposes relates to the types of products manufactured and/or services provided.
Group revenue amounted to € 923.6 million in fiscal 2025, representing a decrease of € 36.4 million, or 3.8 %, compared to the previous year’s consolidated figure of € 960.0 million. With sales of € 256.1 million, the Surfactants & Derivatives segment was the main revenue driver. Compared to the previous year’s sales of € 223.7 million, this represents an increase of € 32.4 million, or 14.5 %. Its share of consolidated revenue rose to 27.7 % (previous year: 23.3 %). The Chlorine & Derivatives segment generated revenue of € 191.8 million, which was € 17.9 million, or 8.5 %, below the prior-year figure of € 209.7 million. Its share of the PCC Group’s total sales decreased by one percentage point to 20.8 % (previous year: 21.8 %). Revenue generated by the Polyols & Derivatives segment amounted to € 174.6 million, which was € 6.2 million or 3.4 % below the prior-year figure of € 180.8 million. Its share of Group revenue increased slightly to 18.9 % (previous year: 18.8 %). Revenue generated by the Silicon & Derivatives segment was € 40.2 million, a decrease of € 44.8 million or 52.7 % compared to the previous year (2024: € 85.0 million). Its share of Group revenue was 4.4 % (previous year: 8.9 %). In the Trading & Services segment, revenue decreased by € 3.7 million, or 3.6 %, to € 100.0 million (previous year: € 103.8 million). The share of consolidated sales remained unchanged from the previous year at 10.8 %. The Logistics segment recorded a year-over-year increase in revenue of € 3.1 million, or 2.0 %, to € 157.7 million in fiscal 2025 (previous year: € 154.6 million). Its share of consolidated revenue was 17.1 % (previous year: 16.1 %).
download excelSales by segment
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Property, plant and equipment by segment
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Capital expenditures by segment
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(18) Regional report
Previous year’s figures by segment for interest and similar income, and interest and similar expenses, are not available.
As part of regular internal and external reporting, the PCC Group’s business is divided geographically into seven regions (Germany, Poland, Other EU Member States, Other Europe, USA, Asia, and Other Regions). In the 2025 reporting year, the Group generated 15.0 % of its revenue with customers in Germany (previous year: 17.5 %), while 42.8 % came from customers in Poland (previous year: 39.4 %). The PCC Group generated a total of 86.2 % of its revenue from customers in European Union member states (previous year: 87.1 %), primarily Poland and Germany.
In 2025, Poland accounted for 83.0 % (previous year: 79.7 %) of the Group’s revenue from third parties, calculated based on company location (registered office), with the total at € 766.8 million (previous year: € 765.1 million). Based on the customer location, the region accounted for € 395.3 million (previous year: € 378.3 million) or 42.8 % (previous year: 39.4 %). In Germany, revenue based on the customer location decreased from € 168.4 million in the prior year to € 138.4 million in the reporting year. Based on the company’s registered office, revenue decreased from € 66.6 million in the prior year to € 53.6 million in the reporting year.
In 2025, Poland accounted for 83.0 % (previous year: 79.7 %) of the Group’s revenue from third parties, calculated based on company location (registered office), with the total at € 766.8 million (previous year: € 765.1 million). Based on the customer location, the region accounted for € 395.3 million (previous year: € 378.3 million) or 42.8 % (previous year: 39.4 %). In Germany, revenue based on the customer location decreased from € 168.4 million in the prior year to € 138.4 million in the reporting year. Based on the company’s registered office, revenue decreased from € 66.6 million in the prior year to € 53.6 million in the reporting year.
Sales by region
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Capital expenditures by region
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Capital expenditures increased compared to the previous year and totaled € 173.8 million, up from € 126.5 million last time. Of these expenditures, the largest portion in fiscal 2025, amounting to € 135.4 million (previous year: € 102.2 million), was attributable to the Poland region.
In addition to the completion of the two new electrolyzers for chlorine production, further investments were made in the oxyalkylate plant currently under construction at the Brzeg Dolny site. This was accompanied by infrastructure investments, such as in the local power grid. Additionally, investments were made in locomotives, rail tank cars, and railcars.
In addition to the completion of the two new electrolyzers for chlorine production, further investments were made in the oxyalkylate plant currently under construction at the Brzeg Dolny site. This was accompanied by infrastructure investments, such as in the local power grid. Additionally, investments were made in locomotives, rail tank cars, and railcars.
