The annual ordinary general assembly of Jam Petrochemical Company (ticker: Jam) was held on 12 July 2026 with maximum shareholder attendance at the Rayzan International Conference Center. At this assembly, the CEO and board members, while presenting the performance report for the 2025-2026 fiscal year, spoke about the registration of new production and sales records, development plans, the latest status of the legal case of Mehr Petrochemical, the effects of the 12-day war, and the most important programs for 2026.
Dr. Amir Akbari, CEO of Jam Petrochemical, announced that despite challenges such as the 12-day war, the truck drivers’ strike, water supply constraints, and operational shutdowns, the company succeeded in breaking its five-year production record. It managed to register production of about 2.7 million tons of product and achieve more than 106 percent of the production budget in the 2025-2026 fiscal year. He added that although the company’s nominal polyethylene capacity is 600,000 tons, production, through the implementation of optimization programs and catalyst replacement, reached the historic record of more than 747,000 tons—an amount more than 30 percent above nominal capacity.
The CEO of Jam Petrochemical said: In the 2025-2026 fiscal year, Jam Petrochemical posted a 46 percent increase in total sales revenue and more than 105 trillion tomans in operating income. Net profit also grew by 56 percent to 11.34 trillion tomans, a growth driven by cost reductions, feedstock mix optimization, increased production, and changes in export markets.
Akbari stated: The Company’s production cost reached about 85 trillion tomans, which was 42 percent higher than last year, and more than 72 percent of this figure was related to feedstock. Nevertheless, the ratio of cost of goods sold to operating income decreased from 83 percent to 80 percent.
The CEO of Jam Petrochemical, regarding the company’s exports, said: 78 percent of sales were made in the domestic market, and the share of exports was 22 percent in terms of volume and 28 percent in terms of value. At the same time, exports to Africa and neighboring countries increased by more than 200 percent, and markets such as Taiwan and Sudan have been added to the sales destinations.
Akbari went on to refer to the company’s most important development plans, which are:
1- Full commissioning of the Mehr Petrochemical project after legal issues are resolved.
2- Continuing implementation of the Kangan Polymer project with about 26.5 percent physical progress.
3- Full commissioning of the PadJam Polymer project for the 2nd quarter of 2027, which currently has 88 percent physical progress.
4- Implementing the PGH production project to increase the added value of products.
5- Developing specialized polyethylene grades.
6- Producing PET-grade catalyst.
7- Optimizing the feedstock mix and reducing raw material costs.
8- Constructing a centralized utility project to increase the company’s resilience.
The CEO of Jam Petrochemical said: The fiscal year of April 2025-April 2026 was a year of record-breaking, resilience against war, and continuation of production despite enemy attacks for Jam Petrochemical.
