4Q24 net loss is estimated at B12bn, improving from B19bn in 3Q24. Net extraordinary loss is expected to decrease significantly, especially from Vencorex and PTT Asahi. However, 4Q24 normalized loss is estimated at B7.2bn, increasing from B19bn in 3Q24. Profit from all core businesses are projected to decline, especially olefins and polymer. 1Q25 net earnings are expected to rebound as extraordinary expenses should not be as massive as 4Q24, while normal loss is still expected.