Borouge Q3 profit jumps 52% after record output

Borouge Plc has posted a strong third-quarter performance, reporting a 52 percent rise in net profit to $295 million, beating market expectations. The growth was supported by record production levels, higher sales volumes, and solid margins following the successful turnaround of its Borouge 3 plant earlier this year.

Adjusted EBITDA for the quarter reached $565 million, reflecting a 39 percent margin — one of the highest in the global polyolefins industry. This marks a significant improvement from the 34 percent margin recorded in the previous quarter, driven by efficient operations and resilient pricing.

Despite lower global benchmark prices, Borouge maintained strong pricing for its core products during the first nine months of 2025 — $233 per tonne for polyethylene (PE) and $142 per tonne for polypropylene (PP). These figures remained above company guidance, underscoring the strength of its product mix and consistent market demand.

For the first nine months of 2025, the company generated $4.17 billion in revenue, slightly down from $4.41 billion in the same period last year due to weaker average selling prices. However, this was largely offset by increased production and operational efficiency. Adjusted EBITDA stood at $1.57 billion, while net profit reached $769 million.

Borouge’s cost discipline and strong cash generation continue to support its dividend strategy, with the company reaffirming its plan to raise the dividend to 16.2 fils per share for 2025 — among the highest yields on the Abu Dhabi Securities Exchange.

Meanwhile, Borouge is pushing ahead with major growth projects. Its flagship Borouge 4 expansion is now more than 90 percent complete, with the first unit expected to come online by the end of the year. Once fully operational, the project will add 1.4 million tonnes of annual production capacity, further strengthening Borouge’s position in global markets.

The company is also advancing its digital transformation efforts, having delivered $477 million in value so far this year through its AI, Digitalisation and Technology programme. In collaboration with Yokogawa and Honeywell, Borouge is testing an AI-powered autonomous control room at its Ruwais complex — a first-of-its-kind initiative in the petrochemical industry.

With record output, efficient cost management, and continued expansion, Borouge’s latest results highlight its resilience and strong footing in a challenging global market.