2.82 billion dirhams net profits "Bruges" In 9 months

Abu Dhabi, October 29 / WAM / Borouge PLC announced a 52% increase in net profits for the third quarter of 2025, compared to the previous quarter, to reach 1.08 billion dirhams ($295 million), exceeding market expectations, driven by a record rise in production, strong sales, and stable profit margins, following the success of the planned regular maintenance work at the “Borouge 3” factory during the second quarter.

Adjusted profits rose to 2.07 billion dirhams ($565 million) during the third quarter, before interest, taxes, depreciation and amortization, with strong profit margins of 39%, compared to 34% in the previous quarter.

These high margins reflect the strong sales volume and the lowest operational costs in the sector, in addition to the solid price premiums, and thanks to the quality of the products. Despite the decline in average selling prices compared to the previous quarter, Borouge achieved price premiums of 855 dirhams ($233) per ton for polyethylene, and 521 dirhams ($142) per ton for polypropylene, during the first nine months of 2025.

During the first nine months of 2025, Borouge achieved revenues amounting to 15.32 billion dirhams ($4.17 billion), compared to 16.18 billion dirhams ($4.41 billion) during the same period in 2024, as a result of a decrease in average selling prices, which was compensated by an increase in production volume.

Adjusted profits amounted to 5.77 billion dirhams ($1.57 billion), before deducting interest, taxes, depreciation and amortization, while net profits reached 2.82 billion dirhams ($769 million), supported by effective cost management and high operational efficiency.

Hazim Sultan Al Suwaidi, CEO of Borouge, said that the outstanding results during the third quarter strengthen Borouge’s position as the most profitable polyolefin company in the world, as it recorded a growth of more than 50% in net profits, despite market challenges, benefiting from strong operational performance and record production following the success of planned maintenance work in the second quarter, and the company’s high efficiency in managing costs.

He added that Borouge’s high rates of converting profits into cash flows strengthen its position among the highest companies in providing dividend returns on the Abu Dhabi Securities Market, and reaffirms its intention to increase Borouge’s dividends for the year 2025, to 16.2 fils per share.

Borouge continues its expansion projects, as the completion rate of the huge “Borouge 4” project has exceeded 90%, and it is expected that the first production unit will begin operating at the end of this year. When the project enters the full operation phase, it will add an annual production capacity of 1.4 million tons, which will contribute to enhancing Borouge’s ability to achieve sustainable profits and expand its presence in the markets.

This project will constitute a major asset within the “Buruj International Group”, to which ownership of the project is expected to be transferred at cost price upon completion.

Borouge has succeeded in achieving an added value of 1.75 billion dirhams ($477 million) from the beginning of the year to date, through its artificial intelligence, digital transformation and technology programme, and aims to reach 2.11 billion dirhams ($575 million) by the end of 2025.

Within the framework of this approach, Borouge is cooperating with Yokogawa and Honeywell to implement a pilot project to operate control rooms autonomously, supported by artificial intelligence, at its facility in Ruwais in Abu Dhabi, in preparation for the launch of the first artificial intelligence-powered control room in the petrochemical sector.

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