Borouge net profit 2025 – Borouge’s Exceptional 2025 Performance Delivers $1.1 Billion Net Profit, Record Sales Volumes and Industry-Leading Margins Despite Market Volatility 05-02-2026
Borouge net profit 2025
Borouge delivers outstanding FY2025 financial performance
Borouge has reported an exceptional financial performance for FY2025, delivering a net profit of $1.1 billion and confirming its position as one of the world’s most profitable polyolefins producers.
The results exceeded market expectations and were supported by record sales volumes, industry-leading margins, and disciplined cost control across operations. Borouge net profit 2025
For the full year, Borouge achieved an adjusted EBITDA of $2.17 billion, representing a robust margin of 37 percent. Net profit margin stood at a healthy 19 percent, underscoring the company’s operational resilience despite softer benchmark pricing in the second half of the year. Borouge net profit 2025
Total revenue reached $5.85 billion, reflecting sustained demand across core markets.
Record production and sales volumes drive profitability
A key driver behind Borouge’s strong 2025 performance was its record operational output.
Full-year production reached 5.1 million tonnes, exceeding nameplate capacity and demonstrating the strength of the company’s asset base. Annual sales volumes climbed to an all-time high of 5.4 million tonnes, marking the highest level in Borouge’s history.
The fourth quarter of 2025 was particularly strong. Borouge delivered its highest-ever quarterly production of 1.46 million tonnes, supported by record utilisation rates following the successful completion of the Borouge 3 plant turnaround earlier in the year. This operational momentum translated into a 21 percent quarter-on-quarter increase in sales volumes to 1.64 million tonnes.
As a result, Q4 revenue rose by 16 percent quarter on quarter to $1.68 billion, while net profit increased by 12 percent to $330 million. These results highlight Borouge’s ability to convert operational excellence directly into financial performance.
Differentiated products support pricing resilience
Despite a decline in global benchmark prices, Borouge maintained strong pricing premia throughout FY2025. The company achieved an average premium of $224 per tonne for polyethylene and $134 per tonne for polypropylene, reflecting the strength of its differentiated product portfolio. Borouge net profit 2025
High-value applications continued to play a central role in Borouge’s strategy. Infrastructure solutions accounted for 39 percent of total sales volumes in Q4, up three percentage points quarter on quarter. These products benefit from stable demand and superior margins, helping Borouge protect profitability in volatile market conditions. Borouge net profit 2025
Geographically, Borouge continued to optimise sales towards markets with the strongest netbacks. Asia Pacific represented 59 percent of total sales volumes, while the Middle East and Africa accounted for 32 percent, reinforcing the company’s exposure to faster-growing regions. Borouge net profit 2025
Strong dividend outlook and shareholder returns
Borouge reaffirmed its intention to pay an increased dividend of 16.2 fils per share for FY2025, subject to shareholder approval. The second-half dividend is expected to be distributed in April 2026. This continued commitment to shareholder returns reflects confidence in Borouge’s cash generation and long-term earnings visibility. Borouge net profit 2025
During the year, the company also continued its share buyback programme, repurchasing 212 million shares by the end of Q4. Borouge’s strong dividend profile has been recognised through its inclusion in the FTSE ADX Dividend Stars Index, highlighting its position as a leading income stock on the Abu Dhabi Securities Exchange.
Cost discipline, AI and digitalisation enhance value creation
Operational excellence at Borouge extends beyond production volumes. The company maintained strict cost control measures throughout 2025, building on the success of its earlier Value Enhancement Programme. These efforts contributed to resilient margins even in a challenging pricing environment.
Borouge generated $717 million in value during FY2025 through its AI, digitalisation and technology initiatives, significantly exceeding its original target. A notable milestone was the successful proof of concept with Honeywell, positioning Borouge to become the first petrochemical company to operate a fully AI-driven autonomous control room at its Ruwais site.
Innovation also played a key role. Borouge launched 10 new products in 2025, including advanced healthcare materials, wire and cable solutions, and circular polyolefin products under the Recleo portfolio. These innovations generated a record $94 million in value during the year. Borouge net profit 2025
Growth projects strengthen long-term earnings potential
Borouge continues to advance several major growth projects that will expand capacity and enhance earnings power. The Borouge 4 mega project is expected to add 1.4 million tonnes of annual capacity once fully operational, significantly increasing the company’s market reach. Borouge net profit 2025
Commissioning activities for XLPE 2, the first Borouge 4 facility, began at the end of 2025, with start-up planned for the first quarter of 2026. Additional Borouge 4 units are scheduled to come online through 2026.
Beyond Borouge 4, the company has completed FEED work for the expansion of its second ethane cracker and is progressing with EPC contracting. Pre-FEED activities are also underway for a potential third ethane cracker, supporting long-term growth ambitions. Borouge net profit 2025
Sustainability and circular solutions gain momentum
Borouge continues to strengthen its sustainability credentials. Sales of circular product solutions increased by 20 percent in 2025, reflecting growing customer demand for recycled and low-carbon materials. Since 2018, Borouge has achieved cumulative CO₂ emissions reductions of more than 500 kilotonnes per year. Borouge net profit 2025
The company has expanded its emissions reporting to include Scope 3 emissions, enabling a more comprehensive approach to carbon reduction across the value chain.
Borouge Group International on track for 2026
The formation of Borouge Group International remains on schedule for completion in the first quarter of 2026. The planned combination of Borouge, Borealis and the acquisition of NOVA Chemicals is expected to create a global polyolefins leader with significant scale and synergies.
Post-completion, annual EBITDA synergies in excess of $500 million are expected, with the majority realised within three years. This strategic move is set to further strengthen Borouge’s competitive position and long-term value creation.
Outlook: positioned for resilient growth
While near-term pricing conditions are expected to remain dynamic, Borouge’s focus on differentiated products, operational excellence and disciplined capital allocation positions it well for sustained growth. Strong demand in Asia Pacific and the Middle East, combined with new capacity coming online from 2026, is expected to support long-term earnings and attractive shareholder returns.
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