Borouge PLC
UAE's Borouge to Earn $1.1 Billion in 2025... Strong Dividends Per Share
UAE-based Borouge announced its financial results for fiscal year 2025, reporting net profits of AED 4.04 billion ($1.1 billion), industry-leading adjusted EBITDA margins of 37%, and full-year net profit margins of 19%.
Net profit for the fourth quarter of 2025 rose 12% compared to the previous quarter, reaching AED 1.21 billion ($330 million), driven by record production volumes, sales, and operating rates during the quarter, which supported the strong performance of the industry-leading profit margins.
Borouge achieved an annual production of 5.1 million tons, exceeding its production capacity. The company also carried out its largest scheduled maintenance operation in its history during the second quarter. The company's continued strategic focus on innovative, high-value products, including infrastructure solutions, coupled with improved regional sales, contributed to strong price premiums.
Consolidating Leadership
Hazim Sultan Al Suwaidi, CEO of Borouge, said, "Borouge continues to consolidate its industry leadership as the world's most profitable polyolefin company. The company's performance reflects its high resilience, supported by record production and sales volumes during the last quarter."
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He added that the company achieved strong and sustainable price premiums in 2025, exceeding benchmark prices, despite current market volatility. He noted that the company is well-positioned to capitalize on new growth opportunities and create long-term added value for its shareholders, confirming the company's intention to distribute dividends of 16.2 fils per share for this year.
Borouge achieved outstanding operational performance during the last quarter, recording its highest quarterly production volume in its history, reaching 1.46 million tons, along with record operating rates.
Enhancing Production Capabilities
The company's production capacity was further enhanced thanks to the successful completion of planned periodic maintenance at the Borouge 3 plant during the second quarter. This maintenance, the most complex in the company's history, was completed ahead of schedule and within budget.
Increased production during this period contributed to a 21% rise in sales volume, reaching a record high of 1.64 million tons. This supported a 16% increase in revenue compared to the previous quarter, reaching AED 6.17 billion (USD 1.68 billion), and a 12% increase in net profit compared to the previous quarter.
The company continued to achieve strong premiums above benchmark prices, supported by its innovative and diversified product portfolio.
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Borouge maintained its strategic focus on high-value sectors, including infrastructure solutions, which accounted for 39% of total sales volume in the fourth quarter of 2025, a three percentage point increase compared to the previous quarter.
The company continued to target its sales towards markets with higher net returns, with the Asia Pacific region representing 59% of sales volume and the Middle East and Africa region 32%.
Strong Revenues
Borouge recorded revenues of AED 21.48 billion (US$5.85 billion) during the fiscal year 2025. While benchmark prices declined during the second half of the year, premiums remained strong for polyethylene and polypropylene, at approximately AED 823 (US$224) per ton and approximately AED 492 (US$134) per ton, respectively.
Annual sales volumes reached 5.4 million tons, the highest annual sales volume in the company’s history. The company’s adjusted EBITDA for fiscal year 2025 totaled AED 7.96 billion (US$2.17 billion), with a strong EBITDA margin of 37%, supported by the company’s diversified and innovative product portfolio and continued strong demand for high-value products.
Net profit reached AED 4.04 billion (USD 1.1 billion) annually, achieving strong profit margins of 19% in 2025, as the company continued to maintain its cost-effectiveness, underscoring its robust operational and production capabilities.
Borouge confirmed its intention to distribute dividends of 16.2 fils per share for the financial year 2025, with the second-half dividend to be distributed in April 2026, subject to shareholder approval. It is expected that Borouge International Group will maintain this level of distributions until at least 2030, subject to obtaining the necessary approvals.
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