Borouge Posts USD 1.1 Billion Net Profit In FY2025 Driven By High-Value Polyolefins

Borouge Plc reports strong financial results for FY2025, posting net profit of $1.1 billion on revenue of $5.85 billion. The company records an adjusted EBITDA of $2.17 billion, giving a 37 percent margin, and a 19 percent net profit margin. Management confirms plans to pay a 16.2 fils per share dividend for the year, subject to shareholder approvals.

Fourth-quarter performance underpins these full-year results. Q4 2025 net profit reaches $330 million, up 12 percent quarter on quarter, helped by record production and sales volumes. Revenue for the quarter rises 16 percent QoQ to $1.68 billion, while sales volumes grow 21 percent to 1.64 million tonnes. These trends support the company’s high margin profile relative to industry benchmarks.

Operational indicators appear especially strong in the final quarter. Borouge achieves its highest-ever quarterly production volume of 1.46 million tonnes in Q4 2025. Utilisation rates also reach record levels across facilities. Increased output allows the company to serve higher demand in priority market segments, which supports revenue growth and contributes to the 12 percent QoQ rise in net profit.

Production capacity improves after major maintenance activity earlier in the year. The Borouge 3 plant turnaround in Q2 2025 is described as the most complex in the company’s history. The work finishes ahead of schedule and within budget. With the plant back online, Borouge delivers full-year production of 5.1 million tonnes, above nameplate capacity, providing a base for higher sales.

The product mix plays a key role in profitability. Borouge keeps a strategic focus on high-value applications, including infrastructure solutions. These infrastructure-related products account for 39 percent of total sales volumes in Q4 2025, three percentage points higher than the previous quarter. The company notes that this focus supports both volumes and premia, even as reference prices decline during the second half.

Strong price premia are maintained across core polymers despite weaker benchmarks. For FY2025, Borouge secures average premia of $224 per tonne for Polyethylene and $134 per tonne for Polypropylene. The company states that these levels hold up even as overall benchmark prices move lower later in the year. Full-year sales volumes reach 5.4 million tonnes, the highest annual level in Borouge’s history.

Borouge financial results FY2025 supported by regional sales optimisation

Geographic allocation of volumes also supports earnings. Borouge channels products into destinations offering the most attractive netbacks. Asia Pacific represents 59 percent of sales volumes in Q4 2025, signalling strong exposure to that region’s demand. The Middle East and Africa together account for 32 percent of volumes, reflecting the company’s established presence in regional markets close to production.

Management highlights the role of differentiated products and customer demand. Adjusted EBITDA for FY2025 stands at $2.17 billion, backed by the portfolio’s technical features and stable relationships in high-value segments. According to the company, these factors help maintain a resilient 37 percent EBITDA margin. The business continues to describe itself as focused on infrastructure solutions and other higher-margin applications within the polyolefins sector.

Leadership comments emphasise resilience and profitability. "Borouge continues to lead the industry as the world’s most profitable polyolefins company, demonstrating our resilience, supported by record production and sales volumes over the quarter," said Hazeem Sultan Al Suwaidi, Chief Executive Officer of Borouge. "In 2025, we delivered strong and sustained pricing premia above industry benchmarks despite softer market conditions."

Dividend policy remains central to the company’s message. Borouge reiterates its intention to distribute 16.2 fils per share for FY2025, with the second-half payment planned for April 2026, subject to shareholder approval. The company also indicates that this dividend level is expected to be maintained by Borouge Group International, once launched, through at least 2030, provided relevant approvals are obtained.

Management states that Borouge is positioned to capture new opportunities and deliver further long-term shareholder value. The combination of record production, strong sales volumes, resilient pricing premia and a clear dividend plan presents a stable picture for investors. The FY2025 performance data underline the importance of high-value products, regional optimisation and disciplined operational execution within the company’s strategy.

With inputs from WAM