Abu dhabi: Borouge Plc announced exceptional financial results for FY2025, reporting a net profit of $1.1 billion, an industry-leading adjusted EBITDA margin of 37 percent, and a net profit margin of 19 percent for the full year.
According to Emirates News Agency, the company's Q4 2025 net profit increased by 12 percent quarter on quarter to $330 million. This growth was driven by record quarterly production, sales volumes, and utilisation rates, which supported Borouge's industry-leading margin performance. The company achieved full-year production of 5.1 million tonnes, exceeding nameplate capacity, and successfully executed the largest turnaround in its history during Q2. A strategic focus on high-value products, including infrastructure solutions, combined with regional sales optimisation, bolstered strong pricing premia.
Despite a decline in benchmark prices, Borouge demonstrated strong commercial resilience, achieving price premia of $224 per tonne for Polyethylene (PE) and $134 per tonne for Polypropylene (PP) in FY2025. Hazeem Sultan Al Suwaidi, Chief Executive Officer of Borouge, stated that the company remains a leader in the industry as the world's most profitable polyolefins company, demonstrating resilience supported by record production and sales volumes. He added that Borouge is well-positioned to capture new opportunities and create further long-term shareholder value, reaffirming its intention to pay a 16.2 fils per share dividend for the year.
In Q4, Borouge achieved its highest-ever quarterly production volume of 1.46 million tonnes and record utilisation rates. The company's production capabilities were strengthened by the successful completion of the Borouge 3 plant turnaround in Q2, which was the most complex in the company's history and completed ahead of schedule and on budget. This increased output enabled a 21 percent rise in sales volumes to a record 1.64 million tonnes, supporting a 16 percent QoQ increase in revenue to $1.68 billion and a 12 percent QoQ increase in net profit.
Borouge maintained its strategic focus on high-value segments, with infrastructure solutions accounting for 39 percent of total sales volumes in Q4 2025, an increase of 3 percentage points quarter on quarter. The company continued to channel sales into markets offering the most attractive netbacks, with Asia Pacific representing 59 percent of sales volumes and the Middle East and Africa accounting for 32 percent.
The company recorded $5.85 billion in revenue for FY2025. Despite lower benchmark prices in the second half, premia remained robust for PE and PP at $224/tonne and $134/tonne, respectively. Full-year sales volumes of 5.4 million tonnes represented the highest annual sales in Borouge's history. Adjusted EBITDA for FY2025 totalled $2.17 billion, with a strong 37 percent margin supported by Borouge's differentiated products and resilient customer demand in high-value segments.
Borouge reaffirmed its intention to deliver an increased 16.2 fils per share dividend for FY2025, with the second-half distribution expected in April 2026, subject to shareholder approval. The dividend is expected to be maintained by Borouge Group International when launched, through to at least 2030, subject to relevant approvals.
