Abu dhabi: Borouge Plc announced a significant 52 percent increase in net profit for Q3 2025, reaching $295 million. This growth was driven by record production, robust sales, and resilient margins, following the successful turnaround of the Borouge 3 plant in Q2.
According to Emirates News Agency, the company's adjusted EBITDA for Q3 rose to $565 million, representing a 39 percent margin, up from 34 percent in the previous quarter. This increase reflects strong sales volumes, leading operating costs, and robust quality pricing premia. Despite a decline in benchmark prices, Borouge achieved pricing above guidance with $233 per tonne for polyethylene and $142 per tonne for polypropylene in the first nine months of 2025.
For the same period, Borouge generated $4.17 billion in revenue, compared to $4.41 billion in 2024, due to lower average selling prices mitigated by increased production volumes. Adjusted EBITDA stood at $1.57 billion, while net profit reached $769 million, supported by disciplined cost control and higher operating efficiency.
Borouge's Chief Executive Officer, Hazeem Sultan Al Suwaidi, stated that the exceptional Q3 results reinforce Borouge's position as a leading polyolefins company, attributing over 50 percent net profit growth to a resilient business model, record production, and strong cost discipline. The company plans to increase its dividend to 16.2 fils per share for 2025.
The company is advancing its Borouge 4 expansion project, which is over 90 percent complete and expected to start operations by the end of 2025, adding 1.4 million tonnes of annual capacity. This expansion will enhance Borouge's earnings power and market reach and is expected to be transferred to Borouge Group International upon completion.
Borouge has also delivered $477 million in year-to-date value through its AI, Digitalisation and Technology programme and targets $575 million in value generation for 2025. The company is collaborating with Yokogawa and Honeywell to conduct a proof-of-concept for AI-powered autonomous control room operations, aiming to deliver the petrochemical industry's first AI-driven control room at its Ruwais facility in Abu Dhabi.