Borouge PLC has announced its financial results for the fiscal year 2025, reporting a net profit of AED 4.04 billion ($1.1 billion), along with leading adjusted profit margins in the industry at 37% before interest, taxes, depreciation, and amortization, as well as a net profit margin of 19% for the year.
The net profit for the fourth quarter of 2025 rose by 12% compared to the previous quarter, reaching AED 1.21 billion ($330 million), driven by record production and sales volumes along with operational efficiencies during the quarter, which bolstered the company’s strong profit margins.
Borouge achieved an annual production of 5.1 million tons, exceeding its production capacity, and completed the largest maintenance operation in its history during the second quarter of the year. The company’s ongoing strategic focus on high-value innovative products, particularly in infrastructure solutions, along with improved regional sales, contributed to strong premium pricing.
Hazeem Sultan Al Suwaidi, CEO of Borouge, stated that the company continues to establish its leadership in the sector as the most profitable polyolefin producer globally. He highlighted that Borouge’s performance reflects its resilience, with record production and sales volumes in the last quarter.
He further noted that in 2025, the company achieved strong and sustainable price premiums that surpassed benchmark prices, despite current market fluctuations, indicating Borouge is well-positioned to capitalize on new growth opportunities and create long-term value for its shareholders. He confirmed the company’s intention to distribute dividends of 16.2 fils per share for this fiscal year.
Revenue
Borouge recorded revenues of AED 21.48 billion ($5.85 billion) for the fiscal year 2025. Although benchmark prices decreased during the second half of the year, the price premiums for polyethylene and polypropylene remained strong, at approximately AED 823 ($224) per ton and AED 492 ($134) per ton, respectively.
Annual sales volumes reached 5.4 million tons, marking the highest annual sales figures in the company’s history. The total adjusted earnings before interest, tax, depreciation, and amortization for the fiscal year 2025 amounted to AED 7.96 billion ($2.17 billion), with a robust margin of 37%, supported by the company’s diverse and innovative product portfolio, along with continuous demand for high-value products. The annual net profit rose to AED 4.04 billion ($1.1 billion), achieving strong profit margins of 19% in 2025 while the company maintained cost control, underlining its operational and production capabilities. Borouge reaffirmed its commitment to distribute dividends of 16.2 fils per share for the fiscal year 2025, with the second-half dividends to be distributed in April 2026, subject to shareholder approval, and expects to maintain this distribution level until at least 2030, depending on receiving necessary approvals.
The company demonstrated outstanding operational performance in the last quarter, achieving the highest quarterly production volume in its history at 1.46 million tons, alongside record operational efficiency rates. Furthermore, the company’s production capacity was enhanced, benefiting from the successful completion of the planned maintenance work at the Borouge 3 facility during the second quarter, which was the most complex in its history, completed ahead of schedule and within budget.
The increase in production during this period contributed to a 21% rise in sales volume, achieving a record of 1.64 million tons, which supported a 16% revenue growth compared to the previous quarter, reaching AED 6.17 billion ($1.68 billion), while net profits increased by 12% sequentially.
Infrastructure
The company continued to achieve strong price premiums exceeding benchmark prices, supported by its innovative and diverse product offerings. Borouge has maintained its strategic focus on high-value sectors, such as infrastructure solutions, which accounted for 39% of total sales volume in the last quarter of 2025, an increase of three percentage points compared to the previous quarter.
Borouge has also directed its sales towards markets with higher net returns, with the Asia-Pacific region representing 59% of sales volume, while the Middle East and Africa accounted for 32%.