In the first half of 2025, Borouge reported a net profit of AED 1.74 billion, down 18% from AED 2.13 billion in the same period last year.
Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) reached AED 3.69 billion, compared to AED 4.33 billion during the previous year’s first half. This performance was supported by strong profit margins, driven by elevated price premiums, effective cost management, and inventory sales.
Revenue for the first half of this year was AED 10 billion, in comparison to AED 10.3 billion in the same period last year. Hazeem Sultan Al Suwaidi, CEO of Borouge, stated: “Borouge’s outstanding results are backed by robust cash flows, disciplined strategy execution, and consistent price premiums.”
Among the significant achievements was the successful completion of scheduled maintenance at the Borouge 3 facility, marking the largest turnaround in company history. Reaffirming our commitment to shareholder value, we are set to increase dividends to 16.2 fils per share for 2025. Proposed dividends for the first half of 2025 are set at 8.1 fils per share, slated for distribution in September.
This increase is expected to be the minimum target for distributions until at least 2030 under the proposed Borouge International Group.