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Borouge (BOROUGE) investor relations material
Borouge Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary29 Oct, 2025
Executive summary
Achieved record Q3 2025 production of 1,390 kt, with EBITDA margin of 39% and net profit up 52% quarter-on-quarter to $295 million, driven by high utilization rates and successful B3 turnaround.
Maintained industry-leading profitability and reaffirmed full-year 2025 dividend guidance of 16.2 fils per share, with ongoing share buyback and plans to sustain this payout through at least 2030.
Strategic focus on high-value products and innovation, with 36% of Q3 sales from high-value segments and new launches in healthcare, advanced packaging, and infrastructure.
Principal activities include production and trading of polyolefins through subsidiaries in UAE, Singapore, and other countries.
Profit for the nine months ended 30 September 2025 was $768.8 million, down from $908.2 million year-over-year.
Financial highlights
Q3 2025 revenue reached $1.447 billion, up 11% sequentially but down 10% year-on-year; nine-month revenue was $4,172.1 million, down from $4,405.1 million year-over-year.
Adjusted EBITDA for Q3 was $565 million (up 28% QoQ, down 13% YoY), with a margin of 39%; nine-month EBITDA was $1.57 billion (38% margin).
Net profit for Q3 was $295 million (up 52% QoQ, down 10% YoY); nine-month net profit was $769 million.
Operating free cash flow increased 68% quarter-on-quarter to $525 million, with a 93% cash conversion ratio.
Cash and cash equivalents at period end were $197.2 million, down from $418.5 million at year-end 2024.
Outlook and guidance
Stable macroeconomic environment expected in core markets, with continued high utilization rates and record production volumes through year-end.
Benchmark pricing anticipated to remain soft in Q4, but quality-price premium guidance unchanged at $200/ton for PE and $140/ton for PP.
XLPE specialty production from Borouge 4 set to commence by year-end, supporting margin and growth.
Major restructuring planned: Borouge PLC and Borealis to combine into Borouge Group International, acquiring Nova Chemicals for $13.4 billion, with implementation expected in 2026 pending regulatory approvals.
Full-year 2025 dividend guidance reaffirmed at 16.2 fils per share, with a 6.3% yield.
Status of Borouge-Borealis-Nova Chemicals merger?
Impact of PP&E useful life change on profit?
Capital commitments vs. share buyback strategy?
XLPE 2: When will it impact Borouge's financials?
China Wanhua project: When will a decision be made?
BGI synergies: What are the key drivers?
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Q4 20253 Feb, 2026
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Frequently asked questions
Borouge Plc is a prominent petrochemical company specializing in the production of differentiated polyolefins, such as polyethylene and polypropylene. The company's product portfolio serves various industries, including packaging, infrastructure, energy, mobility, agriculture, and healthcare. Borouge is particularly known for its advanced materials used in critical sectors like renewable energy, where it provides specialized solutions for wire and cable applications, as well as sustainable packaging materials. The company is headquartered in Abu Dhabi, United Arab Emirates, and its shares are listed on the Abu Dhabi Securities Exchange.
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