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Borouge (BOROUGE) investor relations material
Borouge Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 production rose 32% QoQ to 949 kt and sales increased 22% to 1,069 kt as feedstock supply and asset availability improved; adjusted EBITDA was $279m and net profit was $108.6m.
Lower benchmark prices and elevated feedstock and logistics costs weighed on Q3 earnings; Q4 is expected to be FY2026’s strongest quarter, supported by higher volumes and stronger pricing.
Financial highlights
Revenue was $1,444m, flat YoY and up 3% QoQ as higher sales volumes offset lower average selling prices.
Adjusted EBITDA was $279m, down 51% YoY and 30% QoQ, with a 19% margin; net profit was $108.6m, down 63% YoY.
9M revenue was $4,025m, adjusted EBITDA $1,023m and net profit $455m; all were lower YoY.
Q3 gross profit was $427m and operating profit $172m, down 30% and 62% YoY, respectively.
Outlook and guidance
Q4 adjusted EBITDA is expected to be significantly higher than Q3, with Q4 forecast as FY2026’s strongest quarter.
October utilisation exceeded 90% as feedstock supply improved; high Q4 utilisation and production remain subject to feedstock availability.
Q4 polyolefin benchmarks and realised PE and PP prices are expected above Q3 levels; logistics costs are expected to improve but remain above historical levels.
FY2026 dividend intention remained 16.2 fils per share, with the H2 dividend expected in May 2027.
- Q2 2026 net profit rose 23% QoQ to $191M as higher prices and restored production drove results.BOROUGE
Q2 2026 - Q1 2026 net profit of $156M, strong margins, and Borouge 4 ramp-up amid global supply shortages.BOROUGE
Q1 2026 - Asset usage agreement and strong credit ratings drive $400M profit uplift and future growth.BOROUGE
Pre-close/silent call - FY2025 net profit hit $1.1B with 37% EBITDA margin, record sales, and major restructuring.BOROUGE
Q4 2025 - Record Q3 profit and margins achieved amid soft pricing; major restructuring announced.BOROUGE
Q3 2025 - Q2 net profit surged 33% YoY to $308M, with record output and strong EBITDA margin.BOROUGE
Q2 2024 - Merger forms a top-four polyolefins leader with $7B+ EBITDA, $500m synergies, and strong dividends.BOROUGE
Investor Update - Q1 2025 net profit up 3% to $281M, with higher dividends, strong margins, and expansion plans.BOROUGE
Q1 2025 - Record profit and cash flow in 2024 support a $1.3B dividend; 2025 CapEx to rise on maintenance.BOROUGE
Q4 2024
Next Borouge earnings date
Next Borouge earnings date
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