Borouge Plc has reported a substantial US$281 million net profit for the first quarter driven by record monthly production in March, an increase in sales volumes and continuous cost discipline.

Borouge reported increased net profit, driven by higher production and sales volumes, in Q1 2025.

Q1 2025 operational performance remained strong, with production volumes rising 7% year-on-year (YOY) in the first quarter of 2025. Overall asset reliability remained strong, achieving 94.4% by the end of the quarter, with polyethylene (PE) and polypropylene (PP) utilization rates at 101% and 98% respectively, underscoring the company’s operational excellence and efficiency.

Demand for high-value product segments were robust in the core growth markets of Asia Pacific, the Middle East, and Africa. Total sales volumes increased 10% YOY in the first quarter to 1.25 million tons, driven by substantial growth of 8% in PE and 13% in PP sales volumes.

Revenue in Q1 2025 grew 9% YOY to US$1.42 billion, driven by higher average selling prices and increased sales volumes. The strong performance reflects the growing demand for the company’s differentiated energy and infrastructure solutions, which contributed 38% of total sales volumes during the quarter. Average sales prices for PE and PP each rose 2% quarter-on-quarter.

“Borouge is firmly positioned on an accelerated growth trajectory having demonstrated remarkable resilience and operational excellence over the past couple of years,” commented Hazeem Sultan Al Suwaidi, Chief Executive Officer of Borouge.

The company’s continued strong performance lays firm foundations for the proposed combination of Borouge and Borealis, and the acquisition of Nova Chemicals, to create Borouge Group International, a $60 billion global petrochemicals leader. The transactions are scheduled for completion in Q1 2026, subject to legal and regulatory approvals.

Borouge Plc has reported a substantial US$281 million net profit for the first quarter driven by record monthly production in March, an increase in sales volumes and continuous cost discipline.

Borouge reported increased net profit, driven by higher production and sales volumes, in Q1 2025.

Q1 2025 operational performance remained strong, with production volumes rising 7% year-on-year (YOY) in the first quarter of 2025. Overall asset reliability remained strong, achieving 94.4% by the end of the quarter, with polyethylene (PE) and polypropylene (PP) utilization rates at 101% and 98% respectively, underscoring the company’s operational excellence and efficiency.

Demand for high-value product segments were robust in the core growth markets of Asia Pacific, the Middle East, and Africa. Total sales volumes increased 10% YOY in the first quarter to 1.25 million tons, driven by substantial growth of 8% in PE and 13% in PP sales volumes.

Revenue in Q1 2025 grew 9% YOY to US$1.42 billion, driven by higher average selling prices and increased sales volumes. The strong performance reflects the growing demand for the company’s differentiated energy and infrastructure solutions, which contributed 38% of total sales volumes during the quarter. Average sales prices for PE and PP each rose 2% quarter-on-quarter.

“Borouge is firmly positioned on an accelerated growth trajectory having demonstrated remarkable resilience and operational excellence over the past couple of years,” commented Hazeem Sultan Al Suwaidi, Chief Executive Officer of Borouge.

The company’s continued strong performance lays firm foundations for the proposed combination of Borouge and Borealis, and the acquisition of Nova Chemicals, to create Borouge Group International, a $60 billion global petrochemicals leader. The transactions are scheduled for completion in Q1 2026, subject to legal and regulatory approvals.