Borouge Plc announced a 52% quarter-on-quarter (QoQ) net profit increase to US$295 million in Q3 2025, exceeding market expectations and driven by record production, strong sales, and resilient margins following the successful Borouge 3 plant turnaround in Q2.

Adjusted EBITDA for Q3 rose to US$565 million, representing an industry-leading 39% margin, up from 34% in the previous quarter. The higher margin reflects strong sales volumes, first quartile operating costs and robust quality pricing premia.

Despite benchmark prices declining QoQ, Borouge achieved US$233/t for polyethylene (PE) and $142/t for polypropylene (PP) during the first nine months of 2025, remaining above guidance and reflecting the strength of its differentiated and innovative product portfolio.

Borouge’s exceptional Q3 results reinforce the company’s position as the world’s most profitable polyolefins company. “We delivered over 50% net profit growth despite softer markets, underpinned by our resilient business model, record production following the planned Q2 turnaround, and strong cost discipline,” said Hazeem Sultan Al Suwaidi, Chief Executive Officer of Borouge.

Q3 record operational performance and strong margins

Borouge’s improved profitability in the quarter was driven by disciplined execution and operational resilience following the successful completion of the Borouge 3 plant turnaround earlier in the year, concluded ahead of schedule.

Following the turnaround, utilization rates returned quickly to above design capacity levels of 110% for PE and 112% for PP, supporting a 19% increase in Sales volumes quarter-on-quarter to 1.4 million tons.

Infrastructure and advanced packaging segments continued to drive 36% of total volumes reinforcing Borouge’s differentiated market positioning. The Asia Pacific region accounted for 61% of sales, up from 57% in the previous quarter.

9-Month performance

Sales volumes totaled 3.8 million tons, broadly flat year-on-year, reflecting strong utilization rates and with record quarterly production in Q3. Borouge generated 9-month revenue of $4.17 billion in 2025 compared to $4.41 billion recorded for the same period in 2024.

Adjusted EBITDA stood at $1.57 billion, while net profit reached $769 million, supported by disciplined cost control and higher operating efficiency.