Abu Dhabi - Mubasher: Borouge generated net profits valued at $155.58 million in the first quarter (Q1) of 2026, compared to $281.06 million in Q1-25.
The revenues hiked amounted to $1.17 billion as of 31 March 2026, up year-on-year (YoY) from $1.41 billion, according to the interim financial results.
The basic and diluted earnings per share (EPS) was kept unchanged at $0.01 in Q1-26.
Despite the regional developments impacting the Strait of Hormuz, 61% of March production was successfully routed through alternative logistics channels.
In March, the prices witnessed strong growth of 62%, driven by a global supply shortage of polyolefins.
CEO of Borouge, Hazeem Sultan Al Suwaidi, commented: “With global prices showing encouraging signs of recovery and as market conditions improve, we are well positioned to translate this opportunity into earnings, maintaining reliable supply for our customers, and continuing to deliver sustainable value for our shareholders.”
In 2025, the ADX-listed company’s net profits fell to $1.09 billion from $1.23 billion in 2024.
