Abu Dhabi - Mubasher: Borouge reported lower net profits at $474.24 million in the first half (H1) of 2025, compared with $580.50 million in H1-24.
The revenues declined to $2.72 billion in the first six months (6M) of 2025 from $2.80 billion in the same period a year earlier.
The basic and diluted earnings per share (EPS) remained unchanged year-on-year (YoY) at $0.02 in H1-25.
Results for Q2-25
In the second quarter (Q2) of 2025, the net profits of Borouge plunged to $193.17 million from $307.79 million in Q2-24.
The revenues stood at $1.30 billion in April-June 2025, lower YoY than $1.50 billion.
Basic and diluted EPS held steady at $0.01 in Q2-25, unchanged from Q2-24.
The CEO of Borouge, Hazeem Sultan Al Suwaidi, commented: “Borouge’s results are underpinned by healthy cash flows, disciplined execution and strong pricing premia, following the successful completion of the planned Borouge 3 turnaround, our largest to Date.”
He added: “Reflecting our commitment to delivering shareholder value, we reaffirm our intention to increase Borouge’s dividend to 16.20 fils per share for 2025 and our proposed H1-25 dividend of 8.10 fils per share to be paid in September.”
“The increased dividend is also expected to serve as the intended minimum share payout to at least 2030 under Borouge Group International,” the CEO concluded.
