Borouge delivered a resilient second quarter performance in 2026, demonstrating the strength of its operations, supply chain agility and financial discipline despite adverse regional developments.
Following the incident on 5 April at its Ruwais complex, the Company restored full asset availability ahead of schedule with the successful repair of affected assets completed by the end of June. The Company successfully shipped all volumes produced during the quarter as well as additional volumes from inventory.
As a result of the Company’s operational and commercial resilience, Borouge Plc, reported in Q2-2026 an increased revenue of US$ 1.4bn (Q1-2026: US$ 1.2bn), adjusted EBITDA of US$ 40mn (Q1-2026: US$ 343mn), and net profit of US$ 191mn (Q1-2026: US$ 156mn), supported by sales volumes of 0.9mn tonnes.
Record premia
The Company benefitted from a 53% increase in average realised prices quarter-on-quarter (QoQ), supported by stronger global polyolefin pricing and record premia for Borouge’s differentiated products.
“The swift and coordinated response enabled us to implement effective alternative logistics routes, ensuring we shipped all volumes produced, supplemented by additional volumes from inventory, during the quarter, without dependency on the Strait of Hormuz,” commented Hazeem Sultan Al Suwaidi, Chief Executive Officer, Borouge Plc.
“Repair work was completed safely and successfully, restoring full production availability across all units affected by the incident on 5 April. Our financial resilience and disciplined execution continue to support our commitment to shareholders, with Borouge Plc’s annual dividend intention intact,” he added.
Borouge International
The successful formation of Borouge International, completed on 30 March 2026, creates the fourth-largest polyolefins producer globally as measured by nameplate capacity, combining premium products, proprietary technologies and a global footprint.
Borouge Plc is now part of Borouge International and is expected to benefit from the global footprint, technologies, and product portfolio of the new platform, strengthening Borouge Plc’s long-term competitiveness, enhancing geographic diversification and scale to provide a broader base for future value creation, while maintaining a clear commitment to shareholder returns, a press statement concluded.
