Q1-2026 production levels maintained at 98% of nameplate capacity during regional developments
Borouge Plc announced a resilient financial and operational performance for the first quarter of 2026, delivering revenue of US$ 1.2bn, adjusted EBITDA of US$ 343mn and net profit of US$ 156mn despite current regional developments and logistics challenges, the company stated in a press communication.
The Company’s results were underpinned by strong operational execution, delivering 1.21mn tonnes of production at 98% of nameplate capacity.
Despite the regional developments impacting the Strait of Hormuz, 61% of March production was successfully routed through alternative logistics channels.
Strong price growth
Prices saw rapid growth of 62% during March, driven by a global supply shortage of polyolefins, and have remained high in April, supporting the outlook for the full year.
“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,” commented Hazeem Sultan Al Suwaidi, Chief Executive Officer, Borouge Plc
Strong production
In the first quarter Borouge Plc recorded production volumes of 1.21mn tonnes, operating at 98% of nameplate capacity and demonstrating strong operational resilience.
Borouge Plc’s Q1-2026 performance highlights the resilience of its operating model and the flexibility of its commercial and logistics platform, supported by effective business continuity planning and close coordination with stakeholders and local authorities, the press statement continued.
Under a recent agreement with ADNOC and OMV, Borouge Plc has been granted operational control and marketing rights for the Borouge 4 mega project requiring no upfront capital investment from Borouge Plc.
The Agreement is expected to generate a cumulative net profit of US$ 400mn over the next three years, representing approximately 10% annual earnings accretion to Borouge Plc following full ramp up.
