Borouge’s Q2 Profit Drops 37% to $193 Million
Abu Dhabi-based petrochemical company Borouge reported a 37.2% drop in its second-quarter profit, earning $193 million. The decline was mainly due to lower revenue, as shown in its latest financial report.
Q2 Financial Highlights
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Revenue fell by 13% to $1.3 billion from $1.5 billion a year earlier. This drop was partly because of planned maintenance at its Borouge 3 plant.
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The company said it focused on careful asset management while still aiming to deliver value to shareholders.
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Sales volumes stayed steady at 1.1 million tons, supported by selling 140 kilotons from inventory.
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High-value products made up 41% of total sales, thanks to strong demand in infrastructure and advanced packaging sectors.
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Average selling prices went down by 1% compared to the previous quarter and 3% from a year ago.
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Adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) was $440 million, down from $613 million a year ago.
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The EBITDA margin was 34%, lower because of falling prices and reduced production during plant maintenance.
First Half of 2025
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Net profit for the first six months was $660.1 million, a 19.1% drop from $815.9 million in the same period last year.
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Revenue in the first half slipped 2.9% to $2.72 billion, down from $2.81 billion last year.
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Adjusted EBITDA was $1 billion, lower than $1.18 billion a year earlier. Margins remained stable due to good pricing, cost control, and inventory sales.
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Sales volumes were 2.39 million tons, a 2% decrease year-on-year, showing Borouge’s strong ability to operate efficiently despite market challenges.
Published: 1st August 2025
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