Q3 2025 Borouge Plc Earnings Call Transcript
Key Points
- Borouge PLC (ADX:BOROUGE) achieved an EBITDA margin of 39% in Q3, making it the most profitable polyolefin company globally.
- The company delivered its highest production volume in Q3, with utilization rates exceeding 110%, surpassing design capacity.
- Net profit increased by 52% quarter-on-quarter to $295 million, supported by a 19% increase in sales volumes.
- Borouge PLC (ADX:BOROUGE) reaffirmed its full-year 2025 dividend guidance of AED0.162 per share, with potential upside from a 90% payout ratio.
- The company launched multiple new high-value products, including innovations in healthcare and advanced packaging, enhancing its competitive positioning.
- Average selling prices declined by 3% quarter-on-quarter due to weaker benchmark prices.
- Despite strong performance, the company's revenue for the 9-month period declined by 5% due to pricing and Q2 turnaround impacts.
- Polypropylene premia decreased by 7% year-on-year, although it still exceeded guidance on a 9-month basis.
- The company faces ongoing pressure from soft benchmark pricing, expected to continue into Q4.
- Sales in China and India were reduced as the company tactically allocated volumes to other regions, potentially impacting market presence in these areas.
Good afternoon, and thank you for joining us today for Borouge's third quarter and 9 Month 2025 results call. My name is Chris Bucknall, VP, Investor Relations at Borouge. I'm pleased to be joined today by our senior management team, Chief Executive Officer, Hazeem Sultan Al Suwaidi; Chief Marketing Officer, Roland Janssen; Chief Operating Officer, Dr. Hasan Karam; and Chief Financial Officer, Jan-Martin Nufer.
Today's call will begin with a presentation from the management team covering our third quarter performance and the Borouge investment case. Following the presentation, we'll open the floor for your questions. A copy of today's presentation is available on the Investor Relations section of our website.
With that, I'd like to hand over to our CEO.
Thank you all for joining us today. In Q3 2025, Borouge delivered a standout performance across all key metrics. We remain the most profitable polyolefin company globally with an
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