Borouge Plc has reported an exceptional third quarter in 2025, achieving a remarkable 52% quarter-on-quarter increase in net profit, reaching $295 million. This stellar performance was driven by record production levels, robust sales, and stringent cost management, surpassing market expectations and solidifying the company’s leadership in the global polyolefins industry. The Abu Dhabi Securities Exchange-listed petrochemicals giant also posted an adjusted EBITDA of $565 million, reflecting a best-in-class margin of 39%, up from 34% in Q2. Despite a decline in benchmark prices, Borouge maintained premium pricing for its differentiated polyethylene (PE) and polypropylene (PP) products, averaging $233 and $142 per tonne, respectively, over the first nine months of 2025. CEO Hazeem Sultan Al Suwaidi credited the company’s resilient business model and operational excellence for the outstanding results. Following the successful and ahead-of-schedule turnaround of its Borouge 3 plant in Q2, the company increased utilization rates to 110% for PE and 112% for PP, resulting in a 19% rise in quarterly sales volumes to 1.4 million tonnes. The Asia Pacific region emerged as a key growth driver, accounting for 61% of total sales, up from 57% in the previous quarter. For the nine-month period ending September 2025, Borouge reported revenues of $4.17 billion, slightly lower than the $4.41 billion recorded in the same period last year due to reduced average selling prices. However, net profit rose to $769 million, supported by operational efficiency and cost control. The company reaffirmed its full-year dividend intention of 16.2 fils per share, with the second-half payout expected in April 2026. Additionally, Borouge continued its share buyback program, repurchasing over 157.5 million shares by the end of Q3, reflecting strong confidence in its long-term growth prospects. Looking ahead, Borouge is nearing completion of its Borouge 4 expansion project, which is over 90% complete. The first plant is expected to commence operations by year-end, adding 1.4 million tonnes of annual capacity and significantly boosting earnings potential. The project will become a core asset of the proposed Borouge Group International (BGI), set for launch in Q1 2026. Innovation remains central to Borouge’s strategy, with the reintroduction of its enhanced BorSafe PE100-RC pipe grade, which won ‘New Product of the Year’ at the Asian Oil and Gas awards. In advanced packaging, Borouge unveiled a new Borstar PP grade supporting up to 50% post-consumer recycled content, reinforcing its commitment to circular and sustainable solutions. The company’s AI, Digitalisation and Technology (AIDT) program has already delivered $477 million in value this year, with a target of $575 million for 2025. Borouge is also pioneering AI-powered autonomous control room operations at its Ruwais facility in collaboration with Yokogawa and Honeywell. With strong fundamentals, expanding capacity, and a focus on innovation, Borouge is well-positioned to capitalize on improving market dynamics and deliver sustained value to shareholders.