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Borouge (BOROUGE) investor relations material
Borouge Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
FY2025 net profit reached $1.1 billion, down 11% year-over-year but surpassing market expectations, with a 37% adjusted EBITDA margin and 19% net profit margin.
Achieved record annual sales volumes of 5.4 million tonnes and production of 5.1 million tonnes, with Q4 2025 production at 1.46 million tonnes and sales at 1.64 million tonnes.
Q4 2025 net profit was $330 million, up 12% quarter-over-quarter, with highest-ever utilization rates and robust commercial performance.
Major restructuring announced: planned merger with Borealis and acquisition of Nova Chemicals for $13.4 billion, forming Borouge Group International.
Continued strong execution of growth and innovation programs, with $94 million in value generated from new products and 20% growth in circular solutions sales.
Financial highlights
FY2025 revenue totaled $5.85 billion, down 3% year-over-year, with Q4 revenue at $1.68 billion, up 16% quarter-over-quarter.
Adjusted EBITDA for FY2025 was $2.17 billion (37% margin); Q4 adjusted EBITDA was $601 million (36% margin).
Net profit margin for FY2025 was 19%; Q4 net profit margin was 20%.
Operating free cash flow for FY2025 was $1.86 billion; Q4 was $502 million.
Free cash flow yield was the highest among global peers.
Outlook and guidance
2026 targets include 105% utilization and ramp-up of Borouge 4, with no major planned turnarounds.
Long-term polyolefin demand in core markets projected to grow at 4% annually through 2030, led by Asia and Middle East & Africa.
Premium guidance for PE and PP remains at $200/ton and $140/ton, respectively, through the cycle.
Dividend intention reaffirmed at 16.2 fils per share for FY2025, with payout expected in April 2026.
Restructuring and global expansion expected to enhance market reach and growth opportunities.
- TimeTickerHeadlineOpen
- WAFD
All proposals passed with strong support; focus remains on innovation, competition, and shareholder value. - AVY
FY25 adjusted EPS up 1% to $9.53, $8.9B sales, and $861M returned to shareholders. - LLY
Q4 2025 revenue rose 43% to $19.3B; 2026 guidance set at $80–$83B revenue. - TKR
Q4 2025 outperformed; 2026 targets higher sales, margins, and EPS amid ongoing transformation. - POWL
Record backlog, strong orders, and margin expansion drive robust outlook for 2026. - AFG
Record 2025 results, strong ROE, and $707M+ capital returned, with robust 2026 outlook. - RNR
Net income hit $2.65B and book value rose over 26%, driven by strong property and investments. - OCSL
Net investment income covered the dividend as NAV fell and new investments remained strong. - BTBT
$888M in ETH and AI assets held, with shares trading at a 31% discount to mNAV. - PRU
Earnings rose, capital returns were strong, but Japan's sales pause will cut 2026 earnings.
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