Borouge Qtrly Profit $109 Million
Oct 29 (Reuters) - BOROUGE BOROUGE.AD:
QTRLY NET PROFIT WAS $109 MILLION
Q3 SAW HIGHER SALES VOLUMES
Q3 SAW DECLINE IN AVERAGE REALISED SELLING PRICES
Q3 REVENUE $1.4 BILLION
Q4 EXPECTED TO BE THE STRONGEST QUARTER OF FY 2026
Q3 SAW SALES VOLUMES INCREASED QOQ
ANNUAL DIVIDEND INTENTION OF 16.2 FILS PER SHARE REMAINS IN PLACE
Q3 SAW IMPROVED ETHANE SUPPLY
PROPOSED TENDER OFFER AND LISTING OF BOROUGE INTERNATIONAL TARGETED FOR 2027
AVERAGE UTILISATION INCREASING FROM 76% IN Q3 TO ABOVE 90% IN OCTOBER
ALL AVAILABLE PRODUCTION SHIPPED WITHOUT DEPENDENCE ON THE STRAIT OF HORMUZ
PROPOSED TENDER OFFER AND LISTING OF BOROUGE INTERNATIONAL TARGETED FOR 2027,
GLOBAL POLYOLEFIN BENCHMARK PRICES HAVE BEEN HIGHER IN OCTOBER COMPARED TO Q3 2026
PRODUCED 0.95 MILLION TONNES IN Q3 2026,
SALES VOLUMES INCREASED 22% QOQ TO 1.07 MILLION IN Q3 2026
IMPROVED PRICING DESPITE CONTINUED HIGH LOGISTICS COSTS EXPECTED IN Q4
Q3 SAW INCREASED EXPORTS TO ASIA
Q3 SAW AVERAGE REALISED SELLING PRICES INCREASED 22% YEAR ON YEAR,
MAINTAINED PRODUCT PREMIA WELL ABOVE GUIDANCE IN Q3 AT $301 AND $156 PER TONNE FOR POLYETHYLENE AND POLYPROPYLENE RESPECTIVELY
NEW CROSS-LINKED POLYETHYLENE (XLPE) PLANT ALSO CONTINUED TO RAMP UP PRODUCTION DURING Q3
WELL POSITIONED TO MEET GROWING DEMAND FOR POWER TRANSMISSION AND DATA CENTRE INFRASTRUCTURE ACROSS ASIA AND MIDDLE EAST
CONTINUED TO ADVANCE BOROUGE 4 GROWTH PROJECT, WHICH IS SET TO INCREASE POLYETHYLENE PRODUCTION CAPACITY BY 1.4 MILLION TONNES PER ANNUM
REACHED MECHANICAL COMPLETION AND COMMISSIONING OF ITS PE7 PLANT AT BOROUGE 4, ADDING 700,000 TONNES OF ADDITIONAL CAPACITY
BOROUGE INTERNATIONAL RECORDED STRONG SALES GROWTH OF 11% AND AN EBITDA MARGIN OF 18.4% IN Q3
INTEGRATION OF BOROUGE INTERNATIONAL CONTINUES TO PROGRESS WELL
Source text: [ID:]
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