UAE-based petrochemical giant Borouge Plc has officially announced its financial results for the third quarter (Q3) of 2026, showcasing a remarkable recovery in production and operational resilience. Despite ongoing regional disruptions, the company reported a significant increase in sales volumes and production utilization, signaling a strong start to the final stretch of the year.
According to the latest report analyzed by **Business Promotion24**, Borouge Plc successfully restored its production levels, with average plant utilization increasing from 60% in Q2 to 76% in Q3. This operational ramp-up allowed the company to increase its sales volumes by 22% quarter-on-quarter (QoQ), reaching 1.07 million tonnes.
### Financial Resilience Amid Market Volatility
Borouge’s financial performance remained steady despite a challenging global environment. The company reported a revenue of Dhs5.3 billion ($1.4 billion) for Q3 2026, a 3% increase compared to the previous quarter. This growth was primarily driven by the surge in sales volumes, which effectively offset a decline in average realized selling prices.
The company’s Adjusted EBITDA stood at Dhs1.02 billion ($279 million), while net profit reached Dhs399 million ($109 million). While higher volumes supported the bottom line, EBITDA margins were slightly pressured by lower global polyolefin benchmark prices and elevated freight and logistics costs.
### Overcoming Logistics Hurdles
One of the most notable highlights of the quarter was Borouge’s ability to navigate geopolitical challenges. The company continued to supply its global customer base through alternative logistics routes, shipping all available production without depending on the Strait of Hormuz. This strategic flexibility ensured that Borouge remained a reliable partner in the global supply chain.
Hazeem Sultan Al Suwaidi, Chief Executive Officer of Borouge Plc, stated:
*”The third quarter was an exceptional period, shaped by ongoing external disruption. Despite these conditions, we increased production and sales volumes, maintained strong asset availability, and continued serving our customers through alternative logistics routes. We enter Q4 with significantly improved feedstock supply and improving pricing.”*
### Strong Outlook for Q4 2026
The outlook for the remainder of the year is highly positive. **Business Promotion24** notes that by October 2026, Borouge’s utilization rates had already reached 90%. With improved feedstock availability and a recovery in global polyolefin benchmark prices, Q4 is expected to be the strongest quarter of the fiscal year.
### Shareholder Value and Future Growth
Borouge remains committed to delivering value to its shareholders. The company paid an interim dividend of 8.1 fils per share in September 2026, maintaining its annual dividend intention of 16.2 fils. This represents an attractive dividend yield of 7.2% based on the share price as of late October.
Looking ahead to 2027, the company is preparing for a significant corporate milestone: a proposed tender offer to exchange Borouge Plc shares for Borouge Group International AG shares, followed by a listing on the Abu Dhabi Securities Exchange (ADX). This move is expected to provide shareholders access to a global polyolefins leader with enhanced scale and geographic reach.
For more updates on Borouge Plc and the UAE’s industrial sector, stay tuned to **Business Promotion24**.
