Abu Dhabi – Mubasher: Borouge witnessed an annual rise of 3% in net profit to $281 million during the first quarter (Q1) of 2025, compared to $273 million.
Revenues increased by 9% year-on-year (YoY) to $1.42 billion as of 31 March 2025 from $1.30 billion, according to the financial results.
Basic and diluted earnings per share (EPS) maintained its value at $0.01 in Q1-25.
Hazeem Sultan Al Suwaidi, CEO of Borouge, commented: “The company’s continued strong performance lays firm foundations for the proposed combination of Borouge and Borealis, and the acquisition of Nova Chemicals, to create Borouge Group International, a $60 billion global petrochemicals leader.
“The new entity has been designed to deliver consistently strong dividends and significant near-term growth, with the transactions scheduled for completion in Q1-26, subject to legal and regulatory approvals,” Al Suwaidi mentioned.
Higher Cash Dividends
In 2025, the ADX-listed company aims to increase its dividend to at least 16.20 fils per share. Borouge Group International intends to offer a highly attractive estimated total dividend of $2.20 billion annually for the period from 2026 to 2030.
Last year, the company’s net profits jumped by 24% to $1.23 billion from $1 billion in 2023.
