Dividend reflects record sales, robust cash flow, and resilient market performance.
ABU DHABI: Borouge Plc confirmed that shareholders approved a final dividend of $1.32 billion for 2025 at its General Assembly Meeting on April 7, reflecting strong operational performance and record sales.
The final dividend of $658 million (8.1 fils per share) brings the total 2025 payout to approximately $1.32 billion (16.2 fils per share).
The dividend is scheduled for payment on or around 7 May 2026 to shareholders of record as of 17 April 2026.
With this distribution, Borouge Plc will have paid a total of $4.89 billion in dividends since its listing, marking one of the largest payout levels on the Abu Dhabi Securities Exchange (ADX) over this period.
Market resilience
Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, ADNOC Managing Director and Group CEO, Executive Chairman of XRG, and Chairman of Borouge Plc, said:
“Demonstrating strong market resilience, Borouge Plc continues to lead the industry as the world’s most profitable polyolefins company, supported by its robust financial position. Building on this strength, the Company is advancing its transformative growth journey through Borouge International.”
“We are evolving into a global polyolefins powerhouse, combining technology leadership, cost efficiency, and expanded scale across North America, the Middle East, and Europe. Together, these advantages will make us stronger, more resilient, and better positioned to navigate market cycles while delivering sustained value to our shareholders,” Dr. Sultan Ahmed Al Jaber added.
On 31 March 2026, XRG and OMV successfully completed the merger of Borouge Plc and Borealis GmbH (Borealis) into Borouge Group International AG (Borouge International), alongside the acquisition of NOVA Chemicals Corporation (NOVA), creating the world’s leading pure-play polyolefins company.
Hazeem Sultan Al Suwaidi, Chief Executive Officer of Borouge, said:
“Borouge Plc delivered a strong and resilient performance in 2025, reaffirming the strength of our operating model in a dynamic global polyolefins market.”
“We reinforced our leading cost position and our ability to deliver consistent performance across the cycle. As we enter an exciting new phase of growth under Borouge International, we remain focused on driving value for our shareholders through high-margin, differentiated products and sustaining strong pricing premia across our portfolio,” said Hazeem Sultan Al Suwaidi, CEO of Borouge.
Tender offer
The proposed tender offer, which would convert Borouge Plc shares into Borouge International shares, is expected to coincide with the new company’s future equity raise to maximise value for all shareholders.
The tender offer is anticipated in 2027, subject to market conditions and approval by the UAE Capital Market Authority.
“Until then, Borouge International will remain privately held, while Borouge Plc continues to be listed on the ADX. Borouge Plc shareholders will continue to receive the intended annual dividend of 16.2 fils per share, which Borouge International plans to maintain following the completion of the proposed tender offer,” the company stated.
Under a new agreement with ADNOC and OMV (“the Agreement”), Borouge Plc has been granted operational control and marketing rights for the Borouge 4 mega project. The Agreement is expected to generate a cumulative net profit of $400 million over the next three years, representing roughly 10% annual earnings accretion to Borouge Plc once fully ramped up.
Borouge Plc confirmed that it is closely monitoring the current situation and coordinating with relevant UAE authorities to safeguard personnel, facilities, and operations.
Following an incident on 5 April, production in affected areas at Borouge’s Ruwais facility has been temporarily suspended while damage assessments and repairs are conducted.
In the first quarter of 2026, Borouge maintained high utilisation rates and sold a substantial portion of its March production through alternative channels, while placing additional inventories in storage ahead of shipment.
A global polyolefins shortage drove a strong price recovery in March, which has continued into April.
Borouge remains financially resilient to manage short-term operational disruptions, supported by strong cash generation and substantial available liquidity.
