Borouge PLC Management Discussion and Analysis Report for the Period Ended March 31,2026 | premargin
Borouge PLC Management Discussion and Analysis Report for the Period Ended March 31,2026
·ADX·Financial Reports | Management Discussion and Analysis Report·April 30, 2026·View on exchange
AI Summary
Borouge reported Q1 2026 revenue of $1,175 million (down 17% YoY) and adjusted EBITDA of $343 million (down 39% YoY), impacted by lower benchmark pricing and logistics disruptions following the closure of the Strait of Hormuz.
A security-related incident on April 5, 2026, at the Ruwais production facilities caused asset damage and a temporary suspension of activity; a phased restart is currently underway to return most units to operation.
Strategic growth milestones included the commencement of production at the first Borouge 4 facility (XLPE 2) in April 2026 and the signing of a