BOROUGE PLC

Borouge PLC

BOROUGEStocksAbu Dhabi Securities ExchangeMaterials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

USD AED

Annual (USD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	5.85B	6.03B	5.79B	6.00B	6.22B
Cost of Revenue	3.59B	3.52B	3.66B	3.60B	3.23B
Gross Profit	2.26B	2.50B	2.13B	2.39B	2.98B
SG&A	588.93M	634.26M	553.03M	766.18M	799.66M
Operating Expenses	562.61M	580.31M	535.68M	726.12M	772.59M
Operating Income	1.70B	1.92B	1.60B	1.67B	2.21B
Interest Income	23.72M	28.55M	26.82M	29.62M	2.04M
Interest Expense	-175.92M	-202.03M	-220.91M	-143.76M	-6.46M
Pretax Income	1.54B	1.75B	1.40B	1.53B	2.20B
Income Tax	440.71M	506.36M	400.33M	427.25M	674.00M
Net Income	1.09B	1.23B	0.99B	1.09B	1.52B
EBITDA	2.15B	2.46B	2.16B	2.12B	2.71B
EBIT	1.70B	1.92B	1.60B	1.67B	2.21B
EPS (Basic)	0.04	0.04	0.03	0.04	—
EPS (Diluted)	0.04	0.04	0.03	0.04	—
DPS	—	0.04	0.04	—	—
Margins & Efficiency
Gross Margin %	+38.6%	+41.6%	+36.9%	+39.9%	+48.0%
EBITDA Margin %	+36.8%	+40.8%	+37.2%	+35.3%	+43.7%
Net Margin %	+18.6%	+20.3%	+17.1%	+18.1%	+24.4%
Revenue & Income
Revenue	5.85B	6.03B	5.79B	6.00B	6.22B
Revenue Growth (YoY)	-3.0%	+4.1%	-3.4%	-3.5%	—
Interest & Investment Income	23.72M	28.55M	26.82M	29.62M	2.04M
Currency Exchange Gain (Loss)	-2.01M	-2.14M	-2.07M	-3.93M	-1.55M
Expenses & Provisions
Cost of Revenue	3.59B	3.52B	3.66B	3.60B	3.23B
Selling, General & Admin	588.93M	634.26M	553.03M	766.18M	799.66M
Operating Expenses	562.61M	580.31M	535.68M	726.12M	772.59M
Other Operating Expenses	-26.32M	-53.95M	-17.35M	-40.06M	-27.07M
Interest Expense	-175.92M	-202.03M	-220.91M	-143.76M	-6.46M
Asset Writedown	-1.44M	-3.08M	-1.73M	-20.22M	-2.17M
D&A For EBITDA	453.71M	536.71M	557.14M	451.58M	503.28M
Profitability & Returns
Gross Profit	2.26B	2.50B	2.13B	2.39B	2.98B
Gross Margin	+38.6%	+41.6%	+36.9%	+39.9%	+48.0%
EBIT	1.70B	1.92B	1.60B	1.67B	2.21B
EBIT Margin	+29.0%	+31.9%	+27.6%	+27.8%	+35.6%
EBITDA	2.15B	2.46B	2.16B	2.12B	2.71B
EBITDA Margin	+36.8%	+40.8%	+37.2%	+35.3%	+43.7%
EBT Excluding Unusual Items	1.54B	1.75B	1.40B	1.55B	2.20B
Pretax Income	1.54B	1.75B	1.40B	1.53B	2.20B
Operating Income	1.70B	1.92B	1.60B	1.67B	2.21B
Operating Margin	+29.0%	+31.9%	+27.6%	+27.8%	+35.6%
Profit Margin	+18.6%	+20.3%	+17.1%	+18.1%	+24.4%
Net Income	1.09B	1.23B	0.99B	1.09B	1.52B
Net Income to Common	1.09B	1.23B	0.99B	1.09B	1.52B
Net Income Growth	-11.1%	+23.6%	-8.8%	-28.4%	—
Earnings From Continuing Ops.	1.10B	1.24B	1.00B	1.10B	1.53B
Minority Interest in Earnings	-9.95M	-13.68M	-9.55M	-14.22M	-10.50M
Income Tax Expense	440.71M	506.36M	400.33M	427.25M	674.00M
Effective Tax Rate	+28.6%	+29.0%	+28.6%	+28.0%	+30.6%
Per Share & Capital
EPS (Basic)	0.04	0.04	0.03	0.04	—
EPS (Diluted)	0.04	0.04	0.03	0.04	—
EPS Growth	-10.8%	+23.6%	-8.8%	—	—
Dividend Per Share	—	0.04	0.04	—	—
Shares Change (YoY)	-0	—	—	—	—
Shares Outstanding (Basic)	29.94B	30.06B	30.06B	30.06B	—
Shares Outstanding (Diluted)	29.94B	30.06B	30.06B	30.06B	—
Dividend Growth	—	+0.5%	—	—	—
Free Cash Flow	1.65B	1.75B	1.58B	1.80B	—
Free Cash Flow Margin	+28.1%	+29.1%	+27.2%	+30.1%	—
Free Cash Flow Per Share	0.06	0.06	0.05	0.06	—
Payout Ratio	+120.2%	+106.1%	+131.1%	+44.9%	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

USD AED

Annual (USD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	5.85B	6.03B	5.79B	6.00B	6.22B
Cost of Revenue	3.59B	3.52B	3.66B	3.60B	3.23B
Gross Profit	2.26B	2.50B	2.13B	2.39B	2.98B
SG&A	588.93M	634.26M	553.03M	766.18M	799.66M
Operating Expenses	562.61M	580.31M	535.68M	726.12M	772.59M
Operating Income	1.70B	1.92B	1.60B	1.67B	2.21B
Interest Income	23.72M	28.55M	26.82M	29.62M	2.04M
Interest Expense	-175.92M	-202.03M	-220.91M	-143.76M	-6.46M
Pretax Income	1.54B	1.75B	1.40B	1.53B	2.20B
Income Tax	440.71M	506.36M	400.33M	427.25M	674.00M
Net Income	1.09B	1.23B	0.99B	1.09B	1.52B
EBITDA	2.15B	2.46B	2.16B	2.12B	2.71B
EBIT	1.70B	1.92B	1.60B	1.67B	2.21B
EPS (Basic)	0.04	0.04	0.03	0.04	—
EPS (Diluted)	0.04	0.04	0.03	0.04	—
DPS	—	0.04	0.04	—	—
Margins & Efficiency
Gross Margin %	+38.6%	+41.6%	+36.9%	+39.9%	+48.0%
EBITDA Margin %	+36.8%	+40.8%	+37.2%	+35.3%	+43.7%
Net Margin %	+18.6%	+20.3%	+17.1%	+18.1%	+24.4%
Revenue & Income
Revenue	5.85B	6.03B	5.79B	6.00B	6.22B
Revenue Growth (YoY)	-3.0%	+4.1%	-3.4%	-3.5%	—
Interest & Investment Income	23.72M	28.55M	26.82M	29.62M	2.04M
Currency Exchange Gain (Loss)	-2.01M	-2.14M	-2.07M	-3.93M	-1.55M
Expenses & Provisions
Cost of Revenue	3.59B	3.52B	3.66B	3.60B	3.23B
Selling, General & Admin	588.93M	634.26M	553.03M	766.18M	799.66M
Operating Expenses	562.61M	580.31M	535.68M	726.12M	772.59M
Other Operating Expenses	-26.32M	-53.95M	-17.35M	-40.06M	-27.07M
Interest Expense	-175.92M	-202.03M	-220.91M	-143.76M	-6.46M
Asset Writedown	-1.44M	-3.08M	-1.73M	-20.22M	-2.17M
D&A For EBITDA	453.71M	536.71M	557.14M	451.58M	503.28M
Profitability & Returns
Gross Profit	2.26B	2.50B	2.13B	2.39B	2.98B
Gross Margin	+38.6%	+41.6%	+36.9%	+39.9%	+48.0%
EBIT	1.70B	1.92B	1.60B	1.67B	2.21B
EBIT Margin	+29.0%	+31.9%	+27.6%	+27.8%	+35.6%
EBITDA	2.15B	2.46B	2.16B	2.12B	2.71B
EBITDA Margin	+36.8%	+40.8%	+37.2%	+35.3%	+43.7%
EBT Excluding Unusual Items	1.54B	1.75B	1.40B	1.55B	2.20B
Pretax Income	1.54B	1.75B	1.40B	1.53B	2.20B
Operating Income	1.70B	1.92B	1.60B	1.67B	2.21B
Operating Margin	+29.0%	+31.9%	+27.6%	+27.8%	+35.6%
Profit Margin	+18.6%	+20.3%	+17.1%	+18.1%	+24.4%
Net Income	1.09B	1.23B	0.99B	1.09B	1.52B
Net Income to Common	1.09B	1.23B	0.99B	1.09B	1.52B
Net Income Growth	-11.1%	+23.6%	-8.8%	-28.4%	—
Earnings From Continuing Ops.	1.10B	1.24B	1.00B	1.10B	1.53B
Minority Interest in Earnings	-9.95M	-13.68M	-9.55M	-14.22M	-10.50M
Income Tax Expense	440.71M	506.36M	400.33M	427.25M	674.00M
Effective Tax Rate	+28.6%	+29.0%	+28.6%	+28.0%	+30.6%
Per Share & Capital
EPS (Basic)	0.04	0.04	0.03	0.04	—
EPS (Diluted)	0.04	0.04	0.03	0.04	—
EPS Growth	-10.8%	+23.6%	-8.8%	—	—
Dividend Per Share	—	0.04	0.04	—	—
Shares Change (YoY)	-0	—	—	—	—
Shares Outstanding (Basic)	29.94B	30.06B	30.06B	30.06B	—
Shares Outstanding (Diluted)	29.94B	30.06B	30.06B	30.06B	—
Dividend Growth	—	+0.5%	—	—	—
Free Cash Flow	1.65B	1.75B	1.58B	1.80B	—
Free Cash Flow Margin	+28.1%	+29.1%	+27.2%	+30.1%	—
Free Cash Flow Per Share	0.06	0.06	0.05	0.06	—
Payout Ratio	+120.2%	+106.1%	+131.1%	+44.9%	—