Borouge H1 2026 profit falls 27% to $344.2M; Q2 at $189.5M
- Source
- Argaam - UAE News
- Source link
- https://www.argaam.com/en/financial-reports/company-report/5843/2026/71?preview=true
- Published
- 2026-08-02 11:32:00
- Discovered by ProcIntel
- 2026-08-02 14:26:50
- Category
- GCC Spotlight
- Geography
- UAE
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
<p>Borouge PLC, listed on the Abu Dhabi Securities Exchange (ADX), reported a net profit of $344.2 million (AED 1.26 billion), or 1.15 cents per share, for the first half of 2026, down 27% from $470.5 million (AED 1.73 billion) in the corresponding period of 2025.</p> <p></p> <p>The decline in earnings was mainly driven by a contraction in the gross profit margin to 36.8% from 37.2% a year earlier, as revenue declined at a faster pace than direct costs.</p> <p></p> <p>Profit was also weighed down by an 81% increase in selling and distribution expenses, which rose to $346.7 million from $191.3 million in the first half of 2025.</p>
Procurement Relevance Gate
- geographic_exposure (weight 8) — matched on "1 linked geography"
Initial Signal Assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically-computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Not Assessed — this Signal did not pass the Procurement Relevance Gate, or is fictional/excluded test data.