‎Borouge Q2 2026 earnings forecast

Source: Argaam - UAE News
Source link: https://www.argaam.com/en/article/articledetail/id/1924099
Published: 2026-07-29 14:54:00
Discovered by ProcIntel: 2026-07-31 10:19:26
Category: GCC Spotlight
Geography: UAE
Organisations: —
Review status: Pending
Record type: REAL

Summary

‎<img src="https://argaamplus.s3.amazonaws.com/300ef67c-9287-4553-81cc-a8cd23148250.png" >Borouge profit outlook improves on consensus estimates <hr> In this report, Argaam highlights the expected results of Borouge PLC for Q2 2026, as well as its quarterly earnings trends, operating performance, and profitability indicators. Quarterly Revenue– USD mln <table border="0" cellpadding="0" cellspacing="3"> <thead> <tr> <th > Item </th> <th > 2Q 2025 </th> <th > 3Q 2025 </th> <th > 4Q 2025 </th> <th > 1Q 2026 </th> <th > 2Q 2026 (Consensus) </th> </tr> </thead> <tbody> <tr> <td > Revenue </td> <td > 1,305.3 </td> <td > 1,447.2 </td> <td > 1,675.7 </td> <td > 1,175.2 </td> <td > 1,172.7 </td> </tr> <tr> <td > Change (%) </td> <td > (13.2%) </td> <td > (9.5%) </td> <td > +3.4% </td> <td > (17.2%) </td> <td > (10.2%) </td> </tr> </tbody> </table> Quarterly Earnings– USD mln <table border="0" cellpadding="0" cellspacing="3"> <thead> <tr> <th > Item </th> <th > 2Q 2025 </th> <th > 3Q 2025 </th> <th > 4Q 2025 </th> <th > 1Q 2026 </th> <th > 2Q 2026 (Consensus) </th> </tr> </thead> <tbody> <tr> <td > Net income </td> <td > 191.7 </td> <td > 292.1 </td> <td > 326.6 </td> <td > 154.7 </td> <td > 228.5 </td> </tr> <tr> <td > Exceptional items </td> <td > 0.0 </td> <td > 0.0 </td> <td > 0.0 </td> <td > 0.0 </td> <td > 0.0 </td> </tr> <tr> <td > Net income before exceptional and non-recurring items </td> <td > 191.7 </td> <td > 292.1 </td> <td > 326.6 </td> <td > 154.7 </td> <td > 228.5 </td> </tr> <tr> <td > EPS excluding non-recurring items (US cents/share) </td> <td > 0.64 </td> <td > 0.97 </td> <td > 1.09 </td> <td > 0.51 </td> <td > 0.76 </td> </tr> </tbody> </table> Key Events in Q2 2026 Shareholders approved an interim cash dividend of AED 0.081 per share for H2 2025. The company also announced signing of a 50:50 joint venture agreement with Wanrong New Materials, a subsidiary of Wanhua Chemical Group, to establish a cracker unit and an integrated polyethylene production complex in China's Fujian Province. Additionally, Borouge Group International completed the acquisition of a 90% stake in Borouge PLC through the purchase of ADNOC's 54% stake and Borealis' 36% stake, becoming the company's principal shareholder following the completion of the required regulatory procedures. The UAE firm further announced its readiness to deliver the first shipment of cross-linked polyethylene from the Borouge 4 project during the current quarter. The project will double the company's production capacity to 200,000 tons per year, increase total production capacity by 1.4 million tons, and generate cumulative earnings of AED 1.5 billion over three years after reaching full operations. It also announced an incident at its production facilities in the Ruwais Industrial Area. The incident resulted in damage to certain assets caused by debris following a successful air-defense interception. The company confirmed that no injuries were reported, all resulting fires were fully contained, and production activities were temporarily suspended in the affected areas pending completion of the damage assessment and the necessary repair work. Average estimates Borouge is expected to report a net income of $228.5 million for Q2 2026, a more than 19% increase year-on-year (YoY), according to forecasts by three research firms. Average estimates – USD mln <table border="0" cellpadding="0" cellspacing="3"> <thead> <tr> <th > Research House </th> <th > Forecast (USD Million) </th> </tr> </thead> <tbody> <tr> <td > Goldman Sachs </td> <td > 300.6 </td> </tr> <tr> <td > UBS </td> <td > 241.8 </td> </tr> <tr> <td > First Abu Dhabi Securities </td> <td > 143.0 </td> </tr> <tr> <td > Analyst consensus </td> <td > 228.5 </td> </tr> <tr> <td > Net income before exceptional and non-recurring items (2Q 2025) </td> <td > 191.7 </td> </tr> <tr> <td > Difference (%) </td> <td > +19% </td> </tr> </tbody> </table> Stock performance <table border="0" cellpadding="0" cellspacing="3"> <thead> <tr> <th > Metric </th> <th > Company </th> <th > Market </th> </tr> </thead> <tbody> <tr> <td > Change YTD </td> <td > (8.37%) </td> <td > (1.58%) </td> </tr> <tr> <td > Change over the past 12 months </td> <td > (9.40%) </td> <td > (5.09%) </td> </tr> <tr> <td > Previous close </td> <td > 2.41 </td> <td > 9,834.88 </td> </tr> <tr> <td > Recurring P/E </td> <td > 20.44x </td> <td > 22.48x </td> </tr> <tr> <td > Trailing 12-month EPS excluding non-recurring items (AED/share) </td> <td > 0.118 </td> <td > — </td> </tr> </tbody> </table>

Possibly the same underlying story as ‎PureHealth Q2 2026 earnings forecasts — flagged automatically for review, never merged automatically.

Procurement Relevance Gate

PASS — score 33.3/100 — evaluated 2026-07-31 10:19:26

Passed on: supplier_or_company_impact, capacity_production_disruption, geographic_exposure (score 33.3/100, threshold 20.0).

supplier_or_company_impact (weight 12) — matched on "subsidiary"
capacity_production_disruption (weight 12) — matched on "capacity"
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.

Initial Significance: 3 · Material (44.0/100)
Initial Confidence: 2 · Low (34.0/100)
Data sufficiency Whether enough structured evidence exists to trust this Signal's Initial Confidence reading. 'Sufficient' has no cap; 'Partial' and 'Insufficient' cap Confidence until more evidence is available; 'Not Assessed' means the Signal did not pass the Relevance Gate.: Partial
Strongest contributor: Procurement Impact
Limiting factor: Likely Event Severity

Initial Significance Material (44.0/100). Strongest contributor: Procurement Impact (27.0/30 points). Limiting factor: Likely Event Severity (3.0/30 points). Initial Confidence Low (34.0/100, data sufficiency: Partial). Strongest contributor: Source Authority (20.0/40 points). Limiting factor: Extraction Quality (3.0/15 points).

No likely Event type matched; a low contextual baseline was applied.
Entity Criticality data quality warning: all_linked_entities_data_insufficient.
no matched Event type
no actor entities (only attribution/metadata, if any)
no actor content-derived geography
Entities were mentioned as context or document attribution rather than as actors in the reported development, so they did not increase Initial Confidence.
Geographies were mentioned only in diplomatic reaction, commentary or background context rather than as the actor, event location or affected party in the reported development, so they did not increase Initial Confidence.
Only source-level geography metadata was available.
Source metadata did not contribute to Initial Confidence.
1 distinct hedging pattern(s) matched (capped at 20).

Methodology signal_scoring_v1 — calculated 2026-08-03 16:29:57.

‎Borouge Q2 2026 earnings forecast

Summary

Procurement Relevance Gate

Initial Signal Assessment ⓘMore about Initial Signal AssessmentProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.

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.