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Brooge reports 1.4 billion USD Q3 2026 revenue with 76% utilization
The UAE-listed petrochemicals company increased sales volumes 22 percent quarter-on-quarter despite regional disruptions.
Brooge PLC, a UAE-listed petrochemicals company, reported revenues of 5.3 billion AED (1.4 billion USD) for the third quarter of 2026, an increase of 3 percent from the second quarter, according to the company's financial disclosure published 29 October 2026. Sales volumes rose 22 percent quarter-on-quarter, offsetting lower average realized selling prices.
Production utilization climbs to 76 percent in Q3#
Average production utilization reached 76 percent in the third quarter, up from 60 percent in the second quarter, supported by improved feedstock availability. Production volume totaled 0.95 million tonnes in the period. By October 2026, utilization had risen further to 90 percent, the company stated. Assets maintained full technical readiness throughout the quarter, with production constraints attributed to external regional factors.
Adjusted EBITDA reaches 279 million USD#
Adjusted earnings before interest, tax, depreciation and amortization stood at 1.02 billion AED (279 million USD) for the third quarter. Net profit was recorded at 399 million AED (109 million USD). EBITDA margins were affected by lower average realized selling prices, reflecting declines in global polyolefin benchmark prices, alongside higher shipping, logistics and propylene feedstock costs.
Company ships full available output via alternative routes#
Brooge maintained continuity of supply to customers and shipped its entire available production through alternative logistics routes bypassing the Strait of Hormuz during the quarter. Global polyolefin reference prices, including high-density polyethylene and polypropylene raffia prices in northeast Asia on a cost-and-freight basis per CMA data, declined during the period. The company expects the fourth quarter to be the strongest of 2026, supported by higher production volumes and improved pricing, despite continued elevated logistics costs.
CEO statement on Q3 operational performance#
Hazim Sultan Al Suwaidi, chief executive of Brooge PLC, stated that the company increased production and sales volumes while maintaining high asset readiness and ensuring customer supply continuity through alternative logistics routes during the third quarter. The company completed the quarter with strong momentum, entering the fourth quarter with significantly improved feedstock supply, higher production volumes and better pricing, he said in the 29 October disclosure.
Sources1 source across 1 domain
- snabusiness.comSNA BusinessBrooge PLC Q3 2026 revenues of 5.3 billion AED (1.4 billion USD), 3 percent increase quarter-on-quarter, sales volumes up 22 percent, production utilization 76 percent, adjusted EBITDA 1.02 billion AED (279 million USD), net profit 399 million AED (109 million USD), October utilization 90 percent, C
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