Group 1: Financial Performance - Borouge's Q2 2025 revenue reached $1.305 billion, exceeding market expectations of $1.214 billion[2] - The EBITDA margin for Q2 2025 was 34%, down from 41% in Q2 2024 and below the expected 37%[2] - Net profit for Q2 2025 was $192 million, lower than the consensus estimate of $199 million[6] Group 2: Dividend and Guidance - Borouge announced an interim dividend of 8.1 fils per share, consistent with previous guidance of 16.2 fils per share for FY 2025[1] - The company reaffirmed its dividend policy, committing to distribute $1.3 billion in dividends for FY 2025 until the completion of the Borouge Group International transaction[4] Group 3: Strategic Developments - ADNOC Group and OMV proposed a strategic merger of Borouge and Borealis, aiming for a combined nominal capacity of 13.6 million tons per year[3] - The new entity is expected to achieve approximately $7 billion in EBITDA over its lifecycle, with annual synergies of $500 million[3] Group 4: Market Position and Risks - Borouge maintains a cost leadership position in the global petrochemical industry, primarily due to the use of low-cost natural gas liquids[4] - Key risks include declining demand for petrochemical products, narrowing price spreads, and project execution risks[4]