65 Days
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الاقتصادية
Baraq International earns 763M in Q2 2026
Brotj International Group achieved strong financial results in the second quarter of the same year, following its establishment in March 2026 after the merger of Brooj PLC and Borialis and its acquisition of Nova Chemicals. This was its first standalone quarterly report. The group recorded a net profit of 2.802 billion dirhams (763 million USD), while revenues rose to 20.228 billion dirhams (5.51 billion USD). The results showed that adjusted EBITDA before interest, taxes, depreciation, and amortization reached 6.684 billion dirhams (1.82 billion USD), with an operating margin of 33%. The company also benefited from a 50% increase in polyolefin prices during the quarter, driven by supply shortages resulting from regional developments in the Middle East, despite increasing costs and market pressures. The company confirmed that the mergers led to operational savings and projected annual savings of more than 1.8 billion dirhams (500 million USD), with efforts underway to further integrate operations and improve efficiency. The group's expansion into regional markets aims to strengthen its government position in the polyolefin sector, maintaining strong results despite global challenges.
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