According to the Public Relations Department of Nouri Petrochemical Company, the company’s Extraordinary General Assembly was held on Wednesday, July 30, 2025, with over 85% of shareholders, as well as representatives of the Securities and Exchange Organization, the independent auditor, the statutory inspector, and senior company executives in attendance at the International Conference Center of the Research Institute of Petroleum Industry.
During the meeting, the financial statements for the fiscal year ending March 19, 2025, were approved. Based on the decision of the shareholders, a cash dividend of 3,400 rials per share was authorized. In addition, 1.9 trillion rials were allocated to corporate social responsibility (CSR) programs.
CEO Gholamreza Jamshidi presented a detailed report outlining the company’s financial, operational, and development project performance during the past year. He highlighted that Nouri exceeded 108% of its nameplate capacity, surpassing both its eight-year average of 102% and the industry average of 85%.
He added that Nouri’s strategic focus on shareholder value, product diversification, and value chain integration led to the acquisition of Hengam, Hormoz, and part of Arvand Petrochemical Companies. These moves, Jamshidi stated, are expected to generate substantial returns in the near future.
Jamshidi shared updates on the company's key development projects:
- The Hengam Petrochemical Unit is expected to be relocated and launched by September–October 2025.
- Preparations for Phase II of the startup have begun by transporting materials from Shiraz Petrochemical.
- The sweetening unit is also set to become operational within the same timeframe. To accelerate progress, a night shift has been added to the construction schedule.
In terms of investments, he estimated the asset value of Hengam Petrochemical at over 800 trillion rials, with Nouri’s stake accounting for 200 trillion rials. Currently, Nouri holds 67% of Hormoz Petrochemical, of which 27% is planned to be transferred to another company within the Persian Gulf Holding Group.
The CEO acknowledged feedstock quality as a persistent challenge. He noted that pressure drop in South Pars fields has affected the quality, and although the compressor project initiated by the Ministry of Petroleum may not directly involve Nouri, it will help improve feedstock. Meanwhile, Nouri's technical teams have proactively implemented sulfur control systems and upgraded equipment at Phases 2 and 3 refineries to enhance input quality.
Jamshidi also announced the addition of three new feedstock types to Nouri’s portfolio, with more details to be revealed soon.
Nouri’s CEO reported the following financial achievements for FY 1403 (2024–2025):
- Total production: 4,836,161 tons (11% year-on-year growth)
- Gross profit: 41 trillion toman (up 42%)
- Operating profit: 31 trillion toman
- Net profit: 25.4 trillion toman
- Foreign currency earnings: Over $460 million, exceeding the company’s six-year average
Jamshidi stated that the company reached 116% of nameplate capacity in the first four months of the current fiscal year and recorded a 46% increase in sales compared to the same period last year. He also emphasized the company’s focus on expanding domestic and international markets through product diversification and supply chain integration.
The Audit Organization of Iran was reappointed as the independent auditor and statutory inspector for FY 1404 (2025–2026). The newspapers Donya-e-Eqtesad and Iran were designated as official publications for company notices.