4.7 billion dirhams net income "ADNOC Gas" During the first quarter

Abu Dhabi, May 5/ WAM/ ADNOC Gas BLC announced today, a net income of 4.7 billion dirhams (1.27 billion dollars) and profits before deducting interest, taxes, depreciation and consumption amounted to 7.9 billion dirhams (2.16 billion dollars) for the first quarter of 2025, exceeding what it achieved during the first quarter of 2024 by 7% and 4%, respectively.

The strong performance of the company is driven by the continuous increase in domestic demand for gas, which recorded an increase compared to the first quarter of last year as a result of the strong economic growth in the UAE, which contributed to the rise in the total volume of sales, in addition to the company’s implementation of an effective program to conduct periodic maintenance work in factories according to prior plans with the aim of enhancing the company’s ability in the field of gas treatment, which contributed to reducing the days of stopping operations in the company’s facilities and increasing The quantities of treated gas.

On the occasion, Fatima Al -Nuaimi, CEO of ADNOC Gas Company, said that these results announced today confirm the “ADNOC Gas”s continued” in achieving a distinguished performance during the first quarter of the year exceeding the market expectations, thanks to its flexible business model despite the market fluctuations that are witnessing a decrease in prices.

She explained that these results are based on the company’s conclusion of a number of successful gas supply agreements, and their application of an effective program to conduct periodic maintenance work in factories according to prior plans, which aims to contribute to advancing the company’s sustainable growth.

She added that, given the future, “ADNOC Gas” seeks to take advantage of the power of the company’s public budget to implement investments in all areas of gas in its endeavor to achieve its goal of increasing profits before deducting interest, taxes, depreciation and consumption by more than 40% during the period between 2023 and 2029.

During the first quarter of this year, ADNOC Gas signed a number of agreements to supply LNG medium and long -term with a value of 9 billion dollars, with a group of companies, including the Indian Oil Corporation Ltd. and Japan’s Japanese Global Markets Company, which establishes its leading position as a reliable, low -emotional energy supplier.

These agreements support the company’s continuous efforts to expand its international customer base and contribute to enabling the transition in the global energy sector.

The results of the first quarter witnessed an increase in capital expenses by 43% on an annual basis, as “ADNOC Gas” continued to implement the necessary investments in all areas of gas to develop and develop its business and achieve its goal of increasing profits before deducting interest, taxes, depreciation and consumption in the long run.

“ADNOC Gas” continues to take a steady pace in the implementation of its projects, as the company expects to take the final investment decision for the “rich gas development project” in 2025.

It is noteworthy that “ADNOC Gas” has become eligible for the potential listing in the “Morgan Stanley Capital International Emerging Markets” index (MSCI), and the “Finashal Times for Securities” index (FTSE), and is expected to be implemented on an early date of June and September of this year, as a result of the success of the marketed offering recently completed for my 3.1 billion ordinary shares of their shares, which led to an increase in free trading on the company’s shares by 4% to 9%.

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