1.3 billion dirhams net profits "ADNOC for drilling" During the first quarter of 2025

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Abu Dhabi, May 8/ WAM/ ADNOC Drilling Company announced today that it has achieved strong financial results for the first quarter of the year 2025, which enhances its upward growth path, and reflects the flexibility of its financial performance and paves the way for another year of growth and successes.

The company achieved revenues of 4.30 billion dirhams, an increase of 32% on an annual basis, while profits before interest, taxes, consumption and firefighting amounted to 1.96 billion dirhams, an increase of 22% on an annual basis, and net profits reached 1.30 billion dirhams, an increase of 24% on an annual basis.

It is expected that “ADNOC Drilling” will maintain the momentum of growth in the year 2025 thanks to the support provided by the strong and continuous demand on its services, and the company’s continuous focus on operating excellence and strategic investments in expanding the fleet, integrated services, artificial intelligence, advanced technology and expansion at the international level.

Abdul Rahman Abdullah Al -Saeari, CEO of ADNOC Drilling Company, said that the start of the strong company for the first quarter of the year 2025 reflects the flexibility of its financial performance and paves the way for another year of growth, and confirms that it is steadily progressing towards implementing its strategic priorities, which is to expand its fleet of excavations and the scope of its services to oil fields, and developing its capabilities in the field of artificial intelligence and digital technology.

He added that the company’s obtaining new contracts and expansion in strategic markets contributed to the growth of its business and enhancing its commitment to innovation and raising operational efficiency across all sectors of its business and operations.

He said that “ADNOC for drilling” and thanks to the strong expected flows of revenues, the constant demand for its services, expansion strategies at the international level, and its clear vision of future profits, possesses the capabilities and capabilities necessary to achieve sustainable growth and enhance the value of its shareholders, while emphasizing its commitment to its pioneering role in developing services in local and global energy markets by enhancing innovation and integration of technology Advanced and artificial intelligence solutions.

During their annual meeting held on March 18, 2025, the company agreed to all agenda items, including the final cash dividends for the fiscal year ending December 31, 2024.

The value of the final cash dividends that the shareholders approved was 394 million dollars, “about 9.05 fils per share”, which was paid in April 2025, and thus, the total dividends in 2024 reaches 788 million US dollars “about 18.1 fils per share”, an increase of 10% on an annual basis compared to 2023.

On May 7, 2025, the Board of Directors approved the payment of profit distributions on a quarterly basis. The value of the first -quarter profit distributions of 2025 will reach 217 million US dollars, “i.e. about 5 money per share”, and the distributions are expected to be paid on May 28, 2025 or within days before or after this date for all shareholders registered on May 19, 2025.

The amount of the first quarter distributions of 217 million dollars will be approved as a minimum for the quarterly profit distributions for the next three quarters for the year 2025.

Based on the profit distribution policy, the Board of Directors may approve additional profit distributions that exceed the minimum levels of distributions, after studying growth opportunities with high cash returns.