2.54 billion dirhams net profits "ADNOC for drilling" During the first half

Abu Dhabi, July 30 / WAM / ADNOC Drilling Company announced today its financial results for the second quarter and the first half of the year 2025, achieving a net profit of 2.54 billion dirhams for the first half, a growth of 21% on an annual basis, driven by the fleet expansion, the high rate of hole operation and the growth of oil field services.

The company revealed, in a statement today, the growth of its revenues for the first half of the year by 30% on an annual basis to reach 8.71 billion dirhams, while the profits before deducting interest, taxes, consumption and firefighting amounted to 3.97 billion dirhams, with a growth rate of 19% on an annual basis.

Abdullah Attia Al -Musabi, CEO of ADNOC Drilling Company, said that the standard financial results that were achieved during the first half of the year 2025 reflects the company’s ability to grow and expand and the durability of its business model and its flexibility, stressing their continued to achieve exceptional financial performance levels and provide reliable and high -value returns for the shareholders, and implement the plans studied for regional expansion, by enhancing the benefit from the solutions and tools of intelligence Artificial and advanced technology.

And in detail about the second quarterly profits distributions that have strengthened the attractiveness of the company’s share; The Board of Directors approved the distribution of a quarterly profits of $ 217 million “about 5 money for the share” for the second quarter of 2025, and it is expected to pay these distributions during the second half of August 2025 for all the shareholders registered until the 8th of the same month, which confirms the company’s commitment to provide a fixed and growing return for the shareholders.

“ADNOC Drilling” continues to provide attractive returns and enhance growth opportunities for shareholders by announcing two quarterly distributions of profits during the year 2025, and the announcement of the third distribution was signed later in the same year, which provides clear and growing returns to the shareholders, in line with the policy of upward profit distributions that apply it.

With regard to the growth of sectors during the first half, the revenues of the wild drilling services sector increased by 18% on an annual basis to 3.67 million dirhams, thanks to the operation of new excavations in addition to the revenues of the unconventional drilling that amounted to 290 million dirhams.

The revenues of the marine services sector, “marine drilling and artificial islands”, amounted to 2.46 billion dirhams, driven by the resumption of excavators activity in the islands, and the two new navies will fully contribute to revenues by the third quarter of the year 2025.

For his part, the oil field services sector achieved 2.53 billion dirhams, with a growth of 127% on an annual basis, driven by unconventional excavation revenues that amounted to 973 million dirhams, in addition to increasing the activity of integrated digging services “IDS” and separate additional services.

On joint projects that achieved a strategic value and strengthened innovation and resources, the company clarified that regional expansions in Kuwait and the Sultanate of Oman by signing an agreement to acquire a 70% stake in the Wild drilling of the “SLB” land drilling in the two countries in the two countries, is an important step that enhances the implementation of its plans for growth and established its leading position in the field of digging and integrated services.

After completing it, the deal will provide extensive opportunities for the “ADNOC Drilling” company to achieve profits, cash flows, immediate returns and cumulative growth, through two strings of two pillars in Kuwait and six excavations in the Sultanate of Oman, and both the establishment of the joint project, the completion of the deal, and the acquisition of a 70% stake in the excavation work for the required organizational approvals.

Enerceol has strengthened the investment platform in Energy Technology of ADNOC Drilling Company, the momentum of its successes during the second quarter of 2025, by expanding its operations at the local level and enhancing the use of advanced technology in the energy sector at the level of the UAE, and Enerceol intends to implement its plans aimed at making new acquisition deals, added to four successful acquisitions that have been completed previously, in addition to accelerating Development and equipment of its headquarters in Abu Dhabi.

For its part, during the second quarter, the “Turnuel”, which is affiliated with the excavation and specialized in unconventional drilling, continued to expand its operations in the unconventional energy sources in the UAE, and also succeeded in digging an additional number of highly efficient wells, and completed the drilling of 58 wells out of 144 wells, or an achievement rate of more than 40%, and also completed hydraulic cracking operations for more than 20 wells.

During the year 2025, “ADNOC Drilling” obtained new contracts with a total value of about 17.63 billion dirhams, which makes this period the strongest in the history of the company in terms of the size of the contracting projects that are being implemented, and these contracts, which took place on the “ADNOC drilling” approach aimed at creating and enhancing value and increasing revenues for shareholders, includes integrated drilling services, oil fields services, drilling services, which is what It enhances the clarity of vision of profits until 2040 and beyond.

The company emphasized its re -directives to the medium term by raising the revenues of the fiscal year 2026 to up to 5 billion dollars, and maintaining the traditional profit margin before deducting interest, taxes, consumption and extinguishing at 50% with the traditional drilling margin of 50% and maintaining the margin of oil field services within a scope of 22% – 26% in the medium term.

She also stressed that the net capital rate used from the targeted revenues is approximately 12%, in addition to the range of capital expenditures for maintenance between 200 – 250 million dollars annually “with the exception of capital expenses for organic and non -organic growth”, and raising the number of excavators to more than 151 excavations by the year 2028.

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