3.9 billion dirhams net profits "ADNOC Drilling" Within 9 months, a growth of 17%
Abu Dhabi, 28 October / WAM / ADNOC Drilling recorded a strong financial performance during the first nine months of 2025, as it achieved record profits and large cash flows. Revenues reached 13.33 billion dirhams, an increase of 27% on an annual basis, and net profit rose to 3.90 billion dirhams, a growth of 17%, according to the financial results issued by the company today.
The company’s free cash flows also recorded a remarkable growth of 174% to reach 4.41 billion dirhams. This strong performance is due to improved operational processes, flexible long-term contracts, and accelerating the integration of advanced technology and artificial intelligence solutions and tools across the company’s fleet.
Abdullah Attiya Al Musabi, CEO of ADNOC Drilling, said that the company’s record performance during the year 2025 confirms the strength and durability of its business model, and its firm commitment to applying the highest standards of efficiency and responsibility in implementing its operations.
He added that based on this performance, the company continues to make progress in implementing its qualitative growth strategy by expanding the development of non-conventional energy sources, enabling it to drill more than 300 wells annually, and raising the number of rigs in the integrated drilling services sector to 70 rigs.
He explained that the company is preparing to launch new operations on the islands by the end of the current decade, and expects that these achievements will contribute to achieving billions of dollars in revenues, by diversifying sources of income and reducing levels of risks, benefiting from the company’s specialized expertise and advanced technology as part of the company’s endeavor to enhance its use of artificial intelligence solutions and tools at the core of its operations.
He added that by adopting an improved dividend policy, targeting the distribution of at least US$6.8 billion until 2030, ADNOC Drilling is setting a new global standard for reliable and growing shareholder returns.
The ADNOC Drilling Board of Directors approved cash dividends for the third quarter of 2025 worth $250 million, “about 5.7 fils per share,” to be paid during the second half of November 2025 to shareholders registered until November 6 of the same year, in a step that confirms the company’s commitment to providing reliable and growing income to investors.
During the ADNOC Investors Council event, the company announced an improved framework for dividends, targeting distributions of no less than $6.8 billion between 2025 and 2030, which confirms the clarity of the company’s future vision and enhances shareholders’ confidence in it. The new dividend framework is scheduled to be presented to the next General Assembly meeting for approval.
The land drilling services sector achieved a 13% increase in revenues on an annual basis, reaching 5.59 billion dirhams. This growth was driven by revenues from operating rigs and an increase in the contribution of the unconventional sources sector.
The marine services sector (offshore drilling and artificial islands) also achieved an increase in revenues by 3% on an annual basis to reach 3.82 billion dirhams. This growth is due to the restarting of rigs on the islands, in addition to the positive impact of the offshore rigs that began operations at the end of the second quarter of 2025. While the oil field services sector achieved an increase in revenues by 114% on an annual basis to reach 3.93 billion dirhams. Driven by a contribution of AED 1.41 billion from the unconventional resources sector, as well as increased activity in integrated drilling services and other discrete services.
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