ADNOC Drilling Achieves 17% Net Profit Growth To USD 1.06 Billion In First Nine Months Of 2025

ADNOC Drilling Company PJSC announced impressive financial results for the first nine months of 2025. Revenue increased by 27% to $3.63 billion, while net profit rose by 17% to $1.06 billion. Free cash flow also saw a significant rise, jumping 174% to reach $1.2 billion. These figures highlight the company's strong operational performance and strategic use of AI technologies.

The Board of Directors has approved a third-quarter dividend of $250 million, equating to approximately 5.7 fils per share. This will be distributed in the latter half of November 2025 to shareholders recorded as of 6th November 2025. This decision underscores ADNOC Drilling's dedication to providing consistent income for its investors.

CEO Abdulla Ateya Al Messabi stated, "Our record performance in 2025 showcases the strength and resilience of our business model and disciplined execution." The company is scaling its unconventional operations with a target of over 300 wells annually. It is also expanding its Integrated Drilling Services (IDS) fleet to include 70 rigs and preparing for new offshore island operations by the decade's end.

The onshore division reported revenue growth of 13%, reaching $1.52 billion, supported by increased contributions from unconventional businesses. Meanwhile, the offshore segment, including Jack-up and Islands operations, generated $1.04 billion in revenue, marking a 3% increase due to reactivated island rigs and new jack-up operations starting at the end of Q2 2025.

Al Messabi highlighted that these achievements could generate billions in new revenue streams, supported by in-house expertise and a goal to become AI-native. He added, "With our enhanced dividend policy targeting at least $6.8 billion through 2030, ADNOC Drilling is setting a new global standard for reliable, growing shareholder returns."

The oilfield services segment saw remarkable growth with revenues reaching $1.07 billion, up by an impressive 114%. This was driven by a $385 million contribution from unconventional business activities, increased IDS activity, and additional discrete services.

ADNOC Drilling's updated dividend framework was introduced at the ADNOC Investor Majlis and will be presented for approval at the next Annual General Assembly. It aims for distributions totaling at least $6.8 billion from 2025 to 2030, offering shareholders long-term visibility and confidence.

This financial success reflects ADNOC Drilling’s robust business model and strategic initiatives aimed at sustainable growth and shareholder value enhancement.

With inputs from WAM