ADNOC Gas has reported a net income of 5.09 billion dirhams (approximately 1.385 billion dollars) for the second quarter of 2025, reflecting a 16% increase compared to the same period in 2024. Furthermore, earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 8% year-on-year, reaching 8.29 billion dirhams (about 2.256 billion dollars).
For the first half of this year, the net profit totaled 9.74 billion dirhams (2.655 billion dollars), marking a 12% growth from 8.7 billion dirhams (2.377 billion dollars) in the first half of 2024.
The company’s revenues during the first half of this year amounted to 44.36 billion dirhams (12.087 billion dollars), slightly up from 44.25 billion dirhams (12.059 billion dollars) in the previous year.
ADNOC Gas’s board of directors has approved an interim dividend distribution of 6.581 billion dirhams (1.792 billion dollars), which is set to be disbursed in September.
The company continues to provide its services and meet the needs of local customers through long-term contracts, which offer competitive pricing and improved profit margins.
ADNOC Gas has successfully capitalized on commercial opportunities to sell additional quantities of liquefied natural gas (LNG) at favorable prices in the local market or through exports. The second quarter performance was strong across its product portfolio, especially in domestic gas sales, reaffirming the company’s flexibility, product diversity, and ability to adapt to changing energy prices.
In addition, the board approved an interim dividend distribution of 6.581 billion dirhams (1.792 billion dollars) for disbursement in September.
Fatima Al Nuaimi, CEO of ADNOC Gas, expressed: “I am pleased to announce that ADNOC Gas has achieved the highest net income in the company’s history during the second quarter of this year, driven by robust performance in local gas sales and ongoing improvements in operational efficiency. This performance confirms our continuous progress towards our goal of increasing EBITDA by over 40% by 2029, in line with the updated strategy announced last November. With strong cash flows and stable profit margins, ADNOC Gas continues to reinforce its position for long-term growth and provide attractive returns, supported by the resilience of its business model.”
Furthermore, ADNOC Gas has increased its capital expenditures by 49% year-on-year during the first half of 2025 and has made significant progress in implementing its strategic initiatives, including making a final investment decision and awarding contracts worth 18.36 billion dirhams (5 billion dollars) for the first phase of the rich gas development project. This raises the total capital commitments to 73.45 billion dirhams (20 billion dollars).
In the near to medium term, ADNOC Gas plans to implement several strategic projects, including the second phase of the Integrated Gas Development Expansion (IGDE-2) and the strategic Meram expansion project to accelerate ethane recovery and liquefaction, as well as final investment decisions for the remaining two phases of the rich gas development project.
The company is also pursuing various growth projects, including the LNG project in Ruwais, aiming to enhance its share in the growing LNG market. This essential resource is increasingly adding value to the company’s product portfolio, while growth initiatives will bolster ADNOC Gas’s product offerings, providing additional revenue sources and improved profit margins.
Recently, ADNOC Gas experienced substantial net capital inflows amounting to 1.836 billion dirhams (500 million dollars) following its inclusion in the MSCI Emerging Markets Index in June. The company is actively working towards joining the Financial Times Stock Exchange (FTSE) index, with expectations for its inclusion in September of this year. This listing is anticipated to attract additional cash inflows exceeding 735 million dirhams (200 million dollars), further enhancing the company’s global investment appeal, supporting the diversification of its investor base, and increasing liquidity and trading volumes of its shares.
ADNOC Gas is also advancing its use of cutting-edge artificial intelligence tools and solutions by introducing MEERAi, a new AI tool, during the latest board meeting. MEERAi represents the latest addition to the AI agents implemented across ADNOC’s value chain, specifically developed to support executive management by delivering instant, data-driven insights that enable the board to make informed decisions more quickly and accurately.