ADNOC Drilling has reported a net profit of 2.54 billion AED for the first half of this year, reflecting a 21% increase compared to the 2.09 billion AED achieved during the same period in 2024. Additionally, revenues surged by 30% year-on-year, reaching 8.71 billion AED, up from 6.7 billion AED in the first half of 2024.
The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) reached 3.97 billion AED, marking a 19% year-over-year growth. The board of directors has approved a dividend distribution of 217 million USD (796.4 million AED) for the second quarter of 2025.
ADNOC Drilling announced that it plans to support robust growth through 2040 and beyond by securing new contracts worth 17.63 billion AED in the first half of 2025 and selectively entering new markets.
In its financial results for the second quarter and first half of 2025, ADNOC Drilling reported record revenues, EBITDA, and net profit, demonstrating sustained momentum in strengthening shareholder returns while continuing regional expansion.
Abdullah Atiyah Al-Masabi, CEO of ADNOC Drilling, stated, “The record financial results we achieved in the first half of 2025 affirm the company’s capacity for growth and expansion, along with the resilience and strength of our business model. We will continue to focus on achieving exceptional financial performance, delivering reliable and high-value returns to our shareholders, and executing our well-considered plans for regional expansion through leveraging AI solutions and advanced technology. With the momentum of our ongoing successes, we are confident in our ability to meet our growth objectives for the year.”
He also added, “ADNOC Drilling has demonstrated its ability to grow across various aspects of the energy markets. Our strong financial performance, supported by significant cash flows, growing profits, and clear future revenues, reinforces our conviction in delivering long-term value to our shareholders.”
The board has sanctioned a quarterly dividend distribution of 217 million USD (approximately 5 fils per share) for the second quarter of 2025, with payments expected to be made in the second half of August 2025 to all registered shareholders as of August 8 of the same year. This underscores the company’s commitment to providing consistent and growing returns to its shareholders.
ADNOC Drilling is set to continue delivering attractive returns and enhancing growth opportunities for shareholders by announcing quarterly dividends throughout 2025, with the third distribution expected to be declared later in the year, aligning with its progressive dividend policy.