26.4 Billion in Distributions
The companies within the ADNOC Group have reported record financial results for the year 2025, highlighting the ongoing momentum of their operations across the integrated value chain. This announcement coincided with the first session of the ADNOC Investors Council held in October 2025, emphasizing the company’s commitment to growth and enhancing shareholder returns.
ADNOC’s six publicly traded companies generated total revenues of 190.1 billion dirhams (51.8 billion dollars), with earnings before interest, taxes, depreciation, and amortization (EBITDA) amounting to 61.3 billion dirhams (16.7 billion dollars). The total net profit reached 35.8 billion dirhams (9.7 billion dollars), reflecting a strong financial performance and disciplined capital management. The listed companies also announced a total dividend distribution of 26.4 billion dirhams (7.2 billion dollars) for 2025, subject to shareholder approval, reinforcing ADNOC’s track record of providing reliable, sustainable, and attractive returns to its investors.
ADNOC Distribution
ADNOC Distribution saw a record performance in 2025, bolstered by strong fuel demand along with retail services not related to fuel. The growth in international operations also contributed significantly, as EBITDA increased by 11.1% year-on-year, reaching 4.3 billion dirhams (1.17 billion dollars), while net profit rose by 15.4% to 2.79 billion dirhams (761 million dollars). Fuel volumes grew by 4.5%, totaling 15.7 billion liters, driven by the expansion of its service station network and increased patronage in its markets across the UAE, Saudi Arabia, and Egypt.
Throughout 2025, the company accelerated the expansion of its service stations, raising the total number to 1,010. The E2GO electric vehicle charging network also expanded rapidly, reaching 402 fast and ultra-fast charging points across the nation, further supporting the UAE’s vision for sustainable mobility and establishing ADNOC Distribution as a leading provider of future mobility solutions and integrated retail.
The company’s board recommended a cash dividend of 1.28 billion dirhams (350 million dollars) for the second half of 2025, bringing the total dividends for the year to 2.57 billion dirhams (700 million dollars), pending shareholder approval.
ADNOC Drilling
ADNOC Drilling announced remarkable results for 2025, a significant achievement reinforcing the company’s progress in expanding its business volume and enhancing operational efficiency by integrating advanced technological solutions and executing with excellence. Revenues reached 18 billion dirhams (4.9 billion dollars) for 2025, a 22% increase year-on-year, driven by heightened activities in traditional drilling and oil field services, along with contributions from unconventional drilling operations, which typically yield higher returns despite lower profit margins. EBITDA rose by 9%, reaching 8.1 billion dirhams (2.2 billion dollars), while net profit climbed by 11% year-on-year to 5.3 billion dirhams (1.5 billion dollars).
The board recommended a dividend payment of 250 million dollars (equivalent to 5.7 fils per share) for the final quarter of 2025, bringing the total dividends for the financial year 2025 to 1 billion dollars.
ADNOC Gas
ADNOC Gas reported a record net income of 19.10 billion dirhams (5.2 billion dollars) for 2025, representing a 3% increase compared to 2024. These results reflect the company’s profit structure’s resilience and its capability to maintain stable profitability through various commodity cycles.
The results underscore the robustness and effectiveness of the company’s long-term strategy, with ADNOC Gas achieving annual record performance despite a decline in the average Brent crude price to 69 dollars, a 14% annual decrease. The substantial net income was mainly driven by strong domestic gas market performance, where EBITDA rose by 10% due to a 4% year-on-year increase in sales volume, coupled with improved profit margins from enhanced contract terms.
ADNOC Gas confirmed dividend distributions of 13.16 billion dirhams (3.58 billion dollars) for the fiscal year 2025, aligning with its policy to increase annual dividends by 5% per share and reflecting strong free cash flow exceeding the company’s dividend commitment by over 1.84 billion dirhams (500 million dollars).
ADNOC Sour Gas
ADNOC Sour Gas reported record results for the year, with revenues increasing by 41% year-on-year to reach 18.4 billion dirhams (5 billion dollars). EBITDA rose by 32% to 5.6 billion dirhams (1.5 billion dollars), and net profit increased by 14% to 3.2 billion dirhams (863 million dollars).
The completion of the acquisition of an 80% stake in Navig8 during the year has bolstered ADNOC Sour Gas’s global presence and expanded its client base, enhancing its integrated logistics service platform with a larger and more diverse fleet.
The board recommended dividends of 298.4 million dirhams for the final quarter of 2025, raising total dividends for 2025 to 1.194 billion dirhams (325 million dollars).
Borouge
Borouge announced exceptional results for the fiscal year 2025, reporting a net profit of 4.04 billion dirhams (1.1 billion dollars) with revenues reaching 21.48 billion dirhams (5.85 billion dollars). This performance was supported by record annual sales volumes of 5.4 million tons. The company maintained a leading profit margin of 37% before interest, taxes, depreciation, and amortization (EBITDA), showcasing robust operational excellence amid market fluctuations compared to 2024. Borouge plans to distribute dividends of 16.2 fils per share for the fiscal year 2025, pending shareholder approval.
Fertiglobe
Fertiglobe achieved strong results for 2025, backed by disciplined execution of its strategic initiatives and favorable market conditions. Revenues rose by 41% year-on-year, reaching 10.35 billion dirhams (2.82 billion dollars), while adjusted EBITDA surged by 57% to 3.74 billion dirhams (1.02 billion dollars). Adjusted net profit reached 1.19 billion dirhams (325 million dollars), marking an 87% year-on-year increase.
This performance reflects the success of implementing the growth strategy for 2030, with 43% of targeted initiatives achieved within less than a year. The company recorded production levels at all-time highs in Algeria and Egypt while progressing in improving manufacturing operations, with 46% completion. Fertiglobe approached the completion of a 55 million dollar cost reduction program with ADNOC’s support. The acquisition of Wingfo Australia expanded its capabilities in the finished products sector, and enhanced ammonia sales strategies in Egypt yielded higher margins alongside ongoing operational efficiency improvements.
The board recommended dividends for the second half of 2025 amounting to 496 million dirhams (135 million dollars), bringing total dividends for the year to 955 million dirhams (260 million dollars), alongside share buybacks valued at 272 million dirhams (74 million dollars) to date, leading to total capital returns to shareholders in 2025 amounting to 1.23 billion dirhams (334 million dollars), achieving a competitive return for shareholders exceeding 5%.