ADNOC Drilling reported strong financial performance in the first nine months of 2025, achieving record profits and substantial cash flow. The company generated revenues of 13.33 billion dirhams, reflecting a 27% year-on-year increase, while net profit rose to 3.90 billion dirhams, marking a growth rate of 17%, as stated in the financial results released today.
Furthermore, the company’s free cash flow saw significant growth of 174%, reaching 4.41 billion dirhams. This impressive performance can be attributed to improved operational efficiency, flexible long-term contracts, and the accelerated integration of advanced technology solutions and artificial intelligence across the company’s fleet.
Abdullah Al-Mazrui, the CEO of ADNOC Drilling, emphasized that the company’s stellar performance in 2025 highlights the strength and resilience of its business model, along with its steadfast commitment to maintaining the highest standards of efficiency and responsibility in its operations.
He added that based on this performance, the company will continue to pursue its strategy for qualitative growth by expanding the development of unconventional energy sources, enabling it to drill over 300 wells annually and increase its count of integrated drilling service rigs to 70.
Moreover, the company is preparing to initiate new operations in the islands by the end of the current decade, with expectations that these efforts will generate billions of dollars in revenue, diversifying income sources and reducing risk levels. This will leverage the company’s specialized expertise and advanced technology as it seeks to enhance the use of artificial intelligence solutions in its core operations.
By adopting an improved dividend policy, ADNOC Drilling aims to distribute a minimum of 6.8 billion USD by 2030, setting a new global standard for reliable and growing shareholder returns.
The Board of Directors of ADNOC Drilling has approved cash dividends for the third quarter of 2025 amounting to 250 million USD, approximately 5.7 fils per share, which will be paid in the second half of November 2025 to registered shareholders as of November 6 of the same year. This move underscores the company’s commitment to providing reliable and growing income for investors.
The company had previously announced an enhanced dividend framework during the ADNOC Investor Council event, targeting distributions of no less than 6.8 billion USD between 2025 and 2030, reinforcing the company’s clear vision for the future and boosting shareholder confidence. The new dividend framework is set to be presented at the upcoming general assembly for approval.
The onshore drilling services segment experienced a 13% increase in revenue year-on-year, reaching 5.59 billion dirhams, driven by rig operating income and increased contributions from unconventional resources. The offshore services sector, including marine drilling and artificial islands, saw a 3% rise in revenue to 3.82 billion dirhams, attributed to the reactivation of rigs on the islands and the positive impact of offshore rigs that commenced operations at the end of the second quarter of 2025. Additionally, the oilfield services sector achieved a staggering 114% revenue increase year-on-year, totaling 3.93 billion dirhams, supported by a contribution of 1.41 billion dirhams from unconventional resources, along with heightened activity in integrated drilling services and other standalone services.