The Abu Dhabi Financial Market-listed companies of the “ADNOC Group” reported a remarkable net profit surpassing AED 9.43 billion (approximately $2.67 billion) for the third quarter of 2025, showcasing their sustained strong financial performance for the first nine months of the year.
This impressive outcome can be attributed to the ongoing implementation of their strategies, operational excellence, and a steadfast commitment to delivering long-term value to shareholders. These results underscore ADNOC’s effective integrated approach to achieving growth across its energy and industrial platforms, highlighting the resilience of its business models and their ability to generate strong returns despite fluctuating market conditions.
Specifically, “ADNOC Distribution” achieved record results in the third quarter and the first nine months of 2025, with earnings before interest, taxes, depreciation, and amortization (EBITDA) rising by 15.9% year-on-year in the third quarter to AED 1.17 billion ($319 million). The net profit increased by 21.5%, reaching AED 811 million ($221 million).
For the nine-month period, EBITDA totaled AED 3.25 billion ($885 million), reflecting a 12.0% increase, while net profit rose by 15.6% to AED 2.13 billion ($579 million), spurred by increased fuel sales and continuous growth in the non-fuel retail sector. Following the addition of 85 new stations, the company has raised its target for 2025 to 90-100 stations, thanks to significant expansion in Saudi Arabia.
“ADNOC Drilling” also posted outstanding results for the first nine months of 2025, achieving a 27% rise in revenue to AED 13.33 billion ($3.63 billion), while net profit rose by 17% to AED 3.90 billion ($1.06 billion). Cash flow surged by 174%, reaching AED 4.41 billion ($1.2 billion).
The company’s board of directors approved a cash dividend for the third quarter of 2025 amounting to $250 million and announced an enhanced dividend policy targeting distributions of $6.8 billion through 2030, reflecting the company’s commitment to enhancing shareholder value over the long term.
In addition, “Borouge” recorded a 52% increase in net profit for the third quarter of 2025 compared to the previous quarter, reaching AED 1.08 billion ($295 million), driven by record production levels, robust sales, and effective cost management.
Adjusted earnings reached AED 2.07 billion ($565 million) before interest, tax, depreciation, and amortization, with leading profit margins of 39%. The company also confirmed its intention to distribute dividends for the fiscal year 2025 amounting to 16.2 fils per share, with second-half dividends expected to be paid in April 2026.
“Fertiglobe” demonstrated strong performance in the third quarter of 2025, with a 53% year-on-year increase in revenue, totaling AED 2.784 billion ($758 million). Adjusted EBITDA surged by 69% year-on-year to AED 1.050 billion ($286 million), driven by manufacturing efficiency, higher urea prices, and commercial improvements.
The reported adjusted net profit reached AED 492 million ($134 million), while the declared net profit amounted to AED 863 million ($235 million) due to one-off tax gains in Egypt.
“ADNOC Gas” recorded a net income of AED 4.9 billion ($1.34 billion) during the third quarter of 2025, reflecting an 8% increase compared to the same period last year. The EBITDA from local gas operations was AED 3.4 billion ($914 million), up 26% year-on-year, driven by strong domestic demand and improved core profit margins.
Quarterly revenues reached AED 21.8 billion ($5.93 billion), slightly down from the third quarter of 2024 due to declining global prices; however, the net income from the start of the year increased by 10% to AED 14.7 billion ($3.99 billion), underscoring the company’s performance resilience and cost management discipline.
“ADNOC Logistics and Services” achieved record financial results during the first nine months of 2025, with revenues increasing by 39% year-on-year to AED 13.6 billion ($3.7 billion). EBITDA grew by 30%, reaching AED 4.1 billion ($1.1 billion), while net profit stood at AED 2.3 billion ($631 million).
In the third quarter, net profit rose by 20% year-on-year to AED 773 million ($211 million), and annual dividends for 2025 are expected to increase by approximately 20%, reaching AED 1.194 billion ($325 million), with a quarterly distribution plan and a 5% annual growth target through 2030.
Notably, the company has been selected to join the MSCI Emerging Markets Index, with this listing anticipated to attract cash flows exceeding AED 734 million ($200 million) starting from November 25, 2025.