Sharjah24 - WAM: ADNOC Drilling Company PJSC on Tuesday reported record financial results for the first nine months (9M) of 2025, with revenue rising 27 percent year-on-year to $3.63 billion and net profit up 17 percent to $1.06 billion. Free cash flow surged 174 percent to $1.2 billion.
The results reflected record levels of profitability and cash generation, fueled by strong operational performance, resilient long-term contracts, and the accelerated adoption of AI-powered technologies across the fleet.
Abdulla Ateya Al Messabi, CEO of ADNOC Drilling, stated, “Our record performance in 2025 highlights the strength and resilience of our business model and disciplined execution.”
He added, “We are scaling up our unconventional operations to a potential of more than 300 wells annually, expanding our Integrated Drilling Services (IDS) fleet to 70 rigs, and preparing for new offshore island operations by the end of the decade.”
Al Messabi emphasized that these milestones could generate billions in new revenue streams, supported by in-house expertise and powered by the company’s ambition to become fully AI-native. “With our enhanced dividend policy targeting at least $6.8 billion through 2030, ADNOC Drilling is setting a new global benchmark for reliable, sustainable shareholder returns,” he said.
The Board of Directors approved a third-quarter 2025 dividend of $250 million (around 5.7 fils per share), payable in the second half of November 2025 to shareholders of record as of November 6, 2025, underscoring ADNOC Drilling’s commitment to delivering steady, progressive income to investors.
The company’s enhanced dividend framework, announced during the ADNOC Investor Majlis and to be presented for approval at the next Annual General Assembly, aims to distribute at least $6.8 billion between 2025 and 2030, providing long-term visibility and confidence for shareholders.
By segment, the onshore division reported revenue of $1.52 billion, up 13 percent year-on-year, supported by increased contributions from the unconventional business. The offshore segment (Jack-up and Islands) recorded $1.04 billion in revenues, a 3 percent rise, driven by the reactivation of island rigs and new jack-ups commencing operations in late Q2 2025.
Meanwhile, oilfield services revenue surged to $1.07 billion, an impressive 114 percent year-on-year increase, boosted by a $385 million contribution from the unconventional segment, expanded IDS activity, and additional discrete services.
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