ADNOC Drilling Reports Strong Financial Performance in First Half of 2025
Abu Dhabi, UAE – ADNOC Drilling Company has announced impressive financial results for the first half of 2025, showcasing a net profit of 2 million, reflecting a remarkable increase of 21 percent compared to the same period last year. This growth can be attributed to several key factors, including an expansion of the company’s fleet, improved rig utilization rates, and a robust performance in its Oilfield Services (OFS) sector.
The company’s revenue soared by 30 percent, reaching .37 billion, while its earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 19 percent, amounting to .08 billion. These figures underscore ADNOC Drilling’s ability to leverage operational efficiency and capitalize on emerging opportunities in the oil and gas sector.
In recognizing this financial success, ADNOC’s Board of Directors has sanctioned a second quarterly dividend for 2025, totaling 7 million, or approximately 5 fils per share. This dividend declaration reaffirms the company’s commitment to providing its shareholders with a reliable and increasing income stream. The dividends are anticipated to be disbursed in the latter half of August to all shareholders of record by August 8, 2025.
This marks the second quarterly dividend announced for the year, with a third expected later in 2025. Through such financial maneuvers, ADNOC Drilling aims to cultivate not just attractive returns but also growth for its shareholders. The company’s progressive dividend policy aligns with its strategy to deliver clear and escalating returns, positioning it favorably within the competitive landscape of the energy sector.
When examining segmental performance during the first half of 2025, the onshore revenue grew substantially by 18 percent year-on-year, totaling .0 billion. This uplift is greatly supported by the introduction of new rigs into operation and an additional million contribution from their unconventional business activities.
Conversely, the offshore segment, which includes jack-up rigs and island facilities, experienced a modest rise in revenues, inching up by 1 percent year-on-year to 1 million. This growth was primarily driven by the reactivation of island rigs, which signifies a strategic enhancement of operational capabilities. Moreover, the contribution from two new jack-up rigs, previously announced, is projected to bolster revenues further commencing in the third quarter of this year.
A noteworthy highlight from the financial report is the astounding 127 percent year-on-year increase in revenues from the Oilfield Services segment, which surged to 9 million. This exceptional growth can be linked to 5 million attributed to the unconventional business sector, in addition to enhanced integrated drilling services (IDS) activity and an increase in discrete service offerings. Such a performance not only exemplifies ADNOC Drilling’s agility in adapting to market demands but also its strategic focus on diversifying its service portfolio.
Abdulla Ateya Al Messabi, the CEO of ADNOC Drilling, commented, “Our record first half 2025 results once again demonstrate the strength, resilience, and scalability of ADNOC Drilling.” Al Messabi’s statement reflects the company’s confidence in its operational strategies and its continued pursuit of excellence in delivering value to stakeholders in an evolving energy landscape.
As oil and gas markets continue to fluctuate due to global economic dynamics and the ongoing transition towards sustainable energy sources, the robust performance of ADNOC Drilling signals a positive outlook for not only the company but also the broader industry in the UAE. It highlights the importance of strategic investments and operational efficiency that can yield tangible results amid the challenges posed by market volatility.
In conclusion, ADNOC Drilling’s exceptional financial performance in the first half of 2025 serves as a testament to its effective strategies in fleet expansion, service diversification, and operational resilience. As the company continues to adapt to the demands of a rapidly changing energy landscape, shareholders can remain optimistic about the prospects of continued growth and rewarding returns.
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