Seoul: ADNOC Drilling Company PJSC announced robust financial results for the first nine months of 2025, reporting a 17% increase in net profit to $1.06 billion. The company’s revenue climbed 27% year-on-year to $3.63 billion, and free cash flow surged 174% to $1.2 billion.
According to Emirates News Agency, the record profitability and cash generation were driven by strong operational execution, resilient long-term contracts, and the accelerated adoption of AI-powered technologies across the fleet. Abdulla Ateya Al Messabi, CEO of ADNOC Drilling, emphasized the strength and resilience of the business model and the disciplined execution behind the company’s performance.
Al Messabi highlighted the company’s strategic focus on scaling unconventional operations to a potential of over 300 wells annually and expanding the Integrated Drilling Services (IDS) fleet to 70 rigs. He also mentioned preparations for new offshore island operations by the end of the decade, which could add significant new revenue streams. The company aims to become AI-native, with an enhanced dividend policy targeting at least $6.8 billion through 2030.
The Board of Directors has approved a third-quarter 2025 dividend of $250 million, approximately 5.7 fils per share, payable in the second half of November 2025 to shareholders of record as of 6th November 2025. This decision underscores ADNOC Drilling’s commitment to providing progressive, reliable income for investors.
The company’s enhanced dividend framework, announced at the ADNOC Investor Majlis, is set to be presented for approval at the next Annual General Assembly. It aims to distribute at least $6.8 billion from 2025 to 2030, offering long-term visibility and confidence for shareholders.
In terms of segment performance, the onshore division posted revenue of $1.52 billion, reflecting a 13% increase year-on-year, with a higher contribution from the unconventional business. The offshore (Jack-up and Islands) business generated $1.04 billion in revenues, marking a 3% increase due to the reactivation of island rigs and the positive impact from jack-ups beginning operations at the end of the second quarter of 2025. Oilfield services revenue reached $1.07 billion, up 114% year-on-year, driven by a $385 million contribution from the unconventional business, increased IDS activity, and additional discrete services.