ADNOC Drilling Post Revenue of $3.63 Billion

Reinforcing its position as ADNOC’s upstream growth engine and a cornerstone of Abu Dhabi’s long-term energy security, ADNOC Drilling Company on Tuesday reported a revenue of $3.6 billion, up 27% y-o-y, for the first nine months of this year.

Announcing a record financial results for the third quarter and first nine months of 2025, the company said that EBITDA was $1.64 billion, up 15% y-o-y, and a net profit of $1.06 billion (+17% y-o-y).

While free cash flow was $1.2 billion (+174%) and return on Equity (ROE) was 36%, the return on Capital Employed (ROCE) stood at 25%, the company said in a bourse filing with Abu Dhabi Securities Exchange (ADX) THIS MORNING.

Adnoc Drilling CEO Abdulla Ateya Al Messabi said that the record performance in 2025 showcased the strength and resilience of the company’s business model and disciplined execution.

The true story is the transformational growth ahead; as they were scaling unconventionals to a potential of 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.

“These milestones can add billions in new revenue streams, de-risked by our in-house expertise and powered by our ambition to become AI-native. With our enhanced dividend policy targeting at least $6.8 billion through 2030, ADNOC Drilling is setting a new global standard for reliable, growing shareholder returns,” he added.

The third quarter results delivered record profitability and cash generation, driven by strong operational execution, resilient long-term contracts, and accelerated adoption of AI-powered technologies across the fleet.

Dividend

The Board of Directors approved a 3Q 2025 dividend of $250 million, payable in the second half of November 2025 to shareholders of record as of 6 November 2025, reflecting ADNOC Drilling’s commitment to progressive, reliable income for investors.

The company’s enhanced dividend framework, announced at the ADNOC Investor Majlis, which will be presented for approval at the next Annual General Assembly, targets at least $6.8 billion in distributions from 2025 to 2030, providing long-term visibility and confidence for shareholders.

Regional Expansion

The company entered into Kuwait and Oman via the SLB joint venture (SLDC) accelerating GCC growth subject to customary closing conditions, including regulatory approvals. The company also won record contract wins of over $5 billion in new contracts during 9M 2025, extending backlog visibility through 2040 and reinforcing market confidence.

IDS Expansion

ADNOC Drilling plans to expand its fleet to approximately reach 70 IDS rigs, establishing ADNOC Drilling as the world’s foremost integrated drilling services provider. This anticipated milestone reflects the company’s accelerated growth trajectory and its commitment to delivering end-to-end drilling solutions at scale, positioning ADNOC Drilling as a global benchmark in operational excellence and service integration

New offshore island rigs expected between 2029–2030, supporting long-term offshore development and earnings visibility. Together, these initiatives combine near-term record performance with long-term growth, cementing ADNOC Drilling’s status as the region’s premier growth engine.