ADNOC Gas Net Income Reach $1.385 Billion in Q2

ADNOC Gas, a world-class integrated gas processing and sales company, on Wednesday said that its net income rose 16% y-o-y to reach $1.385 billion and EBITDA increasing by 8% y-o-y to $2.256 billion during the second quarter of this year.

Announcing the financial results for Q2 2025 in a bourse filing with Abu Dhabi Securities Exchange (ADX) this morning, ADNOC Gas said that the quarter saw a strong performance across ADNOC Gas’ product portfolio, especially in the local gas market. The company serves local customers under long-term contracts with competitive prices and improved underlying margins.

 ADNOC Gas also capitalised on opportunities to sell additional volumes at favourable prices, in the local gas market and in the export market as Liquified Natural Gas (LNG). The Q2 results show that the Company’s product portfolio is resilient to oil price volatility.

The Board of Directors approved an interim dividend of $1.792 billion, up 5% y-o-y, scheduled for distribution in September.

ADNOC Gas CEO Fatema Al Nuaimi said that the company has reported highest quarterly net income in its history, fuelled by the strong local market business and improved operational efficiency. This performance shows that the company is well on its way to achieving over 40% EBITDA growth between 2023 and 2029.

“With healthy cashflows and robust margins, we remain well-positioned for long-term growth, and our resilient business model continues to deliver strong returns,” she added.

In the first half of 2025, ADNOC Gas increased Capex by 49% y-o-y and made significant progress with its strategic initiatives, including the $5 billion Final Investment Decision on the first phase of its Rich Gas Development project (RGD), which takes the committed Capex to $20 billion.

In the near and medium term, the company expects to deliver the Integrated Gas Development Expansion – Phase 2 (IGDE-2), Maximising Ethane Recovery and Monetisation (MERAM), and to take the investment decision on the remaining two phases of the RGD project.

Furthermore, ADNOC Gas is progressing other growth projects, like the Ruwais LNG project to capture an increasing share of the LNG market. LNG is a valuable and growing part of the company’s product portfolio.

On Track to Join FTSE Index

Following its inclusion in the MSCI Emerging Markets Index in June 2025, ADNOC Gas experienced a significant net capital inflow of approximately $500 million.

The company is now on course to join the FTSE Index in September 2025, with market estimates of added inflows of over $200 million, further elevating its global investment profile and diversifying its investor base, thereby significantly enhancing liquidity and trading volumes.

ADNOC Gas continued its AI journey with the roll out of MEERAi at its most recent Board of Directors meeting. MEERAi is the latest addition to the suite of AI Agents being deployed across ADNOC’s value chain. Purpose-built for leadership use, MEERAi delivers real-time data-driven insights that enable the board of directors to make faster, more informed decisions.