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(WO) – ADNOC Drilling Firm PJSC reported report monetary efficiency for the third quarter and first 9 months of 2025, underscoring its function as ADNOC’s upstream development engine and a key contributor to Abu Dhabi’s long-term vitality technique. The corporate delivered double-digit development throughout all key metrics, upgraded its 2025 steering, and introduced a brand new dividend framework by means of 2030.
For the primary 9 months of 2025, income rose 27% year-on-year to $3.63 billion, pushed by strong onshore, offshore, and oilfield companies exercise. Internet revenue climbed 17% to $1.06 billion, whereas free money circulation surged 174% to $1.2 billion, reflecting disciplined capital administration and improved operational effectivity.
The corporate’s EBITDA reached $1.64 billion, up 15% year-on-year, with a return on fairness of 36% and return on capital employed of 25%.
The Board of Administrators authorised a $250 million third-quarter dividend, payable in November 2025, and endorsed an enhanced dividend framework concentrating on a minimum of $6.8 billion in cumulative shareholder distributions by means of 2030. This coverage, which can be offered for approval on the subsequent annual assembly, goals for a 27% uplift in 2025 and a minimal 5% annual improve thereafter.
Phase efficiency mirrored broad-based development. Onshore income rose 13% to $1.52 billion on larger rig utilization and expanded unconventional drilling. Offshore income climbed to $1.04 billion, supported by the reactivation of island rigs and new jack-ups coming into service. Oilfield Companies income greater than doubled to $1.07 billion, bolstered by a $385 million contribution from unconventional exercise and expanded Built-in Drilling Companies (IDS) operations.
Wanting forward, ADNOC Drilling upgraded its full-year steering and outlined a strategic roadmap for transformational development. The corporate expects FY 2026 income of round $5 billion, sustaining robust EBITDA margins and concentrating on a fleet of 151 rigs by 2028, together with 70 IDS rigs by 2026. CEO Abdulla Ateya Al Messabi mentioned the corporate is “scaling unconventionals to greater than 300 wells yearly, increasing IDS capabilities, and getting ready for brand spanking new offshore island operations—all powered by AI-native techniques and disciplined execution.”
The corporate additionally highlighted ongoing regional growth by means of its SLB three way partnership in Kuwait and Oman, new digital platforms resembling Enersol and Turnwell, and over $5 billion in new contract wins throughout 2025. Collectively, these initiatives reinforce ADNOC Drilling’s long-term development trajectory and its place because the area’s premier built-in drilling and vitality companies supplier.
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