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ADNOC Drilling’s regional expansion drives $1bn net profits in 9M-25

ADNOC Drilling’s regional expansion drives $1bn net profits in 9M-25
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ADNOC Drilling
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Abu Dhabi – Mubasher: ADNOC Drilling Company logged net profits valued at $1.06 billion in the first nine months (9M) of 2025, higher by 17% than $904.50 million.

The group’s revenues climbed by 27% to $3.62 billion at the end of September 2025 from $2.84 billion in the year-ago period, according to the financial statements.

Basic and diluted earnings per share (EPS) hit $0.06 in 9M-25, up 17% year-on-year (YoY) from $0.05

Quarterly Financials

In the third quarter (Q3) of 2025, ADNOC Drilling posted 10% higher net profits at $368.18 million, compared to $334.18 million in Q3-24. The EPS edged up to $0.023 from $0.020.

During the three-month period that ended on 30 September 2025, the revenues increased by 23% YoY to $1.25 billion from $1.02 billion.

Dividends

The board members greenlighted cash dividends of $250 million (approximately 5.7 fils per share) for Q3-25, payable in the second half of November 2025.

The company’s enhanced dividend framework targets at least $6.80 billion in distributions from 2025 to 2030, providing long-term visibility and confidence for shareholders.

Abdulla Ateya Al Messabi, CEO of ADNOC Drilling, said: “The true story is the transformational growth ahead; we are 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 AInative,” Al Messabi mentioned.

He added: “With our enhanced dividend policy targeting at least $6.80 billion through 2030, ADNOC Drilling is setting a new global standard for reliable, growing shareholder returns.”