ADNOC Drilling Company has today announced fourth quarter (Q4) and full year (FY) 2025 performance outcomes, record-breaking considering it is a step change in magnitude, technology-enabled performance, and excellence in execution.
The firm has recorded revenue valued at $4.9 billion, up 22 percent year-on-year (YoY); EBITDA was $2.2 billion, an increase of 9 percent YoY; and net profit hit $1.45 billion, a growth of 11 percent YoY.
Free cash flow (excluding M&A) was $1.47 billion (62 percent rise YoY); Return on Equity (ROE) was 35 percent; and the total 2025 dividend was $1 billion.
ADNOC Drilling stated that this performance has been the best in the history of the company, with the heavy utilisation of the assets, and further growth in both integrated drilling and oilfield services (OFS), with the high performance of the operational performance of the fleet.
FY 2025 outcomes brought this momentum into the record profitability and cash generation through the long-term rig utilisation, the long-term contracts, and expedited the introduction of AI-powered technologies across the fleet.
The company reported that the industry-leading ROE, strong free cash flow, and apparent revenue coverage helped ADNOC Drilling to transform scale into shareholder returns, and it aided ADNOC to grow its production capacity via faster delivery of wells, reduced unit costs, and deployment of advanced technologies.
Abdulla Ateya Al Messabi, ADNOC Drilling CEO, added, “2025 was a defining year for ADNOC Drilling. Our record-breaking results were delivered by our people, whose discipline, innovation, and commitment to operational excellence and safety underpin every milestone we achieve. Our resilience as a business, built on strong systems, disciplined operations, and the ability to adapt at pace, continues to reinforce our competitive strength.”
He stated, “Through execution excellence, technology‑led efficiency, and a disciplined approach to capital allocation and operations, we continue our transformation into the region’s most advanced energy services company. By expanding across the GCC, pioneering AI‑driven operations, and setting new benchmarks in sustainability, we are unlocking value and helping power the UAE’s energy future. This is just the beginning of a new era of growth, innovation, and impact.”
The Board of Directors has proposed a dividend payment of $250 million (approximately 5.7 fils per share) in the fourth quarter of 2025, which is likely to be paid in the second half of April 2026.
This, in combination with the previous payment, amounts to a total FY 2025 dividend amount of 1.0 billion, which aligns the company with its progressive dividend policy.
It was indicated that all dividend declarations, the proposed annual dividend floor of 2026, and the planned minimum aggregate dividend distributions of the company of about 6.8 billion between 2025 and 2030 are all subject to shareholder approval at the Annual General Meetings of the company.
For the year 2026, as part of the dividend policy, the company established a floor of annual dividend payment of $1.05 billion, which reflects an annual growth of dividend payment with the help of a high cash generation rate, a strong balance sheet, and a disciplined capital allocation.
