ADNOC Gas has now declared a record net income of $5.2 billion, which is an increase of 3 percent when compared to 2024, indicating structurally resilient earnings and the capacity to act uniformly across commodity cycles.
The performance of the Company highlighted the effectiveness of the Company’s strategy in the long term, achieving a record full-year performance despite an average Brent crude oil price of $69, a decline of 14 percent year-on-year.
The Company had a high 2025 net income due to the strength of its domestic gas business, whose EBITDA increased by 10 percent on an increase of sales volume by 4 percent year-on-year (YoY) and better commercial terms.
Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas, said, “2025 was a defining year for ADNOC Gas. We delivered record earnings while investing in growth, demonstrating that our business is resilient, scalable, and globally relevant. As demand for reliable delivery of gas continues to expand, ADNOC Gas is strategically positioned to serve both the UAE and international markets with confidence and discipline.”
Moving forward, ADNOC Gas is well-positioned to receive further domestic demand growth beyond 2026, in part due to the strategic investments in infrastructure, such as the ADNOC Estidama gas pipeline project, which will enhance coverage of the Northern Emirates and support the achievement of the long-term goal of the UAE to achieve gas self-sufficiency.
However, the Final Investment Decision (FID) of the phase two and three of the Rich Gas Development (RGD) project is expected to be made in the first quarter of 2026.
This enlargement, which takes advantage of the expansion of the upstream activities of ADNOC, is one of the most important projects to allow ADNOC Gas by 2029 to increase its total capacity by 30 percent.
The global need for gas is increasing, and ADNOC Gas is making some investments with a lot of confidence to ensure that it can cater to the energy security of the UAE and, at the same time, expand its markets abroad.
Net income in Q4 2025 stood at $1.2 billion, even with weaker prices in the export market. ADNOC Gas has recorded a 5 percent rise in sales volumes versus Q4 2024, mainly due to a robust performance of domestic gas, with demand also remaining consistent during the warmer weather patterns in the UAE in the fourth quarter of 2025.
Comprehensively, the domestic Adjusted EBITDA of Q4 2025 increased by 6 percent annually. This has been supported by the fact that the industrial sector is very strong, leading to a 4.8 percent UAE GDP rate of growth in 2025. The capital spending of $3.6 billion rose because some of the largest projects were being implemented in 2025.
ADNOC Gas in 2025 initiated phase one of the RGD project, which expands domestic gas processing capacity and ramps up production of export-traded liquids out of new, richer gas sources, which has moved in line with the strategy of ADNOC Gas.
In line with the completion of IGD E2 during the last quarter of 2025, the project on the ADNOC Estidama gas pipeline is underway as scheduled, to expand the reach of industrial and utility clients in the Northern Emirates.
These projects taken together support the role of ADNOC Gas as a key facilitator of industrial development of the UAE and as a source of long-term energy security.
ADNOC Gas confirms dividend amounts of $3.584 billion, of which the interim cash dividend of $1.792 billion will be paid in September 2025, a quarterly dividend amount of $896 million will be paid in December 2025 and a final dividend amount of $896 million will be paid in April 2026 and is subject to approval at the Annual General Meeting (AGM).
The FY 2025 dividend is consistent with the company’s positive policy to grow the annual dividend by 5 percent per year and shows the good free cash flow of the company, which is more than the compensation of the dividend by over $500 million.
