The companies listed under the ADNOC Group have posted record financial performance in the entire year 2025 as a clear indication of sustained momentum across the Group’s integrated value chain and indicate further delivery on the growth and shareholder value commitment that the Company had given during the first Investor Majlis, which was held in October 2025.
The total revenues and EBITDA reported by the six companies were AED190.1 billion (US$51.8 billion) and AED61.3 billion (US$16.7 billion), respectively, which is an indicator of strong market operation and capital management.
The company declared and proposed dividends amounting to AED26.4 billion (US$7.2 billion) for 2025, which is subject to shareholder permissions, reinforcing their track record of delivering reliable, sustainable, and attractive returns to shareholders.
ADNOC Distribution recorded the best full-year results in its history in 2025, and this was facilitated by the high fuel volumes, the non-fuel retail expansion that was going on, and the increasing international expansion.
EBITDA growth was 11.1 percent on a year-on-year basis to AED4.3 billion (US$1.17 billion), and the net profit improved 15.4 percent to AED2.79 billion (US$761 million).
Fuel volumes increased by 4.5 percent to 15.7 billion litres due to network expansion and increased foot traffic in the UAE, Saudi Arabia, and Egypt.
The company launched 1,010 service stations in 2025 and grew its EV charging infrastructure to 402 fast and super-fast charging points around the UAE, supporting its plan to establish itself as a leading mobility and convenience retailer in line with the electrification agenda in the UAE.
The Board suggested a second half 2025 dividend of AED1.28 billion (US$350 million), which would take the total dividends in the year to AED2.57 billion (US$700 million), which would be subject to shareholder approval.
ADNOC Drilling achieved record full-year 2025 results and implemented a step change in magnitude, scale, technology-enhanced performance, and quality of execution.
Therefore, the revenue recorded AED18 billion (US$4,903 million) for the full year 2025, increasing 22 percent year-on-year. The revenue growth was bolstered by the greater activity in the conventional oil drilling, oilfield services, and also by the contribution of unconventional oil.
EBITDA expanded 9 percent to AED8.1 billion (US$2,198 million) and net profit increased 11 percent year-on-year, reaching AED5.3 billion (US$1,449 million).
The Board of Directors suggested a Q4 2025 dividend of US$250 million, together with the prior payments, which brings overall FY 2025 dividends to US$1.0 billion, in line with the Company’s increasing progressive dividend policy.
ADNOC Gas reported net income of AED19.10 billion (US$5.2 billion) in 2025, an increase of 3 percent compared to 2024, which constitutes structurally resilient earnings and a capacity to perform reliably through commodity cycles.
The company’s performance highlighted its robust long-term strategy, with record full-year performances even when the Brent crude oil price average was at US$69, which depreciated by 14 percent year-on-year.
The high net income of the Company in 2025 was mainly due to the position of its flourishing domestic gas business, where its EBITDA increased by 10 percent in the face of 4 percent year-on-year (YoY) sales volume growth and enhanced commercial conditions.
ADNOC Gas has affirmed its AED13.16 billion (US$3.584 billion) dividend during the 2025 financial year. The FY 2025 dividend will be consistent with the sound policy of the company to raise the annual dividend by 5 percent a year and will indicate the company’s strong free cash flow, which is more than AED1.84 billion (US$500 million), higher than the amount of the dividend.
ADNOC Logistics & Services reached results for the year, with revenue increasing 41 percent year-on-year to AED18.4 billion (US$5.02 billion), EBITDA rising 32 percent to AED5.6 billion (US$1.5 billion), and net profit increasing 14 percent to AED3.2 billion (US$863 million).
The company also acquired 80 percent of Navig8 during the year, which increased ADNOC L&S’s global shipping presence and diversified customer base, as well as enabled the company to integrate its logistics offering with a larger and more diversified fleet.
The Board proposed dividends payment in Q4 2025 of AED298.4 million (US$81.25 million), resulting in total dividend payment in 2025 of AED1.194 billion (US$325 million). Borouge recorded a remarkable full-year performance in 2025 with net profit recorded at AED4.04 billion (US 1.1 billion).
The revenue was AED21.48 billion (US$5.85 billion), backed by unprecedented annual sales volumes of 5.4 million tonnes, and the company experienced an industry-best EBITDA margin of 37 percent, as the firm continued to enjoy operational excellence despite reduced market conditions compared to 2024.
Borouge reiterated that it plans to pay a dividend of 16.2 fils per share in the 2025 financial year, subject to shareholder approvals. Fertiglabe posted excellent full-year performance in the year, which was anchored by the rigorous implementation of its strategic initiatives and sound market environment.
Revenue grew 41 percent on a year-on-year basis to AED10.35 billion (US2.82 billion), adjusted EBITDA grew by 57 percent to AED3.74 billion (US1.02 billion), and adjusted net profit increased 87 percent to AED1.19 billion (US325 million).
The successful implementation of the Grow 2030 strategy was the driver of performance, and 43 percent of the planned initiatives were already in place within less than a year.
Fertiglabe set its records of production volumes in Algeria and Egypt, the Manufacturing Improvement Program reached 46 percent completion, and its cost optimisation programme of USD 55 million was almost completed, with the assistance of ADNOC.
The purchase of Wengfu in Australia increased its downstream presence, and an ammonia sales-oriented approach in Egypt allowed it to achieve greater margins, as well as ongoing efficiency gains in operation.
Board approved second half 2025 dividends of AED496 million (US$135 million), resulting in total dividends of AED955 million (US$260 million) in 2025 and AED272 million (US$74 million) of share buybacks already implemented.
This accounts for a cumulative 2025 capital repayment of AED1.23 billion (US334 million), which translates to a pleasant yield of +5 percent.
