ADNOC Drilling Reports Record Financial Performance in the First Half of 2025 - Beacon

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Wednesday, July 30, 2025

ADNOC Drilling Reports Record Financial Performance in the First Half of 2025

ADNOC Drilling Reports Record Financial Performance in the First Half of 2025
ADNOC Drilling records historic financial performance in H1 2025





 ADNOC Drilling Reports Record Financial Performance in the First Half of 2025


ADNOC Drilling, listed on the Abu Dhabi Securities Exchange, announced record financial results for the first half of 2025, driven by a 30% year-on-year increase in revenue to AED 8.71 billion and a 21% increase in net profit to AED 2.54 billion.


Free cash flow also increased by approximately 67% to AED 2.67 billion, reinforcing the company's position as a leading player in the region's energy services sector. The company's Board of Directors approved a quarterly dividend of $217 million for the second quarter, reflecting ADNOC Drilling's commitment to providing stable and growing returns to shareholders.


The growth was driven by fleet expansions, increased rig activity, and enhanced onshore and offshore drilling services. This was in addition to a significant 127% increase in revenues from the oilfield services sector, particularly in unconventional drilling, which contributed revenues exceeding AED 973 million. The company completed more than 40% of the 144 planned wells in Phase 1.


The company strengthened its regional expansion through an agreement to acquire a 70% stake in SLB's onshore drilling business in Kuwait and Oman, paving the way for additional cash flow and returns in the Gulf markets. ADNOC Drilling also expanded its use of artificial intelligence and automation technologies to enhance operational efficiency. Key applications included the integration of the MEERAi smart tool to support executive management decisions.


The value of new contracts rose to AED 17.63 billion during the first half of the year, enhancing the clarity of future revenue forecasts until 2040 and beyond, and reflecting continued market confidence in the company's ability to achieve long-term growth supported by strong financial and operational fundamentals.

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