ADNOC Group companies listed on the Abu Dhabi Securities Exchange announced record financial results for 2025, confirming the continued momentum of their operations across the Group’s integrated value chain and the continued implementation of their commitments to growth and enhancing shareholder value returns, which were announced during the first ADNOC Investors Council meeting in October 2025.

The combined revenue of ADNOC’s six listed companies reached AED 190.1 billion ($51.8 billion), with total earnings before interest, taxes, depreciation and amortization (EBITDA) of AED 61.3 billion ($16.7 billion), while total net profit reached AED 35.8 billion ($9.7 billion), confirming strong financial performance in the market and disciplined capital management.

The listed companies also announced dividend payouts totaling AED 26.4 billion ($7.2 billion) for 2025, subject to shareholder approval, further reinforcing ADNOC’s track record of delivering reliable, sustainable and rewarding returns to shareholders.

ADNOC Distribution

ADNOC Distribution recorded a record performance during 2025, supported by strong demand for fuel and non-fuel retail services, along with the increasing growth in the contribution of the company’s international operations. Earnings before interest, tax, depreciation and amortization rose by 11.1 percent year-on-year to AED 4.3 billion ($1.17 billion), while net profit increased by 15.4 percent to AED 2.79 billion ($761 million). The company also achieved growth in fuel volumes of 4.5 percent to reach 15.7 billion liters, driven by the expansion of the station network and increased demand at the company’s stations in its three markets, the UAE, Saudi Arabia and Egypt.

During 2025, the company accelerated the pace of expansion in its network of stations, bringing the total number of service stations to 1,010. The E2GO electric vehicle charging network also witnessed rapid growth, with the number of fast and ultra-fast charging points reaching 402 points across the country, supporting the UAE’s vision for the transition towards sustainable mobility and consolidating ADNOC Distribution’s role as a leading provider of future mobility solutions and integrated retail.

The company’s board of directors recommended a cash dividend of AED 1.28 billion ($350 million) for the second half of 2025, bringing the total dividends for the year to AED 2.57 billion ($700 million), subject to shareholder approval.

ADNOC Drilling

ADNOC Drilling announced record results for 2025, a tangible achievement that reinforces the progress the company has made towards expanding its business and raising performance efficiency through the integration of advanced technological solutions and excellence in execution.

Revenues reached AED 18 billion ($4,903 million) for 2025, a 22 percent year-on-year increase, driven by increased conventional drilling activities and oilfield services, in addition to the contribution of unconventional drilling operations, which are typically characterized by higher returns despite relatively lower profit margins. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 9 percent to AED 8.1 billion ($2,198 million), while net profit increased by 11 percent year-on-year to AED 5.3 billion ($1,449 million).

The Board of Directors recommended a dividend payment of $250 million (equivalent to 5.7 fils per share) for the last quarter of 2025; taking into account previous payments, the total dividend for fiscal year 2025 rises to $1 billion, in line with the updated dividend policy adopted by the company.

ADNOC Gas

ADNOC Gas revealed that it achieved a record net income of AED 19.10 billion ($5.2 billion) during 2025, an increase of 3 percent compared to 2024. These results confirm the resilience of the company’s profit structure and its ability to maintain stable profitability levels across different commodity cycles.

The results are a testament to the strength and effectiveness of the company’s long-term strategy, as ADNOC Gas was able to record a record annual performance despite the average price of Brent crude falling to $69, up 14 percent year-on-year. The company’s strong net income in 2025 was mainly driven by the strong performance of its gas business in the local market, where its earnings before interest, taxes, depreciation and amortization (EBITDA) rose by 10 percent as a result of a 4 percent year-on-year increase in sales volume, in addition to higher profit margins due to improved commercial terms of contracts.

ADNOC Gas confirms a dividend payout of AED 13.16 billion ($3.584 billion) for the financial year 2025. The 2025 dividend payout is in line with the company’s policy of increasing the annual dividend payout ratio to 5 percent per share and reflects the strength of free cash flows, which exceeded the company’s dividend commitment by more than AED 1.84 billion ($500 million).

ADNOC Logistics and Services

ADNOC Logistics and Services, for its part, achieved record results during the year, with revenues rising by 41 percent year-on-year to AED 18.4 billion ($5 billion), EBITDA increasing by 32 percent to AED 5.6 billion ($1.5 billion), and net profit rising by 14 percent to AED 3.2 billion ($863 million).

During the year, the company completed the acquisition of an 80 percent stake in Navig8, which contributed to strengthening ADNOC Logistics & Services’ global presence, expanding its customer base, and supporting its integrated logistics platform through a larger and more diversified fleet.

The company’s board of directors recommended a dividend of AED 298.4 million for the last quarter of 2025, bringing the total dividend payout for 2025 to AED 1.194 billion ($325 million).

Burj

Borouge also announced exceptional results for the financial year 2025, recording net profits of AED 4.04 billion (US$1.1 billion) and revenues of AED 21.48 billion (US$5.85 billion), supported by record annual sales volumes of 5.4 million tons. The company maintained an industry-leading EBITDA margin of 37 percent, confirming continued strong operational excellence despite market volatility compared to 2024. Borouge confirms its intention to distribute dividends of 16.2 fils per share for the financial year 2025, subject to shareholder approval.

Vertiglobe

Vertiglobe achieved strong results for 2025, supported by the disciplined execution of its strategic initiatives and favorable market conditions. Revenues increased by 41 percent year-on-year to AED 10.35 billion (US$2.82 billion), while adjusted EBITDA increased by 57 percent to AED 3.74 billion (US$1.02 billion). Adjusted net profit reached AED 1.19 billion (US$325 million), an increase of 87 percent year-on-year compared to the previous year. This performance confirms the success in executing the 2030 growth strategy, with 43 percent of the targeted initiatives completed in less than a year.

The company recorded record production levels in Algeria and Egypt, and made progress in implementing its manufacturing process improvement program, reaching a completion rate of 46 percent. Vertiglobe is close to completing its $55 million cost reduction program, supported by ADNOC. The acquisition of Wingfu Australia has contributed to expanding its downstream business, while an improved ammonia sales strategy in Egypt has enabled it to achieve higher margins while continuing to improve operational efficiency.

The Board of Directors recommended a dividend distribution for the second half of 2025 of AED 496 million ($135 million), bringing the total distribution for the year to AED 955 million ($260 million), in addition to the execution of share buybacks worth AED 272 million ($74 million) to date, thereby raising the total capital gains attributable to shareholders in 2025 to AED 1.23 billion ($334 million), which achieved a competitive return to shareholders of more than 5 percent.