ADNOC Gas, listed on the Abu Dhabi Securities Exchange, announced on Thursday its financial results for the third quarter of 2025, achieving its highest quarterly net income in its history of AED 4.92 billion ($1.34 billion), an increase of 8 percent compared to the same period last year.
Net income from the beginning of the year to the end of the third quarter reached AED 14.65 billion ($3.99 billion), exceeding market expectations, despite the average oil price falling to $71 per barrel during the first nine months of 2025 compared to $83 in 2024.
The local gas business recorded record results during the third quarter of 2025, with its earnings before interest, taxes, depreciation and amortization rising to AED 3.36 billion (USD 914 million), an increase of 26 percent year-on-year.
This growth is attributed to the strong performance of the UAE economy, which the IMF projects will grow by 4.8 percent in 2025 and 5 percent in 2026. This has contributed to increased domestic demand for gas, leading to a 4 percent rise in sales volume during the first nine months of the year. This growth has also coincided with improved operating margins, resulting from successfully implemented structural improvements through contract renegotiation.
On this occasion, Fatima Al Nuaimi, CEO of ADNOC Gas, said: “ADNOC Gas’s record results in the third quarter, coupled with its strong performance since the beginning of the year, underscore the resilience of the company’s business model and its ability to adapt to market volatility. Despite lower oil prices, the company continues to deliver strong returns, driven by operational excellence and improved commercial agreements. The enhanced dividend policy reflects ADNOC Gas’s commitment to delivering sustainable, long-term value to its shareholders.”
Through its continuous pursuit of long-term value and stability, ADNOC Gas represents a strong investment opportunity, underpinned by high operational efficiency and sustainable profitability.
The company recorded a record net income of AED 4.92 billion ($1.34 billion) in the third quarter of 2025, an increase of 8 percent year-on-year, while annual net income reached AED 14.65 billion ($3.99 billion), achieving growth of 10 percent compared to 2024.
Achieving strong cash flows remains a key pillar of ADNOC Gas’s financial strength, with domestic gas sales earnings before interest, taxes, depreciation and amortization (EBITDA) reaching AED 3.36 billion ($914 million) in the third quarter, a 26 percent year-on-year increase.
These results confirm ADNOC Gas’s position as a high-yield investment opportunity, supported by stable and predictable cash flows, along with strong growth potential.
The adoption of quarterly dividend payments starting from the third quarter of 2025, amounting to AED 3.29 billion (USD 896 million) by December 12, 2025, in addition to approving a 5 percent annual increase in dividends, with this policy extended until 2030, constitutes an important step that enhances transparency and provides a regular income, enabling shareholders to plan financially with confidence and stability.
Investing in ADNOC Gas provides shareholders with an opportunity to support the broad transformation taking place in the UAE's energy sector, in line with its ambitious national goals.
It is worth noting that the ADNOC Gas Board of Directors has approved a 5 percent annual increase in dividend payouts, extending this policy until 2030, in a move that underscores the company’s commitment to delivering long-term value to its shareholders.
ADNOC Gas is scheduled to begin paying dividends on a quarterly basis starting from the third quarter of 2025, with an interim dividend of AED 3.29 billion (USD 896 million) to be paid to shareholders no later than December 12, 2025.
