ADNOC Drilling's net profit after tax increased by approximately 10% to exceed $368 million in the third quarter of this year.
Profitability was supported by a 22.7% growth in revenue for the period to more than $1.2 billion, driven by the company's expanding operations and the full operational impact of the rigs that were gradually brought online over the past year.
During the first nine months of this year, after-tax profit rose 17.2% to more than $1 billion, supported by a 27.3% year-on-year revenue growth to $3.6 billion.
Income tax for the period was recorded at approximately $100.6 million, compared to $84.5 million for the same period in 2024.
ADNOC Drilling's Board of Directors approved the distribution of interim cash dividends to shareholders for the third quarter, totaling $250 million.
The company set November 4 as the last day for purchase.
