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

Abu Dhabi's ADNOC Drilling Company PJSC has posted exceptional financial results for the first half of 2025, with a significant surge in revenue, EBITDA, and net profits. The company's latest report highlights a revenue of $2.37 billion, an EBITDA of $1.08 billion, and a net profit of $692 million, representing a substantial year-on-year growth. The strong financial results are attributed to the company's strategic direction, commitment to deploying advanced technologies, and its progressive dividend policy. The announcement of a second quarterly dividend of $217 million further reinforces ADNOC Drilling's commitment to delivering reliable returns to its shareholders.

Key Takeaways:

• ADNOC Drilling reported a record-breaking revenue of $2.37 billion in the first half of 2025, marking a significant year-on-year growth.
• The company's EBITDA reached $1.08 billion and net profit stood at $692 million, both showcasing a substantial increase compared to the previous year.
• ADNOC Drilling's segmental growth was notably strong in the onshore segment, with revenue increasing to $1.0 billion driven primarily by the commencement of new rigs and contributions from the unconventional business.
• The company has made significant strides in advancing energy technology through its Enersol platform and its Turnwell division continues to push the boundaries in unconventional drilling within the UAE.
• ADNOC Drilling has secured approximately $4.8 billion in new contracts, ensuring long-term earnings visibility through 2040 and beyond.
• The company's adoption of AI and automation is expected to enhance operational efficiency and safety, with the recent deployment of MEERAi, a new AI tool.
• ADNOC Drilling has adjusted its financial guidance for the full year 2025, reflecting an upward revision of revenue expectations.
• The company remains committed to delivering reliable returns to its shareholders, as evident from the announcement of a second quarterly dividend of $217 million.

Statistics:

• Revenue: $2.37 billion (first half of 2025)
• EBITDA: $1.08 billion (first half of 2025)
• Net profit: $692 million (first half of 2025)
• Revenue growth in onshore segment: $1.0 billion (first half of 2025)
• Revenue in oilfield services segment: $689 million (first half of 2025)
• New contracts secured: approximately $4.8 billion (through 2040 and beyond)

Sources:

• ADNOC Drilling Company PJSC - Press Release, July 30, 2025
• Abu Dhabi Securities Exchange (ADX) - Press Release, July 30, 2025