Post by : Badri Ariffin

ADNOC Drilling Company PJSC has announced record-breaking financial results for the first nine months of 2025, underlining its robust operational execution and strategic growth initiatives. Revenue surged 27 percent year-on-year to $3.63 billion, while net profit rose 17 percent to $1.06 billion. Free cash flow saw an exceptional jump of 174 percent, reaching $1.2 billion.

The company’s growth was driven by strong contract execution, accelerated adoption of AI technologies across its drilling fleet, and expansion in both conventional and unconventional operations. ADNOC Drilling continues to scale its unconventional wells, targeting over 300 wells annually, and is expanding its Integrated Drilling Services (IDS) fleet to 70 rigs. Plans are also underway for new offshore island operations by the end of the decade.

Segment-wise, the onshore business posted $1.52 billion in revenue, up 13 percent YoY, supported by the growing unconventional operations. Offshore activities, including Jack-up and island rigs, generated $1.04 billion, a 3 percent increase, boosted by reactivation of island rigs and new jack-up operations. Oilfield services revenue soared 114 percent to $1.07 billion, with $385 million coming from unconventional business and additional integrated drilling services.

ADNOC Drilling’s financial strength is further reinforced by its dividend policy. The Board approved a third-quarter 2025 dividend of $250 million, reflecting the company’s commitment to reliable and progressive returns. The enhanced dividend framework, aiming at a total of at least $6.8 billion between 2025 and 2030, offers long-term visibility and confidence for investors.

The results highlight ADNOC Drilling’s resilience and its position as a key player in the energy sector, combining technological adoption with strategic expansion to drive sustainable growth.

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