ADNOC Drilling Nine-Month Profit Up 17%, Announces

ADNOC Drilling nine-month profit jumps 17% on revenue surge, with new $6.8 billion dividend plan through 2030. ADNOC Drilling reported record financials for the first nine months of 2025, with revenue climbing 27% year-over-year to $3.63 billion and net profit rising to $1.06 billion, driven by strong onshore, offshore, and oilfield services performance. Free cash flow surged 174% to $1.2 billion, and the board approved a third-quarter dividend of $250 million, payable in November 2025 at 5.7 fils per share.

The new progressive dividend framework targets at least $6.8 billion in shareholder distributions from 2025 to 2030, beginning with a 27% uplift in 2025 and 5% minimum annual increases, pending annual general assembly approval. The policy underscores ADNOC Drilling’s confidence in its durable cash flows, large contract wins (over $5B secured in 2025), and ambitious growth in unconventional well delivery and integrated drilling services (IDS). The company’s IDS fleet is set to expand to 70 rigs by 2026, with potential to scale to 151+ rigs by 2028, supporting AI-powered efficiency and safety transformation.

Segment highlights include:

Onshore revenue: $1.52B (+13% YoY), fueled by new rigs and unconventional activity
Offshore revenue: $1.04B (+3%), boosted by jack-up and island rig contributions
Oilfield Services revenue: $1.07B (+114%), driven by demand for integrated and discrete services

Looking ahead, ADNOC Drilling expects FY2026 revenue to approach $5 billion, with robust margins across business lines. The company is rapidly advancing the use of artificial intelligence and automation to further enhance operational efficiency and financial resilience, setting a new standard for shareholder returns in the global drilling sector.

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