ADNOC Drilling said shareholders approved its final 2025 dividend at the annual general meeting, bringing total dividend payments for the year to $1 billion. Moreover, the approval follows a record year of financial and operational performance, supported by sustained utilisation and expanding integrated energy services activity.
Record 2025 results support dividend policy
The company reported revenue of $4.9 billion in 2025, up 22% year-on-year. Additionally, net profit rose 11% to $1.45 billion, marking its strongest annual performance to date.
Dr Sultan Ahmed Al Jaber, the Chairman of Adnoc Drilling, said: “Our shareholders’ approval of a $1 billion dividend for 2025 and a 5% minimum increase to our 2026 payout reflects strong confidence in Adnoc Drilling’s strategy, discipline and long-term value proposition, driven by clear visibility over future cash flows.”
“In 2025, Adnoc Drilling delivered record results through operational excellence, expanded integrated energy services and turning scale into cash generation,” stated Al Jaber.
Regional environment has limited operational impact
Al Jaber said the company continues to scale operations safely while deploying technology and AI to improve performance and returns. Moreover, he said employee safety remains a priority amid ongoing regional uncertainty.
“As Adnoc and the UAE continue to accelerate the development of both conventional and unconventional energy capacity, Adnoc Drilling is scaling safely and efficiently, deploying technology and AI to deliver performance improvements and competitive returns,” he stated.
“As we navigate a complex regional backdrop, the safety and wellbeing of our people remain our highest priority. Our fundamentals are strong, our strategy is clear and the visibility we have over future activity underpins a resilient outlook,” he added.
The company said the regional situation has not had a material impact on its core drilling operations, which generated around 90% of full-year 2025 net income. However, it noted that the oilfield services segment faced some disruption, although it absorbed the impact through the first quarter of 2026 and remains on track to deliver performance broadly in line with quarterly guidance. Therefore, the company said it will continue monitoring developments and apply mitigation measures if required.
Final dividend set at $250 million
Shareholders approved a final dividend of $250 million, equivalent to around 5.7 fils per share. Additionally, this brings the total 2025 dividend to $1 billion, or 23 fils per share, payable at the end of April to shareholders of record as of April 13, 2026.
The board also reaffirmed its progressive dividend framework. Moreover, it recommended a minimum 5% increase in the dividend for 2026 and annually thereafter until at least 2030, supported by free cash flow generation and disciplined capital allocation.
Looking ahead, Adnoc Drilling said it remains positioned for growth, supported by long-term contracted activity, resilient cash generation, and a clear expansion strategy. As a result, the company said it expects to continue supporting the UAE’s long-term energy capacity growth ambitions.
