Abu Dhabi’s ADNOC Gas plc, a subsidiary of the state-owned Abu Dhabi National Oil Company, announced a robust net profit of $1.27 billion for the first quarter of 2025. This represents a 7% increase compared to the same period in the previous year, primarily driven by continued economic expansion within the UAE and an increase in the volume of gas processed. The company attributed this solid performance to higher operational efficiency and growing domestic demand.
The reported net profit comfortably surpassed the consensus estimate of $1.11 billion, according to data compiled by LSEG. This performance highlights ADNOC Gas’s strong financial position and its ability to outperform market expectations amidst a dynamic global energy landscape.
Total revenue for the three-month period amounted to $6.1 billion, reflecting a modest yet steady 1% year-on-year growth.
Capital expenditure for the first quarter reached $555 million, in line with ADNOC Gas’s ongoing investment strategy aimed at enhancing infrastructure and expanding processing capabilities. The company has reiterated its full-year capital expenditure guidance of $3 billion, signalling a firm commitment to long-term growth and development within the sector.
