ADNOC Gas plc said shareholders approved all agenda items at its Annual General Meeting, including a record $3.584bn dividend for 2025. Moreover, the company confirmed a final dividend of $896m will be paid in May.
The company also reported an incident at the Habshan complex after falling debris followed the successful interception by air defence systems. Tragically, one contractor died and several others were injured during the site evacuation. Additionally, the affected area has been isolated, while customer supply continues through other facilities. The company said it is conducting a full damage assessment.
Dr Sultan Ahmed Al Jaber, Chairman of ADNOC Gas’ Board of Directors, commented: “In 2025, ADNOC Gas delivered record results amid an evolving global energy landscape shaped by rising electricity demand, industrial growth, and the rapid scaling of AI enabled technologies. Natural gas remains essential to powering economic progress and digital infrastructure, and ADNOC Gas strengthened its position as a reliable and affordable supplier supporting the UAE and international markets. Backed by disciplined capital allocation and worldclass operational reliability, we advanced strategic growth projects, including Rich Gas Development Phase 1, our largest ever FID, while maintaining our commitment to predictable shareholder returns, including our policy of 5% annual dividend growth through 2030. As global gas demand continues to expand, ADNOC Gas is uniquely positioned to build on this momentum and deliver sustainable value for the future.”
In 2025, the company posted record net income of $5.2bn despite a 14% year-on-year decline in average Brent prices to $69 per barrel. However, the results reflected resilience in its business model and the strength of its domestic gas portfolio.
EBITDA from the domestic gas business rose 10% year-on-year. Additionally, sales volumes increased 4% year-on-year, supported by improved commercial terms.
Capital markets activity supports investor base expansion
The company also strengthened its capital markets profile by completing the largest secondary share offering on the Abu Dhabi Securities Exchange and in the UAE. As a result, it raised $2.84bn through the placement of 3.1bn shares.
ADNOC Gas was subsequently included in the MSCI Emerging Markets Index and the FTSE Emerging Index. Moreover, the inclusion attracted more than $750m in passive inflows, further broadening its global investor base.
The company has set a dividend target of $24.4bn for the 2025–2030 period. Additionally, it shifted to quarterly dividend payments from the third quarter of 2025 to provide shareholders with more frequent returns.
For the 2025 financial year, the total dividend of $3.584bn includes an interim cash dividend of $1.792bn paid in September 2025 and a quarterly dividend of $896m paid in December 2025. Furthermore, the final dividend of $896m is scheduled for payment in May 2026.
Free cash flow supports dividend policy
The company said the 2025 dividend aligns with its policy of 5% annual dividend growth. Moreover, it said free cash flow exceeded the 2025 dividend commitment by more than $500m, supporting the payout.
