ADNOC Group’s listed companies reported record full-year 2025 results, underscoring sustained momentum across the integrated energy value chain and delivery against commitments outlined at the Group’s inaugural Investor Majlis in October 2025.
Collectively, the six listed entities generated revenues of AED190.1 billion (US$51.8 billion), EBITDA of AED61.3 billion (US$16.7 billion), and net profit of AED35.8 billion (US$9.7 billion). In addition, dividends totalling AED26.4 billion (US$7.2 billion) were declared and proposed for 2025, subject to shareholder approvals.
Strong operational performance across the portfolio
ADNOC Distribution reported record results, with EBITDA rising 11.1% to AED4.3 billion and net profit increasing 15.4% to AED2.79 billion. Fuel volumes grew 4.5% to 15.7 billion litres. Moreover, the network expanded to 1,010 service stations, while EV charging points increased to 402. The Board proposed total dividends of AED2.57 billion for 2025.
ADNOC Drilling posted revenue of AED18 billion, up 22% year on year, while net profit rose 11% to AED5.3 billion. Total FY 2025 dividends reached US$1.0 billion under its progressive policy.
ADNOC Gas recorded net income of AED19.1 billion, up 3%, supported by domestic gas performance. The company confirmed dividends of AED13.16 billion, reflecting its policy of annual dividend growth of 5%.
ADNOC Logistics & Services reported revenue growth of 41% to AED18.4 billion and net profit of AED3.2 billion. During the year, it completed the acquisition of an 80% stake in Navig8, strengthening its global shipping platform. The total 2025 dividends amounted to AED1.194 billion.
Borouge achieved revenue of AED21.48 billion and net profit of AED4.04 billion, supported by record sales volumes of 5.4 million tonnes. The company reaffirmed a dividend of 16.2 fils per share for 2025.
Fertiglobe reported revenue of AED10.35 billion, up 41%, while adjusted net profit rose 87% to AED1.19 billion. The total 2025 return of capital reached AED1.23 billion, including dividends and share buybacks.
Overall, the results reflect resilient earnings, disciplined capital management, and continued execution of strategic growth initiatives across the ADNOC listed portfolio.
