Adnoc Drilling net profit up 17% to $1.06 billion in nine months

ABU DHABI Adnoc Drilling's revenue rises 27 per cent year-on-year to $3.63 billion and net profit up 17 per cent to $1.06 billion

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Adnoc Drilling Company on Tuesday reported record financial results for the first nine months (9M) of 2025, with revenue rising 27 per cent year-on-year to $3.63 billion and net profit up 17 per cent to $1.06 billion. Free cash flow surged 174 per cent to $1.2 billion.

The results delivered record profitability and cash generation, driven by strong operational execution, resilient long-term contracts, and accelerated adoption of AI-powered technologies across the fleet.

Abdulla Ateya Al Messabi, Adnoc Drilling CEO, said, "Our record performance in 2025 showcases the strength and resilience of our business model and disciplined execution."

"We are scaling unconventionals to a potential of over 300 wells annually, expanding our Integrated Drilling Services (IDS) fleet to 70 rigs and preparing for new offshore island operations by the end of the decade," he said.

Al Messabi stated, "These milestones can add billions in new revenue streams, de-risked by our in-house expertise and powered by our ambition to become Al-native. With our enhanced dividend policy targeting at least $6.8 billion through 2030, Adnoc Drilling is setting a new global standard for reliable, growing shareholder returns."