24% profit jump marks Adnoc unit's shift to quarterly payouts

DRILLING SUBSIDIARY SETS GROWTH MOMENTUM WITH ROBUST Q1 RESULTS

- BY MANOJ NAIR

Adnoc Drilling posted strong double-digit growth across key financial metrics in the first three months of 2025 — and there is more coming.

The company confirmed it's on track with a "robust" multi-billion-dollar project pipeline and a wave of new contracts, providing the Adnoc subsidiary with what it calls "unmatched" multi-year earnings visibility.

In the first quarter, Adnoc Drilling reported a 32 per cent year-on-year revenue increase to $1.17 billion. EBITDA rose 22 per cent, while net profit surged 24 per cent to reach $341 million — marking a strong start to the year.

Quarterly dividends