Try GOLD - Free
Adnoc Drilling 9-month profit gains 17%
Khaleej Times
|October 29, 2025
Adnoc Drilling on Tuesday reported a net profit of $1.06 billion for the first nine months of the year, up 17 per cent compared to the same period in 2024, on the back of rising activity across onshore, offshore and integrated drilling services operations.
Revenue for the period rose 27 per cent to $3.63 billion, driven by higher rig utilisation, expansion in unconventional drilling programmes and a sharp increase in integrated drilling services. Free cash flow surged 174 per cent to $1.2 billion, enabling the company to strengthen shareholder returns while investing in fleet expansion and technology upgrades.
Return on equity stood at 36 per cent and return on capital employed at 25 per cent, underscoring the company’s operational strength and strong margins.
This story is from the October 29, 2025 edition of Khaleej Times.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Khaleej Times
Khaleej Times
UAE mourns Palestinian killed after Iranian missile hit her vehicle
Tothose who knew her, Palestinian expat Alaa Nader Awni Mushtaha was defined by a rare kind of gentleness; the kind that showed in her words, her work and the way she touched people’s lives.
2 mins
March 19, 2026
Khaleej Times
John Krasinski returns as Jack Ryan in Ghost War
Actor John Krasinski is back as Jack Ryan after his Prime Video action series ended after four seasons in 2023.
1 mins
March 19, 2026
Khaleej Times
Philippine President Marcos puts brakes on hike in transport fare
The country, which imports nearly all of its crude oil from Mideast, has been scrambling to deal with price increases triggered by war
1 mins
March 19, 2026
Khaleej Times
Lanka asks electric vehicle owners to unplug at night
The country has seen a surge in EVs since a five-year ban on vehicle imports was lifted in February last year
1 mins
March 19, 2026
Khaleej Times
Hong Kong IPO pipeline may suffer amid scrutiny of ‘red-chip’ listings
Beijing’s tightened scrutiny of plans by Chinese companies incorporated outside mainland China to list in Hong Kong could have a significant impact on the city’s rich IPO pipeline - at least in the short-term, bankers and lawyers said.
2 mins
March 19, 2026
Khaleej Times
Community programme promotes healthy routine during Ramadan & beyond
As Ramadan 2026 draws to a close, community programmes are helping residents maintain the healthy routines established during the holy month.
2 mins
March 19, 2026
Khaleej Times
Palestinian drama All That's Left of You set to premiere on OSN+
Critically acclaimed drama All That's Left of You is set to exclusively premiere on OSN+ on March 19, giving audiences across the region a powerful new film to stream just in time for Eid Al Fitr.
1 min
March 19, 2026
Khaleej Times
Unrest puts the region at risk of ATM ‘jackpotting'
The ongoing conflict in the Middle East is not only upsetting the global oil supply but also threatening the region's automated teller machine (ATM) network, industry experts warned, noting: “From emergency banking measures to organised cyber-physical crimes targeting cash machines, banks could lose millions of dollars to ATM jackpotting.”
2 mins
March 19, 2026
Khaleej Times
UAE and Qatar slam strikes on facilities in key Iran gas field
The UAE condemned the targeting on Wednesday of Iranian facilities in a gas field shared with Qatar, calling the attack attributed by Iran to the US and Israel a “dangerous escalation” in a rare rebuke.
1 min
March 19, 2026
Khaleej Times
UAE loans to remain stable as central bank holds rates
Loans and mortgages in the UAE are set to continue on a stable path, as the UAE Cenrtal Bank on Wednesday decided to keep rates unchanged.
1 mins
March 19, 2026
Listen
Translate
Change font size