Adnoc Drilling's revenue up 32% to record $4.034 billion in 2024

Adnoc Drilling Company confirmed shareholders’ approval of all agenda items at its Annual General Meeting (AGM), including the distribution of its final cash dividend payment for the year ended 3ist December 2024.

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Adnoc Drilling’s full-year revenue increased significantly to a record $4.034 billion, rising by 32 percent year-on-year, and its full-year Ebitda reached a record high of $2.01 billion, up 36 percent year-on-year.

Since the Company's listing on ADX in 2021, its net profit for the full year has more than doubled, culminating in $1.30 billion in 2024.

By leveraging the strength of its balance sheet, the Company remains committed to pursuing smart growth, seizing new opportunities and maximizing shareholder value over the long term.

Abdulrahman Abdulla Al Seiari, Adnoc Drilling CEO, said, “Our record-breaking financial performance and dividend reflect Adnoc Drilling’s strong momentum as the world’s fastest-growing energy services company. With a 10 percent dividend increase to $788 million in 2024 and a commitment to further increase it by at least 10 percent in 2025 and beyond, we continue to deliver exceptional value to our shareholders while investing in the future.

Adnoc Drilling remains committed to pursuing smart growth.