Adnoc Drilling's profit up 17% to $1.06b

Adnoc Drilling reported a 27 per cent surge in revenue to $3.63 billion for the first nine months of 2025. Net profit climbed 17 per cent to $1.06 billion, while free cash flow surged 174 per cent to $1.2 billion.

- BY NIVETHA DAYANAND Assistant Business Editor

The board approved a $250 million dividend for the third quarter, equivalent to 5.7 fils per share, payable in November 2025. It also endorsed a new dividend framework that targets a minimum of $6.8 billion in shareholder distributions between 2025 and 2030, with a 27 per cent uplift next year and at least 5 per cent annual increases thereafter.