Adnoc Drilling's revenues rise 30% to $2.37 billion in first half

Adnoc Drilling Company announced its financial results for the second quarter and first half of 2025, delivering record-breaking performance across revenue, EBITDA and net profit while maintaining strong momentum in shareholder returns and delivering regional expansion.

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The company posted a net profit of $692 million for the first half, up 21 per cent year-on-year, driven by fleet expansion, rig utilisation and Oilfield Services (OFS) growth.

Revenue rose 30 per cent to $2.37 billion, while EBITDA increased 19 per cent to $1.08 billion.

Abdulla Ateya Al Messabi, Adnoc Drilling CEO, said, "Our record first half 2025 results once again demonstrate the strength, resilience, and scalability of Adnoc Drilling. We continue to deliver outstanding financial performance, dependable shareholder returns and disciplined regional expansion, all underpinned by our commitment to deploying AI and advanced technologies.

With this momentum, we are firmly on track to achieving our full-year growth targets.

Adnoc Drilling has consistently demonstrated its ability to grow in any phase of the energy cycle. With high and visible cash flows, growing earnings and strong visibility of future returns, we remain confident in our ability to continue delivering long-term value to our shareholders."

Adnoc Drilling maintains strong momentum in shareholder returns and delivers regional expansion.

The company's Board of Directors approved the $217 million (approx. 5 fils per share) second quarterly dividend for 2025, which reaffirms the commitment to delivering reliable, growing income to shareholders.