ADNOC Drilling Sees 21% Profit Rise in First Half of 2025 Thanks to Higher Revenue
ADNOC Drilling made a profit of $692 million in the first half of 2025, which is 21% more than the same time last year. This increase came as the company earned record-high revenue, according to a report filed with the Abu Dhabi Securities Exchange (ADX).
Revenue and Profit Growth
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Revenue for the first half of 2025 grew by 30% to $2.4 billion.
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Earnings before interest, tax, depreciation, and amortization (EBITDA) rose by 19% to nearly $1.1 billion.
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In the second quarter alone (April to June), net profit rose 19% to $351 million.
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Revenue for the same quarter was almost $1.2 billion—up 28% from last year.
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EBITDA for Q2 increased 15% to $545 million.
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ADNOC Drilling will pay shareholders a dividend of $217 million, or about $0.014 per share, for the second quarter.
Future Outlook
The company expects to earn between $4.65 billion and $4.8 billion in revenue for all of 2025, and about $5 billion in 2026.
Growth Plans
ADNOC Drilling is working to grow and improve its services to be more efficient, safe, and reliable.
In April, it won a $1.63 billion, five-year contract from ADNOC Offshore to provide integrated drilling services. This contract helps the company make better use of its fleet and build long-term growth.
So far in 2025, ADNOC Drilling has won around $4.8 billion in new contracts—its best performance ever for this time of year.
In May, the company also signed a joint venture with global oilfield services company SLB to support drilling operations in Kuwait and Oman, expanding its reach beyond the UAE.
Published: 31th July 2025
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