emirates7 - ADNOC Drilling Company has reported strong financial performance for the first quarter of 2025, underscoring its continued growth momentum and financial strength. The company posted revenues of $1.17 billion, marking a 32% increase compared to the same period last year. EBITDA rose 22% year-on-year to $533 million, while net profit climbed to $341 million, reflecting a 24% year-on-year gain.
This solid start to the year has been driven by high demand for ADNOC Drilling’s services, a steadfast focus on operational efficiency, and strategic investments across key areas including fleet expansion, integrated services, artificial intelligence, advanced technologies, and global market penetration.
Commenting on the results, CEO Abdulrahman Abdulla Al Seiari stated: “Q1 2025 has not only started strong, but has also confirmed our financial robustness and laid the groundwork for further growth. We are accelerating our strategic agenda, growing our rig fleet, expanding our oilfield services, and enhancing our AI and digital capabilities.”
He added that new contract wins and entry into strategic markets are boosting scale, efficiency, and performance. With a healthy revenue pipeline, rising global demand, and strong earnings visibility, ADNOC Drilling is well-positioned to deliver long-term value and lead the development of energy services locally and internationally.
During its Annual General Meeting on 18th March 2025, shareholders approved all agenda items, including the final cash dividend for FY2024. The final dividend payment of $394 million (approximately 9.05 fils per share) was distributed in April 2025, bringing the total dividend for 2024 to $788 million (around 18.1 fils per share), a 10% increase compared to 2023.
On 7th May 2025, the Board of Directors approved a shift to quarterly dividend payments. The first quarterly dividend of 2025 will total $217 million (about 5 fils per share), to be paid on or around 28th May 2025, to shareholders on record as of 19th May 2025.
The same amount—$217 million—will serve as a minimum payout for each of the remaining three quarters of 2025. In line with its dividend policy, the Board retains the discretion to authorize additional dividends above the stated minimum, depending on available free cash flow and value-accretive growth opportunities.
This solid start to the year has been driven by high demand for ADNOC Drilling’s services, a steadfast focus on operational efficiency, and strategic investments across key areas including fleet expansion, integrated services, artificial intelligence, advanced technologies, and global market penetration.
Commenting on the results, CEO Abdulrahman Abdulla Al Seiari stated: “Q1 2025 has not only started strong, but has also confirmed our financial robustness and laid the groundwork for further growth. We are accelerating our strategic agenda, growing our rig fleet, expanding our oilfield services, and enhancing our AI and digital capabilities.”
He added that new contract wins and entry into strategic markets are boosting scale, efficiency, and performance. With a healthy revenue pipeline, rising global demand, and strong earnings visibility, ADNOC Drilling is well-positioned to deliver long-term value and lead the development of energy services locally and internationally.
During its Annual General Meeting on 18th March 2025, shareholders approved all agenda items, including the final cash dividend for FY2024. The final dividend payment of $394 million (approximately 9.05 fils per share) was distributed in April 2025, bringing the total dividend for 2024 to $788 million (around 18.1 fils per share), a 10% increase compared to 2023.
On 7th May 2025, the Board of Directors approved a shift to quarterly dividend payments. The first quarterly dividend of 2025 will total $217 million (about 5 fils per share), to be paid on or around 28th May 2025, to shareholders on record as of 19th May 2025.
The same amount—$217 million—will serve as a minimum payout for each of the remaining three quarters of 2025. In line with its dividend policy, the Board retains the discretion to authorize additional dividends above the stated minimum, depending on available free cash flow and value-accretive growth opportunities.