ADNOC Gas achieves record quarterly profit with strong market performance
Abu Dhabi-based ADNOC Gas has posted its highest-ever quarterly net income of $1.385 billion for the second quarter of 2025, representing a 16% increase year-on-year despite challenging market conditions.
The integrated gas processing company's strong performance was driven by robust demand in the local gas market, where it serves customers under long-term contracts with competitive pricing and improved underlying margins. ADNOC Gas also capitalised on opportunities to sell additional volumes at favourable prices in both domestic and export markets as liquified natural gas (LNG).
EBITDA rose 8% year-on-year to $2.256 billion, with the company's EBITDA margin expanding to 37.9% from 34.3% in the same period last year. Net income margin similarly improved to 23.2% from 19.6%, demonstrating the resilience of Adnoc Gas's product portfolio to oil price volatility.
The board of directors approved an interim dividend of $1.792 billion, up 5% year-on-year, scheduled for distribution in September. This reflects the company's healthy cash flows and commitment to shareholder returns.
Chief Executive Officer, Fatema Al Nuaimi said the results showed ADNOC Gas was "well on our way to achieving our ambition of over 40% EBITDA growth between 2023 and 2029, as outlined in our strategy update last November."
The company has significantly increased its capital expenditure programme, with capex rising 49% year-on-year in the first half of 2025. This includes a $5 billion Final Investment Decision on the first phase of its Rich Gas Development project, bringing committed capex to $20 billion.
Following its inclusion in the MSCI Emerging Markets Index in June, ADNOC Gas attracted approximately $500 million in net capital inflows. The company is now set to join the FTSE Index in September 2025, with market estimates suggesting additional inflows of over $200 million.
The company continues expanding its artificial intelligence capabilities, recently deploying MEERAi, an AI agent designed to provide real-time data-driven insights for board decision-making.
