ADNOC Gas achieves record $5.2bn net income in 2025
UAE’s ADNOC Gas has announced a record net income of $5.2 billion for 2025, marking a 3% increase compared to 2024. The Company’s robust 2025 net income was primarily driven by the strength of its domestic gas business, where its Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) was up 10% on a year-on-year sales volume growth of 4% year-on-year.
Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas, said: “2025 was a defining year for ADNOC Gas. We delivered record earnings while investing in growth, demonstrating that our business is resilient, scalable, and globally relevant. As demand for reliable delivery of gas continues to expand, ADNOC Gas is strategically positioned to serve both the UAE and international markets with confidence and discipline.”
Figures to note
ADNOC Gas’ Q4 2025 net income was $1.2 billion, despite softer export market pricing. Sales volumes rose by 5% compared to Q4 2024, primarily driven by strong domestic gas performance, with demand remaining steady throughout the UAE’s milder weather conditions in the final quarter of 2025.
Capital expenditure at $3.6 billion increased in 2025, as several major projects progressed. Phase One of the RGD project was launched, which expands domestic gas processing capacity and increases production of export-traded liquids from new, richer gas supplies, which progressed in line with ADNOC Gas’ strategy.
Following the commissioning of IGD E2 in the final quarter of 2025, work is advancing as planned on the ADNOC Estidama gas-pipeline project, which aims to enhance access for industrial and utility customers in the Northern Emirates. Together, these projects reinforce ADNOC Gas’ role as a critical enabler of the UAE’s industrial growth, and a pillar of long term energy security.
In 2026 and beyond
The company is poised to capture continued domestic demand growth beyond 2026, supported by strategic infrastructure investments, including the ADNOC Estidama gas pipeline project, which will expand access to the Northern Emirates and reinforce the UAE’s long term objective of achieving gas self sufficiency.
The Final Investment Decision (FID) for phases two and three of the Rich Gas Development (RGD) project is anticipated in the first quarter of 2026. This expansion, benefiting from the growth of ADNOC’s upstream operations, is one of the critical projects to enable ADNOC Gas to expand its overall capacity by 30%, by 2029.
