Abu Dhabi National Oil Company (ADNOC) and its portfolio of companies reported record financial results for 2025, demonstrating continued momentum across the group’s integrated value chain, according to a statement released Sunday.
Combined revenues for the six ADNOC listed companies reached 190.1 billion dirhams ($51.8 billion), with earnings before interest, taxes, depreciation, and amortization (EBITDA) totaling 61.3 billion dirhams ($16.7 billion). Net profit across the group reached 35.8 billion dirhams ($9.7 billion), reflecting strong market performance and disciplined capital management.
The companies announced a total dividend payout of 26.4 billion dirhams ($7.2 billion) for 2025, subject to shareholder approval, reinforcing ADNOC’s track record of delivering reliable and sustainable returns to investors. The announcement followed the inaugural ADNOC Investor Forum held in October 2025.
ADNOC Distribution reported a record performance in 2025, driven by strong demand for fuel and non-fuel retail services, alongside growing contributions from its international operations. EBITDA increased by 11.1% year-on-year to 4.3 billion dirhams ($1.17 billion), while net profit rose 15.4% to 2.79 billion dirhams ($761 million). Fuel volumes grew by 4.5% to 15.7 billion liters, supported by network expansion and increased demand at stations in the UAE, Saudi Arabia, and Egypt.
The company accelerated the expansion of its service station network during 2025, bringing the total number of stations to 1,010. The E2GO electric vehicle charging network also saw rapid growth, with 402 fast and ultra-fast charging points deployed across the country, supporting the UAE’s vision for sustainable mobility and solidifying ADNOC Distribution’s position as a leading provider of future mobility and integrated retail solutions.
The board of directors recommended a cash dividend of 1.28 billion dirhams ($350 million) for the second half of 2025, bringing total dividends for the year to 2.57 billion dirhams ($700 million), subject to shareholder approval.
ADNOC Drilling announced record results for 2025, reflecting progress in expanding its operations and improving performance through the integration of advanced technology and operational excellence. Revenues reached 18 billion dirhams ($4.903 billion) for the year, a 22% increase year-on-year, driven by increased conventional and oilfield services drilling activity, as well as contributions from unconventional drilling operations. EBITDA increased by 9% to 8.1 billion dirhams ($2.198 billion), while net profit rose 11% year-on-year to 5.3 billion dirhams ($1.449 million).
The board recommended a dividend payment for the fourth quarter of 2025 of $250 million (5.7 fils per share), bringing total dividends for the financial year 2025 to $1 billion, in line with the company’s updated dividend policy.
ADNOC Gas reported a record net income of 19.10 billion dirhams ($5.2 billion) for 2025, a 3% increase compared to 2024, demonstrating the resilience of the company’s profit structure and its ability to maintain stable profitability across commodity cycles. The results confirm the strength and effectiveness of the company’s long-term strategy, with ADNOC Gas achieving a record annual performance despite a 14% year-on-year decrease in average Brent crude prices to $69.
The strong net income in 2025 was primarily driven by the robust performance of the company’s gas business in the domestic market, with earnings before interest, taxes, depreciation, and amortization increasing by 10% due to a 4% year-on-year growth in sales volumes and improved commercial terms for contracts.
ADNOC Gas confirmed dividends of 13.16 billion dirhams ($3.584 billion) for the financial year 2025, consistent with the company’s policy of increasing annual dividend payouts by 5% per share, and reflecting strong free cash flows exceeding the company’s dividend commitment by more than 1.84 billion dirhams ($500 million).
ADNOC Logistics & Services also achieved record results during the year, with revenues increasing by 41% year-on-year to 18.4 billion dirhams ($5 billion). EBITDA increased by 32% to 5.6 billion dirhams ($1.5 billion), and net profit rose by 14% to 3.2 billion dirhams ($863 million).
During the year, the company completed the acquisition of an 80% stake in Navig8, enhancing ADNOC Logistics & Services’ global presence, expanding its customer base, and supporting its integrated logistics platform through a larger and more diversified fleet.
The board of directors recommended dividends for the fourth quarter of 2025 of 298.4 million dirhams, bringing total dividends for 2025 to 1.194 billion dirhams ($325 million).
Borouge announced exceptional results for the financial year 2025, reporting a net profit of 4.04 billion dirhams ($1.1 billion) and revenues of 21.48 billion dirhams ($5.85 billion), supported by record annual sales volumes of 5.4 million tonnes. The company maintained a leading sector margin of 37% EBITDA, confirming continued strong operational excellence despite market volatility.
Borouge confirmed its intention to distribute dividends of 16.2 fils per share for the financial year 2025, subject to shareholder approval.
Fertiglobe reported strong results for 2025, supported by disciplined execution of its strategic initiatives and favorable market conditions. Revenues increased by 41% year-on-year to 10.35 billion dirhams ($2.82 billion), while adjusted EBITDA increased by 57% to 3.74 billion dirhams ($1.02 billion). Adjusted net profit reached 1.19 billion dirhams ($325 million), an 87% increase year-on-year.
The company recorded record production levels in Algeria and Egypt and made progress in implementing its manufacturing optimization program, which is 46% complete. Fertiglobe also neared completion of its $55 million cost reduction program, supported by ADNOC, and the acquisition of Wynngro Australia expanded its footprint in the finished products sector, while improved ammonia sales strategy in Egypt enabled higher margins alongside continued operational efficiency improvements.
The board recommended dividends for the second half of 2025 of 496 million dirhams ($135 million), bringing total dividends for the year to 955 million dirhams ($260 million), alongside share buybacks totaling $74 million to date, bringing total capital returns to shareholders in 2025 to $334 million, representing a competitive return of over 5%.
