ADNOC Gas achieves record profit and accelerates its investment strategy in 2025

With a net profit of $1.385bn in the second quarter of 2025 and a sharp rise in capex, ADNOC Gas consolidates its position in the global natural gas market.

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ADNOC Gas reported a record net profit of $1.385bn in the second quarter of 2025, representing a 16% increase compared to the previous year. This result comes in a context of relative price stability, demonstrating the strength of the company’s business portfolio, particularly in the domestic market where long-term contracts ensure recurring revenues.

Robust operational performance and improving margins

Revenue reached $5.96bn for the period, a slight decrease of 2% year-on-year, while EBITDA rose to $2.256bn, up 8%. Operational margins continued to improve, with EBITDA reaching 37.9% of revenue, compared to 34.3% a year earlier. Additional sales of liquefied natural gas (LNG) in both local and international markets enabled the company to maintain its results despite lower prices.

Strengthening capex and acceleration of strategic projects

ADNOC Gas increased its capital expenditure (capex) by 49% in the first half of 2025, supporting the advancement of its major projects. The launch of the Rich Gas Development (RGD) project, whose first phase represents a $5bn investment, brings the total commitment to $20bn. The company is also pursuing the expansion of the Integrated Gas Development (IGDE-2) and the Maximizing Ethane Recovery and Monetization (MERAM) programme. These projects are designed to enhance portfolio diversification and maximise revenue streams in an evolving market environment.

The Ruwais LNG project continues to progress, allowing ADNOC Gas to strengthen its presence in the liquefied natural gas segment. This strategy aims to capture new export market shares in a sector where global demand remains dynamic.

Financial momentum and technological innovation

The Board of Directors approved an interim dividend of $1.792bn, up 5%, scheduled for distribution in September. The recent inclusion in the MSCI Emerging Markets Index generated an estimated capital inflow of $500mn. The expected entry into the FTSE Index in September should attract more than $200mn in additional inflows, improving the company’s liquidity and visibility on international markets.

ADNOC Gas has also implemented the MEERAi artificial intelligence tool at its latest Board meeting, designed to optimise strategic decision-making using real-time data. The company aims to support more than 40% EBITDA growth between 2023 and 2029, backed by dynamic asset management and an ambitious investment policy.

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