ADNOC Gas Reports Record $1.4 Billion Profit in Q2 Thanks to Strong Local Demand

ADNOC Gas Reports Record $1.4 Billion Profit in Q2 Thanks to Strong Local Demand

ADNOC Gas made a record profit of $1.4 billion in the second quarter of 2025, which is 16% more than the same time last year. The increase was mainly due to strong demand for its products in the UAE, according to its financial report released on Wednesday.

Key Financial Results (Q2 2025)

• EBITDA (Earnings before interest, taxes, depreciation, and amortization) rose 8% to $2.3 billion.

• Revenue dropped slightly by 2% to $5.9 billion, compared to $6.1 billion last year.

The company’s Board of Directors approved a dividend of $1.8 billion, which is 5% higher than last year. The dividend will be paid in September.

ADNOC Gas, a part of the state-owned Abu Dhabi National Oil Company (ADNOC), continues to supply local customers under long-term contracts with good prices and profit margins. It also sold extra gas at better prices both in the UAE and through LNG (liquefied natural gas) exports.

ADNOC Gas provides about 60% of the UAE’s gas supply and sells to customers in over 20 countries. It is listed on the Abu Dhabi Exchange (ADX) and is ranked 11th on Forbes Middle East’s Top 100 Listed Companies 2025.

CEO Statement

“This strong performance proves we are on track to grow our EBITDA by over 40% between 2023 and 2029,” said Fatema Al Nuaimi, CEO of ADNOC Gas. She took over from Ahmed Alebri in January.

First Half of 2025 Results

• Net income rose 12% to $2.7 billion.

• EBITDA went up 6% to $4.4 billion.

• Revenue stayed flat at $12.1 billion.

The company also increased its spending on projects by 49% in the first half of the year, showing its strong focus on long-term growth.

One major step was the $5 billion investment decision for the first phase of its Rich Gas Development (RGD) project, bringing total committed spending to $20 billion.

Future Plans

ADNOC Gas will move ahead with big projects, including:

• Phase 2 of its Integrated Gas Development Expansion (IGDE-2)

• The Maximizing Ethane Recovery and Monetization (MERAM) project

• Investment decisions for the next two phases of RGD

• Progress on the Ruwais LNG project to boost its role in global LNG markets

What’s Next?

In September, ADNOC Gas is expected to be added to the FTSE Index, likely attracting over $200 million in investments. This follows its June inclusion in the MSCI Emerging Markets Index, which brought in around $500 million.

Published: 7th August 2025

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