ADNOC Drilling Posts Robust 9M 2025 Results, Cash Flow Jumps 174%

Post by : Bianca Suleiman

ADNOC Drilling Company PJSC has published its financial results for the first nine months of 2025, registering record performance driven by disciplined operations and strategic investments. Revenue climbed 27 percent year-on-year to $3.63 billion, while net profit increased 17 percent to $1.06 billion. Free cash flow expanded markedly — up 174 percent to $1.2 billion.

The company attributed growth to effective contract delivery, wider deployment of AI across its drilling fleet and expansion of both conventional and unconventional activities. ADNOC Drilling is accelerating its unconventional well programme toward a target exceeding 300 wells per year, growing its Integrated Drilling Services (IDS) fleet to 70 rigs and advancing plans for offshore island operations before the decade's end.

By segment, onshore revenues reached $1.52 billion, a 13 percent rise year-on-year supported by unconventional development. Offshore operations, covering jack-up and island rigs, delivered $1.04 billion, up 3 percent, aided by island rig reactivations and new jack-up work. Oilfield services posted a notable 114 percent increase to $1.07 billion, including $385 million from unconventional activity and additional IDS contributions.

Financial discipline underpins the group’s capital returns. The Board approved a third-quarter 2025 dividend distribution of $250 million and reiterated its enhanced dividend framework, which targets at least $6.8 billion in returns between 2025 and 2030, providing multi-year visibility for investors.

These results reinforce ADNOC Drilling’s standing in the energy sector, reflecting resilient cash generation, ongoing technological adoption and strategic capacity expansion to support sustainable growth.