ADNOC Gas announced on Wednesday its Q2 2025 results, revealing that its net income rose by 16 percent year-on-year to a record $1.385 billion, and EBITDA increased by 8 percent annually to $2.256 billion.
“We are pleased to report the highest quarterly net income in ADNOC Gas’s history, fueled by our strong local market business and improved operational efficiency. This performance shows that we are well on our way to achieving our ambition of over 40 percent EBITDA growth between 2023 and 2029, as outlined in our strategy update last November,” said Fatema Al Nuaimi, CEO of ADNOC Gas.
ADNOC Gas to distribute $1.792 billion dividend in September
Q2 2025 saw a strong performance across ADNOC Gas’s product portfolio, especially in the local gas market. The company serves local customers under long-term contracts with competitive prices and improved underlying margins.
ADNOC Gas also capitalized on opportunities to sell additional volumes at favorable prices in the local gas market and in the export market as Liquefied Natural Gas (LNG). The Q2 results show that the company’s product portfolio is resilient to oil price volatility.
The board of directors approved an interim dividend of $1.792 billion, up 5 percent YoY, scheduled for distribution in September.
In the first half of 2025, ADNOC Gas increased Capex by 49 percent YoY. The company made significant progress with its strategic initiatives, including the $5 billion Final Investment Decision on the first phase of its Rich Gas Development project (RGD), which takes the committed Capex to $20 billion.
Growth projects to expand revenue streams
In the near and medium term, the company expects to deliver the Integrated Gas Development Expansion – Phase 2 (IGDE-2), Maximizing Ethane Recovery and Monetization (MERAM), and to take the investment decision on the remaining two phases of the RGD project.
Furthermore, ADNOC Gas is progressing other growth projects, like the Ruwais LNG project, to capture an increasing share of the LNG market. LNG is a valuable and growing part of the company’s product portfolio.
Overall, the growth projects will further strengthen ADNOC Gas’s product portfolio, allowing for additional revenue streams and improved margins.
“With healthy cashflows and robust margins, we remain well-positioned for long-term growth, and our resilient business model continues to deliver strong returns,” Al Nuaimi added.
Read: Saudi Aramco posts $48.68 billion net profit in H1 2025, expects stronger oil demand in H2
ADNOC Gas on track for entry into FTSE Index in September 2025
Following its inclusion in the MSCI Emerging Markets Index in June 2025, ADNOC Gas experienced a significant net capital inflow of approximately $500 million. The company is now on course to join the FTSE Index in September 2025, with market estimates of added inflows of over $200 million, further elevating its global investment profile and diversifying its investor base, thereby significantly enhancing liquidity and trading volumes.
ADNOC Gas has also continued its AI journey with the rollout of MEERAi at its most recent Board of Directors meeting. MEERAi is the latest addition to the suite of AI Agents being deployed across ADNOC’s value chain. Purpose-built for leadership use, MEERAi delivers real-time data-driven insights that enable the board of directors to make faster, more informed decisions.
