ADNOC Gas reported a record Q3 net profit of $1.34 billion, up 8% year-on-year, driven by strong domestic demand and improved margins, despite weaker oil prices.
Net income for the first nine months of 2025 reached $3.99 billion © Mena Today
ADNOC Gas reported a record Q3 net profit of $1.34 billion, up 8% year-on-year, driven by strong domestic demand and improved margins, despite weaker oil prices.
Net income for the first nine months of 2025 reached $3.99 billion, a 10% increase from the same period in 2024, even as average oil prices fell to $71 per barrel, down from $83.
A key driver was the company’s domestic gas business, with EBITDA jumping 26% to $914 million in Q3, supported by a 4% rise in sales volumes and contract optimizations.
“Our record Q3 results show the resilience of our business model,” said CEO Fatema Al Nuaimi, noting continued profit growth despite market headwinds.
ADNOC Gas will now pay quarterly dividends, with a $896 million interim payout scheduled for December 12, and has extended its 5% annual dividend increase policy through 2030.
While Q3 revenue slipped 6% to $5.93 billion, net income margins improved to 22.6%, up from 19.8% last year.
By Serguei Domtov
The Secretary-General of the Gulf Cooperation Council (GCC), Jasem Mohamed Albudaiwi, condemned Iranian attacks on civilian infrastructure in Bahrain, Jordan and Kuwait on Saturday, describing them as "war crimes."
One Indian crew member was killed and eight others were wounded when two Emirati oil tankers were struck by Iranian cruise missiles in the Strait of Hormuz, the United Arab Emirates Ministry of Defence said on Tuesday, in the latest escalation in the strategic waterway.
Sharjah Islamic Bank (SIB) posted a net profit after tax of $218.9 million (AED803.9 million) for the first half of 2026, up 15.3 percent from $189.9 million (AED697.2 million) a year earlier.
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