ABU DHABI, Oct. 28: ADNOC Drilling Company PJSC reported a 27 percent increase in revenue to US$3.63 billion for the first nine months of 2025, up from the same period last year. Net profit rose 17 percent to US$1.06 billion, while free cash flow climbed 174 percent to approximately US$1.2 billion. The Abu Dhabi-based drilling firm said its on-shore operations generated US$1.52 billion in revenue, representing a 13 percent year-on-year increase. Offshore activities including jack-up rigs and island operations posted US$1.04 billion in revenue, up 3 percent.
The oilfield services segment recorded US$1.07 billion in revenue, more than doubling year-on-year, supported by a US$385 million contribution from unconventional drilling business. The company’s board approved a third-quarter dividend of US$250 million (approximately 5.7 fils per share), payable in November to shareholders of record November 6. The firm also reaffirmed a dividend framework aiming for at least US$6.8 billion in distributions over the period 2025-2030. Abdulla Ateya Al Messabi, Chief Executive Officer of ADNOC Drilling, said the results reflect disciplined execution and the resilience of the business model. He also referenced expanded use of artificial-intelligence technologies across the fleet and progress in the company’s unconventional drilling operations.
By business lines, the drilling company noted that the on-shore segment’s growth was supported by heightened activity in the unconventional wells area. The modest increase in the offshore segment was attributed to the reactivation of island rigs and the start-up of new jack-up rigs late in the second quarter. Oilfield services growth was attributed to increased integrated drilling services, discrete service contracts and higher contributions from the unconventional business. ADNOC Drilling said the 174 percent surge in free cash flow to about US$1.2 billion underscores improved cash generation and operational performance. The company attributed this to stronger contract performance and improved efficiency across its operations.
Oilfield services revenue surges on unconventional activity
The firm’s results were published via its investor relations portal, showing detailed segmental-revenue breakdowns and financial disclosures. No forward-looking guidance beyond the confirmed dividend framework was included in the release. The results come amid a broader industry backdrop of increasing drilling-services demand and technological integration in oilfield operations. ADNOC Drilling’s performance in the nine-month period marks one of the strongest to date for the company, reflecting both revenue expansion and strong cash-flow delivery. – By Content Syndication Services.