Adnoc Drilling has announced a significant 17% increase in net profit for the first nine months of 2025, reaching $1.06 billion. This growth is attributed to heightened activity across onshore, offshore, and integrated drilling services. Revenue for the period soared by 27% to $3.63 billion, driven by improved rig utilization, expanded unconventional drilling programs, and a sharp rise in integrated drilling services. Free cash flow surged by 174% to $1.2 billion, enabling the company to enhance shareholder returns while investing in fleet expansion and technological advancements. Return on equity stood at 36%, and return on capital employed at 25%, reflecting the company’s operational efficiency and robust margins. CEO Abdulla Ateya Al Messabi highlighted the disciplined execution and resilience of Adnoc Drilling’s contract model, emphasizing plans for transformational growth. The company aims to expand unconventional capacity to over 300 wells annually and grow its integrated drilling services fleet to approximately 70 rigs by 2026. These initiatives are expected to generate billions in new revenue streams, supported by in-house technical capabilities and a transition to becoming an AI-native company. Onshore revenue increased by 13% to $1.52 billion, while offshore jack-up and island drilling revenue reached $1.04 billion. Oilfield services revenue skyrocketed by 114% to $1.07 billion. Shareholders will benefit from a third-quarter dividend of $250 million, with the company targeting a minimum of $6.8 billion in distributions between 2025 and 2030. Adnoc Drilling is also advancing strategic initiatives, including joint ventures in Kuwait and Oman, and accelerating AI and automation adoption across fleet operations. Looking ahead, the company anticipates revenue of around $5 billion in 2026 and aims to expand its fleet to over 151 rigs by 2028.