Adnoc Gas has announced unprecedented financial results for fiscal year 2025, achieving a record-breaking net income of $5.2 billion despite significant challenges in global energy markets. This performance represents a 3% year-over-year increase, demonstrating remarkable resilience amid declining Brent crude prices that fell 14% to average $69 per barrel throughout the year.
The company’s exceptional results were primarily driven by its robust domestic gas operations, where EBITDA surged by 10% annually. This growth was supported by a 4% increase in domestic gas sales volumes and enhanced commercial terms. CEO Fatema Al Nuaimi characterized 2025 as “a defining year” for the organization, highlighting both financial achievements and strategic progress.
Strategic expansion initiatives are underway to address growing domestic demand beyond 2026. The Adnoc Estidama gas pipeline project will significantly enhance supply capabilities to the Northern Emirates. Additionally, the company plans to make final investment decisions in Q1 2026 for phases two and three of its Rich Gas Development project, aiming to boost overall processing capacity by 30% by 2029.
The fourth quarter of 2025 yielded a substantial $1.2 billion net income, with domestic gas sales volumes growing 5% year-over-year. This growth aligns with the UAE’s strong economic performance, including a 4.8% GDP expansion driven largely by industrial sector development.
Capital expenditures nearly doubled to $3.6 billion in 2025, reflecting substantial progress on multi-year expansion projects. The commissioning of Phase one of the RGD project and the IGD-E2 unit have already enhanced processing capabilities and export-grade liquids production.
Adnoc Gas’s Board has endorsed a $3.584 billion dividend for 2025, maintaining the company’s policy of increasing annual dividends by 5%. The company generated free cash flow exceeding dividend commitments by over $500 million, demonstrating strong financial health.
Positioned as a growing global gas-processing leader, Adnoc Gas continues to serve as a cornerstone of the UAE’s long-term energy strategy, balancing domestic needs with international market opportunities through expanded infrastructure and strategic investments.