Abu Dhabi’s ADNOC Gas reported its strongest ever quarterly net profit on Tuesday, defying a lower price environment with a 16% year-on-year increase in net income to $1.385 billion for the second quarter of 2025.
The robust performance was underpinned by resilient local demand, improved margins and strategic volumes sold into both domestic and international markets, the company said.
EBITDA rose 8% year-on-year to $2.256 billion in the quarter, as ADNOC Gas capitalised on favourable pricing opportunities and long-term contract stability. The company, which is listed on the Abu Dhabi Securities Exchange under the ticker ADNOCGAS, said its product portfolio continues to show resilience despite oil price volatility.
The board approved an interim dividend of $1.792 billion for the first half of the year, marking a 5% increase from the same period last year. The payout is scheduled for distribution in September.
ADNOC Gas plays a key role in the UAE’s power generation sector, supplying approximately 60% of the country’s sales gas, which is a critical fuel source for power plants across the Emirates.
CEO Fatema Al Nuaimi said the quarterly performance reflected both operational efficiency and the strength of ADNOC Gas’ domestic market position. “We are pleased to report the highest quarterly net income in ADNOC Gas’ history,” she said. “This performance shows we are well on our way to achieving our ambition of over 40% EBITDA growth between 2023 and 2029.”
Increased capital expenditure was also a feature of the first half, with the company ramping up spending by 49% year-on-year. Key milestones included the $5 billion final investment decision on the first phase of its Rich Gas Development (RGD) project, bringing total committed capital expenditure to $20 billion.
ADNOC Gas said it expects to advance other major projects such as the Integrated Gas Development Expansion (Phase 2), the Maximizing Ethane Recovery and Monetization (MERAM) project, and additional phases of the RGD project. The Ruwais LNG facility also remains a strategic focus as the company aims to grow its share in the global liquefied natural gas market.
The company’s gas supply supports electricity generation in UAE and external markets, helping meet the growing energy demand driven by population growth and economic expansion.
The energy firm has continued to attract significant investor interest following its inclusion in the MSCI Emerging Markets Index in June. Capital inflows of around $500 million were recorded post-inclusion, and the company is now on track for inclusion in the FTSE Index in September 2025, which could bring in an additional $200 million in passive inflows, further broadening its investor base and boosting liquidity.
ADNOC Gas also said it is deepening its use of artificial intelligence tools at the board level. The company recently rolled out MEERAi, a proprietary AI system developed to support data-driven decision making for senior leadership. It is the latest initiative in ADNOC’s broader digitalisation strategy across its gas and energy value chains.
The company supplies roughly 60% of the UAE’s gas needs and serves end-customers in more than 20 countries.
