• Shareholders are expected to receive a minimum 5% increase in the 2026 dividend payout, to be applied annually until at least the end of 2030, in line with the progressive dividend policy.
• The company is achieving exceptional performance in 2025, entering a new phase of disciplined growth based on increased cash flow generation, regional expansion, and large-scale development of the unconventional resources sector.

Abu Dhabi, United Arab Emirates : ADNOC Drilling PJSC (“ADNOC Drilling” or the “Company”), listed on the Abu Dhabi Securities Exchange under the symbol (ADNOCDRILL) and International Financial Reporting Number (AEA007301012), announced today that its shareholders have approved all items on the agenda of its Annual General Meeting, including the adoption of the final quarterly dividends for 2025, bringing the total dividends paid for 2025 to $1 billion.

These approvals followed an exceptional year for the company, during which it achieved unprecedented financial and operational performance through disciplined execution, maintaining high and stable asset utilization rates, and a well-considered expansion in integrated energy services. As a result of this integrated performance, the company recorded its best financial results in its history in 2025, with revenues reaching AED 18 billion (US$4.9 billion), a 22% year-on-year increase, and net profit rising to AED 5.3 billion (US$1.45 billion), an 11% year-on-year increase.

On this occasion, His Excellency Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, Managing Director and CEO of ADNOC and its group of companies, and Chairman of the Board of Directors of ADNOC Drilling, said:   “ADNOC Drilling recorded record results in 2025, thanks to operational excellence, expansion into integrated energy services, and success in converting the large scale of its business into strong cash flows. As the UAE and ADNOC continue to accelerate the development of conventional and unconventional energy sources, ADNOC Drilling continues to expand its operations with high efficiency, while adhering to safety standards and leveraging technology, AI tools, and solutions to improve performance and enhance returns.”

He added: “The approval by ADNOC Drilling shareholders of a total dividend of $1 billion for 2025, and an increase in the 2026 dividend by at least 5%, confirms their firm confidence in the company’s strategy, its disciplined financial and operational approach, and its ability to continue to deliver long-term value driven by a clear vision of future cash flows.”

His Excellency stressed that the safety and security of human resources remains a top priority for ADNOC Drilling, especially in light of the current regional conditions. He explained that the company’s work is based on strong foundations, a clear strategy, and a specific vision for the activities of the next phase, which contributes to enhancing operational flexibility and anticipating the future.

The company confirmed that its core drilling operations were not significantly impacted by recent regional developments, with revenue from these operations accounting for approximately 90% of the company's net income in 2025. In the oilfield services sector, the company successfully mitigated the impact of tensions during the first quarter of 2026 and remains on track to deliver performance largely in line with its quarterly guidance. The company will continue to closely monitor developments, implement precautionary measures, and provide necessary updates should any developments occur during the second quarter and beyond.

Looking ahead, the company is built on solid and sustainable foundations, a clear vision for its contracted activities, strong cash flows, and a disciplined growth strategy. These pillars provide a robust base that enables ADNOC Drilling to responsibly plan to enhance its contribution to expanding the UAE’s energy production capacity and explore regional expansion opportunities.

The results of the General Assembly meeting reaffirm shareholders’ continued confidence in ADNOC Drilling’s ability to generate strong cash flows, its commitment to a disciplined approach to capital allocation, and its growing role in supporting the UAE’s long-term energy production capacity plans. Ranked among the top ten most profitable companies listed on the Abu Dhabi Securities Exchange, ADNOC Drilling is embarking on a new phase of growth, underpinned by a strong balance sheet, expanded integrated energy services capabilities, and an increasing regional presence.

Dividend distribution for the year ending December 31, 2025

ADNOC Drilling shareholders approved a final dividend of $250 million (approximately 5.7 fils per share) for 2025, in line with the company’s progressive dividend policy. This brings the total dividend for the fiscal year to $1 billion (approximately 23 fils per share), payable at the end of April 2026 to shareholders registered in the company’s records as of April 13, 2026. The Board of Directors reaffirmed its commitment to enhancing growth and increasing returns, recommending a minimum 5% increase in the 2026 dividend, to be maintained until at least the end of 2030. These increases will be implemented based on the company’s free cash flow and its disciplined approach to capital allocation.

Record performance and rewarding returns for shareholders

Since its initial public offering in 2021, ADNOC Drilling has consistently delivered record-breaking performance, underpinned by efficient execution, large-scale and sustainable operational expansion, and consistent and reliable dividend growth, cementing its position as one of the most profitable companies listed on the Abu Dhabi Securities Exchange. The company will continue to focus on enhancing operational efficiency, expanding its integrated drilling services portfolio, and strengthening its regional presence, while maintaining its unwavering commitment to safety, operational excellence, and delivering sustainable shareholder value.

Expanding the use of technology, integrated drilling services, and regional growth

During 2025, the company succeeded in making tangible progress in implementing its growth strategy, through expanding the scope of integrated drilling and oilfield services, developing its capabilities in the field of unconventional resources, along with progress in implementing regional growth initiatives, and integrating technology, including strategic investment in SLDC, Turnwell, and Enersol.

It is worth noting that ADNOC Drilling is implementing its regional expansion plans within a clear strategy aligned with its core strategy, which aims to enhance value while maintaining capital efficiency and achieving attractive returns. Simultaneously, the company continues to build a strong capability to expand into unconventional energy using a scalable and repeatable model. It is enhancing these efforts through superior performance supported by technology and artificial intelligence across all stages of its operations, reinforcing its position as a highly efficient and agile integrated energy services company with strong capital management.

About ADNOC Drilling

ADNOC Drilling is a public joint-stock company listed on the Abu Dhabi Securities Exchange (ADX) under the symbol ADNOCDRILL and ISIN: AEA007301012. It is the largest integrated drilling and well services provider in the Middle East, operating one of the largest, most technologically advanced, and most diversified drilling fleets. The company provides comprehensive well solutions across the entire drilling value chain and is a key component of ADNOC’s exploration, development, and production operations, as well as a vital supporter of the UAE’s energy and gas growth objectives. With the integration of integrated drilling services into its portfolio since 2018, ADNOC Drilling has ushered in a new era of operational excellence and innovation, driven by advanced technology and a rigorous commitment to the highest sustainability standards. For more information, please visit the company’s website at www.adnocdrilling.ae or follow us on LinkedIn @ADNOCDrilling.

For media inquiries, please contact us via email at: media.adnocdrilling@adnoc.ae

For investor inquiries, please contact us via email at: ir@adnocdrilling.ae

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