ADNOC Gas has reported a net income of $1.17bn for the fourth quarter (Q4) of 2025, a 15% decrease compared to $1.4bn for the same period of 2024.
The company has reported revenue of $5.5bn for Q4 2025, a 10% decrease compared to $6.1bn for the same period of 2024.
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ADNOC Gas expanded its sales volumes by 5% over the same period in 2024, mainly due to steady demand across the UAE.
For Q4 2025, the company reported EBITDA of $2.04bn, a 10% decrease compared to $2.2bn for the same period of 2024.
Domestic adjusted EBITDA for the quarter increased by 6% on a year-on-year basis, supported by consistent activity within the UAE’s industrial sector.
For the full year, ADNOC Gas has reported a net income of $5.2bn in 2025, a 3% increase compared to $5bn in 2024. The company achieved this result in the context of an average Brent crude oil price of $69 per barrel, which represented a 14% year-on-year decrease.
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By GlobalDataThe company has reported revenue of $23.5bn in 2025, a 4% decrease compared to $24.4bn in 2024. For the full year, ADNOC Gas has reported EBITDA of $8.6bn, which is unchanged compared to 2024.
For the year, ADNOC confirmed it would pay shareholders a total dividend of $3.58bn. An interim cash dividend of $1.79bn was distributed in September 2025, followed by a quarterly dividend of $896m in December 2025.
Capital expenditure reached $3.6bn during 2025 as ADNOC advanced several major projects. These included phase one of the Rich Gas Development (RGD) project, aimed at expanding domestic processing capacity and increasing production from new gas supplies.
The commissioning of Integrated Gas Development Expansion 2 (IGD E2) in late 2025 enabled continued progress on the ADNOC Estidama gas pipeline project, which seeks to enhance access for industrial and utility customers in the Northern Emirates.
ADNOC Gas CEO Fatema Al Nuaimi said: “2025 was a defining year for ADNOC Gas. We delivered record earnings while investing in growth, demonstrating that our business is resilient, scalable, and globally relevant.
“As demand for reliable delivery of gas continues to expand, ADNOC Gas is strategically positioned to serve both the UAE and international markets with confidence and discipline.”
Looking ahead, ADNOC plans to address further domestic demand growth beyond 2026 through infrastructural investments such as the Estidama pipeline.
It expects to make a final investment decision on phases two and three of the RGD project in early 2026, supporting its aim to expand overall capacity by 30% by 2029.
In January 2026, ADNOC entered into a ten-year agreement to supply liquefied natural gas (LNG) to Hindustan Petroleum Corporation (HPCL) of India, with the contract valued at between $2.5bn and $3bn.
