ADNOC Drilling has announced that it will pay a second-quarter dividend of $217 million to shareholders in August, following a robust performance in the first half of 2025. The payout, equivalent to approximately 5 fils per share, will be distributed in the second half of August to all shareholders of record as of August 8, 2025.
The ADX-listed company recorded a 30 percent increase in revenue for the first half of 2025, reaching $2.37 billion. This growth was fueled by a series of project wins, many tied to ADNOC’s broader exploration initiatives. Profit for the period also rose significantly, up 21 percent to $692 million.
“ADNOC Drilling has consistently demonstrated its ability to grow in any phase of the energy cycle,” said Abdulla Ateya Al Messabi, CEO of ADNOC Drilling. “With this momentum, we are firmly on track to achieving our full-year growth targets.”
The company’s performance is supported by strong contract additions, with $4.8 billion in new awards secured during the first half, marking the strongest period in its history for building backlog.
In line with its progressive dividend policy, ADNOC Drilling has now issued two quarterly dividends this year and expects to announce a third later in 2025. A company statement noted that the stock offers “a blend of attractive income and growth,” and highlighted its commitment to providing shareholders with “highly visible and growing returns.”
Shares of ADNOC Drilling have risen more than 8 percent so far this year, trading at AED 5.77 on the Abu Dhabi Securities Exchange (ADX).
In addition to domestic expansion, the company is making strategic moves beyond the UAE. ADNOC Drilling is in the process of acquiring a 70 percent stake in SLB’s land drilling business in Kuwait and Oman. Once finalized, the deal will give ADNOC Drilling immediate access to eight operational rigs, two in Kuwait and six in Oman, providing a direct boost to earnings and cash flow.
This acquisition is seen as a natural step in ADNOC Drilling’s ongoing push to expand across key GCC markets.
According to the company, ADNOC Drilling is now the most widely covered stock in the MENA region, with 20 global equity analysts issuing coverage. The majority maintain a “buy” rating, citing strong fundamentals, steady growth, and a shareholder-friendly dividend outlook.
