Abu dhabi: ADNOC Gas plc today announced a record net income of $5.2 billion, a 3 percent increase compared to 2024, demonstrating structurally resilient earnings and an ability to perform consistently through commodity cycles.
According to Emirates News Agency, the company’s results underscored the strength of its long-term strategy, delivering record full-year results despite an average Brent crude oil price of $69, a drop of 14 percent year-on-year. The company’s robust 2025 net income was primarily driven by the strength of its domestic gas business where its EBITDA was up 10 percent on sales volume growth of 4 percent year-on-year (YoY) and improved commercial terms.
Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas, stated that 2025 was a defining year for the company. The firm delivered record earnings while investing in growth, showing resilience and scalability in response to expanding demand for reliable gas delivery. ADNOC Gas is strategically positioned to serve both the UAE and international markets.
Looking ahead, ADNOC Gas is well positioned to capture continued domestic demand growth beyond 2026, supported by strategic infrastructure investments, including the ADNOC Estidama gas pipeline project, which will expand access to the Northern Emirates and reinforce the UAE’s long-term objective of achieving gas self-sufficiency.
The Final Investment Decision (FID) for phases two and three of the Rich Gas Development (RGD) project is anticipated in the first quarter of 2026. This expansion is one of the critical projects to enable ADNOC Gas to expand its overall capacity by 30 percent by 2029, benefiting from the growth of ADNOC’s upstream operations.
As global demand for gas grows, ADNOC Gas is investing to support the UAE’s energy security while expanding its international markets. In Q4 2025, the company reported a net income of $1.2 billion despite softer export market pricing, increasing sales volumes by 5 percent compared to Q4 2024, driven by strong domestic gas performance.
Domestic Adjusted EBITDA for Q4 2025 rose 6 percent year-on-year, with sustained demand attributed to the robust industrial sector, contributing to a 4.8 percent UAE GDP growth rate in 2025. Capital expenditure was $3.6 billion as major projects progressed, including phase one of the RGD project.
Following the commissioning of IGD E2 in late 2025, work is advancing on the ADNOC Estidama gas-pipeline project, enhancing access for industrial and utility customers in the Northern Emirates. These projects reinforce ADNOC Gas’ role in the UAE’s industrial growth and energy security.
For the financial year 2025, ADNOC Gas confirms its dividend of $3.584 billion, with interim and quarterly dividends paid in 2025, and a final dividend expected in April 2026, pending AGM approval. The dividend policy aims to increase the annual dividend by 5 percent, supported by strong free cash flow exceeding commitments by over $500 million.