ADNOC Gas posts record quarterly profit despite lower prices

ADNOC Gas announced on Wednesday that its net profit for the second quarter rose by 16% as a result of a strong domestic market and improved operational efficiency, which helped to offset lower hydrocarbons prices.

The subsidiary of Abu Dhabi’s state oil company reported a net profit of $1.385 Billion in the three-month period ending June 30, its highest quarterly earning.

Gas processing and sales firm said that earnings before interest tax, depreciation, and amortization rose by 8%, to $2.256billion, and margins improved across the portfolio. The company's revenue fell 2% to $5.96 Billion, but cost-cutting and higher-margin products helped support earnings growth.

Fatema Al Nuaimi, CEO of ADNOC Gas, said: "We're pleased to announce the highest quarterly profit in ADNOC Gas history." She cited improved market performance locally and a robust performance on the local market.

The board of directors approved a dividend for September that is an increase of 5% over the previous year.

ADNOC Gas increased its capital expenditures by 49% during the first half 2025. This included a $5 billion investment into the first phase Rich Gas Development project (RGD). The company also plans to advance the Ruwais LNG Project and other initiatives that aim to expand its LNG footprint.

ADNOC Gas reported that it had seen capital inflows in the amount of $500 million following its inclusion in MSCI Emerging Markets Index. It expects to be included in the FTSE Index by September, which could attract an additional $200,000,000 in passive investment. (Reporting and editing by Jan Harvey; Yousef Saba, reporting)

(source: Reuters)