ADNOC Gas' quarterly profit increases by 8% due to strong domestic demand and better margins

ADNOC Gas announced a 8% increase in its third quarter net profit, to $1.34bn, on Thursday. This was its highest ever for this period. Strong domestic demand and improved margins were able to offset the weaker oil prices.

ADNOC's subsidiary in Abu Dhabi reported a net profit of $3.99 billion for the three-quarter period ended September 30th, 2025. This is an increase of 10% over a year ago.

ADNOC Gas reported that the profit growth was achieved despite the average oil price of $71 per barrel during the nine month period. This compares to $83 per barrel in the same period the previous year.

In the third quarter of 2016, EBITDA (earnings before interest, taxes, depreciation, and amortization) reached a record high of $914 million, a 26% increase.

ADNOC Gas attributes this to "successful structure improvements" from contract renegotiation and a 4% increase in domestic sales volume.

In a press release, Chief Executive Officer Fatema al Nuaimi stated that "our record Q3 results...are a testament to our business model's resilience and adaptability." "Our profitability continues growing, even though oil prices are low."

ADNOC Gas is aiming to distribute dividends every quarter, with an interim payout of $896 million due by December 12th. The increased payout frequency is part of a larger plan announced by several ADNOC subsidiary last month.

The board of directors also approved a 5% increase in dividends per year until 2030.

However, the third-quarter revenues dropped by 6%, to $5.931 Billion, and net profit margins increased to 22,6% from 19,8% a year earlier.

(source: Reuters)