ADNOC Gas Generates $4 Billion in 9-Month Net Profit, a 10% Increase

ADNOC Gas PLC just posted its highest quarterly profit ever, earning 4.92 billion dirhams ($1.34 billion) in Q3 2025. That's an 8% jump from the same period last year, and it happened despite oil prices dropping from $83 per barrel in 2024 to $71 in the first nine months of 2025.

The company's nine-month earnings hit 14.65 billion dirhams ($3.99 billion), beating market expectations with 10% growth compared to 2024. This strong performance comes as the UAE economy continues expanding, with the IMF predicting 4.8% growth in 2025 and 5% in 2026.

ADNOC Gas's domestic operations are driving much of this success. The local gas business saw earnings before interest, taxes, depreciation, and amortization surge 26% year-over-year to 3.36 billion dirhams ($914 million) in Q3. Sales volumes jumped 4% in the first nine months as UAE's economic growth boosted domestic gas demand.

The company also improved its profit margins through successful contract renegotiations. These structural improvements helped offset the impact of lower oil prices, showing how ADNOC Gas can adapt to market changes while maintaining strong returns.

CEO Fatima Al Nuaimi said the record results demonstrate the company's business model resilience. "Despite lower oil prices, we continue delivering strong returns through operational excellence and improved commercial agreements," she noted.

ADNOC Gas is making moves to reward shareholders too. The board approved a new quarterly dividend policy starting Q3 2025, with an initial payout of 3.29 billion dirhams ($896 million) due by December 12. They also locked in annual dividend increases of 5% through 2030, giving investors predictable income growth.

This dividend strategy reflects confidence in the company's cash flow stability. Strong and predictable cash generation has become a key pillar of ADNOC Gas's financial strength, supported by steady domestic demand and operational efficiency gains.

For investors, ADNOC Gas represents exposure to the UAE's energy sector transformation. The company benefits from the country's economic diversification plans while maintaining a stable revenue base through domestic gas supply contracts. The combination of growth potential and reliable dividends makes it attractive for those seeking both income and capital appreciation in the Middle East energy market.

The quarterly dividend shift also improves cash flow timing for shareholders, moving from annual to more frequent payments. This change, combined with the guaranteed 5% annual increases until 2030, provides clearer visibility into returns and supports better financial planning for institutional and retail investors alike.