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Adnoc Gas posts record $5.2 billion net income in 2025
The company attributed the performance primarily to the strength of its domestic gas business. Ebitda in this segment grew 10 per cent year‑on‑year
- PUBLISHED: Mon 9 Feb 2026, 7:10 PM
Adnoc Gas has reported a record net income of $5.2 billion for 2025, marking a 3 per cent increase over the previous year and reinforcing the company’s resilience amid fluctuating global energy prices. The achievement comes despite a 14 per cent year‑on‑year drop in average Brent crude prices, which fell to $69 per barrel.
The company attributed the performance primarily to the strength of its domestic gas business. Ebitda in this segment grew 10 per cent year‑on‑year, supported by a 4 per cent rise in domestic gas sales volumes and improved commercial terms. Fatema Al Nuaimi, CEO of Adnoc Gas, said 2025 was “a defining year” in which the company delivered record earnings while advancing strategic growth projects. She emphasized Adnoc Gas’s role in meeting rising global demand for dependable gas supply, stating that the business remains “resilient, scalable, and globally relevant.”
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Looking ahead, the company is positioning itself to meet continued growth in domestic gas demand beyond 2026. Major infrastructure projects — most notably the Adnoc Estidama gas pipeline — will expand supply to the Northern Emirates. In addition, Adnoc Gas expects to make final investment decisions in the first quarter of 2026 for phases two and three of its Rich Gas Development (RGD) project, which will contribute to a targeted 30 per cent increase in overall processing capacity by 2029.
Despite softer export market pricing, Adnoc Gas delivered a net income of $1.2 billion in Q4 2025. Domestic gas sales volumes grew 5 per cent year‑on‑year during the quarter, bolstered by steady demand from the UAE’s expanding industrial sector. This demand aligns with the country’s robust economic performance, including a 4.8 per cent GDP growth rate in 2025, driven largely by industry. Domestic adjusted Ebitda rose 6 per cent in the final quarter, further underscoring the sector’s resilience.
Capital expenditure nearly doubled in 2025 to $3.6 billion, reflecting major progress on multi‑year expansion projects. Phase one of the RGD project entered operation, increasing domestic gas processing capacity and boosting production of export‑grade liquids from richer upstream gas supplies. Meanwhile, the commissioning of the IGD‑E2 unit strengthened the company’s processing infrastructure heading into 2026.
The company also announced that its Board has endorsed a 2025 dividend of $3.584 billion, consistent with Adnoc Gas’s policy of raising annual dividends by 5 per cent. The payout includes an interim dividend issued in September 2025, a quarterly payment in December, and a final installment expected in April 2026 pending shareholder approval. Free cash flow exceeded dividend commitments by over $500 million for the year.
As Adnoc Gas continues to evolve into a global gas-processing powerhouse, the company remains a central pillar of the UAE’s long‑term energy strategy. With expanding infrastructure, robust financial performance, and accelerating project investments, Adnoc Gas aims to serve both domestic customers and international markets with strengthened capacity and confidence.
Somshankar Bandyopadhyay is a News Editor with more than three decades of experience. Currently, he manages the news production of the business section, ensuring that the top economic and business news of the day reaches its readers.
