Abu Dhabi, UAE — ADNOC Drilling Company has approved the final cash dividend of $394 million for 2024, taking the total 2024 dividend to $788 million (c.18.1 fils per share), representing a 10 percent year-on-year increase versus 2023.
The dividend will be paid on or around 11th April 2025, to all shareholders of record as of 27th March 2025.
ADNOC Drilling’s full-year revenue increased significantly to a record $4.034 billion, rising by 32 percent year-on-year and its full-year EBITDA reached a record high of $2.01 billion, up 36 percent year-on-year. Since the Company’s listing on ADX in 2021, its net profit for the full year has more than doubled, culminating in $1.30 billion in 2024.
Abdulrahman Abdulla Al Seiari, ADNOC Drilling CEO, said, “Our record-breaking financial performance and dividend reflect ADNOC Drilling’s strong momentum as the world’s fastest growing energy services company. With a 10 percent dividend increase to $788 million in 2024 and a commitment to further increase it by at least 10% in 2025 and beyond, we continue to deliver exceptional value to our shareholders while investing in the future.”
On the back of record 2024 financial results, ADNOC Drilling announced its full year 2025 guidance, reaffirming continued growth. Among the key guidance metrics, in 2025 the Company expects total revenue between $4.6 to $4.8 billion, and EBITDA of $2.15 to $2.3 billion with a margin range of 46 percent-48 percent. Net Profit is expected to be between $1.35 to $1.45 billion, with a margin range of 28 percent-30 percent.
