By: Zawya

ADNOC Drilling Company announced its financial results for the second quarter and first half of 2025, demonstrating strong performance across revenue, EBITDA, and net profit. Key 1H 2025 highlights included revenue growth of 30% YoY to $2.37 billion, EBITDA of $1.08 billion, and net profit of $692 million, up 21% YoY. The Board of Directors approved a $217 million second quarterly dividend for 2025, reinforcing the company's commitment to delivering reliable income to shareholders.

Onshore revenue increased by 18% YoY to $1.0 billion, primarily due to new rigs commencing operations and a $79 million contribution from the unconventional business. Offshore revenue marginally increased 1% YoY to $671 million, mainly due to reactivation of island rigs. Oilfield Services revenue increased by 127% YoY to $689 million, driven by $265 million in revenue from unconventional business and increased integrated drilling services (IDS) activity.

ADNOC Drilling entered into an agreement to acquire a 70% stake in SLB's land drilling rigs business in Kuwait and Oman, accelerating its expansion into key GCC geographies. Enersol, ADNOC Drilling's energy technology investment platform, continued its strategic momentum in 2Q 2025, advancing local operations and deepening its technology footprint across the UAE. Turnwell, ADNOC Drilling's unconventional drilling specialist, reached new operational milestones in 2Q 2025, demonstrating robust execution and setting the stage for potential future expansion.

ADNOC Drilling added approximately $4.8 billion in new contracts in 2025, delivering long-term earnings visibility through 2040 and beyond. The company continues to embed AI, automation, and advanced analytics across its operations to enhance efficiency, safety, and reliability.