By: AGBI

Abu Dhabi-listed Adnoc Drilling has increased its third-quarter 2025 dividend payout by 15 percent quarter on quarter as revenue surged 23 percent.

The subsidiary of state-backed Abu Dhabi National Oil Company (Adnoc) will pay $250 million in dividends for the quarter, compared to $217 million in the second quarter of 2025.

The dividend is expected to be distributed in the second half of November, the company said in a statement.

The top line increased to $1.3 billion for the July-September period, driven by an expansion of operations and the full operational impact of rigs commissioned in stages over the last year.

Net profit rose 10 percent year on year to $368 million for the quarter, supported by lower finance costs.

Revenue for the first nine months grew by 27 percent year on year to $3.6 billion, as net profit rose 17 percent to $1.1 billion. Free cash flow stood at $1.2 billion, a 174 percent increase from $439 million in the same period last year.

The rig fleet reached 148 by the end of September, including eight rigs in Oman and Kuwait. Six island rigs are expected to join the fleet gradually between 2026 and 2028.

The company’s shares closed 0.5 percent lower at AED5.77 on Monday, having gained 8 percent since the start of the year.

Adnoc owns 78.50 percent of its drilling subsidiary.