ADNOC Gas confirmed shareholder approval of a record $3.584 billion dividend for 2025, with a final dividend of $896 million payable in May, at its Annual General Meeting on Monday.
Last year, the company delivered record net income of $5.2 billion despite a 14 per cent year-on-year (YoY) decline in average Brent prices to $69 per barrel. EBITDA from the domestic gas business increased by 10 per cent YoY, supported by 4 per cent YoY sales volume growth and improved commercial terms.
ADNOC Gas also strengthened its capital markets positioning during the year, completing the largest secondary share offering ever on the ADX and in the UAE, raising $2.84 billion through the placement of 3.1 billion shares. The company was subsequently included in the MSCI Emerging Markets Index and FTSE Emerging Index, attracting more than $750 million in passive inflows and further diversifying its global investor base.
It has set a dividend target of $24.4 billion for the period 2025 to 2030 and transitioned to quarterly dividend payments from the third quarter of 2025, providing shareholders with more frequent and visible returns.
For the 2025 financial year, the total dividend of $3.584 billion comprises an interim cash dividend of $1.792 billion paid in September 2025, a quarterly dividend of $896 million paid in December 2025, and a final dividend of $896 million to be paid in May 2026.
The 2025 dividend is in line with the Company’s policy of 5 per cent annual dividend growth and is fully supported by strong free cash flow generation, exceeding the 2025 dividend commitment by more than $500 million.
ADNOC Gas recently experienced an incident at the Habshan complex due to falling debris following the successful interception by air defence systems, which led to one of their contractors losing his life and several colleagues injured during the evacuation of site.
On behalf of the Board, Chairman Dr Sultan Ahmed Al Jaber extended his heartfelt condolences to the bereaved family and wished the injured a swift recovery. The affected area has been isolated, and customer supply remains uninterrupted through ADNOC Gas’ other facilities.
The company said it is conducting a thorough assessment of the damage.
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