ADNOC Drilling has published its financial results for the second quarter (2Q) and first half (1H) of 2025, announcing record-breaking performance across revenue, EBITDA and net profit while maintaining strong momentum in shareholder returns and delivering regional expansion.
Key 1H 2025 highlights, fueled by fleet expansion, rig utilization and OFS growth
Revenue: $2.37 billion, +30% year-on-year
EBITDA: $1.08 billion, +19% year-on-year
Net Profit: $692 million, +21% year-on-year
“Our record first half 2025 results once again demonstrate the strength, resilience, and scalability of ADNOC Drilling,” said Abdulla Ateya Al Messabi, ADNOC Drilling CEO. “We continue to deliver outstanding financial performance, dependable shareholder returns and disciplined regional expansion, all underpinned by our commitment to deploying AI and advanced technologies.”
Strong segmental growth
Onshore: Revenue increased by 18% year-on-year to $1.0 billion, mainly due to new rigs commencing operations and a $79 million contribution from the unconventional business
Offshore (Jackup and Islands): Revenue marginally increased 1% year-on-year to $671 million, mainly due to reactivation of island rigs, whereas the two new jack-ups, previously announced, will fully contribute to revenue from the third quarter
Oilfield Services (OFS): Revenue increased by 127% year-on-year to $689 million, driven by $265 million in revenue from unconventional business, coupled with increased integrated drilling services (IDS) activity and additional discrete services
Joint ventures add strategic value
Regional Expansion in Kuwait and Oman: The Company’s entry into an agreement to acquire a 70% stake in SLB’s land drilling rigs business in Kuwait and Oman, is a natural next step in its growth journey and reinforces its position as one of the leading companies in drilling and integrated services.
Enersol – Advancing Energy Technology for the UAE: Enersol, ADNOC Drilling’s energy technology investment platform, continued its strategic momentum in 2Q 2025 by advancing local operations and deepening its technology footprint across the UAE.
Turnwell – Unlocking the UAE’s Unconventional Resources: Turnwell, ADNOC Drilling’s unconventional drilling specialist, reached new operational milestones in 2Q 2025 as it expanded its presence across the UAE’s onshore unconventional basins.
AI and Automation Continue to be Rolled Out across ADNOC Drilling
ADNOC Drilling continues to embed AI, automation, and advanced analytics across its operations to enhance efficiency, safety, and reliability. From well planning to execution and maintenance, the Company is leveraging digital tools to optimize performance, reduce downtime and support faster, more informed decision-making. At the most recent ADNOC Drilling Board of Directors meeting, MEERAi, ADNOC’s new AI tool that enables smarter and quicker executive decision making, was deployed.
