Dividends exceed US$ 500mn
ADNOC Drilling delivered record second quarter (Q2) and first half (H1) 2026 revenue, driven by strong Oilfield Services (OFS) growth, disciplined execution and a highly contracted revenue base that provides strong earnings visibility.
The Company maintained uninterrupted operations throughout the period, supported by strong execution and high fleet availability. Reflecting this performance and continued confidence in the business, ADNOC Drilling reaffirms its full-year 2026 guidance.
Strong free cash flow supported a US$ 262.5mn quarterly dividend for Q2, bringing dividends declared in H1 2026 to US$ 525mn. The early deployment of AD-300, ADNOC Drilling’s first AI-enabled automated island rig, reinforces its focus on technology-led growth strategy. Together with five additional planned island rigs, it is expected to support future offshore expansion, revenue growth and value creation.
H1-2026 highlights
Revenue: US$ 2.46bn, +4% year-on-year (YoY), driven by strong activity levels
Net Profit: US$ 706mn, +2% YoY, reflecting cost discipline and efficiency
Return on Equity: 34%, maintained at industry-leading levels
Dividend: US$ 525mn, supported by strong cash flow and disciplined capital deployment
“ADNOC Drilling continues to deliver on what matters most: safe and efficient operations, strategic growth, strong cash generation and increased shareholder returns. Growth in OFS is accelerating, while technology and AI are enhancing efficiency, performance and value creation across our operations,” stated Abdulla Ateya Al Messabi, CEO, ADNOC Drilling.
Second quarter performance
ADNOC Drilling delivered a record second quarter, with revenue increasing 3% YoY to US$ 1.23bn and net profit rising 2% to US$ 359mn. Performance was driven by continued growth in OFS, stable offshore activity and disciplined execution across the business.
