Approves US$ 788mn 2024 dividend and accelerates AI-enabled expansion
ADNOC Drilling Company confirmed shareholders’ approval of all agenda items at its Annual General Meeting, including the distribution of its final cash dividend payment for the year ended December 31, 2024.
“Our record-breaking financial performance and dividend reflect ADNOC Drilling’s strong momentum as the world’s fastest growing energy services company,” stated Abdulrahman Abdulla Al Seiari, ADNOC Drilling CEO.
Looking ahead, the dividend is expected to increase to at least US$ 867mn for 2025, reaching at least US$ 1.15bn by 2028, based on the minimum 10% year-on-year increase, in line with the Company’s progressive dividend policy.
On the back of record 2024 financial results, ADNOC Drilling announced its full year 2025 guidance, reaffirming continued growth. Among the key guidance metrics, in 2025 the Company expects total revenue between US$ 4.6 to US$ 4.8bn, and EBITDA of US$ 2.15 to US$ 2.3bn with a margin range of 46%-48%. Net Profit is expected to be between US$ 1.35 to US$ 1.45bn, with a margin range of 28%-30%.
