ADNOC Drilling Company P.J.S.C. (ADX:ADNOCDRILL)

ADX:ADNOCDRILL Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	4,813	4,034	3,057	2,673	2,269	2,098
Revenue Growth (YoY)	30.51%	31.97%	14.35%	17.79%	8.18%	1.77%
Cost of Revenue	2,978	2,337	1,849	1,720	1,385	1,292
Gross Profit	1,836	1,697	1,208	953.73	884.27	805.92
Selling, General & Admin	73.4	58.23	75.27	106	238.71	205.79
Amortization of Goodwill & Intangibles	3.54	3.54	3.55	2.31	-	-
Other Operating Expenses	69.9	69.9	29.59	-	-	-
Operating Expenses	169.23	155.36	126.33	126.53	263.2	215.31
Operating Income	1,666	1,541	1,082	827.2	621.07	590.61
Interest Expense	-123.06	-136	-74.58	-34.88	-17.7	-25.35
Interest & Investment Income	11.74	11.74	15.73	6.27	0.73	0.87
Earnings From Equity Investments	20	8.49	-	-	-	-
Other Non Operating Income (Expenses)	28.69	6.39	9.85	6.17	10.14	2.9
EBT Excluding Unusual Items	1,604	1,432	1,033	804.76	614.23	569.03
Asset Writedown	-	-	-	-2.95	-10.32	-
Pretax Income	1,604	1,432	1,033	801.81	603.91	569.03
Income Tax Expense	144.56	128.51	-	-	-	-
Net Income	1,459	1,304	1,033	801.81	603.91	569.03
Net Income to Common	1,459	1,304	1,033	801.81	603.91	569.03
Net Income Growth	18.28%	26.22%	28.81%	32.77%	6.13%	-2.44%
Shares Outstanding (Basic)	15,997	15,999	16,000	16,000	16,000	16,000
Shares Outstanding (Diluted)	15,997	15,999	16,000	16,000	16,000	16,000
Shares Change (YoY)	-0.02%	-0.01%	-	-	-	-
EPS (Basic)	0.09	0.08	0.06	0.05	0.04	0.04
EPS (Diluted)	0.09	0.08	0.06	0.05	0.04	0.04
EPS Growth	18.30%	26.23%	28.81%	32.77%	6.13%	-2.44%
Free Cash Flow	1,544	895.26	292.78	585.82	596.39	1,642
Free Cash Flow Per Share	0.10	0.06	0.02	0.04	0.04	0.10
Dividend Per Share	0.067	0.049	0.045	0.043	0.020	-
Dividend Growth	43.23%	10.00%	5.01%	109.96%	-	-
Gross Margin	38.14%	42.06%	39.52%	35.68%	38.96%	38.42%
Operating Margin	34.62%	38.21%	35.39%	30.94%	27.37%	28.15%
Profit Margin	30.31%	32.31%	33.79%	29.99%	26.61%	27.12%
Free Cash Flow Margin	32.07%	22.19%	9.58%	21.91%	26.28%	78.27%
EBITDA	2,170	1,971	1,453	1,216	1,014	947.65
EBITDA Margin	45.09%	48.87%	47.55%	45.49%	44.66%	45.17%
D&A For EBITDA	503.79	430.02	371.66	388.74	392.47	357.04
EBIT	1,666	1,541	1,082	827.2	621.07	590.61
EBIT Margin	34.62%	38.21%	35.39%	30.94%	27.37%	28.15%
Effective Tax Rate	9.01%	8.97%	-	-	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.