United Arab Emirates · Delayed Price · Currency is AED ADNOC Drilling Company P.J.S.C. Earnings Call Transcripts
Fiscal Year 2026
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Record Q1 2026 results with 5% revenue growth, strong EBITDA and net profit, and robust operational performance. Guidance for 2026 is reaffirmed, with continued expansion, disciplined capital allocation, and resilience amid regional tensions.
Fiscal Year 2025
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2025 delivered record revenue, profit, and free cash flow, driven by operational excellence and regional expansion. 2026 guidance anticipates continued growth, robust margins, and strong dividends, with upside potential from oilfield services and new acquisitions.
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Acquisition of an 80% stake in MV Petroleum Services accelerates regional growth, expands market presence in Oman, Kuwait, and Bahrain, and is immediately accretive to earnings and cash flow. The deal is fully debt-funded, with long-term contracts and strong local partnerships supporting future expansion.
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Record Q3 results with revenue up 23% year-over-year and strong growth in oilfield services. Upgraded 2025 guidance, robust dividend policy, and regional expansion support long-term growth, while disciplined capital allocation and low leverage enhance financial flexibility.
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Record H1 2025 results with revenue up 30% and net income up 21% year-on-year, driven by rig expansion and strong oilfield services growth. Upgraded 2025 guidance, major regional M&A, and robust dividend outlook highlight continued momentum.
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A 70% stake in SLB's land rig business in Oman and Kuwait was acquired for up to $112 million, providing immediate earnings accretion and a strategic foothold in key GCC markets. The deal is expected to close by Q1 2026, with strong stakeholder support and clear growth ambitions.
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Q1 2025 saw revenue up 32% year-on-year to $1.17 billion, with strong growth in oilfield services and continued expansion of the rig fleet. Dividend guidance remains robust, and strategic investments in technology and unconventional resources position the company for sustained growth.
Fiscal Year 2024
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Delivered record 2024 results with revenue up 32% and net profit up 26% year-on-year, driven by fleet expansion, strong OFS growth, and strategic acquisitions. 2025 guidance projects continued high growth, robust margins, and increased dividends, with further upside from regional and unconventional opportunities.
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Record Q3 results with 32% revenue growth, 34% EBITDA growth, and 30% net profit increase year-on-year. Upgraded 2024 guidance, strong progress in unconventional and regional expansion, and major technology acquisitions position the company for continued growth.
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Record H1 2024 results with 26% revenue and 28% net profit growth, driven by fleet expansion, strong segment performance, and new contracts in unconventionals. Guidance for 2024 and medium term was raised, and a progressive dividend policy was approved.