ADNOC Gas reports 8% increase in Q3 net income

Core Insights - ADNOC Gas reported a record net income of $1.34 billion for Q3 2025, marking an 8% increase year-over-year, with year-to-date net income reaching $3.99 billion, a 10% increase compared to the previous year [1][5][6] Financial Performance - Revenues for Q3 2025 were $5.9 billion, a 6% decrease from $6.2 billion in Q3 2024, while year-to-date revenue was $17.9 billion, down 2% from $18.3 billion in the same period last year [2] - The domestic gas business achieved EBITDA of $914 million for Q3 2025, reflecting a 26% increase compared to the same quarter last year [2] Sales and Economic Context - Domestic gas sales volumes grew by 4% in the first nine months of 2025, driven by the robust UAE economy and improved margins from contract renegotiations [3] - The IMF forecasts UAE economic growth of 4.8% in 2025 and 5% in 2026, supporting the positive sales trend [3] Cash Flow and Dividends - ADNOC Gas maintains substantial operating cash flow, allowing for funding of capital projects and increased dividend payments without additional debt [4] - The company will initiate quarterly dividend distributions starting in Q3 2025, with an inaugural interim dividend of $896 million to be paid by December 12, 2025 [4] Dividend Policy - The Board of Directors approved a 5% annual increase in dividend payouts, extending this policy through to 2030 [5] - The CEO emphasized the company's resilience and adaptability, highlighting profitability growth despite lower oil prices [5][6]