ADNOC Gas records 7% higher net profits in Q1-25 - Mubasher Info

ADNOC Gas
ADNOCGAS 0.95% 3.20 0.03

Abu Dhabi – Mubasher: ADNOC Gas reported net income worth $1.26 billion in the first quarter (Q1) of 2025, an annual rise of 7% from $1.18 billion.

The group posted 1% year-on-year (YoY) higher revenues at $4.66 billion as of 31 March 2025, compared to $4.56 billion, according to the financial results.

Basic and diluted earnings per share (EPS) increased to $ 0.017 in Q1-25 from $0.015 in Q1-24.

Quarterly, the Q1-25 net income dropped by 8%  from $1.38 billion in Q4-24, while the revenues grew by 1% from $6.06 billion.

Fatema Al Nuaimi, CEO of ADNOC Gas, said: “This has been another outstanding quarterly performance by ADNOC Gas, supported by our resilient business model in a lower oil price market, which significantly exceeded market expectations.”

“Looking ahead, we will use the strength of our balance sheet to invest through the cycle as we seek to realize EBITDA growth of over 40% between 2023 and 2029,” Al Nuaimi mentioned. 

Source: Mubasher Source: {{details.article.source}}