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The Emirates News Agency reported on August 12 that ADNOC Distribution, ADNOC Drilling, ADNOC Gas, ADNOC Logistics and Services, Borouge and Fertiglobe together delivered revenue of $25.3 billion, equivalent to AED93 billion, along with EBITDA of $7.8 billion and net profit of $4.8 billion in the first six months of 2026. The agency said the results reflected diversified revenue streams, operational discipline and a focus on safety and efficiency amid regional disruptions. According to the WAM dispatch, the period saw notable progress on the portfolio’s expansion plans, including contract awards and facility startups that are expected to bolster future earnings.
WAM figures show ADNOC Distribution achieved record net profit of $568 million in the first half, a 59 percent increase from the prior year, while EBITDA rose 39 percent to $786 million. The company moved 7.75 billion litres of fuel, an all-time high, as its retail network expanded 11 percent to 1,045 stations across the UAE, Saudi Arabia and Egypt. The report noted that non-fuel retail gross profit grew 12 percent on higher footfall and an expanded convenience offering, and the board approved a second-quarter dividend of 5.14 fils per share totaling $175 million.
According to the same WAM release, ADNOC Drilling reported record first-half revenue of $2.46 billion, up 4 percent year on year, with EBITDA at $1.08 billion and net profit at $706 million that produced a 34 percent return on equity. The company deployed its first artificial-intelligence-enabled island rig ahead of schedule and maintained full operations with high fleet availability. WAM data indicated ADNOC Drilling paid $525 million in dividends for the first half, half of its $1.05 billion annual floor that rises at least 5 percent each year through 2030.
The Emirates News Agency stated that ADNOC Gas awarded $8.2 billion in engineering, procurement and construction contracts for phases two and three of its Rich Gas Development Project, lifting its targeted EBITDA growth to 60 percent by 2030 from a previous 40 percent goal. The company posted second-quarter net income of $665 million, exceeding its guidance range, while restoring Habshan processing capacity to 85 percent ahead of schedule. WAM reported that the board approved a quarterly dividend of $940 million payable in September, consistent with a commitment to 5 percent annual dividend growth through 2030.
WAM’s account placed ADNOC Logistics and Services first-half revenue at $3.667 billion, a 46 percent rise, with EBITDA climbing 98 percent to $1.475 billion and net profit surging 179 percent to $1.173 billion. The company raised its full-year 2026 guidance for the third time and expects to pay $341 million in dividends for the year. Borouge recorded second-quarter revenue of $1.4 billion and adjusted EBITDA of $401 million after restoring full operations following an April incident, while Fertiglobe lifted first-half revenue 59 percent to $2 billion and proposed at least $150 million in dividends for the period.
The listed portfolio holds a combined market capitalisation of approximately $148.4 billion, representing more than 20 percent of the Abu Dhabi Securities Exchange’s total value, the agency reported. Since their listings the companies have delivered an average total shareholder return of 115.5 percent and are committed to distributing about $43 billion in dividends between 2025 and 2030. WAM noted that the results underscore the strength of ADNOC’s integrated value chain in Abu Dhabi’s capital markets.
