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A statement from ADNOC underlined that ADNOC’s listed companies deliver $25.3 billion in H1 2026 revenue as major growth projects advance. The six entities ADNOC Distribution, ADNOC Drilling, ADNOC Gas, ADNOC Logistics and Services, Borouge and Fertiglobe produced the combined total through the end of June while maintaining focus on efficiency and safety measures. Their performance built on first quarter revenues of $11.8 billion that a May WAM report had already detailed with accompanying EBITDA of $3.7 billion and net profit of $2.2 billion. The latest aggregate demonstrates sustained momentum even as external market conditions presented challenges.
ADNOC Distribution reported its own record first half results on August 5 with net profit climbing 59 percent year on year to $568 million. The company’s EBITDA rose 39 percent to $786 million on fuel volumes that reached 7.75 billion liters according to its earnings release. Network expansion and non fuel retail growth contributed to the gains that also included inventory benefits during the period. The distributor has paid out an estimated $5.8 billion in dividends since its IPO once the latest quarterly distribution clears.
ADNOC Drilling posted first half revenue of $2.46 billion that represented a 4 percent increase from the prior year and delivered net profit of $706 million. The drilling contractor reaffirmed its full year 2026 guidance in late July after recording those figures. Its operations continue to support ADNOC’s broader upstream activities that encompass both oil and gas development programs now under way. Such results align with the group’s long term targets for output growth.
ADNOC Gas recorded first quarter net income of $1.1 billion and set a full year 2026 outlook between $3.5 billion and $4.0 billion. The company maintained its 40 percent plus EBITDA growth ambition for 2029 while adjusting for second quarter disruptions that affected exports. Quarterly dividend payments began in the third quarter of 2025 under the updated shareholder return policy. These steps form part of the entity’s plan to distribute $24.4 billion through 2030.
Borouge and Fertiglobe along with ADNOC Logistics and Services rounded out the listed group performance with contributions that reflected diversified revenue streams. The chemical producers and logistics provider benefited from steady domestic demand and disciplined cost management throughout the first six months. Their results fed into the overall $25.3 billion revenue that ADNOC presented as evidence of execution strength. Ongoing projects in petrochemicals and supply chain infrastructure received additional capital during the period.
ADNOC has targeted AED158 billion or roughly $43 billion in cumulative dividends from its six listed companies through 2030 according to an October 2025 announcement. The program includes minimum payout floors for ADNOC Drilling at $6.8 billion by that date and similar commitments across the portfolio. Such distributions aim to deliver attractive returns while funding further capacity expansions in line with the group’s 2030 strategy. Industry observers note that these figures position ADNOC among the leading national energy players in the Gulf.
