ADNOC Gas plc, one of the affiliated companies of the Abu Dhabi National Oil Company (ADNOC) and a world-class integrated gas processing and sales company, announced that it achieved increase in its net income by 7% Year on Year (YoY) after reaching $1.27 billion during Q1 2025 compared to $1.187 billion in Q1 2024.

According to the company’s financial results, it recorded earnings before interest, taxes, depreciation, and amortization (EBITDA) of $2.16 billion during Q1 2025, up 4% from $2.076 billion in the same period last year.

ADNOC Gas attributed its strong performance to sustained domestic gas demand, higher than the same period last year, driven by the strong economic growth in the UAE, as well as the efficient execution of the planned shut-down program to boost processing capacity.

Fatema Al Nuaimi, CEO of ADNOC Gas, said that the company delivered “another outstanding quarterly performance,” thanks to its resilient business model exceeding market expectations despite lower oil prices. She attributed the results to successful supply agreements and optimization of the company’s ongoing shutdown program. “Looking ahead, we will leverage our strong balance sheet to invest through the cycle, aiming for over 40% EBITDA growth between 2023 and 2029,” she added.