ADNOC Gas reported net income of $1.34 billion in its financial results for the third quarter (Q3) of 2025, up 8% year-on-year (YoY),  representing the highest for a third quarter in the company’s history.

The company recorded net income of $3.99 billion during the nine-month period of 2025, compared to $3.63 billion during the same period in 2024. According to Reuters, average oil prices were $71 per barrel during the nine-month period, compared to $83 per barrel in the same period last year.

“Despite a lower oil price environment, we continue to deliver robust returns, underpinned by operational excellence and improved commercial agreements,” said Fatema Al Nuaimi, CEO of ADNOC Gas.

The company’s domestic gas business jumped 26% YoY in earnings before interest, tax, depreciation and amortization (EBITDA), reaching $914 million in the third quarter.

ADNOC Gas attributed this to a 4% rise in domestic sales volumes in the first nine months of 2025 and successful structural improvements from contract renegotiation.

The company announced it will pay $896 million in quarterly dividends for Q3 2025 by December 12. It also approved an extension of its 5% annual dividend payout increase until 2030.