22 Hrs
Source:
الاقتصادية
ADNOC firms earn $25.3B in half-year
The Adnoc Group of Companies listed on the Abu Dhabi Securities Exchange achieved total revenues of $25.3 billion in the first half of 2026, with pre-tax and depreciation profits reaching $7.8 billion and net profits amounting to $4.8 billion. These results were driven by diversifying income sources and executing major growth projects, despite logistical and regional challenges. Among the notable company results: Adnoc Distribution saw a 59% increase in profits, Adnoc Drilling achieved record revenues with a 4% rise, Adnoc Gas exceeded its financial expectations, and Adnoc Supply and Services' profits surged by 179%. These outcomes reflect the company's strong performance and sustainable growth, as it continues to distribute profits and pursue large-scale investment expansions to achieve its financial target for 2026.
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