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ADNOC Gas plc today announced net income of $1.27 billion and EBITDA of $2.16 billion for the first quarter of 2025, exceeding the equivalent quarter in 2024 by 7% and 4% respectively. Image courtesy: ADNOC Gas
The UAE's ADNOC Gas plc, a subsidiary of the state energy company Abu Dhabi National Oil Company, on Monday posted a Q1 2025 net profit of $1.27 billion, up 7% year-on-year (YoY) driven by growth in the UAE as well as rise in processed volumes.
The net profit was above analysts’ mean estimate of $1.11 billion, according to LSEG data
Revenues for the period came in at $6.1 billion, up 1% YoY.
Capital expenditure for Q1 2025 totaled $555 million. The company has maintained guidance for the year at $3 billion.
(Writing by Brinda Darasha; editing by Seban Scaria)
