The UAE company ADNOC Gas announced today, Thursday, that it achieved the highest quarterly net income in its history during the third quarter of this year, amounting to 4.92 billion dirhams ($1.34 billion), an increase of 8% compared to the same period last year.
It was reported, according to the Emirates News Agency (WAM), that net income from the beginning of the year until the end of the third quarter amounted to 14.65 billion dirhams ($3.99 billion), exceeding market expectations, despite the decline in average oil prices to $71 per barrel during the first nine months of 2025, compared to $83 per barrel in 2024.
Domestic gas sales profits before interest, taxes, depreciation and amortization amounted to 3.36 billion dirhams ($914 million) during the third quarter, an increase of 26% year-on-year.
