The dividend distribution includes a final payment of $1.706 billion, scheduled for the second quarter of 2025. This aligns with ADNOC Gas's progressive dividend policy, which aims to increase dividends by 5% annually from 2024 to 2027.
In 2024, ADNOC Gas reported an adjusted net income of $5 billion, marking a 13% year-on-year increase. The company's earnings before interest, taxes, depreciation, and amortization also saw a 14% rise, reaching $8.65 billion, with a stable EBITDA margin of 35%. These figures highlight the company's strong financial health and operational efficiency.
Dr. Sultan Ahmed Al Jaber, Chairman of ADNOC Gas's Board of Directors, commented on the company's performance, stating that ADNOC Gas achieved record financial results in 2024, advanced major growth projects, and declared the largest dividend payment on the Abu Dhabi Securities Exchange . He emphasized the company's role in supporting global energy security and contributing to the UAE's economic growth and industrial development.
The company's revenue growth can be attributed to higher sales of liquefied natural gas and other gas products, coupled with favorable pricing. This performance aligns with the global trend of increasing reliance on natural gas and LNG, particularly in Asian markets.
ADNOC Gas's strategic initiatives include significant investments to expand its operations. The company plans to invest $15 billion over the next five years to boost its earnings before interest, taxes, depreciation, and amortization by over 40% by 2029. This investment aims to increase gas volumes and meet the rising demand, especially in Asia and the UAE. Additionally, the company has approved the Ruwais LNG project, set to double the country's export capacity, further solidifying its position in the global energy market.
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