Adnoc Drilling Company reported a record 2024 full-year revenue of $4.03 billion, a 32 per cent YoY increase, and a net profit of $1.3 billion, a 26 per cent YoY increase. The company's EBITDA was $2.01 billion, a 36 per cent YoY increase, and a 50 per cent EBITDA margin.

Abdulrahman Abdulla Al Seiari, Adnoc Drilling CEO, said: "Our record-breaking financial performance demonstrates our constant commitment to maximising growth and returns for our shareholders, while delivering sustainable and innovative solutions to our customers, both here in Abu Dhabi and beyond our borders. Our outstanding 2024 financial results reinforce Adnoc Drilling’s position as the world’s fastest growing energy services company with net profit more than doubling since listing on ADX."

The Board recommends a final cash dividend payment of $394 million for 2024, subject to shareholder approval at the AGM. Revenue grew 41 per cent YoY to $1.19 billion in Q4 2024, driven by increased activity and growth of onshore and offshore fleets and the expansion of oilfield services.