Aramco reported strong financial results for 2025, with adjusted net income of $104.7 billion and $25.1 billion in Q4 2025.

The operating cash flow reached $136.2 billion for the year, while free cash flow stood at $85.4 billion.

The company strengthened its balance sheet, reducing its gearing ratio to 3.8 per cent.

Capital investment totalled $52.2 billion in 2025, with plans to spend $50-55 billion in 2026.

Shareholder returns remained a priority, with $85.5 billion distributed in 2025.

A Q4 base dividend of $21.89 billion marked the fourth consecutive year of growth, and a $3 billion share buyback programme was announced.

Operationally, Aramco advanced major projects, including Jafurah gas production, Tanajib Gas Plant operations, and expansions at Marjan and Berri fields.

The company also progressed in AI investments and localisation, achieving $5.3 billion in technology value and 70 per cent procurement localisation under its iktva programme.

Amin Nasser, Aramco President & CEO, said: "Aramco delivered robust growth and strong cash flows in 2025, reinforcing confidence in our strategy. Our disciplined capital allocation, combined with our lower-cost, adaptable, and highly-reliable operations, drove strong financial performance in a year marked by price volatility. This enabled a 3.5 per cent increase to our base dividend, reinforcing our focus on delivering sustainable and progressive shareholder returns."