EBITDA of $ 2.16 billion, up 4% year on year
Efficiency driven by domestic gas need and effective management of prepared shut-down program
ADNOC Gas continues to invest through the cycle to accomplish its longer-term EBITDA development target of over 40%
ABU DHABI, UAE, Might 5, 2025/ PRNewswire/– ADNOC Gas plc and its subsidiaries (together described as “ADNOC Gas” or the “Business”) ADNOCGAS AEE, a first-rate integrated gas processing and sales business, today revealed earnings of $ 1.27 billion and EBITDA of $ 2.16 billion for the very first quarter of 2025, surpassing the comparable quarter in 2024 by 7% and 4% respectively.
The efficiency was driven first of all by ongoing need for domestic gas – up on the comparable quarter in 2015 – as an outcome of strong financial development in the UAE, which raised the overall sales volume. Second of all, through effective management of the prepared shut-down program to increase processing capability, a decrease in the variety of days the Business’s plants were offline resulted in an increase in processed volumes.
Fatema Al Nuaimi, President of ADNOC Gas, stated: ” This has actually been another impressive quarterly efficiency by ADNOC Gas, supported by our durable company design in a lower oil cost market, which substantially surpassed market expectations. These outcomes begin the back of effective supply arrangements and the optimization of our continuous shut-down program developed to power our ongoing development. Looking ahead, we will utilize the strength of our balance sheet to invest through the cycle as we look for to understand EBITDA * development of over 40% in between 2023 and 2029.”
ADNOC Gas signed a series of mid to long term LNG supply arrangements valued at circa $ 9 billion with the Indian Oil Corporation and JERA Global Markets of Japan throughout Q1, strengthening its function as a prominent provider of lower-carbon fuel. The arrangements support the development of the Business’s worldwide client base along with the improvement of worldwide energy systems.
Q1 likewise saw a year-on-year uplift in CAPEX of 43% as ADNOC Gas continues to make the required financial investments through the cycle to grow business and accomplish its longer-term EBITDA targets. Job application stays on track, with the Business anticipating to take a Last Financial investment Choice on its Rich Gas Advancement job in 2025.
As an outcome of the just recently finished marketed offering of 3.1 billion shares in ADNOC Gas in which the complimentary float increased by 4% to 9%, the Business is qualified for possible addition in the MSCI and FTSE indices as early as June and September respectively.
|
$ Million |
Q1 24 |
Q4 24 |
Q1 25 |
YoY % |
QoQ % |
|
Q1 25 vs. Q1 24 |
Q1 25 vs. Q4 24 |
||||
|
Earnings |
6,011 |
6,060 |
6,099 |
1 % |
1 % |
|
COGS |
-3,410 |
-3,299 |
-3,455 |
1 % |
5 % |
|
Opex |
-525 |
-479 |
-485 |
-8 % |
1 % |
|
EBITDA |
2,076 |
2,282 |
2,159 |
4 % |
-5 % |
|
Net Inco me |
1,187 |
1,381 |
1,270 |
7 % |
-8 % |
|
EBITDA Margin |
34.5 % |
37.7 % |
35.4 % |
87bps |
-226 bps |
|
Earnings Margin |
19.7 % |
22.8 % |
20.8 % |
107bps |
-197 bps |
|
Free Capital ( ex-working capital) |
1,144 |
965 |
1,214 |
6 % |
26 % |
|
Alternative efficiency procedures: • Monetary info as provided above consists of ADNOC Gas’ in proportion debt consolidation of • EBITDA consists of in proportion debt consolidation of JVs and represents Incomes Before Interest, • Complimentary capital (omitting working capital) as provided is based upon the IFRS monetary declarations. • The reconciliation in between the monetary information as provided and the IFRS monetary declarations is |
|||||
* Presumes a flat oil cost of $ 70/ bbl in between 2025 and 2029 and, in addition, the proportional debt consolidation of Ruwais LNG following conclusion and transfer to ADNOC Gas.
About ADNOC Gas
ADNOC Gas, noted on the ADX (ADX sign: “ADNOCGAS”/ ISIN: “AEE01195A234”), is a first-rate, massive integrated gas processing and sales business running throughout the gas worth chain, from invoice of feedstock from ADNOC through big, long-life operations for gas processing and fractionation to the sale of items to domestic and worldwide consumers. ADNOC Gas provides around 60% of the UAE’s sales gas requirements and products end-customers in over 20 nations. To learn more, see: www.adnocgas.ae
( X) @ADNOCGas
For financier questions, please contact:
Christian Audi
Vice President, Financier Relations
+971 (2) 6037366
ir@adnocgas.ae
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SOURCE ADNOC Gas