Abu Dhabi, UAE – ADNOC Gas PLC announced on Monday that it achieved net income of 4 billion dirhams, or 1.1 billion US dollars, during the first quarter of 2026. Which confirms the flexibility of its operational performance and the strength of its financial position.
The company has successfully met the needs of its customers in the local market, supported by effective logistics, inventory, and supply chain management. Which contributed to reducing the impact of the ongoing disruptions in export movement.
The company achieved free cash flows amounting to 2.1 billion dirhams, “572 million US dollars”. It ended the first quarter with a strong balance sheet that included cash worth AED 15.4 billion, or US$4.2 billion.
Increase dividends
This strong financial position allows ADNOC Gas to continue investing across various market cycles. To support the achievement of its profit expectations for 2026, and implement its commitment to its policy of increasing dividends by 5% annually until 2030.
The company’s board of directors approved the distribution of quarterly profits worth AED 3.5 billion, or US$941 million. It is scheduled to be paid in June 2026.
ADNOC Gas continues to enhance its business flexibility, leveraging its strong balance sheet and disciplined approach to capital allocation.
The company’s long-term growth ambitions remain unchanged, as it continues its commitment to the goal of increasing earnings before interest, taxes, depreciation and amortization by more than 40% during the period between 2023 and 2029.
Growth in customer base
The company maintains a positive outlook for economic growth in the UAE, which supports domestic demand. This is confirmed by the $5 billion raw material supply agreement signed with Tanzeef. In addition to ADNOC’s announcement on the Make in the Emirates platform that it aims to award projects worth AED 200 billion and US$55 billion to support local manufacturing.
The continued growth in the local customer base and industrial sector also contributes to enhancing demand for ADNOC gas products. As the country’s largest energy supplier for electricity generation and the industrial sector.
Priority for individuals and assets
ADNOC Gas recorded two incidents in the Habshan complex on April 3 and 8. Which led to the activation of approved procedures for emergency response and ensuring business continuity.
Operations teams responded to both incidents very efficiently, focusing on prioritizing the safety of personnel and assets and reducing any interruptions in customer supplies.
The company was also able to restore about 60% of the complex’s operating capacity within a short period. It is currently working to raise it to 80% by the end of 2026. With the aim of restoring full operational capacity during 2027.
The company is currently completing a detailed technical assessment to determine the impact of the two incidents in light of the ongoing changes in the supply chain environment. It is expected to be completed soon.
