(WO) — ADNOC Gas reported record net income of $5.2 billion for 2025, up 3% year on year, as stronger domestic gas demand and continued infrastructure investment supported growth despite lower global oil prices.

The Abu Dhabi-based gas processing and marketing company said results were driven primarily by its domestic gas business, where EBITDA rose 10% on a 4% increase in sales volumes and improved commercial terms. The performance came despite a 14% decline in average Brent crude prices during the year.

Full-year cash generation remained strong, with capital expenditures rising to $3.6 billion as several major projects advanced. ADNOC Gas said these investments are aimed at expanding processing capacity and supporting the UAE’s long-term gas self-sufficiency and industrial growth strategy.

Looking ahead, the company is preparing for final investment decisions on phases two and three of its Rich Gas Development (RGD) project, expected in the first quarter of 2026. The expansion is designed to increase processing capacity and support production growth tied to ADNOC’s upstream developments. By 2029, ADNOC Gas expects the broader expansion program to lift overall capacity by about 30%.

The company also continues work on the ADNOC Estidama gas pipeline project, which will expand access to gas across the Northern Emirates and support rising industrial and utility demand.

Fourth-quarter net income totaled $1.2 billion, with sales volumes increasing 5% compared with the same period in 2024, supported by steady domestic demand. Domestic adjusted EBITDA for the quarter rose 6% year on year.

ADNOC Gas confirmed a total 2025 dividend of $3.6 billion, reflecting continued strong cash flow and the company’s policy of increasing annual dividends by 5%.