ADNOC Drilling

ADNOCDRILL ADX Energy Shariah compliance: iStatus follows DFM's quarterly Shari'a compliant list (Q1 2026), screened under criteria approved by the DFM Fatwa & Shari'a Supervisory Board. Classification may change each quarter.
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Price (AED)5.94 +1.71%Close · 2 Nov 2026

Market Cap95.04B

Enterprise Value103.16B iRoughly what it would cost to buy the whole company.How it is worked out: the value of its shares (market cap) + its debt − the cash it holds.Why it matters: two companies can have the same share value but very different debt and cash. Enterprise value shows the full picture, so you can compare them fairly.Versus market cap: 1.09×, so it has more debt than cash.For this company: 95.04B + 9.23B debt + 196.82M minority interest − 1.31B cash = 103.16B (Q2 2026)Calculated · Q2 2026

P/E17.86

P/B6.31

Dividend Yield–

ROE35.34%

Volume: 10.00M1.25x 30-day average
Avg volume (30D): 7.97M

About the company

ADNOC Drilling Company PJSC is the drilling arm of the ADNOC group and listed on the Abu Dhabi Securities Exchange in October 2021. It owns and operates a large fleet of onshore, offshore jack-up and island drilling rigs and provides oilfield services, mainly under long-term contracts with ADNOC, its majority shareholder. Since 2024 it has invested in oilfield services joint ventures, and in 2026 it acquired majority stakes in Sea and Land Drilling Contractors and Mohammed Al Barwani Petroleum Services.

Industry: Energy

www.adnocdrilling.ae ↗

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Year-end price history

Income Statement

Values in US dollars (USD) · click any row to chart the metric, click again to collapse

	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Revenue	885.9M	935.4M	1.0B	1.2B	1.2B	1.2B	1.3B	1.3B	1.2B	1.2B
Cost of Revenue	-517.6M	-539.3M	-603.2M	-677.3M	-723.0M	-752.6M	-824.7M	-805.6M	-796.1M	-770.4M
Gross Profit	368.3M	396.1M	422.9M	509.5M	446.8M	444.2M	435.1M	470.9M	431.9M	461.5M
Other Operating Income	1.0M	996,000.00	2.2M	2.2M	2.1M	946,000.00	23.5M	493,000.00	1.6M	2.2M
Selling, General & Admin	-41.2M	-41.1M	-33.7M	-39.3M	-48.9M	-44.5M	-36.5M	-37.3M	-42.8M	-47.6M
Depreciation & Amortization	106.7M	114.8M	116.4M	120.6M	129.8M	133.7M	134.7M	114.1M	125.6M	134.9M
Operating Income	328.1M	356.0M	391.3M	472.4M	400.0M	400.6M	422.1M	434.1M	390.7M	416.1M
EBITDA	434.7M	470.8M	507.7M	593.0M	529.8M	534.3M	556.7M	548.2M	516.3M	551.0M
Finance Income	2.1M	2.5M	3.2M	4.0M	1.8M	3.4M	2.6M	3.8M	2.0M	3.1M
Finance Costs	-29.9M	-35.8M	-33.9M	-36.4M	-31.1M	-30.2M	-25.3M	-22.8M	-21.3M	-32.1M
Share of Associates & JVs	1.9M	1.2M	2.4M	3.0M	3.0M	11.0M	3.0M	12.0M	10.0M	6.5M
Pre-Tax Income	302.2M	323.9M	363.0M	443.0M	373.7M	384.8M	402.3M	427.2M	381.5M	393.5M
Income Tax Expense	-27.6M	-28.9M	-28.1M	-43.9M	-32.7M	-33.8M	-34.1M	-38.5M	-34.8M	-34.6M
Net Income	274.6M	295.0M	334.9M	399.1M	340.9M	351.0M	368.2M	388.7M	346.7M	358.9M
Net Income (Owners of Parent)	274.6M	295.0M	334.9M	399.1M	340.9M	351.0M	368.2M	388.7M	344.8M	357.1M
Non-Controlling Interests	–	–	–	–	–	–	–	–	1.8M	1.8M
EPS (USD)	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02

Balance Sheet

Values in US dollars (USD) · click any row to chart the metric, click again to collapse

	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Cash & Equivalents	354.1M	245.8M	331.3M	307.9M	330.3M	259.1M	330.1M	272.4M	236.0M	330.8M	355.4M
Trade & Other Receivables	1.1B	1.2B	1.3B	1.6B	1.5B	1.7B	1.6B	1.5B	1.5B	1.7B	1.7B
Other Assets & Prepayments	12.4M	12.4M	14.3M	14.2M	9.3M	8.7M	2.4M	2.0M	100.4M	10.6M	10.1M
Inventory	206.1M	217.3M	224.9M	224.3M	223.1M	243.5M	227.2M	270.8M	279.0M	322.7M	342.8M
Investments in Associates & JVs	–	89.6M	90.8M	210.5M	275.2M	391.8M	402.8M	425.1M	437.1M	455.3M	461.7M
Property, Plant & Equipment	4.8B	4.8B	5.0B	5.0B	5.4B	5.3B	5.3B	5.2B	5.5B	5.6B	5.7B
Right-of-Use Assets	173.9M	166.6M	145.8M	138.7M	23.3M	20.6M	17.8M	15.0M	45.7M	43.1M	49.9M
Intangible Assets	5.4M	4.6M	3.7M	4.9M	5.3M	8.1M	7.1M	6.2M	10.8M	16.2M	25.3M
Current Assets	1.7B	1.7B	1.9B	2.1B	2.1B	2.2B	2.2B	2.0B	2.0B	2.3B	2.3B
Total Assets	6.7B	6.8B	7.1B	7.5B	7.8B	7.9B	7.9B	7.7B	8.1B	8.4B	8.6B
Trade & Other Payables	1.2B	1.2B	1.4B	1.4B	1.5B	1.6B	1.6B	1.5B	1.5B	1.7B	1.6B
Income Tax Payable	–	17.8M	10.1M	19.2M	15.0M	13.7M	22.5M	22.7M	11.0M	27.4M	27.6M
Deferred Tax Liabilities	–	–	–	–	–	–	–	–	–	4.9M	4.7M
Loans & Borrowings	2.0B	2.2B	2.0B	2.4B	2.3B	2.4B	2.3B	2.0B	2.3B	2.0B	2.5B
Lease Liabilities	189.2M	159.6M	134.8M	123.7M	25.2M	25.3M	23.3M	14.0M	47.6M	47.9M	45.2M
End-of-Service Benefits	114.4M	120.6M	123.7M	126.7M	129.9M	133.4M	138.8M	141.0M	143.6M	147.9M	154.8M
Other Liabilities	–	–	–	–	–	–	–	–	–	49.2M	62.5M
Current Liabilities	1.1B	1.2B	1.4B	1.9B	2.3B	2.4B	2.3B	1.9B	2.5B	2.4B	2.8B
Total Debt	2.2B	2.3B	2.1B	2.5B	2.3B	2.4B	2.3B	2.0B	2.3B	2.1B	2.5B
Total Liabilities	3.5B	3.6B	3.6B	4.1B	4.0B	4.1B	4.0B	3.7B	4.0B	4.0B	4.3B
Share Capital	435.7M	435.7M	435.7M	435.7M	435.7M	435.7M	435.7M	435.7M	435.7M	435.7M	435.7M
Reserves	217.8M	217.8M	217.8M	213.5M	212.7M	208.1M	214.0M	203.3M	196.6M	153.5M	141.6M
Retained Earnings	2.6B	2.5B	2.8B	2.8B	3.2B	3.1B	3.2B	3.4B	3.5B	3.8B	3.7B
Equity (Owners of Parent)	3.3B	3.2B	3.5B	3.4B	3.8B	3.8B	3.9B	4.0B	4.1B	4.4B	4.2B
Non-Controlling Interests	–	–	–	–	–	–	–	–	–	42.9M	53.6M
Total Equity	3.3B	3.2B	3.5B	3.4B	3.8B	3.8B	3.9B	4.0B	4.1B	4.4B	4.3B

Cash Flow

Values in US dollars (USD) · click any row to chart the metric, click again to collapse

	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Operating Cash Flow	346.8M	518.5M	314.9M	473.4M	520.4M	649.6M	666.5M	389.3M	439.1M	403.9M
Income Tax Paid	-9.2M	-38.0M	-19.1M	-48.6M	-33.7M	-24.6M	-33.9M	-50.7M	-20.9M	-38.4M
Investing Cash Flow	-193.5M	-236.5M	-310.6M	-274.5M	-201.9M	-241.1M	-189.6M	-351.4M	-83.2M	-105.9M
Capital Expenditure	-109.5M	-239.1M	-196.3M	-216.9M	-90.8M	-250.7M	-209.3M	-264.1M	-91.1M	-98.8M
Financing Cash Flow	-261.6M	-196.6M	-27.7M	-176.5M	-389.7M	-337.5M	-534.6M	-74.2M	-261.2M	-273.4M
Proceeds from Borrowings	164.2M	613,000.00	659.3M	613,000.00	137.0M	165.4M	27.8M	270.3M	–	781.2M
Repayment of Borrowings	–	-163.4M	-250.0M	-108.9M	-81.7M	-245.1M	-299.5M	–	-249.5M	-504.9M
Lease Payments	-29.6M	-11.3M	-11.1M	-23.1M	–	-2.1M	-9.4M	–	–	-9.4M
Finance Costs Paid	-37.9M	-22.5M	-27.5M	-44.3M	-46.0M	-31.4M	-26.1M	-22.6M	-17.8M	-29.2M
Dividends Paid	-358.3M	–	-394.1M	–	-394.4M	-216.8M	-216.8M	-315.7M	–	-512.5M
Free Cash Flow	237.3M	279.5M	118.6M	256.5M	429.6M	398.9M	457.3M	125.2M	348.1M	305.1M

Market Information

2026-07-30 Q2 2026 Financial Results PDF ↓
2026-05-11 Q1 2026 Financial Results PDF ↓
2026-02-12 FY 2025 Financial Results PDF ↓
2025-10-28 Q3 2025 Financial Results PDF ↓
2025-07-30 Q2 2025 Financial Results PDF ↓
2025-05-08 Q1 2025 Financial Results PDF ↓
2025-02-13 FY 2024 Financial Results PDF ↓
2024-10-30 Q3 2024 Financial Results PDF ↓
2024-08-05 Q2 2024 Financial Results PDF ↓
2024-05-13 Q1 2024 Financial Results PDF ↓
2024-02-12 FY 2023 Financial Results PDF ↓

ADNOC Drilling

About the company

Year-end price history

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Dividend history

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Income Statement

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Current Ratio

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ROE

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Market Information