Despite a decline in energy prices, Adnoc Gas achieved double-digit profit growth in its domestic natural gas business, setting a new annual profit record.

The Abu Dhabi-based gas company announced on Monday that its net profit for 2025 rose by 3% year-on-year to $5.17 billion. This profit growth occurred despite a 14% drop in the average price of Brent crude oil.

Oil and gas companies are facing significant price challenges due to weak demand growth and sustained high supply levels.

The company attributed the profit increase primarily to its domestic natural gas operations. Benefiting from increased sales volume and improved commercial terms, the segment's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) grew by 10% compared to the previous year.

The company's net profit for the fourth quarter was $1.17 billion, down from $1.38 billion in the same period last year.

Adnoc Gas stated that it expects to make a final investment decision on the second and third phases of its rich gas development project in the first quarter. This project is designed to enhance production output and operational efficiency.

The company confirmed a total dividend distribution of $3.584 billion for the full 2025 fiscal year. An interim cash dividend of $1.792 billion was paid in September, followed by a quarterly dividend of $896 million in December. A final dividend of $896 million is anticipated to be paid this April.