Dividend Policy
- On April 1, 2026, ADNOC Drilling shareholders approved all resolutions at the Company’s Annual General Meeting (“AGM”) including:
- The Company’s upgraded progressive dividend policy to set a minimum 5% annual dividend increase for 2026 and annually thereafter until at least 2030, as endorsed by the Board on October 8, 2025..
- Final cash dividend of $250 million for the fourth quarter of 2025. This brought total dividends for FY25 to 1.0 billion (c. 23 fils per share), marking a ~27% increase year-on-year.
- 1Q26 dividend of $262.5 million (c. 6.0 fils per share) was paid to shareholders in June 2026.
- For 2Q26, the Board of Directors has approved a dividend of $262.5 million (c. 6.0 fils per share) which is expected to be paid in the second half of August 2026 to shareholders of record as of August 10, 2026.
- The Company’s $1.05 billion annual dividend floor for 2026 remains well supported by strong free cash flow generation, long term contract coverage, and balance sheet strength.
- As per dividend policy, the Board of Directors, at its discretion, may approve additional dividends over and above the progressive dividend floor (supported by excess free cash flow and strong balance sheet).
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