Dividend Policy
- 1Q26 base dividend of $262.5 million (c. 6.0 fils per share) was paid to shareholders in June 2026
- 2Q26 base dividend of $262.5 million (c. 6.0 fils per share) was paid to shareholders in August 2026
- The Board of Directors approved a total dividend distribution of $350 million (c. 8.0 fils per share) in respect of the third quarter of 2026, comprising the base quarterly dividend of $262.5 million and the first $87.5 million tranche of a $175 million discretionary dividend that the Company intends to distribute in two tranches. The base quarterly dividend and the first tranche of the discretionary dividend are expected to be paid in the second half of November 2026 to all shareholders on record as of November 5, 2026. The Board has also endorsed the second $87.5 million tranche of the discretionary dividend for shareholder approval; subject to such approval, payment is expected in or around April 2027
- Strong performance and free cash flow give ADNOC Drilling the capacity to fund future growth while enhancing shareholder returns. The discretionary dividend reflects disciplined capital allocation and the Board’s confidence in the Company’s cash generation and long-term outlook. Subject to shareholder approval of the second tranche, it increases the total expected dividend in respect of 2026 to $1.225 billion, 22.5% above 2025
- ADNOC Drilling’s progressive dividend framework includes an annual dividend floor of $1.05 billion in 2026, increasing by a minimum of 5% per year through at least 2030. Supported by strong free cash flow, disciplined capital allocation, and a highly contracted revenue base, the framework provides investors with both income visibility and long-term growth potential. According to the policy, the base FY27 dividend floor is expected to be $1.10 billion (c. 25.3 fils per share), with an increase of at least 5% from the FY26 base of $1.05 billion
- 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)
- In line with the progressive policy, the Board considers dividends a capital allocation priority alongside investment in profitable growth and is committed to returning a competitive and growing cash dividend to our shareholders
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