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ADNOC Drilling (ADNOCDRILL) USD

At a glance: strengths & risks
✓Revenue growing (+22%)✓Profit growing (+11%)✓Low leverage (1.0x EBITDA)✗Margins compressing (49%→43%)

Sector: Oilfield services

AE_ADNOCDRILL

Price chart

5.8 AEDDay —

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
5.8 AED
Market cap
25.8 bn USD

Growth

Δ revenue y/y
2.9%
Δ EBITDA y/y
2.9%

Multiples

P/E (LTM)
17.7x
P/B (FY)
6.3x
P/E (ann.)
18.0x
EV/EBITDA (LTM)
13.0x
EV/EBITDA (ann.)
12.7x

Cash return

Dividend yield
—
FCF yield (LTM)
4.2%

Liquidity

Daily turnover
—

Shares: connector/market_inputs

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-06-30Q2 2026 (3M)OK1231.9
y/y 2.9%
413.9
y/y 3.6%
134.9
y/y 0.9%
548.8
y/y 2.9%
358.9
y/y 2.3%
403.9-7.78601.8
y/y 8.6%
4287.3
y/y 10.2%
32.9%2113.4Link
2026-03-31Q1 2026 (3M)OK1227.9
y/y 5.0%
389.1
y/y -2.2%
125.6
y/y -3.2%
514.7
y/y -2.5%
344.8
y/y 1.1%
439.1-91.18408.4
y/y 6.7%
4443.9
y/y 18.4%
32.3%1694.4Link
2025-12-31Q4 2025 (3M)OK1276.5
y/y 7.5%
433.6
y/y -7.8%
114.1
y/y -5.4%
547.7
y/y -7.3%
388.7
y/y -2.6%
389.3-254.48101.4
y/y 4.3%
4099.3
y/y 7.6%
35.6%2033.0Link
2025-09-30Q3 2025 (3M)OK1259.8
y/y 22.8%
398.6
y/y 2.4%
134.7
y/y 15.7%
533.2
y/y 5.5%
368.2
y/y 10.0%
666.5-209.37715.1
y/y 2.9%
4033.0
y/y 18.2%
12.4%1226.3Link
2025-06-30Q2 2025 (3M)OK1196.8
y/y 27.9%
399.6
y/y 12.6%
133.7
y/y 16.5%
533.4
y/y 13.5%
351.0
y/y 19.0%
649.6-250.77917.7
y/y 11.6%
3892.2
y/y 12.0%
36.7%1440.8Link
2025-03-31Q1 2025 (3M)OK1169.8
y/y 32.1%
397.9
y/y 21.7%
129.8
y/y 21.7%
527.7
y/y 21.7%
340.9
y/y 24.2%
520.4-90.87880.7
y/y 15.7%
3752.1
y/y 18.0%
36.1%1591.7Link
2024-12-31Q4 2024 (3M)OK1186.9
y/y 41.2%
470.2
y/y 36.2%
120.6
y/y 60.0%
590.8
y/y 40.4%
399.1
y/y 21.3%
473.4-215.67766.5
y/y 15.2%
3810.2
y/y 16.7%
36.1%1465.7Link
2024-09-30Q3 2024 (3M)OK1026.1
y/y 32.2%
389.2
y/y 45.6%
116.4
y/y 5.2%
505.5
y/y 33.8%
334.9
y/y 30.1%
314.9-194.27498.6
y/y 16.8%
3412.0
y/y 3.6%
13.0%1686.7Link
2024-06-30Q2 2024 (3M)OK935.4
y/y 29.2%
355.0
y/y 48.0%
114.8
y/y 11.8%
469.8
y/y 37.1%
295.0
y/y 29.6%
518.5-239.17097.3
y/y 30.1%
3475.5
y/y 14.5%
35.5%1662.4Link
2024-03-31Q1 2024 (3M)OK885.9
y/y 23.7%
327.1
y/y 42.6%
106.7
y/y 4.0%
433.7
y/y 30.7%
274.6
y/y 25.6%
346.8-109.56808.6
y/y 24.3%
3180.5
y/y 1.0%
34.1%1910.7Link
2023-12-31Q4 2023 (3M)OK840.7
y/y —
345.3
y/y —
75.4
y/y —
420.7
y/y —
329.1
y/y —
396.5-213.96740.1
y/y —
3264.2
y/y —
31.5%1638.1Link
2023-09-30Q3 2023 (3M)OK776.1
y/y —
267.2
y/y —
110.6
y/y —
377.9
y/y —
257.4
y/y —
337.1-410.36421.2
y/y —
3293.4
y/y —
10.8%-52.9Link
2023-06-30Q2 2023 (3M)OK724.0
y/y —
239.9
y/y —
102.7
y/y —
342.6
y/y —
227.6
y/y —
395.5-105.85455.5
y/y —
3036.1
y/y —
29.4%1676.2Link
2023-03-31Q1 2023 (3M)OK716.1
y/y —
229.4
y/y —
102.5
y/y —
331.9
y/y —
218.7
y/y —
226.0-75.55476.1
y/y —
3149.7
y/y —
—1529.7Link

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

05001 0001 5002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-20%0%20%40%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

FCF ($ mln)

01002003004005002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash ($ mln)

05001 0001 5002 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Profit is cash-backed
In a typical year of 2022–2025 operating cash flow came to 1.42x of reported net profit; after capex, 0.71x.
year2022202320242025
cash flow / profit1.90x1.31x1.27x1.54x
accruals, % of assets-13.1%-4.8%-4.5%-9.6%
Last twelve months (to 2026-06-30): 1.30x of profit came back as operating cash flow.
net debt / EBITDA 0.9x · capex 2.0x of depreciation
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Revenue growth & acceleration

Growth decelerating ▼
Last-year revenue growth +22% vs +32% the year before — a -10.4 pp move. 3-year CAGR +22%.
revenue growth by year: 2023 +14% · 2024 +32% · 2025 +22%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

No dividend rows found for this issuer.

Investor reporting (IR): https://www.adx.ae/en/main-market/company-profile/financial-reports?symbols=ADNOCDRILL

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of ADNOC Drilling (ADNOCDRILL) — from primary filings.

Frequently asked questions

What is ADNOC Drilling (ADNOCDRILL)'s P/E ratio?
ADNOC Drilling (ADNOCDRILL) trades at a P/E of 17.7x (price to trailing 12-month earnings).
What is ADNOC Drilling (ADNOCDRILL)'s EV/EBITDA?
ADNOC Drilling (ADNOCDRILL) trades at 13.0x EV/EBITDA.
What is ADNOC Drilling (ADNOCDRILL)'s P/B ratio?
ADNOC Drilling (ADNOCDRILL) trades at a P/B of 6.3x.
What is ADNOC Drilling (ADNOCDRILL)'s return on equity (ROE)?
ADNOC Drilling (ADNOCDRILL)'s ROE is 32.9%.
What is ADNOC Drilling (ADNOCDRILL)'s market capitalization?
ADNOC Drilling (ADNOCDRILL)'s market cap is 25.8 bn USD.

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