- Adnoc Drilling reported a full-year profit of $1.30 billion, which marks a 26% increase compared to the previous year and exceeded estimates of $1.26 billion.
- The company’s revenue reached $4.03 billion, showing a 32% year-over-year growth and surpassing the expected $3.89 billion.
- EBITDA for the year was recorded at $2.02 billion, a 36% increase from last year, beating the estimate of $1.93 billion.
- Earnings per share (EPS) rose to 8.20 cents from 6.50 cents last year, ahead of the expected 7.89 cents.
- Adnoc Drilling plans to pay a second-half dividend of 9.05 fils per share.
- For the fiscal year 2025, the company forecasts revenue between $4.60 billion and $4.80 billion and net profit between $1.35 billion and $1.45 billion.
- For the fiscal year 2026, Adnoc Drilling expects its revenue to be about $5 billion.
- The company aims for a conservative long-term leverage target with a net debt to EBITDA ratio of up to 2.0x.
- In market recommendations, there are 15 buy ratings, 3 hold ratings, and no sell ratings for Adnoc Drilling.
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A look at ADNOC Drilling PJSC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
ADNOC Drilling PJSC, a drilling company operating globally, has received varying Smart Scores across different aspects. With a solid score in Growth and Momentum, the company seems to be in a favourable position for long-term expansion and progress. This indicates a positive outlook for ADNOC Drilling PJSC’s potential to increase its operations and market presence over time.
While some areas like Value, Dividend, and Resilience received lower scores, the higher scores in Growth and Momentum suggest that the company may be focusing on long-term development and seizing opportunities for advancement in the drilling industry. ADNOC Drilling PJSC’s strong performance in these key areas could shape its trajectory for sustained growth and success in the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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