External broker reports(aggregated public sources), International Securities

International Securities

International Securities’ equity research analysis and advisory have been a vital source of market intelligence for our distinguished clients over the years. The equity research team’s main objective is to cover listed equities and to provide thoughtful, insightful, differentiated and timely research that can help clients make informed decisions. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>ADNOC Drilling posted 4Q24 core profit after tax of USD348mn, up 27% YoY (+4% QoQ), taking the FY24 core profit to USD1.25bn, up 28% YoY.</li><li>The board recommended 2H24 DPS of AED0.09. The result was in line with our estimates.</li><li>On reported basis (without adjustments), the profits came in at USD399mn, up 19% QoQ, where the company benefited from certain cost reimbursements and activity phasing. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

ADNOC Drilling posted 4Q24 core profit after tax of USD348mn, up 27% YoY (+4% QoQ), taking the FY24 core profit to USD1.25bn, up 28% YoY.The board recommended 2H24 DPS of AED0.09. The result was in line with our estimates.On reported basis (without adjustments), the profits came in at USD399mn, up 19% QoQ, where the company benefited from certain cost reimbursements and activity phasing. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ADNOC Drilling: 4Q24 Core Profit up 27% YoY (+4% QoQ) To USD348mn

ADNOC Drilling PJSC

ADNOC Drilling: 4Q24 Core Profit up 27% YoY (+4% QoQ) To USD348mn