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UAE Giants Report Strong Q3: ADNOC Gas Sets Record as AD Ports, Salik, Tabreed and Presight Post Gains

Robust local demand with long-term contracts sustains profits despite softer oil prices.

Overview

  • ADNOC Gas posted record Q3 net income of AED 4.92 billion and AED 14.65 billion for the first nine months, lifted by higher domestic volumes and improved margins.
  • Management outlined roughly $20 billion of active projects, a 30% capacity increase target and dividend growth of 5% annually through 2030, with $3.384 billion in total 2025 payouts including $886 million next month.
  • AD Ports Group reported Q3 revenue of AED 5.39 billion and net profit of AED 596 million, with earnings aided by a corporate tax credit and lower finance costs.
  • Dubai toll operator Salik recorded nine‑month revenue of AED 2.275 billion and net profit of AED 1.14 billion as tolled trips reached 470.5 million after two new gates and the flexible tariff.
  • Presight logged nine‑month revenue of AED 1.74 billion, up 48.8%, with 46% of Q3 sales from overseas and contribution from AIQ, while Tabreed delivered AED 1.87 billion in nine‑month revenue and AED 420 million profit with a 52.2% EBITDA margin.