Earnings release
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ADNOC Classification : Public 5 أدنوك ADNOC ADNOC Drilling Announces Strong Third- Quarter and Nine - Month 2021 Results Beating Market Forecast Resilient nine - month revenue increased 12 % year - on - year to $ 1.7 billion with EBITDA at $ 785 million Exceptional financial performance follows record ADX listing 50 % Q3 EBITDA Margin drives cash from operations¹ to 105 % of EBITDA Four - fold capital expenditure increase year - on - year for the nine - month period , supporting ambitious growth agenda Abu Dhabi , UAE - November 10 , 2021 : ADNOC Drilling Company PJSC ( ADNOC Drilling or the Company ) ( ADX symbol : ADNOCDRILL / ISIN : AEA007301012 ) , today announced its financial results for the third quarter and first nine months of 2021 . In the first quarterly disclosure since its record listing on the Abu Dhabi Securities Exchange ( ADX ) in early October 2021 , ADNOC Drilling delivered strong and resilient top line growth , with revenue for the first nine months of 2021 increasing 12 % to $ 1.7 billion compared to the same period last year . The Company reported EBITDA of $ 785 million , surpassed targets , with a very healthy margin of 46 % , and net profit of $ 460 million for the period , up 9 % year - on - year . For the third quarter , ADNOC Drilling reported revenues of $ 571 million , up 11 % year - on - year , and EBITDA of $ 285 million , representing a 50 % margin in the quarter . Strong Growth Across Drilling Operations ADNOC Drilling reported strong and resilient revenue growth across its drilling operations , driven in particular by the Onshore segment and Oilfield Services . شركة الحفر الوطنية National Drilling Company ص ب 4017 , أبوظبي , الإمارات العربية المتحدة PO Box 4017 , Abu Dhabi , UAE adnoc.ae أدنوك للحفر ADNOC Drilling